Ci Worldwide Flexible Feeder Fund (A) - CIWFA fund information

The Ci Worldwide Flexible Feeder Fund is a Feeder Fund. The investment objective of the portfolio is to provide long term capital growth by providing investors with exposure to an international collective investment scheme portfolio comprising a diversified mix of global exposure to various asset classes. The Worldwide Flexible Fund, the target portfolio, will invest in a combination of lower risk assets such as cash and/or cash equivalents, global bonds and higher risk asset classes such as global equities and global property. As a default position the fund is expected to be invested 60% in a combination of higher and lower risk assets. Depending on the economic cycle, the Fund may increase the exposure to a combination of higher and lower risk assets up to 100% in anticipation of and during periods of expansion and similarly reduce the exposure to combination of higher and lower risk assets in anticipation of and during periods of contraction.
Overall, this blend of asset classes is expected to be balanced or moderate in terms of the risk/return scale. The target portfolio intends to invest in transferable securities in the form of global equities (such as shares and common stock) and global equity related securities (securities with equity characteristics or conferring the right to acquire equity securities, such as depositary receipts and preference shares), real estate investment trusts ('REITS') and global bonds (which may be government and/or corporate, fixed and/or floating, rated and/or unrated) which are listed on Recognised Markets. Investment in REITS will not exceed 25% of the Net Asset Value of the Fund. The target portfolio may also invest up to 100% of its Net Asset Value in cash and/or cash equivalents (including US Treasury Bills, cash deposits, corporate commercial paper and certificates of deposit) and/or short -term money market instruments (including US Treasury Bills, corporate commercial paper, and certificates of deposit) for cash flow purposes or as part of a temporary defensive strategy or where the Investment Manager believes that economic, financial and political conditions make it advisable to do so.
The target portfolio may invest up to 100% of its Net Asset Value in the units and/or shares of underlying funds which provide exposure to the asset classes in which the portfolio can directly invest, subject to a maximum exposure of any one underlying fund not exceeding 20% of the portfolio's Net Asset Value and subject to the portfolio not investing more than 20% of its Net Asset Value in unregulated funds. Investments to be included in the Ci Worldwide Flexible Feeder Fund will, apart from assets in liquid form, consist solely of participatory interests of only one collective investment scheme portfolio, namely the Worldwide Flexible Fund, being a sub-Fund of Ci Global Investments RIAIF ICAV, an open-ended umbrella type investment company with segregated liability between Funds, authorised by the Central Bank of Ireland. The Ci Worldwide Flexible Feeder Fund may to the extent that assets in a portfolio are exposed to exchange rate risk, enter into financial transactions for the exclusive purpose of hedging such exchange rate risk subject to the conditions and the limits stipulated in the Act, and the Regulations, thereto. The Trustee shall ensure that the investment policy set out in the Supplemental Deed is carried out. For the purpose of this portfolio, the Manager shall reserve the right to close the portfolio to new investors on a date determined by the Manager. This will be done to efficiently manage the portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager. Nothing in the supplemental deed shall preclude the Manager from varying the ratios of securities or assets in liquid form in changing economic environment or market conditions, or to meet the requirements in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and the supplemental deed.