The fund aims to track the FTSE World Asia Pacific ex Japan Index, which is composed of mid and large sized companies in the Pacific region, including Australasia but excluding Japan. The tracker utilises a full physical replication method which means it will hold all the companies comprising the index. To make sure it is aligned with the index, it will buy up or sell down to the target weights at each date of rebalance. We like the tracker as it gives us exposure to a diverse portfolio of Pacific rim stocks and it has tracked the benchmark well historically. It is also relatively cheap with an ongoing charge of 0.19% as of January 2016.