VEGI

VEGI targets its exposure to the initial phase of commodity production, within the global agriculture space. The fund includes stocks of companies involved in the production of fertilizers, agricultural chemicals and products, farm machinery and parts, or in packaged food and meats, as classified by GICS. The fund excludes companies that mainly derive their revenues from the lower end of the value chain, such as finished products like confectionaries and snacks. VEGI includes equities from both developed and emerging markets, with exposure to the whole market cap spectrum. It will invest at least 40% in issuers organized, located, or doing business outside the US. The fund is passively managed and the index is reviewed quarterly in February, May, August and November. Prior to Dec. 29, 2022, the fund was called iShares MSCI Global Agriculture Producers ETF.