The Fund seeks to achieve a total return which exceeds the return of the composite performance benchmark (90% FTSE Italy All Share Capped and 10% cash).
The Fund complies with the requirements of the PIR regulation introduced in Italy (tax-exempt and long-term individual savings plans).
The Fund’s currency exposure is hedged vis-à-vis the base currency of the Fund (Euro).
Please read the following important information about the Fund
Algebris Core Italy Fund (the “Fund”) is a sub-fund of Algebris UCITS Funds plc (the “Company”) an investment company with variable capital incorporated with limited liability in Ireland with registered number 509801 and established as an umbrella fund with segregated liability between sub-funds pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) 2011. Algebris Investments (Ireland) Limited is the UCITS Management Company and Investment Manager of the Fund. Algebris Investments (Ireland) Limited is authorised and regulated by the Central Bank of Ireland. Algebris (UK) Limited is the Distributor and Promoter of the Fund. Algebris (UK) Limited is authorised and regulated in the UK by the Financial Conduct Authority. The fund administrator is BNP Paribas Fund Administration Services (Ireland) Limited and the fund depositary is BNP Paribas Dublin Branch.
The value of shares in the Fund (“Shares”) is not guaranteed and the value of such Shares can reduce as well as increase and therefore the return on investment in the Shares will be variable. Changes in exchange rates may have an adverse impact on the value price or income of the Shares. The difference at any one time between the sale and repurchase price of Shares means that the investment should be viewed as medium to long term. Past performance is not a reliable guide to future performance. Neither past experience nor the current situation are necessarily accurate guides to the future growth in value or rate of return. The strategy employed by the Fund may result in the NAV exhibiting a high level of volatility and therefore may be subject to sudden large falls in value, and, if it is the case, investors could lose the total value of the initial investment. Income may fluctuate in accordance with market conditions and taxation arrangements. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units.
The Company has issued a Prospectus and Key Investor Information Document (“KIID”) /Key Information Document (“KID”) with respect to the Fund, the English language version of each of which is available from Algebris Investments on request and from www.algebris.com. Where required under national rules, the KIID/KID will also be available in the local language of the relevant EEA Member State. Information relating to investor rights including information on access to collective redress mechanisms at EU Level and national level, where available, can be found in English at https://www.algebris.com/cbdr-investor-rights/. A decision may be taken at any time to terminate the arrangements made for the marketing of the Fund in any EEA Member State in which it is currently marketed. In such circumstances, Shareholders in the affected EEA Member State will be notified of this decision and will be provided with the opportunity to redeem their shareholding in the Fund free of any charges or deductions for at least 30 working days from the date of such notification.
The Fund is considered to be actively managed in reference to a Benchmark composed of 90% FTSE Italy All Share Capped (ITLMSC) and 10% Cash (the “Benchmark”) by virtue of the fact that it seeks to achieve a total return which exceeds the returns of the Benchmark. The Benchmark is also used as the reference index for the purposes of calculating the global exposure of the Fund using the Relative VaR methodology and for performance comparison purposes. However, the Benchmark is not used to define the portfolio composition of the Fund and the Fund may be wholly invested in securities that are not constituents of the Benchmark.
This is a marketing communication. Please refer to the Prospectus and the KIID/KID before making any final investment decision.
The State of the origin of the Fund is Ireland. In Switzerland, the Representative is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst the paying agent is Vontobel Ltd, Gotthardstrasse 43, CH-8022 Zürich. The basic documents of the Fund as well as the annual and, if applicable, semi-annual report may be obtained free of charge from the Representative.
A potential investor expressing an interest to invest will be provided with a Prospectus, a KIID/KID and a subscription agreement (together, the “Fund Documents”) for the investment and an opportunity to review the documentation relating to the investment. Prospective investors must review the Fund Documents, including the risk factors, before making any decision to invest and should rely only on the information contained in the Fund Documents in making their investment decision.
Please see www.algebris.com/disclaimer for more important information.