ANIMA FUND - ANIMA Sgr

11.1.9 Anima Fund – Liquidity Plus
This is a Subfund 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 Subfund is to provide liquidity and current income, to the extent consistent with
preservation of the capital. The Subfund will seek to achieve this objective through investment mainly in moneymarket
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 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. The Subfund will not invest in emerging markets.
By way of clarification, the Subfund is a money market fund which complies with CESR’s ESMA Guidelines. The
Subfund will invest in accordance with the CESR ESMA guidelines. The Subfund 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 Subfund will not have a weighted average life of more
than one year. Subject to the aforementioned maturity limit, the Subfund 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 money market rate of index. The Subfund may also invest,
consistent with the requirements of the law in force at the time and the Subfund’s investment restrictions, in
other collective investment schemes which comply with the definition of a short-term money market fund or
money market fund as outlined in CESR’s ESMA Guidelines including schemes managed by the Portfolio
Manager or its affiliates.
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 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 Subfund 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.
Investors in the Subfund should note that an investment in the Subfund is neither insured nor guaranteed by any
government, government agencies or instrumentalities or any bank guarantee fund. Shares of the Subfund 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 Subfund involves certain investment risks, including the possible
loss of principal.
The Portfolio Manager may use securities lending instrument, 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.
11.1.10 Anima Fund – European Equity
The Subfund invests mainly in equities, other equity shares (cooperative shares and participation certificates, etc.),
warrants on securities of companies or issuers at varying stages of capitalization, with broad diversification of the
investments in the various economic sectors.
Investments are made mainly in securities listed or traded in regulated markets of the European continent or in
European companies which are listed in other regulated markets.
The value of financial instruments denominated in foreign currency held by the Subfund may represent 100% of
the Subfund’s total activities.
The Portfolio Manager may partially or fully hedge the exchange-rate risk of the asset with respect to Subfund’s
currency of account. This can be achieved either directly (hedging a currency against the reference currency with
futures, swaps, non-deliverable forwards and options on currencies) or indirectly (hedging the currency against a
third currency which is then hedged against the currency of account).
In accordance with the investment objective of the Subfund, within the limits and under the conditions provided for
by the law in force and with respect of points 11.2.1.1 g) and 11.2.1.3, the Portfolio Manager may use derivative
instruments for the purposes of hedging, efficiency and portfolio management.
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