Download - Josiah Fisk - Clear beyond words
![Page 1: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/1.jpg)
Clear Beyond WordsVisual Thinking And Why You Can’t Communicate Without It
Plain Talk in Complex Times, Arlington VA September 7, 2012
Josiah Fisk President, More Carrot LLC Boston
![Page 2: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/2.jpg)
What Do We Mean By “Visual”?
![Page 3: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/3.jpg)
![Page 4: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/4.jpg)
![Page 5: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/5.jpg)
![Page 6: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/6.jpg)
![Page 7: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/7.jpg)
7.5 Peer Assisted Networking Technology.
![Page 8: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/8.jpg)
7.5 Beer Assisted Networking Technology.
![Page 9: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/9.jpg)
7.5 Peer-Assisted Networking Technology.
![Page 10: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/10.jpg)
![Page 11: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/11.jpg)
BPVisual Difference
Intuitive
![Page 12: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/12.jpg)
BPConceptual Difference
Learned
![Page 13: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/13.jpg)
Image
P
![Page 14: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/14.jpg)
Letter
P
![Page 15: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/15.jpg)
Image
P:-
![Page 16: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/16.jpg)
Some Intuitive Things
![Page 17: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/17.jpg)
Groupings
Relative size
![Page 18: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/18.jpg)
Similarity
![Page 19: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/19.jpg)
Difference
![Page 20: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/20.jpg)
Hierarchy
![Page 21: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/21.jpg)
Singularity
![Page 22: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/22.jpg)
Ambiguity
![Page 23: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/23.jpg)
Shape Completion
![Page 24: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/24.jpg)
The Tyranny of the Visual — I
Cue The President
![Page 25: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/25.jpg)
![Page 26: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/26.jpg)
![Page 27: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/27.jpg)
Palm Beach County, Florida November 7, 2000
![Page 28: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/28.jpg)
![Page 29: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/29.jpg)
![Page 30: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/30.jpg)
No punch hole
![Page 31: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/31.jpg)
![Page 32: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/32.jpg)
![Page 33: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/33.jpg)
Reform Party
![Page 34: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/34.jpg)
![Page 35: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/35.jpg)
![Page 36: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/36.jpg)
![Page 37: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/37.jpg)
?
![Page 38: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/38.jpg)
![Page 39: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/39.jpg)
![Page 40: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/40.jpg)
Over 3 times more Reform Party votes than next-highest Florida county.
Over 19,000 ballots disqualified for double votes.
Election decided by 537 votes.
. . . or by one person who didn’t understand the power of the visual.
Source: New York Times, various issues, 2000
![Page 41: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/41.jpg)
The Tyranny of the Visual — II
It’s The Blue Spray Can
![Page 42: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/42.jpg)
Laundry starch
![Page 43: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/43.jpg)
Oven cleaner
![Page 44: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/44.jpg)
Same type of container
Same color
Same font
Virtually identical names
Yellow block letters
Yellow starburst
Description very small
![Page 45: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/45.jpg)
![Page 46: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/46.jpg)
The Tyranny of the Visual — III
It’s OK, Nobody Died
![Page 47: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/47.jpg)
Paralyzing drug used in surgery.
Drug that reverses paralyzing drug: same container type, same cap and label color, same drawer.
Five of six surgeons at Denver hospital gave the wrong drug at least once.
?
?
![Page 48: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/48.jpg)
Switched to color- coded containers.
Put each drug in a different drawer.
No further problems reported.
Source: New York Times, 5 Dec 1999
![Page 49: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/49.jpg)
The Tyranny of the Visual — IV
Actually, It Is Rocket Science
![Page 50: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/50.jpg)
Facts that cast doubt on wisdom of launch
Recom-mendation
to launch
Would You Launch The Challenger?
![Page 51: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/51.jpg)
Source: Edward Tufte, Visual Explanations
Would You Launch The Challenger?
![Page 52: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/52.jpg)
Forecast temperatures on launch day
12
8
4
0250
O-r
ing
dam
age
ind
ex
Temperature (oF) of joints
300 350 400 450 500 550 600 650 700 750 800 850
Would You Launch The Challenger?
