The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy Index (the \"underlying index\"). The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts (\"DRs\") representing securities in its underlying index. The underlying index consists of stocks traded primarily on the Milan Stock Exchange. Components primarily include energy, financial and utilities companies. The fund is non-diversified.