HEWP

The investment seeks to track the investment results of the MSCI Spain 25/50 100% Hedged to USD Index (the "underlying index"). The fund generally will invest at least 90% of its assets in the component securities (including indirect investments through the underlying fund) and other instruments of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index primarily consists of stocks traded on the Madrid Stock Exchange with the currency risk inherent in the securities included in the underlying index hedged to the U.