The Fund employs a passive management or indexing investment approach, through physical acquisition of securities, designed to track the performance of the FTSE North America All Cap Choice Index. The Fund will invest in a portfolio of equity securities of companies located in the United States and Canada that so far as possible and practicable consists of a representative sample of the component securities of the Index. The Index is a market-capitalisation-weighted index composed of large-, mid-, and small-cap stocks of companies located in the United States and Canada.