RSX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Russia Index. The index includes securities, which may include depositary receipts, of Russian companies. A company is generally considered to be a Russian company if it is incorporated in Russia or is incorporated outside of Russia but has at least 50% of its revenues/related assets in Russia. Such companies may include medium-capitalization companies. Overall, RSX provides exposure to: The Nation’s First ETF Focused on Russia: Largest, most liquid Russia ETF versus competing U.S.-listed ETFs. A Value Opportunity: Russia’s equity market is currently offering deep discounts versus emerging markets as a whole.