Market Access NYSE Arca Gold BUGS Index UCITS ETF

The Fund's objective is to replicate, as closely as possible, the performance of the NYSE Arca Gold BUGS Index (the "Index"). The Fund is passively managed. The Index is comprised of shares of gold mining companies. Index membership is restricted to those companies that do not protect against movements in the price of gold for periods longer than 1.5 years, meaning their share prices tend to move closely in line with the price of gold. Companies are screened by share price and number of shares issued, as well as tradability of shares. The two largest companies in the Index (by share price and number of shares issued) are assigned a weight of 15% and the third largest company a weight of 10%, the remaining companies in the Index are given equal percentage weights. The Index rebalances to those weights quarterly. The Index is calculated in USD. The Index assumes that dividends of Index constituents are reinvested in the Index net of taxes. In order to achieve its investment objective, the Fund invests in a portfolio of securities (whose composition can be viewed at marketaccessetf.com), and enters into a derivative agreement (the "Swap Agreement") with an investment bank, currently Barclays Bank Plc (the "Swap Counterparty"). Under the Swap Agreement, the Fund exchanges the performance of the portfolio of securities against the performance of the Index. The Fund and Share Class was launched on 11 January 2007. The Fund's currency is EUR. Distribution policy: The Fund does not distribute any income.

Synthetic replication - unfunded swap

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No