Market Access Rogers Int. Comm. Index UCITS ETF

The Fund's objective is to replicate, as closely as possible, the performance of the Rogers International CommodityIndex (the "Index"). The Fund is passively managed. The Index tracks a basket of commodities (currently 38) from sectors such as energy, metals, livestock and agricultural commodities. Commodities are represented in the Index through commodity futures contracts which are standardised exchange traded contracts between two parties to buy or sell a commodity at a specified later date at a price agreed today. The Index is calculated in USD. 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 BNP Paribas S.A (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 8 May 2006. 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