This exchange-traded fund (ETF) aims to replicate the price and yield performance, prior to its fees and operating costs, of the MSCI China Top 50 Select Index. To achieve this, the fund allocates at least 80% of its total assets to the securities comprising this benchmark, including American and Global Depositary Receipts (ADRs and GDRs) linked to those same equities. The underlying index itself is designed to identify the fifty largest Chinese equity securities, determined by their free-float market capitalization, from the pool of eligible Chinese companies as defined by the index administrator. This investment vehicle is classified as non-diversified.