Brava is a strategy provider to London and Eastern LLP. Pelican AM is a trading name of London & Eastern LLP, whose office address is: c/o Pelican Exchange Ltd, London, SE1 8ND. Company number OC345870. Authorised and regulated by the Financial Conduct Authority (FCA) FRN: 534484 The investment services and products described are directed to “Professional” and “retail” clients only, as defined by the FCA. If you are in any doubt as to your client classification you should seek independent advice. The information provided should not be considered a recommendation or solicitation to purchase. RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. All stats are based on trading performance of a 12 month period. Fund performance fees have not been included in the returns of the fund. In addition, please be aware that London and Eastern LLP receive a volume based rebate via a mark up on the spread. Definitions: Performance Fee - A payment made to an L&E LLP on the fund generating positive returns. Performance fees are only triggered when the high water mark is surpassed. High Water Mark - The highest value of a fund over a given period. If the fund falls from that high, a performance fee isn't incurred. AUM - Assets under management.