A
Administrative Agent
BNP Paribas Securities Services, Luxembourg Branch.
Articles of Incorporation
The articles of incorporation of the Fund.
B
Benchmark Administrator
The entity specified next to the name of each benchmark in the relevant table contained in the prospectus, in its capacity as administrator, as defined in the Benchmarks Regulation.
Benchmarks Regulation
The Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds, as may be amended or supplemented from time to time.
Board of Directors
The board of directors of the Fund.
Business Day
A day on which banks in Luxembourg are open for business (24 and 31 December are not a Business Day).
C
Class
One class of Shares of no par value in a Sub-Fund.
Contract for difference (“CFD”)
A derivative contract in which one counterparty (the “seller”) pays the other (the “buyer”) the difference between the current value of an asset and its value at contract time (if the difference is negative, the buyer will pay the seller).
D
Dealing Day
With respect to any Sub-Fund, any Valuation Day other than days during a period of suspension of dealing in Shares in that Sub-Fund on which Shares may be issued or redeemed.
Directors
The members of the Board of Directors for the time being and any successors to such members as they may be appointed from time to time.
E
EEA
European Economic Area.
Eligible Market
A stock exchange or Regulated Market in one of the Eligible States.
Eligible State
Any Member State or any other state in Eastern and Western Europe, Asia, Africa, Australia, North America, South America and Oceania.
ESG
Environmental, Social and Governance.
F
Fund
KAIROS INTERNATIONAL SICAV, an open-ended investment company organised as a société anonyme under the laws of Luxembourg and which qualifies as a société d’investissement à capital variable.
G
Gross Asset
Value The Net Asset Value before deduction of the performance fee being calculated.
H
Hybrid Debt
A hybrid security is a single financial security that combines two or more different financial instruments, e.g. debt and equity.
I
Institutional Investor
An institutional investor within the meaning of article 174 of the Law of 2010.
L
Law of 2004
The law of 12 November 2004 on the fight against money laundering and terrorist financing.
Law of 2010
The Luxembourg Law dated 17 December 2010, on undertakings for collective investment, as amended.
M
Member State
A member state of the European Union.
Mémorial
The Mémorial, Recueil des Sociétés et Associations.
Money Market Instruments
Instruments normally dealt in on the money market which are liquid and have a value which can be accurately determined at any time.
N
Net Asset Value
In relation to any Class of Shares in a Sub-Fund, the value of the net assets of that Sub-Fund attributable to that Class and calculated in accordance with the provisions of the Prospectus.
O
OECD
Organisation for Economic Cooperation and Development.
P
Perpetual Bond
A perpetual bond is a bond with no maturity date; it pays periodical coupons and may be structured by the issuer to be callable after a set period of time.
R
Registrar and Transfer Agent
BNP Paribas Securities Services, Luxembourg Branch.
Regulated Market
A market within the meaning of Article 4(1)14. of directive 2004/39/EC and any other market which is regulated, operates regularly and is recognised and open to the public in an Eligible State.
Related UCIs
UCITS and UCIs eligible for investment under the Law of 2010 which are managed by the Management Company or other entities related to it by common management or control or by a significant direct or indirect investment.
S
Shares
Shares of KAIROS INTERNATIONAL SICAV.
Shareholders
Holders of shares of the Fund.
SICAV
Société d’Investissement à Capital Variable.
SFDR
Sustainable Finance Disclosure Regulation, i.e. the Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector and its future amendments and integrations.
Sub-Fund
A separate sub-fund of the Fund established and maintained in respect of one or more classes of shares to which the assets and liabilities and income and expenditure attributable or allocated to each such class or classes of shares will be applied or charged.
Sustainable Investment
A sustainable investment as defined in the SFDR, i.e. “an investment in an economic activity that contributes to an environmental objective, as measured, for example, by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, on the production of waste, and greenhouse gas emissions, or on its impact on biodiversity and the circular economy, or an investment in an economic activity that contributes to a social objective, in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities, provided that such investments do not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance”.
T
Total Return Swap
A derivative contract in which one counterparty transfers the total economic performance, including income from interest and fees, gains and losses from price movements, and credit losses, of a reference obligation to another counterparty.
Transferable Securities
Shares and other securities equivalent to shares, bonds and other debt instruments, any other negotiable securities which carry the right to acquire any such transferable securities by subscription or exchange, excluding the techniques and instruments referred to in article 42 of the Law of 2010.
U
UCI
An Undertaking for Collective Investment.
UCITS
An Undertaking for Collective Investment in Transferable Securities authorized pursuant to Council Directive 2009/65/EC, as amended.
V
Valuation Day
The day as of which the Net Asset Value is determined.