GAMA Funds - Global Macro Opportunities P Acc CHF

This Sub-fund is a medium-risk vehicle aiming to provide income and capital growth in the reference currency of each share class, by investing in worldwide securities and via the use of derivatives mainly futures. It may be suitable for investors who are seeking growth potential with an investment horizon of three years and more. The investment objective of the Sub-Fund is to generate income and capital appreciation with a realized volatility of less than 8% by investing globally. The main sources of return for the Sub-fund are expected to be equity risk, credit risk, interest-rate risk, commodity risk and currency risk. There can be no assurance that the investment objective will be achieved. The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index. The Sub-fund will be primarily exposed to equities and equity-related securities, debt securities of any type (including non-investment grade debt securities, inflation linked securities, money market instruments, convertible bonds and contingent convertible bonds within the limits mentioned below), commodities (including precious metals), and cash and cash equivalents. On an ancillary basis, the Sub-fund may also invest in any other type of eligible assets, as among others structured products, UCIs and cash. In order to achieve its objective, the Sub-Fund will mainly invest directly in the securities/asset classes mentioned above, in financial derivative instruments having as underlying or offering an exposure to the abovementioned asset classes and/ or in Transferable Securities giving exposure to the asset classes mentioned above. The choice of investments will neither be limited by geographical area (including emerging markets), economic sector nor in terms of currencies in which investments will be denominated. However, depending on financial market conditions, a particular focus can be placed in a single country and/or in a single currency and/or in a single economic sector. The Sub-fund will be exposed to investment grade and non-investment grade debt securities (including non-rated debt securities) in proportions that will vary according to financial market conditions and investment opportunities. Investment-grade securities are expected to make up the majority of the Sub-fund but non-investment-grade debt securities could represent the major part of the portfolio during certain periods. Investments in each of the following categories of securities will not exceed 10% of the Sub-fund 's net assets: debt securities with a credit rating below B- (or equivalent, as measured by any recognized credit rating agency or with quality considered as equivalent by the Investment Manager), contingent convertible bonds, structured products and units or shares of UCIs. The Sub-fund will be normally fully invested. However, if the Investment Manager considers this to be in the best interest of the Shareholders, on a temporary basis and for defensive purposes, the Sub-fund may also hold up to 100% of its net assets in liquidities such as, among others, cash deposits and money market UCIs. For hedging and for investment purposes, the Sub-fund may use financial derivative instruments traded on a regulated market and/or over-thecounter (OTC). Dealing Frequency The net asset Value for this Sub-Fund is calculated on each Business Day. The cut-off time to submit subscription and/or redemption orders is 4 p. m. Luxembourg time on the bank business day preceding the relevant calculation day. Distribution Policy The Class is cumulative. No dividend will normally be distributed. Currency The currency of the Class is EUR. Minimum investment and/or holding requirement The minimum initial subscription amount is 20,000,000 EUR. This Class is reserved to institutional investors only.