The Fund is actively managed. The Fund's investment strategy aims to achieve a risk-controlled excess return from investment in Eurozone (EMU) equities greater than that which would be delivered by a passive exposure to such EMU equities, as represented by the Benchmark Index. The Fund seeks to achieve its investment objective by employing an investment strategy which has been designed by Ultramarin Capital GmBH, a German financial services provider which provides financial advice and brokerage services.