Glg investments vi plc prospectus 2020

For the U. Quantitative measures fund performance. Large Cap Equity Fund, RIM has contractually agreed, until February 28, , to waive up to the full amount of its advisory fee for the Fund and then to reimburse the Fund for other direct Fund-level expenses to the extent that direct Fund-level expenses exceed 0. On January 2, , RIC reorganized by changing its domicile and legal status to a Massachusetts business trust. These arrangements are not part of the Administrative Agreement with RIC and may be changed or discontinued. The following paragraphs list the current waivers and those that were in effect during the last three fiscal years.

About Diageo

To the best of the knowledge and belief of the Directors who have taken all reasonable care to ensure that such is the case the information contained in this document is investmens accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility accordingly. This Prospectus may be translated into other languages and such translations shall contain only the same information as this Prospectus. In the event of any inconsistency or ambiguity in relation to the meaning of any word or phrase in any translation, the English text shall prevail and all disputes as to the terms thereof shall be governed by, and construed in accordance with, the law of Ireland. Additional information relating to the Man AHL Portfolios as listed pld of the Company is set out in the Man AHL Supplement invstments forms part of, and should be read in the context of, and together with this Prospectus.

Europe, Middle East, Africa

This site uses cookies and by using the site you are consenting to this. Find out why we use cookies and how to manage your settings. More about cookies. Back to listing. Press release. A copy of the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.

To the best of the knowledge and belief of the Directors who have taken all reasonable care to ensure that such is the case the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility accordingly. This Prospectus may be translated into other languages and such translations shall contain only the same information as this Prospectus.

In the event of any inconsistency or ambiguity in relation to the meaning of any word or phrase in any translation, the English text shall prevail and all disputes as to the terms thereof shall be governed by, and construed in accordance with, the law of Ireland. Additional information relating to the Man AHL Portfolios as listed below of the Company is set out in the Man AHL Supplement which forms part of, and should be read in the context of, and together with this Prospectus.

Prospective investors should seek the advice of their legal, tax and financial advisers if they have any doubts regarding the contents of this Prospectus. The authorisation of the Company by the Central Bank shall not constitute a warranty as to the performance of the Company and the Central Bank shall not be liable for the performance or default of the Company. Authorisation of the Company by the Central Bank is not an endorsement or guarantee of the Company by the Central Bank nor is the Central Bank responsible for the contents of the Prospectus.

No persons receiving a copy of this Prospectus or the accompanying Application Form in any such jurisdiction may treat this Prospectus or such Application Form as constituting an invitation to them to subscribe for Shares, nor should they in any event use such Application Form, unless in the relevant jurisdiction such an invitation could lawfully be made to them and such Application Form could lawfully be used without compliance with any registration or other legal requirements.

No Shares shall be issued in the United States or to any U. Person other than pursuant to the provisions of this Prospectus. The Shares have not been, nor will they be, registered or qualified under the United States Securities Act ofas amended the «Securities Act» or any applicable securities laws of any state or other political sub divisions of the United States of America.

Except with respect to Permitted U. Any sales or transfers of Shares in violation of the foregoing shall be prohibited and treated by the Company as void. All applicants and transferees of Shares must complete an Application Form which confirms, among other things, that a purchase or a transfer of Shares would not result in a sale or transfer to a person or an entity which is a U. Person precluded from the purchase of Shares hereunder.

In reliance on Section 3 c 7 of the U. Investment Company Act ofas amended the «U. Company Act»neither the Company nor any Portfolio will register as an investment company because any Shares sold within the United States will be sold on a private placement basis, to persons who are qualified purchasers as defined in Section 2 a 51 of the U.

Company Act and the regulations thereunder. The Company does not intend to permit investments by benefit plan investors as defined under Section 3 42 of the U. Notwithstanding anything to the contrary herein, each investor and each employee, representative or other agent of such investor may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of i the Company and ii any of its transactions, and all materials of any kind including opinions or other tax analyses that are provided to the investor relating to such tax treatment and tax structure, it being understood that tax treatment and tax structure do not include the name or the identifying information of the Company, any of the Portfolios or the parties to a transaction.

Any further information or representations given or made by any dealer, broker or other person should be disregarded and, accordingly, should not be relied. No person has been authorised to give any information or to make any representation in connection with the offering of Shares in the Company other than those contained in this Prospectus and in any subsequent half-yearly or annual report for the Company and, if given or made, such information or representations must not be relied on as having been authorised by the Company, the Directors, the Manager, the relevant Investment Manager, a Distributor, the Administrator or the Custodian.

Statements in this Prospectus are based on the law and practice currently in force in Ireland at the date hereof and are subject to change. Neither the delivery of this Prospectus nor the issue of Shares shall, under any circumstances, create any implication or constitute any representation that the affairs of the Company have not changed since the date hereof.

The value of Shares and the income from them may go down as well as up, and investors may not get back the amount invested. An investment in the Company should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.

