The investment objective of the Fund is to provide exposure to companies that produce metals that are primarily used for manufacturing batteries and companies that develop electro-chemical energy storage technology (i.e. battery technology) and/or that produce batteries. In order to achieve this investment objective, the Fund will seek to track the performance of the Solactive Battery Value-Chain Index Net Total Return (the “Index”). It will do so by investing primarily in a portfolio of equity securities that, as far as possible and practicable, consists of the component securities of the Index in similar proportions to their weightings in the Index and may have exposure to or invest directly up to 20% of its Net Asset Value in shares issued by the same body, which limit may be raised to 35% for a single issuer in exceptional market conditions, including (but not limited to) circumstances in which such issuer occupies a dominant market position.