The investment objective of the Sub-Fund is to track the price and the performance, before fees and expenses, of the Solactive Lloyd International Equity Index (the Index). The Index provides exposure to a portfolio of global equities listed on developed market stock exchanges that demonstrate strong and sustainable earnings. The Fund will employ a passive management (or indexing) investment strategy and will seek to employ a replication methodology, meaning as far as possible and practicable, it will invest in the equity securities of companies in proportion to the weightings comprising the Index.