The Fund is passively managed and seeks to track performance of the Solactive Global Pure Gold Miners Net Total Return Index. The Index is designed to measure the performance of large companies which are listed on stock markets globally and which generate at least 90% of their revenues from gold mining. The Fund will seek to hold all of the shares of the Index, in the same proportions as the Index, so that essentially the portfolio of the Fund will be a near mirror image of the Index.