![Page 53: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/53.jpg)
Putting the Visual to Work
Street Smarts
![Page 54: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/54.jpg)
Manhattan Street Vendor
![Page 55: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/55.jpg)
Manhattan Street Vendor Regulations
![Page 56: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/56.jpg)
Source: candychang.com
![Page 57: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/57.jpg)
![Page 58: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/58.jpg)
![Page 59: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/59.jpg)
Title
![Page 60: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/60.jpg)
Introduction
![Page 61: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/61.jpg)
Four topic sections
![Page 62: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/62.jpg)
![Page 63: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/63.jpg)
![Page 64: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/64.jpg)
![Page 65: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/65.jpg)
Demonstrations — I
We Excel At Bad Visual Cues
![Page 66: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/66.jpg)
Actual menu, Microsoft Excel
![Page 67: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/67.jpg)
![Page 68: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/68.jpg)
![Page 69: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/69.jpg)
![Page 70: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/70.jpg)
![Page 71: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/71.jpg)
![Page 72: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/72.jpg)
![Page 73: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/73.jpg)
![Page 74: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/74.jpg)
Demonstrations — II
Roadside Assistance
![Page 75: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/75.jpg)
![Page 76: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/76.jpg)
![Page 77: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/77.jpg)
![Page 78: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/78.jpg)
![Page 79: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/79.jpg)
![Page 80: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/80.jpg)
![Page 81: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/81.jpg)
![Page 82: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/82.jpg)
![Page 83: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/83.jpg)
![Page 84: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/84.jpg)
![Page 85: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/85.jpg)
![Page 86: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/86.jpg)
![Page 87: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/87.jpg)
![Page 88: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/88.jpg)
![Page 89: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/89.jpg)
![Page 90: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/90.jpg)
![Page 91: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/91.jpg)
Demonstrations — III
Here’s Looking At You, KIID
![Page 92: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/92.jpg)
Content and order prescribed
2 pages, plain language
Required in 2012 of all EU mutual funds
Key Investor Information Document (KIID)
![Page 93: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/93.jpg)
Key Investor InformationThis document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.Selectum Belgium Fund A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class R Retail LU0652588970 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium Objectives and Investment Policy The Sub-Fund has as its objective to offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equi-ties from issuers in Belgium. Equities are securities that represent a share in the business results of a company.The Sub-Fund may use derivatives for efficient portfolio management or for hedging. Derivatives are financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks. The Investment Manager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.The Sub-Fund is designed for investors who intend to invest for at least 5 - 7 years.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
![Page 94: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/94.jpg)
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.Selectum Belgium Fund A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class R Retail LU0652588970 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium Objectives and Investment Policy The Sub-Fund has as its objective to offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equi-ties from issuers in Belgium. Equities are securities that represent a share in the business results of a company.The Sub-Fund may use derivatives for efficient portfolio management or for hedging. Derivatives are financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks. The Investment Manager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.The Sub-Fund is designed for investors who intend to invest for at least 5 - 7 years.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
![Page 95: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/95.jpg)
Selectum Belgium Fund A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class R Retail LU0652588970 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium Objectives and Investment Policy The Sub-Fund has as its objective to offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equi-ties from issuers in Belgium. Equities are securities that represent a share in the business results of a company.The Sub-Fund may use derivatives for efficient portfolio management or for hedging. Derivatives are financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks. The Investment Manager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.The Sub-Fund is designed for investors who intend to invest for at least 5 - 7 years.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
![Page 96: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/96.jpg)
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class R Retail LU0652588970 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium Objectives and Investment Policy The Sub-Fund has as its objective to offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equi-ties from issuers in Belgium. Equities are securities that represent a share in the business results of a company.The Sub-Fund may use derivatives for efficient portfolio management or for hedging. Derivatives are financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks. The Investment Manager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.The Sub-Fund is designed for investors who intend to invest for at least 5 - 7 years.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
![Page 97: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/97.jpg)
Objectives and Investment Policy The Sub-Fund has as its objective to offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equi-ties from issuers in Belgium. Equities are securities that represent a share in the business results of a company.The Sub-Fund may use derivatives for efficient portfolio management or for hedging. Derivatives are financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks. The Investment Manager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.The Sub-Fund is designed for investors who intend to invest for at least 5 - 7 years.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
![Page 98: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/98.jpg)
The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equi-ties from issuers in Belgium. Equities are securities that represent a share in the business results of a company.The Sub-Fund may use derivatives for efficient portfolio management or for hedging. Derivatives are financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks. The Investment Manager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.The Sub-Fund is designed for investors who intend to invest for at least 5 - 7 years.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
![Page 99: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/99.jpg)
Equities are securities that represent a share in the business results of a company. Derivatives are financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks. The Investment Manager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.The Sub-Fund is designed for investors who intend to invest for at least 5 - 7 years.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
![Page 100: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/100.jpg)
The Sub-Fund is designed for investors who intend to invest for at least 5 - 7 years.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
Equities are securities that represent a share in the business results of a company. Derivatives are financial in-struments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks.
