BNY Mellon Brazil, Russia, India & China (Bric) Portfolio Series 9

The Trust seeks to invest, as of the Trust’s deposit date, in each of the securities included in the BNY Mellon BRIC Index. However, the Trust will only contain securities that are currently trading as of the initial date of deposit (the “Inception Date”). The Index is comprised of American depositary receipts (“ADRs”) and global depositary receipts (“GDRs,” and together with ADRs, “Depositary Receipts”) selected, based on liquidity, from a universe of all listed depositary receipts of companies from Brazil, Russia, India and China currently trading on U.S. exchanges. The companies in the universe are selected through a proprietary methodology developed by The Bank of New York Mellon (“BNY Mellon”), who also functions as the Trustee of the Trust. The Depositary Receipts in the Trust are denominated in U.S. dollars and designed for use in the U.S. securities markets. The Index is a subset of The Bank of New York Mellon ADR IndexSM (“BNY Mellon ADR Index”), which is an index that tracks all depositary receipts, New York shares and global registered shares that trade on the New York Stock Exchange (“NYSE”) and the Nasdaq Stock Market (“NASDAQ”).

The Trust’s portfolio will NOT be adjusted to reflect changes to the BNY Mellon BRIC Index and accordingly, the performance of the Trust will NOT correspond to the performance of the BNY Mellon BRIC Index.

The Sponsor will seek to create an initial portfolio that substantially replicates the BNY Mellon BRIC Index. As of the Inception Date, the Trust will generally include all of the securities comprising the Index in proportion to their weightings in the Index. The Sponsor may adjust weightings of the Index constituents to respond to diversification constraints, other regulatory requirements or the Sponsor’s analysis of liquidity in certain securities. Following the Inception Date, the Trust’s portfolio will NOT be adjusted to reflect any changes to the Index.

The BNY Mellon BRIC Index

The BNY Mellon BRIC Index tracks the performance of ADRs and GDRs that are listed for trading on the NYSE and NASDAQ of companies from Brazil, Russia, India and China which meet certain criteria. The universe includes all liquid U.S. exchange-listed ADRs and GDRs.

Index Construction

Eligible securities include all ADRs and GDRs of companies from Brazil, Russia, India and China, which are included in the BNY Mellon ADR Index and which meet the following criteria:

• Share price greater than or equal to $3.00.
• Minimum three-month average daily ADR trading volume greater than or equal to 25,000 shares, or 125,000 ordinary shares in the local market.
• Free-float adjusted market capitalization greater than or equal to $250 million.
• Passive foreign investment companies are excluded based upon the best information available.

Decisions regarding additions to and removals from the Index are made by the BNY Mellon ADR Index Administrator and are subject to periodic review by a policy steering committee known as The Bank of New York Mellon ADR Index Committee.

The Index is weighted based on a modified capitalization method, using an Index formula based upon the aggregate of prices times share quantities. The number of shares used in the Index calculation generally represents the entire class(es) or series of shares, adjusted for free-float, that trade in the local market and also trade in the form of depositary receipts in the U.S.

Adjustments to the Index are made to ensure that no single company and stock exceeds 23% of the Index and that, with respect to 55% of the Index, no single stock will represent more than 4.5% of the Index.

As with all investments, you may lose some or all of your investment in the Trust. No assurance can be given that the Trust’s investment objective will be achieved. The Trust also might not perform as well as you expect. This can happen for reasons such as these:

• Securities prices can be volatile. The value of your investment may fall over time. Market value fluctuates in response to various factors. These can include stock market movements, purchases or sales of securities by the Trust, government policies, litigation, and changes in interest rates, inflation, the financial condition of the securities’ issuer or even perceptions of the issuer. Units of the Trust are not deposits of any bank and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
• Due to the current state of the economy, the value of the securities held by the Trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers. Starting in December 2007, economic activity declined across all sectors of the economy, and most countries experienced increased unemployment. The economic crisis affected the global economy with European and Asian markets also suffering historic losses. Extraordinary steps have been taken by the governments of several leading countries to combat the economic crisis; however, the impact of these measures is not yet fully known and cannot be predicted.
• Share prices or dividend rates on the securities in the Trust may decline during the life of the Trust. There is no guarantee that the issuers of the securities will declare dividends in the future and, if declared, whether they will remain at current levels or increase over time.
• The performance of the Trust will NOT correspond with the performance of the Index. This is due primarily because the Trust’s portfolio will not be modified to reflect changes in the Index and the Trust is subject to sales charges and expenses.
• The Trust includes securities issued by small-capitalization and mid-capitalization companies. These securities customarily involve more risk than large-capitalization or more seasoned securities. Small-capitalization and mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
• The Trust invests in Depositary Receipts. The Trust’s investment in Depositary Receipts presents additional risk. ADRs are issued by a bank or trust company to evidence ownership of underlying securities issued by foreign corporations and are traded on a U.S. securities exchange. Securities of foreign issuers present risks beyond those of domestic securities. More specifically, foreign risk is the risk that foreign securities will be more volatile than U.S. securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls with respect to certain industries or differing legal and/or accounting standards.
• The Trust invests in the emerging markets of Brazil, Russia, India and China. Investing in emerging markets entails the risk that news and events unique to a country or region will affect those markets and their issuers. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets. These markets are generally more volatile than countries with more mature economies. See “Investment Risks” in Part A of the prospectus for more specific information about the risks of investing in the securities of companies located in Brazil, Russia, India and China.
• Certain Depositary Receipts held by the Trust may have preferred securities as the underlying securities. Preferred securities are typically subordinate to bonds and other debt instruments in a company’s capital structure in terms of priority to corporate income and therefore will be subject to greater credit risk then those debt instruments.
• Inflation may lead to a decrease in the value of assets or income from investments.
• The Sponsor does not actively manage the portfolio. The Trust will generally hold, and may continue to buy, the same securities even though a security’s outlook, rating, market value or yield may have changed.