The fund aims to provide investors with the performance of an index, before fees and expenses, composed of developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed e
quity markets (the Index).
The Index aims to reflect the performance characteristics of a subset of securities within the MSCI World (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 capture the large- and mid-capitalisation segments of 23 developed markets and covers approximately 85% of the free float-adjusted market capitalisation in each market.