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The investment objective of the Fund is to track, before fees and expenses, the price and yield performance of the MVIS Global Junior Gold Miners Index. The Fund seeks to achieve its investment objective by investing in a portfolio of stocks that, as far as possible and practicable, consists of all or substantially all of the component securities of the Index. The Index includes companies that generate at least 50% of their revenues from gold mining and/or silver mining, and may include companies and foreign issuers. At each quarterly review, the Index limits the maximum weight of any single stock to 7%. The Fund invests in the underlying physical securities that make up the Index and may use an optimised sampling methodology where full replication is not practical or cost-efficient.

The investment objective of the Fund is to track, before fees and expenses, the price and yield performance of the MVIS Global Junior Gold Miners Index. The Fund seeks to achieve its investment objective by investing in a portfolio of stocks that, as far as possible and practicable, consists of all or substantially all of the component securities of the Index. The Index includes companies that generate at least 50% of their revenues from gold mining and/or silver mining, and may include companies involved in mining and exploration. At each quarterly review, the Index limits the maximum weight of any single stock to 7%. The Fund may invest up to 15% of its net asset value directly in stocks listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange and no more than 20% of its net asset value in emerging markets. Where full physical replication is not practical or cost-efficient, the Fund may use an optimised sampling methodology.