Tracking Error Risk. The fund may be subject to tracking error, which is the divergence of the fund’s performance from that of the underlying index. Tracking error may occur because of differences between the securities and other instruments held in the fund’s portfolio and those included in the underlying index, pricing differences, transaction costs incurred by the fund, the fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, the requirements to maintain pass-through tax treatment, portfolio transactions carried out to minimize the distribution of capital gains to shareholders, acceptance of custom baskets, changes to the underlying index or the costs to the fund of complying with various new or existing regulatory requirements. This risk
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