The value of stocks of information technology companies are particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition. Small and mid-cap companies are subject to greater and more unpredictable price changes than securities of large-cap companies.ĭefiance Next Gen Connectivity ETF (FIVG) This risk is magnified in emerging markets. Investments in foreign securities involve certain risks including risk of loss due to foreign currency fluctuations or to political or economic instability. The Funds are considered to be non-diversified, so they may invest more of its assets in the securities of a single issuer or a smaller number of issuers. The Funds are not actively managed and would not sell a security due to current or projected under performance unless that security is removed from the Index or is required upon a reconstitution of the Index.Ī portfolio concentrated in a single industry or country, may be subject to a higher degree of risk. Brokerage commissions will reduce returns. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. As an ETF, the funds may trade at a premium or discount to NAV. A hard copy of the prospectus can be requested by calling 833.333.9383. Please read it carefully before investing. The prospectuses contain this and other important information about the investment company. The Funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information.
All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally.
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