CQQQ

About CQQQ

TheFund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index, as well as American depositaryreceipts (“ADRs”) and global depositary receipts (“GDRs”) that represent securities in the Underlying Index.Strictlyin accordance with its guidelines and mandated procedures, FTSEInternational Limited (the “Index Provider”) compiles, maintains, and calculates the Underlying Index. The Underlying Indexis composed of securities that the Index Provider, pursuant to the Underlying Index methodology, has classified as being in the technologyindustry and that are constituents of the FTSE China Index or FTSE China A Stock Connect CNH Index. The Underlying Index may include ChinaA-Shares (shares of Chinese incorporated companies that may trade on the Shanghai or Shenzhen stock exchanges via a Stock Connect program(“Stock Connect Programs”)), B Shares, H Shares, N Shares, Red Chips, P Chips and S Chips. Underlying Index constituents aremodified market capitalization weighted. Asof December 31, 2023,the Underlying Index was comprised of 150constituents with market capitalizations ranging from $133.3million to $357.4billion. TheFund employs a “full replication” methodology in seeking to track theUnderlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to theirweightings in the Underlying Index.TheFund is “non-diversified” and therefore is not requiredto meet certain diversification requirements under the Investment Company Act of 1940, as amended (the “1940 Act”).ConcentrationPolicy. The Fund will concentrate its investments (i.e., investmore than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent thatthe Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investmentsin securities of issuers in any one industry or group of industries.As of October 31,2023, the Fund hadsignificant exposure to the information technology and communication services sectors. The Fund's portfolio holdings, and the extent towhich it concentrates its investments, are likely to change over time.