PARTICULAR CONDITIONS
ANCORIA/CARNEGIE STRATEGY FUND
1. Fund name
Ancoria/Carnegie Strategy Fund (‘’the Fund’’)
2. Ancoria
Ancoria Insurance Public Limited is referred to as
Ancoria.
3. Applicable fund conditions
This fund is governed by the General Fund Conditions
for Unit Link Funds.
4. Investment objective
The objective of the fund is primarily to create stable
and positive return and secondly to outperform the
benchmark. Deviations from the benchmark index may
be made without restriction.
Ancoria/Carnegie Strategy Fund is an equity fund which
invests in several countries and sectors, but with a focus
on Swedish companies. The fund may also invest in
money market instruments, fixed income securities and
derivatives. The fund is actively managed and consists of
a portfolio of 20-40 companies.
5. Trade currency
Swedish Kronor (SEK)
6. Management fees and other fees
Management fee, bid/offer spreads and other fees
charged to the fund, is applied according to the
applicable official Fund- and Price list.
7. Initial issue price
SEK 20. This price applies at the launch of the fund on
19 May 1995.
8. Business day
A day on which banks in both Nicosia and Stockholm
are open for business.
9. Valuation day
Every day which is a business day or, if a day is not a
business day, the previous business day or such other
day as the Directors may determine.
10. Valuation point
Close of business on the relevant market on the
business day prior to the relevant valuation day.
11. Dealing deadline
12.00 p.m. Stockholm time or 1.00 p.m. Nicosia time on
the business day prior to the relevant valuation day
12. Unit price
Unit price is the value that Ancoria has valued the fund
as per the Valuation day divided by the amount of units
in the Fund.
13. Risk information
An investment in the fund is associated with risk. The
investment may both increase and decrease in value or
may even lose all of its value. Historical returns are no
guarantee of future returns. The value of the fund is
affected by changes in exchange rates (currency
risk).The investment risk and any losses of the fund that
may occur from the fund’s assets are borne by the
policyholder.
14. Publication of price
The unit price i.e. Net Asset Value per unit is available
from Ancoria and published weekly in a number of major
Swedish newspapers as well as on Ancoria web site.
15. Asset valuation
Listed investments are valued according to their market
value at the valuation point.
16. Redemption of units
An application to redeem units must be made and
submitted to Ancoria by post or by fax, or by verified email to be received by Ancoria on or prior to the dealing
deadline for the relevant valuation day. The units will be
redeemed at the unit price of the relevant valuation day.
The units to be cancelled will be equal to the amount
surrendered divided by the unit price rounded to the
nearest four decimal places. Alternatively, the amount to
be paid will be equal to the units surrendered multiplied
by the unit price rounded to the nearest two decimal
places.
17. Purchase of units
An application to buy units must be made and submitted
to Ancoria by post or by fax, or by verified email to be
received by Ancoria on or prior to the dealing deadline
for the relevant valuation day. Similarly premium
payments made to Ancoria designated bank accounts for
this fund on or prior to the business day preceding the
relevant valuation day will buy units of the fund on the
relevant valuation day at the unit price of that day. The
units to be created will be equal to the amount invested
divided by the unit price rounded to the nearest four
decimal places.
18. Closure of fund
In certain circumstances (e.g. where the fund size falls
below levels which Ancoria considers to be economically
viable), Ancoria reserves the right with the approval of
the Appointed Actuary to dissolve the fund, by giving
policyholders one month notice. In such an event the
policyholder shall be entitled to transfer his investment
to other funds offered by Ancoria, at the time, without
any cost.
A59/01e