The investment seeks to track the performance, before fees and expenses, of the BITA China Memory Index (the 'Index'). The index is designed to track the performance of companies listed on exchanges in mainland China and Hong Kong that are principally engaged in the China memory and storage semiconductor value chain. Under normal circumstances, the fund will invest at least 80% of the fund's net assets (plus borrowings for investment purposes) in investments that provide exposure to the component securities of the index. It is non-diversified.