The Fund normally invests at least 80 percent of its total assets in securities that comprise the Funds benchmark index. The Morningstar Global Markets ex-US Moat Focus Index is comprised of securities issued by companies that Morningstar, Inc. (Morningstar or the Index provider) determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (wide and narrow moat companies). Wide moat companies are those that Morningstar believes will maintain its competitive advantage(s) for at least 20 years. Narrow moat companies are those that Morningstar believes will maintain its competitive advantage(s) for at least 10 years. Wide and narrow moat companies are selected from the universe of companies represented in the Morningstar Global Markets ex-US Index (the Parent Index), a broad market index representing 97 percent of developed ex-US and emerging markets market capitalization. The Morningstar Global Markets ex-US Moat Focus Index targets a select group of equity securities of wide and narrow moat companies, which are those companies that, according to Morningstars equity research team, are attractively priced as of each Morningstar ex-US Moat Focus Index review.