# Important legal information
Source: GAM, unless otherwise stated. (Where applicable and, unless otherwise noted, performance is shown net of fees, on a NAV to NAV basis). GAM has not independently verified the information from other sources and GAM gives no assurance, expressed or implied, as to whether such information is accurate, true or complete.
This document is not intended for distribution to or use by persons or entities with nationality of or with their residence, domicile or registered office in a State or Country in which such distribution, publication, making available or use is contrary to laws or other regulations. The responsibility for the further use of fund descriptions contained in this document lies solely with the intermediary.
Nothing contained herein constitutes investment, legal, tax or other advice, nor is it to be solely relied on in making an investment or other decision. This document qualifies as marketing material.
The views expressed herein are those of the manager at the time and are subject to change. The price of shares may go down as well as up and the price will depend on fluctuations in financial markets outside GAM's control. As a result an investor may not get back the amount invested. Past performance is not indicative of future performance and reference to a security is not a recommendation to buy or sell that security. Allocations and holdings are subject to change.
This is not an invitation to invest in any GAM product or strategy. Investments should only be made after a thorough reading of the current prospectus, offering memorandum, the Key Investor Information Document “KIID”, the articles of association and the current annual and semi-annual reports (the “legal documents”), as well as after consulting an independent finance and tax specialist. The legal documents can be obtained in hard copy and free of charge from the addresses indicated below.
Some of the sub-funds may not be registered for sale in all jurisdictions. Therefore, no active marketing must be carried out for them. Subscriptions will only be received and shares or units issued on the basis of the current fund prospectus.
Shares of the fund have not been registered under the US Securities Act of 1933, as amended (the “Securities Act”) and the fund is not registered under the US Investment Company Act of 1940, as amended (the “Company Act”). Accordingly, such shares may not be offered, sold or distributed in the United States or to US persons unless an exemption from registration under the Securities Act and the Company Act is available. In addition, certain GAM products are closed to all US investors.
This material/presentation mentions one or several sub-funds of GAM Funds domiciled in Luxembourg, registered office at 25, Grand-Rue, L-1661 Luxembourg, each an umbrella investment company with variable capital and segregated liability between the sub-funds, incorporated under the laws of Luxembourg and authorised by the CSSF as a UCITS Fund in accordance with the Directive 2009/65/EC. Management Company is GAM (Luxembourg) S.A., 25, Grand-Rue, L-1661 Luxembourg.
AUSTRIA: The legal documents in English and the KIID in German can be obtained free of charge, from the Paying Agent in Austria, Erste Bank der oesterreichischen Sparkassen AG, Graben 21, A-1010 Vienna or on the internet at www.gam.com.
BULGARIA: The English version of the prospectus and the Bulgarian version of the KIID can be obtained, free of charge, on the internet at www.gam.com. CHILE: The fund is registered with the CCR for pension fund purposes only. The Fund can otherwise not be the subject of a public offer in Chile.
CYPRUS: The English version of the prospectus and the KIID can be obtained, free of charge, on the internet at www.gam.com or from the representative in Cyprus: Cyprus Development Bank Public Company Ltd, 50 Arch. Makarios III Ave., 1508 Nicosia, Cyprus.
DENMARK: This document is destined exclusively for professional or institutional investors in Denmark and shall not be passed on to third parties. Particularly, this document shall not be used as advertising material for distribution to retail investors or any other kind of public offering of the funds, their sub-funds or share categories. The English version of the prospectus, the articles of association and the most recent published annual- and semi-annual report, as well as the Danish version of the KIID, can be obtained free of charge on the internet at www.gam.com.
ESTONIA: The English version of the prospectus and the Estonian version of the KIID can be obtained free of charge from the distributor: Swedbank, AS, Liivalaia 8, EE-15040 Tallinn or at www.gam.com. FINLAND: The English version of the prospectus and the Finnish version of the KIID can be obtained, free of charge, on the internet at www.gam.com.
FRANCE: The prospectus, the annual report and the most recent half-yearly report in English and the KIID in French can be obtained free of charge from the centralising agent in France, CACEIS Bank, 1-3, place Valhubert – 75013 Paris or on the internet at www.gam.com.
