CCNR

CCNR offers exposure to the global natural resources industry. The actively managed fund invests in equity securities of companies that derive at least half of their revenues from owning, exploring, or developing natural resources, as well as firms that produce or supply goods, equipment, or services principally to natural resources companies. Holdings are selected using a quantitative approach, which incorporates multifactor top-down and bottom-up analysis. The portfolio consists of various natural resources sub-industries, generally allocating 30-50% of its net asset to energy companies, 20-40% to agriculture companies, 10-30% to base metals and minerals, and 0-20% to precious metals and minerals. Individual security weights are capped at 5%. The fund may invest in companies of any market capitalization and geographic location, including emerging markets, without limitation.