Below is a list of terminology often used by Newscape Funds in our advertising materials. Definitions reflect how Newscape Funds generally intends to utilize such terminology and are provided for informational purposes.

Active Share is a statistic used to measure the percentage of the portfolio that differs from the benchmark index, with 100% implying no overlap with the benchmark and 0% implying total overlap.

The compound annual growth rate (CAGR) is the rate of return (RoR) that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested at the end of each period of the investment’s life span.

Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Earnings before interest, taxes, and amortization (EBITA) is a measure of company profitability.

Earnings Per Share (EPS) is a company’s net profit divided by the number of common shares it has outstanding.

Fiscal Year (FY) and Calendar Year (CY) generally when Newscape Funds (Ireland) ICAV refers to FY it is the 12 months ending June 30 or is specific to a separate entities FY or is otherwise specified. When referring to CY this is the 12 month period ending December 31.

The goods and services tax (GST) is a value-added tax (VAT) levied on most goods and services sold for domestic consumption.

Gross Domestic Product (GDP) is a monetary measure of the market value of the final goods and services produced and sold in a specific time period by a country or countries.

The internal rate of return (IRR) is a metric used to estimate the profitability of potential investments.

The term mergers and acquisitions (M&A) refers to the consolidation of companies or their major business assets through financial transactions between companies.

A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.

OPEC+ is a group of 23 oil-exporting countries which meets regularly to decide how much crude oil to sell on the world market. At the core of this group are the 13 members of OPEC (the Organization of the Oil Exporting Countries).

A P/E ratio (P/E) takes the stock price divided by the company’s earnings per share for a designated period and conveys how much investors will pay per share for $1 of earnings.

The price-to-book (P/B) ratio measures the market’s valuation of a company relative to its book value.

Profit and loss (P&L) statement is one of the three types of financial statements prepared by companies.

Real Estate Investment Trusts (REIT)

Return on invested capital (ROIC) is a calculation used to assess a company’s efficiency in allocating capital to profitable investments.

The rate of return (ROR) is the net gain or loss of an investment over a specified time period, expressed as a percentage of the investment’s initial cost.

Special Purpose Acquisition Company (SPAC) is a company without commercial operations and is formed to raise capital through an initial public offering for the purpose of acquiring or merging with an existing company.

Intended Audience:

Newscape Funds’s advertising materials (including this website) are intended for institutional and other qualified investors only. This includes such audiences as companies or organizations that invest or manage money on behalf of others, pension or superannuation plans, profit-sharing plans, foundations, endowments or charities, family offices, government or municipal funds, qualified purchasers, accredited investors, consultants or databases where the underlying recipients are listed here, or any other entity that would reasonably share characteristics with these audiences.