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 Solar v2 Index (the “Index”). The Fund is an ESG Fund, classified as an Article 8 fund pursuant to SFDR, and promotes environmental characteristics by focusing on investments in Solar Companies (as defined below) through replicating the Index. The Index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of solar technology. Specifically, the Index consists of securities issued by “Solar Companies” as defined by Solactive AG, the Index Provider. “Solar Companies” are those companies that derive at least 50% of their revenues from the following business activities: Solar Energy Materials: Companies involved in the production of raw materials that are primarily used in photovoltaic solar cells or concentrating solar-thermal mirrors or lenses (including silicon, cadmium telluride, copper indium gallium deselenide, titanium dioxide, and/or perovskite). Solar Energy Systems & Components: Companies involved in the development and/or manufacturing of solar energy systems (and the components thereof) that harness energy from the photovoltaic effect or from sunlight to generate electricity. For example, a company involved in the production of solar panels may be categorized as having business activities related to Solar Energy Systems & Components. Solar panels consist of an arrangement of solar photovoltaic cells mounted in a framework for installation. Solar Power Production: Companies that generate and distribute electricity from light energy. Solar Technology: Companies that develop commercial and residential infrastructure, generators, and engines powered by solar energy, as well as residential and commercial scale batteries for electricity produced from solar power, and solar-powered charging systems for electric vehicles or other electric devices. Solar Installation, Integration & Maintenance: Companies that provide engineering and/or advisory services for the installation, integration, maintenance, and/or utilization of solar power at the residential, commercial, and industrial levels. The Fund's base currency is USD.
- Leverage100
- Currency hedgingNo