SSgA World Index Equity Fund. SIMPLIFIED PROSPECTUS SECTION A LEGAL
|
|
- Joseph Hawkins
- 8 years ago
- Views:
Transcription
1 Mutual fund in compliance with European regulations SSgA World Index Equity Fund. SIMPLIFIED PROSPECTUS SECTION A LEGAL Summary: Name: SSgA World Index Equity Fund. Legal form: French open-ended investment company (SICAV). Sub-fund: SSgA World Index Equity Fund is a sub-fund of the State SICAV Street Global Advisors Index Funds. Asset Management Company: State Street Global Advisors France S.A. Assignees: Accounting: State Street Banque S.A. Expected lifetime: 99 years from its registration in the Registre du Commerce et des Sociétés. Custodian: State Street Banque S.A. Statutory auditors: Ernst & Young Audit. Promotion Agent: State Street Global Advisors France S.A. Information on the investments and the asset management style: Classification: International Shares. Management objective: SSgA World Index Equity Fund is an index-based fund that replicates an index. The investment objective of the fund is to replicate the performance of the MSCI World (Morgan Stanley Capital International), however it develops. The aim of the management strategy is to ensure that the spread between the change in net asset value and the index (measured by tracking error) is as small as possible and lower than 1%. Benchmark: MSCI World with net dividends reinvested. This index represents all equities listed in the world. The asset management company and the custodian are available to provide investors with information concerning the benchmark, changes in which are shown in periodical documents and the annual report. More details about the benchmark are set out in the detailed memorandum. Investment strategy: The manager employs the investment method(s) he/she deems most appropriate to attain the investment objectives. The management strategy emphasizes the pure replication method that consists of purchasing all the securities that make up the reference index in proportion to their respective weightings. Publication date:24 March /13
2 The structure of the portfolio is therefore very close to that of its benchmark. It does not involve any sector-based speculation or stock-picking. As an index-based fund, the Fund may make use of the waivers specified by Article R of the French monetary and financial code, relating to the investment limits in financial instruments of a single issuer. Accordingly, the Fund may invest up to 35% of its assets in the securities of a single issuer for one security. The portfolio is made up of at least 90% global market shares. The portfolio may contain up to 10% of negotiable debt securities and money market instruments. It may also, to a limited extent, include equity derivatives and index equity derivatives. Within regulatory limits, it may deal in futures that are traded on French and foreign regulated markets or on the over-the-counter market, especially futures contracts on indices, up to a maximum of 5% of the assets. In all circumstances, the purpose of dealing in derivatives is to help ensure that the Fund s performance is as similar as possible to that of the benchmark. Cash and cash equivalents are limited to 5% of assets. Risk profile: Your money will be invested principally in financial instruments selected by the Asset Management Company. These instruments will be exposed to the ups and downs of the markets. Investors must be aware of the risks set out below. Furthermore, the following explanations do not represent a comprehensive list of all the risk factors associated with purchasing the Fund's shares, and investors are invited to make up their own minds about whether it is appropriate to invest. They are also encouraged to seek independent financial advice before buying any shares in the Fund. The risk profile of the fund is fundamentally identical to or as close as possible to that of the index being replicated. The fund is principally exposed to equity market risks. As a result, its value fluctuates both up and down according to changes in the markets, and the investor may suffer capital losses. In addition, there is the likelihood of the following specific risks: There is no guarantee that the fund's management objectives will be achieved. In practice, no asset or financial instrument allows the reference index to be automatically replicated. The changes made to the assets in the Fund and the changing weightings of the reference index may bring about various transaction or other costs. Furthermore, the total return generated by investments in the securities comprising the index shall be reduced because of certain costs and expenses that are not included in the calculation of the index. In addition, the fund shall not be able to fully replicate the index s performance, in particular because of the temporary unavailability of certain securities comprising the index or because of exceptional circumstances that may distort the weightings of the index. In addition, in the event of a suspension or temporary interruption of the pricing of the securities comprising the index or in the event of market disruption, it may prove impossible to rebalance the portfolio of securities comprising the fund for an unspecified period. The value of the shares of the fund and their income may increase or decrease to reflect changes in the value of the securities in which the Fund invests. - Fund investments are managed with the objective of reproducing the performance of the reference Index. Consequently, the fund is subject to a risk of Tracking error, which is the risk that the performance of the fund investments fails to reproduce that of the reference index. Although Publication date:24 March /13
3 the fund aims to be continuously fully invested, it may periodically need to hold a portion of its assets in the form of cash and cash equivalents French investors and investors from eurozone countries and other countries who have invested in the three share categories (in EUR and USD) are exposed to a currency risk. For investors in hedged P class shares in EUR, a systematic hedge against currency risk will be implemented. The manager will set up a euro hedge in respect of the risk of exposure against other currencies. - Due to security loan activities, the fund is subject to delay and recovery risks. If a counterparty defaults, financially or vis-à-vis one of its obligations in a security loan or pension transaction, the collateral will be called. If there is a sudden movement in the market, there is a risk that the value of the collateral will be lower compared to the security transferred. Moreover, if the fund can invest the cash received as collateral in monetary funds in order to optimize its management, it will be exposed to unwinding risk or default of the monetary fund. - Investors must also be aware that the fund will be exposed to a credit risk on the parties with which it deals and may, in addition, incur the risk of settlement failure. - Risks in respect of Hedged Share Classes. For Hedged Share Classes, the manager s objective is to hedge the applicable currency risk. There is no guarantee of the outcome of the actions taken by the manager for these hedging purposes. Any gains/losses resulting from transactions carried out for hedging purposes