The Fund aims to provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than that of the FTSE World Europe ex UK Index, over any five-year period. At least 80% of the Fund’s Net Asset Value is invested directly in equity securities and equity-related instruments of medium and large market capitalisation companies across any sector that are incorporated, listed, domiciled or do most of their business in Europe, excluding the United Kingdom.