Fondsverschmelzung von Alceda Fonds

 Wir möchten Sie darüber informieren, dass folgende Fonds zum 7. Mai 2013 verschmolzen wurden. Dies bedeutet, dass die Anteile des „abgebenden Fonds“ in einem von der KAG vorgegebenen Verhältnis in den „aufnehmenden Fonds“ aufgehen. Dieses Umtauschverhältnis wurde von der KAG am Fusionstag bekannt gegeben.

Die letzte Ausgabe und Rücknahme von Anteilen des „abgebenden Fonds“ hat über die FFB
bereits stattgefunden.
Bei der Fondszusammenlegung werden wir entsprechend dem Vorschlag der Fondsgesellschaft
verfahren. Pläne in dem „abgebenden Fonds“ werden automatisch auf den „aufnehmenden Fonds“
umgestellt und dort fortgeführt.
Bitte beachten Sie hierbei die eventuell abweichenden Anlageschwerpunkte. Soll zur Abdeckung
der ursprünglich verfolgten Anlageziele ein anderer Fonds genutzt werden, benötigen wir unbedingt
einen gesonderten Auftrag.
Wir weisen darauf hin, dass die Verschmelzung unter Umständen für Ihre Kunden steuerliche
Konsequenzen hat. Wir empfehlen Ihren Kunden daher, sich bei ihrem Steuer- bzw. Finanzberater
über die steuerlichen Auswirkungen gemäß den Steuergesetzen in ihrem Wohnsitz- oder
Aufenthaltsland zu informieren.
In Bezug auf §42a InvG werden wir die Bestandskunden des aufnehmenden Fonds ebenfalls
schriftlich über die Fondsfusion informieren.
Anbei finden Sie den dauerhaften Datenträger der Fondsgesellschaft.
Wir möchten an dieser Stelle darauf hinweisen, dass es sich bei dem beigefügten Dokument um ein
Schriftstück der Fondsgesellschaft handelt. Für die Verwahrung und Administration von Anteilen
und die Umsetzung von Aufträgen verweisen wir auf unsere allgemeinen Geschäftsbedingungen
nebst Preis- und Leistungsverzeichnis.
Mit freundlichen Grüßen
FFB-Vertriebspartnerbetreuung

Dear Unitholder,
Merger of Living Planet Fund – Global Equity (the “Merging Sub-Fund”) into Living Planet Fund – Global Environment (the
“Absorbing Sub-Fund”) (together hereafter referred to as the “Sub-Funds”)
The board of directors of the Management Company (the “Board of Directors”), would like to inform you as a unitholder of the Sub-
Funds of its plan to merge the Sub-Fund Living Planet Fund – Global Equity into the Sub-Fund Living Planet Fund – Global Environment
on 7 May 2013 (the “Effective Date”).
1. Rationale for the merger
The following table shows approximate values of the Merging Sub-Fund and Absorbing Sub-Fund and their combined values as at 8
March 2013:
LIVING PLANET FUND MANAGEMENT COMPANY S.A. Société anonyme
Registered office: 5, Heienhaff, L-1736 Senningerberg – R.C.S. Luxembourg No. B 93 908
(the “Management Company”) acting in its own name but on behalf of LIVING PLANET FUND (the “Fund”)
Approximate Value of
Merging Sub-Fund Absorbing Sub-Fund Fund as at 8 March 2013
(in EUR)
Living Planet Fund
Global Equity EUR 9,662,174.70
Living Planet Fund
Global Environment EUR 22,247,987.88
Combined Value EUR 31,910,162.58
By merging the Merging Sub-Fund into the Absorbing Sub-Fund, the combined estimated values, as shown in the
above table, together with the potential for new investments in the Absorbing Sub-Fund, should provide the benefits
of greater fund size and, therefore, economies of scale, with the expectation that this should enable relatively
lower costs in the future compared to the total net asset value of the Sub-Funds. For this reason and following the
changes in the economic environment and the financial crisis, the Board of Directors believes that your interests
will be better served if the Merging Sub-Fund is merged into the Absorbing Sub-Fund, as identified in the table
above.
2. Comparison between the Merging Sub-Fund and the Absorbing Sub-Fund
There are some differences between the Merging Sub-Fund and the Absorbing Sub-Fund. A comparison of the
principal features of the Merging Sub-Fund with those features of the Absorbing Sub-Fund is provided in Appendix
hereto. In summary, the main differences between the Merging Sub-Fund and the Absorbing Sub-Fund are as follows:
Investment Policy and Objective of each Sub-Fund
The Merging Sub-Fund’s investment Policy and Objective and the new Absorbing Sub-Fund’s Investment Policy
and Objective are set out in Appendix hereto.
