HANetf ICAV
(the ICAV)
Important Notice to Shareholders
of
INQQ India Internet & Ecommerce
ESG-S UCITS ETF
(the Fund), a sub-fund of the
ICAV
28 May
2024
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.
END
