The investment objective of the Fund is to provide long-term capital growth from an actively managed portfolio comprising listed equity and equity-related securities, while promoting certain environmental and social characteristics by seeking to achieve a more favourable sustainability profile and environmental footprint in comparison to the MSCI World Small Cap Index (the “Benchmark”) and integrating sustainability risks in the investment process. The Fund is actively managed and seeks to outperform the Benchmark. This is achieved by expressing the Manager’s views, both positive and negative, on eligible listed small-cap equities and equity-related securities, which, at the time of purchase, fall within the bottom 25% of global equity market capitalisation. The Fund accomplishes this by overweighting and underweighting securities relative to their Benchmark weights, including investing in securities not included in the Benchmark.