The investment objective of the Fund is to provide exposure to the performance of large and mid-capitalisation companies in global developed markets that are equally weighted. In order to achieve the investment objective, the Fund will seek to replicate the net total return performance of the MSCI World Equal Weighted Index, less fees, expenses and transaction costs. In tracking the Reference Index, the Investment Manager will apply a sampling strategy, which includes the use of quantitative analysis, to select securities from the Reference Index that use factors such as the country weights, industry sector weights and liquidity.