9/5/2023 0 Comments Ishare commodity etfInvestments in securities are subject to market and other risks. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. A 5-star represents a belief that the stock is a good value at its current price a 1-star stock isn't. This process culminates in a single-point star rating that is updated daily. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. It is projection/opinion and not a statement of fact. The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. This limit may be raised to 35% for a single issuer when exceptional market conditions apply (as set out in section 4 of Schedule III). In order to replicate its Benchmark Index, this Fund may invest up to 20% of its Net Asset Value in shares issued by the same body. The Fund intends to replicate the constituents of the Benchmark Index by holding all the securities comprising the Benchmark Index in a similar proportion to their weightings in the Benchmark Index. In order to achieve this investment objective, the investment policy of the Fund is to invest in a portfolio of equity securities that as far as possible and practicable consist of the component securities of the S&P Commodity Producers Agribusiness Index, this Fund’s Benchmark Index. The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the S&P Commodity Producers Agribusiness Index. Investment Objective: iShares Agribusiness UCITS ETF USD (Acc) (GBP)
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