The investment objective of the Fund) is to replicate, before the Fund's fees and expenses, the performance of the Bloomberg PAB Canada Large & Mid Cap Net Return Index closing level. In order to achieve its investment objective, the Sub-Fund will primarily invest, through physical replication, in all or part of the equity securities comprised in the Index and in substantially the same weights as in the Index. The Sub-Fund shall at all times invest at least 60% its Net Asset Value in equities or rights issued by companies having their registered office in Canada.