The objective of the Fund is to invest in equities of companies globally with a particular focus on reducing carbon exposure and improving environmental, social and governance ("ESG") characteristics relative to the MSCI World Index (the "Index"). To achieve this objective, the Fund will invest at least 80% of its assets in equities and equity-related instruments contained in the Index. Following the selection of the equity securities, a proprietary active overlay will be applied to the portfolio of the Fund to identify securities that will allow the Fund to decrease its exposure to companies that engage in carbon-intensive activities or which have a significant carbon footprint and/or carbon reserves, while increasing its exposure to companies which perform positively in these areas. At a minimum, the Fund will have 30% less carbon exposure than the Index, although in normal market conditions, the Fund expects to have approximately 50% less carbon exposure than the Index.