The Fund is a passively managed Exchange-Traded Fund. This means shares in the Fund are listed and traded on one or more stock exchange(s). The investment objective of the Fund is to provide investors with investment results which, before expenses, correspond to the price and yield performance of the NASDAQ Global Buyback Achievers Index (Net Total Return) in USD (the Index) by replicating all of the constituents of the Index. The Index consists of shares of companies which are themselves constituents of the NASDAQ International BuyBack Achievers Index or the NASDAQ US Buyback Achievers Index.