The investment objective of the Fund is to track the performance before fees and expenses of the Underlying Asset, which is the MSCI World Momentum Index (USD) Index (the “Reference Index”). The Reference Index is based on the MSCI World Index (the “Parent Index”), which is designed to reflect the performance of the shares of certain listed large and medium sized companies across developed markets countries. The aim of the Reference Index is to replicate the performance of shares from the Parent Index that have high price momentum, measured by a combination of a risk-adjusted 12-month and 6-month stock performance.