The Fund is a passively managed ETF, which aims to track the net total return performance of the S&P China A MidCap 500 Index, less fees, expenses and transaction costs. The Fund does this through the use of unfunded swaps (Swaps). The Index is designed to measure the performance of the mid-cap segment of the China A-Shares market. It comprises the 500 largest stocks by total market capitalisation in the S&P China A 1800 Index (the Parent Index), after excluding stocks in the S&P China A 300 Index.