Risk Premia Multi asset Funds SICAV

The Sub-Fund’s investment objective is to seek long term capital growth by investing via a diversified global asset allocation in a flexible exposure to bonds, currencies and equities markets without any specific geographical or sector-specific allocation, directly or indirectly through securities and derivatives. Depending on the market’s conditions the allocation of the Sub-Fund will change. 

The Sub-Fund may gain indirect exposure to commodities for a maximum of 15% via derivatives whose constituents are eligible commodity indices, in compliance with CSSF Circular 14/592 relating to the Guidelines of the European Securities and Markets Authority (ESMA) on ETFs and other UCITS issues, or by investing in other eligible instruments including Exchange Traded Commodities (ETC) and/or UCITS/UCIs, including ETFs, and exchange traded notes qualifying as transferable securities within the meaning of article 41 of the 2010 Law. 

In addition, the Sub-Fund may also invest in certificates on financial indices and/or on equities and/or on debt securities of any kind up to 10 % of its assets, provided that these investments and their underlying are compliant with the 2010 Law and with the Grand-Ducal Regulation of 8 February 2008. 

The Sub-Fund will only invest in bonds with a credit risk rating from a rating agency registered in the EU, or with an equivalent internal risk assessment from the manager of the Sub-Fund. 

The Sub-Fund will only invest in bonds for which the credit risk rating is a minimum of "High Yield" (B- from Standard & Poor's or Fitch, or B3 from Moody's). In the event that a credit rating of a held bond subsequently deteriorates to below "High Yield" (B- from Standard & Poor's or Fitch, or B3 from Moody's), the affected assets will be sold within six months, unless they are rated at High Yield again during this period.

Investments in subordinated bonds which can be converted from debt to equity upon occurrence of a trigger event pre-defined in the contractual terms and conditions, or whose nominal amount can be reduced (so-called CoCo bonds), will only account for a maximum of 5% of the Sub-Fund.

The Sub-Fund provides investors with exposure to global bond markets by investing in globally issued government and/or corporate bonds including money market instruments, like Exchange Traded Funds (ETFs), or UCITS that may primarily invest in a sector or in a bond market index.

The Sub-Fund can use derivatives, including contracts for difference (the “CFDs”), either for portfolio management purposes or hedging activities.

The Sub-Fund may use different instruments on currencies other than the Sub-Fund’s valuation currency for exposure or hedging purposes.

The Sub-Fund may hold up to 20% of its net assets of ancillary liquid assets. Ancillary liquid assets shall mean exclusively bank deposits at sight, such as cash held in current accounts with a bank accessible at any time. The mentioned 20% limit shall only be temporarily breached for a period of time strictly necessary when, because of exceptionally unfavourable market conditions, circumstances so require and where such breach is justified having regard to the interests of the investors.

The Sub-Fund may hold up to 49% of its total assets in any combination of bank deposits, money market instruments and/or money market funds.

The Sub-Fund may invest in units of UCITS and/or other UCIs up to 10% of its net assets. The maximum management fees of the target investment funds will be 2.00% p.a. of the NAV.

The Sub-Fund may invest in target funds managed by the Management Company or being advised by the Investment Advisor. Fees will not be duplicated and investment in such target funds will be made through zero management fee share classes at the level of such target funds.

The Sub-Fund is actively managed and is not managed in reference to a benchmark.

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. 

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 Rudy Hoylaerts, Conducting Officer. 

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.