NOTIFICATIONS

Notifications for investors and shareholders

 
 
Company

11 Aug 2022

Extraordinary General Meeting of ShareholdersAs the Company is still not able to resume normal trading process for its holdings, and as it is not possible to determine when the situation will get better, the Board considers that the dissolution of the Company is the most beneficial option for interests of shareholders. The dissolution of the Company allows to return investments to shareholders as soon as it becomes practically possible in the scope of developing situation with sanctions. It also will reduce ongoing costs of the Company to the minimum for the period before investments are returned. In accordance with these considerations, the Board of Directors of ITI Funds UCITS ETF SICAV wish to announce that an extraordinary General Meeting of shareholders will be held, without a physical presence of shareholders, at the registered office of the Company on 22 August 2022 at 10.30 a.m. In the agenda of the meeting the Board of Directors proposes to vote on dissolution of the Company, on putting it into the voluntary liquidation and on the appointment of the Liquidator. Under Luxembourg law, the quorum for the Meeting requires the proxy voting of the shareholders representing at least 50% of the share capital of the Company. If this quorum requirement is not met, another Meeting will be convened, at which no quorum will be required.

18 Jul 2022

Current status of the Fund assets and activitiesITI Funds UCITS ETF SICAV still isn’t able to resume NAV calculation, subscriptions and redemptions (including direct redemptions). The two compartments of ITI Funds UCITS ETF SICAV (the Fund), namely ITI Funds Russia RTS Equity UCITS ETF SICAV and ITI Funds Russia-focused USD Eurobond UCITS ETF SICAV, are entirely invested in Russian securities and continue to keep holdings in the custody. The Fund doesn’t use derivatives, total return swaps and borrow cash for investment and hedging purposes, thus it faces no collateral problems. However, due to various sanctions, notably by the European Union and the United States of America against the Russian Federation, the restrictions applied by the Russian Federation, and amongst others, due to current situation with the trading / settlement of Russian securities held in sub-custody by Russian banks / depositaries, due to trading restrictions for Russia-related securities, applied by counterparties, the current situation makes it impossible for the Fund to resume normal trading processes for its holdings. Thus the Board of Directors of ITI Funds UCITS ETF SICAV still keeps the suspension of NAV calculation, subscriptions and redemptions, which was applied on March 1, 2022. Due to suspension of the NAV calculations, subscriptions and redemptions (including direct redemptions), the exchange trading for both of compartments of the Fund is also kept suspended. The Board of Directors, the Management Company and the Fund Legal keep attention on the situation and Shareholders will be notified once any subsequent decision is made by the Board.

30 Jun 2022

Annual Report for year 2021Annual Report and Audited Financial Statements for the period from 01 Jan 2021 to 31 Dec 2021 are published.

20 May 2022

Appointment / resignation of DirectorsThe Board of Directors of ITI Funds UCITS ETF SICAV wish to announce the resignation of Natalia Petrova from the Board for business reasons and appointment of Oleg Zhelezko as a Director. The resignation and the appointment are effective since 09 May 2022.

09 Mar 2022

Suspension of listing and tradingAs the result of discussion with Euronext Dublin on the situation with trading and settlement restrictions for Russian securities, and considering the suspended NAV calculation, the Board of Directors of ITI Funds UCITS ETF SICAV approved a voluntary suspension of listing on Euronext Dublin and suspension of listing/trading on other exchanges until the improvement of situation with the trading and settlement restrictions.

03 Mar 2022

Suspension of subscriptions, redemptions and calculation of Net Asset ValueThe Board of Directors of ITI Funds UCITS ETF SICAV wish to announce that due to the current market closure, restrictions on both of the sale of underlying assets and the inability for an ETF to be traded on the Moscow Exchange, the calculation of the net asset value (“NAV”), subscriptions and redemptions of shares are suspended for sub-funds as per decision of the Board of Directors from March 1, 2022 with immediate effect until further notice. The decision is based on clause 12 of the Articles of Incorporation and clause 23 of the General Section of the Prospectus. The decision is notified to the Commission de Surveillance du Secteur Financier (CSSF), the competent supervisory authority of the Fund.

