Ossiam Lux SICAV - OSSIAM MSCI World UCITS ETF - 1C USD ACC

The Fund's objective is to replicate, before the Fund's fees and expenses, the performance of the MSCI World Index closing level. The MSCI World Index (the 'Index') is a total return index (net dividends reinvested) expressed in USD, calculated and published by MSCI (the 'Index Provider)'). For a detailed description of the Index, see section 'Description of the Index' of the Prospectus. The anticipated level of tracking error in normal conditions is 0.50% over a one-year period. In order to achieve its investment objective, the Fund will primarily use swaps with the objective of tracking the Index performance through synthetic replication. In that case, the Fund will invest in a portfolio of assets, the performance of which will be exchanged against the performance of the Index or a related index, or a portfolio of its constituents through swap agreements with a swap counterparty. This method implies a counterparty risk as described in the Risk and Reward Profile section of the Prospectus. The net asset value per Share of the Fund will therefore increase (or decrease) according to the evolution of the Index. The counterparty to the swaps will be a first-class financial institution that specialises in this type of transaction. The Fund may also enter into multiple swap agreements with multiple swap counterparties with the same characteristics as previously described. The Fund may, with due regard to the best interest of its Shareholders, decide to switch partially or totally from synthetic replication to physical replication. The Fund shall be permanently invested for a minimum of 60% in equities or rights issued by companies having their registered office in OECD countries. In addition, and on an ancillary basis, the Fund may use other derivatives for hedging and investment purposes, as described under 'Use of Derivatives, Special Investment and Hedging Techniques' in the Prospectus.