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 Disruptive Materials v2 Index (the “Index”). The Fund is passively managed. The Fund will aim to achieve its investment objective by attempting to replicate the performance of the Index by investing primarily in a portfolio of equity securities 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 Index is designed to provide exposure to global companies that produce metals and other raw or composite materials that have been identified as being essential to disruptive technologies such as lithium batteries, solar panels, wind turbines, fuel cells, robotics, and 3D printers. Solactive AG, the provider of the Index (the “Index Provider”) selects companies that are involved in the production of materials that the Index Provider has determined to be instrumental to the development and materialisation of one or more disruptive technologies. Disruptive technologies refer to those technologies that are essential to the development and materialisation of long-term, structural changes to existing products, services, industries, or sectors. Specifically, the Index will include securities issued by “Disruptive Materials Companies” defined by the Index Provider as those companies that derive at least 50% of their revenues in aggregate from the exploration, mining, production and/or enhancement of one or more of the following ten materials categories: Carbon Fiber, Cobalt, Copper, Graphene & Graphite, Lithium, Manganese, Nickel, Platinum & Palladium, Rare Earth Elements, and Zinc (collectively, “Disruptive Materials Categories”). 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