How this company measures up on the fundamentals that matter

The fund uses a “passive management” approach to track the performance, before fees and expenses, of the index. The index is constructed using a rules-based methodology that identifies companies in the banking industry with publicly traded ordinary shares listed on major stock exchanges in developed European markets, as classified by BITA GmbH. The index’s initial universe consists of all publicly listed equity securities for which sufficient relevant information is available from public sources

Five compliance checks based on AAOIFI standards — all must pass for ethical clearance

Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data

Trading characteristics and market positioning

Balance sheet strength and cash generation — the foundation of long-term value