Description

This fund functions as a passively managed, index-tracking investment vehicle, designed to largely replicate the price and income returns of the NYSE Arca Biotechnology IndexSM (known hereafter as the "Index"), prior to any fees or charges. The "Index" itself is a modified equally-weighted benchmark, specifically crafted to gauge the performance of a diverse range of companies within the biotechnology sector whose core business involves utilizing biological processes to create goods or deliver services.