HAP

HAP tracks a global index of natural resource companies engaged in activities related to raw materials and commodities, including metals, energy sources and agricultural products. The fund considers companies that are generating or has the potential to generate at least half of their revenues from natural resources activities or mining projects. The index selects at least 10 companies from 6 sub-themes (agriculture, energy, renewable energy, industrial metals, precious metals, and forest & paper products), prioritizing the top 70% by market capitalization. When necessary, additional stocks are selected based on market-cap and liquidity. The portfolio is weighted through a tiered market-cap scheme that caps securities to 5%, while allocating 25% to Agriculture, 30% to Energy, 15% to Renewable Energy and Forest &Paper Products, and 30% to Metals. The index is reconstituted semi-annually and rebalanced quarterly. Prior to Mar. 15, 2024, the fund tracked the VanEck Natural Resources Index.