The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the index called the FTSE RAFI Developed ex US Mid Small 1500 Index (the "Underlying Index").
The fund normally invests in 90% of total assets in small capitalization stocks that comprise the Underlying Index and ADRs based on the stocks in the Index. It normally invests at least 80% Of total assets in small and medium capitalization companies that are classified as "developed" within FTSE's country classification definition, excluding the United States. It's nondiversified.