Pershing  Exchange-Traded Funds (ETF )Solutions

Pershing  Exchange-Traded Funds
(ETF )Solutions

This product is a United States Dollar (USD) based model structure that aims to meet the needs of clients who wish to invest in international investments – both fixed income and equity. To service the needs of our clients, we currently offer the following Model Types:

• Conservative
• Moderate
• Moderately Aggressive
• Aggressive

Portfolio Investment Sizes

All portfolios will have a minimum start value of US$10,000 and all clients must have an account opened on the Pershing platform to facilitate trading.

Management Fees

An annual fee equal is payable on the market value of the assets of the fund. This is payable in quarterly instalments calculated on the market value at the end of each calendar quarter.  Fees are as follows:

Transaction Fees

Most of the ETFs within these portfolios benefit from being zero-transaction ETFs that are solely available to the client through this product. However, from time to time, the Portfolio Manager may select securities outside of these zero-transaction ETFs in order to maximize returns to the clients. Transaction fees for these ETFs will be split amongst all portfolios, thus reducing the cost to the individual client. Other fees such as wire fees will be borne by the client.

Risk Disclosure

Risk: All investments, depending on their nature, carry a degree of risk and should be carefully considered before making any decision on an investment or transaction. Please discuss the details of this and all other risks associated with investments with your Wealth Management Professional.

The buyer of repurchase agreements and other investments are exposed to:
• Interest Rate Risk related to the fair value or future cash flows of a financial instrument
• Credit Risk or risk of loss of principle or interest from the seller’s failure to meet contractual obligations
• Counterparty Risk from the failure to adhere to contractual obligations by each party
• Liquidity Risk from the lack of marketability of an investment
• Operational Risk from the deficiency of the seller’s information and technology and controls system
• Compliance Risk or the risk of financial loss from non-compliance with applicable laws and regulations
• Investments are not deposits and accordingly are not insured

Rights and Obligations: The rights and obligations of the parties to a repurchase agreement are set out in the Master Repurchase Agreement you may enter into with us and which our Wealth Management Professionals will be happy to discuss with you.

Separate agreements and further documentation: Your decision to invest in some of the products and services mentioned in this brochure may require you to sign certain agreements. We recommend that you carefully read the terms and conditions which are contained in these agreements and which are applicable to the product or service you may request. You can also request further reading material on each product or service mentioned in this brochure that you may have an interest in. Our Wealth Management Professionals are available to provide clarification on any concerns that you may have. You are encouraged to seek further financial or other advice before making any investment decision.