The investment seeks to track the investment results of the MSCI Turkey Investable Market Index (IMI). The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index consists of stocks traded primarily on the Istanbul Stock Exchange (ISE). The underlying index may include large-, mid- or small- capitalization companies. The fund is non-diversified.
Put trades that are bought on or above the market's asking price OR call trades that are sold on or less than the market's bid price - expecting a move to the downside.