The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing at least 80 percent of its net assets (plus borrowings for investment purposes) in securities of Cleaner Planet companies. Cleaner Planet companies are global companies that contribute and benefit from the structural change towards a more sustainable economy including companies that have a distinct environmental and/or social impact objective, measured by the proportion of the company (e.g. sales, EBITDA, enterprise value, Capex, or other relevant metrics) that contributes positively to activities such as energy efficiency, renewable energy, pollution control, water supply & technology, sustainable buildings, waste management & recycling, sustainable agriculture & forestry, circular economy, dematerialized economy, or enabling technologies and infrastructure that support the aforementioned activities. Pictet Asset Management SA., the Funds investment adviser (Pictet AM SA or the Adviser), expects the Fund to have significant exposure to securities of issuers in the information technology, industrials and utilities sectors. Further, the Fund will, in the aggregate, invest more than 25 percent of its assets in securities of companies in the industries comprising the information technology sector.