The Sub-Fund is an index-tracking UCITS passively managed. The Reference Currency of the Sub-Fund is the British Pound (GBP). The investment objective of the sub-fund is to track both the upward and the downward evolution of the FTSE 100 Total Return Index (the "Index") denominated in GBP in order to offer an exposure to the performance of the 100 largest companies traded on the London Stock Exchange that pass screening for size and liquidity - while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (“Tracking Error”).