The Fund invests in large and mid-capitalisation stocks in emerging market countries globally and seeks to track the performance of the LibertyQ Emerging Markets Index-NR (the “Underlying Index”) as closely as possible. The Fund aims to replicate the Underlying Index by holding all of its securities in a similar proportion to their weighting in the Underlying Index. The holdings of the Underlying Index are selected from the MSCI Emerging Markets Index-NR (the “Investment Universe”), using a transparent multi-factor selection process that applies four investment style factors (quality, value, momentum and low volatility).