GERMANY: The legal documents in English and the KIID in German can be obtained free of charge, from the information agent GAM (Luxembourg) S.A. - Zweigniederlassung Deutschland, Bockenheimer Landstr. 51-53 60325 Frankfurt am Main or on the internet at www.gam.com. Paying Agent is DekaBank Deutsche Girozentrale, Hahnstrasse 55, D-60528 Frankfurt am Main.
ICELAND: The English version of the prospectus and the Icelandic version of the KIID can be obtained, free of charge, on the internet at www.gam.com.
IRELAND: The legal documents can be obtained in English, free of charge, from GAM Fund Management Limited, George’s Court, 54-62 Townsend Street, Dublin 2,on the internet at www.gam.com.
ITALY: This document is destined exclusively for internal use by intermediaries appointed by GAM and/or institutional or qualified investors and shall not be passed on to third parties. Particularly, this document shall not be used as advertising material for public distribution or any other kind of public offering of the funds, their sub-funds or share categories. The Prospectus, the Key Investor Information Document – KIID, the annual, the semi-annual reports as well as the subscription form and the Italian distribution partners’ list of each subfund are not included in the above mentioned restriction. The English version of the prospectus and the Italian version of the KIID can be obtained, free of charge, on the internet at www.gam.com.
LATVIA: The English version of the prospectus and the Latvian version of the KIID can be obtained free of charge from the authorized representative: Swedbank AS, Balasta dambis 1a, LV-1048 Riga or at www.gam.com
LIECHTENSTEIN: The legal documents in English and the KIID in German, can be obtained free of charge from the paying agent Liechtenstein LGT Bank AG, Herrengasse 12, FL-9490 Vaduz or on the internet at www.gam.com.
LITHUANIA: The English version of the prospectus and the Lithuanian version of the KIID can be obtained free of charge from the authorized representative: Swedbank AB, Konstitucijos pr. 20A, LT - 03502 Vilnius or at www.gam.com.
LUXEMBOURG: The legal documents in English can be obtained free of charge, from GAM (Luxembourg) SA or on the internet at www.gam.com. NETHERLANDS: The English version of the prospectus and the Dutch version of the KIID can be obtained free of charge on the internet at www.gam.com. NORWAY: The English version of the prospectus and the Norwegian version of the KIID can be obtained, free of charge, on the internet at www.gam.com. PORTUGAL: The English version of the prospectus and the Portuguese version of the KIID can be obtained, free of charge, on the internet at www.gam.com.
SPAIN: The legal documents can be obtained in English, respectively for the KIID in Spanish, free of charge, from the Paying Agent in Spain, ATL 12 Capital Inversiones A.V., S.A., Montalbán 9, 28014 Madrid or on the internet at www.gam.com.
SWEDEN: The English version of the prospectus and the Swedish version of the KIID can be obtained free of charge from the Paying Agent, MFEX Mutual Funds Exchange AB, Linnégatan 9-11, SE-114 47 Stockholm or on the internet at www.gam.com.
SWITZERLAND: The legal documents can be obtained in German, free of charge, from the Swiss Representative: GAM Investment Management (Switzerland) Ltd., Hardstrasse 201, Postfach, CH-8037 Zurich or on the internet at www.gam.com. Paying Agent is State Street Bank International GmbH, Munich, Zurich Branch, Beethovenstrasse 19, CH-8027 Zurich
UNITED KINGDOM: As far as UCITS described herein are recognised schemes under section 264 of the Financial Services and Markets Act 2000: Copies of the legal documents can be obtained in English, free of charge, from the Facilities Agent GAM Sterling Management Limited, 8 Finsbury Circus, London EC2M 7GB (authorised and regulated by the FCA) or on the internet at www.gam.com. Investments in the funds are not protected by the Financial Services Compensation Scheme.
HONG KONG: In Hong Kong, this material is restricted to professional investors (as defined in the Securities and Futures Ordinance (Cap 571)) only.
JAPAN: In Japan, the funds mentioned herein are not registered for public sale or private placement (except for some of the funds, if applicable) pursuant to the Law on Investment Trusts and Investment Companies and shall not be disclosed publicly pursuant to the Financial Instruments and Exchange Law (the "FIEL"). Therefore, none of the Shares of the funds mentioned herein may be solicited in Japan or to residents in Japan. This material is intended for circulation to professional, institutional and/or qualified investors only. Any person in receipt of this material is not allowed to distribute it to residents in Japan nor communicate to residents in Japan about the funds mentioned herein.
