AA Prospectus is available for ARIA Sub-Funds: ARIA SICAV plc (the Company) and Key Investor Information Documents (KIIDs) are available for each share class of each the sub-sub-Fundss of the Company.
The Company’s Prospectus can be obtained from www.ariacm.com/literature and is available in English, Spanish, Portuguese, French and German.
The KIIDs can be obtained from www.ariacm.com and are available in one of the official languages of each of the EU Member States into which each sub-sub-Funds has been notified for marketing under the Directive 2009/65/EC (the UCITS Directive).
The sub-sub-Fundss of the Company are currently notified for marketing into a number of EU Member States under the UCITS Directive. ARIA Capital Management (Europe)Limited can terminate such notifications for any share class and/or sub-sub-Funds of the Company at any time using the process contained in Article 93a of the UCITS Directive.
A rating is not a recommendation to buy, sell or hold a sub-Funds. Past performance is not an indicator of future results.
In an environment where interest rates may trend upward, rising rates will negatively impact most bond sub-Fundss, and fixed income securities held by a sub-Funds are likely to decrease in value. Bond sub-Fundss and individual bonds with a longer duration (a measure of the expected life of a security) tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations.
The sub-Sub-Fundss may invest in non-US securities, which may entail greater risk due to non-US economic and political developments and may be enhanced when investing in emerging markets. The sub-Sub-Fundss may invest in high-yield, lower-rated securities, which generally involves greater risk to principal than investment in higher-rated securities. The sub-Sub-Fundss may use derivative instruments for efficient portfolio management purposes. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a sub-Funds could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested. The credit quality of the investment in the portfolio does not apply to the stability or safety of the sub-Sub-Fundss. The sub-Sub-Fundss offer different share classes, which are subject to different fees and expenses (which may affect performance), have different minimum investment requirements and are entitled to different services. The sub-Sub-Fundss may concentrate its assets in a small number of issuers.
Distributed by ARIA Distribution Services Ltd, Building 2, Ground Floor, Guildford Business Park, Guildford, GU2 8XGUnited Kingdom England.
Unless otherwise stated in the prospectus or in the relevant key investor information document, the sub-Sub-Fundss referenced in this material is not managed against a particular benchmark or index, and any reference to a particular benchmark or index in this material is made solely for risk or performance comparison purposes. This material may contain additional information, not explicit in the prospectus, on how the sub-Sub-Fundss or strategy is currently managed. Such information is current as at the date of the presentation and may be subject to change without notice.
RISK Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Commodities contain heightened risk, including market, political, regulatory and natural conditions, and may not be suitable for all investors. Currency rates may fluctuate significantly over short periods of time and may reduce the returns of a portfolio. Derivatives may involve certain costs and risks, such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous.
Investing in derivatives could lose more than the amount invested. Equities may decline in value due to both real and perceived general market, economic and industry conditions. Investing in foreign-denominated and/or -domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Sovereign securities are generally backed by the issuing government. Obligations of U.S. government agencies and authorities are supported by varying degrees, but are generally not backed by the full faith of the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value. High yield, lower-rated securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Mortgage- and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and while generally supported by a government, government-agency or private guarantor, there is no assurance that the guarantor will meet its obligations. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. Swaps are a type of derivative; swaps are increasingly subject to central clearing and exchange-trading. Swaps that are not centrally cleared and exchange-traded may be less liquid than exchange-traded instruments. Inflation-linked bonds (ILBs) issued by a government are fixed income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise. Treasury Inflation-Protected Securities (TIPS) are ILBs issued by the U.S. government. Certain U.S. government securities are backed by the full faith of the government. Obligations of U.S. government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value.
The above narration contains the current opinions of the manager and such opinions are subject to change without notice. The above narration has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this presentation may be reproduced in any form, or referred to in any other publication, without express written permission.
ARIA SICAV plc is an umbrella type open-ended investment company with variable capital and is incorporated with limited liability under the laws of Malta with registered number SV 415. The information is not for use within any country or with respect to any person(s) where such use could constitute a violation of the applicable law. The information contained in this communication is intended to supplement information contained in the prospectus for this Sub-Funds and must be read in conjunction therewith. Investors should consider the investment objectives, risks, charges and expenses of these Sub-Fundss carefully before investing. This and other information is contained in the Sub-Funds's prospectus. Please read the prospectus carefully before you invest or send money. Past performance is not a guarantee or a reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future. Returns are net of fees and other expenses and include reinvestment of dividends. The performance data represents past performance and investment return and principal value will fluctuate so that the ARIA SICAV PLC sub-Sub-Fun
Unless referenced in the prospectus and relevant key investor information document, a benchmark or index in this material is not used in the active management of the Sub-Funds, in particular for performance comparison purposes.
Where referenced in the prospectus and relevant key investor information document a benchmark may be used as part of the active management of the Sub-Funds including, but not limited to, for duration measurement, as a benchmark which the Sub-Funds seeks to outperform, performance comparison purposes and/or relative VaR measurement. Any reference to an index or benchmark in this material, and which is not referenced in the prospectus and relevant key investor information document, is purely for illustrative or informational purposes (such as to provide general financial information or market context) and is not for performance comparison purposes. Please contact your ARIA representative for further details.”
As outlined under “Benchmark”, where referenced in the prospectus and relevant key investor information document, a benchmark may be used as part of the active management of the sub-Sub-Fundss. In such instances, certain of the Sub-Funds’s securities may be components of and may have similar weightings to the benchmark and the Sub-Funds may from time to time show a high degree of correlation with the performance of any such benchmark. However the benchmark is not used to define the portfolio composition of the Sub-Funds and the Sub-Funds may be wholly invested in securities which are not constituents of the benchmark.
Investors should note that a Sub-Funds may from time to time show a high degree of correlation with the performance of one or more financial indices not referenced in the prospectus and relevant key investor information document. Such correlation may be coincidental or may arise because any such financial index may be representative of the asset class, market sector or geographic location in which the Sub-Funds is invested or uses a similar investment methodology to that used in managing the Sub-Funds.
ARIA Capital Management (Europe) Limited (Company No. 2604517) is authorised and regulated by the Malta Financial Services Authority in the Malta. Investors into the ARIA SICAV Plc should not rely on this communication but contact their financial adviser.