The Investment Objective of the Sub-Fund is to invest into a portfolio of large cap developed market global equities (the “Portfolio”) selected on the basis of the CROCI World Strategy (the “Strategy”). The Strategy is a systematic and rules based investment strategy developed by the CROCI Investment and Valuation Group and is described in more detail below. Investors should note that the Investment Manager (as defined below) is responsible for ensuring the Sub-Fund is invested in the Portfolio but has no responsibility for either the Strategy or the composition of the Portfolio.
Accordingly, this Sub-Fund will aim to invest in the selected shares in proportion to their weighting in the Strategy. Subject to the Investment Restrictions, and if there are efficiency reasons from the portfolio perspective to do so, the Sub-Fund may also hold transferable securities and/or derivative instruments in order to gain exposure to some or all of the selected shares.