Sep 28, 2015 - The ETFS ISE Cyber Security GO UCITS ETF (ISPY) is designed to provide exposure to companies engaged prim
29 September 2017
ETFS ISE Cyber Security GO UCITS ETF ISPY Investment Objective
Product Information
The ETFS ISE Cyber Security GO UCITS ETF (ISPY) is designed to provide exposure to companies engaged primarily in cyber security business activities by tracking the performance of the ISE Cyber Security® UCITS Index (the "Index"). ISPY aims to replicate the performance of the index by physically investing and holding all constituents of the Index. ISPY is an Exchange Traded Fund ("ETF") which is tradable by investors on stock exchanges intraday and can be created and redeemed directly with the Issuer by Authorised Participants. ISPY is authorised and regulated as a UCITS and is eligible for investment by other UCITS.
Product Name
ETFS ISE Cyber Security GO UCITS ETF
UCITS Fund
Yes
Listing Date
28 September 2015
Domicile
Ireland
TER (%)
0.75
Base Currency
USD
Replication
Physical - Full replication
Distributions / Dividends
Reinvesting
Issuer
GO UCITS ETF Solutions Plc
Investment Manager
GO ETF Solutions LLP
Custodian
BNY Mellon Trust Company (Ireland) Limited
Registered in
Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland, United Kingdom
UK Reporting Fund Status
Pending
SIPP &ISA (UK) Eligible
Yes
Index Description The ISE Cyber Security® UCITS Index is comprised of companies actively involved in providing cyber security technology and services. In order to be eligible for inclusion in the Index, companies must be of a certain minimum size, their shares must be subject to minimum stock exchange trading volumes and they must be traded on recognised global stock exchanges. The companies comprised in the Index are either those which work to develop hardware and/or software that safeguards access to files, websites and networks, both locally and from external origins (“Infrastructure Provider”) or those that utilize these tools to provide consulting and/or cyber security services to their clients (“Service Provider”). The two groups are market cap weighted whereas the constituents within each group are equal weighted. The version of the ISE Cyber Security® UCITS Index tracked by the ETF is calculated in USD and on a Net Total Return basis which means that all cash dividends are reinvested in the Index net of withholding tax.
Index Information Index Name
ISE Cyber Security® UCITS Index Net Total Return Index
Index Provider
Nasdaq Global Indexes
Bloomberg Code
HURNTR
Reuters Code
.HURNTR
Website
https://indexes.nasdaqomx.com/
Trading Information Exchange
ISIN
Exchange Code
Currency (Trading)
Bloomberg Code
Reuters Code
London Stock Exchange
IE00BYPLS672
ISPY
GBX
ISPY LN
ISPY.L
London Stock Exchange
IE00BYPLS672
USPY
USD
USPY LN
USPY.L
Borsa Italiana
IE00BYPLS672
ISPY
EUR
ISPY IM
ISPY.MI
Deutsche Börse
DE000A14ZT85
USPY
EUR
USPY GY
ECUSPY.DE
SIX Swiss Exchange
IE00BYPLS672
ISPY
CHF
ISPY SW
ISPY.S
NYSE Euronext
IE00BYPLS672
ISPY
EUR
ISPY NA
ISPY.AS
Please see the glossary on page 3 for further explanations of the above terms. Investments may go up or down in value and you may lose some or all of the amount invested. You should consult an independent investment adviser prior to making any investment in order to determine its suitability to your circumstances. Please see the Education section of the ETF Securities website for more information on how this product works.
2
ETFS ISE Cyber Security GO UCITS ETF ISPY
Country / Sector Allocation of the Index
Top Holdings
95.9%
1
Sophos Group Rg
4.25%
2
QUALYS, INC.
4.22%
3
SPLUNK INC.
3.88%
4
SYMANTEC CORPORATION
3.86%
5
FIREEYE, INC.
3.66%
6
PALO ALTO NETWORKS
3.58%
7
CISCO SYSTEMS INC
3.57%
8
GIGAMON INC.
