The Fund is an index tracking fund (also known as a passively managed fund). The objective of the Fund is to track the performance of companies in the materials sector, across developed markets globally. The Fund seeks to track the performance of the MSCI World Materials 35/20 Capped Index (the Index) as closely as possible. The Fund invests primarily in securities included in the Index. These securities include equity securities issued by companies globally, which have been classified as falling within the materials sector, in line with the Global Industry Classification Standard (GICS).