COAL

COAL seeks to mirror the performance of an index comprised primarily of companies within the metallurgical and thermal coal industry, encompassing those involved in coal production and logistics. Eligible enterprises are classified based on their coal-related revenue, categorized into pure play, pre-revenue and diversified organizations. The fund utilizes a market cap-weighted approach with limits for individual securities within each category to manage risk and ensure portfolio diversification. COAL's investments may also include MLPs capped at 25%. The fund holds securities of coal corporations globally, excluding China and Russia and follows specific composition and market-cap requirements for inclusion and continued presence in the Index. Reconstitution and rebalancing of the Index happen semi-annually, with the ability to make deletions at any time due to significant corporate changes. COAL can also allocate a portion of its assets to investments outside of the Index if deemed beneficial for tracking the Index's performance.