COLO

COLO provides solid exposure to Colombian equities. It invests at least 80% in securities of companies that are economically tied to Colombia. The broad Colombia equity universe includes firms incorporated, listed and conduct majority of operations in the country. To meet diversification requirements, the fund's underlying index employs a capping methodology, such that no group entity exceeds 25% of index weight and the aggregate weight of issuers with over 5% weight in the index are capped at 50% weight of the portfolio. The index is rebalanced quarterly. Furthermore, COLO has tinkered with its underlying index over the years. Since September 1, 2016, COLO tracks the MSCI All Colombia Select 25/50 Index, which features different liquidity requirements relative to its preceding underlying index, the MSCI All Colombia Capped Index. Prior to July 15, 2014, COLO tracked a FTSE index as well.