Fortress International Equity Fund

Objective and Fund Details

Who should invest in this fund?

Investors with US$100,000+ seeking long term returns through full exposure to non-US, International based equities.

This Fund is offered by prospectus only. It may not be sold to US persons.

What does this fund invest in?

The Fortress International Equity Fund aims to achieve long term returns while minimizing risk exposure and significant price volatility by investing in approximately 30, non-US, International, value-type equities. There is no short selling nor any use of leverage.

Fund Strategy

The Fund uses a value approach to invest consistently in a portfolio of high quality, reasonably priced shares of public companies in non-US, International countries. The fund aims to invest in stocks that offer the best value in the market through ongoing exposure to the earnings engine and dividend payments across a range of currencies. The fund aims to limit risk through diversifying equal weighted portfolio holdings across geography, currency and industry.

What happens when you invest in this fund?

The Fund has bi-monthly dealing. At the middle and end of the month, a valuation of the market value of the Fund’s investments, and a net asset value (NAV) per share is calculated and published on our website. Investors may purchase shares of the Fund (invest) at any time for that week’s NAV. Similarly, if you are selling shares (redeeming), you would do so at that period’s NAV and you would receive payment the following week.

The Fund provides quarterly and annual reports to investors, detailing Fund performance and positioning of the investment portfolio. Statements reflecting the number of shares you hold, the net asset value per share and current market value, are made available to shareholders quarterly.

How much does it cost to invest in this fund?

Minimum investments:

Initial investment: USD $100,000
For subsequent investments: $10,000

Fees and expenses paid by the Fund (Quoted returns are net of these fees.):

Manager: 1.00% per annum of net assets
Administrator: 0.10% per annum of net assets

Investor Redemption Charge:

Within 6 months of purchase: 2%
All other times: 0.02%