Strategy. The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Index, which was developed by Solactive A.G. (Solactive or the Index Provider) and Equileap (Equileap). Solactive constructs the Underlying Index using the Equileap Score, which is calculated based on data and the scoring methodology developed and produced by Equileap. The Underlying Index is designed to track the U.S. large-, mid- and small-capitalization companies that have the highest Equileap Score. The criteria and factors used to calculate the Equileap Score are in alignment with initiatives, research and programs of Girls Who Code Inc., a 501(c)(3) public charity, (Girls Who Code ). The index universe consists of the 1000 largest companies in the U.S. … Show more… The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Index, which was developed by Solactive A.G. (Solactive or the Index Provider) and Equileap (Equileap). Solactive constructs the Underlying Index using the Equileap Score, which is calculated based on data and the scoring methodology developed and produced by Equileap. The Underlying Index is designed to track the U.S. large-, mid- and small-capitalization companies that have the highest Equileap Score. The criteria and factors used to calculate the Equileap Score are in alignment with initiatives, research and programs of Girls Who Code Inc., a 501(c)(3) public charity, (Girls Who Code ). The index universe consists of the 1000 largest companies in the U.S. stock market. The Underlying Index includes an exclusionary screen that excludes companies that derive certain minimum amounts of revenue from: Unconventional Fossil Fuels: excluding companies with more than 5% revenue exposure to coal mining and power generation, hydraulic fracturing, oil & sands, and deep water drilling; Nuclear Energy: excluding companies with more than 10% of revenues derived from production, distribution or supports of products related to nuclear energy; Controversial Businesses: excluding companies with more than 10% revenue exposure to gambling, adult entertainment, alcoholic beverages and tobacco products, cannabis or military equipment; Controversial Weapons: excluding companies with any exposure to anti-personnel mines, biological and chemical weapons, cluster munitions, depleted uranium, and nuclear weapons; or Norms Based Research: excluding companies with verified infringement of established international initiatives and guidelines, including the Ten Principles of the United Nations Global Compact and Organisation for Economic Co-operation and Development (OECD) Guidelines, and other reports, research and guidelines from third-party organizations. The Underlying Index also excludes companies for a period of one year if, in the past two years the company has engaged in a pattern of unethical business practices involving discrimination against employees, which can include gender/sex, pay, maternity, or pregnancy discrimination, and unethical practices in the companys marketing and advertisement. After the exclusionary screens have been applied, all remaining securitie s are ranked according to the Equileap Score. A companys Equileap Score is derived by assigning a weight of 40% to how the company scores on gender balance in leadership and workforce, a weight of 30% to how the company scores on equal compensation and work life balance, a weight of 20% to how the company scores on policies promoting gender equality and a weight of 10% to how the company scores on commitment, transparency and accountability. Equileap determines a companys Equileap Score based upon its analysis of publicly available information, including annual reports, Corporate Social Responsibility reports, and other information available on the website of the company. Additionally, Equileap may obtain information from questionnaires sent to companies and will take those responses into account when Equileap is able to link the information to a publicly available source. Gender Balance In Leadership & Workforce Non-Executive Board: Percentage of male and female as a proportion of the total number of non-executive board members. Executives: Percentage of male and female executives as a proportion of the total number of executives. Senior Management: Percentage of male and female senior management, as a proportion of the total number of senior management. Workforce: Percentage of male and female employees at the company, as a percentage of total employees. Promotion & Career Development Opportunities: Ratio of male and female employees in management compared to ratio of each gender in total employees. Equal Compensation & Work Life Balance Fair Remuneration: Commitment to ensure payment of a fair wage to all employees. Equal Pay: Commitment to provide comparable wages, hours, and benefits, including retirement benefits, for all employees for comparable work. Parental Leave: Paid leave programs for child and dependent care to both women and men (maternity leave, paternity leave, dependent care). Flexible Work Options: Option for employees to control and/or vary the start/end times of the work-day and/or vary the location from which employees work. Policies Promoting Gender Equality Training and Career Development: Ensures equal access to training and career development. Recruitment Strategy: Commitment to ensure non-discrimination against any type of demographic group. Freedom from Violence, Abuse and Sexual Harassment: Prohibit all forms of violence in the workplace, including verbal, physical and sexual harassment. Safety at Work: Commitment to the safety of employees in the workplace and company-related travel. Human Rights: Commitment to ensure the protection of the rights of all people it works with including employees rights to participate in legal, civic and political affairs. Social Supply Chain: Commitment to reduce social risks in its supply chain such as forbidding business-related activities that condone, support, or otherwise participate in human trafficking, including for labor or sexual exploitation. Supplier Diversity: Commitment to ensure gender diversity in the supply chain, including a focus to ensure female-owned businesses in the supply chain. Employee Protection: Systems and policies for the reporting of internal ethical compliance complaints without retaliation or retribution, including but not limited to access to confidential third-party ethics hotlines or systems for confidential written complaints. Commitment, Transparency & Accountability Commitment to Womens Empowerment: Recognition and commitment to ensuring womens empowerment in the workplace. Audit: Undertaken and awarded an independent gender audit certificate by an Equileap- recognized body. The Underlying Index consists of the 75 securities with the highest Equileap Score, subject to constraints on component turnover and industry exposure. The Underlying Index is equally weighted and rebalanced quarterly. As of June 30, 2024, the market capitalization range of the Underlying Index was approximately $477.28 million to $1.28 trillion. As of June 30, 2024, the primary sectors within the Underlying Index were financials, consumer discretionary, and consumer staples. The Fund also may invest in one or more ETFs advised by the Advisor (Affiliated ETFs) that are not components of the index if such an investment will help the Fund track the Underlying Index. Show less