The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the MSCI World Materials ESG Reduced Carbon Select 20 35 Capped Index. The Index aims to reflect the performance of a sub-set of equity in the MSCI World Materials Index (the Parent Index) which excludes issuers from the Parent Index based on the index provider's ESG and climate change-related exclusionary criteria.