The STANLIB Industrial Fund is a sector specific fund that focuses exclusively on the industrials sector of the economy and aims to provide investors with long term capital growth. The fund's objective is to achieve returns well in excess of the FTSE/JSE industrials Index. The securities to be included will consist of ordinary shares from the industrial sectors of approved exchanges and when appropriate, other securities (including non-equity securities and preference shares). The manager may also invest in other similar collective investment schemes. This portfolio may not have any direct and/or indirect foreign exposure.