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The investment objective of the Fund is to reflect the performance, before fees and expenses, of the MSCI World Consumer Staples Total Return Net Index. The Index is designed to reflect the performance of stocks from various Developed Markets countries in the consumer staples sector, including food, food retailing, household and personal products. A stock’s weighting in the Index depends on its relative size, based on the combined value of its readily available shares compared with other stocks. The Index is calculated on a total return net basis, meaning that dividends and distributions by the companies are reinvested after tax, and is reviewed and rebalanced at least quarterly. The Fund is passively managed and seeks to replicate the performance of the Index, before fees and expenses, by buying all or a substantial number of the securities in the Index. The Fund may also use derivatives and securities lending to manage risk, reduce costs, improve results or generate additional income. Returns and gains are reinvested in the Fund.

The investment objective of the Fund is to reflect the performance, before fees and expenses, of the MSCI World Consumer Staples Total Return Net Index. The Index is designed to reflect the performance of stocks from various Developed Markets countries in the consumer staples sector, including food, food retailing, household and personal products. The Fund is passively managed and seeks to replicate the Index by buying all or a substantial number of the securities in the Index. The Index is calculated on a total return net basis, meaning that dividends and distributions by the constituent stocks are reinvested after tax. The Index is reviewed and rebalanced at least quarterly.