The investment objective of the Sub-Fund is to ttrack both the upward and the downward evolution of the S&P Eurozone LargeMidCap PAB ESG Index (EUR) NTR Index (the “Index”), denominated in Euros, and representative of the performance of eligible equity securities from the S&P Eurozone LargeMidCap Index (the “Parent Index”) selected and weighted to be collectively compatible with a 1.5°C global warming climate scenario, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index. The anticipated level of the tracking error under normal market conditions is expected to be up to 0.50%.