Acumen Capital Protection Portfolio Key Investor Information

This page provides you with key investor information about the Acumen Capital Protection Portfolio. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest.

ACUMEN Capital Protection Portfolio Share Class A GBP (ISIN: IE00BD71CN33)

The ACUMEN Capital Protection Portfolio (the “Fund”) is a sub-fund of FundLogic Alternatives Plc (the “Company”).

OBJECTIVES AND INVESTMENT POLICY

• The Fund’s investment objective is to provide shareholders with long term capital growth from a multi-asset portfolio (the “Investment Portfolio”) and to achieve a common protection level (expressed as a percentage of the net asset value (“NAV”) per share). The “Common Protection Level” is the ratio of 90% of the highest NAV per share ever achieved by the GBP A Share Class (“Minimum NAV”), and the current NAV per share of the GBP A Share Class

• The Fund’s strategy consists of investments in fixed income instruments, equities, foreign exchange and alternative assets including ETFs and UCITS eligible indices, which allocation is determined from time to time by Tavistock Wealth Limited (the “Sub-Investment Manager”) and exposure to cash. The allocation to cash is variable and aims to control risk (measured by volatility) by increasing the allocation when necessary, with the aim of maintaining the annualised volatility of the Fund’s NAV at or below 7%. The Fund will also achieve protection using derivatives, which will be provided by Morgan Stanley & Co. International Plc. (“Morgan Stanley”)

• In addition, Morgan Stanley (“Guarantor”) has issued a guarantee (“Guarantee”) to the Fund to ensure investors achieve the Common Protection Level upon redemption

• Costs incurred in implementing the Fund’s Investment Policy will have a negative effect on the Fund’s performance

• Any income from the Fund will be re-invested and the Fund will not pay any dividends

• The value of the Fund is calculated and published daily except as set out in the Company’s prospectus and the Fund’s supplement (collectively “Prospectus”). Investors can buy and/or sell back their shares daily

• The investment manager of the Fund is FundLogic SAS, a management company authorised by the Autorité des Marchés Financiers, and it has appointed Tavistock Wealth Limited as Sub-Investment Manager of the Fund

 

RISK AND REWARD PROFILE

• The Fund is assigned to this category because its share price is expected to fluctuate moderately due to the investment policy applied

You should be aware that:

• Past performance and/or simulated data may not be a reliable indicator of the Fund’s future performance

• The lowest risk category does not indicate a risk free investment

• The risk and reward category shown above is not guaranteed and may move down or up over time

• There is no assurance that the Fund will achieve its investment objective and you may lose money. The Fund’s performance will be affected by market movements

Other risks that you should be aware of, which may not be captured by the Risk and Reward Indicator, include:

• The Fund performance is dependent on other factors in addition to the Investment Portfolio’s performance. Thus shareholders will not be able to derive the net asset value of the Fund directly from changes in the level of the Investment Portfolio alone

• The Sub-Investment Manager manages the Investment Portfolio and so the success of the Fund depends, among other things, upon the expertise of the Sub-Investment Manager

• Given the Fund’s strategy, there is a risk that there is low exposure to the Investment Portfolio for certain periods. In this case, shareholders will be exposed to overnight interest rates which might be negative

• The use of derivatives involves a higher level of complexity than a direct investment and may multiply the gains or losses of the Fund on a given investment or its investments generally. Additionally, the valuation of certain derivatives may depend on multiple market parameters

• The Fund’s performance may be influenced by movements in currency exchange rates because the Fund may have exposure to assets that are not denominated in the base currency of the Fund

• The Fund will be exposed to the credit risk of the parties with which it transacts. It also faces the risk that the contracts it enters into will not be settled in the intended manner

• The Fund is subject to a number of risks relating to the insolvency of the Fund’s Depositary and Sub-Custodian including the loss of the Fund’s assets held in custody due to the lack of segregation or client money protection, or due to the incorrect operation of the custody accounts

• The Fund does not offer full capital protection. As the Fund purchases an asset that provides protection, in a flat or rising market the performance of the Fund will be lower than the performance of an unprotected fund following a similar investment strategy that does not purchase protection. This is because, in a flat or rising market, the cost of the protection will have a negative effect on the Fund’s performance

