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This document provides you with key investor information about the Pacific Multi-Asset
Accumulator – Defensive Fund, a sub-fund of Pacific Capital UCITS Funds plc, an investment
company with variable capital incorporated in Ireland with registered number 553111 and
established as an umbrella fund with segregated liability between sub-funds. The information
is required by law to help you understand the nature and the risks of investing in this Fund.
This document is not marketing material. You are advised to read it so you can make an
informed decision about whether to invest.
Key Investor Information
Pacific Multi-Asset Accumulator – Defensive Fund | Class GBP D1 Shares
ISIN: IE00BYX7MK94
A sub-fund of Pacific Capital UCITS Funds plc
The Investment Manager of the Fund is Pacific Capital Partners Limited
Objectives and investment policy
Investment Objective: The Fund’s investment objective is to provide
capital growth over the long term whilst attempting to limit the risk of capital
loss in most market conditions by investing primarily in regulated funds.
There can be no guarantee that the Fund will achieve its investment
objective.
The Fund is a multi-asset fund. Accordingly, the Investment Manager may,
through its investment in Underlying Funds, direct investments and
derivatives, obtain exposure to a broad range of asset classes, including
equity markets, fixed income, money markets, indices (through investment
in Underlying Funds pursuing passive investment strategies) and
currencies (as part of the “Factor Based Investment Strategies”). The Fund
has no bias to any underlying asset class, country or region and, subject
to the investment restrictions, provides exposure to investments which are
listed or traded on Regulated Markets globally and which may include
exposures to Emerging Markets and to fixed income securities that are
rated below investment grade.
Investment Policy: The Fund is a fund of funds and seeks to achieve its
investment objective by investing principally in underlying funds, including
open-ended exchange traded funds (the “Underlying Funds”) in
accordance with the investment procedures.
The Fund may also invest directly in certain securities, including, in
particular, UK gilts, where it believes that such direct investment to be more
efficient (e.g. where direct investment results in lower costs or increased
liquidity) than investment in Underlying Funds.
The Fund will typically take a smaller exposure to equity markets ranging
up to 35% of NAV and the remainder invested in fixed income and other
asset classes.
The Investment Manager may also seek to pursue a “factor based”
investment strategy in identifying suitable investments for the Fund. In
accordance with this investment strategy, the Investment Manager will
seek to isolate and take exposure to the particular factors which drive risk
and return within a given asset class or market.
Risk and reward profile
The Synthetic Risk and Reward Indicator table demonstrates where the Fund ranks in terms of risk and reward. The higher the rank the
greater the risk of losing money. It is based on past date, may change over time and may not be a reliable indication of the future risk
profile of the Fund. The shaded area in the table below shows the Fund’s ranking on the Synthetic Risk and Reward Indicator
Lower risk
Higher risk
Typically lower rewards
1
2
Typically higher rewards
3
4
5
6
7
Why is the Fund in this Category? The lowest category does not mean ‘risk free’. The Fund’s risk category shown is not guaranteed and may change
in the future for various reasons including general market developments and changes such as geo-political factors. The risk category selected is based
on historical data and consistent with the Fund’s risk profile. However, any historical data may not be a reliable indicator of future returns.
The Fund is categorised as a 4 because it is invested in multi-assets, and in addition to the stock market risk it is subject to foreign exchange fluctuations.
While the Fund attempts to diversify individual security risk, this risk cannot be eliminated.
The indicator above outlines the risk profile of the Fund at launch. The investments in the Fund are subject to higher market fluctuations and other risks
inherent in investing in collective investment schemes. However, any historical data may not be a reliable indicator of future returns on historical data
and consistent with the Fund’s risk profile.
The following risk factors apply to the Fund:
 Credit Risk; where a level of investment may be made in debt securities
 Derivative Risk; where a level of investment may be made in derivatives
 Currency Risk; where a level of investments may be made in
securities different from the fund denominated currency
 Liquidity Risk; where a level of investment is made in financial
instruments that are likely to have a low level of liquidity in some
circumstances
The value of investments and the income from them and therefore the value of, and income from the Shares in the Fund, may go down as well as up
and an investor may not get back the amount s/he invests.
