Prospectus Important
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PROSPECTUS IMPORTANT: IF YOU ARE IN ANY DOUBT AS TO THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR STOCKBROKER, BANK MANAGER, SOLICITOR ACCOUNTANT OR OTHER FINANCIAL ADVISER. The Directors, whose names appear on page vii, accept responsibility for the information contained in this Prospectus. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility accordingly. MARSHALL WACE UCITS FUNDS PLC An investment company with variable capital structured as an umbrella fund with segregated liability between sub-funds and incorporated pursuant to the Companies Act 2014 with limited liability in Ireland under registered number 465375 and authorised by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011. GENERALI INVESTMENTS LUXEMBOURG S.A. (MANAGER) LUMYNA INVESTMENTS LIMITED (PRINCIPAL INVESTMENT MANAGER AND DISTRIBUTOR) MARSHALL WACE LLP (INVESTMENT MANAGER) 1 July 2020 DOC ID - 3191258.20 IMPORTANT INFORMATION Marshall Wace UCITS Funds PLC (the "Company") is both authorised and supervised by the Central Bank of Ireland, New Wapping Street, North Wall Quay, Dublin 1, D01 F7X3 (tel. +353 1 224 6000). The authorisation of the Company by the Central Bank shall not constitute a warranty as to the performance of the Company and the Central Bank shall not be liable for the performance or default of the Company. The authorisation of the Company is not an endorsement or guarantee of the Company by the Central Bank and the Central Bank is not responsible for the contents of this Prospectus. No person has been authorised by the Company to give any information or make any representations in connection with the offering of Shares other than those contained in this Prospectus, and, if given or made, such information or representations must not be relied on as having been made by the Company. The distribution of this Prospectus and the offering of Shares in certain jurisdictions may be restricted. Persons into whose possession this Prospectus comes are required by the Company to inform themselves about and to observe any such restrictions. This Prospectus does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. This Prospectus may only be issued with one or more Supplements, each containing information relating to a separate Fund. The creation of new Funds requires the prior approval of the Central Bank. If there are different classes of Shares representing a Fund, details relating to the separate classes may be disclosed in the same Supplement or in a separate Supplement for each class. The creation of further classes of Shares will be effected in accordance with the requirements of the Central Bank. This Prospectus and the relevant Supplement should be read and construed as one document. To the extent that there is any inconsistency between this Prospectus and the relevant Supplement, the relevant Supplement shall prevail. Applications for Shares will only be considered on the basis of this Prospectus (and any relevant Supplement). The latest audited annual report and accounts and the latest unaudited semi-annual report may be obtained from the offices of the Administrator. The delivery of this Prospectus (whether or not accompanied by any reports) or the issue of Shares shall not, under any circumstances, create any implication that the affairs of the Company have not changed since the date hereof. Potential investors should not treat the contents of this Prospectus as advice relating to legal, taxation, investment or any other matters and are recommended to consult their own professional advisers concerning the acquisition, holding or disposal of Shares. The provisions of the Articles are binding on each of the Shareholders (who are taken to have notice of them). This Prospectus is based on information, law and practice currently in force in Ireland (which may be subject to change) at the date hereof. The Company cannot be bound by an out of date Prospectus when it has issued a new Prospectus, and investors should DOC ID - 3191258.20 ii check with the Principal Investment Manager that this is the most recently published Prospectus. The value of investments and the income derived therefrom may fall as well as rise and investors may not recoup the original amount invested in a Fund. All or part of the fees and expenses may be charged to the capital of the Company. This will have the effect of lowering the capital value of your investment. As the Funds of the Company may be subject to subscription and exchanging charges, the difference at any one time between the sale and repurchase price of Shares in any Fund means that an investment in any Fund should be viewed as a medium to long-term investment. In particular, investors in any Fund with an emerging markets exposure should note that as certain of the Funds may invest up to 10% of their assets in warrants and more than 20% of their net assets in emerging markets, it is recommended that investment in such Funds should not constitute a substantial proportion of an investor's portfolio and may not be appropriate for all investors. As further set out in the "Data Protection" section below, prospective applicants should note that their personal data may be disclosed (i) to the Administrator, the Manager, the Principal Investment Manager, the Investment Manager, the Depositary and any member of their groups and to other parties that are involved in the process of the business relationship (for example, external processing centres and dispatch or payment agents), including companies based in countries where data protection laws might not exist or be of a lower standard than in the EU or (ii) when required by law or regulation. By signing a Subscription Document for Shares, an applicant consents to such disclosure. Restrictions on Distribution and Sale of Shares The distribution of this Prospectus and the offering of Shares may be restricted in certain jurisdictions. This Prospectus does not constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is not authorised or the person receiving the offer or solicitation may not lawfully do so. It is the responsibility of any person in possession of this Prospectus and of any person wishing to apply for Shares to inform himself of and to observe all applicable laws and regulations of the countries of his nationality, residence, ordinary residence or domicile. The Directors may restrict the ownership of Shares by any person, firm or corporation where such ownership would be in breach of any regulatory or legal requirement or may affect the tax status of the Company. Any person who is holding Shares in contravention of the restrictions set out herein or, by virtue of his holding, is in breach of the laws and regulations of any competent jurisdiction or whose holding could, in the opinion of the Directors, cause the Company, the Manager, the Principal Investment Manager, the Investment Manager, any Fund or any Shareholder to incur any liability to taxation or to suffer any pecuniary disadvantage which any or all of them might not otherwise have incurred or sustained or would result in the Company being required to register under any applicable US securities laws or otherwise in circumstances which the Directors believe might be prejudicial to the interests of the Shareholders, shall indemnify the Company, the Manager, the Principal Investment Manager, the Investment Manager, the Distributor, DOC ID - 3191258.20 iii the Depositary, the Administrator and Shareholders for any loss suffered by it or them as a result of such person or persons acquiring or holding Shares in the Company. The Directors have the power under the Articles to compulsorily redeem and/or cancel any Shares held or beneficially owned in contravention of the restrictions imposed by them as described herein. United States of America There will be no public offering of Shares in the United States from the date of this Prospectus. The Shares will not be made available to US Persons and no US Person may hold or otherwise own any Shares. The Shares have not been and will not be registered under the 1933 Act or the securities laws of any of the states of the United States, nor is such registration contemplated. The Shares may not be offered, sold, pledged or otherwise transferred directly or indirectly in the United States or to or for the account or benefit of any US Person. The Shares offered hereby are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Articles. The Company has not been and will not be registered under the 1940 Act pursuant to the provisions of Section 3(c)(7) of the 1940 Act. While the Company or the Funds may trade commodity interests, the Principal Investment Manager qualifies for the exemption under US Commodity Futures Trading Commission ("CFTC") Rule 3.10(c)(3) with respect to each Fund and accordingly is not required to register with the CFTC as a CPO, furnish periodic pool reports to Shareholders under CFTC rules or provide a CFTC disclosure document to prospective