Funds and prices

Overview

A global equity strategy seeking performance by exploiting what the managers believe are mispriced stocks. 'Short' positions (benefit from an expected fall) are taken in stocks considered over-valued and 'long' positions (benefit from an expected rise) are taken in stocks considered under-valued. The search for mispriced stocks covers developed and emerging markets.

The 'gross exposure' (total of 'longs' and 'shorts') indicates total exposure to markets and is typically 125 to 200% of capital.

The 'net exposure' ('longs' less 'shorts') is a measure of the Fund's exposure to market change and is typically 20 to 40%.

Benefits

An investment strategy that aims to produce returns driven by stock selection while achieving some downside protection in declining equity markets.

Maximising opportunities from unique and uncorrelated sources of performance.

The Fund offers daily liquidity.

Risks

The Fund delivers both long and short exposure to equities, in order to reduce the volatility of the portfolio relative to a common long only fund. Despite the expected reduction in volatility, the Fund can still be subject to high fluctuations in value. As the fund uses derivatives & sophisticated leverage techniques, investors must be willing to bear the additional risk involved. Other risks include counterparty, operational and currency risk although portfolio positions are hedged back to the Fund's EUR base currency unless stated otherwise. GBP hedged share classes aim to mitigate fluctuations in the GBP/EUR exchange rate for GBP based investors.

Features

Product category
Alternative
Product domicile
Ireland
Portfolio management
蜜豆视频 Asset Management (UK) Ltd., London
Fund management
蜜豆视频 Fund Management (Ireland) Limited, Dublin 2
Custodian bank
J.P. Morgan Bank (Ireland) Plc
Representative for products established under foreign law
蜜豆视频 Fund Management (Switzerland) AG
Day of inception
January 30, 2014
Currency of account
EUR
Close of financial year
September 30
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Flat fee
0.83% p.a.
Performance fee
20.00%
Management fee
0.65% p.a.
Total expense ratio (TER)
1.82% p.a.
Minimum investment
n.a.
Securities no.
23181328
ISIN
IE00BHBXMW22
Bloomberg Ticker
UIA1PFE ID

Performance and Prices

Percentage growth

as of April 2, 2024
Cumulative
EUR(%) CHF(%) USD(%)
YTD 6.04 11.28 3.35
1M
3M
6M
1Y
2Y 4.53 -1.57 8.20
3Y
5Y 41.60 23.63 36.23
ø p.a.5Y 7.20 4.33 6.38

Current data
Net asset value 02.04.2024 EUR 161.10
High - last 12 months 28.03.2024 EUR 161.16
Low - last 12 months 05.04.2023 EUR 147.58
Assets of the unit class in mn 02.04.2024 EUR 22.22
Total product assets in mn 02.04.2024 EUR 352.58

Structures

10 largest positions long (in %) (in %, as of February 29, 2024)

 
 
Lyft 2.18
Amazon.com 2.01
IAC 1.95
Nec 1.90
UnitedHealth 1.89
Danone 1.67
BAWAG Group 1.47
California Resources 1.13
Drax Group 0.98
Shin-Etsu Chemical 0.75

Fees

Flat fee
0.8300%
Management fee p.a.
0.6500%
Performance Fee
20.0000%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Germany
蜜豆视频 Europe SE
Ireland
MUFG Alternative Fund Services (Ireland) Limited
Switzerland
蜜豆视频 Fund Management (Switzerland) AG
United Kingdom
蜜豆视频 Asset Management (UK) Limited

Literature

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Brochures
Document type
Document Language
Fact Sheet
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Fact Sheet - Alternative
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it it
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Agreement / Prospectus
Document type
Document Language
Prospectus
Supplement
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on September 30)
Document type
Document Language
Annual report
Semi-annual report