Description

This exchange-traded fund primarily allocates its capital to a portfolio of substantial and medium-sized American companies, mirroring the composition and weightings of the MSCI USA Prime Value Advanced Target Select 100% Hedged to GBP Index. Its core aim is to replicate, net of fees, the price performance and total returns of this specific index. While traded on exchanges, its market price may diverge from its net asset value. A key feature is the currency hedge, designed to mitigate potential gains or losses stemming from foreign exchange rate fluctuations when a US dollar-denominated asset is held in a non-US currency. The fund employs a passive management strategy.