| Investment Objective: |
The Fund seeks to track the investment results of the MSCI All Kuwait Select Size Liquidity Capped Index, which is designed to measure the performance of the Kuwait equity universe. The Underlying Index is a free float-adjusted market capitalization weighted index with a capping methodology applied to avoid concentration & targets to include at least 30 securities and 25 issuers. MSCI Inc. (the IndexProvider or MSCI) begins with the MSCI All Kuwait 30 Index (the Parent Index), which consists of equity securities of companies that (i) are classified in Kuwait according to the MSCI Global Investable Market Index Methodology, together with equity securities of companies that (ii) are either headquartered or listed in Kuwait and have a significant linkage to Kuwait (based on the geographic distribution ofany of the following criteria the company s shareholder base, revenues, assets, management, employee base, history and country of incorporation), as defined and measured by MSCI, or (iii) have an economic exposure (based on the geographic distribution of a company s revenues) greater than 10% of Kuwait, as defined and measured by MSCI, where the criteria outlined in (i) and (ii) do not result in the target number of securities and issuers. |
