ANIMA PRIMA FUNDS PLC FIRST ADDENDUM TO ... - ANIMA Sgr

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Shares redeemed prior to the Maturity Date will be subject to a contingent deferred placement charge which shall be deducted from redemption proceeds. Each applicable contingent deferred placement charge will be determined on a scaled basis depending on the length of time elapsed since the Shares were purchased, and will be calculated based on the Initial Offer Price multiplied by the number of Shares in the Fund being redeemed. The contingent deferred placement charge shall be paid to the Fund to meet any direct or indirect costs associated with the redemption of Shares. The rate of the contingent deferred placement charge shall not be less than the unamortized portion of the Placement Fee (if any) attributable to the Shares being redeemed. The contingent deferred placement charge applicable to these Shares gradually decreases as a Shareholder holds his/her Shares over time, according to the following schedule: Years since subscription application was accepted Applicable contingent deferred placement charge Less than one year 3.50% Over one year but less than two years 2.90% Over two years but less than three years 2.30% Over three years but less than four years 1.70% Over four years but less than five years 1.10% Over five years None A portion of the contingent deferred placement charge of up to 0.25% will be paid to the investment manager additional to the Investment Management Fee. After the Maturity Date, the Fund will not charge any contingent deferred placement charge. The use of the Initial Offer Price multiplied by the number of Shares of the Fund being redeemed as a basis on which to calculate the contingent deferred placement charge may mean that redeeming Shareholders pay more or less on redemption than would be payable if such fees were based on Net Asset Value per Share. The contingent deferred placement charge is applied on a scaled basis and is not linked to the performance of the Fund. Sub-Investment Manager The assets and investments of the Fund are managed by <strong>ANIMA</strong> SGR S.p.A as Sub-Investment Manager. Investment Objective and Policies The Fund is being primarily structured as a fund giving a return to investors over the period up to the Maturity Date. The investment objective is therefore as set out in the section headed “After the Subscription Period and up to Maturity Date”. The reason for having a Subscription Period is to have a short time period during which the Fund will accept subscriptions and invest them in a manner designed to preserve capital while at the same time allowing for some capital appreciation without limiting the Fund to bonds maturing in 2018. After the Subscription Period subscriptions are no longer.. 4
During the Subscription Period During the Subscription Period, the objective of the Fund will be to seek to provide capital preservation and appreciation. The Sub-Investment Manager will seek to achieve this objective through investment on a global basis mainly in Euro Money Market Instruments, in Euro Debt Instruments and Non-Euro Debt Instruments, in each case listed or traded on a Recognised Exchange. The Fund may invest up to 100% of its net assets in Euro Money Market Instruments and/or Euro Debt Instruments and/or Non-Euro Debt Instruments, in each case being of investment grade or better or, if unrated, being, in the opinion of the Sub-Investment Manager, of comparable quality. Subsequent to its purchase by the Fund, a security may cease to be rated or its rating may be reduced to below investment grade. The Fund may invest up to 30% of its net assets in securities/instruments of below investment grade. Where an instrument ceases to be rated or its rating is reduced to below investment grade, the Sub-Investment Manager will consider such event in determining whether the Fund should continue to hold the security. The Fund may invest up to 20% of its net assets in convertible bonds, up to 10% of its net assets in warrants and up to 30% of its net assets in emerging markets, of which up to 10% of net assets may be concentrated in Russia. The Fund may invest up to 35% of its asset in securities/instruments issued by a single issuer in accordance with the requirements of the Central Bank. In any event, the Fund’s combined exposure to (i) debt or debt related instruments issued by emerging markets (regardless of an instrument’s rating) and (ii) non-emerging markets convertibles (regardless of an instrument’s rating) and (iii) non-emerging markets and non-convertibles but having a rating of below investment grade, will not exceed 50% of net assets. Instruments purchased by the Fund may be denominated in any currency. As the aim of the Fund is to provide a return in Euro, exposure to non-Euro currencies will generally be hedged. Accordingly, the Fund will maintain a low exposure to non-Euro denominated currencies. The Fund will be authorised to invest up to 100% of its assets in transferable securities, consistent with the Fund's investment policy above, issued or guaranteed by any of the entities referred to in paragraph 2.12 of Appendix I. Such transferable securities, which may be Euro Debt Instruments, Non-Euro Debt Instruments and Euro Money Market Instruments, will not embed derivatives, and no additional leverage will arise from investment in these transferable securities. After the Subscription Period until the Maturity Date The objective of the Fund is to provide an attractive rate of return over the period up to the Maturity Date. It is intended to seek to achieve this objective through investment on a global basis mainly in a diversified portfolio consisting of Euro Money Market instruments, Euro Debt Instruments and Non-Euro Debt 5
Page 1 and 2: ANIMA PRIMA FUNDS PLC FIRST ADDENDU
Page 3: Euro Money Market Instruments: Mini
Page 7 and 8: The Fund is designed for investment
Page 9 and 10: the payment of dividends out of cap
Page 11 and 12: ANIMA PRIMA FUNDS PLC SECOND ADDEND
Page 13 and 14: Euro Money Market Instruments: mean
Page 15 and 16: in a diversified portfolio both of
Page 17 and 18: The Fund may buy futures or buy cal
Page 19 and 20: "FUND INFORMATION CARD - SOLUTIONS
Page 21 and 22: No subscription will be accepted af
Page 23 and 24: The Fund may invest up to 30% of it
Page 25 and 26: The Fund may engage in stocklending
Page 27 and 28: “FUND INFORMATION CARD - SOLUTION
Page 29 and 30: Once identified as having an approp
Page 33 and 34: It is intended that the Euro Debt I
Page 37 and 38: capital while at the same time allo
Page 39 and 40: Financial Derivative Instruments an
Page 43 and 44: ating reduced below investment grad
Page 45 and 46: The leverage resulting from the use
Page 49 and 50: The Fund will never invest in emerg
Page 51 and 52: At any time after the Initial Offer
Page 53 and 54: Each applicable Redemption / Conver
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PRIMA Bond 2017 Crescita Imprese In
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The Fund will be authorised to inve
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At any time after the Initial Offer
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The use of the Initial Offer Price
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following Funds: ANIMA Global Bond,
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money market rate of index. The Fun
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The Fund is authorised to invest up
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positions held by the Fund may not
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The amount of incentive fee earned
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The Fund may experience varying lev
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The Fund is authorised to invest up
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financial crisis which could negati
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Manager may attempt to safeguard th
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The Fund may engage in stocklending
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As the NAV per Share is likely to d
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Share Class Return: means the Gross
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The Fund may maintain a very high e
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(i) There is an Outperformance on t
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derivative instruments on financial
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Investment Manager shall be entitle
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ANIMA PRIMA FUNDS PLC FIRST ADDENDUM TO ... - ANIMA Sgr

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