The Constantia Low Volatility Fund's main priority is the preservation of capital. The Fund seeks stable capital growth independent of the direction of stock and bond markets. The Fund targets returns of 3-5% above Libor (US$, EUR, GBP, or JPY as appropriate) over any rolling 2 year period with annual standard deviation of 2-5%. Other Fees: 10bps Administration fee, 5bps Custody fee, 2bps Audit fee. AUM combines all share classes and is reported in USD.