• The Investment Manager seeks to hedge the impact of currency fluctuations on the Minimum NAV, however investors should note that such hedging may not always be successful in protecting the Minimum NAV against exchange rate risks

• Additionally, as Morgan Stanley and/or its affiliates act as counterparty and guarantor to the Fund, if Morgan Stanley and/or its affiliates became insolvent, the capital protection obtained through the financial derivative instruments might fail

• Investment in the Fund may be affected by operational risks at the Investment Manager, the Sub-Investment Manager, the Administrator and other service providers to the Fund

• In certain instances, the directors of the Fund may temporarily suspend trading in Fund shares and this may affect your ability to buy or sell shares

• The Fund may use certain investment instruments that could result in the Fund losing money in a rising market

• The entity with whom the Fund enters into derivative contracts may become unable to meet its financial obligations under the contract

• Such currency fluctuations if unhedged may impact the ability of the Investment Manager to achieve the Fund’s objective (as described above) and may result in investor proceeds being lower than 90% of the Minimum NAV of the respective share class

• In the event that the Sub-Investment Management Agreement is terminated, the Fund may be liquidated

CHARGES

The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment

One-off charges taken before or after you invest

Entry charge: Not Applicable
Exit charge: Not Applicable

This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out.

Charges taken from the fund over a year

Ongoing charges: 1.33%

Charges taken from the fund under certain specific conditions

Performance fee: Not Applicable

• The entry and exit charges shown are maximum figures. In some cases, you may pay less or there may be no charge. You can find out the actual entry and exit charges from your financial adviser or distributor

• The ongoing charges figure is based on the expenses for the year ending 31 July 2018. This figure may vary from year to year

• These charges do not include (i) the costs of buying or selling assets, except in the case of an entry/exit charge paid by the Fund when buying or selling shares in another fund (ii) performance fees. These charges do include an estimate of the ongoing charges of ETFs contained within the Investment Portfolio

For more information about charges, please refer to the “Charges and Expenses” section of the Fund’s supplement, which is available at www.fundlogic.com

PAST PERFORMANCE

There is insufficient data to provide a useful indication of past
performance to investors.

• The Fund and this share class were launched in 2018

PRACTICAL INFORMATION

• Depositary: Northern Trust Fiduciary Services (Ireland) Limited

• Sub-Custodian: Morgan Stanley & Co. International Plc

• Further information about the Fund, including the Prospectus, latest annual and half yearly reports and latest published share prices, can be obtained, free of charge, from Northern Trust International Fund Administration Services (Ireland) Limited, George’s Court, 54-62 Townsend Street, Dublin 2, Ireland and at www.fundlogic.com. The share prices are also available on Bloomberg

• This document describes the Fund, a sub-fund of the Company, an Irish-domiciled umbrella UCITS. The Prospectus and the annual and semiannual reports are produced for the entire Company

• The assets and liabilities of each of the Company’s sub-funds are segregated by Irish law

• You may have the right to switch between sub-funds of the Company but this may result in you incurring additional costs. Please refer to the section of the Prospectus headed “Exchange of Shares” for additional information

• The tax legislation of Ireland may impact your personal tax position

• The Company may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus

• The remuneration policy of FundLogic Alternatives plc is available at www.fundlogic.com or alternatively a paper copy will be made available free of charge upon request

The Company is authorised in Ireland and regulated by the Central Bank of Ireland. This key investor information is accurate as at 15/02/2019.

If you require any further information, you should find most answers in our FAQs, otherwise please feel free to contact the i-stock helpdesk. Alternatively, you can send us a message below.

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i-stock is a trading style of Tavistock Wealth Limited which is authorised and regulated by the Financial Conduct Authority, FCA No: 568089. Registered in England and Wales. Registered O­ffice: 1 Bracknell Beeches, Old Bracknell Lane, Bracknell RG12 7BW, Company Number 07805960. Tavistock Wealth Limited is a wholly owned subsidiary of Tavistock Investments Plc. The product provider for the i-stock ISA and GIA is Gaudi Regulated Services Limited which is authorised and regulated by the Financial Conduct Authority, FCA No: 488015. Registered in England and Wales. Registered office 2 Oakridge Office Park, Whaddon, Salisbury, SP5 3HT, Company Number 06638918.