You should note that investment in any of our funds should be made on the basis of reading all the relevant Fund Documentation i.e. Fund Prospectus or Scheme Particulars and any other appropriate documentation (Simplified Prospectus and Terms & Conditions where applicable).

    Copies of all relevant Fund Documentation can be downloaded from this web site or obtained by contacting the Investor Support Desk on 0800 317 749. Telephone calls may be monitored and/or recorded for the purpose of security, internal training, accurate account operation, internal customer monitoring and to improve the quality of service.

    General

    • Investment into Unit Trust Funds should be regarded as a long term investment and investors should not invest money that they may require in the short term.

    • The capital value of units in the Fund can fluctuate and the price of units can go down as well as up and is not guaranteed.  On encashment, particularly in the short term, investors may receive less than the original amount invested.Investors should be able to afford any potential loss.

    • There is no guarantee that the objectives of the Fund in which you are invested will be achieved.

    • Past performance is not a guide to future growth or rates of return.

    • These are stockmarket investments.  As such the value of your investment and any income from it can fall as well as rise as the value of the underlying securities fluctuate and is therefore not guaranteed.

    • You should remember that when you sell your investment you may get back less than you invested.

    • Unlike a bank or building society account where capital is guaranteed, the value of an investment can fall as well rise and investors may not get back the amount invested, particularly in the case of early withdrawal.

    Exchange Rates/Overseas Investments/Emerging Markets

    The value of your investment may be affected by currency fluctuations if the fund has the ability to invest overseas.

    Changes in rates of exchange may have an adverse effect on the value, price or income of investments.

    Currency hedging may be used to manage currency risk.

    You should be aware of the additional risks associated with investments in emerging or developing markets.

    The Ignis HEXAM Global Emerging Markets and Ignis HEXAM Emerging Europe funds invests in emerging markets where companies may be less regulated than in developed markets. This can increase the risk attached to those investments.

    You should be aware that certain types of funds might carry greater investment risk than other investment funds. These include our Ignis Smaller Companies, Ignis Pacific Growth and Ignis Japan funds.

    Investors should be aware of local laws governing investments and should read all the relevant documents including Reports and Accounts, Simplified Prospectus, Full Prospectus and Scheme Particulars as appropriate.

    The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets, which may result in problems in realising investments. 

    Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Manager may experience more difficulty in purchasing or selling holdings of securities than it would in a more developed market.

    Charging of Expenses

    The Manager's annual management charge in respect of each of the Funds other than the Ignis High Income Bond Fund, the Ignis Corporate Bond Fund and the Ignis Higher Yield Fund will as far as possible be deducted from the income of such Funds.  If there is insufficient income, the balance of the charges will be taken from capital.  Deducting this charge, as well as the other charges and expenses incurred by these Funds, from capital may result in capital erosion or constrain capital growth of these Funds.

    The Manager's annual management charge in respect of the Ignis High Income Bond Fund, the Ignis Corporate Bond Fund and the Ignis Higher Yield Fund will be deducted from the capital of such Funds.  Deducting this charge as well as the other charges and expenses incurred by these Funds from capital may result in capital erosion or constrain capital growth of these Funds.

    Tax

    Any change in a Fund’s tax status or in taxation legislation could affect the value of the investments held by the Fund and could affect the return to investors.

    As is the case with any investment, there can be no guarantee that the tax position or proposed tax position prevailing at the time an investment is made in the Fund will endure indefinitely.

    Tax-free means tax free in the hands of the investor.

    Tax concessions are not guaranteed and their value will depend on individual circumstances.

    Tax treatment of ISAs may be subject to change.

    Derivatives

    The Funds have the ability to invest in derivatives for generating greater investment returns within the boundaries of EPM. These derivative transactions may be either exchange traded or over-the-counter (OTC). The use of OTC positions can potentially introduce additional risk to the portfolio. There are robust controls in place to manage these risks. Please note that there is a risk that in a rising market, potential gains may be restricted.

