The Fund is actively managed and in order to achieve its investment objective, the Investment Manager will invest, in a manner consistent with the UCITS Regulations and Central Bank requirements. The Investment Manager will identify the most efficient travel companies worldwide and diversify holdings by selecting securities of global aircraft manufacturers, airport operators, airline related media and services, hotels, resorts, cruise lines and online booking platforms that benefit from travel and tourism growth. Under normal market conditions, the Investment Universe will be comprised of at least 50 stocks.