The Portfolio seeks total returns consisting of income and capital appreciation by investing primarily in global equity and fixed income securities, with a focus on fixed income securities. The Portfolio will, under normal circumstances, invest at least two thirds of its net assets in equity and/or equity related Transferable Securities and fixed income Transferable Securities of issuers located anywhere in the world. The Portfolio may hold up to 60% of its assets in equity securities, and up to 95% of its assets in fixed income securities. The Portfolio will invest directly in such securities and/or through Permitted Funds.