Description

The fund is passively managed to provide exposure to the broad Chinese equity market by holding a basket of American Depository Receipts (ADRs). To be eligible for inclusion, companies should be NYSE- or Nasdaq-listed and must meet investability and liquidity requirements, including a minimum market capitalization of $250 million. The index weights the resulting portfolio of Chinese ADRs by market-cap. Single issuer weights are capped at 20% and the aggregate weight of issuers with weights above 4.5% is capped at 45%. The index is rebalanced on a quarterly basis.