Common use of Fractional Investing Clause in Contracts

Fractional Investing. 7.2.1. To provide the Client with a balanced portfolio regardless of the amount invested, the Bank system can attribute the Client a proportion of an ETF. This means that where the amount invested does not allow the Bank to construct a portfolio that is consistent with the Client’s risk appetite using whole shares, the Bank will round down to the nearest number of whole shares and create fractional entitlements. The Client’s portfolio will subsequently always be in line with his/her risk level and the rebalancing policy. 7.2.2. Where the Client holds fractional entitlements, the beneficial interest to them will be the Client’s alone. As with the Client’s whole ETF shares, the Bank will safeguard them for the Client as per its permissions and applicable rules.

Fractional Investing. 7.2.1. To provide the Client with a balanced portfolio regardless of the amount invested, the Bank ETFmatic’s system can attribute the Client a proportion of an ETF. This means that where the amount invested does not allow the Bank Service Providers to construct a portfolio that is consistent with the Client’s risk appetite using whole shares, the Bank Service Providers will round down to the nearest number of whole shares and create fractional entitlements. The Client’s portfolio will subsequently always be in line with his/her risk level and the rebalancing policy. 7.2.2. Where the Client holds fractional entitlements, the beneficial interest to them will be the Client’s alone. As with the Client’s whole ETF shares, the Bank Service Providers will safeguard them for the Client as per its their permissions and applicable rules.