are the responsibility of each Hedge Share Class shareholder. Insofar as responsibility is shared between the various share classes and the sub-fund, in certain circumstances transactions carried out for the purposes of currency risk hedging may result in responsibility affecting the Net Value Added of other Share Classes of the Sub-Fund. Target investor group and profile of the typical investor: Subscribers concerned: All investors. Standard investor profile: The Fund is open to both institutional and individual investors. For institutional investors, this Fund is particularly intended to be used as a core investment in a diversified portfolio of shares making up the benchmark. Its risk level, measured by the volatility of performance, should be very close to that of the benchmark. For individual investors, there are a number of parameters which determine what percentage of an individual s total net worth should be invested in the Fund. These include the absolute value of the investor s net worth, his age, investment horizon and objectives fixed. The latter could be saving for retirement or making a temporary investment towards completing a project. Additional parameters would be the overall level of risk tolerance, which could be assessed by the amount of losses the investor is prepared to accept over a given time period, and tax considerations among others. Owing to the complexity of the factors to be taken into account, it is recommended that individual investors seek any independent advice they deem appropriate before defining their asset allocation and making any investment. Recommended investment duration: More than five years. Publication date:24 March /13
4 Information concerning fees, costs and taxation: Fees and costs: Subscription and redemption fees: The subscription and redemption fees either increase the subscription price paid by the investor or reduce the redemption price. The fees retained by the Fund compensate it for the costs it must pay to invest or divest the holdings of the Fund. The remaining fees are paid on to the Asset Management Company, the Promotion Agent, and other service providers. Fees payable by the investor deducted when subscriptions or redemptions are made Subscription Fees paid on to third parties Subscription fees retained by the Fund Redemption fees paid on to third parties Redemption fees retained by the Fund Basis P Shares Hedged P Shares in EUR Rate scale net asset value x number of shares 2.00% maximum net asset value x number of shares 0.25% net asset value x number of shares None net asset value x number of shares 0.20% I shares 5,00% maximum EUR I Shares Special procedures: Subscription Fees Cost-free cases: In the event of redemption followed by a subscription on the same day, for the same amount, based on the same net asset value, or in case of in-kind subscription, there is no initial subscription charge (paid and due). Instance of additional charge: In the event of a subscription executed by a trading company located outside France, the Promotion Agent may charge a supplementary subscription fee of up to a maximum of 5.50%. Redemption Fees : Cost-free cases: In the event of redemption followed by a subscription on the same day, for the same amount, based on the same net asset value, or in case of inkind redemption, there is no redemption charge (paid and due). Operating and management fees: These fees cover all the costs invoiced directly to the Fund, except for the transaction fees. The transaction fees include the intermediation fees (brokerage, stock market taxes, etc.) and the transfer fee, if any, that might be charged particularly by the Custodian and the Asset Management Company. The following fees may be charged in addition to the operating and management fees: - Outperformance fees. These reward the Asset Management Company when the Fund exceeds its objectives. Therefore, they are invoiced to the Fund; - Transfer fees invoiced to the Fund; - A portion of the income from temporary transactions of buying and selling securities. For more details about the fees actually invoiced to the Fund, please refer to Part B of the simplified prospectus. Publication date:24 March /13
5 Fees invoiced to the Fund Basis P shares Operating and management fees, inclusive of all taxes (including all the charges other than transaction costs, outperformance fees and costs associated with the investments in mutual or investment funds) Net assets after deducting FCP units or SICAV shares 0,70%* taxinclusiv e Maximu m rate I Shares Rate scale 0.30% taxinclusive* Rate maximum I shares in EUR P shares Hedged in EUR 0.73% taxinclusive* Maximum rate *Within this maximum, financial management fees, including the compensation for distributors, is set at 0.60% tax-inclusive for P shares, at 0.20% tax-inclusive for I shares in different currencies, and at 0.63% tax-inclusive for hedged P shares. Tax treatment: Accumulation fund. Depending on your tax status, any capital gains and income you may receive associated with the ownership of the Fund shares may be subject to taxation. We suggest you contact the Fund's Promotion Agent or your own financial adviser for any further details. Sales-related information: Conditions of subscription and redemption: The custodian (State Street Banque SA, Défense Plaza, rue Delarivière-Lefoullon, Paris) receives the applications for subscriptions and redemptions until 11:00 a.m. (Paris time) each day. The share price applicable to subscription and redemption applications is based on the Fund s next net asset value per share, calculated on the closing prices of the following trading day. Fund units can be divided into ten-thousandths. Monies may be transferred from one sub-fund to another/from one category of shares to another by redeeming the shares of the first sub-fund/of the original category and subscribing to the shares of the new sub-fund/of the new category of shares. No subscription fee or redemption fee (paid and due) is applicable if a change is made from one class of share to another. End of financial year: Last trading day of the Paris Stock Exchange in December. Allocation of the profit/loss: Accumulation. Date and frequency at which net asset value (NAV) is calculated: Every trading day, except on official French public holidays. Place and procedures of publication or communication of the net asset value: The Asset Management Company, on tel , on the Internet at on Bloomberg <BALWLDI FP> <BALWLII FP>, on Reuters < FRF>, and Reuters State Street Banque page <SSBQE>. Publication date:24 March /13
