The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is designed to measure the performance of the oil and gas exploration and production sub-industry determined based on the GICS. The fund is non-diversified.
This information may not be used for corporate financing purposes (including, without limitation, ESG-linked loans, credit facilities, securities or structured products), as a basis for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities) or other products or services, to verify or correct data in any other compilation of data or index, to create any derivative works, nor to create any other data or index (custom or otherwise), without Ethos' prior written permission.
Overall impact, 'E', 'S', and 'G' ratings
Ratings for
Overall impact,
Environment,
Social,
and
Governance
assess impact on causes that are "material" to a company's industry.
For example, the energy industry has a larger impact on causes like
Climate Action
and
Sustainable Resource Use
than many other industries, so we consider these causes "material" for the energy industry and include them in an energy company's overall impact rating.
Overall impact ratings consider material causes across all ESG categories. Environment, Social and Governance ratings consider material causes within their respective categories.
Overall impact, E, S, and G ratings for funds represent the weighted-average scores scores of companies held by the fund.
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