The investment objective of the Sub-Fund is to track both the upward and the downward evolution of the MSCI Europe Climate Action Net Total Return Index (the “Index”), denominated in Euros, and representative of the performance of large and mid-cap stocks, across developed European countries, issued by companies that have been assessed to lead their sector peers in terms of their positioning and actions relative to climate transition, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (the “Tracking Error”).