VISA 2021/163362-10932-0-PC L'apposition du visa ne peut en aucun cas servir d'argument de publicité Luxembourg, le 2021-03-05 Commission de Surveillance du Secteur Financier Jyske SICAV Société d’investissement à capital variable (SICAV) an undertaking for collective investment in transferable securities (UCITS) in the form of an open-ended investment company with variable share capital subject to the Luxembourg law of 17 December 2010 relating to undertakings for collective investment, as amended Prospectus March 2021 I TABLE OF CONTENTS 1. INTRODUCTION ...................................................................................................... 1 2. DIRECTORY ............................................................................................................ 3 3. DEFINITIONS ........................................................................................................... 5 4. INVESTMENT STRATEGY AND RESTRICTIONS ................................................ 13 4.1 Authorised investments .......................................................................................... 13 4.2 Prohibited investments ........................................................................................... 15 4.3 Risk diversification limits ......................................................................................... 16 4.4 Control limits ........................................................................................................... 19 4.5 Financial derivative instruments .............................................................................. 20 4.6 Efficient portfolio management techniques ............................................................. 23 4.7 Collateral policy ...................................................................................................... 24 4.8 Global exposure limits ............................................................................................ 27 4.9 Leverage ................................................................................................................ 28 4.10 Breach of investment limits ..................................................................................... 29 5. GENERAL RISK FACTORS .................................................................................. 30 5.1 The risk of investing via a mutual fund can generally be associated to four elements: ............................................................................................................................... 30 5.2 Certain financial instruments and investment techniques ........................................ 37 5.3 Operational risk ...................................................................................................... 42 6. SUSTAINABILITY-RELATED DISCLOSURES ...................................................... 43 7. MANAGEMENT AND ADMINISTRATION ............................................................. 44 7.1 The Board of Directors ............................................................................................ 44 7.2 The Management Company ................................................................................... 44 7.3 The Investment Manager ........................................................................................ 45 7.4 The Global Distributor ............................................................................................. 46 7.5 The Depositary and Paying Agent .......................................................................... 46 7.6 The Administrator ................................................................................................... 48 7.7 The Auditor ............................................................................................................. 49 7.8 The Domiciliation Agent .......................................................................................... 49 7.9 Conflicts of interest ................................................................................................. 49 7.10 Best execution ........................................................................................................ 51 8. SHARES ................................................................................................................ 52 8.1 Shares, Sub-Funds and Share Classes .................................................................. 52 8.2 Dividend distribution policy ..................................................................................... 54 8.3 Eligible Investors .................................................................................................... 55 8.4 Subscription for Shares .......................................................................................... 55 8.5 Redemption of Shares ............................................................................................ 57 8.6 Conversion of Shares ............................................................................................. 59 8.7 Transfer of Shares .................................................................................................. 61 8.8 Special considerations ............................................................................................ 62 8.9 Late trading, market timing and other prohibited practices ...................................... 64 8.10 Prohibited Persons ................................................................................................. 64 8.11 Prevention of money laundering ............................................................................. 65 9. VALUATION AND NET ASSET VALUE CALCULATION ...................................... 67 9.1 Calculation of the Net Asset Value .......................................................................... 67 9.2 Valuation procedure ................................................................................................ 67 9.3 Publication of the Net Asset Value .......................................................................... 73 II 9.4 Temporary suspension of the Net Asset Value calculation ...................................... 73 10. FEES AND EXPENSES ......................................................................................... 76 10.1 Subscription Fee and Redemption Fee ................................................................... 76 10.2 Management Company Fee ................................................................................... 76 10.3 Management Fee ................................................................................................... 76 10.4 Fees of the Depositary and the Paying Agent ......................................................... 77 10.5 Fees of the Administrator ........................................................................................ 77 10.6 Directors’ fees and expenses .................................................................................. 77 10.7 Transaction costs.................................................................................................... 79 10.8 Extraordinary expenses .......................................................................................... 79 10.9 Formation expenses ............................................................................................... 79 11. GENERAL INFORMATION .................................................................................... 80 11.1 Reports and financial statements ............................................................................ 80 11.2 Meetings of shareholders........................................................................................ 80 11.3 Investors’ rights ...................................................................................................... 81 11.4 Changes to this Prospectus .................................................................................... 81 11.5 Documents available .............................................................................................. 82 11.6 Complaints ............................................................................................................. 82 11.7 Data protection ....................................................................................................... 82 11.8 Merger and reorganisation ...................................................................................... 85 11.9 Liquidation .............................................................................................................. 86 11.10 Remuneration Policy ............................................................................................... 87 12. TAXATION ............................................................................................................. 89 12.1 General ................................................................................................................... 89 12.2 Taxation of the Fund ............................................................................................... 89 12.3 Taxation of the Shareholders .................................................................................. 91 12.4 Exchange of information ......................................................................................... 93 12.5 DAC6 – Disclosure requirements for reportable cross-border tax arrangements ..... 96 SUPPLEMENT 1 – JYSKE SICAV DANISH BONDS .......................................................... 97 SUPPLEMENT 2 – JYSKE SICAV