Key investor information
This document provides key investor information about this subfund. It is not a promotional document. The information it
contains is provided under a legal obligation to help you understand what an investment in this subfund involves and the risks
associated with it. You are advised to read it in order to take an informed decision on whether or not to invest.
MFM Global Convertible Bonds (the subfund)
is a subfund of MFM FUND (the Fund)
Class of shares (CHF) I (class) (ISIN: CH0036975255)
Fund Management: GERIFONDS SA, a company of the group Banque Cantonale Vaudoise (BCV)
Objectives and investment policy
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The subfund is intended to achieve capital gains in the
medium to long term by investing primarily in
convertible bonds and other similar securities with rights
of conversion or option rights issued in Swiss francs or
other currency, by public or private issuers worldwide.
The subfund is actively managed. The investment
policy is characterised by a careful selection of issuers,
in terms of both their solvency and their development
potential. Investments are diversified at the
geographical and sectoral level.
hedge its portfolio. They can also be used for purposes
of good portfolio management.
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Investors may redeem their units every banking day,
unless the price of positions held by the fund is not
available (market closed).
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The class distributes its net income annually.
The class meets its own transaction costs, which are
offset against the yield.
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The class is open to qualified investors. The reference
currency is the Swiss franc.
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The subfund does not offer any guarantee or surety for
the capital.
The subfund uses derivative financial instruments to
Risk profile and performance
Lower risk
Higher risk
Potentially lower yield
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2
Potentially higher yield
3
4
5
6
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The class is also exposed to the following risks that are not
captured by the summary indicator:
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Credit risk: since the subfund is investing in bonds,
issuers may not be able to redeem the bond in full.
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The risk category represents the annual historical
volatility over a period of 5 years.
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Historical data, such as those used to calculate the
summary indicator, may not be a reliable indicator of
the future risk profile of the class.
Liquidity risk means the possible inability of a market to
absorb given trading volumes thus affecting the
purchases and sales of positions held by the subfund.
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Counterparty risk occurs when a third party (borrower or
a data structure) is not able to meet its obligations vis-àvis the subfund, which may adversely affect the value.
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Operational risk arises when inadequate or defective
internal processes negatively impact the value of the
fund.
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The risk category shown is not a target or a guarantee
and could change over time.
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The lowest risk category is not equivalent to a risk-free
investment.
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The fund invests in convertible and similar bonds of
private or public issuers worldwide, which explains the
allocation of this risk category.
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Fees
Fees charged to the investor
Issue commission
Max. 2.50%
Redemption commission
No
The percentage shown is the maximum that can be deducted from
the capital invested by the investor
Fees which can be charged to the assets of the class
over a year
Recurrent fees
1.01%
Fees which can be charged to the assets of the class
under specific conditions
Performance Fee
No
The fees are used for the operation of the class, including
its marketing and distribution. These fees are offset against
the potential growth of the investment.
Issue and redemption commissions are maximums and,
in some cases the investor might pay less. Please consult
your financial advisor or distributor for the actual amount of
the issue and redemption commissions.
Recurrent fees are based on the previous year which
ended on 15 May 2014 and can fluctuate from year to year.
They do not include transaction costs, except for costs
related to the issue or redemption of units in target funds.
For more information on fees, please see the section "Fees
and Costs" in the Fund's prospectus.
Past performance
The class was launched on 15 February 2008 (the subfund
was launched on 6 October 2003).
Past performance is no guarantee of future performance.
Past performance does not take into account commissions
and costs incurred for the issue and redemption of units.
15.0%
10.0%
Past performance has been calculated in CHF.
5.0%
0.0%
-5.0%
-10.0%
MFM Global Convertible Bonds (CHF) I
2008
2009
2010 2011
2012
2013 2014
2015
2016
2017
12.1% 4.0% -5.0% 9.7% 9.6%
Practical information
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Deposit bank: Banque Cantonale Vaudoise, Lausanne.
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Manager: MFM
Lausanne.
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Mirante
Fund
Management
SA,
The fund contract and prospectus as well as the most
recent annual and semi-annual reports are available
free of charge in French from the head office of
GERIFONDS SA, Rue du Maupas 2, 1002 Lausanne,
or on its website www.gerifonds.ch.
that are misleading, inaccurate or inconsistent with the
relevant parts of the fund contract and prospectus.
•
This document describes a class of a subfund of the
fund.
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The assets and liabilities of the various subfunds are
maintained separately. This means that investors are
only entitled to the assets and income of the subfund in
which they hold units.
•
Additional information and the most recent unit prices
as well as other practical information can be obtained
from GERIFONDS SA or on its website
www.gerifonds.ch.
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Other classes exist in this subfund. For more
information, please refer to the chapter "Information on
the umbrella fund and subfunds" of the fund
prospectus.
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GERIFONDS SA can only be held liable on the basis of
the statements contained in the present document
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Tax legislation may have an impact on the personal tax
position of the investor.
This subfund is approved and supervised by the Swiss Financial Market Supervisory Authority (FINMA).
The key investor information provided in this document is accurate as at 10 September 2014.
The present document is a translation. For the interpretation of the key investor information, only the French version is
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authoritative.