Quaero Capital Funds (Lux) - New Europe A-EUR

The objective of the Sub-Fund is to maximise long term capital growth by investing mainly in equities and equity related securities (such as depositary receipts) of companies which are domiciled, headquartered or exercise the predominant part of their economic activity in the countries across Eastern/"New" Europe. The Sub-Fund is actively managed. The Sub-Fund uses the index MSCI Emerging Markets Europe Net Total Return EUR for performance comparison only. The Sub-Fund does not track the index and can deviate significantly or entirely from the index. A wide definition of Eastern Europe will be applied including Albania, Armenia, Austria, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, Georgia, Greece, Hungary, Kazakhstan, Israel, Latvia, Lithuania, Macedonia, Malta, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Turkmenistan, and Ukraine. The Sub-Fund will invest across different ranges of market capitalisation, including small, medium and large capitalisation, but it is expected that the majority of investments will be in the small/mid-cap range (EUR 50 million to EUR 10 billion), though at times investments may be made in less liquid micro-cap situations. The Sub-Fund is authorised to invest on an ancillary basis in other eligible investments. However, the Sub-Fund will not invest more than 10% of its net assets in undertakings for collective investment. For hedging and for investment purposes, the Sub-Fund may use all types of financial derivative instruments traded on a regulated market and/or over-the-counter. Dealing Frequency The net asset value for the Class is calculated on each Friday and the last calendar day of each month ("the Valuation Day"). The cut-off time to submit subscription orders is 4 p.m., one business day before the relevant Valuation Day. The cut-off time to submit redemption orders is 4 p.m., nine business days before the relevant Valuation Day. Distribution Policy The Class is cumulative. No dividend will normally be distributed. Currency The currency of the Class is EUR. Investment Horizon The Class may be suitable for investors with at least a five-year investment horizon. Minimum investment and/or holding requirement The Class is reserved to institutional investors.