The Fund invests in large and mid-capitalisation stocks in emerging market countries globally and seeks to track the performance of the LibertyQ Emerging Markets Index (the “Underlying Index”) as closely as possible. The Fund aims to replicate the Underlying Index by holding all of its securities in a similar proportion to their weighting in the Underlying Index. The holdings of the Underlying Index are selected from the MSCI Emerging Markets Index (the “Investment Universe”), using a transparent multi-factor selection process that applies four investment style factors (quality, value, momentum and low volatility).