HANetf ICAV - Sprott Silver Miners and Physical Silver UCITS ETF - USD ACC ETF

The investment objective of the Fund is to track the price and the performance, before fees and expenses, of an index that provides exposure to the performance of companies which are active in the silver mining industry and physical silver. In order to seek to achieve its investment objective, the Fund will adopt a 'passive management' investment strategy and will seek to employ a replication methodology, meaning as far as possible and practicable, it will invest in the equity securities of companies in proportion to the weightings comprising the Nasdaq Sprott Silver Miners & Physical Silver Index (the Index). The Fund may also use other transferable securities, being exchange traded commodities (ETC), in order to obtain exposure to Index constituents. The Fund may invest more than 20% of its assets in companies listed or traded in countries considered to be emerging markets by the Investment Manager. Given the exposure of the Sub-Fund to emerging markets, an investment in the Sub-Fund should not constitute a substantial portion of an investment portfolio and will not be appropriate for all investors To be eligible for inclusion in the Index, a security must be classified by the Index Provider as a common stock or a depositary receipt. The issuer of an eligible security must be classified by the Index Provider as a growing Silver Producer, Silver Developer or Silver Explorer. Classification is based on the definitions below. Additionally, an issuer must receive at least 25% of its revenue from activities relating to silver mining and physical silver (the Silver Intensity Score). All references to 'revenue' are references to gross revenue as reported in a company's most recently available audited financial statements.