LAIQON – US Equity AI Optimized Active UCITS ETF is actively managed by reference to and seeks to outperform (after applicable fees) the ‘MSCI USA Screened Index’ (the “Benchmark”) over a recommended holding period of at least 5 years. As the Sub-Fund does not target any particular level of out-performance of the Benchmark, investors should note that there is a possibility that any outperformance of the Benchmark may be minimal, may be negatively impacted by fees and may not ultimately be achievable. The Sub-Fund is mainly exposed to the issuers of the Benchmark, however, the management of the Sub-Fund is discretionary and will be exposed to issuers not included in the Benchmark. The Sub-Fund monitors risk exposure in relation to the Benchmark, however, the extent of deviation from the Benchmark may be material.