The Fund is a UCITS ETF-type feeder fund. The Fund therefore continuously invests 85% or more of its assets in the shares of the Amundi MSCI World UCITS ETF sub-fund (the "MASTER UCITS"), which is a sub-fund of the Irish Collective Asset-management Vehicle ("ICAV") Amundi ETF ICAV (the "ICAV"), which is managed by Amundi Ireland Ltd. The MASTER UCITS is passively managed. The MASTER UCITS aims to replicate the performance of the MSCI World Index (the "Index"). The MASTER UCITS aims to achieve a tracking error between the MASTER UCITS and its Index that does not normally exceed 1%.