Defensive
Passive Defensive seeks to generate modest returns higher than cash in the bank over the medium term with potential for consistent though constrained capital growth. The portfolio has a more defensive approach to equity exposure compared to Passive Cautious - typically comprising of 15% equity and 85% non-equity.
Cautious
Passive Cautious seeks to generate modest capital growth higher than bond-based returns over the short to medium term by employing a more cautious passive investment strategy than Passive Balanced. The portfolio will have a modest approach to equity exposure - typically comprising of 35% equity and 65% non-equity.
Balanced
Passive Balanced seeks to generate capital growth over the medium to longer term, with the aim of riding out short-term fluctuations in value. The passive investment portfolio will have a more balanced approach to equity exposure compared to Passive Growth - typically comprising of 50% equity and 50% non-equity.
Growth
Passive Growth seeks to generate higher capital growth over the medium to long-term by employing a more dynamic investment strategy. The portfolio will have a higher exposure to equities compared to Passive Balanced - typically comprising of 70% equity and 30% non-equity.
Adventurous
Passive Adventurous seeks to generate strong capital growth over the longer term and can experience frequent and higher levels of volatility than Passive Growth. This passive investment portfolio will have a large exposure to equities - typically comprising of 85% equity and 15% non-equity.

The diagram is for illustrative purposes only. The value of investments, and the income from it, may go down as well as up and may fall below the amount initially invested. Weightings may deviate from these levels at the Investment Team's discretion whilst staying within specific guidelines, so the above asset allocation is intended as a guide only.