This fund mirrors the successful longstanding Integral investment houseview. The portfolio‘s equity exposure will always exceed 80% of its net asset value. Offshore exposure cannot exceed 25% plus an additional exposure of 5% in Africa. The portfolio's investment universe consists of equity securities, preference shares, interest bearing securities, non-equity securities, property shares and property related securities listed on exchanges and assets in liquid form. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes, registered in South Africa and other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective. The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective.