UBS MSCI Canada UCITS ETF

The UBS ETF - MSCI Canada UCITS ETF sub-fund will take proportionate exposure on the components of the MSCI Canada Index (Net Return) either through direct investments in all or substantially all of the component securities and/or through the use of derivatives in particular where it may not be possible or practicable to replicate the index through direct investments or in order to generate efficiencies in gaining exposure to the index. Exposure to the index through direct replication may be affected by rebalancing costs, while exposure to the index through derivatives may be affected by derivative trading costs. The use of OTC derivatives further engenders counterparty risk which is however mitigated by UBS ETF SICAV's collateral policy. The sub-fund will invest its net assets predominantly in shares, transferable securities, money market instruments, units of undertakings for collective investment, deposits with credit institutions, structured notes listed or dealt in on a regulated market and other assets eligible under the prospectus. Currency hedged share classes may also be available in the sub-fund. Fund income is not paid out, but instead will be reinvested. This share class is currency-hedged meaning that it aims to reduce the impact of currency fluctuations between its reference currency and the currency of the Index. For that purpose it sells currency forwards at the one-month forward rate in accordance with the hedging methodology of the Index's currency-hedged index variant, the MSCI Canada 100% hedged to CHF Index (Net Return).