ANIMA FUND - ANIMA Sgr

1 In accordance with CSSF Circular 11/512, reference portfolio must be disclosed for Subfunds for which the
Global Risk Exposure is calculated using the Relative Value at Risk Approach.
Collateral Management
If the Fund enters into OTC transactions, it may be exposed to risks related to the creditworthiness of the OTC
counterparties: when the Fund enters into futures contracts, options and swap transactions or uses other derivative
techniques it is subject to the risk that an OTC counterparty may not meet (or can not meet) its obligations under a
specific or multiple contracts. Counterparty risk can be reduced by depositing a security. If the Fund is owed a
security pursuant to an applicable agreement, such security shall be held in custody by the Custodian
Bank/Custodian in favour of the Fund. Bankruptcy and insolvency events or other credit events with the Custodian
Bank or within their subcustodian/correspondent bank network may result in the rights of the Fund in connection
with the security to be delayed or restricted in other ways. If the Fund is owed a security pursuant to an applicable
agreement, then any such security is to be transferred to the OTC counterparty as agreed between the Fund and the
OTC counterparty. Bankruptcy and insolvency events or other credit events with the OTC counterparty, the
Custodian Bank or within their subcustodian/correspondent bank network may result in the rights or recognition of
the Fund in connection with the security to be delayed, restricted or even eliminated, which would force the Fund to
fulfil its obligations in the framework of the OTC transaction, in spite of any security that had previously been made
available to cover any such obligation.
11.1.1 Anima Fund – Euro Bond
This is a Subfund investing in primarily Euro denominated medium/long-term debt securities listed or traded on any
Recognised Exchanges. The Subfund is denominated in Euro.
The objective of the Subfund is to provide an attractive rate of return. The Subfund will seek to achieve this objective
through investment in a diversified portfolio consisting of commercial paper and/or fixed- and/ or floating rate
transferable debt securities of all types (including corporate debt securities, bonds and notes, zero-coupon and
discount bonds, debentures) issued by sovereign, supranational entities and/or corporate issuers. The Subfund 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 Portfolio Manager of comparable quality. Investments are made mainly in the regulated
markets of countries belonging to the Euro area.
The Subfund may invest also in a diversified portfolio consisting of inflation-linked debt securities issued by Member
States participating in the Euro.
The Subfund is authorised to invest up to 100% of its assets in transferable securities consistent with the Subfund’s
investment policy above.
Shares acquired by the conversion of bonds or the use of warrants will be disposed of within a reasonable period of
time in the interest of subscribers. The Subfund has a duration of up to 10 years.
Where considered appropriate, the Subfund may utilise techniques and instruments such as futures, options, stock
lending 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 law in force. Forward currency contacts may be
used, but solely for hedging purposes. The Subfund may also use forward foreign exchange contracts to alter the
currency characteristics of transferable securities held by the Subfund where the Portfolio Manager considers it
appropriate to retain the credit quality of a particular transferable security but wishes to obtain a currency exposure
consistent with the Subfund’s investment objective. Because currency positions held by the Subfund may not
correspond with the asset positions held performance may be influenced by movements in foreign exchange rates.
The Portfolio Manager may use stock lending arrangements, in accordance with point 11.2.4.1 of the Fund’s
prospectus, for efficiency purpose up to 100% of net asset value of the Subfund.
11.1.2 Anima Fund – Emerging Equity
The Subfund invests mainly in equities, other equity shares (cooperative shares and participation certificates, etc.),
warrants on securities listed or traded on regulated markets of emerging countries and developing countries or
companies of emerging countries and developing countries listed or traded in other regulated markets, at varying
stages of capitalization and liquidity levels, with broad diversification of the investments in the various economic
sectors. Investments are made mainly in the regulated markets of emerging countries and developing countries.
The value of financial instruments denominated in foreign currency may reach 100% of the Subfund’s total
activities.
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