SNPD is a passively managed fund of companies that have consistently increased dividends while meeting certain environmental, social, and governance criteria. From an index universe representing US companies across the full market-cap spectrum, the fund considers stocks that have a policy of annual dividend increases for at least 20 years. The fund then excludes stocks that have no or low S&P DJI ESG scores. Furthermore, companies involved in relevant ESG controversies and specific business activities, as well as those against the principles of UN Global Compact, are screened out. The portfolio is weighted by their indicated annual dividend yield, subject to capping and basket liquidity constraints. The indicated annual dividend yield is measured by multiplying the latest dividend payment by the annual frequency of payments. The fund may invest in derivatives and engage in securities lending. The index is reviewed quarterly and rebalanced annually.