The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
As part of its strategy, the fund employs a passive management investment strategy.
Next, the research team invests significantly in securities of the Index.
The Index is designed to measure the performance of a diversified group of publicly-listed companies considered to be Fintech Leaders.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
However, the fund may utilize a sampling methodology when it may not be possible or practicable to purchase all of the securities in the Index.
The fund will concentrate its investments in a particular industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries.
Additionally, the fund may invest up to 20% of its net assets in investments that are not included in the Index
The fund will not invest in cryptocurrency directly or indirectly through the use of derivatives.
The fund also will not invest in initial coin offerings.
However, the fund may have indirect exposure to cryptocurrency by virtue of its investments in companies that may use one or more cryptocurrencies as part of their business activities.
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
As part of its strategy, the fund employs a passive management investment strategy.
Next, the research team invests significantly in securities of the Index.
The Index is designed to measure the performance of companies that have business involvement in the development or use of or investment in new energy vehicles, autonomously driven vehicles, battery technology, renewable energy, and energy storage.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
However, the fund may utilize a sampling methodology when it may not be possible or practicable to purchase all of the securities in the Index.
The fund will concentrate its investments in a particular industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries.
Additionally, the fund may invest up to 20% of its net assets in investments that are not included in the Index.