Your attention is also drawn to the section entitled Certain Investment Risks. The difference at any one time between the sale and repurchase price of Shares in the Company means that the glg investments vi plc prospectus 2020 should be viewed as medium to long term. An investment in the Company is not in the nature of a deposit in a bank account and is not protected by any government, government agency or other guarantee scheme which may be available to protect the holder of a bank deposit account.

Consequently, there is the risk that the principal invested in the Company is capable of fluctuation and there is a significant risk of the loss of the entire amount of the value of an investor s investment. Investors should be aware that the Directors may declare dividends out of capital in respect of the distributing Share Classes being those share classes which include Dist in the name of the Share Class and that in the event that they do, the capital of such Shares will be eroded, such distributions will be achieved by forgoing the potential for future capital growth and that this cycle may be continued until all capital in respect of the Shares is depleted.

The investment objective and policies for each Portfolio will be formulated by the Directors at the time of creation of such Portfolio. The assets of the Company will be invested in accordance with the restrictions and limits set out in the UCITS Regulations and such additional investment restrictions, if any, as may be adopted by the Directors. As the Company is availing of the provisions of the Investment Funds, Companies and Miscellaneous Provisions Act,it is intended that each Portfolio will have segregated liability from the other Portfolios and that the Company will not be liable as a whole to third parties for the liability of each Portfolio.

However, investors should note the risk factor Company s Liabilities under Investment Risks. Investors in the Company will be provided with an opportunity to invest in a professional manner in order to achieve optimum return on capital invested. The Company offers a choice of Portfolios, each of which issues a separate Class of Shares to allow investors a choice of strategic allocation.

The extent to which each GLG Portfolio may invest in FDIs and adopt policies in relation to leverage will be formulated and agreed by the Directors on an individual Portfolio basis.

The description of each GLG Portfolio s investment objective is set out. Investors should refer to the section entitled Investment Risks for information in relation to the risks associated with the use of FDI. These criteria include, amongst other factors, credit worthiness, reputation, regulatory oversight, fees and charges and reliability. The counterparties to swap transactions will be institutions subject to prudential supervision and belonging to categories approved by the Central Bank.

The Manager employs a risk management process in respect of the Company which enables it to accurately measure, monitor and manage the various risks associated with FDI. A statement of this risk management process has been submitted to the Central Bank. The Company will, on request, provide supplementary information to Shareholders relating to any risk management methods to be employed by the Company in respect of any GLG Portfolio, including the quantitative limits that are applied, and any recent developments in the risk and yield characteristics of the main categories of investments.

Any FDI contemplated by this Prospectus but which are not included in the risk management process will not be utilised until such time as a revised risk management process has been provided to the Central Bank.

All GLG Portfolios, with the exception of Man Commodities Fund, will utilise an Absolute VAR approach which aims to ensure that the value-at-risk of the relevant Portfolio, measured using a 20 day one month holding period and a historical return observation period of 1 year unless the risk manager believes that the current risk environment is better represented by applying a longer or shorter observation period, will be no greater than of the Net Asset Value of the Portfolio.

Man Commodities Fund will utilise a Relative VAR approach which aims to ensure that the value-atrisk of the Portfolio will be no greater than twice the value-at-risk of a comparable benchmark portfolio, or where there is no comparable benchmark portfolio, the value-at-risk of the Portfolio, measured. The value-at-risk of a Portfolio is a daily estimation of the maximum loss the Portfolio may incur over a specified holding period.

This process is described in detail in the statement of risk management procedures of the Company. The investment objectives and policies and investment restrictions in respect of the Man Numeric Portfolio are set out in the Numeric Supplement.

At the date of this Prospectus, the following GLG Portfolios have been established with the following investment objectives and policies and subject to the restrictions specified in Investment Powers and Restrictions. The Portfolio s investment policy is to provide Shareholders with positive returns linked to the performance of a reference basket the Reference Basket. The Reference Basket is comprised primarily of securities of government and corporate issuers in North America and of issuers which derive a substantial portion of their revenues from activities in North America.

Further detail in respect of the Reference Basket is set out hereunder. Accordingly, the Portfolio may invest principally in financial derivative instruments. The objective of the Reference Basket is to provide investors with positive returns.

There is no assurance that the Reference Basket s objective will be achieved. As stated above, the Reference Basket will be comprised primarily of investments in securities of government and corporate issuers in North America and of issuers which derive a substantial part of their revenues from activities in North America.

The Reference Basket s investment policy will be to seek to achieve positive returns through investments in short, medium and, to a lesser extent, long-term investment opportunities. This policy will be pursued through a strategy of active re-balancing within the Reference Basket and by primarily holding listed equities including, without limitation, common stock and other equity and equity-linked securities which may include but are not limited to such instruments as options and swaps.

The Reference Basket may also hold exchange traded funds ETFswhich are expected to be located in OECD Member States, which may be regulated or unregulated and which are consistent with the Portfolio s investment objective and restrictions. The Reference Basket may include ancillary liquid assets such as time deposits. The Reference Basket will not have any sectoral specialisation.

