The objective of the Fund is to track the performance of large cap U.S. materials companies in the S&P 500 Index. The Fund seeks to track the performance of the S&P Materials Select Sector Daily Capped 35/20 Index (the Index) as closely as possible. The Fund invests primarily in securities included in the Index. These securities include equity securities issued by large sized U.S. materials companies, which are included in the S&P 500 Index and have been classified as falling within the Materials sector in line with the Global Industry Classification Standard (GICS). The Fund will use a replication strategy to create a near mirror-image of the Index.