Notice to shareholders Letter (Rathbone SICAV Multi-Asset Enhanced Growth Portfolio Accumulation Sub-Fund)

Rathbone Luxembourg Funds SICAV
Société d'investissement à capital variable
Registered office: 16, Boulevard d’Avranches, L-1160 Luxembourg,
R.C.S. Luxembourg B 206.009
(the "Company")

 

Luxembourg 5 July 2019

 

Notice to the shareholders of sub-fund Rathbone Multi-Asset Enhanced Growth Portfolio Accumulation Sub-Fund (the "Sub-Fund")

 

 

Dear Shareholder,

The board of directors of the Company (the "Board") would like to inform you about the following changes made to the prospectus of the Company (the “Prospectus”) in relation to the Sub-Fund as from 12 August 2019.

 

1. Clarification of the Sub-Fund’s typical investors’ profile

 

The Board has decided to clarify the paragraph of section "Profile of the Typical Investor" of the appendix of the Sub-Fund in the Prospectus.

The paragraph of section "Profile of the Typical Investor" of the appendix of the Sub-Fund in the Prospectus shall henceforth read as follows (clarifications are underlined below):

"Investors who understand the sub-fund risks, want an investment that focuses on growth, and intend to invest their money in these investments for a minimum of five to ten years, preferably longer.

 

1. Changes of the settlement date

 

1. Subscription

Change of the period during which the subscription amount for each share must reach the Depositary from three Business Days to four Business Days from the applicable Dealing Day as defined in the Prospectus.

 

Current settlement date

New settlement date

Three Business Days from the applicable Dealing Day

Four Business Days from the applicable Dealing Day

 

1. Redemption

Change of the period during which the redemption proceeds for shares may be paid by wire transfer to the shareholder from five Business Days to four Business Days from the applicable Dealing Day.

 

Current settlement date

New settlement date

Five Business Days from the applicable Dealing Day

Four Business Days from the applicable Dealing Day

 

1. Change of the name of the Sub-Fund

The name of the Sub-Fund will be amended to remove the term "Accumulation Sub-Fund" and the term SICAV will be added so that the new Sub-Fund’s name is Rathbone SICAV Multi-Asset Enhanced Growth Portfolio.

 

1. Amendment of the investment policy of the Sub-Fund concerning the asset allocation range

The Board has decided to amend that the investment limits set out below are not hard limits and may be temporarily exceeded or lower from time to time.

 

In the Liquidity assets section, the paragraph will be amended as follows:

 “These are assets that are typically easy to buy and sell during periods of market distress or dislocation. These include cash denominated in USD, GBP, Euros and Yen, government bonds (including index linked government bonds) and high-quality investment grade corporate bonds. This will typically represent up to 10% of the portfolio but may from time to time (but only on a temporary basis) exceed these limits.”

 

In the Equity-type risk assets section, the paragraph will be amended as follows:

“These are assets that have the potential to drive growth in the portfolio with a high correlation to equity markets. These include investment grade and high yield corporate bonds, developed and emerging market equities. This will typically represent 70-100% of the portfolio but may from time to time (but only on a temporary basis) be lower than this.”

 

In the Diversifier assets section, the paragraph will be amended as follows:

“These are assets that have the potential to reduce or offset equity risk during periods of market distress. These include Other UCIs with exposure to property, targeted return strategies, macro strategies, infrastructure, systematic and uncorrelated strategies. This will typically represent up to 20% of the portfolio but may from time to time (but only on a temporary basis) exceed these limits.”

 

1. Change of the dealing cut-off time

The dealing cut-off time of the Sub-Fund will be moved from 12:00 CET to 10:00 CET.

Shareholders who do not agree with the changes referred to in items IV or V above, may redeem their shares or switch their holding, free from any charge, until 5 August 2019 (before the applicable dealing cut-off time), into any other sub-fund of the Company, details of which are disclosed in the current Prospectus.

All other key features of the Sub-Fund will remain the same. There will be no change in the Sub-Fund's investment style, investment philosophy and investment strategy following the changes.

The changes will be reflected in a Prospectus dated August 2019, a draft of which is available upon request at the registered office of the Company.

Terms not defined in this notice have the same meaning as in the Prospectus.

Should you require further information, please contact your financial advisor.

 

Yours faithfully

 

On behalf of the Board