LYXOR MSCI NORTH AMERICA UE

The investment objective of the ComStage MSCI North America TRN UCITS ETF is to provide investors with a return that tracks the performance of the MSCI Total Return Net North America Index. The Index is weighted on the basis of free float-adjusted market capitalisation and tracks the performance of the developed stock markets in North America based on their total return with reinvested net dividends. The net dividends reinvested in the Index correspond to the respective gross dividends less a fictitious withholding tax. Currently, the maximum withholding tax rate is applied in that regard, which applies to foreign-domiciled investors that do not benefit from a double-taxation treaty.