All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

As many of the companies invested in by CYBR are technology-focussed, CYBR is vulnerable to a cyclical decline in the value of the technology sector as a whole.

Individual companies are subject to intense competition that may negatively impact their revenues and market values and therefore CYBR’s value.

CYBR also invests in small publicly-traded companies which may be less mature and therefore more vulnerable to adverse business or economic events and greater and more unpredictable price changes than larger companies, the technology sector as a whole or the stock market as a whole.

CYBR invests in global equity securities. As such there is a risk of loss arising from exchange rate fluctuations or exchange control regulations.

Other: (1) Third party service providers (such as the ICAV’s depositary) may go bankrupt and fail to pay money due to CYBR or return property belonging to CYBR. (2) If the Index provider stops calculating the Index or if CYBR’s license to replicate the Index is terminated, CYBR may have to be closed. (3) It may not always be possible to buy and sell CYBR’s Shares on a stock exchange or at prices closely reflecting the Net Asset Value. (4) There is no capital guarantee or protection on the value of CYBR and investors can lose all the capital invested in CYBR. (5) Please refer to the “Risk Factors” section of the ICAV’s Prospectus and the Fund Supplement.