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The Fund aims to track the US-Dollar net total return performance of the MSCI World ESG Leaders 1.25x Select Index (Bloomberg Ticker: MXWOELNU), (the “Index”) less fees and expenses. The Index is a leveraged index. The monthly percentage change in the level of the Index is intended to reflect 1.25 times the monthly percentage change in the level of the Underlying Index less the cost of notionally borrowing additional capital to invest in the Underlying Index portfolio, so as to create the leveraged exposure (the Financing Cost). The Underlying Index is the MSCI World ESG Leaders Index, which is an equity index representative of the large and mid cap markets across 23 developed countries. It comprises companies included in the MSCI World that have high Environmental, Social and Governance (“ESG”) ratings relative to their sector peers. The risk of currency movements between the currency of the Index, the US-Dollar and the currency of each unhedged Class will not be hedged. The Fund is c
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