The investment seeks to track the performance of MSCI BRIC index. The fund invests at least 80% of assets in component securities and in depositary receipts representing such securities. The Underlying index consists of stocks traded primarily on the BM&FBOVESPA, Russian Trading System Stock Exchange, Moscow Interbank Currency Exchange, National Stock Exchange of India, Shanghai Stock Exchange, Shenzhen Stock Exchange and the Stock Exchange of Hong Kong. The fund is nondiversified.