Odey Pan European Fund - R EUR ACC Fonds

The Fund's aim is long term capital appreciation through investing mainly in shares issued by companies which derive a significant proportion of their income from or whose principal offices are in Europe, including Eastern Europe ('European Companies'). The Fund invests primarily in shares of European companies. The Fund may invest up to 10% of its Net Asset Value ('NAV') in non-European companies and up to 20% of its NAV in emerging markets. The Fund may also invest up to 10% of its NAV in fixed and/or floating rate securities (such as bonds and commercial paper) issued by government/supranational entities and/or corporates which may be rated or unrated and which are listed or traded on one or more Recognised Exchanges or unlisted. The Fund may also hold up to 5% of its NAV in UCITS and non-UCITS collective investment schemes and up to 30% of its NAV (and up to 50% of its NAV in exceptional circumstances) in cash and/or cash equivalents.