M&L CAPITAL MANAGEMENT GLOBAL FUNDS ICAV

Transcription

1 M&L CAPITAL MANAGEMENT GLOBAL FUNDS ICAV Supplementary Information Document Date: 26 MAY 2016 This Supplementary Information Document (the SID ) gives you important additional information about investing in the sub-fund of M&L Capital Management Global Funds ICAV (the ICAV ). You should read it in conjunction with the Key Investor Information Documents ( KIIDs ) for the sub-fund of the ICAV, M&L Growth Fund (the Sub-Fund ). All the information contained in the KIIDs and the format and terminology used is required by law to help you understand the nature of an investment and the risks associated with it. Please make sure you have read the contents of this SID and the KIIDs before deciding to invest, to ensure you are able to make an informed decision. We will ask you to declare that you have received an up-to-date KIID and this SID. Introduction Potential investors are advised to read the ICAV s Prospectus dated 20 May 2016 and the Supplement for the Sub- Fund before making an investment decision. The rights and duties of the investor as well as the legal relationship with the ICAV are laid down in the Prospectus and the Supplement. All terms used herein but not defined have the meaning given in the Prospectus and the Supplement. The products and services outlined in the SID and Prospectus are open to UK, EEA and Singapore investors only. US persons, US residents or benefit plan investors covered by the Employee Retirement Income Security Act 1974 (ERISA) are not eligible investors for the Sub-Fund. Contact details M&L Capital Management: from 9am to 5pm Capita Financial Administrators (Administrator): from 9am to 5pm Website:

2 How do I invest? Applications for Shares in the Sub-Fund should be made by written application using the Application Form available from the Administrator. Signed, original Application Forms, duly completed together with all supporting documentation in relation to money laundering prevention checks, should be sent to the Administrator promptly, in accordance with the instructions contained in the Application Form, prior to the Subscription Cut-Off Time. Application Forms may be sent by facsimile provided that the signed original version (including all support documentation in relation to money laundering prevention checks) is sent to the Administrator by post immediately thereafter. When can I buy/sell my investment? Shares are available for subscription on each Dealing Day. Applications must be received by the Administrator before the Dealing Deadline (4.00 pm Irish time) on a Dealing Day and Shares will be issued on that Dealing Day at the Net Asset Value per Share calculated at the Valuation Point on that day. Subscription payments must be made within three Business Days of the relevant Dealing Day on which the Shares are deemed to be issued. Shares may be redeemed on any Dealing Day, provided that the redemption request is received by the Administrator prior to the Dealing Deadline. Redemption proceeds will be paid by electronic transfers and will be sent normally within three Business Days of the Dealing Day on which the redemption is effected provided all original account opening documentation has been received by the Administrator. How much can I invest? Your investment will be used to invest in Shares of the Sub-Fund as directed on your Application Form. The Minimum Initial Subscription, Minimum Additional Subscription and Minimum Holding amounts for the Sub-Fund are set out in the Supplement. What documentation will I receive after investing? Every six months we will send you a copy of the ICAV s annual and half-yearly report and accounts for your Sub-Fund, which detail the Sub-Fund s investments and performance. These reports will be published four months and two months, respectively, after the end of the appropriate annual or halfyearly accounting period each year. Statements are issued monthly detailing the value of your holding and any transactions that you may have made during that period. Prices are available from Bloomberg, Reuters and on the M & L Capital Management Limited website, Can I change my mind? Cancellation rights do not apply. How much will any advice cost? You may have a different payment arrangement with your financial adviser in which instance you should ask your financial adviser for details. 1

3 How do I sell my investment? Shareholders may request that Shares be redeemed on any Dealing Day by completing and submitting a redemption request to the Administrator in accordance with the procedures set out in the Prospectus. Shares will be redeemed at the applicable NAV per Share on the Dealing Day as of which the redemption is effected, subject to any applicable fees associated with such redemption. Subject to any provisions contained herein, distributions in respect of redemptions will be paid in full (on the basis of unaudited data) in the applicable Class Currency of the Shares being redeemed normally within three Business Days after the relevant Dealing Day and in any event will not exceed ten (10) business days. All payments will be made by transfer to the bank account previously designated by Shareholders for such purpose. What happens to my investment on death? For accounts held in more than one name, the Account will continue in the name(s) of the surviving investors. For Accounts in only one name, the executors or administrators of the deceased where he was a sole or surviving holder, shall be the only person recognised by the ICAV as having title to his interest in the Shares. How do I notify the ICAV of a change to my personal details? All notifications of a change to personal details must be made in writing to: Capita Financial Administrators (Ireland) Limited Second Floor 2 Grand Canal Square Grand Canal Harbour Dublin 2 Ireland The Income from your Investment Can I take any income from my investment? The Sub-Fund issues both distribution class shares and accumulation class shares. The Directors do not currently intend to declare any dividends in respect of the accumulation class shares. Accordingly, net investment income on the Sub-Fund s investments attributable to the accumulation class shares is expected to be retained by the Sub-Fund. The Directors may declare a dividend for distribution class shares, arising out of the net investment income, if any of the Sub-Fund attributable to the distribution class shares. How will income be paid? For distribution class shares, dividends will be declared semi-annually and paid to the distribution class shares Shareholders on record of the Sub-Fund within ten (10) Business Days of 31 March and 30 September in each year. Any net income arising in respect of the Sub-Fund will be distributed to investors in the Sub-Fund in accordance with their respective shareholdings. 2

