The objective of the Fund is to track the performance of the Japanese equity market. The Fund seeks to track the performance of the MSCI Japan Index (the Index) as closely as possible. The Fund invests primarily in securities included in the Index. These securities include large and mid cap equities issued by companies in Japan. As it may be difficult to purchase all securities in the Index efficiently, in seeking to track the performance of the Index the Fund will use an optimisation strategy to build a representative portfolio which should reflect the performance of the Index.