YOUR THIRD PARTY MANAGEMENT COMPANY

Information about the Remuneration Policy

The Company’s Board of Directors has established a remuneration policy (the “Policy"), in the context of managing undertaking for collective investment on transferable securities (“UCITS”) and alternative investment funds (“AIFs”) (jointly hereafter referred to as the “Funds”), which sets out principles applicable to the remuneration of the senior management, all staff members having a material impact on the risk profile of the financial undertakings as well as all staff members carrying out independent control functions, whose objectives are:

1. To ensure that the remuneration is in line with the applicable laws and regulations, and more specifically with the provisions defined under:

  • the UCITS Directive 2014/91/EU (“UCITS V”), the ESMA consultation paper for the preparation guidelines on sound remuneration policies under the UCITS Directive and AIFMD published on 23 July 2015 (the “Guidelines”),
  • the Alternative Investment Fund Managers Directive 2011/61/EU (“AIFMD”), transposed into the Luxembourg AIFM Law dated from 12 July 2013, as amended from time to time, the ESMA guidelines on sound remuneration policies under the AIFM published on 11 February 2013 and
  • the CSSF Circular 10/437 on guidelines concerning the remuneration policies in the financial sector issued on 1st February 2010; and

2. To comply with Casa4Funds SA remuneration policy practices which aim to:

  • ensure that remuneration is in line with the business strategy, objectives, values and interests of Casa4Funds SA and the Funds it manages or the investors of such Funds;
  • not encourage risk‐taking which is inconsistent with the risk profiles, rules or articles of incorporation or management regulations of the Funds Casa4Funds SA manages;
  • ensure consistency with and promotion of sound and effective risk management to avoid excessive risk taking;
  • avoid or manage conflicts of interest.

The Policy applies to all remuneration paid either by the Management Company or by the Funds themselves.

The Company has elected to apply the proportionality principle as provided by the Guidelines, and the Policy has therefore been conceived in a way and to an extent that it is appropriate to its size and internal organization as well as the nature, scope and complexity of its activities.

The Policy seeks appropriate balance between fixed and variable remuneration elements in line with the business strategy, objective, value and interest of Casa4Funds SA.

The Company’s annual report shall disclose the aggregate remuneration paid by the Management Company and by the UCITS according to UCITS V applicable rules and market practice.

The Funds’ Shareholders may request free of charge additional information by writing to:

Casa4Funds SA
Attention: Compliance Department
42 rue de la Vallée, L-2661 Luxembourg

Or to compliance@casa4funds.com