Emirates NBD SICAV Emirates MENA High Income Fund Term Sheet

Transcription

1 Investment objective The Emirates NBD SICAV Emirates MENA High Income (the Fund ) is a Sub-Fund of the Emirates NBD SICAV that aims to provide a high level of income and some capital growth from a managed portfolio of MENA securities. The Sub-Fund will use an active management style (utilizing both a top down approach to determine country and sector allocations and a bottom up approach to select individual securities) and take advantage of price distortions and specific opportunities that display potential for strong gains. The Sub-Fund will primarily invest in equities, but may also take exposure to other suitable asset classes such as fixed income instruments and cash. Income will be distributed on a semi-annual basis with a target rate of USD 3 month LIBOR plus basis points. There is however no guarantee that the target distribution rate will be met. For complete details, together with a full list of the Fund s investment restrictions, please refer to the latest Prospectus, available upon request. Type Fund Manager Investment Manager Open ended, UCITS compliant SICAV MDO Services, Regulated by Dubai Financial Services Authority Share Classes A Share Class B Share Class C Share Class G Share Class I Share Class P Share Class A (USD) Acc B (USD) Acc C (USD) Acc G (USD) Acc I (USD) Acc P (USD) Acc A (USD) Inc G (USD) Inc I (USD) Inc Minimum Initial Investment A Share Class B Share Class C Share Class G Share Class I Share Class P Share Class A (USD) Acc A (USD) Inc USD USD G (USD) Acc G (USD) Inc I (USD) Acc 1,000,000 I (USD) Inc 1,000,000 USD 5,000,000 Minimum Top-up A Share Class B Share Class C Share Class G Share Class I Share Class P Share Class A (USD) Acc A (USD) Inc USD USD G (USD) Acc G (USD) Inc I (USD) Acc 250,000 I (USD) Inc 250,000 USD 250,000 Page 1 of 5

2 Dealing frequency Upfront Fee Daily A, G, I and P Share Classes: Up to 5%, unless otherwise specified [Agreed bid/offer spread %] Signature: B and C Share Classes: 0% Annual Management Fee A, B*, C* and G* Share Classes: 1.75% p.a. I and P Share Classes: 1.50% p.a. Performance Fee P Share Class: 0% performance fee A, B, C, G and I Share Classes: 10% of the return above a hurdle rate return Redemption Fee A, G, I and P Share Classes: 0% B Share Class: 1.20%, applicable for redemptions during the first 12 months C Share Class: Period Exit Fee Up to 12 Months 5.0% 12 months to 24 months 4.0% 24 months to 36 months 3.0% 36 months to 48 months 2.0% 48 months to 60 months 1.0% More than 60 months 0% Switching Administrator Custodian Auditors Legal Counsel It is possible to switch between all the Share Classes, subject to meeting the minimum requirements of each Share Class at the time.** State Street Fund Services (Luxembourg) Limited State Street Custodial Services (Luxembourg) Limited Ernst and Young (Luxembourg) Arendt & Medernach *An additional distribution fee of 0.50% p.a applies ** Switching between share classes will be considered as a redemption and subscription and any relevant exit charges may be applicable. The Fund is neither capital protected, nor guaranteed. Page 2 of 5

