Description

The fund aims to reflect the returns generated over time through long positions in MSCI EAFE Index Futures that are, in turn, based on the performance of the MSCI EAFE Index. The latter measures the performance of large- and mid-cap developed-market equities outside the US and Canada. It also encompasses a number of regions and market segments/sizes. The notional portfolio of the index is invested into the first nearby contract of the MSCI EAFE Index Futures, and then rolled into the next nearby contract over a four-day period on a quarterly basis.