This Fund seeks to track the performance of the FTSE Developed Asia Pacific ex-Japan Index, a widely recognised benchmark of the large and mid cap sized companies of the developed markets of the Asia Pacific region, excluding Japan. The Fund employs a “passive management” – or indexing – investment approach, through physical acquisition of securities, designed to track the performance of the Index, a free float adjusted market capitalisation weighted index. In tracking the performance of the Index, the Fund attempts to replicate the Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.