The Fund seeks to track the performance of the FTSE Qualified Global Convertible Index (the Index) as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund). The Fund invests primarily in securities included in the Index. These securities include the investable, global convertible bond market (including mandatory convertible bonds and perpetual convertible bonds). Qualifying fixed income securities may be investment grade (high quality) or noninvestment grade or unrated, may be issued with fixed or floating rates and must meet minimum size requirements in their local currency.