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

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Share Class I of PRIMA Asia Pacific Equity, ANIMA Emerging Markets Equity, ANIMA Global Bond, ANIMA Global Equity and ANIMA U.S. Equity applies an Incentive Fee charge and information on the application of this Incentive Fee charge is outlined in this Fund Information Card under each section relating to each of these Funds under the heading entitled “Incentive Fee”. Investment Objectives & Policies ANIMA Liquidity This is a Fund investing in primarily Euro denominated money-market instruments listed or traded on any Recognised Exchanges worldwide. The Fund is denominated in Euro. The objective of the Fund is to provide liquidity and current income, to the extent consistent with preservation of the capital. The Fund will seek to achieve this objective through investment mainly in money-market instruments (including treasury bills, commercial paper, certificates of deposit) and/or, short term fixed- and/or floating rate transferable debt securities of all types (including corporate debt securities, bonds and notes, zero-coupon and discount bonds, debentures) denominated in Euro and issued by sovereign, supranational entities and/or corporate issuers. The Fund will only invest in securities/instruments of investment grade or better at the time of investment or, if un-rated, which are in the opinion of the Investment Manager of comparable quality. The Fund will not invest in emerging markets. By way of clarification, the Fund is a Money Market Fund which complies with the ESMA Guidelines. The Fund will invest only in high-quality securities that the Investment Manager believes present minimal credit risk. High quality securities are securities that are (1) that are determined by the Investment Manager as high quality taking into account factors such as the credit quality of the instrument, the nature of the asset class represented by the instrument, the operational and counterparty risk in the case of structured financial instruments and the liquidity profile and (2) which are rated by each Recognised Credit Agency rating the instrument in one of the two highest available short-term credit ratings or, if the instrument is unrated, it is of an equivalent quality as determined by the Investment Manager. In line with the ESMA Guidelines and as an exception to (2) immediately above, the Fund may also hold sovereign issuance (for the purpose of this Fund, sovereign issuance should be understood as being money market instruments issued or guaranteed by a central, regional or local authority or central bank of a Member State, the European Central Bank, the European Union or the European Investment Bank) of at least investment grade as awarded by one or more Recognised Credit Agencies. The Fund will maintain a euro-weighted average maturity of 6 months or less and will only invest in securities with a residual maturity until the legal redemption date of less than or equal to two years provided that the time remaining until the next interest reset date is less than or equal to 397 days. In addition, the Fund will not have a weighted average life of more than one year. Subject to the aforementioned maturity limit, the Fund may invest in variable or floating rate securities which bear interest at rates subject to periodic adjustment or provide for periodic recovery of principal on demand. Under certain conditions, these securities may be deemed to have remaining maturities equal to the time remaining until the next interest adjustment date or the date on which principal may be recovered on demand. Floating rate securities must also reset to a 3
money market rate of index. The Fund may also invest, consistent with the requirements of the UCITS Regulations and the Fund’s investment restrictions, in other collective investment schemes which comply with the definition of a Short-Term Money Market Fund or Money Market Fund including schemes managed by the Investment Manager or its affiliates such as other Funds of the Company which meet these criteria. The Fund is 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. The Fund does not directly or indirectly have any exposure to equities or commodities. Where considered appropriate the Fund may utilise techniques and instruments such as futures, options, stocklending arrangements and forward currency contracts for efficient portfolio management and/or to protect against exchange risks within the conditions and limits laid down by the Central Bank. Forward currency contracts or other financial derivative instruments which give exposure to foreign exchange may be used, but solely for hedging purposes. Because currency positions held by the Fund may not correspond with the asset positions held performance may be strongly influenced by movements in foreign exchange rates. Investments denominated in currencies other than Euro are not permitted unless the exposure is fully hedged. The ESMA Guidelines will be applied with an effective date of 1st July, 2011 for all securities purchased on or after 1st July, 2011. For all securities purchased prior to 1st July, 2011, the ESMA Guidelines will be applied from 31 December, 2011. Investors in ANIMA Liquidity should note that an investment in the Fund is neither insured nor guaranteed by any government, government agencies or instrumentalities or any bank guarantee fund. Shares of the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and the amount invested in Shares may fluctuate up and/or down. An investment in the Fund involves certain investment risks, including the possible loss of principal. Investor Profile The Fund is suitable for retail and institutional investors with a short investment time horizon and/or prepared to accept a low level of volatility. ANIMA Short Term Bond Investor Profile The Fund is suitable for retail and institutional investors with a short investment time horizon and/or prepared to accept a low to medium level of volatility. This is a Fund investing in primarily Euro denominated medium/short-term debt securities listed or traded on any Recognised Exchanges. The Fund is denominated in Euro. 4
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ANIMA PRIMA FUNDS PLC FIRST ADDENDU
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Euro Money Market Instruments: Mini
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During the Subscription Period Duri
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The Fund is designed for investment
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the payment of dividends out of cap
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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
Page 55 and 56: PRIMA Bond 2017 Crescita Imprese In
Page 57 and 58: The Fund will be authorised to inve
Page 59 and 60: At any time after the Initial Offer
Page 61 and 62: The use of the Initial Offer Price
Page 63: following Funds: ANIMA Global Bond,
Page 67 and 68: The Fund is authorised to invest up
Page 69 and 70: positions held by the Fund may not
Page 71 and 72: The amount of incentive fee earned
Page 73 and 74: The Fund may experience varying lev
Page 75 and 76: The Fund is authorised to invest up
Page 77 and 78: financial crisis which could negati
Page 79 and 80: Manager may attempt to safeguard th
Page 81 and 82: The Fund may engage in stocklending
Page 83 and 84: As the NAV per Share is likely to d
Page 85 and 86: Share Class Return: means the Gross
Page 87 and 88: The Fund may maintain a very high e
Page 89 and 90: (i) There is an Outperformance on t
Page 91 and 92: derivative instruments on financial
Page 93: Investment Manager shall be entitle
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ANIMA PRIMA FUNDS PLC FIRST ADDENDUM TO ... - ANIMA Sgr

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