Industry description
The investment seeks to track the performance, before fees and expenses, of the BITA AI Magnificent 10 Select Index (the “Index”).
The index tracks the performance of 10 publicly-listed equity securities operating across the most critical business verticals of the AI value chain. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in AI Magnificent 10 Companies and/or financial instruments (such as options and swaps) that provide indirect exposure to AI Magnificent 10 Companies. It is non-diversified.