The Fund will normally invest at least 80 percent of its total assets in securities of the Index or in depositary receipts representing securities of the Index. The Index is designed to measure the performance of companies in the Indian financial market, including banks, financial institutions, housing finance, insurance companies and other financial services companies Indian Financial Companies. The securities market of India is considered an emerging market. Under normal circumstances, the Fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in the securities of Indian Financial Companies.