The management objective is to outperform the benchmark index, the MSCI EMU SMID CAP (Net Return), over a five-year period, while taking into account ESG criteria. The investment strategy aims to actively manage a portfolio of small and mid-cap stocks from eurozone countries without any geographical or other distribution constraints than those specified in this prospectus. The investment strategy aims to actively manage a portfolio of small and mid-cap stocks from Eurozone countries without any geographical or other distribution constraints other than those specified in this prospectus.