Defiance Ukraine Reconstruction UCITS ETF - EUR 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 considered central to Ukraine's economic recovery. 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 securities in proportion to the weightings comprising the VettaFi Ukraine Reconstruction Index (the Index). Companies eligible for inclusion in the Index universe (the Index Universe) are determined by the Index Provider to have relevant present or future exposure to sectors which are considered necessary for the rebuild, energy independence and defence of Ukraine. Securities of companies with a Ukrainian headquarters or which are incorporated in Ukraine or are identified by the Index Provider's research team to have significant Ukrainian operations are eligible for inclusion in the Index Universe. Additionally, the Index may invest up to 5% of its assets in collective investment schemes which have a Ukraine focused investment objective.