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The Timeless Energy Fund Sicav Plc (Mt0000075151): Information

A collective investment scheme organised as multi-class investment company with variable share capital under the laws of the Republic of Malta (EU) on the 31st October 2007 and licensed by the Malta Financial Services Authority under the Investment Services Act, 1994.

PROSPECTUS

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THE TIMELESS ENERGY FUND: RETURN ON EUR 10,000 INVESTMENT (MINIMUM)
Purchase Date No. of Shares Purchase Price Cost (EUR) Price Today Value Today
February, 2008 (issue price) 1'000 10.00 10'000.00    
Total 1'000 10.00 10'000.00 10.78 10'780.00
Profit         780.00
Profit (in %)         8%

SIZE NAV
EUR 2.1 MILLION WEEKLY
LOW / HIGH ISSUE COMMISSION
EUR 8.90 to 10.78 1%
REGISTGERED INVESTMENTS
MALTA (EU) LISTED ENERGY COMPANIES WORLD-WIDE

WHY ENERGY? IT'S ABOUT KEEPING THE LIGHTS ON.

Throughout history, energy has been an essential part of life - ever since our early ancestors worshiped the sun for its warmth and light mankind has been striving to "keep the lights on". The harnessing of fire, the making of candles and the discovery of the electric light bulb have been hailed as fundamental breakthroughs throughout our common history. In our modern-day world, energy is rightly seen as the life-blood of industry and modern society. We cannot live without energy and therefore it is in all our interest to ensure that we have sufficient sources to maintain our lifestyle and security.

The energy industry is facing monumental challenges to provide a world with ever more energy and yet to do it in such a way as to serve and protect environmental concerns. The regions of China, India and Southeast Asia are all set for continued growth in the coming decades whereas Europe and North America must now review their mature energy markets in order to harness a variety of other energy sources.

Investment Philosophy

As with the Timeless Precious Metal Fund, our investment decisions are always driven by our intention to generate sustainable performance and solid growth.

The Timeless Energy Fund selects equities of internationally listed companies that it believes are core holdings of a well-diversified energy portfolio across all major energy sectors. Companies are chosen based on both quantitative and qualitative analysis while also taking into consideration social and macroeconomic trends. Likewise, as energy can be sensitive to geopolitical risks, we also evaluate factors such as location and currency along with balance sheet strength, industry leadership and other key considerations.

Energy only changes form

A fundamental law of physics states that "energy is neither created nor destroyed, it only changes form". We are not alarmist in our view of the energy markets - mankind has always faced challenges to adapt and overcome and likewise mankind shall adapt a variety of energy forms as the circumstances change.

Environmental awareness coupled with technology are powerful drivers for change.

Energy: A commodity for all

Energy is a fundamental commodity for mankind and investment in this sector is near assured as a growing world will require ever more energy . It has been stated by market commentators that energy will be a huge priority for the future. The Timeless Energy Fund is dedicated to investing in this exciting growth market across the "energy mix".

Our endeavour is to offer the investor substantial growth opportunities and to take advantage of these Up-coming and exciting possibilities within ENERGY.

Energy Allocation Pie of The Timeless Energy Fund

Coal: Arch Coal Inc: one of our major holdings

With more than 130 million tons of pro forma coal sales in 2007, Arch coal provides U.S. utilities with the fuel for roughly 6% of the nation's electricity.

The price of coal has gone up from around $30 per short ton in 2000 to around $130 per short ton in 2008.

Oil: Petroleum Development Corp, one of our major holdings

Petroleum Development Corporation began operations as an oil and gas company in the Appalachian Basin in 1969. Since the beginning, the company headquarter has been located in Bridgeport, West Virginia. In its 39 years in the business, the Company has drilled wells in Ohio, Tennessee, Pennsylvania and West Virginia in the Appalachian region and continues to have producing wells in each of those states.

Management is motivated to continue growing PDC. Over the past decade, the Company has expanded operations beyond the Appalachian Basin to gain access to better and more plentiful drilling opportunities. It firmly believes that PDC's expansion is best accomplished by leveraging the strategies and expertise it cultivates through past experience as driller and producer.

