# What is this product?
Type:
This product is a UCITS Fund, which is structured as an umbrella ICAV with segregated lability. The assets and liabilities of each sub-fund of the ICAV are segregated as a matter of Irish law with each sub-fund comprising a separate and distinct portfolio of investments, and accordingly in the event of the insolvency of a sub-fund only investors of that sub-fund will be affected. Shares in the Fund may be switched for shares of another class in the Fund or shares of another sub-fund of the ICAV (if available), subject to certain conditions and meeting the requirements for investment in such other classes or sub-funds. See the section entitled “Conversion of Shares” in the ICAV’s prospectus for further information. The Fund's assets are held through its depositary, Northern Trust Fiduciary Services (Ireland) Limited. Further information about the Fund (including the current prospectus and the latest annual and semi-annual reports, which are prepared for GQG Global UCITS ICAV as a whole), as well as information on other share classes of the Fund and other sub-funds of the ICAV available to you, is available in English, free of charge, from Northern Trust International Fund Administration Services (Ireland) Limited (the "Administrator") and at GQGpartners.com.
Term:
This Fund is an open-ended UCITS and has an indefinite duration. The Fund may be terminated at any time in line with the constitutional documents of the ICAV.
Objectives:
The Fund’s investment objective is to seek long term capital appreciation.
The Fund may invest in Equity and ELS, including common stock, preferred stock and options, of U.S. companies. The Fund also may invest in equity securities of non-U.S. companies in both developed and Emerging Markets. This Fund has no limitation on the capitalization size or industry focus of the companies in which it invests. The Fund may invest in initial public offerings. The ELS in which the Fund will invest include depositary receipts, which are certificates typically issued by a bank or trust company that represent ownership interests in securities of non-U.S. companies.
The Fund will exclude investments in companies that derive more than 25% of their revenue from tobacco. In addition, no investments will be made in companies associated with the production of controversial weapons such as anti-personnel mines, cluster munitions, depleted uranium and biological or chemical weapons (i.e. companies screened out by the MSCI ex-Controversial Weapons Index).
The Fund may use the following FDIs for investment purposes: participation notes or participatory notes (which do not embed leverage) and/or LEPOs to gain access to inaccessible securities.
The Fund may invest up to 20% of net assets in non-U.S. investments. The Fund may also invest in: units of other UCITS and real estate investment trusts.
For Accumulating classes, any income or gains of the Fund (net of expenses) will be accumulated and reinvested into the NAV of the Fund. For Distributing classes, any income less expenses earned will be distributed in accordance with the distribution policy in the prospectus.
For full investment objective and policy details, please refer to the “Investment Objective” and “Investment Policies” sections of the Fund’s supplement.
Investors can buy or sell shares on any day on which banks are open for business in Dublin and London.
Recommendation: This Fund is not suitable for investors unable to maintain a long term investment.
Equities: securities representing an equity instrument in a company.
ELS: equity linked securities such as depositary receipts, participatory notes and LEPOs.
Emerging Markets: every country except the U.S., Canada, Japan, Australia, New Zealand, and most of the countries in Western Europe.
LEPOs: Low Exercise Price Options, an FDI where the price to exercise the option to buy/sell the underlying asset is close to zero.
FDIs: a derivative contract between two or more parties whose value depends on the rise and fall of the relative value/price of an underlying asset.
NAV: net asset value of the Fund.
Intended retail investor:
An investment in the Fund is suitable for investors seeking capital appreciation and that are prepared to accept a moderate to high level of volatility. As with any investment in emerging markets volatility will be relatively high on an absolute basis when compared with established markets, however the level of volatility is anticipated to be moderate when compared to similarly focused geographical strategies.
The Fund is intended for investors (i) with knowledge and/or experience of these types of products, (ii) that have obtained appropriate investment advice and (iii) that have the ability to bear losses up to the amount they have invested in the Fund.
Investors should be prepared to maintain a long-term investment in the Fund.
Your shares can be sold on any business day in the Fund, which is defined in the Prospectus as days when banks are open in Dublin and London.
Dividends will be reinvested into the Net Assets of the Fund for Accumulating Share Classes. Dividends may be distributed for Distribution Share Classes.

Translation (ENES, 2023-01-01):
# ¿Qué es este producto?
Tipo:
Este producto es un Fondo OICVM y está estructurado como ICAV de tipo paraguas con responsabilidad segregada entre subfondos. El activo y el pasivo de los subfondos del ICAV están segregados con arreglo a la legislación irlandesa y cada uno de ellos se compone de una cartera de inversiones independiente y distinta. Por consiguiente, en caso de insolvencia de un subfondo solo se verán afectados los inversores de ese subfondo concreto. Las acciones del Fondo se pueden canjear por acciones de otra clase del Fondo o por acciones de otro subfondo del ICAV (si procede), con sujeción a determinadas condiciones y al cumplimiento de los requisitos exigidos para la inversión en esas otras clases o subfondos. Para más información, véase la sección titulada «Conversión de acciones» del folleto del ICAV. Los activos del Fondo se mantienen bajo custodia de su depositario, Northern Trust Fiduciary Services (Ireland) Limited. Puede obtener más información de forma gratuita acerca del Fondo (incluidos el folleto vigente y los informes anual y semestral más recientes, elaborados para el conjunto del GQG Global UCITS ICAV), así como sobre otras clases de acciones del Fondo y otros subfondos del ICAV, disponible en inglés, a través Northern Trust International Fund Administration Services (Ireland) Limited (el «Administrador») y visitando GQGpartners.com.
Plazo:
El Fondo es un OICVM de tipo abierto de duración indefinida. El Fondo se podrá liquidar en cualquier momento con arreglo a los documentos constitutivos del ICAV.
Objetivos:
El objetivo de inversión del Fondo es lograr la revalorización a largo plazo del capital.
El Fondo puede invertir en valores de Renta variable y relacionados con esta, incluyendo acciones ordinarias, acciones preferentes y opciones de empresas estadounidenses. El Fondo también puede invertir en valores de renta variable de empresas no estadounidenses de Mercados emergentes y desarrollados. Este Fondo no está sujeto a límites de capitalización ni sectoriales por lo que respecta a las empresas en las que invierte. El Fondo puede invertir en ofertas públicas iniciales. Los valores relacionados con la Renta variable en los que puede invertir el Fondo incluyen certificados de depósito, que son certificados normalmente emitidos por un banco o una sociedad fiduciaria que representan participaciones en valores de empresas no estadounidenses.
El Fondo excluirá las inversiones en empresas que obtienen más del 25% de sus ingresos del tabaco. Además, no invertirá en empresas relacionadas con la fabricación de armas controvertidas, tales como minas antipersonas, municiones en racimo, uranio empobrecido y armas biológicas o químicas (es decir, empresas descartadas por el MSCI ex-Controversial Weapons Index).
El Fondo puede utilizar los Derivados siguientes con fines de inversión: participation notes o participatory notes (que no incorporen apalancamiento) y/o LEPO.
El Fondo puede invertir hasta el 20% de sus activos netos en inversiones no estadounidenses. El