6 Currency in which the shares are denominated: Shares ISIN code Subscribers concerned Minimum amount of first subscription P USD FR All subscribers One Share I USD FR Institutional equivalent to EUR 50,000 Minimum future subscriptions equivalent to EUR 50 equivalent to EUR 50 Currency of denomination I EUR FR Institutional EUR 50,000 EUR 50 Euro P Hedged EUR FR All subscribers One Share EUR 50 Euro Launch date: This sub-fund was approved by the AMF on 16 June It was launched on 28 July The class of I shares denominated (FR ) was approved by the AMF on 15 October It was launched on 10 June The class of I shares denominated in EUR (FR ) was approved by the AMF on 30 May It was launched on 29 June The class of Hedged P shares was launched on 23 March Additional information: The full prospectus of the Fund and the latest annual and periodic reports will be sent, (within one week) upon written request to: Company name: State Street Global Advisors France S.A. Address: Défense Plaza, rue Delarivière-Lefoullon, Paris La Défense Cedex Telephone: contact@ssga.comthese documents are also available at: The voting policy and the report relating to the conditions in which the voting rights have been exercised are available at the Asset Management Company s registered office. If no answer is received within a month to a request relating to the vote on a resolution, this must be interpreted as an indication that the Asset Management Company voted in accordance with the principle stated in the voting policy. Point of contact where additional information may be obtained: State Street Global Advisors France S.A, Customer Service on Date of publication of this prospectus: 24 March 2009 The AMF web site contains additional information on the list of regulatory documents and all the provisions concerning investor protection. This simplified prospectus must be given to subscribers before they make their subscription. Publication date:24 March /13
7 SSgA World Index Equity Fund P SHARES SIMPLIFIED PROSPECTUS SECTION B STATISTICS Fund s annualised performance as of 31 December 2007: (expressed in the Fund s reporting currency) P SHARES IN USD 40.0% Annual Performance Performance 1 year 3 years 5 years Fund 8.64% 42.03% % 30.0% 20.0% MSCI World 9.04% 43.33% % 10.0% 0.0% -10.0% -20.0% NOTICE : Past performance is no indication of future performance. Performance is not constant over time % Performance is calculated on the basis of net dividends being reinvested. Publication date:24 March /13
8 Presentation of the costs invoiced to the fund during the last financial year ended P SHARES IN USD Operating and management fees 0.60% + VAT Cost induced by the investment in other mutual funds or investment funds This cost is determined on the basis of: - the costs associated with purchasing the other mutual funds or investment funds - minus any commission sharing negotiated by the sub-fund's Asset Management Company Other fees invoiced to the Fund These other fees can be broken down into: - outperformance fees - transfer fees (in %) Total billed to the Fund over the past financial year 0,00% NB: portion of subscription fees and redemption fees that the Fund retains, deducted from transfer fees and transaction costs. 0.60% Operating and management fees These fees cover all the fees invoiced directly to the Fund, with the exception of the transaction costs, and the outperformance fee, if any. The transaction costs include intermediation fees (brokerage, stock market taxes, etc.) and the transfer fee. (See below.) The operating and management fees include, among others, the costs of financial management, compensating distributors, administrative and accounting management plus any foreign accreditation, depositary, custody and audit costs. Cost induced by the purchase of other mutual and/or investment funds Some funds invest in other mutual and or foreign investment funds (known as "target funds"). The purchase and ownership of a target fund (or an investment fund) cause the purchasing fund to incur two types of costs that are assessed here: - Subscription and redemption fees. However, the portion of these commissions that is due to the target fund is treated as transaction costs, and so is not counted here. - Costs that are invoiced directly to the target fund, which constitute indirect costs for the purchasing fund. In certain cases, the purchasing fund is able to negotiate shared commissions, i.e. rebates on some of these fees. These rebates reduce the total cost that the purchasing fund actually incurs. Publication date:24 March /13
9 Other fees invoiced to the Fund The Fund can be charged other fees. These are: - Outperformance fees. These reward the Asset Management Company when the Fund exceeds its objectives. - Transfer fees. The transfer fee is a fee invoiced to the Fund each time a transaction is made on the portfolio. The full prospectus details these fees. The Asset Management Company is entitled to such fees under the conditions specified in Section A of this simplified prospectus. Investors should note that these other costs are likely to vary significantly from year to year and that the figures presented here are those recorded during the previous year. Information on transactions during the latest financial year ending on ACTIONS P USD Transaction fees for the portfolio represented 0.04% (a) of the average asset holdings. The turnover rate of the shares portfolio was -11% (b) of the average asset holdings. The turnover rate of the equity portfolio excluding subscriptions and redemptions was 56% of the average asset holdings. The transactions between the Asset Management Company on behalf of the funds that it manages and its affiliated companies have represented, as a proportion of all transactions during this year: Asset Class Shares Transactions 25% maximum (a) (b) The rate is negative when the portion of the entry fees and exit fees due to the Fund deducted from the transaction fees is higher than the value of the transaction fees. This situation reflects the fact that the transaction fees do not include the market effect that cannot be measured in accounting terms. The turnover rate is negative when the aggregated value of the subscriptions and redemptions exceeds the aggregated value of purchases and sales of shares. This result is partially attributable to the transactions on derivatives that are not included in the value of the purchases and sales. Publication date:24 March /13
10 SSgA World Index Equity Fund I SHARES SIMPLIFIED PROSPECTUS SECTION B STATISTICS Fund s annualised performance as of 31 December 2007: (expressed in the Fund s reporting currency) I SHARES IN US 25.0% Annual Performance Performance 1 year 3 years 5 years Fund 9.05% None None 20.0% MSCI World 9.04% None None 15.0% 10.0% 5.0% 0.0% NOTICE: Past performance is no indication of future performance. Performance is not constant over time. Performance is calculated on the basis of net dividends being reinvested. Publication date:24 March /13
