Underlying components must derive 50% or more of their revenue, or be in the top five and have at least 10% of global market share, of any advanced battery material. The portfolio managers will also weight companies by screening the current balance between supply and demand for each Advanced Battery Material, forecasted demand growth, commodity price outlook, likelihood of new supply discovery and regulatory and geo-political risk.
Furthermore, allocations may be tactically adjusted based on the financial fundamentals of a company; the inventory and reserves of an Advanced Battery Material relative to its price; a company’s Environmental, Social and Governance (ESG) score; and the discovery of new reserves or other causes of increased or new Advanced Battery Material production.
Top holdings include Katanga Mng 4.2%, China Molybdenum 3.6%, Lundin Mining 3.5%, Sociedad Quimica Minera De Chi Spon 3.4% and Albemarle Corp 3.3%.
For more information on new fund products, visit our new ETFs category.