The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Funds assets, which reflects the return of the MSCI USA Value ESG Reduced Carbon Target Select Index, the Funds benchmark index (Index). The Index aims to reflect the performance of a subset of US equity securities within the MSCI USA Index with targeted exposure to the value factor, subject to certain optimisation constraints, including carbon reduction and environmental, social and governance (ESG) score improvement relative to the Parent Index.