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ANNEXE 1 – EYQUEM FUND S.C.A. SICAV SIF- INDEXIS II
A Dedicated Fund of the EYQUEM FUND S.C.A.
Investment objective and policy:
Indexis II seeks long term capital growth by capitalizing on the investment opportunities that exist in western
world countries. The main focus will be continental European equities and bonds, but some investments could
be made as well in Americas and some enhanced Asian countries.
A balance between equities and bonds will secure both long term growth potential of the fund as well as a
guaranteed stream of revenues to cover the fund’s costs.
The Indexis II will primarily hold investments in equities or bonds, but will have also the ability to hold cash,
investment funds and other securitized instruments; it may also invest in assets denominated in any currency
and currency exposure may be hedged.
The Indexis II objective is intended to be achieved through a diversified portfolio in terms of issues and issuers.
Investors are informed that at the Fund Manager’s discretion a significant proportion of the Indexis II’s assets
may be concentrated at any one time in one of these collective investment schemes taking due care that the
latter has equivalent diversification rules.
At its discretion, the Fund Manager may at any time invest the entire assets of the Indexis II in one category of
transferable securities and may for cash management purposes invest in liquidity funds or place money in
liquid assets including cash.
The number of investments in the portfolio may be limited and may vary at the discretion of the Fund
Manager who will be continuously looking for new opportunities and may therefore buy or sell according to
Indexis II investment objectives and policy.
Investor Profile
The Indexis II has been designed for investors who are looking for main exposure to the continental European
market but with potentially some level of exposure to other markets in the world. It is therefore ideal for
investors who are looking to a diversified portfolio aimed at producing long term capital growth.
Due to the specific nature of the continental European market in terms of economic, currency and political
risks the Indexis II is suitable for investors with a 3 to 5 year investment horizon.
Risk Profile
- The Indexis II will primarily hold investments in equities and bonds, together with some target investment
funds and derivatives.
- Investors will be exposed to stock market fluctuations and the financial performance of the companies held
within the Indexis II portfolio. Therefore, investors may see the value of their investment fall as well as rise
over time; investors may also receive less than their original investment.
- Investors should also be aware that the Indexis II is exposed to the particular political and economic risks of
European zone, but also potentially Americas and Asia; which although providing a focused investment and the
potential of higher returns, it also further limits the room for risk diversification within the Fund.
- To the extent that the Indexis II invests into other UCIs, these investments may entail a duplication of certain
fees and expenses for the shareholders, for instance the commissions for the custodian, the administration
agent, management / advisory fees and issue / redemption fees on the level of invested UCIs.
Possible share classes in this Dedicated Fund:
Investment Management fee:
Date of activation
ISIN CODE
Class A: Capitalisation of income
EUR
Normal
Novembre 2012
LU0609432579
Class B: Distribution of income
EUR
Normal
Novembre 2012
LU0609432736
Class C: Capitalisation of income
EUR
Medium
To be announced
Class D: Distribution of income
EUR
Medium
To be announced
Class E: Capitalisation of income
EUR
Reduced
To be announced
Class F: Distribution of income
EUR
Reduced
To be announced
Class X: Capitalisation of income
EUR
None
Novembre 2012
Class Y: Distribution of income
EUR
None
To be announced
LU06094329
Management fee (maxima, can be reduced or waived):
5% per annum charged for Class A and B each, once activated.
2.50% per annum charged for Class C and D each, once activated.
0.5% per annum charged for Class E and F each, once activated.
0.00% per annum charged for Class X and Y each, once activated.
Administration fee (levels also subject to additional minimum charges as in fee schedule):
1% per annum charged for Class A and B each, once activated.
0.50% per annum charged for Class C and D each, once activated.
0.25% per annum charged for Class E and F each, once activated.
0.00% per annum charged for Class X and Y each, once activated.
Custodian Bank Safekeeping fees (levels also subject to additional transaction and ancillary charges as in fee
schedules):
1% per annum charged for Class A and B each, once activated.
0.50% per annum charged for Class C and D each, once activated.
0.25% per annum charged for Class E and F each, once activated.
0.10% per annum charged for Class X and Y each, once activated.
Transaction fees of 0,10% capped at 500 € per transaction for those share classes X and Y.
Performance fees (Investment Advisor or Asset Manager or Gérant Commandité): 0 % for share class X and Y,
and as defined in the Asset management agreement for all other classes of shares.
Share creation charge: none for share class X and Y, determined as per below for all other share classes.
Director fees (members of the Board): as per Directors contracts, no Director’s fees charged for the Share
Class X and Y.
External audit fees: cap of 2.500 € +VAT per year for this sub-fund.
