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Sales Prospectus September 2008 Edition

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Sales Prospectus September 2008 Edition Sales Prospectus September 2008 Edition SUNARES This translation is for courtesy purposes only. We make no claim as to the accuracy or validity of this text. The actual German original Selling Prospectus shall prevail. Summary SUNARES (Investment company in the form of an “umbrella” fund in accordance with part I of the Luxembourg law dated 20th December 2002) Name of the subfund: SUNARES – Sustainable Natural Resources Currency of the subfund: SUNARES – Sustainable Natural Resources: EUR Security code no.: SUNARES – Sustainable Natural Resources: A0ND6Y ISIN: SUNARES – Sustainable Natural Resources: LU0344810915 Issue period: (subscription period) SUNARES – Sustainable Natural Resources: 14.02.2008 – 03.03.2008 Subscription price is the issuing price plus a sales commission of max. 5 %. Value date (Note 1): SUNARES – Sustainable Natural Resources: 04.03.2008 Date of the first net total valuation: 04.03.2008 Transaction fees: max. 0.20 % of the actual amount in the case of shares max. 0.10 % of the face value or the possible higher list price in the case of fixed or variable interest securities max. 0.05 % in the case of unit trusts Issuing price: SUNARES – Sustainable Natural Resources: EUR 100.00 Sales commission: SUNARES – Sustainable Natural Resources: max. 5 % (Note 1) In the case of subscription applications which are received during the issuing period, the issue price at the next fixed value date must be paid. 2 Summary SUNARES (Investment company in the form of an “umbrella” fund in accordance with part I of the Luxembourg law dated 20th December 2002) Depositary bank fee: SUNARES – Sustainable Natural Resources: max. 0.10% p.a. Appropriation of earnings: SUNARES – Sustainable Natural Resources: distributions Administration fee: SUNARES – Sustainable Natural Resources: max. 1.85% p.a. Focus of investments: SUNARES – Sustainable Natural Resources: Investment in shares of companies which deal primarily with the elements of earth and water. Among the core sectors are water management, agriculture and forestry, beverages & food, energy, alternative energy, raw materials and precious metals. End of the financial year: SUNARES – Sustainable Natural Resources: 31st January First audited annual report st SUNARES – Sustainable Natural Resources: 31 January 2009 (Note 1) In the case of subscription applications which are received during the issuing period, the issue price at the next fixed value date must be paid. 3 Kurzinformationen WALSER FUND (Investmentgesellschaft in der Form eines „Umbrella“-Fonds gemäß Teil I des Luxemburger Gesetzes vom 20. Dezember 2002) (Anm. 3) Performance of the subfund: An overview is attached to the simplified sales prospectus. Further detailed information on the relevant subfunds is given in the Special Section of the sales prospectus. SUNARES (Société d´Investissement à Capital Variable) SUNARES is an investment company (hereinafter called “Company” or “Fund”) with variable capital, which was established on 14.02.2008 in accordance with Luxembourg law based on Section I of the law dated 20th December 2002 on undertakings for collective investments (loi du 20 décembre 2002 relative aux organismes de placement collectif, partie I.) and fulfils the requirements of Council Directive 85/611/EC on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities. The provisions of the law on trading companies dated 10th August 1915 apply as a “Société d´Investissement à Capital variable” (“SICAV”). The capital of the individual subfunds is mainly invested in shares, interest-bearing securities (fixed and variable interest-bearing bonds incl. zero coupon bonds), convertible loan stocks, certificates of beneficial interest and participating certificates, certificates and any other assets permitted by law. No investment of the fund capital is made in derivatives of any kind. SUNARES – Sustainable Natural Resources: The aspiration is to attain shares in companies relating to the elements of earth and water (Yin principle). Core sectors are water management, agriculture and forestry, beverages & food, energy, alternative energy, raw materials and precious metals. The purchase of shares in the company takes place on the basis of this prospectus supplemented by the respective latest audited annual report to the previous 31st January and additionally through the respective unaudited half-yearly report to the previous 31st July, if this is more recent than the latest annual report. 