This fund typically allocates a substantial portion—at least 80%—of its total assets, including any borrowed capital for investment, to companies operating within the water sector. Its investment strategy is guided by a proprietary, systematic index. This index, which employs a modified market capitalization weighting adjusted for publicly traded shares (float), is designed to monitor the stock performance of water-related businesses listed on exchanges in developed countries across the globe. The fund maintains a non-diversified portfolio.