# Risk and Reward Profile
The Fund aims to increase the value of Shareholders’ investments primarily through capital growth. The	
Fund invests principally in the shares and equity-related derivatives of companies which are listed, headquartered or carry out the main part of their economic activity in the USA. The Fund may also invest in other markets worldwide whereas the exposure is limited to 20% of the Fund's NAV. The Fund will use OTC and/or exchange-traded financial derivative instruments for investment purposes (to take long and short positions), efficient portfolio management and/or hedging purposes. At times, the Fund may also use equity index futures and/or options (long or short) in order to vary the level of volatility and/or market exposure in the Fund. Total derivatives (longs and shorts) are likely to represent a significant proportion of the Fund’s gross exposure to companies and may be potentially as high as 200% of NAV, although the Fund targets a long equity exposure of 130% of net assets and a short equity exposure of 30%. The Fund can invest up to 20% of NAV in Depositary Receipts (including ADRs, EDRs and/or GDRs). The Fund may use investment techniques known as ‘hedging’ to provide protection against exchange risks for the efficient management of its investments or to hedge a non-base currency share class. It is expected that the Fund will hold a significant portion of its assets in cash or ancillary liquid assets for liquidity purpose depending on the level of derivative use. The Fund may invest up to 10% of its Net Asset Value in other collective investment schemes.
FUND OPPORTUNITIES
A highly qualified and experienced investment manager actively manages the Fund. Multiple sources of information are used, both to generate ideas and to assist in validating and testing candidate companies for investment. This is complemented by techniques such as data mining and financial analysis.
RISK FACTORS
The value of the Fund and any income from it can fall or rise because of movements in stockmarkets, currencies and interest rates, each of which can move irrationally and be affected unpredictably by diverse factors, including political and economic events. The Fund may invest in derivatives with the aim of profiting from falling (‘shorting’) as well as rising prices. Should the asset’s value vary in an unexpected way, the Fund's value will reduce. Further the use of derivatives can result in greater fluctuations of the Fund's value. The Fund may hold a significant amount of cash or ancillary liquid assets. If it does so when markets are rising, the Fund's returns could be less than if the cash was fully invested in other types of assets. The Fund can invest in other currencies. Changes in exchange rates will therefore affect the value of the investment.
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Lower Risk	Higher Risk
Typically Lower Rewards	Typically Higher Rewards
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| ISIN | IE00BN13K086 |
| --- | --- |
| Valoren | 58397987 |
| Management Company | Three Rock Capital Management Ltd. |
| Investment Manager | Artemis Investment Management LLP, UK |
| Asset Class | Equity |
| Share Class Currency | USD |
| Base Currency | USD |
| Benchmark | S&P 500 TR Net Index |
| Fund Inception Date | 12/02/2021 |
| Share Class Launch Date | 12/02/2021 |
| Domicile | Ireland |
| Fund Type | UCITS |
| Minimum Initial Investment | USD 1,000,000 |
| Settlement | Trade Date + 3 BD |
| Dealing Frequency | Daily |
| Distribution | None |
| Total Fund Assets | USD 217.4 m |
| Total Share Class Assets | USD 7.6 m |

Translation (ENES, 2022-09-30):
# Perfil de riesgo y remuneración
El fondo pretende incrementar el valor de las inversiones de los accionistas principalmente mediante las	
plusvalías del capital. El fondo invierte principalmente en las acciones y los derivados relacionados con la renta variable de empresas que cotizan, tienen su sede o desarrollan la mayor parte de su actividad económica en EE.UU. El fondo también podrá invertir en otros mercados de todo el mundo, aunque la
Menor riesgo	Mayor riesgo
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exposición se limita al 20% de su valor de inventario neto. El fondo empleará instrumentos derivados financieros OTC o cotizados con fines de inversión (para adoptar posiciones largas y cortas), de gestión eficiente de la cartera o de cobertura. El fondo también podrá emplear en ocasiones futuros de índices de renta variable u opciones (largas o cortas) a fin de modificar el nivel de volatilidad o exposición de mercado del fondo. Es probable que el total de derivados (largos y cortos) representen una parte
Remuneración normalmente menor
Remuneración normalmente mayor
significativa de la exposición bruta del fondo a empresas y que potencialmente llegue a niveles tan altos