NEXTAM PARTNERS – Nextam CITIC Securities China Fund I

KEY INVESTOR INFORMATION
This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand
the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest.
NEXTAM PARTNERS - CITIC Securities China Fund, a sub-fund of
NEXTAM PARTNERS SICAV
Share class I – ISIN LU0551702078
This sub-fund is managed by Nextam Partners Ltd., 10, St. Bride’s House Salisbury Square, EC4Y 8EH London, United Kingdom
Objective and Investment Policy
Objectives
We aim to grow the value of your investment and generate a high riskadjusted return. "Risk-adjusted" means that we measure how much risk
we take to produce the return.
Investment Policy
The sub-fund invests principally in equity securities issued by
companies who are either based in, or derive a large part of their
revenues and or earnings from China, Hong Kong and Taiwan. These
securities are generally denominated in Hong Kong Dollars, Yuan, or
US Dollars, and net exposure may oscillate between 0% and 100% of
net assets. The investment strategy is to maximize risk-adjusted
returns. The portfolio may contain derivatives, whose value is based
on the performance of another financial asset, index or investment.
The sub-fund may invest up to 10% of its nets assets in UCITS or
other UCIs.
We may also invest in convertible bonds (bonds that can be converted
into equities) and depositary receipts (a financial instrument issued by
a bank that represents a foreign company's publicly traded securities)
that are listed on any regulated market. The sub-fund does not look to
market capitalization and liquidity as discriminating factors when
selecting investments. The proportion of the sub-fund's assets that are
invested in a particular type of instrument, geographical area, sector or
currency may vary and will depend on the market, financial, and
economic outlook.
The sub-fund does not have a benchmark, as the investment style is
flexible.
Distribution Policy
This share class is a "capitalisation" fund. This means we will
normally reinvest any income received, such as dividend payments,
rather than distributing it to you. As such, the income contributes to
the sub-fund's return.
Daily Trading
You may buy or sell shares on demand on any bank business day in
Luxembourg. The price you pay or receive depends on the net asset
value of a fund share on the next bank business day after your request
to buy or sell.
Transaction Costs
Transaction costs are charged to the sub-fund. This reduces its returns.
Investment Horizon
This fund is suitable if you have a high risk tolerance.
Recommendation: this Sub-Fund may not be appropriate for investors
who plan to withdraw their money within 6-8 years since investment.
Risk and Reward Profile
Lower risk
Higher risk
Potentially lower reward
1
2
3
Potentially higher reward
4
5
6
7
The risk and reward indicator illustrates where the sub-fund is
positioned in terms of its possible risk and reward. The higher the
sub-fund position in the above risk scale, the greater the possible
reward but also the greater risk of losses of your investment. The
lowest the sub-fund position in the above risk scale could mean
slighter risk of losses in your investment but also smaller rewards.
Even if the sub-fund is ranked in the lowest part of the risk scale it
does not mean it is a risk free investment.
The risk indicator is calculated using past performance of the sub-fund
where available. Past performance may not be considered a reliable
indicator for the future performance of the sub-fund. Risk
classification may change over time.
The sub-fund is in category 6 because it invests in assets that carry a
high risk.
The risks that may not be normally captured by the above risk and
reward indicator are the following:
Credit risk: The sub-fund may invest, directly or indirectly, part of its
assets in bonds. Bonds may pose a credit risk in relation to the issuer.
If an issuer encounters financial or economic difficulties, this may
impact on the value of the bond payments and payments made on
these bonds.
Liquidity risk: Occurs when the securities in the portfolio of the subfund are sold below their valuation due to insufficient liquidity in the
market attributable to extraordinary circumstances.
Counterparty risk: A counterparty to a financial contract with the
sub-fund could fail to return money or instruments belonging to the
sub-fund.
Operational risk: Operational processes, including those to do with
the safekeeping of assets, may fail, leading to losses.
Concentration risk: We can invest substantial amounts in bonds, so
risk might be concentrated in one asset class.
Derivative risk: Where derivatives are employed to increase or reduce
the amount of exposure to underlying assets, these derivatives may
have an impact on the risk profile of the sub-fund.
Currency risk: The sub-fund's accounts are in euros but its assets can
be in any currency. Losses may occur when the assets are converted
into euros. If you do not have the euro as your reference currency, you
may also incur exchange rate risks.
