VISA 2021/162875-2906-0-PC L'apposition du visa ne peut en aucun cas servir d'argument de publicité Luxembourg, le 2021-03-03 Commission de Surveillance du Secteur Financier Winning Funds PROSPECTUS EN Prospectus date 10 March 2021 Table of contents Table of contents ..................................................................................................................................................... 2 Note ......................................................................................................................................................................... 3 Glossary ................................................................................................................................................................... 4 PART I: ESSENTIAL INFORMATION REGARDING THE COMPANY ............................................................................... 7 I. BRIEF OVERVIEW OF THE COMPANY ............................................................................................................... 7 II. INFORMATION ON INVESTMENTS ................................................................................................................... 8 III. SUBSCRIPTIONS, REDEMPTIONS AND CONVERSIONS ........................................................................................... 8 IV. FEES, EXPENSES AND TAXATION ................................................................................................................... 10 V. RISK FACTORS .......................................................................................................................................... 12 VI. INFORMATION AND DOCUMENTS AVAILABLE TO THE PUBLIC .............................................................................. 12 PART II: SUB-FUND FACTSHEETS ............................................................................................................................... 14 WINNING FUNDS FULL EQUITY ....................................................................................................................................... 16 WINNING FUNDS MEDIUM EQUITY ................................................................................................................................. 18 PART III: ADDITIONAL INFORMATION ...................................................................................................................... 20 I. THE COMPANY ........................................................................................................................................ 20 II. RISK AND LIQUIDITY MANAGEMENT ............................................................................................................. 20 III. RISKS LINKED TO THE INVESTMENT UNIVERSE: DETAILED DESCRIPTION ................................................................. 21 IV. INVESTMENT RESTRICTIONS ........................................................................................................................ 24 V. TECHNIQUES AND INSTRUMENTS ................................................................................................................. 26 VI. MANAGEMENT OF THE COMPANY ............................................................................................................... 28 VII. DELEGATION OF PORTFOLIO MANAGEMENT, ADMINISTRATION AND MARKETING TASKS .......................................... 30 VIII. DEPOSITARY ............................................................................................................................................ 30 IX. DISTRIBUTORS ......................................................................................................................................... 31 X. AUDITORS ............................................................................................................................................... 31 XI. SHARES .................................................................................................................................................. 31 XII. NET ASSET VALUE ..................................................................................................................................... 32 XIII. TEMPORARY SUSPENSION OF THE CALCULATION OF THE NET ASSET VALUE AND RESULTING SUSPENSION OF DEALING ... 34 XIV. PERIODIC REPORTS ................................................................................................................................... 35 XV. GENERAL MEETINGS .................................................................................................................................. 35 XVI. DIVIDENDS .............................................................................................................................................. 35 XVII. LIQUIDATIONS, MERGERS AND CONTRIBUTIONS OF SUB-FUNDS OR SHARE-CLASSES .............................................. 36 XVIII. DISSOLUTION OF THE COMPANY .................................................................................................................. 36 XIX. PREVENTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM .......................................................... 37 XX. NOMINEES .............................................................................................................................................. 37 XXI. STOCK EXCHANGE LISTING ......................................................................................................................... 37 Appendix I: Assets subject to TRS and SFT - Table .................................................................................................... 38 Appendix II: Overview of Indices of the Company’s Sub-Funds - Table ..................................................................... 39 Winning Funds – Prospectus 10 March 2021 Page 2 of 40 Note Subscriptions to the Company’s Shares are only valid if they are prospectus has been correctly and accurately represented and made in accordance with the provisions of the most recent that no information has been omitted which, if it had been prospectus accompanied by the most recent annual report included, would have altered the significance of this document. available and, in addition, by the most recent semi-annual report The value of the Company’s Shares is subject to fluctuations in a if this was published after the most recent annual report. No large number of elements. Any return estimates or indications of parties are authorised to provide information other than that past performance are provided for information purposes only and which appears in this prospectus or in the documents referred to in no way constitute a guarantee of future performance. therein as being available to the public for consultation. Accordingly, the Company’s Board of Directors therefore warns that, under normal conditions and taking into consideration the This prospectus details the general framework applicable to all fluctuation in the prices of the securities held in the portfolio, the the Sub-Funds and should be read in conjunction with the redemption price of Shares may be higher or lower than the factsheets for each Sub-Fund. These factsheets are inserted each subscription price. time a new Sub-Fund is created and form an integral part of the prospectus. Potential investors are requested to refer to these The official language of this prospectus is English. It may be factsheets prior to making any investment. translated into other languages. In the event of a discrepancy between the English version of the prospectus and versions The prospectus shall be regularly updated to include any written in other languages, the English version will take significant modifications. Investors are advised to confirm with precedence, except in the event (and in this event alone) that the the Company that they are in possession of the most recent law of a jurisdiction where the Shares are available to the public prospectus, which can be obtained from the webpage stipulates otherwise. In this case, the prospectus will nevertheless www.nnip.com. In addition, the Company will provide upon be interpreted according to Luxembourg law. Any settlement of request, free of charge, the most recent version of the prospectus disputes or disagreements with regard to investments in the to any shareholder or potential investor. Company shall also be subject to Luxembourg law. The Company is established in Luxembourg and has obtained the THIS PROSPECTUS IN NO WAY CONSTITUTES AN OFFER OR approval of the competent Luxembourg authority. This approval SOLICITATION TO THE PUBLIC IN JURISDICTIONS IN WHICH SUCH should not be interpreted as an approval by the competent AN OFFER OR SOLICITATION TO THE PUBLIC IS ILLEGAL. THIS Luxembourg authority of the contents of the prospectus or the PROSPECTUS IN NO WAY CONSTITUTES AN OFFER OR quality of the Shares of the Company or the quality of the SOLICITATION TO A PERSON TO WHOM IT WOULD BE ILLEGAL TO investments that it holds. The Company’s operations are subject MAKE SUCH AN OFFER OR SOLICITATION. to the prudential supervision of the competent Luxembourg authority. The Company has not been registered under the United States Investment Company Act of 1940, as amended (the “US Investment Company Act”). The Shares of the Company have not been registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any state of the United States of America and such Shares may be offered, sold or otherwise transferred