11 Presentation of the costs invoiced to the fund during the last financial year ended I SHARES IN USD Operating and management fees 0.24% + VAT Cost induced by the investment in other mutual funds or investment funds This cost is determined on the basis of: - the costs associated with purchasing the other mutual funds or investment funds - minus any commission sharing negotiated by the sub-fund's Asset Management Company 0,00% Other fees invoiced to the Fund These other fees can be broken down into: - outperformance fees - transfer fees (in %) Total billed to the Fund over the past financial year 0,00% NB: portion of subscription fees and redemption fees that the Fund retains, deducted from transfer fees and transaction costs. 0.24% Operating and management fees These fees cover all the fees invoiced directly to the Fund, with the exception of the transaction costs, and the outperformance fee, if any. The transaction costs include intermediation fees (brokerage, stock market taxes, etc.) and the transfer fee. (See below.) The operating and management fees include, among others, the costs of financial management, compensating distributors, administrative and accounting management plus any foreign accreditation, depositary, custody and audit costs. Cost induced by the purchase of other mutual and/or investment funds Some funds invest in other mutual and or foreign investment funds (known as "target funds"). The purchase and ownership of a target fund (or an investment fund) cause the purchasing fund to incur two types of costs that are assessed here: - Subscription and redemption fees. However, the portion of these commissions that is due to the target fund is treated as transaction costs, and so is not counted here. - Costs that are invoiced directly to the target fund, which constitute indirect costs for the purchasing fund. In certain cases, the purchasing fund is able to negotiate shared commissions, i.e., rebates on some of these fees. These rebates reduce the total cost that the purchasing fund actually incurs. Publication date:24 March /13
12 Other fees invoiced to the Fund The Fund can be charged other fees. These are: - Outperformance fees. These reward the Asset Management Company when the Fund exceeds its objectives. - Transfer fees. The transfer fee is a fee invoiced to the Fund each time a transaction is made on the portfolio. The full prospectus details these fees. The Asset Management Company is entitled to such fees under the conditions specified in Section A of this simplified prospectus. Investors should note that these other costs are likely to vary significantly from year to year and that the figures presented here are those recorded during the previous year. Information on transactions during the latest financial year ending on I SHARES IN USD Transaction fees for the portfolio represented 0.04% (a) of the average asset holdings. The turnover rate of the shares portfolio was -40% (b) of the average asset holdings. The turnover rate of the shares portfolio excluding subscriptions and redemptions was 56% of the average asset holdings. The transactions between the Asset Management Company on behalf of the funds that it manages and its affiliated companies have represented, as a proportion of all transactions during this year: Asset Class Shares Transactions 25% maximum (a) The rate is negative when the portion of the entry fees and exit fees due to the Fund deducted from the transaction fees is higher than the value of the transaction fees. This situation reflects the fact that the transaction fees do not include the market effect that cannot be measured in accounting terms. (b) The turnover rate is negative when the aggregated value of the subscriptions and redemptions exceeds the aggregated value of purchases and sales of shares. This result is partially attributable to the transactions on derivatives that are not included in the value of the purchases and sales. Publication date:24 March /13
13 SSgA World Index Equity Fund I SHARES in EUR share class and P hedged EUR share class SIMPLIFIED PROSPECTUS SECTION B STATISTICS This section has not been filled in owing to the fact that this class of shares is not yet one year old. Publication date:24 March /13
INFORMATION FOR SHAREHOLDERS OF THE SICAV. SSgA Financials Index Equity Fund
INFORMATION FOR SHAREHOLDERS OF THE SICAV «SSgA Financials Index Equity Fund» ISIN Code P USD Share class: FR0000018228 ISIN Code I USD Share class: FR0010588061 ISIN Code I EUR Share class: FR0011129550
More informationGLG INVESTMENTS PLC GLG GLOBAL CONVERTIBLE UCITS FUND SIMPLIFIED PROSPECTUS 6 February 2009
GLG INVESTMENTS PLC GLG GLOBAL CONVERTIBLE UCITS FUND SIMPLIFIED PROSPECTUS 6 February 2009 This simplified prospectus contains key information in relation to GLG Global Convertible UCITS Fund (the Portfolio
More informationJupiter Merlin International Equities Portfolio
Jupiter Merlin Funds Jupiter Merlin International Equities Portfolio Jupiter Asset Management Limited Product Key Facts April 2016 Product Key Facts This statement provides you with key information about
More informationSchroder International Selection Fund Emerging Markets Debt Absolute Return (the Fund )
Prepared on: 9 October 2015 This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Singapore Prospectus (the Prospectus
More informationHSBC International Select Fund MultiAlpha North America Equity
Simplified Prospectus JUNE 2009 HSBC International Select Fund MultiAlpha North America Equity GEDI:980234v8 GEDI:980234v10 GEDI:980234v13 GEDI:980234v15 VISA 2009/50683-3213-13-PS L'apposition du visa
More informationFor information purpose only only the French version of this prospectus is binding. LYXOR ETF IBEX35 FULL PROSPECTUS
For information purpose only only the French version of this prospectus is binding. LYXOR ETF IBEX35 FULL PROSPECTUS TABLE OF CONTENTS SUMMARY PROSPECTUS...2 STATUTORY AND REGULATORY DISCLOSURES...2 BRIEF
More informationUnderstanding mutual fund share classes, fees and certain risk considerations
Disclosure Understanding mutual fund share classes, fees and certain risk considerations Highlights Mutual funds may offer different share classes most commonly in retail brokerage accounts, Class A, B
More informationLAZARD GLOBAL INVESTMENT FUNDS PUBLIC LIMITED COMPANY LAZARD EMERGING MARKETS BOND FUND SIMPLIFIED PROSPECTUS. DATE 7 December 2010
LAZARD GLOBAL INVESTMENT FUNDS PUBLIC LIMITED COMPANY LAZARD EMERGING MARKETS BOND FUND SIMPLIFIED PROSPECTUS DATE 7 December 2010 This Simplified Prospectus contains key information in relation to Lazard
More informationIFP Global Franchise Fund
Investment Management April 206 IFP Global Franchise Fund Macquarie Professional Series Product Disclosure Statement IFP Global Franchise Fund This Product Disclosure Statement (PDS) is a summary of significant
More informationWalter Scott Global Equity Fund (Hedged) Macquarie Professional Series Product Disclosure Statement
Investment Management 1 July 2014 Walter Scott Global Equity Fund (Hedged) Walter Scott Global Equity Fund (Hedged) Macquarie Professional Series Product Disclosure Statement This Product Disclosure Statement
More informationIndustrial and Commercial Bank of China Limited Dealing frequency: Daily on each business day *
APRIL 2016 This statement provides you with key information about Income Partners RMB Bond Fund (the Sub-Fund ). This statement is a part of the offering document and must be read in conjunction with the
More informationGUTZWILLER ONE. Simplified Prospectus
GUTZWILLER ONE Contractual Investment Fund Under Swiss Law (Securities Fund) Simplified Prospectus 30.09.2013 www.swissfunddata.ch: spd-2830_00-20130930-en Fund Manager: Custodian Bank: E. Gutzwiller &
More informationBrown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale)
Summary Prospectus October 30, 2015 Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale) Before you invest, you may want to review the Fund s Prospectus, which
More informationAMUNDI ETF COMMODITIES S&P GSCI METALS UCITS ETF
AMUNDI ETF COMMODITIES S&P GSCI Semi-Annual report September 2015 AMUNDI S UCITS Fund manager : AMUNDI Delegated fund accountant : CACEIS FUND ADMINISTRATION FRANCE Custodian : CACEIS BANK FRANCE Auditors
More informationFREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS.
FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS December 31, 2014 Investment Adviser: MATSON MONEY, INC. 5955 Deerfield
More informationMacquarie Index Tracking Global Bond Fund Product Disclosure Statement
Macquarie Index Tracking Global Bond Fund Investment Management 4 July 206 Macquarie Index Tracking Global Bond Fund Product Disclosure Statement Contents. About Macquarie Investment Management Australia
More informationSUPPLEMENT Davy Strategic Global Equity Fund
Davy Funds p.l.c. An open-ended umbrella investment company with variable capital and segregated liability between sub-funds incorporated with limited liability in Ireland under the Companies Acts 1963
More informationLegg Mason Western Asset Asian Opportunities Fund
PRODUCT KEY FACTS Legg Mason Global Funds Plc Legg Mason Western Asset Asian Opportunities Fund Issuer: Legg Mason Asset Management Hong Kong Limited January 2015 This statement provides you with key information
More informationCARMIGNAC PATRIMOINE
FCP in compliance with European standards CARMIGNAC PATRIMOINE Coordinated French mutual fund (FCP) Prospectus July 2012 1. GENERAL CHARACTERISTICS STRUCTURE OF THE FUND French Mutual Fund (FCP) Name CARMIGNAC
More informationHSBC Mutual Funds. Simplified Prospectus June 8, 2015
HSBC Mutual Funds Simplified Prospectus June 8, 2015 Offering Investor Series, Advisor Series, Premium Series, Manager Series and Institutional Series units of the following Funds: HSBC Global Corporate
More informationSPDR S&P 500 Low Volatility UCITS ETF
SSGA SPDR ETFs Europe I Plc 2 November 2015 SPDR S&P 500 Low Volatility UCITS ETF Supplement No. 32 (A sub-fund of SSGA SPDR ETFs Europe I plc (the Company ) an open-ended investment company constituted
More informationEATON VANCE HEXAVEST GLOBAL EQUITY FUND Supplement to Summary Prospectus dated December 1, 2015
EATON VANCE HEXAVEST GLOBAL EQUITY FUND Supplement to Summary Prospectus dated December 1, 2015 1. The following replaces Fees and Expenses of the Fund : Fees and Expenses of the Fund This table describes
More informationSUPPLEMENT Davy Cautious Growth Fund
Davy Funds p.l.c. An open-ended umbrella investment company with variable capital and segregated liability between sub-funds incorporated with limited liability in Ireland under the Companies Acts 1963
More informationDWS (CH) Money Market Umbrella Fund
DWS (CH) Money Market Umbrella Fund Simplified Prospectus Umbrella fund under Swiss law (Type Other funds for traditional investments ) June 2012 Simplified prospectus as of June 2012 Simplified prospectus
More information3 Managed Asset Program. Simplified Prospectus
SIMPLIFIED PROSPECTUS JUNE 30, 2015 3 Managed Asset Program Simplified Prospectus iprofile Pools: iprofile Canadian Equity Pool iprofile U.S. Equity Pool iprofile International Equity Pool iprofile Emerging
More informationPRODUCT HIGHLIGHTS SHEET
Prepared on 18 January 2016 This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Singapore Prospectus 1 ( Prospectus
More information(expenses that you pay each year as a percentage of the value of your investment)
July 31, 2015 SUMMARY PROSPECTUS SAAT Core Market Strategy Allocation Fund (SKTAX) Class A Before you invest, you may want to review the Fund s prospectus, which contains information about the Fund and
More informationAnalytic Global Managed Volatility Fund Macquarie Professional Series Product Disclosure Statement
Investment Management 1 July 2014 Analytic Global Managed Volatility Fund Analytic Global Managed Volatility Fund Macquarie Professional Series Product Disclosure Statement This Product Disclosure Statement
More informationIntegrity Australian Share Fund
Integrity Australian Share Fund Product Disclosure Statement (PDS) Issued 21 June 2012 Contents 1 About Integrity Investment Management Australia Limited 2 How the Integrity Australian Share Fund works
More informationSIMPLIFIED PROSPECTUS NOVEMBER 12, 2015
SIMPLIFIED PROSPECTUS NOVEMBER 12, 2015 Offering Series A, Series A1, Series F, Series I, Series P, Series PF, Series Q and Series QF Shares SPROTT FOCUSED GLOBAL BALANCED CLASS* SPROTT FOCUSED GLOBAL
More informationSIMPLIFIED PROSPECTUS. PIMCO Funds: Global Investors Series plc CommoditiesPLUS Strategy Fund 9 February, 2010
SIMPLIFIED PROSPECTUS PIMCO Funds: Global Investors Series plc CommoditiesPLUS Strategy Fund 9 February, 2010 This Simplified Prospectus sets out information relating to the CommoditiesPLUS Strategy Fund
More informationHSBC Mutual Funds. Simplified Prospectus June 15, 2016
HSBC Mutual Funds Simplified Prospectus June 15, 2016 Offering Investor Series, Advisor Series, Premium Series, Manager Series and Institutional Series units of the following Funds: Cash and Money Market
More informationGUARDIAN CAPITAL FUNDS
GUARDIAN CAPITAL FUNDS SIMPLIFIED PROSPECTUS DATED APRIL 20, 2015 Offering Series W and Series I units Guardian Balanced Fund Guardian Balanced Income Fund Guardian Canadian Bond Fund Guardian Canadian
More informationInvestors in the D share class of the Contributing Fund will be moved into the A1 share class of the Receiving Fund
Schroder Alternative Solutions Société d'investissement à Capital Variable 5, rue Höhenhof, L-1736 Senningerberg Grand Duchy of Luxembourg Tel : (+352) 341 342 202 Fax : (+352) 341 342 342 18 May 2016
More informationProduct Key Facts. PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund. 22 December 2014
Issuer: PineBridge Investments Ireland Limited Product Key Facts PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund 22 December 2014 This statement provides you with key information about
