Summary

Global Insurance Settlements Funds PLC, (GISF PLC) incorporated in Ireland (number 489049) as an umbrella type investment company with segregated liability between sub-funds.

Authorised by the Central Bank of Ireland as a Qualifying Investor Fund (“QIF”) under Part XIII of the Companies Act 1990 on 4 November 2011. The QIF is the most flexible type of regulated fund structure in Ireland.

 

GIS General Fund

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. It enables a number of different investment options to suit the specific needs of our investors.

The Fund’s core activity is to actively manage a large and diverse portfolio of life insurance policies (life settlements) issued by companies in the USA. Policies are sourced by licensed U.S. Provider companies and the Board of GISF select those that best meet the Fund’s policy purchase criteria.

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.

To learn more about the Global Insurance Settlements Funds PLC, (GISF PLC) and GIS General Fund please go to the website www.gisfunds.com  or alternatively contact the investment manager via the contact form.

 

Fund's Key Features

Investment Manager

GI Asset Management Limited

Fund's Legal Name

GIS General Fund

Domicile

Ireland

Asset Category

Insurance Linked Securities

Structure

Umbrella Fund/Company

 Launch Date

February 2012

Investment Horizon

5 years +

Custodian

CACEIS Bank Luxembourg Dublin Branch

Minimum Investment

€100,000 or equivalent

Product Name

GIS General Fund -  Class I Shares

SEDOL Code

B66NST9

ISIN

IE00B66NST91

Website

www.gisfunds.com

Contact Email

admin@gisfunds.com 

Contact Phone Number

+61 7 5557 4700

 

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 from its Australian feeder fund.

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.

 

Key Fund Statistics

Assets Under Management US$ 88,203,476.87
Calendar Year Return 2017 2.45 %
Return Since Inception

9.12 % 

Class I Shares Application Price USD 0.9912 per share (Effective 1st August 2017)
Financial Reports Please refer to the Global Insurance Settlements Funds PLC website for more details.

*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 cent per share dividend was paid on the 1st June 2017.

 

 

 

2017 Quarterly Return

Year Quarterly Return End March Quarterly Return End June Quarterly Return End September Quarterly Return End December
2017   2.33 %  0.25 %    

*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.