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The following portfolio changes have been decided and will be implemented as of 2026-02-25:
The fund is both increasing and decreasing certain sub-strategies in order to raise exposure to electrification metals such as copper, silver, and uranium. In addition, the target weight for all holdings is being adjusted from 3% to either 4% or 2%.
As a result of these changes, the sub-strategy “Enabling Metals” will increase from 15% to a total of 20% (+5%). The sub-strategy “Generate Energy” will also increase from 15% to a total of 20% (+5%), including increased exposure to solar energy to a total of 10% (+1%) and nuclear energy to 10% (+10%). At the same time, exposure to energy companies will be reduced to 0% (–6%).
All holdings within the sub-strategies “Energy Storage” and “Energy Efficiency” will be adjusted from a target weight of 3% to 2%. As a result, each sub-strategy will decrease from 15% to 10%, representing a combined allocation of 20% (–10%).
With 60% allocated to companies enabling the electrification of our world and 40% allocated to physical precious metals (primarily gold) to provide robust portfolio protection – this results in a portfolio designed for long-term growth, with robust protection through physical precious metals (primarily gold).
The following holdings are included/excluded:
[New holding] Southern Copper – new target weight: 4% (0%)
[New holding] Hecla – new target weight: 4% (0%)
[New holding] Denison Mines – new target weight: 2% (0%)
[New holding] Cameco – new target weight: 4% (0%)
[New holding] NexGen – new target weight: 4% (0%)
[Excluded] Rio Tinto – new target weight: 0% (3%)
[Excluded] Brookfield Renewable – new target weight: 0% (3%)
[Excluded] NextEra – new target weight: 0% (3%)