The Reference Basket s asset allocation can respond dynamically to the Investment Manager s analysis of changing market trends and opportunities. In addition, financial derivative instruments may also be used for hedging purposes. Shareholders should have regard to the risk warnings set out in the Investment Risks section of the Prospectus.

The Reference Basket may use derivative instruments such as swaps including contracts for differencesexchange traded and OTC call and put options and exchange traded and OTC futures and forward contracts. For example, contracts for differences may be used to secure a profit or avoid a loss by reference to fluctuations in the value or price of property of any description or in an index or other factor designated for that purpose in the contract.

Swaps may be used to achieve a profit as well as to hedge existing long positions. Where, for example, the Reference Basket undertakes a total return swap in respect of equities, financial indices, bonds or commodity indices, it will obtain a return which is based principally on the performance of the underlying assets of the swap plus or minus the financing charges agreed with the counterparty.

Such swap arrangements involve the Reference Basket taking on the same market risk as it would have if it held the underlying assets of the swap itself and the return sought is the same financial rewards as if the Reference Basket held the underlying security or index, plus or minus the financing costs that would have occurred had the transaction been fully funded from the outset. Options may be used to hedge or to achieve exposure to a particular market instead of using a physical security.

Futures contracts may be used to hedge against market risk or to gain exposure to a particular market or risk type. For example, the Investment Manager may use equity index futures to gain exposure to equity markets as an alternative to individual equities. Forward contracts may be used to hedge or to gain exposure to a change in the value of an asset, currency or deposit. The Reference Basket may purchase financial derivative instruments generally using only a fraction of the assets that would be needed to purchase the relevant securities directly.

The Investment Manager may seek to achieve greater returns by purchasing financial derivative instruments and investing the remaining assets of the Reference Basket in other types of securities permitted under its investment policies in order to add excess return. The use of financial derivative instruments by the Reference Basket may therefore increase its risk profile. The Reference Basket may also be leveraged as a result of its use of financial derivative instruments.

These limits can be changed in the sole discretion of the Directors, subject to advance notification to the Shareholders in the Portfolio.

The net effect of the Swap will be to provide the Sub-Fund with the economic performance of the Reference Basket in exchange for the Sub-Fund paying a floating rate of return to the Counterparty.

The Counterparty may provide collateral to the Portfolio so that the Portfolio s risk exposure to the Counterparty is reduced to the extent required by the Central Bank. Collateral will be in the form required by the Central Bank. Fully Funded Swaps are swap agreements pursuant to which a Portfolio transfers a cash amount in full consideration of the swap value to the counterparty.

In return the Portfolio will be entitled to receive the performance of the relevant investment strategy under the terms of the swap agreement. The counterparty will transfer collateral to the Portfolio in accordance with the UCITS rules to mitigate credit risk to the counterparty arising from entering into the swap agreement.

Fully Funded Swaps are used to enhance the liquidity of the Portfolio. The Portfolio will be leveraged through the use of financial derivative instruments. However, the leverage effect and additional market risk arising from such financial derivative instruments will be managed in accordance with the value-at-risk provisions as set out on page 1 hereof.

Attention should be drawn to the fact that one derivative contract may partially or perfectly offset the market risk of another derivative contract. Derivative contracts may also reduce the risks associated with holdings in non-derivative products eg, on shares and bonds. Disclosure of the gross notional value of derivatives is a requirement under UCITS, and as this measure does not allow for the netting or offsetting just described, it does not necessarily represent the market risk incurred through the use of derivatives.

Profile of a Typical Investor Investment in the Portfolio is suitable for investors seeking a reasonable return through both capital and appreciation of income. This is primarily due to the focus of the Portfolio on equity investments, which tend to have a relatively high volatility for glg investments vi plc prospectus 2020 purposes of SRRI calculations, when compared to other investment categories. The Portfolio will invest primarily in securities of issuers in Europe or of issuers which derive a substantial part of their revenues from activities in Europe.

The Portfolio will invest predominantly in common stocks and other equity and equity linked instruments of such issuers, including, without limitation, equity derivatives.

DISCLAIMER – INTENDED ADDRESSEES

You should retain this SAI for future reference. Albert Glg investments vi plc prospectus 2020. Furthermore, each Trustee possesses the following specific attributes: Mr. These policies and restrictions are described elsewhere in detail in this SAI. State Street also provides basic portfolio recordkeeping required for each Fund for regulatory and financial reporting purposes. Links to our social media pages are provided only as a reference and courtesy to our users. Connealy has had experience with other investment companies and their investment advisers, first as a partner in the investment management practice of PricewaterhouseCoopers LLP and, subsequently, as the senior financial executive of two other investment organizations sponsoring and managing investment companies; Ms. Past Waivers: For the U. Unconstrained Total Return Fund. Daniel P. Asset Level. There were no reimbursements for the periods ended October 31,and Global Infrastructure Fund. For the Short Duration Bond Fund, RIM has entered into a contractual fee waiver agreement, until February 28,that results in an effective advisory fee not to exceed 0. The following paragraphs list the current waivers and those that were in effect during the last three fiscal years.