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

Gross NAV per Share: means the NAV per Share shown in the Fund’s valuations as at the relevant
Dealing Day, but without deduction of any incentive fee.
Share Class Return: means the Gross NAV per Share at the end of the relevant Calculation Day less
the Gross NAV per Share as at the end of the previous Calculation Day of the relevant Class of Shares of
the Fund, the variation being expressed as a percentage of the Gross NAV per Share at the end of the
previous Calculation Day.
Index: means the 100% MSCI World Index.
100% MSCI World Index: The MSCI World Index is a free float-adjusted market capitalization weighted
index that is designed to measure the equity market performance of developed markets. The Bloomberg
ticker for the 100% MSCI World Index is MSDUWI. The Index is denominated in US Dollars and for the
purpose of calculating the Incentive Fee it is converted into Euro.
Index Return: means the value of the Index at the end of the relevant Calculation Day less the value of
the Index as at the end of the previous Calculation Day of the relevant Class of Shares of the Fund, the
variation being expressed as a percentage of the value of the Index at the end of the previous Calculation
Day.
Outperformance: means the positive difference between the Share Class Return and the Index Return
expressed as a percentage.
Underperformance: means the negative difference between the Share Class Return and the Index
Return expressed as a percentage.
In addition to the annual Investment Management fee, the Investment Manager will be paid from the Fund
an incentive fee accrued as of each Dealing Day and payable monthly in arrears. Some or all of the
incentive fee may be paid to the Sub-Investment Manager. The incentive fee described below may be
altered by agreement in writing between the Investment Manager and the Company provided that any
such alterations will be notified in advance to Shareholders and any such alterations resulting in an
increase in incentive fee will require the prior approval of Shareholders.
The incentive fee will be calculated by the Administrator and any payments will be verified by the
Custodian. For the purpose of calculating the incentive fee, the Gross NAV per Share will be calculated
after deducting any investment management fees payable by the Fund. For avoidance of doubt, the
incentive fee shall be calculated and paid after consideration of all other payments. The starting value for
the purposes of calculating the incentive fee shall be the NAV per share calculated on 01 November
2012.
The incentive fee will be payable in respect of each Calculation Day. The incentive fee will be payable at
a rate of 20% of the Outperformance of the Gross NAV per Share, provided that the following
preconditions are satisfied:
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