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Share Price & Fund Statistics

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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.

As per 30th June 2018 the reported negative valuation movement was the result of the completion of the final stage of refreshing life expectancy reports, of all the insured lives in the portfolio. This has been done progressively on a rolling basis.

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$ 75,626,473.61
Return Since Inception0.74%
Class I Shares Application PriceUSD 0.8674 per share (Effective 1st June 2019)
Quarterly ReportPlease refer to the Reports Page for the latest Quarterly Report.
*Our returns are calculated by the percentage change between the share price at the beginning of the reporting period to the share price at the end of the reporting period, adjusted for any distribution.
** 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.

2019 Quarterly Return

YearQuarterly Return End MarchQuarterly Return End JuneQuarterly Return End SeptemberQuarterly Return End December
2019-0.12 %
*Our returns are calculated by the percentage change between the share price at the beginning of the reporting period to the share price at the end of the reporting period, adjusted for any distribution.
Important Information: This information is intended for qualifying investors only and was correct at the time of preparation. It has been prepared to provide general information only and should not be considered as a “securities recommendation” or an “invitation to invest” in any jurisdiction. Potential investors should consider the relevance of this information to their particular circumstances. Before proceeding investors must obtain the prospectus and take their own legal and taxation advice. If you acquire or hold one of our products we will receive fees and other benefits as disclosed in the prospectus and relevant offering documents.

Committed to meeting your investment requirements

Contact the Global Insurance Settlements Funds Team