The Fund normally invests in securities comprising the Index. The Index is designed to track the performance of South Korean companies that have demonstrated high relevance to defense (Korea Defense Companies). Under normal circumstances, the Fund invests at least 80 percent of its net assets (plus the amount of any borrowings for investment purposes) in securities comprising the Index. The universe of eligible Index components consists of all the common stocks included in the Korea Composite Stock Price Index (KOSPI) and the Korea Securities Dealers Association KOSDAQ Index, each of which tracks common stocks listed on the Korea Stock Exchange that are categorized as comprising one of the following industries under the Akros Industry Classification System (AICS): Utility System Construction, Other Heavy and Civil Engineering Construction, Other Chemical Product and Preparation Manufacturing, Iron and Steel Mills and Ferroalloy Manufacturing, Nonferrous Metal (except Aluminum) Production and Processing, Industrial Machinery Manufacturing, Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, Motor Vehicle Manufacturing, Motor Vehicle Parts Manufacturing, Aerospace Product and Parts Manufacturing, Railroad Rolling Stock Manufacturing, Ship and Boat Building, Other Transportation Equipment Manufacturing, and Satellite Telecommunications. In addition, to be eligible for inclusion in the Index, a company must have a minimum market capitalization of at least dollar 300 billion Korean Won (approximately dollar 220 million U.S. Dollars as of August 1, 2024), a six-month average daily traded value of at least dollar 250,000, and a six-month average daily traded volume of at least 250,000 shares.