ITSW FAQ

In general, the price of an ETF share can either rise or fall in line with the movement of the benchmark index. The purchase or sale of ETF shares is usually carried out on the stock exchange through a broker; ETF shares cannot be individually presented to the Management Company for sale or exchange for a corresponding block of shares.

Management Company for sale or exchange for a corresponding block of shares. Please review the Please review the Fund Constitution and Offering materials on this matter.

The value of shares included in the ITSW ETF may fluctuate and decrease significantly as a result of the activities of the respective issuers, as well as due to changes in the market or economic situation.

The Fund employs a passive investment strategy and pursues a full representation of the ITS World Index, mirroring the index's constituents as closely as possible in terms of security composition, risk factors and other characteristics. However, any passively managed index fund, due to temporary reasons, the need to round off the values of the number of securities in the portfolio and other factors, has minimal differences from the index, which is a mathematical model. These differences constitute the so-called tracking error, which fund managers try to minimize but which cannot be eliminated completely. Although the shares in the ITSW ETF are highly liquid securities traded on a global market, during periods of sharply deteriorating market conditions they may trade at significant spreads and discounts to the underlying values of the index. This can impact the tracking error, net asset value per share (NAV), and market value of the ETF shares.

ETF shares trade like other stocks and have important characteristics of other stocks, including investment risk and market value volatility, and therefore may trade at prices both above and below the net asset value per share (NAV). Brokerage commissions are not included in the TER value and can also reduce the financial results of investing.

Before making an investment decision, please study the investment objectives of ITSW ETF, the composition of securities, risks, the level of fees of the Management Company and the broker (exchange or MTF). Carefully read the offering materials and other documents of the fund on the website of the Management Company.

Investments in ITSW ETFs may be subject to the influence of general economic conditions, market fluctuations, and risks inherent in investing in the securities markets. The prices of investment instruments may change significantly due to a number of factors, including economic growth or recession, changes in interest rates and exchange rates, changes in the objective or perceived credit quality of issuers, general market liquidity, geopolitical events, and other factors. Local, regional and global events such as wars, terrorist attacks, pandemics, etc. may have a significant impact on the ITSW ETF and its related investments.