KEY FEATURES AND RISKS:

• The W.I.S.E. – CSI 300 China Tracker® (the “Fund”) is an index-tracking fund which seeks to track the performance of the CSI 300 Index.
• The Manager intends to achieve the investment objective of the Fund by investing primarily in certain eligible A Shares via Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect (as the case may be) (Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are collectively referred to as "Shanghai and Shenzhen Connect" hereinafter below. Each of Shanghai and Shenzhen Connect is a securities trading and clearing linked programme with an aim to achieve mutual stock market access between mainland China and Hong Kong).
• Investment involves risks and the Fund may not be suitable for everyone. Past performance is not indicative of future performance. The Fund is subject to market and exchange rate fluctuations and to the risks inherent in all investments. Price of Units and the income (if any) generated from the Fund may go down as well as up. Investors could face no returns and/or suffer significant loss related to the investments. There is no guarantee in respect of repayment of principal.
• The Fund is subject to risks associated with the Shanghai and Shenzhen Connect, including: quota limitations, suspension risk, differences in trading day, operation risk, restrictions on selling imposed by front-end monitoring, recalling of eligible stocks, clearing and settlement risk, counterparty risk relating to brokers, risks relating to participation in corporate actions and shareholders’ meetings, regulatory risk and foreign exchange/currency conversion risk.
• The Fund is subject to PRC market/ emerging market risk/ single country concentration risk. The Fund invests primarily in securities related to a single country market (i.e. PRC market). The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the PRC market. Investing in an emerging market / the PRC market, may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, settlement risks, custody risk and the likelihood of a high degree of volatility.
• The Fund is subject to passive investment risk, tracking error risk, trading risks and trading differences risks.
• Based on professional and independent tax advice, the Fund currently will not make the following tax provision (i.e. 10% withholding income tax provision on realised and/or unrealised capital gains by the Fund in investing in A Shares via Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect). There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains realised in the PRC via trading of A shares through Shanghai and Shenzhen Connect or AXPs invested by the Fund (whether the AXPs previously invested when the Fund was a synthetic ETF or any AXPs that the Fund may invest in the future). Any future changes in the taxation policies in respect of the Fund’s investment in A Shares in the PRC will impact on the Fund’s returns. It is possible that any future announcement by the PRC tax authority may subject the Fund to unforeseen tax obligations, which may have retrospective effect.
• The Fund is subject to foreign exchange and RMB currency and conversion risks.
• The Units in the Fund may trade at a discount or premium to the Net Asset Value of the Units.
• The Manager will normally make distributions out of net income received or receivable by the Fund. However, in the event that the net income is insufficient to pay the distributions that it declares, the Manager may also, in its absolute discretion, determine that distributions be paid out of the capital of the Fund, or the Manager may, in its discretion, pay distributions out of its gross income while charging / paying all or part of its fees and expenses to/ out of the capital of the Fund, resulting in an increase in distributable income for the payment of distributions by the Fund and therefore, the Fund may effectively pay distributions out of capital. This may reduce the capital that the Fund has available for investment in future and may constrain capital growth.
• Investors should be aware that in circumstances where distributions are paid out of capital or effectively out of capital, this amounts to a return or withdrawal of part of the amount investors originally invested or from any capital gains attributable to that original investment. Any distributions involving payment of distributions out of capital or payment of distributions effectively out of capital (as the case may be) may result in an immediate decrease in the Net Asset Value per Unit.
• Investment involves risks and the Fund may not be suitable for everyone. Investors should carefully read the Prospectus of the Fund for further details, and should consider their own investment objectives and other circumstances before investing in the Fund.

Participating Dealers