The fund is a passively managed ETF that tracks an index that provides exposure to large- and mid-cap stocks from developed countries in Europe, excluding the United Kingdom. The index is designed to help investors benchmark their international investments and is derived from the FTSE Global Equity Index Series, which covers around 98% of the world's investable market capitalization. Using a sampling methodology in tracking the index, the fund invests in a sample of securities that collectively have a similar investment profile to the underlying index. Holdings are market-cap-weighted. The index is reviewed semi-annually in March and September.