The portfolio's investment universe consists, apart from assets in liquid form, of domestic listed equity securities, non-equity securities and interest-bearing instruments. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes, registered in South Africa. The portfolio invests in up to 25 equity securities and such equity securities will not include companies outside of the top 50 companies by market capitalization on the FTSE/JSE Securities Exchange. The portfolio‘s minimum equity exposure is 80% of its net asset value. The portfolio may from time to time invest in financial instruments, in accordance with the provisions of the Act and applicable legislation as amended from time to time, in order to achieve the portfolio's investment objective. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.