The Sub-Fund's objective is to achieve capital growth over the long term by investing in shares of global companies. The Sub-Fund seeks to achieve the Investment Objective by investing in a concentrated selection of shares in leading global companies with enduring competitive advantages and a long runway of growth. The Sub-Fund will invest in companies which have a sustainable competitive advantage, they must operate in a sustainable way with prices that allow for the prospect of significant capital growth over 5-10 years or more. The Investment Manager's research process for every company integrates a traditional financial analysis with a separate environmental, social and governance framework (the "ESG Framework"). The intention of the Investment Manager is to remain substantially invested in the Investment Strategy, subject to holding some liquid assets which may be provided through investor subscriptions or when a position has been sold and a new position is yet to be acquired or may be required for investor redemptions, to pay expenses and to deal with differences in settlement periods. Such liquid assets will be held in cash, cash equivalent investments and in government and investment grade corporate bonds. The Sub- Fund will not take short positions, will not use leverage for the purpose of investing and will not hedge markets.