The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays Emerging Markets Broad Local Currency Bond Index (the "underlying index"). The fund generally invests at least 80% of its assets in the securities of the underlying index and in investments that provide substantially similar exposure to the securities in the underlying index. The underlying index measures the performance of local currency-denominated sovereign bond markets of emerging market countries. The fund is non-diversified.