Title: URL Source: https://doc.morningstar.com/document/3cd3f1150e4a83b936dba81bead99eb5.msdoc/?clientid=ajbell&key=805803a4ca9fc338 Markdown Content: UK Retail Investor Information Document Purpose There is no requirement for investors to receive a regulated Key Information Document before buying the shares referred to herein . As an alternative, this document provides you with important information about these shares. It provides factual information and is not marketing material. It helps you understand the nature, risks, costs, potential gains and losses of these shares and to help you compare it with other products. Other docume nts are available to help you understand the potential gains and losses of t hese shares . # Chrysalis Investments Limited (GG00BGJYPP46) http://chrysalisinvestments.co.uk Call +44 (0)1481 231 852 for more information This document was published on 13.02. 2025 You are about to purchase a product that is not simple and may be difficult to understand. # What is this product? Type Ordinary shares in a closed -ended investment company incorporated in Guernsey. Save for payments of dividends made in accordance with its dividend policy , returns made in accordance with the Company's capital allocation policy from time to time or other returns (e.g., on a winding up), the Company is not expecting to pay you and you are expected to generate returns through selling your shares through a bank or stockbroker. Shares of the Company are bought and sold via the Main Market of the London Stoc k Exchange . 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. Objectives The Company's investment objective is to provide shareholders with long -term capital growth, through investing in a portfolio consisting primarily of equity or equity related investments in unquoted companies. The Company may borrow to purchase assets from time to time. This will magnify any gains or losses made by the Company. Intended retail investor The ordinary shares are traded on the Main Market of the London Stock Exchange and as such are intended for investors who understand and are willing to assume the potential risks of capital loss and that understand that there may be limited liquidity in the underlying assets of the Company. Term The ordinary shares have no maturity date. # What are the risks and what could I get in # return? # Risk Indicator # 1 2 3 4 5 6 7 Lower risk 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 shares 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 6 out of 7 on the basis of the methodology provided in the UK PRIIPs Regulation , which is the second -highest risk class on that scale . This rates the potential losses from future performance at a high level, and poor market conditions are very likely to impact your returns . The whole amount of your invested capital in the Company is at risk and there can be no guarantee that you will get back any or all of the amount invested on a sale of shares in the Company. This product does not include any protection from future market performance . The price at which shares in the Company are sold in the market has not historically tracked the Company's net asset value per share. # Investment performance information The main factors that will affect the performance of the Company’s shares are : > • the performance of the unquoted companies within the portfolio ; > • the ability of the Company's i nvestment adviser , Chrysalis Investment Partners LLP (the " Investment Adviser ") when identifying and selecting investment opportunities, when managing the day -to -day affairs of the Company, and when realising investments ; and > • the stock market’s perception and other market and economic factors that may affect the price of the Company’s shares . To assess the long -term performance characteristics of the Company, we have backfilled the Company’s total return history with the total returns of a blend of equity indices that reflect the Company’s asset allocation on 30 June 2023. The representative per formance proxy has a daily price history dating back to 1 January 2001. However, there are differences between the proxy and the Company in relation to portfolio market capitalisation, and the proxy may not capture the larger individual concentrations that the Company has within the portfolio due to the portfolio companies being unquoted. The volatility of the Company’s share price will vary. Since trading began in November 2018, the Company’s shares have had an average one -year return of 5.1% per annum and an average one -year volatility of 47.4% per annum over all one -year rolling periods from the daily total returns data, and, during periods of stress, the one -year volatility temporarily increased to 66.0%. Please note, this volatility figure is relatively high so returns will likely fluctuate regularly. What could happen in severely adverse market conditions? From September 2021 to Mar 2023, the Company experienced a loss of 81.9% of its shareholder value. Under severely adverse market conditions, there is a risk that the capital value of an investment in the Company’s shares could reduce significantly, potentially down to zero. What could affect my return positively? Specific factors that affect returns positively would be the good selection and risk management of underlying investments in the portfolio and realising investments on beneficial terms. A broad factor that could contribute to positive returns would be a p rolonged period of favourable market conditions, both in the UK and globally, as this could broaden the supply of suitable equity or equity -related investments that may generate positive returns and could improve the valuations of the portfolio holdings. In addition, broader improvements in the