The Old Mutual Namibia Absolute Stable Growth Fund offers stability by means of smoothing of returns, whereby a Bonus Smoothing Reserve is maintained to absorb the impact of high peaks and low troughs often experienced in the market, thus reducing short-term volatility. The Fund target returns in excess of inflation over the long term, while significantly reducing the short-term volatility associated with balanced market-linked investments. However due to this smoothing technique used, it has an additional fee over and above the investment management fee, namely a capital charge. Bonuses are declared monthly in advance, gross of investment fees and net of the capital charge.