Strategy. The Fund generally will invest at least 90% of its total assets in the securities, including American depositary receipts (ADRs) and global depositary receipts (GDRs), that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Bloomberg Index Services Limited (the Index Provider) compiles, maintains and calculates the Underlying Index, which is designed to track the companies that, in the view of the Index Provider, provide essential services and technologies to the global financial system utilizing research from Bloomberg Intelligence (BI) (an affiliate of the Index Provider) and industry classifications pursuant to the Bloomberg Industry Classification Standard (BICS). To be eligible for inclusion in the Underlying Index, a security must (i) be part of the Bloomberg developed … Show more… The Fund generally will invest at least 90% of its total assets in the securities, including American depositary receipts (ADRs) and global depositary receipts (GDRs), that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Bloomberg Index Services Limited (the Index Provider) compiles, maintains and calculates the Underlying Index, which is designed to track the companies that, in the view of the Index Provider, provide essential services and technologies to the global financial system utilizing research from Bloomberg Intelligence (BI) (an affiliate of the Index Provider) and industry classifications pursuant to the Bloomberg Industry Classification Standard (BICS). To be eligible for inclusion in the Underlying Index, a security must (i) be part of the Bloomberg developed markets universe (which as of the date of this prospectus, consists of Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Switzerland, Sweden, the United Kingdom and the United States); (ii) be classified by the Index Provider pursuant to BICS as a financial information services company or a security & commodity exchanges company, or be classified by BI as a enterprise fintech company within BIs capital markets category; (iii) qualify as a large-, mid-, or small capitalization company based on metrics developed by the Index Provider; (iv) have minimum free float market capitalization of $500 million; and (v) have a minimum 90-day average daily value traded of $5 million. Security types eligible for inclusion in the Underlying Index include common stocks and depositary receipts that represent securities in the Underlying Index. The Underlying Index may contain developed market securities that trade on non-U.S. exchanges and are denominated in non-U.S. dollar currencies. Tracking stocks are also eligible for inclusion in the Underlying Index. The Underlying Index is a modified market capitalization-weighted index, where the weight of a security is based on the number of securities selected for inclusion in the Underlying Index and issuer free float market capitalization. As of December 31, 2025, the Underlying Index was comprised of 33 securities with market capitalizations ranging from $1.59 billion to $1.73 trillion. The Fund employs a full replication methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index. Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of December 31, 2025, the Underlying Index had significant exposure to the financial data providers industry. The Funds portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. Show less