IAM Investments ICAV - Riposte Global Opportunity UCITS Fund E EUR Acc

The investment objective of the Fund is to seek to generate long-term capital appreciation for investors. There can be no assurance that the Fund will achieve its investment objective. The Fund intends to achieve its investment objective through long and short investments in global equities and Financial Derivative Instruments (“FDI”). The Sub-Investment Manager seeks investment opportunities in equities and equity related instruments of issuers across various market capitalisations that are listed on global developed markets. The Fund invests in global developed markets with a focus on the following sectors; energy, transportation, industrials, real estate, financials, and consumer. These sectors are not exclusive, and the Sub-Investment Manager will invest periodically outside of the aforementioned sectors as opportunities arise based on the analysis outlined in the "Investment Strategy" section below. The Fund will use FDI to take both "long" and "short" positions in companies the Sub-Investment Manager believes will either rise in value (long positions) or fall in value (short positions) meaning that the Fund may benefit from either scenario. The Fund may also take long or short positions in order to hedge the portfolio. As such the Fund will include long equity or equity related security holdings, short equity or equity related security holdings, options and exchange trade fund ("ETF") holdings. The Fund may take "long" exposure (meaning that the Fund will invest directly or take investment exposure via FDI to equity positions with a view that the underlying security’s value will rise). Alternatively, where it may assist the Fund in achieving overall net returns or to hedge against existing investments, the Fund may take "short" exposure (meaning that the Fund will gain exposure to equity positions via FDI, with the view that the value of the underlying equity position will fall, thus, the Fund financially benefits from the fall in value of the equity). Short exposure provides the Fund with opportunities to make gains in negative or distressed market conditions. Short exposure (which may only be created synthetically, i.e. through the use of certain FDIs as described) may also be taken for hedging purposes in order to reduce the overall market exposure of the Fund. The target exposures (i.e. the difference between the long and the short exposures of equity and equity related securities (including FDI)) of the Fund will typically be managed with a long bias within 25% to 35% of the Net Asset Value. The equities and equity-related securities in which the Fund may take exposure to include common shares, preference shares and global depositary receipts issued by companies. The equity indices to which the Fund may gain exposure will be the major indices across global developed markets as further described under the heading "Financial Indices" below. To gain exposure to equity indices the Fund will use FDI, as further described below. The FDI which may be used by the Fund are swaps, options and futures as further described below. FDI may be used to obtain both long and short exposure to the securities listed above where the Investment Manager determines that the use of FDI is more efficient or cost effective than direct investment. The Fund may obtain short exposure only through the use of FDI. The Fund may use also utilise forwards for currency hedging purposes (as described in further detail under the heading ''Use of FDI for Currency Hedging Purposes'' below). The Fund may also invest in open-ended ETFs and open-ended collective investment schemes ("CIS") which provide exposure to equities and equityrelated securities that are consistent with the investment policy of the Fund within the general limit on investment in open-ended CIS i.e. no more than 10%, in aggregate, of the Net Asset Value of the Fund. Each of the equities and equity-related securities, FDI (except over the counter (OTC) FDI) and CIS (including ETFs) in which the Fund may invest will be listed or traded on a Recognised Market. The Fund may, pending re-investment or to support its FDI positions, in circumstances of extreme volatility or if market factors require and if considered appropriate to the investment objective of the Fund, invest up to 100% of the Fund's Net Asset Value in cash, cash equivalents (including, but not limited to, cash deposits, commercial paper and certificates of deposit), money market funds (limited to 10% in aggregate of the Net Asset Value of the Fund) and money market instruments (including but not limited to short term commercial paper, floating rate notes, medium term notes or bonds issued or guaranteed by any OECD government, its agencies or instrumentalities or by any supra-national entity with investment grade rating as rated by a Recognised Rating Agency). The Fund is actively managed but not managed in reference to any benchmark index. The base currency of the Fund is the USD and your shares will be denominated in GBP. Your shares are non-distributing (i.e. any income arising from your shares will be included in their value). You may redeem your shares on demand on each banking day, which is a US and Irish banking day.