FLIN

About FLIN

Undernormal market conditions, the Fund invests at least 80% of its assets in the component securities ofthe FTSE India Capped Index and in depositary receipts representing such securities. The FTSE India CappedIndex is a free float-adjusted market capitalization weighted index maintained and calculated by FTSERussell with a capping methodology applied quarterly to issuer weights so that no single issuer of acomponent exceeds 25% of the FTSE India Capped Index weight, and all issuers with weights above 5% donot cumulatively exceed 50% of the FTSE India Capped Index’s weight. The FTSE India Capped Indexis based on the FTSE India Index and is designed to measure the performance of Indian large- and mid-capitalizationstocks. FTSE Russell determines eligible securities for the FTSE India Capped Index based on measuressuch as the company’s place of incorporation, listing country, investor protection regulationspresent in the country of incorporation, tax domicile, location of headquarters/factors of productionand currency of denomination. As of May 31, 2024, the FTSE India Capped Index was comprised of 234 securitieswith capitalizations ranging from $1.05 billion to $231.79 billion.The Fund, using a “passive”or indexing investment approach, seeks investment results that closely correspond, before fees and expenses,to the performance of the FTSE India Capped Index. The Fund may use either a replication strategy orrepresentative sampling strategy. Under a replication strategy, the Fund will replicate the componentsecurities of the FTSE India Capped Index as closely as possible (i.e., invest in all of the componentsecurities in their respective weightings in the FTSE India Capped Index). However, under various circumstances,it may not be possible or practicable to replicate the FTSE India Capped Index. In these circumstances,the Fund may use a “representative sampling” strategy whereby the Fund would invest in whatit believes to be a representative sample of the component securities of the FTSE India Capped Index,but may not track the FTSE India Capped Index with the same degree of accuracy as would an investmentvehicle replicating the entire FTSE India Capped Index. Under the representative sampling technique,the investment manager will select securities that collectively have an investment profile similar tothat of the FTSE India Capped Index, including securities that resemble those included in the FTSE IndiaCapped Index in terms of risk factors, performance attributes and other characteristics, such as marketcapitalization and industry weightings.TheFund may invest in equity futures (including equity index futures) and equity total return swaps to provideadditional opportunities to add value and better track the performance of the Fund’s UnderlyingIndex, such as to equitize cash and accrued income, simulate investments in the Underlying Index, facilitatetrading or minimize transaction costs.The Fund may enter into foreign currency forward contractsand/or currency futures contracts to provide the Fund with additional opportunities to add value andbetter track the performance of the Fund’s Underlying Index, such as by facilitating local securitiessettlements or protecting against currency exposure in connection with distributions to Fund shareholders.TheFund is a "non-diversified" fund, which means it generally invests a greater proportion of its assetsin the securities of one or more issuers and invests overall in a smaller number of issuers than a diversifiedfund.TheFund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industryor group of industries to approximately the same extent that the FTSE India Capped Index is concentrated.