INDA

INDA offers a solidly representative basket of stocks covering 85% of market-capitalization, lopping off the small caps from our broader MSCI benchmark. Such "LMID” exposure is common in harder-to-access-markets like India, and delivers an excellent approximation of the total market. Launched in early 2012, the fund will invest at least 90% of its assets in the component securities of the underlying index and in investments substantially identical to the same. The index is reviewed quarterly and rebalanced semi-annually.