The Sub-Fund aims to provide Shareholders with capital growth and appreciation by investing in common stocks of large-capitalization companies. The Sub-Fund will aim to meet the investment objective under normal circumstances by investing primarily at least 80% of its net assets in equity securities, primarily in common stocks of large-capitalization companies. The securities will principally be listed, traded, or dealt in on a Regulated Market in the US, although up to 10% of the net assets of the Sub-Fund may be invested in the securities of non-US issuers at any one time whose securities will be listed, traded, or dealt in on any Regulated Market in a member state of the OECD. The Sub-Fund may invest up to 20% of its net assets in non-US companies directly, or indirectly through ADRs, GDRs, or EDRs. Money market instruments, money market funds, bank deposits and time deposits qualifying as eligible asset may be held where this is considered appropriate by the Investment Manager. The Sub-Fund may hold ancillary liquid assets for not more than 20% of its total assets.