KID – Investment Trusts

KEY INFORMATION DOCUMENT (“KID”) – Investment Trusts / Funds

Purpose

This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains, and losses of this product and to help you compare it with other products.

Products

This KID relates to Unit Trusts, Investment Trusts and Funds provided by Clear Capital Markets, a firm authorised and regulated in the UK by the Financial Conduct Authority under Firm Reference Number: 706689. +44 (0)20 3869 6080. The products can be traded through through Jarvis Investment Management, City Index, Saxo Bank and TradeTech here on known as ‘The Platforms’.

Template

When certain equities are bought through the Jarvis platform, an email may be forwarded on to you after the purchase outlining the ongoing costs and charges of the investment and a cumulative effect on return. This KID is created after an agreement has been reached as to the initial purchase of the investment and before the execute button is clicked.

An email will then be sent to you in the following format, for which the example below relates to a purchase of 100 shares in The Renewables Infrastructure Group ‘TRIG’ ISIN: GG00BBHX2H91 at the current market price.

Email

Dear [Client Name]

Please find below a link to the Investment Document for this transaction.

Key Information Document (KID) – SEDOL BBHX2H9

The document provides you with costs and charges information about this Fund. It is not marketing material. The information is required by law and you are advised to read it so you can make an informed decision about whether to invest.

The total charges deducted for each fund will have an impact on the investment return you might get. Whilst performance can’t be guaranteed, we can give you examples of how the charges will affect what you might get back.

We estimate that you will incur the following charges on your investment of £132.80 if you buy, hold, and sell this investment over the following example periods. The exact investment amount and charges may vary depending on the price of the security at the time of your trade. These estimates assume a 3.00% annual growth rate. Charge rates are subject to change.

Cumulative effect on return
Years Held
What you might get if there were no charges at all
What you might get after charges
Difference due to charges
Cumulative effect on Return
1
£136.78
£94.32
£42.46
31.98%
5
£153.95
£100.51
£53.44
40.24%
10
£178.47
£109.06
£69.41
52.27%
Costs and charges summary
Cost type
% of investment
Total over 1 year
Product
One-off (Entry / Exit)
0.00% / 0.00%
£0.00
Entry and Exit Costs
Ongoing
0.01% (per annum)
£1.24
The Annual Management Charge and other fund expenses
Transaction
0.00% (per annum)
£0.60
Costs incurred by buying and selling underlying investments
Incidental
0.00% (per annum)
£0.00
These can include performance fees
Transaction Cost
£40.00
These can include broker commissions, foreign exchange, transaction costs, stamp duty and transactions tax
Total
£41.84

What happens if The Platforms are unable to pay out

If The Platforms are unable to meet its financial obligations to you, you may lose the value of your investment however, we believe the Firm segregates all Retail Client funds from its own money in accordance with the UK FCA’s Client Asset Rules. The Platforms also participate in the UK’s Financial Services Compensation Scheme (“FSCS”) which covers eligible investments up to £85,000 per person, per firm. See www.fscs.org.uk

How can I complain?

If you wish to make a complaint about Clear Capital Markets, you should contact our client services team on 0203 869 6080, or email compliance@clear-cm.co.uk. If our client services team is unable to resolve the matter you may refer it to our compliance department. If you do not feel that your complaint has been resolved satisfactorily, you are able to refer your complaint to the Financial Ombudsman Service (“FOS”). See www.financial-ombudsman.org.uk for further information. You can also refer to the European Commission’s Online Dispute Resolution Platform, however it is likely that you will be referred to the FOS.

Other relevant information

If there is a time lag between the time you place your order and the moment it is executed, your order may not be executed at the price you expected. Ensure your internet signal strength is sufficient before trading. The Terms and Policies section of our website contains important information regarding your account. You should ensure that you are familiar with all the terms and policies that apply to your account.