The investment seeks to track the investment results of an index composed of Australian equities.
The fund seeks to track the investment results of the MSCI Australia Index (the "underlying index"), which consists of stocks traded primarily on the Australian Stock Exchange. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include consumer staples, financials and materials companies. It generally invests at least 90% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The fund is non-diversified.