 Earlier we distinguished between two versions of sophisticated Meinongianism.  The first, based on the distinction between nuclear and extra-nuclear properties, was found lacking. We turn now to the second, based on the distinction between encoding and exemplifying a property, focusing on Zalta’s version of the view, which is the most fully developed in the literature. Whereas Parsons distinguished different kinds of properties, restricting the comprehension principle to only nuclear properties in the hope of thereby avoiding the problems plaguing the naive comprehension principle, Zalta distinguishes two different modes of having a property for the same effect. Exemplifying a property is the familiar way in which an individual has a property; it is roughly what most metaphysicians have in mind when the speak of instantiating a property. Obama exemplifies humanity, my chair exemplifies being comfortable, and the fig tree in my backyard exemplifies needing water. What the comprehension principle does is say not what properties object exemplify, in this sense, but rather what properties they encode. So, for any condition C on properties, there is an object that encodes exactly those properties, which leaves open whether or not those objects also exemplify those properties.