The Fund is actively managed and does not track a benchmark. The reference benchmark for the Fund is MSCI World Index. The Fund aims to provide long-term capital growth. The Fund usually invests a minimum of 90% of net assets in shares (or securities similar to shares) of companies incorporated in developed markets or those that earn the majority of their revenue from developed markets. The Investment Manager applies quantitative investment process to create a portfolio which focuses on risk premia offered by exposure to factors such as value, quality, momentum, low risk and size.