Industry description
The investment seeks capital appreciation with a measure of downside protection by providing investors with returns that match the price return of the iShares MSCI Emerging Markets ETF.
The fund has adopted a policy pursuant to Rule 35d-1 under the 1940 Act to invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the iShares MSCI Emerging Markets ETF (the “Underlying ETF”). The fund is non-diversified.