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An investment in the Fund may be subject to risks which include, among others, special risk considerations of investing in Indian issuers, active management, materials sector, health care sector, consumer discretionary sector, depository receipts, emerging market issuers, equity securities, large-capitalization companies, financials sector, foreign currency, foreign securities, high portfolio turnover, industrial sector, market, new fund, non-diversified, operational, small- and medium-capitalization companies, authorized participant concentration, no guarantee of active trading market, trading issues, fund shares trading, premium/discount risk and liquidity of fund shares, and cash transactions risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks.

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