The fund is passively managed. The aim is to track the performance, before fees and expenses, of the MSCI USA Industrials 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, aiming to represent 85% of the readily available shares in the United States of America. The index contains all of the constituents of the Parent Index assigned to the 'Industrials' sector classification.