Terms & Conditions

• Foord Asset Management (Guernsey) Limited (GFSC Reference 103300) is licensed to carry on Controlled Investment Business and is regulated by the Guernsey Financial Services Commission.
• Foord Asset Management (Singapore) Pte. Limited (MAS Licence Number: CMS 100264-1) is a licensed fund management company regulated by the Monetary Authority of Singapore (“MAS”). The company is also licensed in Australia as a foreign Australian Financial Services Licensee (Licence Number: AFSL 542514) to provide financial services to wholesale clients in Australia. Foord Asset Management (Guernsey) Limited and Foord Asset Management (Singapore) Pte. Limited are collectively known as "Foord" on this website.

DISCLAIMER

1. Any publication or advertisement herein is a marketing communication and has not been reviewed by any regulators including the Monetary Authority of Singapore.
2. The content herein is subject to change without notice. It should not be regarded as an offer or solicitation to purchase, sell or otherwise deal in the Foord global funds. It is provided for information purposes only and does not consider investment objectives, financial situation or particular needs of any person. Nothing contained herein constitutes a financial, tax, legal, investment suitability, or other type of advice.
3. Investors should read the offering documents, available in English, at www.foord.com, or seek relevant professional advice or consider investment suitability before investing in the fund. The offering documents include prospectus, product disclosure statement, key information document (“PRIIP KID”) and/or product highlights sheet, where applicable.
4. While we have taken and will continue to take care that the information contained herein, no representation or warranty, express or implied, is made as to the accuracy, completeness or reasonableness of any assumption provided herein. Neither Foord nor any of its related parties, their employees or directors are liable to any person who relies on the information.
5. Past performance of the Fund is not indicative of its future performance. Economic forecasts and predictions – not guaranteed to occur in future – are based on Foord’s interpretation of current factual information, and exploration of economic activity based on expectation of future growth under normal economic conditions, not dissimilar to previous cycles.
6. Foord may provide links to a website offered by the fund's administrator ("Administrator") for the purpose of viewing information of your investment with us. Access to and the use of such links is subject to the terms and conditions of the Administrator. You are responsible for keeping your login credential confidential.

FOORD GLOBAL FUNDS

1. Foord manages Foord global funds inter-alia Foord SICAV, Foord Global Equity Fund, Foord International Trust and Foord Global Equity Australian Feeder Fund. Key service providers engaged for the fund are disclosed in the respective offering documents, fact sheets, or semi-annual and annual report. The entity that oversees or supervises the Foord global funds are:

¹An undertaking for collective investment in transferable securities (“UCITS”) regulated by Commission de Surveillance du Secteur Financier, Luxembourg. Lemanik or Foord may terminate the arrangements made for marketing of collective investment undertakings in accordance with Article 93a of Directive 2009/65/EC and Article 32a Directive 2011/611/EU.
²An authorised Class B Collective Investment Scheme under the Protection of Investors (Bailiwick of Guernsey) Law, 2020.
³An authorised scheme registered with the Monetary Authority of Singapore.
⁴A registered managed investment scheme in Australia. 

2. FOORD SICAV – Foord International Fund complies with Article 8 of the EU’s Sustainable Finance Disclosure Regulation (“SFDR”). While information on sustainability-related aspects of the Fund may be included in the marketing communication, investors should consider all the characteristics or objectives as described in its prospectus before making an investment decision.
3. These collective investment schemes in transferable securities and other eligible assets are generally medium to long term investments. Investments involve risks. Foord does not guarantee the capital invested or the performance of the investment. The portfolio includes qualifying investments listed on regulated exchanges outside the fund’s domicile that carry risks as described in the prospectus which includes, among the others, non-recoverable withholding taxes and non-repatriation of funds. Investment values and costs may also fluctuate because of factors including but not limited to currency exchange rates that are impacted by wide-ranging economic factors.
4. UCITS funds are required to disclose a Synthetic Risk and Reward Indicator (SRRI) which is a value presented on a scale of 1 to 7 with 1 representing low risk /reward and 7 a higher level of risk/reward. Refer to the PRIIP KID on the SRRI risk rating. The calculation methodology is guided by the European Commission.
5. Foord global funds are registered only in certain countries as listed on our website. In some of these countries, the funds may be available for distribution to only professional investors. Any person accessing the offering documents of the relevant Foord global funds represent and warrant that he or she is an eligible investor residing in one of the mentioned countries and the applicable laws and regulations of his or her home jurisdiction allow him or her to access the information. The funds’ information herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
6. A summary of investor rights, available in English, is published under Forms and Documents/ Other Reporting. 

