The investment seeks to track the investment results, before fees and expenses, of the Porter & Co. P&C Insurance Index. The fund invests at least 80% of its total assets in component securities of the P&C Insurance Index. It will generally use a 'replication' strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the P&C Insurance Index in approximately the same proportions as in the P&C Insurance Index. It is non-diversified.