This fund aims to closely mirror the total return, including both capital appreciation and income, of its reference index, the FTSE Developed Europe 50% Hedged to USD Index, prior to accounting for fees and expenses. The aforementioned index serves as an equity gauge for European nations, notably mitigating roughly half of the currency exposure of its holdings against the U.S. dollar on a monthly basis. Typically, the fund allocates a minimum of 80% of its net assets, in addition to any funds borrowed for investment purposes, to the specific securities and instruments found within its benchmark index.