The investment seeks investment results, before fees and expenses, that track the performance of the Russell 2000 Laddered Autocall Index (the 'Index'). Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The index is designed to replicate the performance of a strategy that maintains a portfolio of equivalent autocallable notes linked to the Russell 2000 Index at weekly-staggered maturities. The fund is non-diversified.