EMIH

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive Emerging Markets Bond - Interest Rate Hedged Index. The fund will invest at least 80% of its total assets, but typically far more, in instruments that comprise the underlying index. The index is comprised of (a) long positions in U.S. dollar-denominated government debt issued by emerging market countries, and (b) short positions in U.S. Treasury notes or bonds of, in aggregate, approximate equivalent duration to the emerging markets sovereign debt. The fund is non-diversified.