All fine - except that was not their declared mandate when most...

All fine - except that was not their declared mandate when most investors bought in.
As for the "wrong Fund for you" defence. Sorry, that is nonsense. Find me another fund that has so distorted its obligations to its shareholders that it sneeringly destroys capital value and fails to compensate investors for their capital risk all on the basis of a completely unexplained 'Tinkerbell fantasy'. Even the most defencive Funds are successfully managed to a degree that allows a return to shareholders. This Fund is simply incompetent and based upon a fund manager's fantasy. Your money - his plaything.
Join my fund. In 2076 I will discover nickel on Uranus. You will make a fortune because everyone else invested in nickel in WA!