The Kagiso Top 40 Tracker Fund is a specialist equity fund which is designed to replicate the performance of the top 40 shares of the FTSE/JSE Africa Top 40 index over time. The share portfolio is a selection of financially sound ordinary shares as indicated in the All Share Index. The fund manager aims to track the movements and replicate the performance of the FTSE/JSE Africa Top 40 index over time by investing in the correct ratios, weightings and proportions of the top 40 shares. The fund manager also uses derivatives to take advantage of undervalued shares and uses efficient trading strategies to minimise fund costs. This fund has no capacity for offshore exposure.