Classes of Units
The Management Company or its agent, on behalf of the Fund, will issue to the benefit of the Merging Sub-Funds’
unitholders units in the following classes of the Absorbing Sub-Fund:
Merger of into
Living Planet Fund – Global Equity Living Planet Fund – Global Environment
(the Merging Sub-Fund) (the Absorbing Sub-Fund)
class A class A
class B class B
Charges and expenses
A comparison of fees and charges of the Merging Sub-Fund with those of the Absorbing Sub-Fund is also set out in Appendix hereto.
No subscription charges, redemption charges and switching commissions are payable in the Absorbing Sub-Fund.
The global service fee covering all fees payable to the Management Company, the Administrative Agent, the Custodian Bank, the
Portfolio Managers, the Investment Advisors, the direct or indirect support to environmental projects and the Distributors for both Class
A and Class B units shall be lower in the Absorbing Sub-Fund, as further described in the Appendix hereto.
3. Terms of the merger
The merger will be effected as of midnight (Luxembourg time) on the Effective Date.
In accordance with article 1 (20) a) of the Luxembourg law of 17 December 2010 concerning undertakings for collective investment
(the “Law”), the merger will involve the transfer of all the assets and liabilities of the Merging Sub-Fund to the Absorbing Sub-Fund, in
exchange for the issue of units in the Absorbing Sub-Fund to unitholders of the Merging Sub-Fund. The Merging Sub-Fund will thereupon
be dissolved without going into liquidation. The number and class of units that will be issued to such Merging Sub-Fund unitholders
will be in proportion to their unitholding of the relevant class of the Merging Sub-Fund and determined on the basis of the net
asset value of their units in the Merging Sub-Fund and the net asset value of the relevant class of units in the Absorbing Sub-Fund as
of the day before the Effective Date. There will be no cash payment to the unitholders in the Merging Sub-Fund.
The units that will be issued will be denominated in the same reference currency as the base currency of their current unitholding in
the Merging Sub-Fund.
Units allocated to the Merging Sub-Fund’s unitholders in the Absorbing Sub-Fund in exchange for their units in the Merging Sub-Fund
as part of the merger will be free of any initial sales charge.
It is not expected that the merger will have any material impact on the composition of the portfolio of assets of the Absorbing Sub-Fund
nor entail a dilution of its performance. No adjustment of the portfolio of assets of the Merging Sub-Fund will be necessary prior to the
merger.
As from the Effective Date, the Merging Sub-Fund shall be dissolved and all its units in issue shall be cancelled.
The Merging Sub-Fund’s unitholders may give instructions to the Management Company for the transfer or sale of all or some of their
units issued to them in the Absorbing Sub-Fund after the Effective Date.
4. Existing declarations, authorities and instructions in respect of units in the Merging Sub-Fund
Subject to the Management Company receiving any new declaration, authority or instructions, any declaration, authority and instructions
in force on the Effective Date in respect of units in the Merging Sub-Fund shall continue to be effective in respect of units issued
in the Absorbing Sub-Fund as part of the merger and any later units acquired in the Absorbing Sub-Fund.
5. Tax implications of the merger
The merger of the Sub-Funds will not be subject to taxation in Luxembourg.
You may be subject to taxation in your tax domiciles or other jurisdictions where you pay taxes.The tax consequences of the
merger may vary depending on the law and regulation of your country of residence, citizenship, domicile or incorporation. If
you are in any doubt about their potential liability to tax as a result of the implementation of the merger, you should consult
your professional tax adviser.
6. Costs of the merger
The legal, advisory and administrative costs of the merger will be borne by the Management Company.
7. Last Valuation Day of the Merging Sub-Fund
With immediate effect, no further subscriptions are allowed in the Merging Sub-Fund.
Any redemption or switching instructions received before the Merging Sub-Fund’s dealing cut-off time of 5.00 p.m. (Luxembourg time)
on 27 April 2013 will be dealt with in the normal way. Therefore, unitholders in the Merging Sub-Fund will not be able to request redemptions
or conversions of their units during the period from 28 April 2013 through 6 May 2013 inclusive. Unitholders in the Merging Sub-
Fund who have not requested redemption or switching of their units by the dealing cut-off time of 5.00 p.m. (Luxembourg time) on 27
April 2013 will receive a number of units of such class in the Absorbing Sub-Fund as described under section 3.
