The objective of the Sub-Fund is to track the performance of the index MSCI World Minimum Volatility Advanced Target Index (the Index). The Index is an equity index based on the MSCI World Index, representative of the large and mid-cap stocks across developed markets countries (the Parent Index). The Index is designed to represent the performance of a strategy that seeks systematic integration of environmental, social and governance (ESG) characteristics along with the minimum volatility factor (i.e. stocks which exhibit less price variability than the broad market).