valuation of the UK and global Banking, Financials and Technology sectors will likely increase returns since 67% of the Company’s portfolio wa s exposed to these sectors as of 31 December 2024. What could affect my return negatively? Specific factors that affect returns negatively would be poor performance and risk management of underlying investments, a failure or delay to realise an investment which may restrict the Investment Adviser from making other investments or require the sale of other more liquid investments, and the Investment Adviser being unsuccessful in implementing the Company’s investment objectives. Poor market conditions or increased competition for investments may delay or prevent the Company from making appropriate investments which may worsen returns. In addition, a decrease in valuations of UK and global Banking, Financials and Technology sectors will likely affect returns negatively due to the portfolio’s high exposures to these sectors. Finally, a worsening of the stock market’s perception may lower the Company’s share price and returns. The Company’s most unfavourable one - year shareholde r return was -78.6%; and over longer periods the proxy had a least favourable five -year rolling return of -11.6% per year. What are the costs? This disclosure has been prepared with reference to the Financial Conduct Authority’s Statement on forbearance in relation to investment company disclosure requirements dated 19 September 2024. It does not seek to comply with the requirements of the UK PRIIPS Regulation in this regard. Costs taken from the Company over the course of a year The ongoing charges ratio (" OCR ") set out below covers all aspects of operating the Company during the financial year including the management fee and all other operating expenses and excluding interest charges on any borrowing and any performance fee payable. The OCR is expresse d as a percentage of the average daily net assets during the year. The OCR is based on historical information and provides shareholders with an indication of the regular costs that will be incurred by the Company in the future. YE 30 September 2024 YE 30 September 2023 YE 30 September 2022 Ongoing charges ratio 0.72 % 0.78 % 0.81 % Direct costs taken from you 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. As the Company's shares are traded on a secondary market, the costs of the Company do not have a direct and equivalent impact on the value of your investment, which is determined by the secondary market price. This table shows the impact of charges payable by you to the Company or third parties on the value of your investment . # How long should I hold it and can I take my money out early? Recommended holding period: 5 Years Listed funds are designed to be long term investments and the returns from them can be volatile during their life. You should plan to hold your shares for at least a five year investment horizon . As the Company's shares are listed on the London Stock Exchange, you can expect to sell them at any time through your bank or stockbroker. # 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 man agement of the Company. If you have any complaints about the Company, you may lodge your complaint: · via our website http://chrysalisinvestments.co.uk · in writing to IQ EQ Fund Services (Guernsey) Limited, Fourth Floor, Plaza House, Admiral Park, St Peter Port, Guernsey GY1 2HU . One -off costs Entry costs 0.00% (see comment) No entry costs are payable by you to the Company when you acquire shares, but your broker may charge you to buy shares. Exit costs 0.00% (see comment) No exit costs are payable by you to the Company when you dispose of shares, but your broker may charge you to sell shares . Ongoing costs Portfolio transaction costs 0.00% (see comment) No portfolio transaction costs, relating to the buying and selling of underlying investments, are payable by you to the Company. You should be aware that portfolio transaction costs may be incurred by the Company and are included in the OCR figures quoted above. Other ongoing costs 0.00% (see comment) No management, advisory or other ongoing fees are payable by you to the Company, the Investment Adviser or other service providers. You should be aware that ongoing costs are incurred by the Company and are included in the OCR figures quoted above. Incidental costs Performance fees 0.00% (see comment) No performance fees are payable by you to the Company, the I nvestment Adviser or other service providers. You should be aware that a performance fee is potentially payable by the Company to its Investment Adviser. The sum of any performance fee shall be equal to 12.5 per cent. of the amount by which the Company's adjusted net asset value at the end of a calculation period exceeds the higher of: (i) the performance hurdle; and (ii) a high water mark. The last performance fee was payable for the period ended 30 September 2021, at which time the NAV per share was 251.96 pence. A full description of the terms of the performance fee arrangements can be found in the "Key Documents " section of the Investor Relations page on the Company's website at https://chrysalisinvestments.co.uk/investor - relations/#key -documents . Carried interests 0.00% No carried interest payments are payable by you to the Company or the I nvestment Adviser. Other relevant information We are required to provide you with further documentation, such as the Company's annual and semi -annual reports. In particular, investors should have regard to the risk factors set out in the Company's most recent annual report . These documents and other information relating to the Company are available online at www.chrysalisinvestments.co.uk Past performance is not indicative of future performance.