| XHAM Exchange | US Country |
The company's core focus lies in providing its investors with exposure to a broad range of equities across both emerging and developed non-U.S. markets. Central to its investment strategy is the commitment to invest primarily in the securities that constitute the index, along with depositary receipts based on these securities. This methodology ensures that the fund closely mirrors the performance of its underlying index, which is a free float-adjusted market capitalization index designed specifically to capture the equity market performances of large- and mid-cap companies outside of the United States. By targeting at least 80% of its total assets in such securities, the fund aims to offer investors an effective way to diversify their investment portfolios across global equity markets while minimizing the risk associated with the concentration in any particular geography or sector.
The backbone of the fund's investment strategy is its commitment to invest substantially all of its assets in the securities that make up the index. This approach provides investors with a comprehensive exposure to a diversified portfolio of large- and mid-cap stocks in developed and emerging markets, excluding the U.S. By tracking the index, the fund aims to replicate its performance, thereby aligning closely with the market dynamics of the global equity market.
In addition to direct investments in the securities comprising the index, the fund also invests in depositary receipts based on these securities. Depositary receipts, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), offer investors a way to hold shares in equity of non-U.S. companies and participate in their potential growth. This aspect of the fund’s strategy not only enhances portfolio diversification but also provides flexibility in accessing foreign equity markets.