The fund’s objective is to track as closely as possible the MSCI USA index (see section “Benchmark index”), whether the MSCI USA index rises or falls. The Fund is managed so as to achieve a gap between changes in its NAV and changes in the value of the MSCI USA index (referred to below as the “MSCI USA Index”) as small as possible. The target for maximum tracking error between changes in the Fund’s NAV and those in the MSCI USA Index is 2%. If the “tracking error” exceeds 2%, the aim would nevertheless be to remain below 10% of the volatility shown by the MSCI USA Index.