VEXC

VEXC seeks to track the performance of the FTSE Emerging ex China Index. The Emerging Markets ex-China ETF invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the index in terms of key characteristics. The FTSE Emerging ex China Index is a market-capitalization weighted index that is made up of common stocks of large- and mid-cap companies located in emerging markets around the world, excluding China. Under normal circumstances, the fund will generally invest all of its net assets in the securities comprising the index and in securities that the advisor determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. These key characteristics include the industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ratio and dividend yield.