Objective
The Fund’s investment objective is to generate returns that closely correspond, before fees and expenses, generally to the price and yield performance of the Solactive Video Games & Esports 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 Index aims to provide exposure to exchange-listed companies that are positioned to benefit from increased consumption related to video games and esports (collectively “Video Games & Esports Companies”). A company must derive at least 50% of its revenues from video games and esports activities, as determined by the Index provider to be considered for inclusion in the Index. Video Games & Esports Companies include companies that (i) develop and/or publish video games, (ii) facilitate the streaming and distribution of video games and/or esports content, (iii) operate and/or own competitive esports leagues and/or competitive esports teams, and/or (iv) produce hardware used in video games and/or esports, including and virtual reality. 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