The fund aims to provide investors with the performance of an index, before fees and expenses, composed of developed market equities that have favorable exposure to target style factors subject to constraints. The Index aims to reflect the performance characteristics of a subset of equity securities within the MSCI World Index (The Parent Index), which are selected and weighted on account of their higher aggregate exposure to four “style” factors compared to other securities within the Parent Index. The Parent Index is designed to measure the performance of the large-, mid- capitalization representation across 23 developed markets and covers approximately 85% of the free float-adjusted market capitalization in each market. [Less]