Performance funds/ETFs

The Fund aims to track the performance of MSCI Europe Value Index, and to minimize the tracking error between the net asset value of the sub-fund and the performance of the Index. MSCI Europe Value Index is an equity index representative of leading securities of European developed countries (as defined in the index methodology) exhibiting overall value style characteristics. The Index is a Net Total Return Index : the dividends net of tax paid by the index constituents are included in the Index return.