3.56%
9
BARRACUDA NETWORKS
3.49%
10
RAPID7 INC CMN STK
3.47%
4.1%
Risks An investment in the ETF involves a significant degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain their own independent accounting, tax and legal advice and should consult their own professional advisers to ascertain the suitability of the ETF as an investment. The value of the shares in the ETF is directly affected by increases and decreases in the value of the relevant index. Accordingly the value of a share in the ETF may go up or down and a shareholder may lose some or the entire amount invested.
Source : Solactive Weights as at 29 September 2017. The sum may not equal 100% because of rounding.
Index Performance Historical index performance based on investment from 1 October 2012 to 29 September 2017. This information is denominated in USD . ISE Cyber Security® UCITS Index Net Total Return Index
The ETF's ability to closely track the Index will be affected by its ability to purchase and/or sell the Index constituents and any legal or regulatory restrictions or disruptions affecting them. The ETF's ability to closely track the Index will also be affected by transaction costs and taxes incurred when adjusting its investment portfolio generally and/or to mirror any periodic adjustments to the constituents of the Index. There can be no certainty that Shares can always be bought or sold on a stock exchange or that the market price at which the Shares may be traded on a stock exchange will reflect the performance of the Index.
250
200
The ETF is subject to the risk that: (i) third party service providers (such as a bank entering into swaps with the ETF or the ETF's custodian) may go bankrupt or fail to pay money due to the ETF or return property belonging to the ETF (ii) a bank that has entered into swaps with the ETF may no longer be able to continue providing swaps on the same economic terms which would adversely affect an investor's returns.
150
100
As the index includes small and medium-sized publicly traded companies, the ETF is subject to the risk that such companies may be more vulnerable to adverse business or economic events and greater and more unpredictable price changes than larger companies or the stock market as a whole.
50
0 Oct-12
Sep-13
Sep-14
Sep-15
Sep-16
Sep-17
Note: The index performance shown here is a total return index. For total return indices, at the close of the trading day a security is quoted ex-dividend, dividends are reinvested across the entire index in proportion to the current weightings. The currency in which the index is priced is USD, however, the constituents of the Index may be denominated in multiple global currencies. Therefore, the index performance shown here will reflect movements in the exchange rates between the index currency (i.e. USD) and such various global currencies. The Fund is also denominated in USD. You may be adversely affected by movements between your investment currency and the various global currencies in which the constituents of the Index are denominated. Exchange rate risk should always be considered when analysing performance denominated in another currency. *For the period prior to 01 September 2015, the data shown is derived from the published index values which are based on simulated back-tested data. Simulated past performance data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Historical performance is not an indication of or a guide to future performance.
Index ISE Cyber Security® UCITS Index Net Total Return Index
YTD
2 Years
3 Years
4 Years
5 Years
17.0%
15.6%
49.5%
58.9%
94.4%
The ETF is subject to the risks associated with technology-focused companies and are particularly vulnerable to rapid developments in technology (which may leave their products out-of-date), government regulation and competition from domestic and foreign competitors who may have lower production costs. Such companies may also have difficulties establishing and maintaining patents, copyrights, trademarks and trade secrets relating to their products which could negatively affect their value.
3
ETFS ISE Cyber Security GO UCITS ETF ISPY
Glossary Authorised participant
Banks or other financial institutions that act as intermediaries between issuers of shares and other investors or intermediaries. Authorised participants subscribe for and redeem shares directly with the ETF and buy and sell those shares to investors/intermediaries either directly or via stock exchanges.
UCITS
The Undertakings for Collective Investment in Transferable Securities Directive (UCITS) are a set of European Union Directives that aim to harmonise, regulate and facilitate the offer of collective investment schemes in Europe by imposing certain requirements which collective investment schemes must meet if they are to be approved as UCITS products. This ETF is a UCITS compliant product.
