The fund is passively managed. The investment objective of the Fund is to track the performance before fees and expenses of the Underlying Asset, which is the Solactive ISS ESG Emerging Markets Net Zero Pathway Index (the Reference Index). The Reference Index is designed to reflect the performance of large and medium capitalisation companies across global emerging markets that are selected and weighted with the aim of seeking alignment with EU Paris-aligned Benchmark (EU PAB) standards and certain net zero frameworks.