PC NMS October 2012 clean version CSSF 3010 pour VISA FINAL

Global Risk Exposure Until December 5 th : Cash (Euro)
• foreign currency risk
• liquidity risk
• commodity-linked risk
For a detailed analysis of the risks please refer to paragraph 6
“Risk factors”.
Starting from December 6 th , 2012:
Absolute VaR approach based on a market standard model
with the following features:
- one-tailed confidence interval of 99%
- holding period of 1 month (20 business days)
- Montecarlo calculation
Profile of the typical investor The Sub-Fund suits investors with a low risk profile and an at
least 3 year investment horizon, who seek capital protection
from inflation-related risks and a stability in the trend of real
returns.
Sub-Fund Co-Manager BANCA FINNAT EURAMERICA S.P.A.
Valuation currency EURO
Valuation day Every bank business day in Luxembourg.
Class of shares
Class A: shares suited for all investors.
Class I: shares reserved for Institutional investors only.
Minimum single initial subscription amount Class A: EUR 1,500
Class I: EUR 25,000
Minimum subsequent subscription amount Class A: EUR 1,500.
Minimum savings plan subscription amount Twelve monthly payments of EUR 100 each or four quarterly
payments of EUR 300 each.
Management fee Class A: 0.80% per year of the net assets.
Class I: 0.40% per year of the net assets.
Performance fee Classes A and I 10% of the excess return over the Eurostat Euro-zoneHICP Ex.
Tobacco Unrevised Series NSA Index + 50 bps. (Bloomberg ticker
CPTFEMU Index).
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