03 Mar 2022

Non-dealing daysThe calendar of non-dealing days for year 2022 is updated due to updates in Moscow Exchange trading calendar and decision of the Board on suspension of subscriptions, redemptions and calculation of Net Asset Value.

22 Dec 2021

Non-dealing daysThe calendar of non-dealing days for year 2022 is published.

11 Jun 2021

Non-dealing daysThe calendar of non-dealing days for year 2021 is updated due to updates in Moscow Exchange trading calendar.

25 May 2021

Annual Report for year 2020Annual Report and Audited Financial Statements for the period from 01 Jan 2020 to 31 Dec 2020 are published.

22 Apr 2021

Appointment / resignation of DirectorsThe Board of Directors of ITI Funds UCITS ETF SICAV wish to announce the resignation of Gleb Yakovlev from the Board for business reasons and appointment of Natalia Petrova as a Director. The resignation and the appointment are effective since 01 Apr 2021.

30 Dec 2020

Non-dealing daysThe calendar of non-dealing days for year 2021 is published.

11 Dec 2020

Non-dealing daysThe calendar of non-dealing days for year 2020 is updated due to updates in Moscow Exchange trading calendar.

31 Aug 2020

Non-dealing daysThe calendar of non-dealing days for year 2020 is updated due to updates in UK related calendar.

22 Jun 2020

Non-dealing daysThe calendar of non-dealing days for year 2020 is updated due to updates in Moscow Exchange trading calendar.

11 Jun 2020

Annual Report for year 2019Annual Report and Audited Financial Statements for the period from 01 Jan 2019 to 31 Dec 2019 are published.

03 Mar 2020

Non-dealing daysThe calendar of non-dealing days for year 2020 is updated due to updates in Moscow Exchange trading calendar.

27 Dec 2019

Non-dealing daysThe calendar of non-dealing days for year 2020 is published.

07 Nov 2019

Annual Report for years 2017-2018 is revisedAnnual Report and Audited Financial Statements for the period from 04 Aug 2017 to 31 Dec 2018 is revised by KPMG and the revised versions are published. Missing paragraph that is required by the EU Regulation has been included by KPMG into the revised versions.

16 Oct 2019

Non-dealing days updateThe calendar of non-dealing days for year 2019 is updated due to updates in Moscow Exchange trading calendar.

28 Jun 2019

Annual Report for years 2017-2018Annual Report and Audited Financial Statements for the period from 04 Aug 2017 to 31 Dec 2018 are published.

24 Apr 2019

Non-dealing days updateThe calendar of non-dealing days for year 2019 is updated due to the new public holiday in Luxembourg.

09 Jan 2019

Non-dealing daysThe calendar of non-dealing days for year 2019 is published.

19 Dec 2018

Non-dealing days updateThe calendar of non-dealing days for year 2018 is updated due to updates of Moscow Exchange trading calendar.

23 Apr 2018

Non-dealing daysThe calendar of non-dealing days for year 2018 is published.

14 Jan 2018

Appointment / resignation of DirectorsThe Board of Directors of ITI Funds UCITS ETF SICAV wish to announce the resignation of Denis Albert from the Board for business reasons and appointment of Nikolay Dontsov as a Director. The resignation and the appointment are effective since 07 Mar 2018.

Russia RTS Equity UCITS ETF (RUSE)

22 Dec 2021

RTS Equity ETF changes its nameOn the 20 Dec 2021 the Board of ITI Funds UCITS ETF SICAV has decided to change name of ITI Funds RTS Equity UCITS ETF SICAV into ITI Funds Russia RTS Equity UCITS ETF SICAV as from 22 Dec 2021. It was also decided to update the dividend distribution month in the Prospectus to December for the Russia RTS Equity ETF.

02 Dec 2021

Dividend for year 2021On the 30 Nov 2021 the Board of ITI Funds UCITS ETF SICAV has approved dividend USD 1.16 per A (USD) class share with ex-dividend date 09 Dec 2021, record date 10 Dec 2021 and payment date 15 Dec 2021.

