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The investment objective of the Fund is to track the performance of the FTSE Emerging Index, less fees and expenses. The Index is comprised of large- and mid-sized stocks in emerging markets. The Fund employs a passive management approach through physical acquisition of securities, investing in the constituents of the Index, or using a sampling process where full replication is not practicable. The Fund may use derivatives to reduce risk or cost and/or generate additional income or growth, and may engage in short-term secured lending of its investments. The Fund’s base currency is USD, and it invests in securities denominated in currencies other than USD, meaning that currency movements may affect returns. Income from the ETF Shares is reinvested and reflected in the share price.

The Fund seeks to track the performance of the FTSE Emerging Index. The Index is comprised of large and mid-sized company stocks in emerging markets. The Fund attempts to track the performance of the Index by investing in a representative sample of Index constituent securities and remain fully invested except in extraordinary market, political or similar conditions.