Toyota Motor Corporation ADRhedged (TMH)

Overview

The Series is a specialized investment entity that primarily focuses on acquiring American Depositary Receipts (ADRs) of the Toyota Motor Corporation. Under typical market conditions, the fund allocates at least 95% of its net assets to these ADRs. This strategic focus allows investors to gain indirect exposure to one of the leading automotive manufacturers in the world. In addition to investing in ADRs, the Series engages in a currency swap known as the Currency Hedge Contract. This contract is specifically designed to mitigate the risks associated with fluctuations in the exchange rate between the U.S. dollar and the Japanese Yen, ensuring that variations in currency value do not adversely affect the overall investment. It is important to note that the fund is categorized as non-diversified, meaning it does not spread investments across a wide array of assets or sectors, focusing instead on a concentrated investment strategy.

Products and Services

• American Depositary Receipts (ADRs)

  ADRs are a convenient method for U.S. investors to gain exposure to the international equity market, specifically the shares of foreign companies. The Series predominantly invests in ADRs of the Toyota Motor Corporation, providing investors with a straightforward way to participate in the performance of this global automotive leader.

• Currency Hedge Contract

  This financial product is utilized to protect the Series from the volatility that can arise from currency exchange rate changes. By implementing a Currency Hedge Contract, the fund aims to maintain a stable value for its investments, thereby reducing potential losses associated with adverse currency fluctuations between the U.S. dollar and the Japanese Yen.