161 unchanged sentences
Any amendment that increases fees or charges (other than taxes and other governmental charges, registration fees or other expenses), or that otherwise prejudices any substantial existing rights of Shareholders, will not become effective until 30 days after written notice is given to Shareholders.
−Removed: ADOPTION OF THE EURO AS CURRENCY
−Removed: If Switzerland considers adopting or adopts the euro as its currency, the value of the Shares may decline and Shareholders may lose money on their investment.
−Removed: Furthermore, if Switzerland adopts the euro as its currency, the Trust will terminate when the Council of the European Union adopts an irrevocable conversion rate of Swiss Francs to euro.
−Removed: If this occurs, Shareholders may lose money on their investment.
−Removed: If Switzerland joins the European Union, it will have the option to adopt the euro as its currency in lieu of the Swiss Franc.
−Removed: If Switzerland considers adopting or adopts the euro as its currency, the value of the Swiss Franc could decline, depending on, among other things, the relative value of the Swiss Franc and the euro, the conversion ratio of Swiss Francs per euro and the timing of the adoption of the euro.
−Removed: If the Swiss Franc loses value, the value of the Shares would also decline and Shareholders may lose money on their investment.
−Removed: Furthermore, if Switzerland adopts the euro as its currency, the Trust will terminate when the Council of the European Union adopts an irrevocable conversion rate of Swiss Francs to euro.
−Removed: Upon the termination of the Trust, it will liquidate, and it may liquidate at a time disadvantageous to Shareholders, such as when the price of the Swiss Franc has declined below the price prevailing when Shareholders purchased their Shares.
−Removed: If this occurs, Shareholders may lose money on their investment.
COVID-19 PANDEMIC
−Removed: The novel coronavirus known as COVID-19 is harming the global, regional and national economies in unexpected, unpredictable ways that could materially and adversely affect the value of the Shares.
−Removed: COVID-19 spread globally throughout 2020 and 2021 and continues to spread in 2022.
−Removed: This pandemic has had material adverse effects on the global economy, including lower levels of economic activity and widespread unemployment.
−Removed: The economic turmoil has led to unprecedented amounts of stimulus in regional and national economies by central banks and other governmental authorities.
−Removed: Despite massive intervention, the humanitarian and economic crisis continues, and financial markets have generally experienced heightened volatility.
−Removed: No assurance can be given that the disruption will end soon or that the value of the Shares will not be affected materially and adversely by the pandemic and its consequences.
+Added: The ongoing COVID-19 pandemic continues to impact the global, regional and national economies in unexpected, and unpredictable ways that could materially and adversely affect the value of the Shares.
+Added: The ongoing COVID-19 pandemic continues to have material adverse effects on the global economy and has increased economic uncertainty and financial market volatility and caused a decline in consumer and business confidence.
+Added: No assurance can be given that the disruption will end soon or that the value of the Shares will not be affected materially and adversely by the pandemic and its ongoing global economic impact.
Escalation or prolonged continuation of the pandemic could exacerbate other risk factors identified in this Report and materially and adversely affect the value of the Shares.
1 unchanged sentence
With the increased use of technologies such as the Internet and the dependence on computer systems to perform necessary business functions, the Trust is susceptible to operational and information security risks.
−Removed: In general, cyber incidents can result from
−Removed: deliberate attacks or unintentional events.
+Added: In general, cyber incidents can result from deliberate attacks or unintentional events.
Cyber attacks include, but are not limited to gaining unauthorized access to digital systems for purposes of misappropriating assets or sensitive information, corrupting data, or causing operational disruption.
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.