The investment objective of the Fund is to generate higher absolute risk adjusted returns over a market
cycle than those of the MSCI World Minimum Volatility (USD) Index, a free float-adjusted market capitalisation weighted index that is
designed to measure the equity market performance of developed markets.
The Fund will seek to achieve its investment objective by constructing a risk balanced portfolio
comprised primarily of global equity securities. The Fund will not have a specific geographic, industry or
sectoral focus and no security will represent more than 4% of the risk in the portfolio at the time of