FUND FAQS

UCITS is the acronym for “Undertaking for Collective Investment in Transferable Securities”. UCITS is a regulatory framework of the European Commission that creates a harmonised regime throughout the EU for the management and sale of mutual funds. UCITS funds can be registered in the EU and sold to investors worldwide using unified regulatory and investor protection requirements. UCITS fund providers who meet the standards are exempt from national regulation in individual EU countries. Although UCITS were initially intended only to be marketed across the European Union, the UCITS brand is now recognised as the only truly globally distributed investment fund product. As a result, an increasing number of asset managers are establishing UCITS funds with a clearly defined global distribution strategy.

A growing number of countries in Asia and Latin America have accepted UCITS as providing a stable, high quality, well-regulated investment product with significant levels of investor protection.

The depository (or custodian) of the Fund’s assets is Northern Trust which is one of the largest and most established depositories in the world. Omba only has authority to transact on these assets as the investment manager but we have no authority to wire your money or assets out of the fund. Prescient Fund Services (Ireland) Limited, as administrator and manager, handle all subscriptions and redemptions independently of Omba. The Central Bank of Ireland is the regulator for the Fund.

The Distribution class of the fund, as the name implies, distributes all dividends paid by the ETFs to the investors (less any expenses). So, as the ETFs earn dividends and interest from the underlying equities and bonds, they in turn collect and distribute all of those to investors (after applicable withholding tax has been deducted). The Accumulation share class, however, accumulates (rolls up) the dividends paid from the ETFs into the fund and so the Net Asset Value (NAV) of the fund rises by this increase in cash. This cash is then re-invested into the underlying portfolio of ETFs within the fund.