The Fund aims to achieve capital growth and income, net of charges, on a rolling five-year basis. The Fund is actively managed. This means the Investment Manager uses their expertise to pick investments to achieve the Fund’s objective. The Fund primarily invests (at least 80%), directly or indirectly, in shares of North American companies. North American companies are those that are domiciled, incorporated or have a significant portion of their business in North America, even if listed elsewhere.