Title: URL Source: https://doc.morningstar.com/document/b4a72defe82c57e23978e170eea5210a.msdoc/?clientid=ajbell&key=805803a4ca9fc338 Markdown Content: Global Opportunties Trust KEY INFORMATION DOCUMENT Page 1 of 3 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, cost, potential gains and losses of this product and help you compare it with other products. Product Product Name: Global Opportunities Trust plc ISIN: GB0033862573 Website: https://globalopportunitiestrust.com / PRIIP Manufacturer Name: Juniper Partners Limited Telephone: +44 (0) 131 378 0500 Regulator: Financial Conduct Authority Date of document production: 6 June 2024 What is this product? Type Global Opportunities Trust plc (the Company) is registered as a public limited company. The Company is self-managed and is a closed ended investment company within the terms of section 833 of the Companies Act 2006. The Company’s ordinary shares (‘shares’) are listed on the premium segment of the Official List of the UK Listing Authority and traded on the main market of the London Stock Exchange (ticker symbol: GOT). Investment objective The Company’s investment objective is to provide shareholders with an attractive real long-term total return by investing globally in undervalued asset classes. The portfolio is managed without reference to the composition of any stock market index. Borrowings The Company may borrow for investment purposes up to the equivalent of 25% of its total assets. Making use of this ability to borrow could magnify any gains or losses made by the Company. Intended retail investor Investors with no specific financial expertise seeking capital growth over the long term, by investing in global equities. Financial experience is not considered a necessity. However, investors must at least understand a product where capital is at risk and have the capacity to bear losses (possibly total) on their original investment, accepting risk to their capital. The product may be suitable as a component of a portfolio and for investors who are looking to set aside their capital for the long term (at least five years), though shares may be sold on a daily basis. What are the risks and what could I get in return? Risk Indicator Lower risk 1 2 3 4 5 6 7 Higher risk 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. You may not be able to sell your investment easily or you may have to sell at a price that significantly impacts on how much you get back. 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. 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. However, the summary risk indicator only reflects historic share price volatility of the Company’s shares. It excludes other risks inherent in the product and, therefore, does not show the full risk to the investor. Capital may be at risk as the value of investments may go down as well as up and there can be no guarantee that investors will get back the amount originally invested. Past performance is not a guide to future performance. This product does not include any protection from future market performance so you could lose some or all of your investment. Global Opportunties Trust KEY INFORMATION DOCUMENT Page 2 of 3 Performance Information Main factors which could influence your return • The Company’s investment objective The Company’s investment objective is to provide shareholders with an attractive real long-term total return by investing globally in undervalued asset classes. The portfolio is managed without reference to the composition of any stock market index. • The Company’s investment approach The manager typically runs a high conviction equity portfolio that is unconstrained by geography, sector or market capitalisation. The manager specialises in a distinctive method of investing that prioritises the avoidance of capital losses. • Portfolio concentration The portfolio will typically comprise between 20 and 30 individual holdings. • Use of gearing The Company has the ability to gear (borrow money) to take advantage of opportunities in the market. • The level and volatility of discount/premium The level of premium/discount of the Company’s shares will fluctuate in accordance with market conditions, exchange rates and supply and demand for its shares. • The level of costs The Company’s costs are detailed below. The main cost is the fee paid to the manager which is linked to the underlying net asset value of the Company. Administration costs are relatively stable. • Economic and market conditions Broader economic and market conditions will have an impact on the performance of the Company’s portfolio. The manager invests in high quality companies and prioritises the avoidance of permanent capital losses. Benchmark The Company has no stated benchmark index. What could affect your return positively • Strong global equity markets • Good stock selection What could affect your return negatively • Weak global equity markets • Poor stock selection Outcome under severely adverse market conditions In severely adverse market conditions the value of the Company’s shares could reduce significantly. The Company’s shares are traded on the London Stock Exchange and their value is dependent on their traded price. What happens if the Company is unable to pay out? Any default by the Company would have a material impact on the value of your shares. The Company’s shares are traded on the London Stock Exchange. Therefore, as a shareholder of the Company you would not be able to make a claim to the Financial Services Compensation Scheme in the event that the Company is unable to pay out. A default by the Company or any of the underlying holdings could affect the value of your investment. 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 amounts shown here are the cumulative costs of the product itself, for three different holding periods. They include potential early exit penalties. The figures assume you invest £10,000. The figures are estimates and may change in the future. KEY INFORMATION DOCUMENT Page 3 of 3 # Global Opportunties Trust Costs over time The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs, and the impact that all costs will have on your investment over time. Depending on how you buy these shares you may incur other costs, including broker commission, platform fees and Stamp Duty. The distributor will provide you with additional documents where necessary. > Investment £10,000 Scenarios If you cash in after 1 year If you cash in after 5 years Total costs £96 £479 Impact on return (RIY) per year 0.96% 0.96% 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; and • the meaning of the different cost categories. This table shows the impact on return per year One-off costs Entry costs 0.00% The impact on the costs you pay when entering your investment. Exit costs 0.00% The impact of the costs of exiting your investment when it matures. Ongoing costs Portfolio transaction costs 0.06% The impact of the costs of us buying and selling underlying investments for the product. Other ongoing costs 0.90% The impact of the expenses necessarily incurred in the operation of the Company. This includes administration costs ( 0.57 %), the annual management fee paid to the investment manager ( 0.14 %) and look through fund costs (0.17%). Incidental costs Performance fees N/A The impact of performance fees on your investment. Carried interests N/A The impact of carried interests on your investments. How long should I hold it and can I take money out early? Recommended holding period: 5 years There is no minimum or maximum holding period for the shares. However, the shares should be considered a medium to long- term investment. The shares can be bought and sold on the London Stock Exchange when the market is open. Dealing charges and taxes may be incurred on transactions. There is no guarantee of any appreciation in the value of the Company’s shares and investors may not get back the full value of their investments. The value of the shares and the income derived from them (if any) may go down as well as up. How can I complain? As a shareholder of the Company you do not have a right to complain to the Financial Ombudsman Service (FOS) about the management of the Company. Complaints about the Company or the Key Information Document can be sent to the Company Secretary by email, telephone or post: Email: cosec@junipartners.com Telephone: +44 (0) 131 378 0500 Post: Juniper Partners Limited, 28 Walker Street, Edinburgh EH3 7HR, United Kingdom. Other relevant information As stated in the section ‘What are the risks and what could I get in return?’ the scenarios of estimated future performance are based on evidence from the past on how the value of this investment varies and are not an exact indicator of future performance. The scenarios are calculated on historical performance figures based on the last 5 years when markets have been particularly strong and might not be replicated in the future. When there has been steady and consistent growth over the relevant period of time it can make the performance scenarios look overly optimistic; past performance is not a guide to future performance and future returns could be significantly worse than shown. The cost and risk calculations included in this Key Information Document follow the methodology prescribed by FCA rules. The person advising on or selling the product may have to provide you with additional information as required by their financial regulator or national law. Further information on the Company is available within the Annual and Half-Yearly Reports which can be accessed on the Company’s website at https://globalopportunitiestrust.com /. This Key Information Document (and any updates thereafter) is available on the Company’s website at https://globalopportunitiestrust.com /. If you are in any doubt about any action you may be considering taking, you should seek independent financial advice.