10 Aug 2021

Actions to restore and sustain secondary market pricesITI Funds UCITS ETF still continues to work on resolving of technical complications with the Common Depositary Nominee which provides access to Euroclear and Clearstream. In the scope of this work the Board has achieved temporary solution and as the result – the settlement of subscription on RTS Equity UCITS ETF SICAV shares (ISIN LU1483649312) for a market-maker in July. The measure helped market-maker to return quotes at MOEX and to decrease the difference between market price and iNAV. The Board works on further provision of shares to the market-maker within coming 1-2 weeks, which is targeted for return of exchange price levels to iNAV.
To keep the difference between iNAV and exchange prices limited and to prevent potential negative effects to retail investors, the Board could take in consideration future request for suspension of evening after-hours trading for RTS Equity UCITS ETF SICAV shares at MOEX on the temporary basis until the situation with exchange prices is improved.
We also would like to remind Investors that it is necessary to consider ETF NAVs / iNAVs before making a decision on purchasing or selling of ETF shares. For ITI Funds RTS Equity UCITS ETF SICAV are available on daily basis:
NAV on London Stock Exchange;
iNAV in RUB on Moscow Exchange.
The difference between exchange price and NAV/iNAV may appear for some period, however, price always returns back to the NAV/iNAV levels.

09 Jul 2021

Restoration of secondary market pricesDue to recent technical complications with Common Depositary Nominee, providing access into Euroclear and Clearstream, market-makers in RTS Equity UCITS ETF were not able to subscribe for Company shares. In the scope of high market demand the shortage of RTS Equity UCITS ETF shares has resulted in difference between sub-fund Net Assets Value (further as “NAV) and exchange prices on some Exchanges.
Directors of the Company and the Central Administrator agreed solution and further infrastructure changes to avoid such a situation in the future. We expect market-makers to receive shares and to restore quoting and price levels in several days. We also would like to remind Investors that it is necessary to consider ETF NAVs / iNAVs before making a decision on purchasing or selling of ETF shares. NAVs for ITI Funds ETFs are available on daily basis on Euronext Dublin, London Stock Exchange and Astana International Exchange websites; iNAV in RUB is available on the instrument page of Moscow Exchange website. The difference between exchange price and NAV/iNAV may appear for some period, however, it always returns back to the NAV/iNAV levels.

03 Dec 2020

Dividend for year 2020On the 30 Nov 2020 the Board of ITI Funds UCITS ETF SICAV has approved dividend USD 1.08 per A (USD) class share with ex-dividend date 10 Dec 2020, record date 11 Dec 2020 and payment date 16 Dec 2020.

29 Nov 2019

Dividend for year 2019On the 21 Nov 2019 the Board of ITI Funds UCITS ETF SICAV has approved dividend USD 1.40 per A (USD) class share with ex-dividend date 12 Dec 2019, record date 13 Dec 2019 and payment date 20 Dec 2019.

26 Aug 2019

RTS Equity ETF has been admitted to trading on AIXA-class shares of ITI Funds RTS Equity UCITS ETF SICAV has been admitted to trading on Astana International Exchange.

24 Aug 2019

RTS Equity ETF has been listed on AIXA-class shares of ITI Funds RTS Equity UCITS ETF SICAV has been included into the Official List of Astana International Exchange. Admission to trading is expected shortly. You can read more in notice of admission.

10 Dec 2018

Dividend for year 2018On the 29 Nov 2018 the Board of ITI Funds UCITS ETF SICAV has approved dividend USD 0.76 per A (USD) class share with ex-dividend date 11 Dec 2018 and payment date 17 Dec 2018.

Russia-focused USD Eurobond UCITS ETF (RUSB)

30 Nov 2020

Index rules changed Selection rules for ITI Funds Russia-Focused USD Eurobond Index are changed by the Index Committee. New rules will be applied for nearest index rebalance at COB December 15, 2020. ITI Funds Russia-Focused USD Eurobond UCITS ETF SICAV will continue to track the index with changes applied. Details can be found in the updated Guideline document on the index page.

22 Aug 2019

Russian USD Eurobond ETF has been admitted to trading on AIXA-class shares of ITI Funds Russia-Focused USD Eurobond UCITS ETF SICAV have been admitted to trading on Astana International Exchange.

16 Aug 2019

Russian USD Eurobond ETF has been listed on AIXA-class shares of ITI Funds Russia-Focused USD Eurobond UCITS ETF SICAV have been included into the Official List of Astana International Exchange. Admission to trading is expected shortly. You can read more in notice of admission.

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