Your investments are domiciled in Ireland and traded on the London Stock Exchange. A few key reasons for preferring Irish-domiciled ETFs for Kuwaiti residents and nationals:

• Irish-domiciled ETFs benefit from its US holdings, and the US-Ireland tax treaty rate of 15% withholding on dividends and from numerous other tax treaties for non-US holdings. The alternative would be to invest in US domiciled ETFs, however this will result in 30% withholding tax and will even result in double tax withholding if the underlying holdings are outside the US (at the country and the US level).
• Non-residents are not liable to Irish gift tax or inheritance tax, while owning US Domiciled ETF's could expose you to US estate taxes.

No, we do not provide any advice involving tax. We only provide some information related to tax and we aim to invest in Tax efficient ETFs. We advise you to consult your own tax adviser to ascertain your individual tax situation.

Nothing. While you could buy the same ETFs from a traditional broker or fund company, you couldn't get them all from any one place without a fee, so you'd be paying to buy, sell, or trade the ETFs. Next to that you might pay account maintenance fees, custody fees etc. Even after you purchase the securities, you'd have to rebalance regularly; which few people do because of the work, scheduling,and transaction fees involved; to get the risk-reducing and returns-enhancing benefits of rebalancing (which Gulf Bank handles for you,automatically). Furthermore we ensure that you are constantly invested in the best available ETFs.

Our investment methodology is based on Modern Portfolio Theory. It states that returns are best maximized for any level of risk through the optimal mix of asset classes. Your allocations are a function of your risk tolerance, not the amount you invest.

We may change the ETFs in the portfolio at any time without any prior written notice to you. We shall however,notify you of the changes in ETF offerings along with appropriate action (if any) to be undertaken.

Diversification is designed to increase a portfolio's risk-adjusted returns by reducing portfolio risk or volatility for every level of return or maximizing return for every level of risk. Proper diversification is implemented by investing in a sufficiently large number of securities that represent a set of relatively uncorrelated asset classes and geographies.

Our investment methodology is based on Modern Portfolio Theory. It states that returns are best maximized for any level of risk through the optimal mix of asset classes, not through security selection.Therefore the ETF that best represents an asset class is the best ETF for everyone.

Those 4 carefully selected ETF's represent more than 6,000 underlying holdings and therefore provides high levels of diversification.

We look for ETFs with high quality. They should track broad market weighted indices (providing diversification), from trustworthy providers, have low cost of ownership, USD denominated, distributes dividend, tax efficient, uses physical not synthetic replication, have limited securities lending, have sizable assets under management, have sufficient liquidity along with having a track record and have (proxy) benchmarks returns available for the last 25 years.

No,we don't allow customization beyond time horizon and risk tolerance at this time.

https://investor.vanguard.com/etf/

The ETFs selected pay dividends.However, you have the option to instruct us to either reinvest the dividends or route it to your linked account with Gulf Bank. In the absence of any such instructions from your end, we shall reinvest your dividend(s) automatically as per your portfolio composition mix.

Like all market investments, the securities you own in your portfolio are subject to market risk. If the markets goes up,your balance will grow. When markets goes down,your portfolio can lose money. Fluctuations are especially hard to predict over the short term, but historical data shows that over the long-term your investment is likely to increase.

Next to the periodic performance, the WISE investment tool gives you the distribution of results over the relevant time period if you would have invested according to this strategy. The best way to see this is to take the questionnaire. It will show the historical performance of the different portfolios.

Nobody can predict the future but we can learn from the past. The WISE investment tool gives you the distribution of results over the relevant time period if you would have invested according to this strategy. Future returns could turn out to be lower.

No, Gulf Bank cannot guarantee any level of performance and or that any Client will avoid a loss of portfolio assets. Any investment in securities involves the possibility of financial loss (including the loss of principal) that Clients should be prepared to bear.

Each quarter you are charged a management fee equal to 1/365 of the annual rate multiplied by the net market value of your invested assets as of the closing market day of each quarter, multiplied by the number of days in a quarter your money was managed. For example, Ali invests USD 10,000 in a diversified portfolio. Ali begins investing on April 5th.At the end of June, he has been investing for a total of 86 days. Gulf Bank's annual management fee rate is 0.85 percent. To simplify this example, we will assume that the net market value of Ali's assets remains USD 10,000 while invested. Therefore,Ali's management fee for the 2nd quarter equals: (annual management fee / 365) * (the net market value of managed assets) for every day on which the assets were managed = (0.85% / 365) * $10,000 * 86 = $20.03.

No. Should you wish to discontinue mid-way with us you will be charged on a pro-rata basis for the number of days you used our service in that particular quarter only.

Management fees for a particular calendar quarter are charged on the first business day of the following quarter. Management fees will be reported clearly in your statements.

You will pay no withdrawal fees.

You will pay no entry or exit fees.

You will pay no custodial fees.

You will pay no commissions on trades made on your behalf by Gulf Bank.

Gulf Bank fee of 0.85% is very competitive and already well below the average fee charged by financial advisors.

For this fee we determine your goals and risk profile, advice you to create the optimal portfolio compositions, create your portfolio, receive and reinvest dividends, protect, monitor and rebalance your portfolio.

We charge a quarterly management fee based on an annual fee rate of 0.85% calculated on the daily values of your portfolio. The only other fee you incur is the very low ongoing charges embedded in the cost of the ETFs you will own that averages around 0.20%.

Please get in touch with your Relationship Manager for any issue involving your WISE portfolio.

We provide you with a transaction confirmation report on the same day of execution.

We execute your requests in coordination with our contracted service provider.

You can withdraw a minimum of [USD 1,000] as long as you maintain a minimum balance of [USD 10,000] in your account.

Visit your Relationship Manager and provide him a completed signed copy of the full withdrawal form.

Visit your Relationship Manager and provide him a completed signed copy of the partial withdrawal form.

Visit your Relationship Manager and provide him/her a completed signed copy of the Invest-More form.

All requests (Invest More, Partial Sale or Total Sale) should be routed through your dedicated Relationship Manager.

Each WISE Portfolio is designed to be consistent with clients investment objective and risk tolerance.

It is an "Advisory" and "Portfolio Management" service for the affluent, High Net Worth and Ultra High Net worth Gulf Bank customers, helping them to diversify their investments and invest in international markets in an easy, transparent and cost efficient way.