| Investment Objective: |
Nomura Global Listed Infrastructure ETF seeks to deliver total return that consists of both capital growth and income by investing in infrastructure companies making a contribution to sustainable investment outcomes. Under normal circumstances, the ETF will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in global listed infrastructure companies that meet the Fund's sustainable investment criteria. The Fund will typically invest in "pure" infrastructure companies, which the Manager defines as companies that derive greater than 80% of their enterprise value from "pure" infrastructure assets, which typically consist of regulated utilities, such as electric and gas transmission and distribution, water and sewage energy infrastructure, which consists of energy transport and storage companies transportation, such as airports, toll roads, seaports and railways and communications, which includes cell phone tower companies. The Fund may invest in high quality companies of any size however, the Manager may exclude companies below a market capitalization of 2 billion that it deems not sufficiently liquid, and large capitalization companies that the Manager believes have limited free float. |
