The fund aims to mirror the investment performance of the MSCI EAFE Adaptive Hedge to USD Index. It typically commits at least 80% of its total assets to the individual securities and other financial instruments that make up this index, or to other investments that possess economically comparable traits. The aforementioned index provides a standard measure for non-U.S. equity market performance, and notably, it actively manages the foreign currency risk of its underlying holdings by dynamically hedging them against the U.S. dollar.