Strategy. The Fund normally invests at least 80% of its total assets in securities of Digital Assets Mining Companies, as defined below. The Index is a global index that tracks the performance of Digital Assets Mining Companies. Digital Assets Mining Companies are companies that engage in and/or assist digital asset mining activities, including mining-technology companies that provide hardware, software services or other technologies to companies engaged in digital asset mining activities, and companies engaged in digital asset-related projects that facilitate the adoption of digital assets. The Fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. The Fund also will not invest in initial coin offerings. Therefore the Fund is … Show more… The Fund normally invests at least 80% of its total assets in securities of Digital Assets Mining Companies, as defined below. The Index is a global index that tracks the performance of Digital Assets Mining Companies. Digital Assets Mining Companies are companies that engage in and/or assist digital asset mining activities, including mining-technology companies that provide hardware, software services or other technologies to companies engaged in digital asset mining activities, and companies engaged in digital asset-related projects that facilitate the adoption of digital assets. The Fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. The Fund also will not invest in initial coin offerings. Therefore the Fund is not expected to track the price movement of any digital asset. The Fund may, however, have indirect exposure to digital assets by virtue of its investments in Digital Assets Mining Companies that use one or more digital assets as part of their business activities or that hold digital assets as proprietary investments. To be initially eligible for inclusion in the Index, a Digital Assets Mining Company must (i) generate at least 50% of its revenues from digital assets mining activities or mining-related technology or (ii) have projects that, when developed, have the potential to generate at least 50% of their revenues from digital asset mining activities or mining-related technologies. In addition, Digital Assets Mining Companies that generate at least 50% of their revenues from other digital asset-related projects, including those that operate digital asset exchanges, payment gateways, software services, services to the digital assets industry, digital asset infrastructure businesses, companies facilitating commerce with the use of digital assets, or companies that otherwise generate revenues related to digital asset operations, are initially eligible for inclusion in the Index because such companies facilitate the adoption of digital assets generally, which supports the global digital asset mining segment. Digital assets are assets issued and transferred using distributed ledger or blockchain technology. As used herein, digital assets refers to all digital assets, including both digital asset securities ( i.e. , digital assets that are securities under U.S. securities laws) and cryptocurrencies. Many digital assets and, consequently, many Digital Asset Mining Companies, rely on blockchain technologies. A blockchain is a peer-to-peer shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. A blockchain stores transaction data in blocks that are linked together to form a chain. As the number of transactions grow, so does the blockchain. Blocks record and confirm the time and sequence of transactions, which are then logged into the blockchain, within a discrete network governed by rules agreed on by the network participants. Although initially associated with digital commodities, it can be used to track tangible, intangible and digital assets and companies in all business sectors. Digital Assets Mining Companies process, validate, and securely transfer digital assets. The digital asset mining industry is a necessary and core component of the digital asset ecosystem. Any party that chooses to participate in digital asset mining will run various computers and machines to solve a variety of math problems. As a result of solving these problems, the digital asset network is secured, and transactions are recorded and stored on the blockchain. For example, if someone (a sender) wanted to send two units of a digital asset to another person (the recipient), digital asset miners would play the role of processing, validating, and securely transferring the transaction. Due to Digital Asset Mining Companies providing value to the ecosystem, they are rewarded with newly issued units of the digital asset and/or transaction fees when they successfully validate and secure transactions. Digital Asset Mining Companies may include small- and medium-capitalization companies and foreign and emerging market issuers, and the Fund may invest in depositary receipts and securities denominated in foreign currencies. As of December 31, 2022, the Index included 20 securities of companies with a market capitalization range of between approximately $49.47 million and $33.77 billion and a weighted average market capitalization of $2.33 billion. These amounts are subject to change. The Funds 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days prior written notice to shareholders. The Fund, using a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. Unlike many investment companies that try to beat the performance of a benchmark index, the Fund does not try to beat the Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to track the Index. The Fund is classified as a non-diversified fund under the Investment Company Act of 1940, as amended (the Investment Company Act of 1940) and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of September 30, 2022, each of the information technology and financials sectors represented a significant portion of the Fund. Show less