The investment seeks investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE Mining Service™ Index.
The fund will use a replication strategy. It will invest at least 80% of its total assets in the securities of the index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the index. The index tracks the performance of the largest and most liquid companies that are actively engaged in facilitating the operations of the mining services industry as a whole, as well as companies that actually engage in exploration and extraction. The fund is non-diversified.
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