The objective of the investment policy of the fund is to achieve long term capital appreciation by investing predominantly in large cap developed market global equities that are considered undervalued according to the CROCI methodology and the CROCI World investment strategy. The investment strategy will generally select approximately one hundred shares with the lowest positive CROCI Economic Price Earnings Ratio (“CROCI Economic P/E”) from a universe comprising the largest developed market global equities by market capitalisation for which CROCI Economic P/Es are calculated. Companies in the Financial and Real Estate sectors are not eligible for selection.