The investment seeks to replicate as closely as possible, before fees and expenses, the performance of the DAX index. The index reflects the German blue chip segment comprising the largest and most actively traded German companies that are listed at the Frankfurt Stock Exchange. The Sub-Fund seeks to achieve its objective by (i) investing in a diversified portfolio of transferable securities (including both equities and fixed or variable debt instruments) (ii) and entering into a total return swap agreement (the "Swap") to track the evolution of the Index.