Investment Objective: |
Blue Horizon BNE ETF uses a passive management (or indexing) approach to track the performance, before fees and expenses, of Blue Horizon New Energy Economy 100 Index. The Index consists of a portfolio of approximately 100 U.S. and foreign companies participating in the New Energy Economy . Companies eligible for inclusion in the Index are those included in the Blue Horizon New Energy Economy Universe (the BH Universe ), a proprietary database of companies in the New Energy Economy Sectors listed above. Companies in the BH Universe are then screened for investibility requirements including a market capitalization in excess of 200 million and a minimum average daily value traded of 1 million. Companies in the BH Universe are then further screened for relevance to their applicable New Energy Economy Sectors, and assigned a score based on revenue, market share, growth, and technology leadership relative to their New Energy Economy Sectors. Companies with stronger ties to the New Energy Economy Sectors receive higher scores, and the companies with the highest scores are included in the Index, subject to a maximum of 30 companies in any one New Energy Economy Sector. |