More informationFMG GLOBAL HEDGE FUND LTD. Financial Statements (With Auditors Report Thereon) March 31, 2010 and 2009
Financial Statements (With Auditors Report Thereon) and 2009 KPMG Crown House Telephone 441 295-5063 4 Par-la-Ville Road Fax 441 295-9132 Hamilton HM 08, Bermuda www.kpmg.bm Mailing Address: P.O. Box HM
More informationBMO Global Asset Management (Asia) Limited 11 February 2016
Product Key Facts BMO MSCI EUROPE QUALITY HEDGED TO USD ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key
More informationBrown Advisory WMC Strategic European Equity Fund Class/Ticker: Institutional Shares / BAFHX Investor Shares / BIAHX Advisor Shares / BAHAX
Summary Prospectus October 30, 2015 Brown Advisory WMC Strategic European Equity Fund Class/Ticker: Institutional Shares / BAFHX Investor Shares / BIAHX Advisor Shares / BAHAX Before you invest, you may
More informationSimplified Prospectus
October 2007 Simplified Prospectus Robeco Capital Growth Funds Robeco US Premium Equities 1 Important Investment objective and policy This simplified prospectus contains key about the Sub-Fund. If you
More informationSimplified Prospectus
HSBC Global Investment Funds Euroland Value Creation Simplified Prospectus Information relating to all Sub-Funds Important Information Investment Objectives This simplified prospectus contains key information
More informationKEY INVESTOR INFORMATION DOCUMENT
KEY INVESTOR INFORMATION DOCUMENT This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature
More informationTMLS GLOBAL EQUITY FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY)
TMLS GLOBAL EQUITY FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY) This supplement forms part of the product summary. You should read this together with the relevant Product Summary. Description of the Fund
More informationSchroders Investment Trust ISA
April 2016 Key Features of the Schroders Investment Trust ISA The Financial Conduct Authority is the independent financial services regulator. It requires us, Schroders, to give you this important information
More informationPRODUCT HIGHLIGHTS SHEET
This Product Highlights Sheet is an important document. Prepared on: 18 March 2016 It highlights the key terms and risks of this investment product and complements the Prospectus 1. It is important to
More informationSeries of Shares B, B-6, E, F, F-6, O B, E, F, O O A, B
No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. The Funds and their securities offered under this Annual Information Form are
More informationAMUNDI ETF MSCI GERMANY UCITS ETF
AMUNDI ETF MSCI GERMANY UCITS ETF Semi-Annual report September 2015 AMUNDI S UCITS Fund manager : AMUNDI Delegated fund accountant : CACEIS FUND ADMINISTRATION FRANCE Custodian : CACEIS BANK FRANCE Auditors
More informationDREYFUS VARIABLE INVESTMENT FUND - APPRECIATION PORTFOLIO Supplement dated July 20, 2011 to Prospectus dated May 1, 2011
DREYFUS VARIABLE INVESTMENT FUND - APPRECIATION PORTFOLIO Supplement dated July 20, 2011 to Prospectus dated May 1, 2011 The following information supplements the information contained in the section of
More informationLONG TERM INVESTMENT FUND (SIA)
November 2010 Simplified Prospectus LONG TERM INVESTMENT FUND (SIA) LONG TERM INVESTMENT FUND (SIA) Natural Resources* Important Information Investment objective Investment policy This simplified prospectus
More informationSchroders Schroder Global Blend Fund
Schroders Schroder Global Blend Fund Product Disclosure Statement Issued 27 October 2014 Contact details Schroder Investment Management Australia Limited (ABN 22 000 443 274) (AFSL No: 226 473) Registered
More informationTMLS Singapore Cash Fund (the Fund ) is an investment-linked policy sub-fund offered by Tokio Marine Life Insurance Singapore Ltd.
TMLS SINGAPORE CASH FUND SUMMARY (SUPPLEMENT TO PRODUCT SUMMARY) This supplement forms part of the product summary. You should read this together with the relevant Product Summary. Description of the Fund
More informationSummary Prospectus September 28, 2015 PNC S&P 500 Index Fund Class A PIIAX Class C PPICX Class I PSXIX Class R4 PSPEX Class R5 PSFFX
Summary Prospectus September 28, 2015 PNC S&P 500 Index Fund Class A PIIAX Class C PPICX Class I PSXIX Class R4 PSPEX Class R5 PSFFX Before you invest, you may want to review the Fund s Prospectus, which
More informationADVISORSHARES TRUST. AdvisorShares Pacific Asset Enhanced Floating Rate ETF NYSE Arca Ticker: FLRT
ADVISORSHARES TRUST AdvisorShares Pacific Asset Enhanced Floating Rate ETF NYSE Arca Ticker: FLRT Supplement dated February 26, 2016 to the Summary Prospectus, Prospectus, and Statement of Additional Information
More informationBMO Global Asset Management (Asia) Limited 11 February 2016
Product Key Facts BMO NASDAQ 100 ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key information about this
More informationInvesco Funds Series 1-5 Consolidated Prospectus
Invesco Funds Series 1-5 Consolidated Prospectus 26 November 2010 Invesco Funds Series 1 Invesco Funds Series 2 Invesco Funds Series 3 Invesco Funds Series 4 Invesco Funds Series 5 Each an open-ended umbrella
More informationSPDR Wells Fargo Preferred Stock ETF
SPDR Wells Fargo Preferred Stock ETF Summary Prospectus-October 31, 2015 PSK (NYSE Ticker) Before you invest in the SPDR Wells Fargo Preferred Stock ETF (the Fund ), you may want to review the Fund's prospectus
More informationNuveen Tactical Market Opportunities Fund
Nuveen Tactical Market Opportunities Fund Summary Prospectus January 29, 2016 Ticker: Class A NTMAX, Class C NTMCX, Class I FGTYX This summary prospectus is designed to provide investors with key Fund
