Description

This specific fund share class seeks to deliver investor returns, encompassing both capital appreciation and income generation. It aims to achieve this by closely mirroring the performance of its designated benchmark, the MSCI World Mid-Cap Equal Weighted Index. The fund primarily allocates its assets to the equity securities (stocks) that constitute this benchmark index, wherever practical. The benchmark itself is designed to reflect the performance characteristics of mid-sized company stocks found within the broader MSCI World Index (referred to as the "Parent Index"), with the key feature that each individual security within it is equally weighted. Market capitalization is defined as a company's share price multiplied by the total number of its issued shares. While the Benchmark Index comprises mid-capitalization components from the Parent Index, it implements an equal weighting for all its constituents during each rebalancing period. This process effectively neutralizes the influence of any single constituent's current share price. Consequently, following each rebalance, the Benchmark Index will exhibit a proportionally greater allocation to the smaller mid-capitalization equity securities when compared to its Parent Index.