4 My question isn t covered above; what do I do? If you have a financial adviser you should speak to them. Alternatively, you can contact M&L Capital Management: If you are an intermediary you can contact the Administrator on the dealing line: Additional Information Prospectuses / Investment Manager s reports You, as either an existing or potential investor, can ask for free copies of the latest prospectuses and annual and half-yearly ICAV s reports, by contacting M&L Capital Management on You can also visit Data protection For the purposes of the Data Protection Act 1998, the data controller, in relation to any personal data you supply, is the ICAV and, subject to contract, we may wish to appoint independent data processors. With limited exceptions, you have the right of access to the data that we hold about you. A fee, not exceeding the statutory maximum, may apply and a request in writing is required to the: Board of Directors, C/O the registered office (Second Floor, 2 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland). From time to time we may want to make your name and address available to the Investment Manager to enable information about other investment services to be sent to you by letter, telephone or other reasonable means of communication. If you do not wish us to use your data in this manner please write to the Board of Directors, C/O the registered office (Second Floor, 2 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland). Please see the Application Form for full information on the use of this information. Money Laundering We are required, in certain circumstances, to make checks on lump sum and regular savings transactions in order to comply with the requirements of the current UK Money Laundering Regulations, the FCA Rules and the current Joint Money Laundering Steering Group guidance. These checks involve the need to obtain independent documentary verification of the identity and permanent address of the person applying to open the account, and of any third party making payments into the account. The checks may include an electronic search of information held about such a person on the electoral roll and the use of credit reference agencies. Completion of our application forms represents permission from you to access this information, in accordance with the Data Protection Act We are also required to record details of all beneficial owners of collective investments (i.e. in circumstances where one person owns these investments acting on behalf of another person, for 3

5 example a trustee, we will need information on the person(s) on whose behalf the investments are held). Consequently we also need this information to be provided. Complaints Any formal complaint should be made, in writing, to the UK Representative or by telephoning on Disability act If you require a copy of this brochure in large text, please call M&L Capital Management on International tax reporting In order to comply with our obligations pursuant to the agreement between Ireland and the United States to implement the Foreign Account Tax Compliance Act ( FATCA ) and under the OECD Common Reporting Standard ( CRS ) we may be required to collect and report information about your tax residency and financial information regarding your interests in the Sub-Fund. Under certain circumstances, we will be obliged to report this information to the Irish Revenue Commissioners. This information may be passed on to relevant overseas tax authorities, including the HM Revenue & Customs, those in other European Union states, the United States of America, or other jurisdictions who have implemented the CRS regime or other exchange of information or tax reporting regime, as appropriate. If you have any questions about your tax residency, you should consult your tax advisor. Additional Information for UK investors The Sub-Fund has been passported into the UK pursuant to section 264 of the Financial Services and Markets Act This means the Sub-Fund is considered to be a recognised scheme by the UK Financial Conduct Authority, although the Central Bank of Ireland is the primary regulator for the ICAV and the Sub-Fund. The following information is required to be disclosed to UK investors. The UK Representative for the ICAV and the Sub-Fund is M&L Capital Management Limited. The ICAV may be contacted through its UK Representative, and documents may be served on the ICAV at the UK Representative s address, 2 nd Floor, Arthur House, Chorlton Street, Manchester, M1 3FH. The following facilities will be maintained at the above address by the UK Representative. Any person may inspect the following documents free of charge: (a) the instrument constituting the ICAV; (b) any instrument amending the instrument constituting the ICAV; (c) the latest Prospectus and Supplement; (d) the latest KIIDs; and (e) the latest annual and half-yearly reports. Copies in English of documents (c) and (d) may be obtained from the UK Representative free of charge, and copies in English of documents (a); (b) if relevant; and (e) may also be obtained from the UK Representative although a reasonable charge may be imposed for such copies. Information is available from the UK Representative in English about prices of shares in the Sub-Fund, and investors may redeem or arrange for redemption of shares and obtain payment by contacting the UK Representative on the number supplied on the first page. No bearer certificates are available for the shares. 4

6 Complaints may be submitted to the UK Representative, by writing to M&L Capital Management Limited, 2 nd Floor, Arthur House, Chorlton Street, Manchester, M1 3FH 5