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+353 1 640 1880

Share Price & Fund Statistics

Policy Acquisition

The GIS General Fund is one of the suite of products offered by Global Insurance Settlements Funds PLC.

This structure is aimed at Sophisticated / Institutional investors and provides tax clarity by ensuring there is no tax leakage.

The GIS General Fund’s overall investment objective is to generate attractive risk-adjusted returns over time, by actively managing a large and diversified portfolio of life insurance policies through Life Settlement transactions.

Commentary

Global Insurance Settlements Funds PLC (GISF) invests in life settlement policies and its first Fund, the GIS General Fund has been seeded with seasoned policies.

Bear in mind that the fund has ongoing premium payments to make on each policy until a claim has been lodged. It is the collection of these proceeds that drives the return and we anticipate an increased number of claims will be lodged over time.

June 2019
The large negative movement in the reporting value is the result of having all policies in the Fund re-underwritten in the June quarter. Normally, the Fund has re-underwritten portions of the portfolio on a rolling basis, due to the buy and hold investment strategy of the fund.

During the year the underwriting suppliers, used by the Fund, have introduced updated mortality tables, which were materially different from those previously used. These estimates form a key part of the calculation of the current reporting value under US GAAP Accounting Standards.

The changes in the current value used for reporting purposes do not impact the benefit amounts payable under the insurance contracts held by the fund.

Fund's Key Features

Investment ManagerGI Asset Management Limited
Fund's Legal NameGIS General Fund
DomicileIreland
Asset CategoryInsurance Linked Securities
StructureUmbrella Fund/Company
Launch DateFebruary 2012
Investment Horizon5 years +
CustodianCACEIS Bank Luxembourg Dublin Branch
Minimum Investment€100,000 or equivalent
Product NameGIS General Fund -  Class I Shares
SEDOL CodeB66NST9
ISINIE00B66NST91
Websitewww.gisfunds.com
Contact Emailadmin@gisfunds.com 
Contact Phone Number+353 1 640 1880

Key Fund Statistics

Assets Under ManagementUS$ 51,254,969.17
Class I Shares Application PriceUSD 0.6003 per share (Effective 1st October 2019)
Quarterly ReportPlease refer to the Reports Page for the latest Quarterly Report.
** 1 cent per share dividend was paid on the 1st September 2015.*** 1 cent per share dividend was paid on the 1st December 2015.**** 1 cent per share dividend was paid on the 1st March 2016.**** 1 cent per share dividend was paid on the 1st June 2016.***** 1 cent per share dividend was paid on the 1st September 2016.****** 1 cent per share dividend was paid on the 1st March 2017.******* 4 cents per share dividend was paid on the 1st June 2017********1 cent per share dividend was paid on the 1st September 2017.*********1 cent per share dividend was paid on the 1st December 2017.**********1 cent per share dividend was paid on the 1st March 2018.

Committed to meeting your investment requirements

Contact the Global Insurance Settlements Funds Team