This exchange-traded fund (ETF) endeavors to replicate the price appreciation and income generated by the FTSE Nordic 30 Index, before factoring in its own fees and expenses. To achieve this objective, the fund allocates at least 80% of its total capital to the common stocks comprising the underlying index, as well as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) representing those same securities. The FTSE Nordic 30 Index itself is designed to reflect the stock market performance of companies based in Sweden, Denmark, Norway, and Finland.