Miltenberg Emerging Responsible Equity Fund (“the sub-fund”), a sub-fund of PCFS SICAV in Luxembourg, invests actively in a concentrated portfolio of listed companies domiciled or active in selected emerging and frontier markets. Focus of the sub-fund are companies that cater to the needs and well-being of consumers in emerging and frontier markets.
The business model of all portfolio companies should address at least one of the 17 Sustainable Development Goals (“SDGs”) set by the United Nations (“UN”).
The sub-fund follows a bottom-up thematic approach and invests actively into companies across emerging and frontier markets based on quality and valuation as well as governance, social and environmental criteria.
The objective of the sub-fund is to achieve long term capital growth through investments into selected equity securities of listed companies domiciled or active in emerging and frontier markets.
The sub-fund will have a concentrated portfolio subject to the limits prescribed by the 2010 Law and may invest in all types of listed equity securities without any restrictions in terms of geographical zones and sectors. The sub-fund’s portfolio will not be managed or constructed in accordance with any benchmark.
The sub-fund is actively managed. The allocation between equity securities, currencies, countries and sectors will reflect the bottom-up and country-specific as well as environmental, social and governance (ESG) analysis of the Investment Manager.
The sub-fund integrates sustainability risks into its investment decisions and considers environmental or social within the meaning of the SFDR in its investment decisions. The sub-fund promotes environmental or social characteristics and will not make any sustainable investments. However, the sub-fund does not have as its objective sustainable investment. Therefore, the sub-fund is classified as falling within the scope of Article 8 of the SFDR.
The sub-fund is available to all investors who want to participate in the opportunities offered by investments into equity securities of listed companies domiciled or active in emerging and frontier markets.
This sub-fund is suitable for an investment horizon of over 5 years.
This is an advertising communication. Please refer to the Prospectus and the Key Information Documents (PRIIPS-KID) for the UCITS before making any final investment decision. These are available free of charge on request from Pure Capital S.A. at +352 26 39 86 or on its website www.purecapital.eu and from Miltenberg Capital Ltd at firstname.lastname@example.org or on its website www.miltenbergcap.com.
The PRIIPS-KID are available in English, French and German. The Prospectus, the Sustainability-Related Disclosures, the Half-Yearly Report and the Annual Report are available in English.
The information presented above does not constitute investment advice and is intended for promotional purposes. It is neither a binding contractual document nor a disclosure document required by law, and is not sufficient for making an investment decision.
Past performance is not a reliable indicator of future results. Performance may vary over time. Investments are subject to market fluctuations and the investor may get back less than is invested. Exposures, allocations and investments may vary in the future in response to different market conditions at the discretion of Pure Capital S.A and Miltenberg Capital Ltd. There can be no guarantee that the investment objectives will be achieved.
The management and custodian fees, as well as any other costs which, in accordance with the prospectus, are charged to the sub-fund, are included in the calculation of the net asset value and, consequently, the performance.
An annual custody fee may be charged by the account holder. They vary from one institution to another. To find out about them, it is necessary to ask for it.
The tax treatment of this product depends entirely on the investor’s situation.
Investors can find out about their rights at https://www.purecapital.eu/legal.html. A summary is available in English and French.
Any complaints or claims can be addressed in writing to the head office of Pure Capital S.A.:
Pure Capital S.A., 2 rue d’Arlon, L-8399 Windhof, Grand Duchy of Luxembourg, for the attention of Mr Thierry Léonard, Managing Partner.
Pure Capital S.A. may decide to cease the marketing of its collective investment schemes in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.