Any investment in any Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.
Investors in non-hedged Share Classes are subject to currency fluctuations more so than investors in hedged Share Classes. The costs associated
with hedged Share Class transactions (including transaction costs relating to the instruments and contracts used to implement the hedge) will be
attributed to the specific Class and will be reflected in the Net Asset Value of that Class.
A full list of risks applicable to this Fund can be found in the Prospectus and Supplement.
Charges for this fund.
The charges you pay are used to pay the operating costs of the Fund, including the costs of marketing and distributing it. These charges reduce the
potential growth of your investment.
One-off charges taken before or after you invest
Ongoing Charges
Entry Charge: 5.00%
The total ongoing charge figure for the Fund is not expected to exceed
2.50%. This is representative the most expensive share class and
therefore reflects the expected maximum ongoing charge. There is no
performance fee payable. The breakdown is as follows:
Annual management charge……………..1.50%
Other charges p.a……………………...….1.00%
Total on-going charges……………….…..2.50%
Exit Charge: 0.00%
The entry and exit charges shown are maximum figures that we might take
out of your money before it is invested and before we pay out of sales
proceeds of your investment.
In some cases you might pay less and you should speak to your financial
adviser about this.
For more information about charges, please see section “Fees and
Expenses” of the Fund’s Prospectus Supplement.
In many cases you may pay less and should speak to your financial
advisor about this.
The Ongoing Charge figure is an estimate based on projected
expenses and may vary from year to year. It excludes the cost of buying
and selling assets for the Fund. An estimate is used in order to provide
the figure that will most likely be charged.
Where the Fund invests in an open-ended collective investment
scheme which is operated or managed by the Manager or an associate
of the Manager, no additional annual management charge will be
incurred by the Fund on such an investment.
The annual report for each financial year will include detail on the exact
charges made.
Past performance: Class GBP D1 Shares – Pacific Multi-Asset Accumulator – Defensive Fund
There is no past performance data available.
Practical information
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The Class GBP D1 Shares has been chosen as the representative share class for the Fund’s A, B, C, D1, D2, D3, E, F, G, Institutional and Z Share
Classes (each available in USD Hedged, GBP, EUR Hedged, CHF Hedged, AUD Hedged, JPY Hedged, SGD Hedged currencies). Further
information in respect of these other classes is set out in the Fund's Supplement.
The Fund’s Depositary is State Street Custodial Services (Ireland) Limited.
Pacific Capital UCITS Funds plc may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or
inconsistent with the relevant parts of the prospectus for the Fund.
Further information about the Fund and the different Classes of Shares (including a copy of the current prospectus and most recent financial
statements) are available at the Fund’s registered office. The net asset value per Share for the Fund is available at http://www.pacificam.co.uk
The Fund is subject to Irish taxation legislation which may have an impact on your personal tax position as an investor in the Fund. Investors should
consult their own tax advisers before investing in the Fund.
The Fund is a sub-fund of Pacific Capital UCITS Funds plc.
Investors may redeem shares in the Fund (or a portion thereof) by submitting a redemption request application on a business day (prior to a dealing
day). Investors may switch shares in the Fund for shares in other sub-funds of Pacific Capital UCITS Funds plc provided that they satisfy the criteria
applicable to investments in the other sub-fund(s). Further information on switching is contained in the Prospectus.
Details of an up-to-date UCITS V Remuneration Policy Statement, including but not limited to, a description of how remuneration and benefits are
calculated, and the identities of persons responsible for awarding remuneration and benefits are available at http://www.pacificam.co.uk and a paper
copy will be made available free of charge on request to Pacific Capital UCITS Funds plc.
Pacific Capital Partners Limited is authorised and regulated by the UK Financial Conduct Authority.
Pacific Capital UCITS Funds plc is authorised in Ireland and regulated by the Central Bank of Ireland. This key investor information is accurate
as at 12 January 2017.
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