Pure Capital - Independent asset management

DM Windsor Multi Opportunities Fund B EUR UCITS Données valides au 09/02/2021

A sub-fund of the PCFS SICAV (Société d'Investissement à Capital Variable) - Management Company: Pure Capital S.A. - Investment Manager: EMIM (Emerging Markets Investment Management Limited).


Description

Objectives and Investment Policy

The objective of the sub-fund is to achieve long-term capital growth, independently of market performance: it pursues an absolute return strategy.

To achieve this, the Investment Manager (Emerging Markets Investment Management Limited, hereinafter "EMIM") follows an asset allocation policy, without reference to any benchmark, with maximum flexibility in terms of investments, sectors or geographical areas. It may take long/short or short positions through derivatives, but mainly implements directional strategies with a long bias.

Thus, DM Windsor Multi Opportunities Fund is a sub-fund investing mainly, directly or indirectly, in the equity market, without any restriction, including geographical, and in the bond market. The allocation between asset classes will reflect EMIM's micro and macroeconomic analysis. The sub-fund may not invest more than 10% of its net assets in units of UCITS funds or other UCIs.

Niveau de risque (SRRI)

1
2
3
4
5
6
7
Rendement potentiellement plus faible
Risque plus faible.
Rendement potentiellement plus élevé
Risque plus élevé.

* The Synthetic Risk and Reward Indicator (SRRI) ranks investment risk on a scale of 1 to 7. It is based on historical volatility data. A lower indicator score indicates a lower risk, and also a lower potential return. A higher indicator score indicates a higher risk, and also a higher potential return. A risk level of 1 does not mean that the investment is without risk. There is no guarantee that the risk level indicated will not change over time.


FUND CHARACTERISTICS

Key information

  • Name : PCFS – DM Windsor Multi Opportunities Fund B EUR
  • Classification: Flexible asset allocation - Global
  • ISIN code : LU2161993758
  • Bloomberg ticker : DMWMOEB LX Equity
  • Type : Undertaking for collective investment in transferable securities (UCITS)
  • Legal form : A sub-fund of the “PCFS” Luxembourg SICAV fund
  • Inception date : September 14th 2020
  • NAV on inception : EUR 100
  • Currency : EUR
  • Benchmark: none
  • Share type : Accumulation
  • Term : Indefinite 
  • Minimum recommended investment horizon: 5 years 
  • Investor type : Retail 
  • Investment Manager : EMIM (Emerging Markets Investment Management Limited)
  • Management company : Pure Capital S.A. 
  • Auditor : PwC Luxembourg 
  • NAV publication : Bloomberg, Beama.be

Fees and charges

  • Management fee: 1.2%
  • Performance fee: 20%, with High Water Mark
  • Ongoing charges (including management fee): 4.72%
  • Subscription fee: None
  • Redemption fee : 1%, for the account of the UCI

Subscriptions and Redemptions

  • Minimum investment requirement: EUR 10.000
  • Cut-off: 10:00 am (CET)
  • NAV valuation frequency: Weekly (each Friday)
  • Settlement date: Max. D+4
  • Transfer agent / Depositary: RBC Investor Services Bank S.A.
  • Swing pricing applicable: No

Main risks

  • Equity risk: The price of an equity security may vary, sometimes due to factors that have nothing to do with the company’s intrinsic value. Equity prices may be affected by economic factors and market conditions, such as a general decrease in share prices or conditions that affect one or more specific issuers, such as changes in earnings forecasts.
  • Interest rate risk: An increase in interest rates may cause the value of the sub-fund’s bonds to decrease.
  • Credit risk: An issuer may be unable to meet its obligations. If an issuer’s solvency position deteriorates, the value of the issuer’s bonds or of derivative instruments that are linked to this issuer may decrease.
  • Counterparty risk: The sub-fund may suffer losses if a counterparty defaults and is unable to meet its obligations, particularly if the transaction with the counterparty involves over-the-counter derivatives.
  • The risk of using certain financial techniques: The use of complex products, such as derivative contracts, may amplify changes in the price of the sub-fund’s securities.
  • Liquidity risk: The sub-fund invests in markets which may be adversely affected by a decrease in liquidity. These market conditions may affect the price at which the asset manager buys or sells a given security.
  • Discretionary management risk: Since the investment strategy is based on projected changes in the various markets, there is a risk that the sub-fund may not be invested in the best-performing markets at any one time.
  • Emerging Markets Risk: Investment in emerging markets may involve a high degree of risk due to the absence of developed legal structures governing private or foreign investments.
  • Operational risk: The risk of an error or wrongdoing on the part of a party involved in the management, valuation and/or custody of the sub-fund’s assets.

Disclaimer

Before investing in this fund, you should carefully read the Key Investor Information Document ("KIID"), the prospectus and all other relevant information, which are available free of charge on request to Pure Capital S.A. (tel: +352 26 39 86) or on its website www.purecapital.eu. The KIID is available in English and in at least one of the official languages of each country in which the sub-fund is authorized for marketing. The prospectus, the semi-annual report and the annual report are available in English.

The information presented above does not constitute investment advice and is intended solely for marketing purposes.

Past performance is not a reliable indicator of future results. Performance may vary over time. Investments in this fund are subject to market fluctuations and investors may not recover all of their initial investment. EMIM may vary the fund’s future exposures, allocations and investments as it deems appropriate to accommodate different market conditions. There can be no guarantee that investment objectives will be met.

Management fees, depositary bank fees, and all other fees and charges indicated in the prospectus as borne by the fund are included in the calculation of its net asset value and consequently of its performance. 

The custodian may charge annual custody fees that are determined by the custodian. For more information about these fees prospective investors must contact their custodian.

The taxation of this financial product depends on the investor’s specific situation. In Belgium: 

  • Withholding tax: Over 10% of this sub-fund’s portfolio is invested in debt securities. The income on these securities is subject to a 30% withholding tax.
  • 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 obtain information about their rights on the link https://www.purecapital.eu/legal.html. A summary is available in French and English.  

Any claims and complaints may be addressed in writing to the management company, Pure Capital S.A., at its registered office at 2 rue d’Arlon, L-8399 Windhof, Grand-Duchy of Luxembourg. In Belgium: if investors are not satisfied with the handling of these claims or complaints, they may submit them to Ombudsfin, mediation service for financial services whose address is North Gate II, Boulevard du Roi Albert II, n° 8 bte.2, 1000 Brussels, tel.: +32 2 545 77 70, fax: +32 2 545 77 79, e-mail: ombudsman@ombudsfin.be, either in a separate written message or using the complaint form available online at https://www.ombudsfin.be/en/individuals/introduce-complaint/.

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

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