Investment Objective: |
The ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P BMI North American Natural Resources Index. The Index comprises publicly traded large and mid-capitalization U.S. and Canadian companies in the natural resources and commodities businesses that meet certain investability requirements and are classified within the sub-industries of one of three natural resources categories: energy, materials or agriculture. The Index is a sub-set of the S&P Global Large Mid Cap Commodity and Resources Index (Parent Index). The Parent Index have a minimum float adjusted market capitalization of $1 billion and have a minimum three-month average daily trading value of $5 million. The Index consists of companies comprising the Parent Index that are domiciled in and pubicly traded principally in the U.S. or Canada. Each natural resources category includes companies classified within specific Global Industry Classification Standard (GICS) sub-industries according to the companys principal business activity. |