Out of pocket fees: disbursements and out-of-pocket expenses (including without limitation travel, telephone,
telex, cable and postage expenses) incurred by the Investment Advisor and/or the Investment Manager, the
Custodian Bank, the Administrative agent, the external Auditor, any Director, independent Expert or any other
provider of the fund, will not be borne by the Sub Fund. Such expenses will be charged to another Sub Fund of
the EYQUEM Umbrella, split as per Director’s (Gérant) decision.
Total cap of cost: a maximum charges of 6.000 € per year including all providers of the fund (custodian,
management, auditors, regulators, other suppliers) will be applied to the share classes X and Y of this Sub Fund
apart from the so called “taxe d’abonnement” as well as transaction fees.
Reference Currency
EUR
Valuation frequency:
Yearly or more frequently upon request of the “Gérant”.
Subscription Price / Redemption Price
Investors will have their Shares allotted at the Net Asset Value per Share as of the relevant Valuation Day plus
any applicable subscription charge. Shares are redeemed at their Net Asset Value per Share minus any
applicable redemption fees.
Classes of Shares: conditions for offering
- Class A to F: classes offered to Well-Informed Investors and Institutional Investors accepted by the Directors
- Class X and Y: classes offered to Well-Informed Investors and Institutional Investors accepted by the Board of
Directors with approval from the majority of existing shareholders of this class representing the majority of the
shares of this class.
Initial Issue Price:
EUR 10 per Share for share classes X and Y,
EUR 1000 per share for all other share classes.
Minimum Initial Investment:
EUR 1,000 for Class A, B, C, D, E, F, X, Y
Minimum Subsequent Investment :
EUR 1,000
Subscription, redemption and conversion deadline
Upon request of the Fund Manager or from its own initiative, the Directors can decide to request a calculation
of an additional Net Asset Value –so called ad hoc valuation day- for this fund at any time to allow subscribers
and redeemers to process their transactions at any time during the year.
Subscriptions: 12 p.m. Luxembourg time two (2) Business Days prior to the applicable regular or ad hoc
Valuation Day. Applications received by the Registrar and Transfer Agent after this time will be deemed to
have been received on the following Business Day.
Redemptions: 12 p.m. Luxembourg time two (2) Business Days prior to the applicable regular or ad hoc
Valuation Day. Applications received by the Registrar and Transfer Agent after this time will be deemed to
have been received on the following Business Day.
Conversions: 12 p.m. Luxembourg time two (2) Business Days prior to the applicable regular or ad hoc
Valuation Day. Applications received by the Registrar and Transfer Agent after this time will be deemed to
have been received on the following Business Day.
Subscription Charges
- Class A to F: Those share classes will be subject to a maximum Subscription Charge of 5% of the Subscription
Price. The full amount of the Subscription Charge may be paid to Intermediaries involved in the offering of
Shares or by default to Indexis II itself.
- Class X and Y: There will be no initial charge payable on subscription. Investors will receive an initial
allotment of Shares equivalent to 100% of their subscription amount.
The Directors of the fund might decide to waive this Subscription Charges for specific investors.
Share Creation Charge
The Indexis II classes A to F will be subject to a monthly charge, equal to 0.05% per year of every subscription
amount received, which will be borne by the Indexis II classes A to F only, in the form of a Share Creation
Charge applied to the Indexis II on a monthly basis over a period of forty eight (48) months from the date of
each subscription.
The Share Creation Charge shall apply to all initial subscriptions and any subsequent subscriptions. The full
amount of the Share Creation Charge may be paid to Intermediaries involved in the offering of Shares. The
remaining will be allotted to the Indexis II.
Class X and Y Shares are not subject to this charge.
The Directors of the fund might decide to waive this Sales Creation Charge for specific investors.
Subscriptions in Kind
Subscriptions in kind are allowed in principle in this Sub Fund. The Fund Manager or the Directors (“Conseil de
Gérance”) might decide to appoint an independent expert, an external auditor or the central Administration
agent in order to assess the actual fair value of the assets brought to the Sub Fund. Assets brought in to the
Share classes X and Y will be valued by common agreement between the Directors (“Conseil de Gérance”) and
the subscriber(s), upon advice from the Central Administration and the Custodian bank. This valuation will be
performed free of charge for the subscribers or the Indexis II.
Redemption Charge
Class A to F:
Redemptions will be subject to an early redemption charge of a percentage of the value of the redemption
proceeds of between 4% and Nil. This is calculated starting at 4% and reducing by 1% per year calculated over
a period of 4 years from the date of issue of Shares. Such charge will be deducted from the redemption
proceeds in favor of The Indexis II.
Directors have the discretion to waive or reduce the redemption charge where the Directors’ deem that to do
so would be in the best interests of shareholders in the Fund.
Class X and Y shares are not subject to this charge.
The General Partner can decide at any time to request the listing of a specific shareclass (es) to the
Luxembourg Stock Exchange and its eligibility into clearing platforms.
In this case, this (these) specific share(s) would not be subject to any restriction like Share creation charges,
Subscription charges, Redemption charges and Lock-up periods.