Important Information:This financial promotion has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited ("ETFS UK") which is authorized and regulated by the United Kingdom Financial Conduct Authority (“FCA”). The products discussed in this document are issued by GO UCITS ETF Solutions plc (the "Company"), an open-ended investment company with variable capital having segregated liability between its subfunds and is organised under the laws of Ireland as a public limited company. The Company has been authorised by the Central Bank of Ireland (the "Financial Regulator") as a UCITS pursuant to the European Communities (Undertaking for Collective Investment in Transferable Securities) Regulations, 2003 and is structured as an umbrella company with multiple sub-funds. Each sub-fund may issue different classes of shares (the “Shares”). The Shares discussed in this document represent the ETFS ISE Cyber Security GO UCITS ETF (the "Fund"). This communication constitutes an advertisement within the meaning of Section 31 para. 2 of the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG); it is not a financial analysis pursuant to Section 34b WpHG and consequently does not meet all legal requirements to warrant the objectivity of a financial analysis and is also not subject to the ban on trading prior to the publication of a financial analysis. No investment advice: ETFS UK is required by the FCA to clarify that it is not acting for you in any way in relation to the investment or investment activity to which this financial promotion relates. In particular, ETFS UK will not provide any investment services to you and or advise you on the merits of, or make any recommendation to you in relation to, the terms of any transaction. No representative of ETFS UK is authorised to behave in any way which would lead you to believe otherwise. ETFS UK is not, therefore, responsible for providing you with the protections afforded to its clients and you should seek your own independent legal, investment and tax or other advice as you see fit. United States information: This document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares in the United States or any province or territory thereof, where none of the Company or any securities issued by it are authorised or registered for distribution and where no prospectus of the Company has been filed with any securities commission or regulatory authority. Neither this document nor any copy hereof should be taken, transmitted or distributed (directly or indirectly) into the United States. Neither the Company nor the Shares have been or will be registered under the United States Securities Act of 1933 or the Investment Company Act of 1940 or qualified under any applicable state securities statutes. No guarantee of accuracy: This document may contain independent market commentary prepared by ETFS UK based on publicly available information. ETFS UK does not warrant, guarantee or otherwise confirm the accuracy or correctness of any information contained herein and any opinions related to product or market activity may change. Any third party data providers used to source the information in this financial promotion make no warranties or claims of any kind relating to such data. Historical performance is no indication of future performance: Any historical performance included in this document may be based on back testing. Back testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such strategy would have been. However, back tested performance is purely hypothetical and is provided in this document solely for informational purposes. Back tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. No offer for sale: The information contained in this financial promotion is neither an offer for sale nor a solicitation of an offer to buy securities. This financial promotion should not be used as the basis for any investment decision. Risk Warnings: The Shares are products involving a significant degree of risk and may not be suitable for all types of investor. Any decision to invest should be based on the information contained in
the prospectus of the Company (or any supplements thereto) which includes, inter alia, information on certain risks associated with an investment. The price of any securities may go up or down and an investor may not get back the amount invested. Securities are priced in US Dollars and the value of the investment in other currencies will be affected by exchange rate movements. Prospectus : Investors should refer to the section entitled "Risk Factors" in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Company. The information in this document is designed solely for use in Austria, Denmark, Finland, France, Germany, the Republic of Ireland, Italy, Luxembourg, the Netherlands, Spain, Sweden, Switzerland and the United Kingdom and complies with the regulatory requirements of these jurisdictions only, and is not intended for residents of any other countries. The distribution of the prospectus and the offering, sale and delivery of Shares in other jurisdictions may be restricted by law. For Austrian investors: Investors should base their investment decision only on the relevant prospectus, the Key Investor Information Document, any supplements or addenda thereto, copies of the Memorandum and Articles of Association of the Company and the annual and semi-annual report, which can be obtained free of charge upon request at the Paying and Information Agent in Austria, Erste Bank der oesterreichischen Sparkassen AG, Graben 21, 1010 Wien, Österreich and on www.etfsecurities.com. For Dutch investors: The Fund has been registered with the Netherlands Authority for the Financial Markets following the UCITS passport-procedure pursuant to the Dutch Financial Supervision Act. For French investors: In France, this material is intended exclusively for professional investors (as defined under the MIFID) investing for their own account and this material may not in any way be distributed to the public. The Company is a UCITS governed by Irish legislation and approved by the Financial Regulator as UCITS compliant with European regulations although may not have to comply with the same rules as those applicable to a similar product approved in France. The Fund has been registered for marketing in France by the Authority Financial Markets (Autorité des Marchés Financiers) and may be distributed to investors in France. Copies of all documents (i.e. the prospectus, any supplements or addenda thereto, the latest annual reports, the memorandum of incorporation and articles of association and Key Investor Information Document) are available in France, free of charge, at the French Centralizing Agent, Société Générale, Securities Services, at 1-5 rue du Débarcadère, 92700 Colombes - France. Any subscription for Shares of the Fund will be made on the basis of the terms of the prospectus and any supplements or addenda thereto.
