Swisscanto ETF Precious Metal - Swisscanto ETF Precious Metal Physical Gold USD A

The aim of the Swiss-domiciled collective investment scheme ("Fund") is to reflect the performance of physical gold in the long term. Investment in the Fund is an efficient alternative to a direct investment in physical gold. The Fund invests at least 90% of its assets in physical gold in the form of standard bars (approx. 12.5 kilos or around 400 ounces). The Fund is not actively managed. Losses incurred due to the gold price performance are not limited or offset. The Fund also has the following characteristics of importance to investors: 1) The Fund is an exchange traded fund (ETF) listed on the SIX Swiss Exchange. Investors may therefore buy or sell shares in the Fund on a daily basis during the trading hours of the exchanges. 2) The physical precious metal holdings are held in Switzerland in unallocated accounts with specialist institutions and are constantly monitored by the custodian bank. 3) The Fund's assets are free from third-party claims that arise typically through lending and borrowing transactions and are the sole property of the fund management company. All administrative tasks for the Fund are based on the official closing prices of the precious metals trading in London (Gold London PM Fixing). Investors may buy or sell the Fund on any banking day. The Fund has several share classes. These may differ with regard to the claim for physical delivery and the currency. Due to the physical precious metal investments that typically do not generate interest income, the share classes do not distribute any income to investors. The share class is denominated in GBP. This is hedged against the Fund's base currency. Recommendation: this fund may not be appropriate for investors who plan to withdraw their money within five years.