MUL - Lyxor MSCI Russia UCITS - Dist 

The investment objective of the MULTI UNITSLUXEMBOURG ? Lyxor MSCI Russia UCITSETF (the ?Sub-Fund?) is to track both theupward and the downward evolution of theMSCI Russia IMI Select GDR Net Total Returnindex (the ?Index?) denominated in US dollars(USD) and representative of Russia large-cap,mid-cap and small-cap stocks listed on LondonStock Exchange through Depository Receipts(?DR?), while minimizing the volatility of thedifference between the return of the Sub-Fundand the return of the Index (the ?TrackingError?).