Objective
The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Solactive AgTech & Food Innovation v2 Index (the “Index”). The Fund is passively managed. The Fund will aim to achieve its investment objective by attempting to track the performance of the Index by investing primarily in a portfolio of equity securities and derivatives that as far as possible and practicable consists of the component securities of the Index in similar proportions to their weightings in the Index and in American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) based on the securities in the Index. The Fund is an ESG Fund, classified as an Article 8 fund pursuant to SFDR, and promotes improved environmental impact for farming and more sustainable food systems by investment in AgTech & Food Innovation Companies (as defined below) that are positioned to benefit from further advances in the fields of agricultural technology (“AgTech”) and food innovation through replicating the Index. The Index is designed to provide exposure to companies that are positioned to benefit from further advances in the fields of AgTech and Food Innovation. “AgTech & Food Innovation Companies” are those companies that derive at least 50% of their revenues, operating income, or assets from this sector. AgTech Companies include but are not limited to, companies whose principle business is precision agriculture and efficiency farming, farming robotics and automation, technology aligned with agricultural enhancements and agricultural biotechnology. Food Innovation companies include protein and dairy alternative businesses and food/waste reduction services. When not possible or practicable to continue to hold all of the component securities of the Index, the Fund may invest in depositary receipts relating either to components securities of the Index or to equity securities of the type referred to above; and financial derivative instruments (“FDIs”), namely, total return “unfunded” OTC swaps and exchange-traded equity futures for investment purposes. The Fund may enter into securities lending transactions, investing in repurchase and reverse repurchase transactions and collective investment schemes, for the purposes of efficient portfolio management only. The Fund’s base currency is USD.
- Leverage100
- Currency hedgingNo