The fund's aim is long term capital appreciation through investing in equity and equity-related securities which are listed or traded on one or more recognised exchanges worldwide
Financial year end 31st December
In order to protect the interests of existing shareholders, when net subscription or net redemption requests exceed 0.5% of NAV, an anti-dilution levy will be applied to cover dealing charges, costs, etc.
Income potentially distributed on Reporting Status share classes. You should refer to the prospectus for more information
Prices are published daily on Bloomberg and by other third party data providers
Lancaster Investment Management LLP, (Authorised and Regulated by the Financial Conduct Authority, registered with the Securities Exchange Commission and registered with the Central Bank of Ireland ("CBI") as anon-EU AIFAM)
U.S. Bank Global Fund Services (Ireland) Limited
European Depository Bank
Deloitte LLP Dublin
Accepted – excluding Mini ISAs
James joined Lancaster in 2023.
Prior to this, from 2008-2023, he was lead portfolio manager on the Brook Absolute Return Strategy, managed by Odey Asset Management LLP.
From 2006-08 James was a partner and fund manager at ZA Capital, an equity hedge fund founded by a Schroder colleague Zafar Ahmadullah.
From 2003-06 James was an equity analyst at Schroders covering the retail and leisure sectors. James graduated from Edinburgh University in 2003 and has also completed the Chartered Financial Analyst Program.
Jamie joined Lancaster in 2023.
Prior to this, from 2011-2023, he was Co-Portfolio Manager on the Brook Absolute Return Strategy, managed by Odey Asset Management LLP.
From 2008-2010 Jamie was global pharmaceuticals and medical devices analyst at Orbis Investment Advisory.
From 2004-2008 Jamie was an analyst/deal manager at FF&P Private Equity. Jamie graduated from St. Edmund Hall, Oxford, where he read Biochemistry and has also completed the Chartered Financial Analyst Program
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All applications for Shares must be received (by letter or by facsimile) by the Administrator (tel 00353 1 523 8290) at its business address no later than 2.00 p.m. (Irish time) on the Business Day immediately preceding the relevant Dealing Day. The original application form must be sent to the Administrator by a Shareholder immediately after the initial application for Shares.
GBP I, EUR I, USD I
£1,000,000 (or equivalent in EUR / USD)
GBP LI, EUR LI, USD LI
£100,000,000 (or equivalent in EUR / USD)
Daily, no later than 2.00 p.m. (Irish time) on the Business Day immediately preceding the relevant Dealing Day.
Close of business daily.
Subscription monies are to be received by the Administrator no later than 5.00 p.m. (Irish time) on the third Business Day following the relevant Dealing Day, as appropriate or within such other period as may be permitted by the Directors.
Any subscription monies which are received by the Administrator prior to investment in a Sub-Fund will be held in a Collection Account and will not form part of the assets of the relevant Sub-Fund until such monies are transferred from the Collection Account to the account of the relevant Sub-Fund.
All units will be registered and issued in inscribed form, i.e. no certificate will be issued but ownership will be evidenced by entry on the Fund's register of unit holders.
Redemption instructions must be received by the Administrator no later than 2.00 p.m. (Irish time) on the Business Day immediately preceding the relevant Dealing Day. A Dealing Day is every day which is a bank business day in Ireland and London. Redemption proceeds will usually be returned by the fifth Business Day following the relevant Dealing Day.
Performance fee 20% of the increase in absolute outperformance of the share class during a performance period. Fees crystallise annually, and on redemption. Underperformance is carried forward; Ongoing Charge represents the Annual Management Fee + any other expenses (e.g. Audit fees, Administrator fees, etc.) including research costs but excluding any Performance Fee paid and financing costs for the year. The Total Expense Ratio represents the Ongoing Charge Figure + any Performance Fee paid for the year.
Ongoing Charge represents the Annual Management Fee + any other expenses (e.g. Audit fees, Administrator fees, etc.) including research costs but excluding any financing costs for the year.
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