For the purpose of calculating the exchange ratio for the units of the Merging Sub-Fund and the units of the Absorbing Sub-Fund, the
net asset value of each Sub-Fund will be calculated on 6 May 2013. The net assets will be valued in accordance with the valuation
principles contained in the Fund’s prospectus and management regulations.
Any dealing instructions received in respect of the Merging Sub-Fund after 5.00 p.m. (Luxembourg time) on 27 April 2013 will be deemed
to be dealing instructions in the Absorbing Sub-Fund and will be dealt with following the Effective Date in accordance with the
provisions of the Fund’s prospectus. Any such instructions that may therefore be received in respect of the Merging Sub-Fund on 27
April 2013 after the dealing cut-off time of 5.00 p.m. (Luxembourg time) will be dealt with on 6 May 2013 in the Absorbing Sub-Fund.
The Absorbing Sub-Fund will not suspend dealing in its units prior to the Effective Date.
8. Action you need to take
If you are in any doubt about holding units in the Absorbing Sub-Fund following the merger, you should consult your professional financial
adviser or the Management Company at its registered office.
If you do not agree with the planned merger, please note that you have the opportunity to redeem your units until 5.00 p.m.
(Luxembourg time) on 27 April 2013.
9. Additional information
Copies of the report of the approved statutory auditor of the Fund and of its custodian bank, both relating to the merger, may be obtained
free of charge at the registered office of the Management Company upon request.
Revised versions of the Fund’s prospectus and key investor information documents are available free of charge upon request from the
registered office of the Management Company and on its website at www.livingplanetfund.com.
If you are a unitholder in the Merging Sub-Fund, the most recent key investor information document of the Absorbing Sub-Fund is enclosed
to this letter. If you have any queries about the changes or require any further information, please contact the Management
Company under the contact details enclosed under section 8 during office hours.
Yours faithfully,
On behalf of the Board of Directors
Share Classes and fees and expenses:
Class A: Global Service Fee: 2,04%
Class B: Global Service Fee: 1,56%
Base Currency: EUR
Valuation Date: each business day.
Business Day:
each bank business day in Luxembourg, with the exception of individual, non-statutory rest days in Luxembourg as well as days on
which exchanges in the main countries in which the Sub-Funds invest are closed or 50% or more of the Sub-Funds’ investments cannot
be adequately valued. “Non-statutory rest days” are days, on which banks and financial institutions are closed or do not transact
business during normal business hours, such as in particular on December 24th and 31st.
Dealing cut-off time:
5.00 p.m. (Luxembourg time) on the business day preceding the relevant valuation date.
Subscription charge: Up to 2% for Class A Units.
Redemption charge: None.
Switching commission: None.
Merging Sub-Fund
Living Planet Fund – Global Equity
Investment Objective and Policy:
The objective of the Sub-Fund is to achieve long-term capital growth while giving due consideration to capital security, environmental
and social criteria, as well as to the liquidity of assets. In compliance with risk diversification the Sub-Fund shall invest in equities, other
equity shares such as cooperative shares and participation certificates (equities and equity rights), dividend-right certificates and warrants
issued by companies which are active in the economic sector given in the Sub-Fund’s name. The Sub-Fund may buy or sell futures
and options on financial instruments or conduct transactions for non-hedging purposes involving options on securities.The Sub-
Fund invests worldwide in companies that have a proactive commitment to environmental and social issues and which are leaders in
their industry sector. Companies considered for inclusion in the Sub-Fund will firstly be measured on a traditional financial basis in
terms of their economic potential. Companies are subsequently measured against four sets of indicators, followed by best in class sectoral
assessment and the application of exclusions.
The 4 major steps are:
– Assessment on a financial basis of the economic potential of companies
– Measurement against 4 sets of indicators
– Best in class sectoral assessment
– Application of exclusions
Further information concerning the four sets of indicators follows:
Certifications and Codes
– External certification to
Standards such as:
– ISO 14001
– FSC (Forest Stewardship
Council)
– MSC (Marine Stewardship
Council)
– ILO (International Labour
Organization) codes of
practice
Environmental Policy
– Environmental policy
– Compliance with
environmental legislation
– Published environmental
impact statements
– EMS (Environmental
Management System)
Production Processes
– Assessment of production
processes and product life
cycles, taking into account:
– recycling
– waste minimization
– renewable energy
– energy efficiency
– water management
– emissions of greenhouse
gases
– reduction/elimination of
POPs (Persistent Organic
Pollutants) and EDCs
(Endocrine Disrupting
Chemicals)
Social indicators
– Publicly available policy on
social standards
– Equal employment
opportunity
– Community involvement
– Proper relationship with
labour, suppliers and other
stakeholders
The portfolio managers will assess the integration of environmental and social criteria into management and production processes.
