DRLL

DRLL attempts to use the power of shareholder engagement and proxy voting to influence energy companies. The issuer believes there is an opportunity for energy companies to focus on solving global demand for energy and abandon political agendas, specifically ESG-imposed constraints. The fund is passively managed, providing exposure to US stocks in the broad energy sector. From a starting universe of 1,000 US-listed companies, the fund selects companies in the energy industry or sector. With a broad interpretation of the segment that typically includes oil, coal, and natural gas companies, the portfolio may also hold companies that produce renewable or alternative energy. Single issuers are capped at 22.5%, and the aggregate weight of all issuers that individually exceed 4.5% of the portfolio will not be more than 45%. The cumulative weight of all issuers with an aggregate weight greater than 4.5%, does not exceed 45%. The index is rebalanced quarterly.