![Page 101: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/101.jpg)
.The reference currency of the Sub-Fund is EUR.Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
Equities are securities that represent a share in the business results of a company. Derivatives are financial in-struments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks.
![Page 102: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/102.jpg)
.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
Equities are securities that represent a share in the business results of a company. Derivatives are financial in-struments whose value is linked to one or more rates, indexes, share prices or other values. Hedging means seeking to reduce or cancel out exposure to various investment risks.
![Page 103: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/103.jpg)
.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
![Page 104: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/104.jpg)
1 of 2Key Investor Information Selectum Belgium Fund Class F Founder
Key Investor Information 28 September 2011
Objectives and Investment Policy Objective To offer shareholders a maximum increase in their investment over the medium term (5 - 7 years).
Portfolio Securities The Investment Manager anticipates that under normal market conditions the Sub-Fund will mainly invest in a broad mix of equities from issuers in Belgium. The Sub-Fund may use derivatives for efficient portfolio management or for hedging.
Investment Process The Investment Man ager performs inten sive research on individual companies, focusing on their fundamental qualities and their potential to increase cash flows. The Investment Manager uses a vigorous and ongoing process of analysis that includes research as well as inter views with senior management.
Designed For Investors who understand the risks of the Sub-Fund and intend to invest for at least 5 - 7 years.
Reference Currency EUR
Terms to UnderstandEquities Securities that represent a share in the business results of a company.
Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values.
Hedging Seeking to reduce or cancel out exposure to various investment risks.
Orders to buy or sell Sub-Fund shares are processed every Luxembourg business day.
The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).
Risk and Reward Profile
1 2 3 4 5 6 7
Lower potential risk/reward Not risk-free.
Higher potential risk/reward
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than what you paid for them. If your currency as an investor is different from the subscription currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The risk/reward rating above is an estimate; it is not guaranteed. The rating is based on medium-term volatility (variations in the Fund’s share price over a recent period, generally several years). Going forward, the Sub-Fund’s actual volatility could be lower or higher, and its rated risk/reward level may be changed.
The Sub-Fund’s risk level reflects the following factor:
• The Sub-Fund invests in stocks, which in general are riskier than bonds or money market instruments.
The rating does not reflect the possible effects of unusual mar-ket conditions or large unpredictable events, which could amplify everyday risks and could trigger other risks, such as:
Counterparty risk The Sub-Fund could lose money if an entity with which it does business becomes unwilling or unable to honor its commitments to the Sub-Fund.
Derivatives risk Certain derivatives could increase Sub-Fund volatility or expose the Sub-Fund to losses greater than the cost of the derivative.
Liquidity risk Certain securities could become hard to value, or to sell at a desired time and price.
Management risk Portfolio management techniques that have worked well in normal market conditions could prove ineffective or detrimental during unusual conditions.
A Sub-Fund of SELECTUM STOCK PICKING FUND SICAV Class F Founder LU0652589275 Sub-Fund managed by: SELECTUM Vermogensbeheer N.V. – Belgium
This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest.
Selectum Belgium Fund
![Page 105: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/105.jpg)
Conclusion
![Page 106: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/106.jpg)
% of US adults with proficient health literacy
12
![Page 107: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/107.jpg)
% of “US adults” with “proficient health literacy” (according to one study 10 years ago)
12
![Page 108: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/108.jpg)
Whatever the actual number, we need every tool we’ve got.
![Page 109: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/109.jpg)
![Page 110: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/110.jpg)
Questions?
![Page 111: Josiah Fisk - Clear beyond words](https://reader034.vdocument.in/reader034/viewer/2022050905/54b852af4a795966468b4728/html5/thumbnails/111.jpg)
less stick