The investment seeks investment results that correspond to the total return of the MSCI Emerging Markets IndexSM that measures the investment return of emerging markets securities ("index"). Under normal market conditions, the portfolio invests at least 80% of its net assets in investments tied to the index. The index captures large- and mid-capitalization representation across 24 emerging markets countries and covers approximately 85% of the free float-adjusted market capitalization in each country. The fund is non-diversified.