The investment objective of the Sub-Fund is to track both the upward and the downward evolution of the “NASDAQ-100 1x Short Total Return Index” (the "Index") denominated in US Dollars, in order to offer an inverse exposure with daily 1x leverage, to the performance of 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization – while minimising the volatility of the difference between the return of the Sub Fund and the return of the Index (the “Tracking Error”).