    Bond Funds

    Fixed income securities are subject to the risk of an issuer's ability to meet principal and interest payments on the obligation (credit risk), and may also be subject to price volatility due to such factors as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity (market risk). The fixed income securities in which the Fund may invest are interest rate sensitive. An increase in interest rates will generally reduce the value of fixed-income securities, while a decline in interest rates will generally increase the value of fixed-income securities. The performance of the Fund will therefore depend in part on the ability to anticipate and respond to such fluctuations on market interest rates, and to utilise appropriate strategies to maximise returns, while attempting to minimise the associated risks to investment capital.

    Distribution Yield is the amount expected to be distributed over the next 12 months, as a percentage of the mid market unit price, as at the date shown. Underlying Yield shows the annualised income (net of expenses) as a percentage of the mid market unit price, as at the date shown.

    The Underlying Yield reflects the annualised income net of expenses of the fund as a percentage of the mid market unit price of the fund as at the date shown. It is based on a snap shot of the portfolio on that day. Investors may be subject to tax.

    The High Income Bond Fund invests primarily in sub-investment grade bonds.  Whilst these are generally higher yielding bonds which tend to boost yield, there is an increased risk of default on repayment which may affect the capital value of the Fund.

    Investors should be aware that investments in higher yielding bonds issued by borrowers with lower credit ratings may result in a greater risk of default and have a negative impact on income and capital value.

    Income payments may constitute a return of capital in whole or in part. Income may be achieved by foregoing future capital growth.

    Smaller Companies

    The  Ignis Smaller Companies Fund and the Ignis European Smaller Companies Fund invest in smaller companies.  Investment in the securities of smaller companies can involve greater risk than is generally associated with investment in larger, more established companies which can result in significant capital losses which may have a detrimental effect on the value of the Fund.  In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals.  In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies and therefore, the Manager may experience difficulty, from time to time, in purchasing or selling holdings of such securities.  Also smaller companies may not do as well in periods of adverse economic conditions.

    Property

    Property investments are relatively illiquid compared to bonds and equities and can take a significant length of time to trade. This is reflected in the redemption terms. The value of units and the income from them can go down as well as up and is not guaranteed. You may not get back the full amount invested.

    Due to the higher costs associated with buying and selling property compared to  bonds or shares, there may be a larger difference between the price you buy and sell units at.

    Property valuations are determined by independent property experts and are based on opinion rather than fact.

    The yield figure is calculated using the full offer price, net of charges and net of tax.  Yields may vary.

    Argonaut Capital Partners LLP, Cartesian Capital Partners LLP & HEXAM Capital Partners

    A typical collective investment vehicle has approximately between 80 and 100 stocks in its portfolio. Argonaut Capital Partners LLP & Cartesian Capital Partners LLP have a more concentrated portfolio of approximately 30 to 60 stocks which means they carry more risk than funds spread across a large number of stocks. Similarly, HEXAM Capital Partners operate concentrated portfolios og between 30 to 80 stocks but typically around 40 stocks.

    Dublin Funds

    Where funds are invested in emerging markets the risk inherent in the fund is higher.

    Many of the Fund’s investments will be denominated in currencies other than the currency of the Share class purchased by the investor and, therefore, the Net Asset Value of the Fund may be affected by currency movements.

    Multi-Manager Funds

    For the Ignis Multi-Manager Cautious Fund we collect the management charges from the Fund's capital account.  This reduces capital growth prospects after any income is withdrawn and may erode capital.  For the Ignis Multi-Manager Balanced and Growth Funds we collect the management charges from the Income generated by the Funds.

    As the Ignis Multi-Manager Cautious, Growth and Balanced Funds invest primarily in Invested Funds, the risk level of each Fund depends on the risk profiles of the Invested Funds, which in turn are based on their own underlying investments.

    Invested Funds are funds managed by third party managers and the Investment Adviser will put in place suitable contractual arrangements with these managers.  The Investment Adviser does not accept responsibility for the acts and omissions of third party managers in connection with the operation of the Invested Funds which may cause the investments to fall in value.