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  • 1. Fund Details
    Fund Names GAM Star Credit Opportunities – EUR
    GAM Star Credit Opportunities – USD
    GAM Star Credit Opportunities – GBP
    Fund Manager(s) Anthony Smouha, Gregoire Mivelaz and Patrick Smouha
    Fund Company GAM
    Investment Management Company GAM International Management Limited
    Delegate Investment Manager Atlanticomnium
    Fund Type UCITS
    Fund Structure GAM Star Fund plc (the Company) is an open-ended
    umbrella investment company with variable capital
    incorporated with limited liability under the laws of Ireland.
    The Company is an umbrella fund with segregated liability
    between sub-funds.
    Domicile Dublin, Ireland
    Regulator Central Bank of Ireland
    Base Currency GAM Star Credit Opportunities – EUR: EUR
    GAM Star Credit Opportunities – USD: USD
    GAM Star Credit Opportunities – GBP: GBP
    Date of Inception GAM Star Credit Opportunities – EUR: 5 July 2011
    GAM Star Credit Opportunities – USD: 19 Jul 2011
    GAM Star Credit Opportunities – GBP: 12 Jul 2011
    Available Classes Ordinary shares are available in the stated base currency of
    each fund. In addition, the EUR –denominated fund also
    offers CHF and GBP share classes, and the USDdenominated fund also offers AUD classes which are
    currently funded. Other classes can be made available,
    subject to minimum funding requirements being met. Details
    of all share classes can be found in the prospectuses.
    Is the fund listed on any exchange(s)? Yes, each of the three GAM Star Credit Opportunities funds
    is listed on the Irish Stock Exchange.
    Available for sale in* GAM Star Opportunities – EUR, USD and GBP funds:
    Austria, Denmark, Finland, Germany, Ireland, Luxembourg,
    Netherlands, Norway, Spain, Sweden, Switzerland, UK.
    GAM Star Opportunities – EUR, also registered in: Belgium,
    Bulgaria, Chile, France, Israel, Italy, Liechtenstein, ,
    Singapore (restricted to institutional and accredited investors
    only).
    GAM Star Credit Opportunities – USD: also registered in
    Bahrain, Bulgaria, Chile, Israel, Italy, Singapore (restricted to institutional and accredited investors only).
  • 2. Investment / Redemption and Lock-Up Terms

  • 3. Fees

     

    *GAM’s Total Expense Ratio (TER) calculations are based on the expense figures in the latest set of financial statements. Where
    applicable, we exclude; bank interest, incentive fees, bank charges, short dividends paid, foreign exchange losses, equalisation. The
    TER is expressed as a percentage of the average NAV for the period, and is calculated by GAM Fund Management Limited, Dublin.
    Please see prospectus for further details on fees.

  • 4. Is there a dilution levy?

    There is a dilution levy, in line with standard industry practice. This could be applied if considered
    necessary to reduce trading costs where they may disadvantage existing shareholders, and to preserve
    the value of the fund’s underlying assets. GAM does not apply the dilution levy systematically and we
    expect this would be infrequently applied, purely on a case-by-case basis.
    Where a fund buys or sells underlying investments in response to a request for the issue or redemption of
    Shares, it will generally incur a cost, made up of dealing costs and any spread between the bid and offer
    prices of the investments concerned, which is not reflected in the issue or redemption price paid by or to
    the Shareholder. With a view to reducing this cost (which, if it is material, disadvantages existing
    shareholders of the fund) and in order to preserve the value of the underlying assets of the relevant fund,
    where disclosed in the relevant Supplement, the Directors are entitled to require payment of a dilution
    levy, to be added to or deducted from the Net Asset Value per Share as appropriate. The Manager will
    normally charge a dilution levy of up to 1%. of the Net Asset Value per Share in the event of receipt for
    processing of net subscription or net redemption requests (including subscriptions and/or redemptions
    which would be effected as a result of conversions from one fund into another fund). The need to charge a
    dilution levy will depend on the volume of purchases, conversions or redemptions of Shares on any given
    Dealing Day, and this will be evaluated by the Manager without prior notification to the relevant
    Shareholder. Please refer to the funds’ prospectuses for further details.

  • 5. Is there a “gate” and how is it computed?

    The directors are entitled to limit the number of shares of a fund redeemed on any Dealing Day to 10% of
    the total number of shares of that fund in issue. In this event, the limitation will apply pro rata so that all
    shareholders wishing to have their shares of that fund redeemed on that Dealing Day will realise the same
    proportion of such shares for which a redemption request has been accepted by the manager and any
    shares not redeemed, but which would otherwise have been redeemed, will be carried forward to be
    redeemed on the next Dealing Day. If requests for the redemption of shares are so carried forward, the
    directors will inform the shareholders affected.

  • Please read this important legal information before proceeding.

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    The information is solely product-related and does not take into account any personal circumstances and does not qualify as general or personal investment recommendation or advice. In particular, the information is given by way of information only and does not constitute a specific legal offer for the purchase or sale of financial instruments. Moreover, nothing contained herein is constitutive of any tax advice.

    Every effort has been made to ensure the accuracy of the financial information herein but the information contained herein has not been independently reviewed or verified. Therefore, Atlanticomnium SA gives no assurance, express or implied, as to whether such information is accurate, true or complete and no responsibility is accepted by Atlanticomnium SA for any errors or omissions. Third-party content is the property of its respective provider or its licensor and is protected by applicable copyright law.

    Past performance is not indicative of future performance. The price of shares/units and the income from the funds/trusts can go down as well as up and may be affected by changes in rates of exchange or financial markets fluctuation, out of the scope of Atlanticomnium SA.

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