3 IMPORTANT NOTES Emirates NBD SICAV is domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier. This product has been arranged by Emirates NBD Asset Management Limited ( Emirates NBD AM ), regulated by the Dubai Financial Services Authority ( DFSA ), as part of its continuing efforts to present clients with innovative financial solutions. Upon investment into the product, investors undertake to be bound by the terms and conditions of the product as set out in this Term Sheet and the detailed Prospectus of the Fund, as drafted and amended, from time to time, by the Fund Manager/ Investment Manager. Investors are requested to review and understand the product and all associated investment risks before making a commitment. This document should not be construed as investment advice, it is for information purposes only and under no circumstances should it be regarded as an offer to buy or sell the product or any other investment and neither Emirates NBD Bank PJSC ( Emirates NBD ) nor any of its subsidiaries or affiliates will be responsible for any loss, direct, indirect or opportunity, arising as a result of the publication of this document. In case of doubt, you should consult your financial advisor. The Fund is a Sub-Fund of the Emirates NBD SICAV. The Prospectus and Key Investor Information Document ( KIID ) of the SICAV form an integral part of the contract with the Investor and should be read in conjunction with this. Unless otherwise stated, capitalised terms shall have the same meaning as ascribed to them in the Prospectus. In the event of an inconsistency, the Prospectus will take precedence over this. Investors should note that there may be delays in dealings caused by different business days between the UAE and Luxembourg. All deals will be executed on a best endeavours basis. Neither Emirates NBD nor any of its subsidiaries or affiliates will take any responsibility for losses, direct, indirect or opportunity, caused as a result of delays in dealing into the Fund. Investors should particularly bear in mind the risk warnings relating to the Emirates MENA High Income Fund contained in the Prospectus, a copy of which can be obtained from Emirates NBD AM. The Fund Prospectus relates to a Fund which is not subject to any form of regulation or approval by the DFSA. The Fund Prospectus is intended for distribution only to persons of a type as classified by the DFSA s Rules (i.e. Professional Client ) and must not, therefore, be delivered to, or relied on by, any other type of person. The DFSA has no responsibility for reviewing or verifying any Prospectus or other documents in connection with this Fund. Accordingly, the DFSA has not approved the Fund Prospectus or any other associated documents nor taken any steps to verify the information set out in the Fund Prospectus, and has no responsibility for it. The units to which the Fund Prospectus relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers of the units offered should conduct their own due diligence on the units. If you do not understand the contents of the Fund Prospectus you should consult an Independent Financial Adviser. In the event that you choose not to seek advice from an Independent Financial Adviser before investing in the Fund, you should consider whether the Fund is suitable for you. Past performance is not indicative of future performance. The value of investments and the income derived from them may go down as well as up and you may not receive back all the money which you invest. Risk factors The Fund is subject to a high level of risk as it is exposed to market factors such as global macro-economic trends, currency fluctuations, interest rate fluctuations, inflation and the performance of issuers of securities. Full details of all the risks the Fund is exposed to are provided in the Prospectus, available upon request. The Fund is neither capital protected, nor guaranteed. Page 3 of 5

4 I/we wish to invest in the and have been advised that the detailed Prospectus and KIIDs of the Fund form an integral part of the contract entered into with the Investor. I/we have been advised of the risk warnings relating to the Fund contained in the Prospectus. I/we select investment into the following share class: A (USD) Acc (minimum investment USD ) A (USD) Inc (minimum investment USD ) B (USD) Acc (minimum investment USD ) C (USD) Acc (minimum investment USD ) G (USD) Acc (minimum investment USD ) G (USD) Inc (minimum investment USD ) I (USD) Acc (minimum investment USD 1,000,000) I (USD) Inc (minimum investment USD 1,000,000) P (USD) Acc (minimum investment USD 5,000,000) I /We understand that this application will not be accepted unless the share class information has been completed. I/We have completed the for the purposes of switching from the Share Class to the Share Class. I/We confirm that I/we would like any dividends to be paid as follows: TT/credit my bank account - Swift code: Bank Name A/c No: I/we understand that, for requests to transfer proceeds to accounts outside of Emirates NBD group, transfer charges may apply. I/we declare that I/we have read and understood the above terms and conditions as well as the detailed explanation as set out in the Fund Prospectus and Key Investor Information Document (KIID). I/we acknowledge that the carries investment risk and I accept the potential risks associated with this type of investment, it being further understood that such risks could lead to a loss of all or a substantial portion of my/our investment. I/we acknowledge that I/we must receive, prior to subscribing for shares in the Emirates NBD SICAV, a copy of the current KIID(s) for the relevant share class(s) that I/we intend to subscribe for. Page 4 of 5

5 I/we specifically consent and acknowledge that, prior to subscribing for shares in the Emirates NBD SICAV, a copy of the current KIID(s) for the relevant share class(s) that I/we intend to subscribe for will be provided to me/us by making them accessible free of charge on instead of that such information will be provided to me/us on paper. The address of this website and the location of these will be notified to me/us by means of electronic mail addressed to the e- mail address as follows: for correspondence: For the avoidance of doubt, my right to request a paper copy of the KIIDs free of charge remains unaffected. Investor 1 Investor 2 Investor 3 Name: Name: Name: Date: Date: Date: Page 5 of 5