The Fund is passively managed and seeks to track performance of the Nasdaq-100 Sustainable ESG Select Index (the 'Index'). The Index is designed to measure the performance of domestic and international non f inancial companies listed on the Nasdaq Stock Market which meet certain Environmental, Social and Governance ('ESG') criteria while avoiding companies violating, or are at risk of violating, any of the UN Global Compact Principles and other international standards such as the OECD Guidelines and UN Guiding Principles. The Fund will seek to hold all of the shares of the Index, in the same proportions as the Index, so that essentially the portfolio of the Fund will be a near mirror image of the Index. In seeking to implement its investment objective of tracking the performance of the Index, the Fund may also in exceptional circumstances hold securities which are not comprised in its Index, including, for example, securities in respect of which there has been an announcement or it is expected that they will shortly be included in the Index. The Fund may, for the purpose of reducing risk, reducing costs or generating additional capital or income, use derivative instruments. The use of derivative instruments may multiply the gains or losses made by the Fund on given investment or on its investments generally. Currency hedged share classes may also be available in the Fund. This sub-fund promotes environmental and/or social characteristics but does not have a sustainable investment objective. The Fund will not enter into any securities lending. The return of the fund depends mainly on the performance of the tracked index. Investors other than authorized participants may not subscribe for shares directly with UBS (Irl) ETF plc, but may purchase and sell shares, through an intermediary, on one of the stock exchanges listed for the share class on the