Ossiam Bloomberg World PAB UCITS ETF - 1A (EUR)

Investment objective The investment objective of Ossiam Bloomberg World PAB UCITS ETF (the "Fund") is to replicate, before the Fund's fees and expenses, the performance of the Bloomberg PAB Developed Markets Large & Mid Cap Net Return Index (the “Index”) closing level. The Fund is a financial product that pursuant to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector promotes the reduction of carbon emissions through the replication of the Index. The Index is a Bloomberg Global Equity Paris-Aligned Index, which aims to provide long term return by investing in an equity portfolio seeking at least a 50% greenhouse gas intensity reduction compared to their corresponding Parent Index in any given year, and at least 7% reduction on average per annum relative to the Index itself. The Index uses the reference 1.5 °C temperature scenario, with no or limited overshoot, as referred to in the Special Report on Global Warming of 1.5 °C from the Intergovernmental Panel on Climate Change. The constituents of the Index are selected, weighted or excluded with the aim that the resulting benchmark portfolio’s carbon emissions be aligned with the objectives of the Paris agreement adopted under the United Nations Framework Convention on Climate Change, approved by the European Union on 5 October 2016. The Index aims to comply with the minimum technical requirements as set out by the European Commission’s delegated regulation dated 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards minimum standards for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks. The Index is expressed in the US dollar (USD) and is calculated and published by Bloomberg. The anticipated level of tracking error in normal conditions is 1.00% over a one-year period. For a detailed description of the Index, see section "Description of the Index" in the prospectus (the “Prospectus”). Investment policy To achieve its investment objective, the Fund will primarily invest, through physical replication, in all or part of the equity securities comprised in the Index and in substantially the same weights as in the Index. The Fund may hold only part of the Index Securities where full replication of the Index is not reasonably practical. The Reference Currency of the Fund isthe US dollar (USD). The 1A (USD) Shares are listed for trading on one or more stock exchanges and investors may buy or sell Shares through their usual broker on any trading day of the relevant stock exchange(s) which is also a Dealing Day in Ireland or, through a fund platform. Please contact your broker for additional information. The 1A (USD) Share Class is an accumulating share class therefore income derived from the Fund is reinvested. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within less than 5 years.