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The 10X SA ILB Index Fund shall be an index tracking portfolio. The primary investment objective of the portfolio is to track as closely as possible the total return of the S&P South Africa Sovereign Inflation Linked Bond 1+ Year Index, a published South African index that is calculated and published daily by a recognised index compiler. The index is a market-valueweighted index designed to track the performance of South African randdenominated, inflation-linked securities publicly issued by the South African government for the domestic market, with maturities greater than one year from the index rebalancing date. The portfolio may invest in listed and unlisted bonds, fixed deposits and other interest-bearing securities, financial instruments and assets in liquid form. The portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes as the Act may allow from time to time. The trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out by the manager. The manager reserves the right to close the fund to new investors to preserve the fund's ability to meet its objectives. The manager may, after the fund has been closed, open the fund again to new investors, at its sole discretion
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