Pure Capital - Independent asset management

All Weather Fund

Objectives and Investment Policy

The objective of the Sub-Fund is to achieve long term capital growth by gaining exposure to a range of asset classes including equities, fixed income, corporate bonds, real estate, commodities, foreign exchange and alternative strategies through its investments in a diversified portfolio of Eligible collective investment schemes, independently from the performance of the markets. The Sub-Fund will have a high level of diversification and may gain exposure to all types of equities and fixed income asset classes without any restrictions in terms of market capitalization, geographical zones and sectors. The Eligible Collective Investment Schemes selected for investment will be chosen from a range of jurisdictions and will provide exposure to the above-mentioned asset classes globally. It is not intended that the Sub-Fund will be at any time fully invested in any one asset class mentioned above and the amount invested in any one asset class may vary from time to time.

The Sub-Fund’s portfolio will not be managed or constructed in accordance with any benchmark and will be actively managed. The Sub-Fund currency will be USD.

The allocation between all these asset classes, countries and sectorial sectors will reflect the ongoing analysis of the Investment Manager. The Investment Process incorporates a long-term strategic asset allocation, based on the Investment Managers All Weather framework, together with a tactical asset allocation which tilts allocations according to the fundamental analysis of the Investment Manager. The All Weather strategic asset allocation seeks to diversify exposures in asset classes that are generally expected to outperform on a relative basis during a range of favourable and unfavourable macro-economic environments. The tactical asset allocation follows a disciplined and rules driven process of tilting exposures towards those asset classes which, according to the Investment Manager, exhibit favourable factor attributes and away from asset classes with less favourable factor tributes. These factors may include valuation, momentum and volatility amongst others. Thus, the allocation of the portfolio between the different asset classes and categories of UCITS or other UCIs but also the weighting of geographical zones, sectors, ratings and maturities may vary substantially with the time according to the Investment Manager’s discretion.

Investor profile

The Sub-Fund is available to all investors who want to participate in the opportunities offered by the international (including a portion in the emerging countries) equity and debt markets. The product is compatible with investors who may bear capital losses and who do not need capital guarantee. The product is compatible with clients looking for growing their capital and who wish to hold their investment over 5 years.


Available Share Classes - PRIIPS-KID

This is an advertising communication. Please refer to the prospectus and the Key Information Documents (PRIIPS-KID), for the UCITS before making any final investment decision. These are available free of charge on request from Pure Capital S.A. (tel: +352 26 39 86) or on its website www.purecapital.eu. The PRIIPS-KID is available in English. The prospectus, the half-yearly report and the annual report are available in English.

The information presented above does not constitute investment advice and is intended for promotional purposes. It is neither a binding contractual document nor a disclosure document required by law, and is not sufficient for making an investment decision.

Past performance is not a reliable indicator of future results. Performance may vary over time. Investments are subject to market fluctuations and the investor may get back less than is invested. Exposures, allocations and investments may vary in the future in response to different market conditions at Pure Capital's discretion. There can be no guarantee that the investment objectives will be achieved.

The management and custodian fees, as well as any other costs which, in accordance with the prospectus, are charged to the sub-fund, are included in the calculation of the net asset value and, consequently, the performance.

An annual custody fee may be charged by the account holder. They vary from one institution to another. To find out about them, it is necessary to ask it.

The tax treatment of this product depends on the investor's situation. For example, in Belgium, the tax treatment may be the following:

  • Withholding tax on dividends paid by the SICAV: 30%
  • Withholding tax on capital gains (Reynders tax): 30%
  • Transactions tax: No tax is charged when purchasing the sub-fund. A 1.32% tax is charged when selling accumulation shares only. This tax is capped at €4,000.

Investors can find out about their rights at https://www.purecapital.eu/legal.html. A summary is available in English and French.

Any complaints or claims can be addressed in writing to the company's head office: Pure Capital S.A., 2 rue d'Arlon, L-8399 Windhof, Grand Duchy of Luxembourg, for the attention of Mr Thierry Léonard, Managing Partner. If the handling of these complaints by the internal service does not satisfy the investor, they may, for Belgium, be submitted to Ombudsfin, Financial Services Ombudsman, North Gate II, Boulevard du Roi Albert II, n° 8 bte. 2, 1000 Brussels, e-mail: ombudsman@ombudsfin.be in writing or via the online complaint form http://www.ombudsfin.be/fr/particuliers/introduire-une-plainte/.

Pure Capital S.A. may decide to cease the marketing of its collective investment schemes in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

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