They may, at their expense, engage independent external advisors to evaluate companies. The best performers by sector over time
(“best in class”) will be considered for inclusion in the Sub-Fund.
The Sub-Fund will not invest in equity or similar product of companies involved (1) in the following business activities:
– production of armaments and other military products
– production and processing of tobacco
– production of alcohol
– gambling
– production of nuclear power
– genetic engineering (2)
(1) where the revenues from these activities exceed 5% of consolidated revenues
(2) companies that use gene technology in the external environment. Furthermore the Sub-Fund can also use techniques and instruments
relating to transferable securities and money market instruments for hedging purposes as well as for efficient portfolio management.
The performance data relating to the sub-fund is indicated in the “Key Investor Information Documents”.
Investor Profile:
The Sub-Fund is suitable for long-term investors who wish to invest in capital markets and who wish to support companies which have
a proactive commitment to environmental and social issues. Investors must be able to accept substantial temporary fluctuations in the
net asset value in exchange for potentially high long-term returns. As a consequence, the Sub-Fund is suitable for investors who can
afford, in principle, to set aside their capital for a period of at least 6 years. It is designed for the investment objective of building up
capital.
Absorbing Sub Fund
Living Planet Fund – Global Environment
Investment Objective and Policy:
The objective of the Sub-Fund is to achieve long-term capital growth while giving due consideration to capital security, environmental
and social criteria, as well as to the liquidity of assets and to do this in ways that offer private and institutional investors the opportunity
to align ethical values with investment goals.
In compliance with risk diversification the Sub-Fund shall invest in equities, other equity shares such as cooperative shares and participation
certificates (equities and equity rights), dividend-right certificates and warrants issued by companies which are active in the
economic sector given in the Sub-Fund’s name.
The Sub-Fund may buy or sell futures and options on financial instruments or conduct transactions for non-hedging purposes involving
options on securities.
The Sub-Fund ‘Living Planet Fund – Global Environment’ invests globally in those companies operating in technologies associated with
the environment and considered to present investment opportunities that are likely to yield superior investment returns in the medium
to long term. The sub-fund invests in various themes whereby each theme is linked to one or more important environmental and economic
challenges, examples being climate change, use of natural resources, preservation of biodiversity and demographic trends.
The Sub-Fund’s investment focus includes corporations that are engaged in the following industry groups:
– Renewable Energy and energy efficiency
– New ecological materials
– Bio chemicals
– Environmental management systems
– Sustainable transportation
– Waste management
– Management of natural resources
When deemed appropriate the Sub-Fund will use techniques and instruments relating to transferable securities and money market
instruments for hedging purposes as well as for efficient portfolio management.
The performance data relating to the sub-fund is indicated in the “Key Investor Information Documents”.
Investor Profile:
The Sub-Fund is suitable for long-term investors who wish to invest in capital markets and who wish to support companies which have
a proactive commitment to environmental and social issues. Investors must be able to accept substantial temporary fluctuations in the
net asset value in exchange for potentially high long-term returns. As a consequence, the Sub-Fund is suitable for investors who can
afford, in principle, to set aside their capital for a period of at least 6 years. It is designed for the investment objective of building up
capital.
Share Classes and fees and expenses:
Class A: Global Service Fee: 1,90%
Class B: Global Service Fee: 1,40%
Base Currency: EUR
Valuation Date: each business day.
Business Day:
each bank business day in Luxembourg, with the exception of individual, non-statutory rest days in Luxembourg as well as days on
which exchanges in the main countries in which the Sub-Funds invest are closed or 50% or more of the Sub-Funds’ investments cannot
be adequately valued. “Non-statutory rest days” are days, on which banks and financial institutions are closed or do not transact
business during normal business hours, such as in particular on December 24th and 31st.
Dealing cut-off time:
5.00 p.m. (Luxembourg time) on the business day preceding the relevant valuation date.
Subscription charge: None.
Redemption charge: None.
Switching commission: None.