More informationMay 1, 2015 as amended June 1, 2015
INSTITUTIONAL INVESTOR May 1, 2015 as amended June 1, 2015 DATE TARGET FUNDS MyDestination 2005 Fund MyDestination 2015 Fund MyDestination 2025 Fund MyDestination 2035 Fund MyDestination 2045 Fund MyDestination
More informationBL A multiple sub-fund SICAV governed by Luxembourg law
A multiple sub-fund SICAV SIMPLIFIED PROSPECTUS JUNE 2010 Subscriptions may only be effected on the basis of this Prospectus or the complete prospectus, dated JUNE 2010. This Prospectus should be read
More informationPROSPECTUS October 1, 2015
PROSPECTUS October 1, 2015 CLOUGH FUNDS TRUST CLOUGH GLOBAL LONG/SHORT FUND Class A: CLOAX Class C: CLOCX Class I: CLOIX As with all mutual funds, the Securities and Exchange Commission has not approved
More informationThreadneedle Specialist Investment Funds ICVC
Simplified Prospectus (including important ISA Information) for investors in the United Kingdom December 2010 Threadneedle Specialist Investment Funds ICVC Threadneedle Specialist Investment Funds ICVC
More informationState Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU
Product Disclosure Statement State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU Issued 6 October 2015 by State Street Global Advisors, Australia Services Limited ABN 16 108 671 441, AFSL 274900
More informationHow To Manage A Subfund
Dexia Equities L Luxembourg Open-ended Investment Company (SICAV) Simplified prospectus September 2005 Dexia Equities L Luxembourg Open-ended Investment Company (SICAV ) 69, route d Esch L-1470 Luxembourg
More informationVarius Global Equity Fund
Varius Global Equity Fund Supplement to the Prospectus dated 12 May 2016 for Platform Capital UCITS ICAV An umbrella fund with segregated liability between sub-funds This Supplement contains specific information
More informationMin. Investment Class A Units Initial: USD 1,000 Additional: USD 250
Issuer: PineBridge Investments Ireland Limited Product Key Facts PineBridge Global Funds PineBridge Global Emerging Markets Bond Fund 22 February 2013 This statement provides you with key information about
More informationPROSPECTUS FRENCH UCITS (FONDS COMMUN DE PLACEMENT) BG LONG TERM VALUE NON OFFICIAL TRANSLATION FOR INFORMATION PURPOSES ONLY
PROSPECTUS FRENCH UCITS (FONDS COMMUN DE PLACEMENT) BG LONG TERM VALUE UCITS COMPLIANT WITH EUROPEAN NORMS Effective date: 7 May 2014 NON OFFICIAL TRANSLATION FOR INFORMATION PURPOSES ONLY CONTENTS KEY
More informationKey Investor Information. Objectives and Investment Policy. Risk and Reward Profile
Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationRetirement Balanced Fund
SUMMARY PROSPECTUS TRRIX October 1, 2015 T. Rowe Price Retirement Balanced Fund A fund designed for retired investors seeking capital growth and income through investments in a combination of T. Rowe Price
More informationSeix Total Return Bond Fund
Summary Prospectus Seix Total Return Bond Fund AUGUST 1, 2015 (AS REVISED FEBRUARY 1, 2016) Class / Ticker Symbol A / CBPSX R / SCBLX I / SAMFX IS / SAMZX Before you invest, you may want to review the
More informationZurich Investments Global Growth Share Fund APIR ZUR0580AU
Zurich Investments Global Growth Share Fund APIR ZUR0580AU Product Disclosure Statement (PDS) Preparation date 22 June 2012 Strategic investment partner: American Century Investments 1. About Zurich Investments
More informationINTREPID CAPITAL MANAGEMENT p.l.c.
INTREPID CAPITAL MANAGEMENT p.l.c. An open-ended umbrella investment company with variable capital and segregated liability between sub-funds incorporated with limited liability in Ireland under the Companies
More informationT. Rowe Price Wholesale Plus Global Equity Fund
T. Rowe Price Wholesale Plus Global Equity Fund Product Disclosure Statement ( PDS ) Issued 10 August 2015 ARSN 602 109 357 APIR BTA0538AU Contents 1. About BT Funds Management Limited 2 2. How the Fund
More information83118 - RMB counter 03118 - HKD counter. 100 Units- RMB counter 100 Units HKD counter 3.10% MSCI China A Index. Renminbi (RMB) 31 December
Issuer: Harvest Global Investments Limited PRODUCT KEY FACTS Harvest MSCI China A Index ETF A sub-fund established under the Harvest Funds (Hong Kong) ETF This is an exchange traded fund. This statement
More informationBMO Global Asset Management (Asia) Limited 11 February 2016
Product Key Facts BMO MSCI JAPAN HEDGED TO USD ETF BMO Global Asset Management (Asia) Limited 11 February 2016 Quick facts This is an exchange traded fund. This statement provides you with key information
More informationHow To Invest In American Funds Insurance Series Portfolio Series
American Funds Insurance Series Portfolio Series Prospectus May 1, 2015 Class 4 shares American Funds Global Growth Portfolio American Funds Growth and Income Portfolio Class P2 shares American Funds Managed
More informationNuveen Real Estate Securities Fund
Nuveen Real Estate Securities Fund Summary Prospectus April 30, 2015 Ticker: Class A FREAX, Class C FRLCX, Class R3 FRSSX, Class R6 FREGX, Class I FARCX This summary prospectus is designed to provide investors
More informationGoldman Sachs SICAV Funds. How to Invest Guide
Goldman Sachs SICAV Funds How to Invest Guide Contents Opening an Account 1 General Fund Information 1 Dealing 2 Transfers 2 Confirmations and Statements 3 Bank Details and Settlement 3 Contact 6 Opening
More information9 Questions Every ETF Investor Should Ask Before Investing
