Performance funds/ETFs

The objective of the Fund is to track the equity market performance of large US companies which historically have exhibited low volatility characteristics. The Fund seeks to track the performance of the S&P 500 Low Volatility Index (the Index) as closely as possible. The Fund invests primarily in securities included in the Index. These securities include US large cap companies. The Index measures the performance of the 100 least volatile stocks within the S&P 500 Index. The Fund seeks to hold all the securities of the Index with the approximate weightings as in that Index. The Fund will use a replication strategy to create a near mirror-image of the Index.