The fund is passively managed. The fund aims to reflect the performance of the iBoxx MSCI ESG USD Emerging Markets Sovereigns Quality Weighted Index (index). The index is designed to represent the performance of a range of US dollar (USD) currency denominated tradable debt (bonds) issued by governments or central banks in emerging market countries. The index first takes into account fundamental economic indicators and secondly MSCI ESG Government Ratings (ESG Ratings) for selection and weighting purposes.