Shares may only be offered to, sold to or held by or for the benefit of any person who is permitted or qualified under the jurisdictions to which it is subject to purchase Shares lawfully offered in such jurisdiction.
Shares may not be offered to, sold to or held by or for the benefit of anyone in any jurisdiction: (a) in which authorization for such offer or solicitation is required but is not obtained; or (b) in which the person making such offer or solicitation is not qualified to do so; or (c) to any person to whom it is unlawful to make such offer or solicitation. In particular, the Shares may not be directly or indirectly offered or sold in the United States (as defined in the Fund's Prospectus) or to or for the benefit of a U.S. Person (as defined in the Fund's Prospectus). Restrictions also apply to residents of the United Kingdom, Cayman Islands, Hong Kong, Singapore, and Japan, further details of which are contained in the Fund Prospectus.
The Fund Prospectus also contains restrictions on the on the marketing, offer, sale, and distribution of the Shares to investors in the United Kingdom, Cayman Islands, Hong Kong, Singapore, and Japan.
Investor Representations: Each Applicant will be required, prior to the purchase of any Shares, to demonstrate to the satisfaction of the Company certain Investor Representations as described in the Prospectus of the Fund.
The Fund will invest in debt securities of varying maturities which may be investment grade or below investment grade or which may not be rated. Accordingly, investment in the Fund should not constitute a substantial portion of an investor’s investment portfolio and may not be appropriate for all investors. Consult the Prospectus of the Fund for more complete information.
Anti-Money Laundering Provisions
Measures provided for under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended) (the AML Act) which are aimed towards the prevention of money laundering, require identification and verification of the identity of each Applicant and its beneficial owners, as applicable, and on-going due diligence of the Applicant and the Applicant's account with the Company.
The Administrator reserves the right to request information and documentation to comply with its requirements under the AML Act or otherwise, including but not limited to information and documentation in relation to the verification of identity of an Applicant and its beneficial owners, as applicable, the source of funds and/or ongoing due diligence of an Applicant and its account with the Company.
Fair Value of Financial Assets and Financial Liabilities
All of the financial assets of the Fund are held at fair value. Realized gains and losses on financial assets are disclosed in the Income Statement of the Audited Financial Statement and the Un-Audited Interim Financial Statement provided in the Fund Literature section of this web site.
INVESTMENT RISK FACTORS
Among the principal risks of investing in the Fund which could adversely affect the Net Asset Value, yield and total return, are: market risk, credit risk, liquidity risk, currency risk, emerging market risk, taxation risk, legal and regulatory risk, valuation risk, investment manager risk, risk related to borrowing, leverage and no of segregation of liability, counterparty risk, OTC market risk, risk related to forward trading, interest rate swaps and futures, and risk related to investment in fixed income securities.
Investors should read and consider the section of the Fund Prospectus entitled Risk Factors before investing in the Company. See also Investment Risk Factors.
NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE
Pricing of Securities Held in Portfolio
All securities held by the Fund for which market quotations are readily available are valued at the closing price on the primary exchange quoted for the securities (but if bid and asked quotation are available, at the last current bid price, rather than the quoted closing price). Debt securities are valued by independent pricing services approved by the Custodian of the Fund, that is, the Northern Trust Fiduciary Services (Ireland) Limited.
If the pricing services are unable to provide valuations, the securities are valued at the most recent bid quotation or evaluated prices as applicable, obtained from a broker-dealer. Such service may use various pricing techniques, which take into account appropriate factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data, as well as broker quotes.
All other securities and assets for which market quotations are not readily available are taken at probable realization value as determined in good faith by the Directors (or by a Pricing Committee of Directors established for this purpose), with the approval of the Custodian, although the actual calculation may be done by other competent and responsible persons.
Any assets or liabilities initially expressed in currencies other than US Dollars are converted into US Dollars at the closing rate of exchange quoted by a recognized pricing service.
Fund Company: CABEI Central American Fund plc
Fund: CABEI Central American Portfolio
Investment Advisor: Deutsche Asset Management Investment GmbH
Administrator: Northern Trust International Fund Administration Services (Ireland) Ltd.
Custodian: Northern Trust Fiduciary Services (Ireland) Limited.
Fund Type: Offshore Open-Ended Fund
Incorporation: Republic of Ireland
Authorized By: Central Bank of Ireland
Launch Date: October 27, 1999
Initial Investment: USD 5,000 or currency equivalent
Accounting Year End: December 31st
Expense Ratio: 1.05% (December 31, 2015)
Bloomberg: CABCAMI ID