EMEM

The investment seeks investment results that correspond to the Solactive Most Favored Nations Emerging Market Index. Under normal market conditions, the fund will invest at least 80% of its assets in component securities of the underlying index and in depositary receipts representing such securities. The underlying index is based on a proprietary methodology developed by the fund's sub-adviser, and is designed to identify securities of companies in "large liquid emerging market countries" based on a country selection model, and provide exposure to those securities on a free-float adjusted market capitalization-weighted basis. The fund is non-diversified.