The investment objective of the Fund is to track the performance of the MSCI World Climate Paris Aligned Filtered PAB Index. The Index is an equity index based on the MSCI World Index representative of the large and mid-cap segments of the global developed markets (the Parent Index). The index is designed to support investors seeking to reduce their exposure to transition and physical climate risks and who wish to pursue opportunities arising from the transition to a lower carbon economy while aligning with the Paris Agreement requirements.