ISIN: IE000WYTQSF9
Dear Shareholder
This letter is to inform you, on behalf of the board of directors of the ICAV (the Board) about proposed changes to the index that the Fund is tracking and related proposed changes to the supplement of the Fund (the Supplement).
Changes to the Index Methodology
The investment policy of the Fund is to invest, as far as possible and practicable, in all of the securities in proportion to the weightings comprising the INQQ The India Internet & Ecommerce ESG Screened Index (the Index). It is proposed to amend the environmental, social and governance (ESG) screens applied by the Index. The current ESG screens exclude companies which do not comply with the UN Global Compact principles and are involved in, linked, and/or derive a specified portion of their revenues from fossil fuels, conventional weapons, controversial weapons and/or tobacco production. Under the proposed amendments to the Index methodology, the current ESG screening criteria will be expanded to exclude companies from the Index universe which are involved in, linked, and/or derive a specified portion of their revenues from thermal coal. Finally, it is proposed to remove fossil fuels from the ESG screening criteria.
The proposed changes to the Index methodology do not significantly alter the asset type, credit quality, borrowing or leverage limits or risk profile of the Fund.
All other updates to the Index methodology are intended to clarify, rather than change, the Index methodology.
Change to the Index Name
It is proposed that the name of the Index will be changed to "INQQ The India Internet ESG Screened Index".
Change to the Fund Name
It is proposed that the name of the Fund will be changed to "INQQ India Internet UCITS ETF" or such other name as may be approved by the Central Bank.
It is proposed that these changes will be effective on or around 21st June 2024. The changes will be reflected in a revised supplement which will be noted by the Central Bank shortly thereafter.
If you have any queries or if any of the above is not clear you should seek advice from your stockbroker, bank manager, legal adviser, accountant or other independent financial advisor.
Any further information in relation to the above may be obtained by contacting info@hanetf.com. This notice will also be available at www.hanetf.com.
Capitalised terms used in this notice shall have the same meaning ascribed to them in the latest version of the Prospectus unless the context otherwise requires.
We thank you for your continuing support of the ICAV.
Yours faithfully
Manooj Mistry
Director
For an on behalf of
HANetf ICAV
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