Tracking Error Risk. The fund may be subject to tracking error, which is the divergence of the fund’s performance from that of the underlying index. Tracking error may occur because of differences between the securities and other instruments held in the fund’s portfolio and those included in the underlying index, pricing differences, transaction costs incurred by the fund, the fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, the requirements to maintain pass-through tax treatment, portfolio transactions carried out to minimize the distribution of capital gains to shareholders, acceptance of custom baskets, changes to the underlying index or the costs to the fund of complying with various new or existing regulatory requirements. This risk
Tracking Error Risk. Tracking error is the difference between the performance of an ETF and its underlying benchmark. Tracking error can arise due to factors such as the impact of the Total Expense Ratio (TER), changes in the composition of the underlying benchmark and type of ETF (e physical vs synthetic). The TER of an ETF may include management fee and other fees and costs (e.g. transaction costs, stamp duties, costs for preparing financial reports and other prescribed documentation, legal and auditing fees, insurance costs, fees for custody services, etc.) – there is no universal definition. An ETF’s estimated TER is stated in the prospectus. The estimated TER of an ETF does not necessarily represent the fund’s tracking error because the fund’s Net Asset Value (“NAV”) may be affected by other factors, e.g. dividends and other income from the portfolio, and in the case of a synthetic ETF, the indirect costs borne by the fund may only be reflected in the market value of the derivatives it holds.
Tracking Error Risk. The investment objective of this product is to pursue the performance of the tracked target index before deducting its related costs. Its trend may be highly correlated with the trends of the tracked target, but it is not guaranteed to be correlated. Factors that affect correlation include manager fees, transaction costs, investment technology, liquidity, dividends, commissions, conversion costs and related income, etc., and there may be differences between the assets of this product and the index components of the tracked target, which may cause a gap between the net asset value of the product and the tracked index.
Tracking Error Risk. The goal of an ETF/ index fund is to track a specific market index, often referred to as the fund's target index. The difference between the returns of the index fund and the target index is known as a fund's tracking error. Tracking errors can have an unexpected material effect on an investor's returns. Trade Errors: Trade confirmations and account statements provided to you by Xxxxx shall be binding if you do not object, in writing, within three (3) calendar days in the case of trade confirmations, and ten (10) calendar days in the case of account statements, after transmittal to you by electronic delivery or otherwise. In the event a transaction error occurs in your account, you will need to notify Kedia to restore your account to the position it should have been in had the error not occurred.
Tracking Error Risk. There may be disparity in performance between an ETF and its underlying index/assets. Tracking errors can arise due to factors such as the impact of transaction fees and expenses incurred to the ETF, changes in composition of the underlying index/assets, and the ETF manager’s replication strategy.
Tracking Error Risk. While the Fund attempts to match the performance of the Index as closely as possible before the deductions of fees and expenses, the ability of the Fund to meet its investment objective depends to some extent on the cash flow in and out of the Fund. The Fund’s performance may be affected by factors such as the size of the Fund’s portfolio, transaction costs, management fees and expenses, and brokerage commissions and fees. Changes in the Fund’s cash flow may affect how closely the Fund tracks the Index.
Tracking Error Risk. Owing to associated expenses and variances in the composition between the fund's assets and the benchmark index, the ETFs may exhibit a discernible risk of deviation in their net asset value relative to the performance of the aforementioned index.
Tracking Error Risk. Due to factors such as fees and expenses, there is a risk of slight deviation between the ETF and the tracking index.
Tracking Error Risk. Due to fees and expenses, and slight differences between fund assets and tracking index components, there may be a slight deviation risk between the net asset value of U.S. stock ETFs and the tracking index.