FACT SHEETS

Foord publishes monthly fact sheets which are available free of charge on the website. The fund’s performance, net of fees, is calculated for the portfolio on a single pricing basis (ie. NAV to NAV rolling monthly basis). Readers should note that individual investor performance may differ as a result of the actual investment date and the date of reinvestment net of withholding taxes, where applicable. Past performance disclosed are not indicative of future performance. 

In addition, the portfolio information is presented using effective exposures unless otherwise stated. Totals may not cast perfectly due to rounding.

FEES AND CHARGES

Foord charges zero initial, switching and exit fees. Management fees and other charges are disclosed in the fund’s offering documents.

1. Readers should note that management fee varies between funds and between classes within each fund.
2. The total expense ratio (“TER”) is a measure of a portfolio’s annual expenses, fees and charges, expressed as a percentage its average daily net asset value. The TER may include the TERs of the underlying fund if significant portfolio of its net asset is invested in a target fund. The calculation methodology in disclosed in the fund’s annual report and audited financial statements. For relative return funds, the TER includes, where applicable, performance fees crystalised at the end of the accounting period when performance fee conditions are met. Performance fee conditions and calculation methodology are disclosed in the fund’s offering documents. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER is not indicative of its future TER. The latest audited TERs are disclosed in the annual report and audited financial statements and the unaudited semi-annual financial statements.
3. Transaction costs are affected by the quantum of the gross in- and outflows over the period presented.

TAXATION

1. Foord will not be responsible for any loss, consequential or otherwise, arising from changes in tax or legislation that may have an impact on the performance of the investments.
2. Investors are encouraged to seek independent tax advice regarding the potential tax consequences of investment in the Foord global funds, taking account of their personal circumstances.
3. Foord global funds are capital-accumulation funds which do not make any regular distributions.
4. The following funds and share classes have obtained “reporting fund status” under the provisions of the United Kingdom (UK) offshore fund rules (“the reporting fund regime”) since 1 January 2022.
   1. Foord SICAV - Foord International Fund (share classes A, B, R and C1)
   2. Foord SICAV - Foord Global Equity Fund (share classes A, B, R and R1)
   3. Foord SICAV - Foord Asia Ex-Japan Fund (share classes R, R1, C1 and C2)

 PRICING/VALUATION

1. Units/Shares will be issued or realised on a forward pricing basis only on Dealing/ Valuation Day (as defined in the prospectus) and calculated based on the net asset value (“NAV”) represented by one unit/share. For Foord Global Equity Australian Feeder Fund, the NAV per unit is further adjusted for current transaction costs of 0.15% (also known as the buy/sell spread).
2. Prices are published on www.foord.com within two business days after the relevant Dealing/ Valuation Day.

RESTRICTIONS

1. Investment into certain share classes is subject to Foord’s approval.
2. Funds and share classes available to all investors are listed on the subscription form available under “Forms and Documents”. Investors should note the minimum holding amount disclosed in the prospectus. 
3. The offering document (i.e. prospectus) authorises the directors to invoke measures such as deferral of redemption and dealing suspensions to manage liquidity if the funds experience high investor dealing volumes (i.e. 10% of the fund’s net asset value or 5% of total number of units in issue).

OTHER ADMINISTRATIVE MATTERS

1. All dealing application requests must be received before the cut-off time stated in the prospectus on each Dealing/Valuation Day. Should an instruction be received after the cut-off time, it will only be processed on the next business day, at the price determined on that day (excluding weekends and public holidays).
2. In general, cut-off time is 16h00 Central European Time (CET) except for Foord SICAV- Foord Asia ex-Japan Fund and Foord Global Equity Australian Feeder Fund. The cut-off time is 08h00 CET and 14h00 (Sydney time) for Foord SICAV- Foord Asia ex-Japan Fund and Foord Global Equity Australian Feeder Fund respectively.
3. Investments will only be processed on receipt of monies and all required documentation. 
4. No interest shall accrue to monies awaiting allocation.
5. Redemption payments will be delayed until the requested original documents or refresher documents are received in good order. No interest shall accrue to redemption monies awaiting payment to investor.
6. Investors will receive monthly statements latest by the third business day of the following month. Contract notes are sent on a transaction basis.

This document is non-exhaustive. Investors/ Readers should read the offering documents.

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