9 Questions Every ETF Investor Should Ask Before Investing 1. What is an ETF? 2. What kinds of ETFs are available? 3. How do ETFs differ from other investment products like mutual funds, closed-end funds,
More informationHERMES GLOBAL HIGH YIELD BOND FUND. (a sub-fund of Hermes Investment Funds public limited company) SUPPLEMENT
If you are in any doubt about the contents of this Supplement, you should consult your stockbroker, bank manager, solicitor, accountant or other independent financial adviser. The Directors of the Company,
More informationSPDR MSCI South Korea Quality Mix ETF
SPDR MSCI South Korea Quality Mix ETF Summary Prospectus-January 31, 2016 QKOR (NYSE Ticker) Before you invest in the SPDR MSCI South Korea Quality Mix ETF (the Fund ), you may want to review the Fund's
More informationT. Rowe Price Target Retirement 2030 Fund Advisor Class
T. Rowe Price Target Retirement 2030 Fund Advisor Class Supplement to Summary Prospectus Dated October 1, 2015 Effective February 1, 2016, the T. Rowe Price Mid-Cap Index Fund and the T. Rowe Price Small-Cap
More informationThe Scottish Investment Trust PLC
The Scottish Investment Trust PLC INVESTOR DISCLOSURE DOCUMENT This document is issued by SIT Savings Limited (the Manager ) as alternative investment fund manager for The Scottish Investment Trust PLC
More informationADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015
ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 Before you invest in the AdvisorShares Fund, you may want to review the Fund s prospectus and statement of additional
More informationBMO Mutual Funds 2015
BMO Mutual Funds 2015 SEMI-ANNUAL FINANCIAL STATEMENTS BMO Select Trust Conservative Portfolio NOTICE OF NO AUDITOR REVIEW OF THE SEMI-ANNUAL FINANCIAL STATEMENTS BMO Investments Inc., the Manager of the
More informationTD Emerald Funds. TD Asset Management. Simplified Prospectus. Offering Institutional Class units of: TD Emerald Canadian Treasury Management Fund
TD Asset Management TD Emerald Funds Simplified Prospectus Offering Institutional Class units of: TD Emerald Canadian Treasury Management Fund TD Emerald Canadian Treasury Management Government of Canada
More informationPROSPECTUS ON 5 MAY 2014. Characteristics Denomination currency. Minimum subscription amount FR0010434019 Capitalisation Euro All investors None
ECHIQUIER PATRIMOINE PROSPECTUS ON 5 MAY 2014 I. General characteristics: I-1 Form of the fund Name: Fund governed by European Directive 2009/65/EC ECHIQUIER PATRIMOINE Legal form and member state in which
More informationNuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016.
NUVEEN INTELLIGENT RISK CONSERVATIVE ALLOCATION FUND SUPPLEMENT DATED APRIL 18, 2016 TO THE SUMMARY PROSPECTUS DATED DECEMBER 31, 2015 Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated
More informationBeing a registered shareholder
Being a registered shareholder -1- What are the various ways of holding securities? In pure registered form. Your securities and identity are registered in your name at Société Générale, enabling the bank
More informationPROSPECTUS LYXOR ETF WISE QUANTITATIVE STRATEGY
PROSPECTUS LYXOR ETF WISE QUANTITATIVE STRATEGY Page 1 TABLE OF CONTENTS DETAILED MEMORANDUM... 3 REGULATIONS... 13 Page 2 UCITS COMPLIANT WITH EU STANDARDS LYXOR ETF WISE QUANTITATIVE STRATEGY DETAILED
More informationWealth Management Education Series. Explore the Field of Mutual Funds
Wealth Management Education Series Explore the Field of Mutual Funds Wealth Management Education Series Explore the Field of Mutual Funds Managing your wealth well is like tending a beautiful formal garden
More informationJULIUS BAER MULTIBOND Société d'investissement à capital variable 25, Grand-Rue, L 1661 Luxembourg R.C.S. Luxembourg B-32.
JULIUS BAER MULTIBOND Société d'investissement à capital variable 25, Grand-Rue, L 1661 Luxembourg R.C.S. Luxembourg B-32.187 (the Company ) Notice to the shareholders of the Subfunds ABS FUND, ABSOLUTE
More informationAnaxis Bond Opportunity US 2017
French FCP (mutual fund) Approval date: 23 November 2012 Publication date: 28 January 2016 UCITS subject to European Directive 2009/65/EC Contents Section I: Prospectus Part A - General features Part B
More informationAMENDMENT NO. 1 dated October 26, 2015
AMENDMENT NO. 1 dated October 26, 2015 To the SIMPLIFIED PROSPECTUS dated June 29, 2015 in respect of EXEMPLAR GROWTH AND INCOME FUND (Series A, AN, F, FN, I, L and LN units) EXEMPLAR YIELD FUND (Series
More informationSIMPLIFIED PROSPECTUS DECEMBER 6, 2013. IG Putnam Low Volatility U.S. Equity Fund
SIMPLIFIED PROSPECTUS DECEMBER 6, 2013 IG Putnam Low Volatility U.S. Equity Fund 1 Simplified Prospectus Offering Series A, B, C, Jdsc, Jnl and U Mutual Fund Units 1 of IG Putnam Low Volatility U.S. Equity
More informationWells Fargo/SSGA Global Equity Index CIT COLLECTIVE FUND DISCLOSURE
Wells Fargo/SSGA Global Equity Index CIT COLLECTIVE FUND DISCLOSURE Wells Fargo/SSGA Global Equity Index CIT This disclosure summarizes information about the Wells Fargo/SSGA Global Equity Index CIT G
More informationADVANCE INTERNATIONAL SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS)
ADVANCE INTERNATIONAL SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) Issued: 1 July 2015 ARSN 087 295 501 APIR ADV0053AU Contents 1. About Advance Asset Management Limited... 2 2. How the Fund
More informationSTANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED
This document is issued by Standard Life Investments Property Income Trust Limited (the "Company") and is made available by Standard Life Investments (Corporate Funds) Limited (the AIFM ) solely in order
More information