The coming oil shocks won't be so short lived. They represent the onset of a new, permanent condition. Once the decline gets under way, production will drop (conservatively) by 3% per year, every year. War, terrorism, extreme weather and other "above ground" geopolitical factors will likely push the effective decline rate past 10% per year, thus cutting the total supply by 50% in 7 years.

Power Generation: Okinawa Electric Power Co Ltd, one of our major holdings

OEPC's mission is to provide clean and stable power at reasonable rates in coping with the ever growing power requirements of the region. In accomplishing this mission, the construction of power generating plants, enlargement and improvement of transmission and distribution facilities are being carried forward, with increasing vigor, with careful considerations given to environmental preservation. At the same time, OEPC is seeking to keep power supply cost as low as practicable.

Renewables: Suntech Power Holdings Co Ltd, one of our major holdings

As a global leader in solar energy, Suntech is passionately committed to delivering innovative solar energy solutions. It aims at creating a future free from global warming and fossil fuels.

Nuclear/Uranium: Cameco Corp, one of our major holdings

Cameco is the world's largest uranium producer accounting for 20% of world production from its mines in Canada and the US.

World's largest uranium producer with four operating mines in Canada and the US.

The price of uranium has increased 500% since 2000.

Service Technology: Schlumberger, one of our major holdings

Schlumberger is the leading oilfield services provider, trusted to deliver superior results and improved E&P performance for oil and gas companies around the world. Through their well site operations and in their research and engineering facilities, they are working to develop products, services and solutions that optimize customer performance in a safe and environmentally sound manner.

In an era of globalization and rapidly expanding new economies, meeting present and future global energy demand has never been more challenging. In recent years, the emergence of instant communication and just-in-time supply chains has allowed citizens of developing nations to raise their standard of living and their expectations for the future. As a consequence, pressure is on suppliers to increase energy sources needed to fuel this growth.

In an era of globalization and rapidly expanding new economies, meeting present and future global energy demand has never been more challenging. In recent years, the emergence of instant communication and just-in-time supply chains has allowed citizens of developing nations to raise their standard of living and their expectations for the future. As a consequence, pressure is on suppliers to increase energy sources needed to fuel this growth.

Fundamental Considerations

World historical and predicted populations (in millions)

Investment Philosophy

As with our sister fund, the Timeless Precious Metals Fund, investment decisions are always driven by our intention to generate sustainable performance and solid growth. Capital growth and optimal yield returns for our clients continue to be our ultimate ambition.

In the selection process we concentrate on fundamental analysis of the potential energy companies amongst all major energy sectors:

  • Fossil Fuel Energy (e.g. oil, gas, coal)
  • Renewable / Alternative Energy (wind, solar, biomass, hydro)
  • Nuclear Energy (uranium, power generation)
  • Energy Technology Solutions (key technologies)

Likewise, we also pay due attention to the timing of any investment as a key success factor.

The Timeless Energy Fund selects equities of internationally listed companies that it believes are core holdings of a well-diversified energy portfolio. In selecting the portfolio, the Timeless Energy Fund follows a very disciplined approach which includes both quantitative and qualitative analysis while also taking into consideration social and macroeconomic trends.

The Timeless Energy Fund performs diversified research into the various energy sectors and accumulates a number of candidates for each.

Thereafter a thorough screening of the companies takes place whereby those companies seen as being in key industries and which offer sustainable performance along with other solid accompanying factors are chosen. Other factors may include:

  • Location
  • Sector
  • Valuation
  • Growth
  • Profitability
  • Currency

The Timeless Energy Fund also considers company factors such as, but not limited to:

  • Balance Sheet Strength
  • Sector / Industry Leadership
  • Ownership
  • Governmental Support

We believe these are the essential criteria for ensuring as far as possible the safety and protection of our investment positions. In this respect, our license enables us to employ mainstream hedging techniques aimed at minimizing its exposure to currency fluctuations, as well as management hedging techniques aimed at reducing its exposure to sharp movements in the valuation of the underlying assets.

Our aim is to focus on a sustainable and a constantly growing performance for our investors.

 

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