SINGAPORE: In Singapore, this material is limited to institutional investors (as defined in the Securities and Futures Act (Cap.289)) (‘SFA’) only and does not constitute to an offer to subscribe for shares in any of the funds mentioned herein. (Fund not registered)
OR for restricted recognized schemes:
In Singapore, shares of the fund may only be offered to institutional and accredited investors (as defined in the Securities and Futures Act (Cap.289)) (‘SFA’) and this material is limited to the investors in those categories. (Fund REGISTERED)
ASIA PACIFIC: In other countries in Asia Pacific, this material should only be distributed in accordance with the applicable laws in the relevant jurisdiction.
ISRAEL: No action has been or will be taken in Israel that would permit an offering of the products or a distribution of this marketing document to the public in Israel. In particular, the marketing document had not been reviewed or approved by the Israeli Security Authority. Accordingly, this marketing document may be used to offer or sell any products directly or indirectly only to investors of the type listed in the First Supplement to the Israeli Securities Law, 1968, and for that purpose only. This marketing document may not be reproduced or used for any other purpose, nor be furnished to any other person other than those to whom copies have been sent. Any offeree who purchases the product is purchasing it according to its own understanding, for its own benefit and on its own account and with no aim or intention of distributing or offering it to other parties. Any offeree who purchases the product has such knowledge, expertise, and experience in financial and business matters as to be capable of evaluating the risks and merits of an investment in the product. Nothing in this marketing document should be considered Investment Advice or Investment Marketing, as defined in the Regulation of Investment Advice, Investment Marketing and Portfolio Management Law, 1995.
Within the UK, this material has been issued and approved by GAM London Ltd, 8 Finsbury Circus, London EC2M 7GB, authorised and regulated by the Financial Conduct Authority. A summary of shareholder rights can be obtained, free of charge, on the internet: www.gam.com/en/policies-and-disclosures.
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Translation (ENFR, 2021-12-31):
# Informations importantes
Source : GAM, sauf indication contraire. (Le cas échéant et sauf mention contraire, la performance est indiquée nette de frais, sur la base des VNI). GAM n’a procédé à aucune vérification indépendante des informations en provenance d’autres sources et GAM n’apporte aucune garantie, expresse ou implicite, quant à leur exactitude, leur véracité ou leur exhaustivité.
Le présent document n’est pas destiné à être distribué ou utilisé par des personnes ou entités dont la nationalité ou la résidence, le domicile ou le siège social se situe dans un Etat ou un pays dans lequel une telle distribution, publication, mise à disposition ou utilisation est contraire à la loi ou à tout autre règlementation. La responsabilité d’une utilisation ultérieure des descriptions de fonds figurant dans ce document relève uniquement de l’intermédiaire.
Ce document ne constitue en rien un conseil en investissement, juridique, fiscal ou autre, ni une base suffisante sur laquelle fonder une décision de placement ou d’une autre nature. Il s’agit d’un document promotionnel.
Les opinions exprimées sont celles du gestionnaire à un moment donné et peuvent évoluer. Les cours des parts peuvent évoluer à la hausse comme à la baisse et dépendront des fluctuations des marchés financiers, sur lesquelles GAM n’a aucun contrôle. Par conséquent, il existe un risque que l’investisseur ne récupère pas le montant investi. Les performances passées ne sont pas un indicateur fiable des performances futures et les références à des titres ne constituent pas des recommandations d’achat ou de vente de ces titres. Les allocations et les positions sont susceptibles d’être modifiées.
Le présent document ne constitue pas une invitation à investir dans une stratégie ou un produit GAM. Les placements ne doivent être effectués qu’après lecture approfondie des versions actuellement en vigueur du prospectus, de la notice d’offre, du Document d’information clé pour l’investisseur (« DICI »), des statuts, ainsi que des rapports annuel et semestriel en vigueur (les « documents légaux »), et après consultation d’un spécialiste indépendant des questions financières et fiscales. Les documents légaux peuvent être obtenus gratuitement sous format papier aux adresses indiquées ci-dessous.