document will be distributed in Switzerland exclusively to qualified investors as defined in the Swiss Collective Investment Schemes Act and its implementing ordinance. The representative and paying agent in Switzerland is State Street Bank GmbH, Munich, Zurich Branch, Beethovenstrasse 19, 8027 Zurich, Switzerland. The prospectus, the key investor information document, the articles of association and the annual and semi-annual reports relating to the Company and the Fund and its sub-funds are available free of charge from the representative in Switzerland. As regards distribution in Switzerland, the place of jurisdiction and performance is at the registered seat of the representative. For United Kingdom investors: The Fund is a recognised scheme under section 264 of the Financial Services and Markets Act 2000 and so the prospectus may be distributed to investors in the United Kingdom. Copies of all documents (i.e. the Key Investor Information Document, the prospectus, any supplements or addenda thereto, the latest annual reports and semi-annual reports and the memorandum of incorporation and the articles of association) are available in the United Kingdom from www.etfsecurities.com. Third Parties: International Securities Exchange, LLC (“ISE”) and its respective affiliates do not guarantee the accuracy and/or the completeness of the ISE index or any data included therein and ISE and its respective affiliates shall have no liability for any errors, omissions, or interruptions therein. ISE and its respective affiliates make no warranty, express or implied, as to results to be obtained by the adviser, owners of the Fund, or any other person or entity from the use of the ISE index or any data included therein. ISE and its respective affiliates make no express or implied warranties, and expressly disclaim all warranties, of merchantability or fitness for a particular purpose or use with respect to the ISE index or any data included therein. Without limiting any of the foregoing, in no event shall ISE or its respective affiliates have any liability for any lost profits or indirect, punitive, special or consequential damages or losses, even if notified of the possibility of such damages.
For German investors: Investors should base their investment decision only on the relevant prospectus and the Key Investor Information Document. The offering of the Shares of the Fund has been notified to the German Financial Services Supervisory Authority (BaFin) in accordance with section 310 of the German Investment Code (KAGB). Copies of all documents (i.e. the Key Investor Information Document (in the German language), the prospectus, any supplements or addenda thereto, the latest annual reports and semi-annual reports and the memorandum of incorporation and the articles of association) can be obtained free of charge upon request at the Paying and Information Agent in Germany, HSBC Trinkaus &Burkhart AG, Königsallee 21-23, 40212 Düsseldorf and on www.etfsecurities.com.The current offering and redemption prices as well as the net asset value and possible notifications of the investors can also be requested free of charge at the same address. In Germany the Shares will be settled as co-owner shares in a Global Bearer certificate issued by Clearstream Banking AG. This type of settlement only occurs in Germany because there is no direct link between the English and German clearing and settlement systems CREST and Clearstream. For this reason the ISIN used for trading of the Shares in Germany differs from the ISIN used in other countries. For Swiss investors: The Fund of the Company described in this
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