Sub-Fund definition

Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

Sub-Fund means a collective investment sub-scheme of a specified investment class and/or investment policy set up within the overall Pension Fund. The Trust Property shall be accounted for and segregated with respect to each Sub-Fund;

Sub-Fund means a segregated pool of assets and liabilities into which the Scheme Property is divided, established under the Instrument and as described in the relevant Appendix.

Examples of Sub-Fund in a sentence

• Accordingly, the Sub-Fund may be at any time fully or partially exposed to one or more OTC swap transactions.

• Alternatively, in order to achieve the investment objective, the Sub-Fund may invest part or all of the net proceeds of any issue of Units in one or more OTC swap transactions negotiated with the swap counterparties, and exchange the invested proceeds against the final payout.

• The Sub-Fund will invest in a diversified portfolio consisting of any type of equities and equity-linked instruments, Money-Market Instruments, UCIs, UCITS, debt and debt-related instruments issued by companies having their registered office or exercising the preponderant part of their economic activities in any country or issued by a government of any country (all together the “Investment Strategy Portfolio”).

• The Sub-Fund will further enter into an equity index swaps component (the “Equity Index Swap”) made of one or more swaps in order to achieve the protection objective set above.

• In the event that the counterparty risk linked to a swap agreement exceeds 10% in respect of credit institutions or 5% in other cases of the assets of the Sub-Fund, the Sub-Fund shall cover this excess through security (“collateral”), e.g. equities, government bonds, investment grade money market papers, investment funds or cash.

More Definitions of Sub-Fund

Sub-Fund means a separate part of the Scheme Property which is established pursuant to the Instrument and as described in the relevant Appendix.

Sub-Fund means a sub-fund of the SICAV.

Sub-Fund means any sub-fund from time to time established pursuant to Section 9 and which may comprise one or more classes of Shares in the Fund.

Sub-Fund means a specific portfolio of assets which is invested in accordance with a particular investment objective.

Sub-Fund means a Sub-Fund of the Company representing the designation by the Directors of a particular class of Shares as a Sub-Fund, the proceeds of which are pooled separately and invested in accordance with the investment objective and policies applicable to such Sub-Fund, and which is established from time to time with the prior approval of the Central Bank.

Sub-Fund means a collective investment sub-scheme of a specified investment class and / or Investment Policy set up under and as part of the Pension Fund in accordance with Clause 6.6 and shall include the three initial Sub-Funds named therein and any new Sub-Fund launched as per the Rules. Trust Property shall be accounted for and segregated with respect to each Sub-Fund;

Sub-Fund means a sub-fund of the Trust, being a separate trust which is established pursuant to a supplemental deed and is maintained in accordance with the provisions of the Trust Deed and such supplemental deed and with respect to which one or more separate classes of Units is issued.