Title: URL Source: https://doc.morningstar.com/document/2e559b1a3e33bcae07fab25e0ec325c7.msdoc/?clientid=ajbell&key=805803a4ca9fc338 Markdown Content: 1 KEY INVESTOR INFORMATION 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 help you compare it with other products. # CQS Natural Resources Growth and Income PLC #  CQS Natural Resources Growth and Income PLC (the “Company”) #  CQS (UK) LLP (the “PRIIP Manufacturer”) #  ISIN GB0000353929 #  Call +44 20 7201 6900 for more information #  CQS (UK) LLP is authorised and regulated by the Financial Conduct Authority #  Produced as at 31 December 2024 ## WHAT IS THIS PRODUCT? Type The Company is a UK closed-ended investment trust whose shares are traded on the London Stock Exchange. Objectives To provide shareholders with capital growth and income from a portfolio of predominately quoted mining and resource equities and mining, resource and other fixed interest securities (including convertible securities and bonds). The Company has borrowed to purchase assets for the Company. This will magnify any gains or losses made by the Company. The Ordinary Shares of the Company are bought and sold via markets. Typically, at any given time on any given day, the price you pay for a share will be higher than the price at which you could sell it. The Shares of the Company are intended for investors who are able to make an informed investment decision based on this document and the most recent Annual and Half yearly Financial Reports. Investors should understand that there is no capital guarantee or protection (100 per cent of capital is at risk). ## WHAT ARE THE RISKS AND WHAT COULD I GET IN RETURN The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets. The risk indicator assumes you keep the product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. We have classified this product as 5 out of 7, which is a medium-high risk class. This rates the potential losses from future performance at a medium-high level, and poor market conditions are likely to impact the products performance. This product does not include any protection from future market performance so you could lose some or all of your investment. Lower Risk Higher Risk Typically lower rewards Typically higher rewards 1 2 3 4 5 6 7 Investment performance information The return to the investor depends on the performance of the shares of the Company and the dividends they generate. As the shares are traded, the share price depends on both the supply and demand for the shares of the Company and the Net Asset Value of the Company. Consequently, the return to the investor may be higher or lower than the return of the Company. The return of the Company depends on: (i) a variety of macro factors, such as political, economic growth, inflation, (ii) the performance of individual investments in the resource sectors and other securities invested in by the Company, which is determined by their market value and the income they generate; and (iii) the extent to which the Company borrows money to invest. The individual securities invested in are determined by the portfolio managers, based on their views of the future performance of those securities. The Company does not have a benchmark against which performance can be compared. What could affect my return positively? Your return may be positively affected by an increase in the value of equity investments and other securities the Company is invested in as a result of good general economic conditions, or a positive outlook for resource companies. What could affect my return negatively? Your return may be negatively affected by a decrease in the value of equity investments and other securities the Company is invested in as a result of: poor general economic conditions, or a negative outlook for resource companies. In addition, if the demand for the Company’s shares, which are traded on the London Stock Exchange, is low when you sell your investment, this can result in your return on the shares being lower than the return of the Company. If you sell your investment in the Company under severely adverse market conditions, you may make a loss or a very low return on your investment. 2 ## WHAT HAPPENS IF CQS (UK) LLP IS UNABLE TO PAY OUT ? The assets of the Company are entrusted to BNP Paribas SA. If CQS (UK) LLP encounters financial difficulties these assets will not be affected. If the assets are lost and this is the fault of BNP Paribas SA (or its delegates), equivalent assets/value will be returned to the Company. If BNP Paribas Securities Services SA. (or its delegates) encounters financial difficulties, the Company could suffer a loss in some circumstances. ## WHAT ARE THE COSTS? The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account one-off, ongoing and incidental costs. The figures assume you invest £10,000. The amounts shown exclude operating costs and expenses paid by the Company on the basis that the return that you may receive will depend on the Company’s share price performance and there is no direct link between the Company’s share price and the costs that it pays. The operating costs paid by the Company (with other investing factors) can affect the share price. The costs do not include any of the costs that you may pay to your adviser and / or distributor. The figures do not take into account your personal taxation circumstances, which may also affect how much you might recover from the sale of your shares. The person advising you about this product and / or the product distributor may charge you other costs. If so, this person and / or distributor will provide you with information about these costs and show you the impact that all costs will have on your investment over time. Composition of costs The table below shows:  The impact each year of the different types of costs on the investment return you might get at the end of the recommended holding period;  The meaning of the different cost categories ## HOW LONG SHOULD I HOLD IT AND CAN I TAKE MY MONEY OUT EARLY? The shares are considered to be a medium to long-term investment and therefore the recommended holding period should be at least five years. The company is expected to continue indefinitely and does not offer shareholders the option to withdraw their money early. > Impact on return per year > One-Off costs > Entry costs None The impact of the costs you pay when entering your investment. > Exit Costs None The impact of the costs of exiting your investment. > Ongoing costs > Portfolio Transaction costs 0.00% > The costs of buying and selling of underlying investments (Transaction Costs) are incurred by the Company. You do not pay the Company nor the investment manager for Transaction Costs. For more information on these costs, please refer to the Company's Annual Report and Accounts. > Other ongoing costs 0.00% > The fees relating to the management or advisory fees are paid for by the Company. You do not pay the Company, the investment manager or other service providers fees relating to management or advisory fees. For further information on these fees, please refer to the Company's Annual Report and Accounts and the Monthly Factsheet. > Incidental costs > Performance fees None The impact of the performance fee. > Carried interests None The impact of the carried interests. KEY INVESTOR INFORMATION: CQS NATURAL RESOURCES GROWTH AND INCOME PLC Costs over time > Investment £10,000 > 1 year 3 years 5 years > Total Costs £0 £0 £0 > Impact on return (RIY) 0.0% 0.0% 0.0% 3 ## HOW CAN I COMPLAIN? As a shareholder of the Company you do not have the right to complain to the Financial Ombudsman Service (FOS) about the management of the Company. Complaints about the company or the key information document should be sent to: CQS Natural Resources Growth and Income plc, c/o Frostrow Capital LLP, 25 Southampton Buildings, London WC2A 1AL Email: cosec@frostrow ## OTHER RELEVANT INFORMATION The cost, performance and risk calculations included in this KID follow the methodology prescribed by EU rules. The investor information document required under AIFMD provides you with key information about the product which you are advised to read so you can make an informed decision about whether to invest. This document together with the Annual and Half-Yearly Financial Reports, Company Announcements and other information is available on www.ncim.co.uk.