The objective of this Sub-Fund is to track the performance of MSCI EM ex China ESG Selection P-Series 5% Issuer Capped Index, and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The Index is is an equity index based on the MSCI Emerging Markets ex China Index representative of large and mid-cap stocks across 26 of the 27 Emerging Markets (EM) countries excluding China and issued by companies that have the highest Environmental, Social and Governance (ESG) rating in each sector of the Parent Index.