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 Wind Energy v2 Index (the “Index”). 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 environmental characteristics by focusing on investments in Wind Energy 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 wind energy technology. Specifically, the Index will include securities issued by “Wind Energy Companies” as defined by Solactive AG, the Index Provider. “Wind Energy Companies” are those companies that derive at least 50% of their revenues, operating income, or assets from the following business activities: Wind Energy Systems: Companies involved in development, manufacturing, integration, and/or maintenance of turbine components and turbines that harness energy from the wind and convert it into electrical power. Wind Power Production: Companies that generate and distribute electricity from wind power. Wind Energy Technology: Companies that develop commercial and residential infrastructure and systems powered by wind energy, as well as residential and commercial scale batteries for electricity produced from wind power. Wind Power Integration & Maintenance: Companies that provide engineering and/or advisory services for the installation, maintenance, and/or utilization of wind energy at the residential, commercial, and industrial levels. 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's base currency is USD.
- Leverage100
- Currency hedgingNo