The fund is passively managed. The fund aims to reflect the performance, before fees and expenses, of the MSCI World Value Low Carbon SRI Screened Select Index. The investment objective of the Fund is to track the performance before fees and expenses of an index which is designed to reflect the performance of large and mid-cap companies across developed markets that exhibit high value characteristics and which meet certain environmental, social and governance criteria. The Reference Index is based on the MSCI World Index (the Parent Index), which is administered by MSCI Limited (the Index Administrator).