FLGB offers representative exposure to large- and mid-cap equities from the United Kingdom. All companies are weighted by their free-float adjusted market cap, with limits on the very largest names for RIC compliance. Like most competitors, the fund excludes small-caps. The Index is reviewed semi-annually but the capping methodology is applied quarterly. Single securities are capped at 25% and all securities exceeding 5% do not exceed 50% of the index. For investors looking for simple, no-frills exposure, FLGB offers neutral coverage to the UK equities market.