Investor suitability

For those who:

• want U.S. equity exposure on a currency unhedged basis
• want to receive regular quarterly cash flows (if any)
• can tolerate high risk

Notes

Underlying Index Guidelines

Fund overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Value Index^TM (the "Index"), net of expenses. The Fund invests in equity securities of the largest and most liquid U.S. issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to U.S. issuers which are considered to be "good value" based on characteristics like low price to earnings and low price to cash flow ratios. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index.

Fund/ETF Facts (2022-12-01)