Fund Description

The fund invests, under normal circumstances, at least 80% of net assets (plus borrowings for investment purposes) in common stocks and other equity securities of companies in certain global water indexes or substantially engaged in water-related activities, including water production, storage, transport and distribution; supply-enhancing or demand-reducing technologies; planning, control and research; conditioning such as filtering, desalination, disinfection and purification; sewage and liquid waste treatment; and related equipment, technology, consulting or engineering services. The portfolio managers select investments on a bottom-up basis. Companies' ESG practices are considered. It may invest in emerging markets, IPOs and derivatives, and is non-diversified.