ANIMA FUND - ANIMA Sgr

10. Ongoing charges
The ongoing charges for each Subfund are set forth in the respective KII.
Portfolio Turnover (”PTO”)
The PTO is calculated on the basis of the financial year by applying the following formula:
Securities purchased = X
Securities sold = Y
Total 1 = Total of securities transactions = X+Y
Subscriptions to equities in the Subfund = S
Redemptions of equities in the Subfund = T
Total 2 = Total of equity transactions in the Subfund = S+T
Average monthly total assets = M
Turnover = [(Total 1 – Total 2)/M]*100
The PTO for each Subfund is set forth in the respective KII.
11. The Fund
Anima Fund denominated Etruria Fund until December 16 th 2010 (the ”Fund”) is an open-ended mutual fund,
under Luxembourg law, without legal personality, established under the Management Regulations approved by the
Board of Directors of Anima Management Company S.A. (the “Management Company”) previously
denominated Etruria Fund Management Company S.A. on July 25 th 1997, registered at the District Court of
Luxembourg on August 8 th 1997. The Management Regulations were published for the first time in Mémorial,
Recueil des Sociétés et Associations of Luxembourg (hereinafter the ”Mémorial”) on September 3 rd 1997 and most
recently after the amendment of 16 December 2011 by way of notice published in the Mémorial on January 2 nd
2012. The Fund is subject to Part I of the Law of December 17 th 2010 on undertakings for collective investment (the
”2010 Law”).
The Management Regulations may be amended in observance of the provisions of the law. Each amendment
will be published by means of a notice of the mention in the Mémorial and, if necessary, in the official
publications specified for the respective countries in which Fund units are sold. The new Management
Regulations enter into force upon the publication of the mention in the Mémorial. The most recent version is
deposited at the Commercial Register of the District Court in Luxembourg for inspection.
As a mutual fund, Anima Fund has no legal personality. The assets of the Subfunds of the Fund are the undivided
property of the participants of each Subfund and are separate from those of the Management Company. The total
net assets of each Subfund are the joint property of all investors who have equal rights in proportion to the
number of units held. These assets are separate from the assets of the Management Company. The securities
and other assets of the Fund are managed by the Management Company as its own funds in the interest of and
for the account of the unitholders.
The Management Company draws the investor’s attention to the fact that any investor will only be able to fully
exercise his investor rights directly against the Fund, if the investor is registered himself and in his own name in
the unitholders’ register of the Fund. In cases where an investors invests in the Fund through an intermediary
investing into the Fund in his own name but on behalf of the investor, it may not always be possible for the
investor to exercise certain unitholder rights directly against the Fund. Investors are advised to take advice on
their rights.
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