Performance funds/ETFs

The investment objective of the Fund is to invest at least 85% of its assets in the Master Fund, the investment objective of which is to closely match the risk and return characteristics of the MSCI World Small Cap Custom ESG Index with net dividends reinvested. In addition to investing at least 85% of its assets in the Master Fund, the Fund may also invest up to 15% of its assets in aggregate in ancillary liquid assets including cash deposits, cash equivalents, certificates of deposits and Money Market Instruments which may be held by the Fund to meet expenses or pending investment.