The fund is passively managed. The aim is to track the performance, before fees and expenses, of the MSCI USA Banks 20/35 Capped Index (index). The index is based on the MSCI USA Index (Parent Index), which is designed to reflect the performance of large and medium sized companies representing 85% of the readily available shares in the United Stated of America. The index contains all of the constituents of the Parent Index that are classified as Banks.