The investment policy of the portfolio shall be to track the S&P
South Africa Dividend Aristocrats Index as closely as possible,
by buying only constituent securities in the same weightings in
which they are included in the Index and selling only securities
which are excluded from the Index from time to time as a result
of quarterly Index reviews or corporate actions.
The index, which is constructed and maintained by S&P Dow
Jones Indices, is designed to measure the performance of
constituents of the S&P South Africa Composite Index that have
followed a policy of increasing or maintaining stable dividends
for seven consecutive years.