Strategy. The Fund will generally invest at least 90% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing, LLC (the Index Provider), has contracted with S&P DJI Netherlands B.V. (a subsidiary of S&P Dow Jones Indices LLC or S&P DJI) to calculate and administer the Underlying Index, which seeks to track the performance of companies in global solar energy businesses. S&P DJI seeks to determine the universe of companies that are eligible for inclusion in the Underlying Index based on factors such as a companys business description and its most recent reported revenue. The Underlying Index includes companies listed on exchanges in specified countries that derive at … Show more… The Fund will generally invest at least 90% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing, LLC (the Index Provider), has contracted with S&P DJI Netherlands B.V. (a subsidiary of S&P Dow Jones Indices LLC or S&P DJI) to calculate and administer the Underlying Index, which seeks to track the performance of companies in global solar energy businesses. S&P DJI seeks to determine the universe of companies that are eligible for inclusion in the Underlying Index based on factors such as a companys business description and its most recent reported revenue. The Underlying Index includes companies listed on exchanges in specified countries that derive at least one-third of their total revenues from business activities in the solar industry. Examples of solar business activities include, but are not limited to: (1) solar power equipment producers, including ancillary or enabling products such as tracking systems, inverters, batteries, or other solar energy storage systems; (2) suppliers of raw materials, components, or services to solar producers or developers; (3) companies that produce solar equipment fabrication systems; (4) companies involved in solar power system installation, development, integration, maintenance, or finance; (5) companies that produce hydrogen using solar energy; (6) companies that provide solar-powered charging systems for electric vehicles or other electrical devices; (7) companies selling systems that use solar thermal energy to produce heat or electricity; and (8) companies that sell electricity derived from solar power. In order to be eligible for inclusion in the Underlying Index, stocks must be listed on a primary exchange in one of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, or the United States. Stocks must also meet certain liquidity requirements and adhere to certain environmental, social, and governance (ESG) screens relating to a company's governance or its business activities or involvement, as determined by the Underlying Index methodology. As of October 31, 2025, the Underlying Index was comprised of approximately 29 constituents, with market capitalizations that ranged from approximately $214.1 million to approximately $28.6 billion. The Fund employs a full replication methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index. The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the 1940 Act). Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of August 31, 2025, the Fund had significant exposure to the information technology sector and the solar and semiconductors industries. The Funds portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. Show less