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

No subscription will be accepted after the end of the Subscription Period.
Investment Manager
The assets and investments of the Fund are managed by ANIMA Asset Management Ltd. as Investment
Manager.
Investment Objective and Policies
The Fund is being primarily structured as a fund giving a return to investors at 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 2017.
After the Subscription Period subscriptions are no longer accepted.
The Fund will never invest in emerging markets, nor will it invest in equities.
During the Subscription Period
During the Subscription Period, the objective of the Fund will be to seek to provide capital preservation
and appreciation. The 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 at the
time of investment or, if un-rated, being, in the opinion of the 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
below investment grade. The Fund may invest up to 30% of its net assets in securities/instruments of
below investment grade or which are un-rated at the time of purchase. Where an instrument ceases to be
rated or its rating is reduced to below investment grade, the Investment Manager will consider such event
in determining whether the Fund should continue to hold the security.
The Fund may invest up to 30% of its net assets in convertible bonds which embed derivatives and up to
10% of its net assets in warrants.
In any event, the Fund’s combined exposure to debt or debt related instruments (i) convertibles
(regardless of an instrument’s rating) and (ii) non-convertibles but having a rating of below investment
grade, will not exceed 30% of net assets.
Instruments purchased by the Fund may be denominated in any currencies. 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.
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