|Fund name||Value Flexible Strategy Class A|
|Legal structure||Luxembourg reserved alternative fund|
The investment objective of the Sub-Fund is to offer investors the opportunity to participate in the returns mostly of transferable securities quoted on the most important stock exchanges directly or through investments in collective undertakings for investment in transferable securities (UCITSs) authorised pursuant to UCITS Directive 2009/65/EC and/or other UCIs within the meaning of Article 1, paragraph 2, first and second indent of said Directive.
The aim of the Sub-Fund is to seek capital and revenue gains by investing in money market instruments and in quoted transferable securities, whether equities, bonds or commodities directly or through investments in undertakings for collective investments in transferable securities (UCITS), or UCIs or AIFs. A large part of the assets of this Sub-Fund may be invested in funds of the same promoter. The Sub-Fund is actively managed, and the policy pursued under the management of this Sub-Fund is flexible and asset allocation will be made according to the situation on the different markets in which it operates. The investment policy is mainly implemented investing in equity, bond and money markets funds, as well as in funds and funds of funds, insofar as such an investment contributes to the realisation of capital gains pursued by the Sub-Fund, taking into account the specific costs relating to this type of investment. Investment in UCIs which are themselves geared to investing their assets in other UCI units must not exceed 70%. The Sub-Fund may also invest in hedge funds and private market funds and, generally may invest directly or indirectly in assets with valuation timing longer then weekly, up to 30% of its Net Asset Value in order to capture any potential market opportunity that will arise, including, but not limited to, Real Estate Investment Trust (REIT) and Delta One Securities. The Sub-Fund may do co-investments directly or through SPV. The Sub-Fund may invest directly or indirectly, in shares, bonds, money market instruments and derivatives of any kind and nature to complete its portfolio by adapting to the market situation. The Sub-Fund may also achieve its investment objective by investing a maximum amount of 30% of its Net Asset Value in unlisted securities. The Sub-Fund may also use a leverage effect. Investors are advised that the investment in funds which are themselves geared to investing their assets in open-end undertakings for collective investment may entail a duplication of costs. Investors are also advised that a portion of the portfolio could be invested in assets with a liquidity cycle longer than that of the Sub-Fund.
|Depository bank||Caceis Bank Luxembourg SA|
|How to subscribe it||
The Funds managed by Ersel Gestion Internationale S.A. can be subscribed by sending an order to the Transfer Agent and Custodian Bank of the Fund. Investor Services Team:
For institutional investors the orders can also be transmitted through the following distributors: Allfunds Bank, Mfex, Fund Channel.
|NAV calculation frequency||Weekly|
|Fund units publication||Fundsquare.net|
|Maximum management fees||0.15% on an annual basis|
|Minimum amount of the first subscription||125.000 euro|
|Minimum amount of subsequent subscriptions||0|