The fund aims to provide investors with the performance of an index, before fees and expenses, composed of Australian equities that, in the aggregate, have lower volatility characteristics relative to the broader Australian equity
market (the Index).
The Index aims to reflect the performance characteristics of a subset of securities within the MSCI Australia IMI (AUD) Index (the Parent Index). The constituents of the Index are selected using a minimum volatility strategy that optimises the Parent Index. The Index will comprise a smaller number of securities with different weightings compared to the Parent Index. The Parent Index is designed to measure the performance of the large-, mid- and small-capitalisation segments of the Australian market. It covers approximately 99% of the free float-adjusted market capitalisation of the Australian equity market.