The fund seeks to track the price and yield performance, before fees and expenses, of the Index. 1.2. Investment Policy In order to achieve this objective, the Fund will employ a "passive management" (or indexing) investment approach and will invest in a portfolio of equity securities, futures, cash and cash equivalents (such as short dated government bonds) that so far as possible and practicable consists of the component elements of the Index. The Fund intends to replicate the constituents of the Index by holding all of the securities, futures, cash and cash equivalents (such as short-dated government bonds) comprising the Index in a similar proportion to their weightings in the Index. In order to replicate the Index, the Fund may invest up to 20% of its Net Asset Value in shares issued by the same body.