The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the DAX Covered Call ATM Index (the Index). The Fund is passively managed. The Index each month measures the performance of a portfolio of the equity securities included in the Reference Index (defined below) while it also sells a succession of one-month at-the money covered call options on the securities in the Reference Index, which are held until the expiration dates (i.e., generally the third Friday of the month) (the Roll Date).