Category: Open Ended Investment Company
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 Digitalisation 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 digitalisation industry. Companies included in the Index must generate at least 50% of their annual revenues from one or multiple predefined sectors relevant to the digitalisation theme, which fall under categories such as cybersecurity, cloud computing and financial technology. 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. Free float market capitalisation is the share price of a company multiplied by the number of shares available to international Investors. The Fund uses optimising techniques to achieve a similar return to its Index. These techniques may include the strategic selection of certain securities that make up the Index or other securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. 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. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index. Your shares will be accumulating shares (i.e. income will be included in their value). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency.