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The investment seeks to track the MSCI Global China Infrastructure Exposure Index.
The fund will invest at least 80% of its total assets in components of the index, depositary receipts, including ADRs, representing such components and securities underlying depositary receipts in the index. The underlying index is designed to track the equity market performance of listed companies with high revenue exposure to Chinese infrastructure development in a specified set of industries relevant to the Chinese government's "One Belt, One Road" initiative, as determined by the provider of the underlying index. It is non-diversified.