Magallanes Value Investors UCITS Iberian Equity Fund

The Sub-fund’s objective is to deliver high performance in both absolute and relative term over the long term horizon. There can be no assurance that the investment objective will be achieved. To achieve this, the Sub-fund will mainly invest in a select portfolio of Transferable Securities (including equity related securities such as ADRs and GDRs) of companies which are domiciled in Spain or in Portugal.