Description

This ETF aims to mirror the performance of the S&P 500 Scored & Screened Hedged to GBP Index by investing in its constituent companies, maintaining proportionate weightings consistent with the index. Its core objective is to replicate the index's overall price and total return performance, after accounting for all fees. While the fund's market trading price may diverge from its underlying net asset value (NAV), this specific share class is designed to mitigate the impact of exchange rate fluctuations between GBP and USD through its currency hedging strategy. The fund operates on a passive management basis, rather than employing active stock selection.