The investment objective of the Fund is to track the performance of large and mid-sized equities of Developed Markets in Europe. The investment policy of the Fund is to track the performance of the S&P Europe Quality FCF Aristocrats Index as closely as possible, while seeking to minimise as far as possible the tracking difference between the Fund's performance and that of the Index. The Index measures the performance of European companies exhibiting higher quality characteristics relative to the overall companies in the S&P Europe LargeMidCap Index (the Parent Index), excluding companies in Emerging Markets in Europe.