The RisCura China Equity Fund (“the Fund”) is a sub-fund of Prescient Global Funds ICAV (PGF), an open-ended umbrella type Irish collective asset management vehicle with segregated liability between sub-funds incorporated in Ireland and authorised by the Central Bank of Ireland as an undertaking for collective investment in transferable securities or UCITS. Authorisation of the Fund by the Central Bank of Ireland is not an endorsement or guarantee nor is the Central Bank of Ireland responsible for the contents of the prospectus. Authorisation by the Central Bank of Ireland shall not constitute any warranty as to the performance of the Fund and the Central Bank of Ireland shall not be liable for the performance or default of the Fund. 

Shares in the Fund cannot be offered in any jurisdiction in which such offer is not authorised or registered.

The investments of the Fund are subject to market fluctuations and the risks inherent in all investments and there can be no assurance that an investment will retain its value or that appreciation will occur. The price of shares and the income from shares (if any) can go down as well as up and investors may not realize the value of their initial investment. Accordingly, an investment in the Fund should be viewed as a medium to long-term investment. Prospective investors should seek appropriate professional advice before making an investment.

Copies of the prospectus are available from the Investment Manager.

Prescient Fund Services (Ireland) Limited is the Manager of the PGF and Northern Trust Fiduciary Services (Ireland) Limited has been appointed as depository and custodian. RisCura Invest (Pty) Ltd is the investment manager and distributor of the Fund. RisCura Invest (Pty) Ltd is a South African authorised financial services provider. RisCura Invest (Pty) Ltd has appointed RisCura Solutions (UK) Ltd as a distributor of the Fund in the United Kingdom. RisCura Solutions (UK) Ltd is an appointed representative of RGL Capital LLP, a firm authorised and regulated by the Financial Conduct Authority (FCA).

For investors in South Africa

The Fund is considered a foreign Collective Investment Scheme in Securities (CIS). A CIS should be considered as a medium to long-term investment. The value may go up as well as down and past performance is not a guide to future performance. There is no guarantee in respect of capital or returns in a portfolio.

CIS prices are calculated on a net asset basis, which is the total value of all assets in the portfolio including any income accruals less any permissible deductions (such as brokerage, administration charges, directors’ fees, auditor’s fees, bank charges, trustee and custodian fees and the annual management fee) from the portfolio divided by the number of participatory interests (units) in issue. Forward pricing is used. A CIS is traded at the ruling price. A CIS can engage in scrip lending and borrowing and may borrow up to 10% of the market value of its portfolio to bridge insufficient liquidity. A schedule of fees, charges and maximum commissions is available on request from the Investment Manager. A CIS may be closed to new investors in order for it to be managed more efficiently in accordance with its mandate Where foreign securities are included in a portfolio there may be constraints on liquidity and the repatriation of funds, macroeconomic risks, political risks, foreign exchange risks, tax risks, settlement risks; and potential limitations on the availability of market information.

The investor acknowledges the inherent risk associated with the selected investments and that there are no guarantees. Please note that all subscription or redemption notices must be received by Prescient Fund Services (Ireland) Limited on or before 10:00 GMT on the Business Day that is 1 Business Day prior to the relevant Subscription or Redemption Date, to be transacted at the net asset value price for that Subscription or Redemption Date.

Performance has been calculated using net NAV to NAV numbers with income reinvested in accordance with the terms of the Prospectus of the Fund. The performance for each period shown reflects the return for investors who have been fully invested for that period. Individual investor performance may differ as a result of initial fees, the actual investment date, the date of reinvestments and dividend withholding tax. Full performance calculations are available from the manager on request.

This document constitutes a Minimum Disclosure Document and General Investor Report. Issue date: 29 May 2023.

For investors in the United Kingdom

In the United Kingdom, this document constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 (‘FSMA’) and accordingly, its distribution in the United Kingdom is restricted. Accordingly, this document is only directed at persons who are Investment Professionals as such term is defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005. If you are not an Investment Professional you should not seek to rely upon it.

For all investors

This document is only being made available to, and the investments (including in relation to the Fund), products and services referred to herein are only available to, such persons and in such jurisdictions and in such manner as is compliant with applicable laws and regulations (including, without limitation, relevant laws and regulations relating to the promotion, offering and provision of such investments, products and services). The information herein should not be relied or acted on by any other person or in any other circumstances.

This document has been provided specifically for the use of the intended recipient only and must be treated as proprietary and confidential. It may not be passed on, nor reproduced in any form, in whole or in part, under any circumstances without express prior written consent from RisCura. Without limitation to the foregoing, any text and statistical data or any portion thereof contained in this document may not be permanently stored in a computer, published, rewritten for broadcast or publication or redistributed in any medium, except with the express prior written permission of RisCura.

This document is not intended to constitute, nor should it be construed as, investment advice. RisCura gives no representations, warranties or undertakings that any indicative performance or return will be achieved in the future or that the investment objectives and policies from time to time of the Funds will be met. Past performance is no guarantee and is not indicative of future results. Potential investors in any investments, products or services referred to in this document or to which this document relates should seek their own independent financial, legal and taxation advice. Any offer to invest in a Fund may only be made on the basis of the relevant approved prospectus or offering memorandum relating to that Fund, which must be received and reviewed prior to any investment decision and which may contain information that is different from the information and opinions contained in this document. This document is not intended to provide a sufficient basis on which to make any investment decision.

This document is for information purposes only and does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe to or purchase any particular investments products or services mentioned herein, nor shall it, or the fact of its distribution or communication, form the basis of, or be relied on in connection with any contract. Opinions expressed in this document may be changed without notice at any time after publication. We therefore disclaim any liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever that may be suffered as a result of, or which may be attributable directly or indirectly to, the use of or reliance upon the information.