BATS

The investment seeks investment results that correspond generally to the performance of the Barclays Global Aggregate Treasury Ex USD Issuer Diversified Bond Index (USD Hedged). The fund will normally invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in sovereign bonds and in instruments designed to hedge against its exposure to non-U.S. currencies. The index is designed to track the performance of investment grade sovereign debt publicly issued in the developed and emerging markets and denominated in the issuer's own domestic currency (excluding all securities denominated in U.S. dollars). It is non-diversified.