Detailed Disclaimer

This website is designed Professional Adviser use only.

This website may contain marketing communications.  Please refer to the relevant legal documents before making any final decision to invest.

​The information on this website is provided for general information and does not constitute or form part of any offer, recommendation, or invitation to buy or sell shares. It is intended for Professional Adviser use only.

The value of investments and income from them can go down and you may get back less than originally invested. The value of financial products can fluctuate depending on several factors, such as market conditions and the value of underlying securities. Any illustrations, forecasts or hypothetical data provided should be taken for illustrative purposes only, and not as a guarantee of future returns. There is no guarantee that investments will achieve their objective.

​Fluctuations in exchange rates may have a positive or an adverse effect on the value of foreign-currency denominated securities and financial instruments. Certain investments involve an above-average degree of risk and should be seen as long-term in nature.

The investment products and services described in the website may have tax consequences. Prior to investing in any financial product or fund, we highly encourage investors to seek the advice of specialised financial, legal, and tax professionals. Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. You acknowledge that levels and bases of taxation may change. We do not provide tax advice. You should consult your own tax adviser in order to understand the tax consequences of the products and services described in the website. Furthermore, we urge investors to carefully consider whether the investment is suitable for their individual circumstances, risk tolerance, and investment objectives.

 

Pricing & valuations throughout the website or Portal

Indicative pricing or valuations throughout the site do not represent a firm bid or offer, or value and does not commit Causeway Securities to any transaction. Firm price quotations and values may vary significantly from an indicative price because of various factors. Whilst we exercise the utmost care in our understanding and listing of the tax treatment of securities and funds, we are not tax advisers and cannot be held responsible for the taxation of securities or funds issued and managed. Investors should take advice from their usual tax adviser if they are in any doubt.

 

Important information about the Causeway Defined Growth Fund

A comprehensive list of risk factors is detailed in the Risk Warnings Section of the Prospectus and the relevant Supplement and key investor information document (KIID) for the Causeway Defined Growth Fund.

A final investment decision should not be contemplated until the risks are fully considered. A copy of the English version of the Supplement, the Prospectus, and any other offering document and the KIID can be viewed on each Fund page on this website and at www.geminicapital.ie.

A summary of investor rights associated with an investment in the Fund is available in English www.geminicapital.ie.

​The information on this website is provided for general information and does not constitute or form part of any offer or invitation to buy or sell shares.

​The value of investments and income from them can go down and you may get back less than originally invested. There is no guarantee that the funds will achieve their objective.

​A decision may be taken at any time to terminate the arrangements for the marketing of the Fund in any jurisdiction in which it is currently being marketed. Shareholders in affected EEA Member State will be notified of any decision marketing arrangements in advance and will be provided the opportunity to redeem their shareholding in the Company free of any charges or deductions for at least 30 working days from the date of such notification.

​Gemini Capital Management (Ireland) Limited, trading as GemCap, is a limited liability company registered under the registered number 579677 under Irish law pursuant to the Companies Act 2014 which is regulated by the Central Bank of Ireland. Its principal office is at Ground Floor, 118 Rock Road, Booterstown, A94 V0Y, Co. Dublin and its registered office is at 1 WML, Windmill Lane, Dublin 2, D02 F206. GemCap acts as both management company and global distributor to GemCap Investment Funds (Ireland) plc.

GemCap UK Limited (FRN 924419) is an appointed representative of Connexion Capital LLP (FRN 480006), which is authorised and regulated by the Financial Conduct Authority and provides distribution oversight services to GemCap acting as global distributor and is responsible for the oversight of all distribution arrangements for the sub-funds.

 

Sustainable Investing

The management of Sustainability Risk forms a part of the due diligence process implemented by the Investment Manager. The Causeway Defined Growth Fund invests primarily in government bonds, investment grade corporate bonds, equities and equity related securities. The exposure to equities and equity related securities is indirect through financial derivative instruments (exchange traded or over the counter) as outlined in the Investment Policy. Below are outlined the considerations across the different asset classes the Fund invests in.

Equities and corporate bonds

A qualitative approach to sustainability is applied when selecting equities and corporate bonds. This involves assessing companies the firm might invest in on six criteria to ascertain how sustainable the company is. The six criteria are armaments, alcohol, tobacco, pornography, gambling and fossil fuels. As the Fund that does not have a specific sustainability criteria, a low sustainability score does not necessarily preclude an investment in a company being made. With regard to voting, Causeway Securities actively votes on all matters brought before shareholders and votes with all stakeholders in mind.

Government bonds

The Fund includes a high proportion of G7 government debt which tend to act as collateral pools for its derivative transactions. A limited amount of sustainability research is conducted on government bond holdings. In future, as “green” government debt becomes available, the Fund will seek to include such debt within the Fund.

Derivatives

Most derivatives within the Funds tend to be traded directly with large, global banks, so sustainability considerations are taken into account with regard to the underlying of any derivative held but also the nature of the banks on the other side of the Fund’s derivative transactions.

As the Fund that does not have a specific sustainability criteria a low sustainability score for a particular company does not necessarily preclude a derivative investment in a company being made. The sustainability policies of the banks the Fund trades with are monitored and are increasingly friendly from a sustainability standpoint. As sustainable investing develops it is likely that derivatives on sustainably based underlyings will appear and become liquid.

Causeway Securities is well positioned to take advantage of this given its position in the derivatives market but will not sacrifice liquidity for higher sustainability scores. The Investment Manager has determined that the Sustainability Risk (being the risk that the value of the Fund could be materially negatively impacted by an ESG Event) faced by the Fund is negligible.

Principal Adverse Impacts

The Investment Manager does not currently consider the principal adverse impacts of investment decisions on sustainability factors within the meaning of the SFDR. The relevant information required to appropriately assess the principal adverse impacts of investment decisions on sustainability factors is not yet available in a consistent and accessible fashion. However, to provide as much transparency as possible, the Investment Manager may voluntarily report on a subset of the principal adverse impacts.

It is the intent of the Investment Manager to consider, and report on, the principal adverse impacts of investment decisions on sustainability factors within the meaning of the SFDR once the requisite information is available at a level of detail to make reporting achievable and useful.