CFS FC-ETF Exp Series US Shares

The option will hold units in an ETP and cash and target 95% exposure to the underlying ETP and will generally have exposure to the ETP within ranges of 92-98%. CFS has selected the iShares® S&P 500 (ASX:IVV) ETP issued by BlackRock Inv Mgt (Aus) Ltd (BlackRock). BlackRock has adopted a passive investment strategy and aims to track the underlying index - the index is an established market cap weighted US equity index and is widely used to measure performance of large-cap equities listed on US stock exchanges. The ETF is not currency hedged.