The investment objective of the Sub-Fund is to track both the upward and the downward evolution of the Mid Cap DAX index (MDAX) index (the “Index”) denominated in Euros and representative of 50 German public limited companies and foreign mid-cap companies listed on the first segment of the Deutsche Börse - while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (the “Tracking Error”).