The investment objective of the Fund is to provide long term capital appreciation through investment in property company equities and equity related securities which are listed on major exchanges and markets located throughout the world. The Investment Manager separates Index constituents into groups based on their Index weighting. Their grouping determines the extent to which the Investment Manager over or under weights that Index constituent. Large Index constituents will have a closer correlation in their weighting to the Index. Smaller Index constituents may be over weighted by 100%, where they are considered to have positive real estate fundamentals. They may be under weighted or excluded from the Fund's portfolio entirely where they are considered to have neutral or negative real estate fundamentals. The Investment Manager will seek to maintain the exposure of the Fund to each sector to between zero and two times the sector weighting in the Index.