The Fund is a passively managed ETF. The objective of the Fund is to achieve the total return performance of the Bloomberg Emerging Markets USD Sovereign Index (the Index), less fees, expenses and transaction costs. The Index is comprised of fixed and floating-rate US-dollar denominated debt issued by emerging market governments and includes investment grade, high yield and unrated securities (unrated bonds may use an implied issuer rating when not rated by a credit rating agency such as Moodys, S&P, and Fitch).