The fund is an index tracking fund, where individual components are selected from the Solactive GBS Developed Markets ex North America Large & mid-cap Index. The aim of this ETF is to screen out companies with poor ESG values from a universe of mid to large-cap stocks within the Developed Market ex North America space. The surviving universe is then scored using a multi-factor criteria (average of the individual momentum, value and quality scores) and a carbon intensity criteria. Companies that fall under the bottom quartile of both criteria are excluded and the rest are included in the underlying index. Each component is weighted using their inverse-volatility over the three-year period on an individual basis and on a sector basis. Individual weights are capped at 2%, while country weights are capped at 30% each. Rebalancing is done quarterly.