The investment objective of the Fund is to achieve a long-term return in excess of the Benchmark by investing in an actively-managed portfolio of global developed market equities excluding the United States. The Fund is an actively managed ETF. To achieve the investment objective, the Fund will invest primarily in a portfolio of equity and equity-related securities, tracking stocks and depositary receipts of companies from global developed markets, excluding the USA. The Fund will not seek to track the performance of the Benchmark (the MSCI World ex USA Index).