The investment objective of the Fund is to achieve long term capital growth over a period of at least 5 years. The Manager’s policy, in order to achieve the Trust’s objective, will be to invest at least 80% of its portfolio in a wide range of companies that are listed, quoted or traded in the United States of America (the “US”) or Canada, or which have a significant part of their activities in the US or Canada but which are quoted on a regulated market outside of the US or Canada.