The objective of the Fund is capital appreciation. The Fund tracks the daily performance of an equity index, called the MSCI Emerging Markets Index (Net Return) (the Index), less fees and costs and consequently is passively managed. The Index is a benchmark for the share performance of companies in emerging markets. It is well diversified and its components include companies in emerging market countries such as Brazil, China, India, Indonesia, South Korea, Malaysia, Mexico, Russia, South Africa and Taiwan.