Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product Name: FinEx Tradable Russian Corporate Bonds UCITS ETF USD Share Class ISIN: IE00BD5FH213 Issuer Name: FinEx Funds ICAV PRIIP manufacturer: Waystone Management Company (IE) Ltd Authorized in: Ireland Regulated by: The Central Bank of Ireland Website: www.FinExETF.com Contact details: +44 (0) 20 7663 3300 The PRIIP Manufacturer and the Management Company is Waystone Management Company (IE) Limited which is authorised in Ireland and supervised by the Central Bank of Ireland (CBI). This Key Investor Information is accurate as at 31 January 2025What is this product? Type: This product is an open ended physically backed exchange traded fund. Objectives: The investment objective of the product is to deliver the performance of the Bloomberg EM Tradable Russian Corporate Bond (EMRUS) Index (the "Benchmark Index") less fees and expenses. Accordingly, the performance of the Fund will be indexed against the Benchmark Index's performance i.e. the performance of the Fund will be dependent on the performance of the Benchmark Index. Intended investor: The typical investor is aware of the risks involved in trading emerging market fixed income securities and is seeking a medium to long term return. Term: The Fund is open-ended and has no maturity date. Subject to the liquidation, dissolution and termination rights of the board of the Fund as set forth in the Fund prospectus, the Fund cannot be automatically terminated. The PRIIP Manufacturer, Waystone Management Company (IE) Limited, is not entitled to terminate the product unilaterally. What are the risks and what I get in return? 123456 7 Lower risk Higher riskThe risk indicator assumes you keep the product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 6 out of 7, which is a “high” risk class. This rates the potential losses from future performance at a high level, and poor market conditions could result in the loss of some or all of your investment. This product does not include protection against future performance. Be aware of currency risk If you receive payments in a currency different to the base currency, your final return depends on the exchange rate between the two currencies. This risk is not considered in the above indicator. Investment Performance Information? Returns in relation to the fund are dependent on the performance Eurobonds issued by Russian corporate entities. The performance Russian corporate bonds can be affected by a number of factors including, but not limited to, underlying company performance, corporate actions, credit agency ratings, interest rates, geopolitical uncertainty and general market sentiment. If the trading currency differs from the base currency, USD, the performance will also be affected by the trading currency and base currency exchange rate. What could affect my return positively? An increase in the corporate bond prices and/or receiving coupons payments. What could affect my return negatively? A decrease in the corporate bond prices and/or defaulting corporate bonds.What happens if Waystone Management Company (IE) Ltd is unable to pay out? The Management Company has no obligation to pay out since the Fund design does not contemplate any such payment being made. You are not covered by any national compensation scheme. To protect you, the assets are held with a separate company, a depositary. Should the Fund default, the depositary would liquidate the investments and distribute the proceeds to the investors. In the worst case, however, you could lose your entire investment.Performance Scenarios The figures below assume an initial investment of $10,000 and include all the costs of the product. The actual performance depends on future market performance which cannot be accurately predicted. 1 year 3 years 5 years Scenario Stress ScenarioWhat you might get back after costs5,39958 6 Average return each year -46.01%-82.05%-77.41% Unfavourable Scenario What you might get back after costs8,586 1,212 301 Average return each year -14.14%-50.51%-50.39% Moderate ScenarioWhat you might get back after costs9,632 3,482 1,747 Average return each year -3.68% -29.65%-29.45% Favourable Scenario What you might get back after costs 10,452 8,325 9,611 Average return each year 4.52% -5.93%-0.79% The stressed scenario shows what you might get back in extreme market circumstances. The unfavourable, moderate and favourable scenarios are indications of the worst, average and best performance of the product over the last 5 years.What are the costs? The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account ongoing costs. The amounts shown here are the cumulative costs of the product itself, for three different holding periods. They include potential early exit penalties. The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest and how long you hold the product. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed in the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. The figures assume you invest USD 10,000. The figures are estimates and may change in the future. Ongoing costs If you cash in after 1 If you cash in after 3 If you cash in after 5 Scenarios yearyears years Total Costs (USD) 50 78 99 Impact on return (RIY) per year0.50% 0.50% 0.50% Total Expense Ratio (TER) for this instrument is 0.005. TER is an overall indicator which includes all of the fund’s costs (depositary costs, audit, etc.). The TER affects the market price of the security and does not have to be paid separately by investor. Composition of costs Category Type Cost Description One-off Costs Entry costs0% This product does not have entry costs Exit Costs 0% This product does not have exit costs This is an estimate based on the cost of buying and Recurring Costs Portfolio transaction costs0.73% selling the portfolio’s securities over the last three years The impact of the costs that we take each year forOther ongoing costs0.50% managing your investments Incidental Costs Performance fees 0% This product does not have any performance fees Carried interest 0% This product does not have any carried interest The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. How long should I hold it and can I take money out early? Recommended holding period: 5 years This product has no required minimum holding period but is designed for long term investment; you should be prepared to stay invested for at least 5 years. You can sell the product on a secondary market through a broker. How can I complain? You can also send your complaint to the Fund's Management Company at 35 Shelbourne Rd, Ballsbridge, IE - Dublin, D04 A4E0, Ireland or by e-mail to complianceeurope@waystone.com. If you have a complaint about the person that advised you about this product, or who sold it to you, they will tell you where to complain. Other relevant information The prospectus, supplement, memorandum and articles of association, the latest annual reports and half yearly reports and accounts are available in English from the registered office of the ICAV, 3rd Floor, 35 Shelbourne Rd, Ballsbridge, Dublin, D04 A4E0, Ireland and are available online at www.FinExETF.com. The depositary is Citi Depositary Services Ireland Designated Activity Company, 1 N Wall Quay, Dublin City 1, D01 T8Y1, Ireland. Additional information: The details of the up-to-date remuneration policy of the Management Company, including, but not limited to, a description of how remuneration and benefits are calculated, the identity of the persons responsible for awarding the remuneration and benefits, including the composition of the remuneration committee, are available on www.waystone.com/waystone-policies/, a paper copy will be made available free of charge upon request.