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Charges
The charges you pay are used to pay the cost of running the sub-fund,
including the costs of marketing and distributing it. These charges
reduce the potential growth of your investment.
The entry and exit charges shown are maximum figures. In some
cases, you might pay less - you can find this out from your Financial
Adviser.
Entry charge
3.00%
The ongoing charges figure is based on expenses for the twelve month
period ending on 31 December 2016. This figure may vary from year
to year. It excludes:
Exit charge
none
Q
Performance fees
Q
Portfolio transaction costs, except in the case of an entry/exit
charge paid by the sub-fund when buying or selling units in an
other collective investment undertaking
One-off charges taken before or after you invest
This is the maximum that might be taken out of your money before it is
invested and before the proceeds of your investment are paid out.
Charges taken from the fund over a year
Ongoing charge
For more information about charges, please refer to the Charges
section of the prospectus which is available at
www.nextampartners.com
2.33%
Charges taken from the fund under specific conditions
Performance fee: The fee, paid to the Investment Manager on a monthly basis,
will be equal to 20% of the performance of the average net asset value (prior
to the accrual of the performance fee) above the High Water Mark. The High
Water Mark is the higher of (i) the initial subscription price and (ii) the last
net asset value as of which a performance fee was paid. In the fund's last
financial year the performance fee was 0.00% of the fund.
Past Performance
%
40
Q NEXTAM PARTNERS – Nextam CITIC Securities China Fund I
(LU0551702078)
Past performance is not a reliable indicator of future results.
Past performance is shown after the deduction of ongoing charges and
performance fees. Any entry/exit fees are excluded from the
calculation.
30
20
The sub-fund was launched on 16 November 2010 and the share class
on 16 November 2010.
10
0
Past performance has been calculated in EUR and is expressed as a
percentage change of the sub-fund's Net Asset Value at each year end.
-10
-20
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
-13.6
17.2
4.3
28.0
-5.7
5.5
Practical Information
Custodian: State Street Bank Luxembourg S.C.A., 49 Avenue J.F.
Kennedy, L-1855 Luxembourg, Luxembourg
Further Information: More detailed information on this sub-fund,
such as the prospectus as well as the latest annual and semi-annual
report, can be obtained free of charge from the sub-fund Management
Company, the central administrator, the sub-funds' distributors or
online at www.nextampartners.com
More share classes are available for this sub-fund. For more details
about other share classes, please refer to the prospectus, which is
available at www.nextampartners.com
Details of the Company's up-to-date remuneration policy Including a
description of how remuneration and benefits are calculated, the
identity of persons responsible for awarding the remuneration and
benefits are available on the following website
http://sgr.nextampartners.com/file_user/436.pdf. A paper copy of
the remuneration policy will be made available free of charge to
shareholders upon request to the Company.
Net Asset Value Publication: The Net Asset Value per share is
available at www.nextampartners.com and at the registered office of
the Management Company.
Tax Legislation: The sub-fund is subject to the tax laws and
regulations of Luxembourg. Depending on your own country of
residence this might have an impact on your investments. For further
details, you should consult a Tax Adviser.
Liability Statement: Nextam Partners Sicav, 16, rue Jean Pierre
Brasseur, L-1258, Luxembourg may be held liable solely on the basis
of any statement contained in this document that is misleading,
inaccurate or inconsistent with the relevant parts of the prospectus for
the sub-fund.
Switching between sub-funds: Shareholders may apply for any share
classes of any sub-funds to be converted (ie. Switch) into the share
class of another sub-fund, provided that the conditions for accessing
the target share class, type or sub-type are fulfilled with respect to this
sub-fund, on the basis of their respective Net Asset Value calculated
on the Valuation Day following receipt of the conversion request.
The redemption and subscription costs connected with the conversion
may be charged to the shareholder as indicated in the prospectus.
For more details about how to perform the Switch from one sub-fund
to another sub-fund, please refer to the prospectus, section Conversion
of shares, which is available at www.nextampartners.com
This sub-fund is authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Nextam Partners Ltd., 10, St. Bride’s House Salisbury
Square, EC4Y 8EH London, United Kingdom is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is
accurate as at 15/02/2017.
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