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Devon Equity Funds - European Opportunities

A sub-fund of the Devon Equity Funds RAIF which is currently only available to well informed and professional investors.

The following interactive data is supplied by Morningstar.

Investment objective

The investment objective of the European Opportunities Sub-Fund of the Devon Equity Funds RAIF is to achieve long term capital growth by exploiting special investment opportunities in Europe.

The Sub-Fund will invest primarily in equity and equity related securities (including listed preference shares, listed warrants and other similar securities) of issuers which have their registered office in Europe or exercise the predominant part of their economic activities in Europe (including UK) and which are considered by the Investment Manager to be undervalued or otherwise to offer good prospects for capital growth. The Investment Manager will adopt a primarily bottom up approach to selecting investments for the Sub-Fund.

Benchmark Index

MSCI Europe Total Return Index in GBP (MXEU)

Compliance with UCITS investment restrictions

While Devon Equity Funds is structured as a ‘Reserved Alternative Investment Fund’ in Luxembourg (RAIF), the Sub-Fund is managed to the investment restrictions applicable to an EU Undertaking for Collective Investment in Securities (UCITS).

How To Invest

Shares will be allotted and issued on the Valuation Day and such other days as the Board may determine at the Net Asset Value per Share as of the relevant Valuation Day, provided that the Fund and/or the Administrative Agent has received an application for such Shares at the latest at 13:00 (CET) on such Valuation Day. Payment of subscription amount will be effected within three Business Days following the relevant Valuation Day. No subscription charge shall apply.

Investors are solely responsible for compliance with applicable laws and regulations of their country of citizenship and/or residence and the advice of their legal or their financial counsel should be sought prior to any investment decision.

Applications may be made either direct to the Transfer Agent, JPMorgan Bank in Luxembourg, using the application form below or via Fundsettle / Euroclear.

DEVON EQUITY FUNDS - RAIF APPLICATION FORM

Money laundering and Terrorist Financing

As a consequence of the regulations regarding money laundering prevention and fight against terrorist financing, identification documentation is requested when Investors proceed with an investment.

Late Trading and Market Timing

The Fund does not authorize late trading nor market timing practices and reserves the right to refuse orders from an Investor suspected of those practices and, where necessary, to take the necessary measures to protect the shareholders. Subscription, conversion and redemption orders received after the cut-off time for acceptance of orders on the relevant transaction date will be refused and execution at the price based on the NAV applicable that day will not be possible.

Background

Devon Equity Funds RAIF (the Fund) is incorporated as a Société Anonyme in Luxembourg and is organised as a Société d’investissement à Capital Variable (SICAV). Registered office: 6H Route de Trèves, Senningerberg, L-2633, Luxembourg. The Fund is subject to the Luxembourg law of 23 July 2016 on reserved alternative investment funds, as amended from time to time, and is not subject to the supervision of the Luxembourg Commission de Surveillance du Secteur Financier (the “CSSF”) or of any other Luxembourg supervisory authority. The Fund qualifies an externally managed alternative investment fund within the meaning of article 1 (39) of the Luxembourg law of 12 July 2013 on alternative investment fund managers (the “2013 Law”).

The European Opportunities Sub-Fund is authorised for distribution as an Alternative Investment Fund (AIF) in the United Kingdom and Luxembourg. It may be registered in various European countries and any official registration should be checked on a case by case basis.

The information available on this website is directed only to professional investors. Persons not qualifying as investors in/from the above mentioned countries and as institutional investors are invited to exit the website. The Sub-Fund is not sold or offered in the United States of America, its territories or possessions or to a “US person” as defined by Regulation S of the US Securities Act of 1933, as amended.

This website contains only general information about the Sub-Fund, which may not be considered as a solicitation of offer, or recommendation, to acquire shares of the Sub-Fund and is not legally nor contractually binding.

Any investment decision should be made on the basis of the Prospectus and the Key Information Document (KID) currently in force in English, as well as the most recent Annual Report. These reports are or will be available on this website and the documentation may also be obtained free of charge at the registered office of the Fund. Reading the documentation is essential for an understanding of the products’ environment and the conditions of subscription and holding.

Investment Risk

Investors should be aware that past performance is no guarantee of future performance and returns. The value of an investment can rise or fall with market fluctuations and Investors may lose, as the case may be, the amount originally invested.

Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested.

The Sub-Fund invests in a small number of holdings and as such carries more risk than funds which invest across a larger number of holdings. The Sub-Fund invests mainly in shares and it is likely to experience fluctuations in price which are larger than funds that invest only in bonds and/or cash.

MSCI Indices

This website contains information based on MSCI indices. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

The MSCI website provides further information on available MSCI indices.

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