GAM International Management Limited

Funds

MI GAM Continental European Equity Fund

The Fund aims to provide long-term capital growth (over a period of 5 years).

Your capital is at risk, however; and there is no guarantee that a positive return will be achieved over 5 years, or any time period.

The Fund seeks to achieve this objective through investing at least two thirds of its assets in shares and equity related securities which are issued by Companies headquartered in, and/or listed on or dealt in Eligible Markets within Continental Europe.

The Fund may invest up to 15% in government and corporate bonds and other debt securities (including convertible bonds and preference shares).

The Fund may invest up to 10% in collective investment schemes (which may include those that are managed or operated by the ACD or an associate of the ACD).

The Fund may invest up to 5% in Warrants issued by Companies dealt in Eligible Markets.

The Fund may invest in shares and equity related securities of Companies listed on or dealt in Eligible Markets outside of Continental Europe or which are issued by Companies which are headquartered outside of Continental Europe.

The Fund may invest in structured notes, deposits, cash and money market instruments. 

The Fund can use derivatives for the purposes of hedging and efficient portfolio management, with the aim of managing risk and cost. 

The Fund is actively managed. This means the Investment Manager uses their expertise to pick investments to achieve the Fund’s objective. 

MI GAM Credit Opportunities (GBP) Fund

The investment objective of the Fund is to provide capital growth by investing at least 85% of its net assets in GAM Star Credit Opportunities (GBP) (the “Master Fund”), a sub-fund of GAM Star Fund p.l.c, the investment objective of the Master Fund is to achieve long-term capital gain in Sterling. However, the intention of the Fund is to invest all monies received into the Master Fund.

Your capital is at risk, however; and there is no guarantee that a positive return will be achieved over any time period.

The Fund may invest up to 15% of its net assets in aggregate in ancillary liquid assets including cash deposits, cash equivalents, certificates of deposits and money market instruments which may be held by the Fund for hedging purposes, to meet expenses or pending reinvestment.

As a result of the level of investment made by the Fund in the Master Fund and the different fee structures, the performance of the Fund and the Master Fund may not be identical.

The ACD shall ensure that a reimbursement of fees is made such that there is no double charging of investors.

The Master Fund seeks to achieve its’ investment objective through global investment principally in income bearing or accruing securities with fixed principal amounts including government bonds, corporate bonds, junior debt securities, preferred shares, convertible securities and contingent capital notes. 

The securities in which the Master Fund invests will include fixed and floating interest instruments and there are no maturity restrictions. 

At least 40% of net assets will be invested in investment grade securities.

The Master Fund may invest up to 10% of its net assets in Emerging Markets and up to 10% in Russia.

The Master Fund may invest up to 10% in collective investment schemes that have investment policies similar to those of the Master Fund (which may include those that are managed or operated by the ACD or an associate of the ACD).

The Master Fund adopts a flexible approach seeking opportunities globally across the whole credit spectrum regardless of index weights. 

The Master Fund can use derivatives, which are sophisticated instruments whose value is linked to the rise and fall of other assets, for investment purposes to generate market exposure that exceeds the value of its assets and for the purposes of hedging and efficient portfolio management, with the aim of managing risk and cost.

The Master Fund is actively managed. This means the Investment Manager uses their expertise to pick investments to achieve the Master Fund’s objective. 

MI Disruptive Growth Fund

The Fund aims to provide long-term capital growth (over a period of five to seven years).

Your capital is at risk, however; and there is no guarantee that a positive return will be achieved over five to seven years, or any time period.

The Fund seeks to achieve this objective through investing at least two thirds of its assets in shares and equity related securities of companies listed on or dealt in Eligible Markets worldwide, in each case which the Investment Manager considers the company to have the ability to disrupt existing products or services through the deployment of technology and therefore demonstrate the opportunity
for long-term growth.

The Investment Manager aims to invest in sectors and businesses that have franchises with a sustainable competitive advantage – typically accruing as a result of brands, high switching costs for customers and significant scale based cost.

The Fund may invest up to 30% of its net assets in Emerging Markets and up to 10% in Russia.

The Fund may invest up to 15% in government and corporate bonds and other debt securities (including up to 10% of the Fund’s assets in sub-investment grade bonds and debt securities).

The Fund may invest up to 10% in collective investment schemes (which may include those that are managed or operated by the ACD or an associate of the ACD).

The Fund may invest up to 10% in warrants and rights issues.

The Fund may invest up to 20% in structured notes, deposits, cash and money market instruments.

The Fund can use derivatives, which are sophisticated instruments whose value is linked to the rise and fall of other assets, for investment purposes to generate market exposure that exceeds the value of its assets and for the purposes of hedging and efficient portfolio management, with the aim of managing risk and cost.

The Fund is actively managed. This means the Investment Manager uses their expertise to pick investments to achieve the Fund’s objective.