| Investment Objective: |
Impax Global Infrastructure ETF is an actively managed fund, and follows a sustainable investing approach, investing in companies that the Adviser believes are well positioned to provide infrastructure essential for the transition to a more sustainable global economy, integrating ESG analysis into portfolio construction and managing the portfolio within certain risk parameters relative to the Fund's benchmark universe of FTSE Global Infrastructure Opportunities Index companies. The Adviser defines "sustainable infrastructure" to mean infrastructure that conserves, enables or increases access to vital resources such as clean energy, water, food and agriculture, including resource and waste management, as well as other societal resources such as healthcare, education, finance, transportation, and data and communications that advance social well-being. The Fund will invest in equity securities (such as common stocks, preferred stocks and securities convertible into common and preferred stocks) of companies located around the world, including at least 40% of its net assets in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States, including those located in emerging market. |
