The investment objective of the Receiving Sub-Fund is to track both the upward and the downward evolution of the MSCI World Select Catholic Principles ESG Universal and Environment Index (the “Index”), denominated in USD, while minimizing the volatility of the difference between the return of the Receiving Sub-Fund and the return of the Index (the “Tracking Error”). In normal market conditions, it is anticipated that the Receiving Sub-Fund will track the performance of the Index with a tracking error of up to 1%.