Protea Fund - Orchard Europe Equities R EUR/  LU1240813607  /

The Sub-Fund's objective is to provide capital growth primarily through investment in equity. To achieve this, the Sub-Fund will have an exposure to a select portfolio of equity and equity related securities (among others subscription rights, convertibles bonds, reverse convertibles bonds...) of companies which are domiciled, headquartered or exercise their main activity in Europe (including UK, East European countries, Russia). The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index. The return of the product is determined using the Net Asset Value (the 'NAV') calculated by the Central Administration. This return depends mainly on the market value fluctuations of the underlying investments as described below. The Sub-Fund may also be exposed to other countries worldwide and other assets such as : transferable securities, debt securities, structured products, funds and derivatives. The Sub-Fund may not invest more than 10% in other undertakings for collective investment (UCITS or other UCIs). Total commitment arising from financial derivative instruments, for purposes other than hedging, does not exceed 100% of its net assets. If the Investment Manager considers this to be in the best interest of the shareholders, the Sub-Fund may, for defensive purposes hold up to 100% in cash and equivalents, cash deposits, Money Market Funds and Money Market Instruments. The Sub-Fund's assets are held with Pictet & Cie (Europe) S.A. and are segregated from the assets of other Sub-Funds of the Fund. The assets of the Sub-Fund cannot be used to pay the debts of other Sub-Funds.

The Sub-Fund's objective is to provide capital growth primarily through investment in equity. To achieve this, the Sub-Fund will have an exposure to a select portfolio of equity and equity related securities (among others subscription rights, convertibles bonds, reverse convertibles bonds...) of companies which are domiciled, headquartered or exercise their main activity in Europe (including UK, East European countries, Russia). The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index. The return of the product is determined using the Net Asset Value (the 'NAV') calculated by the Central Administration. This return depends mainly on the market value fluctuations of the underlying investments as described below.