The above frequency distribution chart presents information about the difference between the daily market price for shares of the fund and the fund's reported NAV. The amount that the fund's market price is above the reported NAV is called the premium. The amount that the fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the fund's NAV is calculated (usually 4:00 p.m. EST).

**Covers the stub period only, from the fund's launch on July 9 through month-end