NWLG

NWLG primarily invests in large-cap US companies exhibiting positive environmental, social and governance (ESG) factors that are relevant to their long-term financial performance. The fund specifically screens the Russell 1000 Index for both quantitative (focuses on companies' potential for above-average future earnings growth) and qualitative (consists of various ESG factors, as determined by independent ESG research providers) measures through a fundamental, bottom-up approach. An exclusionary screen is also applied to remove companies engaged in the manufacturing and production of: nuclear weapons, civilian firearms, tobacco and thermal coal. The fund is actively managed and may have a non-US exposure of up to 20%. Unlike traditional ETFs, NWLG's non-transparent structure does not disclose its actual holdings daily and instead publishes a "proxy portfolio” on its website. Actual holdings will be disclosed on a monthly basis with a 30-day lag.