Man TargetRisk DRV USD

The Fund aims to generate capital growth over the medium to long term by providing exposure to a range of assets. The Fund aims to target a stable level of volatility regardless of market conditions by allocating all or substantially all of its assets in accordance with a quantitative investment approach. The Fund may, directly and indirectly, invest over 20% of its net asset value in emerging markets.The Fund's exposure to different investments is determined by its computer-based model using various techniques, including 'volatility scaling'. This technique involves reducing the Fund's exposure to a market when returns are volatile and increasing exposure when the market is calm.The Portfolio has set an annualised volatility target of 10% of Net Asset Value.The Fund may also use money market instruments and cash, currencies, government debt instruments and other liquid assets for cash management purposes.Benchmarks. The Fund is actively managed. The Fund does not intend to track the 60%/40% Composite Index (60% MSCI World Net Total Return Hedged, 40% Barclays Capital Global Aggregate Bond Index Hedged) and is not constrained by it, it is included here for performance comparison purposes only.The Fund may invest in financial derivative instruments (ie instruments whose prices are dependent on one or more underlying asset, ''FDI''), stocks and bonds. Stocks will be listed and may be issued globally and across all industrial sectors and market capitalisations. Debt instruments may be issued by any government or company.The Fund may actively use FDI to achieve the investment objective, for hedging against anticipated movements in a market or a security, or where it is more economically effective than directly holding the underlying asset, and to gain exposure to commodities indices.The Fund may also use FDI to gain exposure to the Bloomberg Commodity Ex-Agriculture and Livestock Capped Index, which is a benchmark for commodities investments, such as precious and industrial metals and oil but excluding agriculture and livestock.The Fund may retain a significant proportion of its portfolio in cash and/or liquid assets.The Fund may use currency related transactions to alter its foreign currency exposures.The extensive use of FDI, and the fact that FDI may only require a small upfront payment, may mean the Fund is consistently required to hold a substantial portion of its assets in bank deposits and other money market securities.Any income earned on investments will be added to the value of investors' shares and investors can buy and sell their shares on each dealing day of the Fund.Investment in the Fund is suitable to medium to long-term investors.