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Stocks and Shares ISAObjective
The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the iSTOXX® FactSet Automation & Robotics Index, the Fund’s benchmark index (Index). The Share Class, via the Fund, invests in equity securities (e.g. shares) that, so far as possible and practicable, make up the Index. The Index reflects the performance of a subset of equity securities within the STOXX Global Total Market Index (TMI) (“Parent Index”) which derive significant revenues from the automation and robotics industry. Companies included in the Index must generate at least 50% of their annual revenues from one or multiple predefined sectors relevant to the automation and robotics theme, which fall under categories such as artificial intelligence, nanotechnology and manufacturing robotics. The Index methodology looks down through six layers of subsectors in order to provide a focused exposure to the specific theme. If a company’s aggregate revenue received from the pre-defined sectors drops below 45% it will be removed from the Index at the next rebalance. The Index may include small, mid and/or large capitalisation constituents of the Parent Index from both developed and emerging market countries globally. The Parent Index is free float market capitalisation weighted, however, each constituent of the Index is equally weighted at each Index rebalance. In order to gain exposure to certain securities in emerging markets that make up its Index, the Fund may invest in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). ADRs and GDRs are investments issued by financial institutions which give exposure to underlying equity securities.
- Leverage -
- Currency hedgingNo