The investment objective of the sub-fund is to replicate the performance of the Bloomberg Europe Defense Select Index (Bloomberg: BSHIELDN Index) (the “Index”), including fluctuations, and to maintain the Tracking Error between the sub-fund and the Index below 2%. The Index General Description The Bloomberg Europe Defense Select Index is constructed to track the performance of European defense companies that are focusing on developing new technologies to keep pace with advancements and changing threats. The Index includes companies that are engaged in the design of vehicles, weapons, technology, and equipment for military, defense, and space use. The Index also includes companies that are suppliers to the equipment manufacturers as well as companies engaged in research and development solutions for biological, chemical, and health threats.