DELISTED - The Fund is an exchange-traded fund (ETF). The Fund seeks to achieve its investment objective by attempting to replicate the portfolio of the CHXX Underlying Index through investments in equity securities, including, but not limited to, common shares traded on local exchanges, American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). ADRs and GDRs represent ownership interests in shares of foreign companies that are held in financial institution custodial accounts, and are traded on exchanges in the United States and around the world. The CHXX Underlying Index includes companies whose businesses involve: construction and engineering, construction materials, independent power producers, metals and mining, and wireless telecommunications services. Under normal circumstances, the Fund will invest at least 80% of its net assets in Chinese infrastructure companies included in the CHXX Underlying Index and generally expects to be substantially invested at such times, with at least 95% of its net assets invested in these securities. The Fund may invest in mid cap companies (i.e., those with market capitalizations between U.S. $2 billion and U.S. $10 billion). The CHXX Underlying Index is a maximum 30-stock index designed to measure the market performance of companies in the infrastructure industry, as defined by Indxx's proprietary methodology, in China. The CHXX Underlying Index consists of common stocks listed on the Hong Kong Stock Exchange and ADRs and GDRs. The Fund intends to replicate the constituent securities of the CHXX Underlying Index as closely as possible using ADRs, GDRs or ordinary local shares. In certain circumstances, when it may not be possible or practicable to fully implement a replication strategy, Emerging Global Advisors, LLC (EGA), investment adviser to the Fund, may utilize a representative sampling strategy whereby the Fund would hold a significant number of the component securities of the CHXX Underlying Index, but may not track the index with the same degree of accuracy as would an investment vehicle replicating the entire index. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the CHXX Underlying Index is concentrated. The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund can.
