The fund invests in equity securities of companies from around the world involved in the broad energy sector. Companies considered are involved directly or indirectly in exploration, development, production or distribution of energy and energyrelated products, or in activities in the energy sector. The fund selects oil and gas stocks based on proven management, strong balance sheet, lowcost operations, highquality proven reserves and consistent growth in annual production of crude oil and natural gas. Stocks are monitored and reviewed to ensure the desired relative values. The fund forecasts both crude oil and natural gas prices, diversifies its holdings between senior to junior producers, as well as services providers. It may also invest in cash and income trusts, as well as engage in securities lending. It may hold derivatives for hedging purposes. The fund attempts to also incorporate material ESG factors. As an actively managed ETF, the portfolio managers may make buy, hold, and sell decisions at any time at their discretion.