Il est possible que certains compartiments ne soient pas enregistrés à la vente dans toutes les juridictions. Aucune commercialisation active ne doit dès lors être mise en œuvre à leur égard. Les souscriptions seront uniquement acceptées et les parts ou actions émises sur la base du prospectus du fonds en vigueur.
Les parts du fonds n’ont pas été enregistrées en vertu de la loi américaine sur les valeurs mobilières (« US Securities Act ») de 1933, telle que modifiée, et le fonds n’est pas enregistré en vertu de la loi américaine sur les sociétés d’investissement (« US Investment Company Act ») de 1940, telle que modifiée. Par conséquent, ces parts ne peuvent être proposées, vendues ou distribuées aux Etats-Unis ou à des ressortissants américains, à moins d’une exemption d’enregistrement en vertu desdites lois américaines sur les valeurs mobilières et sur les sociétés d’investissement. Par ailleurs, certains des produits GAM ne peuvent pas être souscrits par des investisseurs américains.
Ce document/cette présentation mentionne un ou plusieurs compartiments de GAM Funds, société domiciliée au Luxembourg dont le siège social est sis 25, Grand-Rue, L-1661 Luxembourg, chacun constituant une société d’investissement à capital variable à compartiments multiples avec une responsabilité séparée entre compartiments, de droit luxembourgeois et autorisée par la CSSF en tant que Fonds UCITS en application de la directive européenne 2009/65/CE. La Société de gestion est GAM (Luxembourg) S.A., 25, Grand-Rue, L-1661 Luxembourg.
BELGIQUE: Le mot fonds utilisé dans cette brochure doit être compris comme SICAV, compartiment de SICAV ou fonds commun de placement. Les investisseurs supportent les taxes de bourse et les commissions habituels. La taxe boursière est de 1,32% tant lors du rachat que lors de la conversion des actions de capitalisation (avec un maximum de EUR 4000 par transaction). La commission d’entrée chargée par les intermédiaires est de 5% maximum pour les compartiments de GAM Multistock, Multicooperation SICAV et de Multipartner SICAV, de 3% maximum pour les compartiments de GAM Multibond et de 2% maximum pour les compartiments GAM Multicash. Les dividendes de GAM Star Fund p.l.c., GAM Multibond, GAM Multistock, Multicooperation SICAV et Multipartner SICAV sont soumis à un précompte mobilier de 27%. Les tarifs effectivement prélevés doivent respecter à tout moment les dispositions du prospectus. Les documents d’informations clés pour l’investisseur, sont disponibles en français, le Prospectus, les statuts et les derniers rapports périodiques, en anglais, et mis gratuitement, à la disposition du public sur le site internet www.gam.com et également au siège social de la Société à Luxembourg, au siège central de RBC Investor Services Belgium S.A., Zenith Building, Boulevard du Roi Albert II, 37, B-1030 Bruxelles, qui assure le service financier en Belgique, et aux guichets de l’agence de Belfius Banque qui est située au boulevard Pachéco 44, 1000 Bruxelles. La valeur nette d’inventaire des compartiments est publiée sur le site internet www.fundinfo.com. Pour introduire une plainte, veuillez consulter www.gam.com.
FRANCE: Des exemplaires du prospectus de vente, du document d'information clé pour l'investisseur (DICI) ainsi que les rapports annuels et semi-annuels sont mis gratuitement à disposition du public, en anglais, respectivement pour les DICI en français, au siège central de l’agent centralisateur en France: CACEIS Bank, entité domiciliée au 1-3, place Valhubert –75013 Paris ou sur le site internet www.gam.com.
SUISSE: Les documents légaux sont disponibles gratuitement en allemand, à disposition du public auprès du représentant en Suisse: GAM Investment Management (Switzerland) Ltd., Hardstrasse 201, Postfach, CH-8037 Zurich ou sur le site internet www.gam.com. L’Agent de paiement en Suisse est la banque State Street Bank International GmbH, Munich, Zurich Branch, Beethovenstrasse 19, Postfach, 8027 Zurich.
Au Royaume-Uni, le présent document a été émis et approuvé par GAM London Ltd, 8 Finsbury Circus, Londres EC2M 7GB, une société agréée et réglementée par la Financial Conduct Authority. Un résumé des droits des investisseurs peut être obtenu gratuitement à l'adresse suivante: www.gam.com/fr/policies-and-disclosures.
A1401Z/LXBG+Ra/CHFR