4 Kurzinformationen WALSER FUND (Investmentgesellschaft in der Form eines „Umbrella“-Fonds gemäß Teil I des Luxemburger Gesetzes vom 20. Dezember 2002) (Anm. 3) Contents Page GENERAL SECTION 7 The company 8 The depositary bank Administrative company, fund management and investment consultancy 9 Investment policy and investment limits 10 Risk management procedure 18 Taxation of the fund capital 19 Issue of shares 19 Restrictions on the issue of shares 19 Company shares 20 Calculation of the net asset value 20 Redemption and exchange of shares 21 Market Timing 22 Allocation of the issue, redemption and exchange of shares and the calculation of the net asset value Expenses and costs of the subfund 23 Accounting year and auditing 25 Appropriation of earnings 25 Amendments Publications and general information Continuity and liquidation of the company and continuity, 26 liquidation and merging of the subfund Limitations 27 Applicable law, place of jurisdiction and contractual language general meetings SPECIAL SECTION 28 „Zusätzliche Informationen für Anleger in der Bundesrepublik Deutschland“ 30 „Zusätzliche Informationen für Anleger in Österreich“ 31 „Zusätzliche Informationen für Anleger in Großbritannien“ 32 (Additional Information for Investors in the UK) 5 Kurzinformationen WALSER FUND (Investmentgesellschaft in der Form eines „Umbrella“-Fonds gemäß Teil I des Luxemburger Gesetzes vom 20. Dezember 2002) (Anm. 3) No information other than that contained in this prospectus or the documents mentioned in the prospectus and available to the public may be issued. Every purchase of shares on the basis of information or declarations not contained in this prospectus is done exclusively at the risk of the buyer. The sales prospectus has been divided into two sections. In the “General Section” there are details and descriptions relating to all of the subfunds and/or the company as a whole, whereas the “Special Section” describes specific features of the relevant subfund. The “Special Section” is an integral part of the sales prospectus. 6 Kurzinformationen WALSER FUND (Investmentgesellschaft in der Form eines „Umbrella“-Fonds gemäß Teil I des Luxemburger Gesetzes vom 20. Dezember 2002) (Anm. 3) GENERAL SECTION OF THE SALES PROSPECTUS regarding the company SUNARES SUNARES 1-7, rue Nina et Julien Lefèvre, L-1952 Luxembourg, Grand Duchy of Luxembourg Administrative Board: Düsseldorf (International) SA 1-7, rue Nina et Julien Lefèvre Managing Member of the Hans-Joachim Rosteck L-1952 Luxembourg Administrateur-Délégué Administrative Board: HSBC Trinkaus & Burkhardt In Germany: Udo Sutterlüty (International) SA, Managing Director Luxembourg HSBC Trinkaus & Burkhardt Sutterlüty Investment Management Königsallee 21-23 GmbH Executive Board of the D-40212 Düsseldorf Austria Management Company and its branches in Germany Members of the Administrative Jürgen Berg In Great Britain: Board: Administrateur-Délégué Global Funds Registration HSBC Trinkaus Investment 7 Chertsey Road Colin Moor Managers SA, Woking Managing Director Luxembourg Rometsch & Moor Ltd, London Surrey Silke Büdinger GU21 5AB Silke Büdinger HSBC Trinkaus Investment Großbritannien Managing Director HSBC Trinkaus Managers SA, Investment Managers SA Luxembourg In Austria: Luxembourg Raiffeisenbank Kleinwalsertal Depositary Bank, Office of AG Registration and Transfer: Walserstraße 61 Management Company: A-6991 Riezlern HSBC Trinkaus & Burkhardt HSBC Trinkaus Investment (International) SA Managers SA 1-7, rue Nina et Julien Lefèvre In Liechtenstein: 1-7, rue Nina et Julien Lefèvre L-1952 Luxembourg Raiffeisen Bank (Liechtenstein) L-1952 Luxembourg AG Investment consultants: Austrasse 51 Administrative Board of the Rometsch & Moor Ltd. FL-9490 Vaduz Management Company: Lloyd’s Building One Lime Street Auditors: Carola Gräfin von Schmettow London Chair HSBC Trinkaus & Burkhardt AG, EC3M 7HA KPMG Audit S.à r.l. Düsseldorf Great Britain Réviseurs d’Entreprises 31, allée Scheffer Jürgen Berg Sutterlüty Investment L-2520 Luxembourg Administrateur-Délégué Management GmbH HSBC Trinkaus Investment Hub 734 Legal advisors for the company: Managers SA, 6863 Egg (Vorarlberg) Arendt & Medernach Luxembourg Austria 14, rue Erasme L-1468 Luxembourg Paul Hagen Paying agents: HSBC Trinkaus & Burkhardt AG, In Luxembourg: Düsseldorf Dr. Olaf Huth HSBC Trinkaus & Burkhardt AG, HSBC Trinkaus & Burkhardt 7 Kurzinformationen WALSER FUND (Investmentgesellschaft in der Form eines „Umbrella“-Fonds gemäß Teil I des Luxemburger Gesetzes vom 20. Dezember 2002) (Anm. 3) 1. The Company SUNARES is an investment company (hereinafter called “company” or “fund”) with variable capital, which was established on 14.02.2008 in accordance with Luxembourg law based on Section I of the law dated 20th December 2002 on the undertakings for collective investments (loi du 20 décembre 2002 relative aux organismes de placement collectif, partie I.) and fulfils the requirements of the Council Directive 85/611/EC on undertakings for collective investment in
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