THE SMITH & WILLIAMSON KEY INVESTOR INFORMATION DOCUMENTS WEBSITE IS INTENDED FOR PROFESSIONAL ADVISERS ONLY. IT IS NOT INTENDED FOR USE BY MEMBERS OF THE GENERAL PUBLIC.
THE INFORMATION ON THIS WEBSITE IS ISSUED AND APPROVED BY SMITH & WILLIAMSON INVESTMENT MANAGEMENT LLP (SWIM) AND NCL INVESTMENTS LIMITED, AND DOES NOT, IN ANY WAY, CONSTITUTE INVESTMENT ADVICE. BOTH ENTITIES ARE AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
Important regulatory information & risk warnings
Capital at risk. The value of investments and the income from them may go down as well as up and you may not get back the amount you originally invested.
You must read this before proceeding, as it explains both the legal and regulatory restrictions which apply to the information contained and investment products referred to within this section of the Website.
The performance information contained on the site contains information which accords with UK performance standards. Past performance is not a guide to future performance. Investors should note that changes in rates of exchange may have an adverse effect on the value, price or income of investments. There are additional risks associated with investing in emerging or developing markets. Investments in higher yielding bonds issued by borrowers with lower credit ratings may result in greater risk of default and have a negative impact on income and capital value. Tax rates and reliefs may change and the value of tax reliefs depends on individual circumstances. Local laws may have an impact on your investments.
The information on this site is published for private reference purposes only and is neither an offer to enter into a contract or agreement nor a solicitation to buy or sell any investment or service. The site is designed for UK residents and is not aimed at persons who are residents of any country, including the USA and South Africa or of countries in which the dissemination of information on funds/services on the Internet is forbidden. This Website is directed only at professional advisers authorised and regulated within the United Kingdom by the Financial Conduct Authority and the information provided is not for distribution outside the United Kingdom. None of the information, whether in part or full, should be copied, reproduced or redistributed in any form.
Smith & Williamson is not responsible for the accuracy of the information contained within the sites of other providers which have links to any pages of this site. Smith & Williamson does not endorse any information contained on other providers' sites. The contents of this site are based upon sources of information believed to be reliable. However, (1) no guarantee, warranty or representation, express or implied, is given as to the accuracy or completeness of such information ; and (2) no Smith & Williamson company nor any of its officers, directors or employees accepts any liability or responsibility in respect of the information expressed herein which, moreover, is subject to change without notice.
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I CONFIRM THAT I AM A PROFESSIONAL ADVISER AND REGULATED WITHIN THE UNITED KINGDOM BY THE FINANCIAL CONDUCT AUTHORITY.
I HAVE READ THE IMPORTANT INFORMATION AND WISH TO PROCEED.
Smith & Williamson Investment Funds Plc C/o BNP Paribas Fund Administration Services (Ireland) Limited 2 Grand Canal Plaza Upper Grand Canal St Dublin 2 Ireland Email: email@example.com Tel: 00 353 1 612 6476 Fax: 00 353 1 512 5362
Before investing, you should read the appropriate prospectus available within this website.
Anti-Dilution Levy Policy
To protect existing investors in a fund, an anti-dilution levy may be charged in certain circumstances at the discretion of the Authorised Corporate Director (for UK domiciled funds) or the Directors of Smith & Williamson Investment Funds PLC (for the Irish funds), in respect of any purchase, redemption or switching of shares or units (except for the switching of share classes within a fund). This levy is paid to the fund, not the investment manager. The ACD/Directors may review the trigger points if funds are significantly growing or shrinking.
These usual trigger points for the levy, based on the net daily position of sales/redemptions, are listed in three bands below:
Trigger point (% of NAV)
Global Gold and Resources Fund
MM Defensive Growth Fund
MM Endurance Balanced Fund
MM Global Investment Fund
Market and currency movements may cause the capital value of the shares, and income from them, to fall as well as rise and you may get back less than you invested when you decide to sell your shares.
Capital at risk. The value of investments and the income from them may go down as well as up and investors may not get back the original amount invested. Past performance is not a guide to future performance. Further information is available in the Key Investor Information Document (KIID), the risk section of the Fund’s prospectus and the Fund Factsheet. Please read the KIID before making any investment decision.