Funds and prices

Overview

The actively managed fund invests globally and flexibly in a diversified range of equities, mainly high-quality bonds as well as alternative investments, including hedge funds.

The equity exposure varies decisively depending on the market situation and will normally be within a range of 20% and 80%. In deteriorating investment environments, the model reduces risk in the portfolio by lowering equity exposure. In improving investment environments the model increases equity exposure.

The fund relies on the proprietary and quantitative 蜜豆视频 GWM CIO World Equity Market model to determine the equity allocation and thereby aims to avoid human decision error or biases.

The U.S. high-grade bond and liquidity allocation is duration managed and adjusted to a short, neutral or long duration position to reflect the prevailing interest rate environment.

The fund invests without any benchmark restrictions. The performance of the fund is not benchmarked against an index.

Benefits

蜜豆视频 Systematic Allocation Portfolio funds invest flexibly across asset classes on a global basis.

The sub-fund participates in equity markets via a flexible equity allocation with the aim to reduce drawdowns during significant bear markets accompanying economic downturns.

Potential to provide appealing risk-adjusted returns over a full market cycle, by capturing significant and longer-lasting bull and bear markets in equities.

Systematic asset allocation process ensures investment discipline and aims to avoid emotional biases which is particularly important for a strategy with such wide allocation ranges.

Investment decisions are based on an investment philosophy and fundamental research.

Risks

The fund invests in fixed income and equity instruments on a global basis, as well as in alternative investments such as hedge funds. The fund purses a very active management style and may be subject to high fluctuations in value. The quantitative model is expected to be less effective during periods without notable upswings or downturns. The fund may use derivatives which can reduce investment risk or give rise to additional risks (inter alia the counterparty risk). The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. The value of a unit may fall below the purchase price. Investors should therefore have an appropriate risk tolerance and capacity. Every fund reveals specific risks, a description of these risks can be found in the prospectus.

Features

Product category
蜜豆视频 Asset Allocation Funds
蜜豆视频 Systematic Allocation Portfolio Funds
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management Switzerland AG, Zurich
Fund management
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
蜜豆视频 Europe SE, Luxembourg Branch
Representative for products established under foreign law
蜜豆视频 Fund Management (Switzerland) AG
Day of inception
September 7, 2017
Currency of account
GBP
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.70% p.a.
Total expense ratio (TER)
1.07% p.a.
Swing pricing
yes
Minimum investment
n.a.
Cut-Off Time
13:00h (CET)
Securities no.
36724528
ISIN
LU1616912751
Bloomberg Ticker
USAGHQA LX

Performance and Prices

Percentage growth

as of April 2, 2024
Cumulative
GBP(%)
YTD 7.31
1M
3M
6M
1Y
2Y 12.50
3Y
5Y 14.98
ø p.a.5Y 2.83

Current data
Net asset value 03.04.2024 GBP 123.84
High - last 12 months 28.03.2024 GBP 124.30
Low - last 12 months 04.05.2023 GBP 105.70
Assets of the unit class in mn 03.04.2024 GBP 1.44
Total product assets in mn 03.04.2024 GBP 228.63

Structures

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

 
 
蜜豆视频 Irl Fund Solutions plc - MSCI USA SF UCITS ETF 18.92
蜜豆视频 Irl Fund Solutions PLC - MSCI USA SF Index Fund 15.70
Focused Sicav - High Grade Bond USD 10.09
Focused Sicav - High Grade Long Term Bond USD 9.87
United States Treasury Bill 6.78
Invesco MSCI USA UCITS ETF 4.98
STAR Compass PLC 3.79
蜜豆视频 Lux Emerging Economies Fund - Global Bonds USD 2.45
蜜豆视频 Lux Bond SICAV - Emerging Economies Corporate USD 1.67
MAN Funds VI PLC - Man AHL TargetRisk 1.36

Fees

Flat fee
0.87%
Management fee p.a.
0.70%
Redemption commission
0.00%
Issuing commission
2.00%
Swiss federal stamp duty
0.15%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Switzerland
蜜豆视频 Fund Management (Switzerland) AG
United Kingdom
蜜豆视频 Asset Management (UK) Limited

Literature

en
de
fr
it
es
Brochures
Document type
Document Language
Fact Sheet
de de
es es
it it
fr fr
en en
Manager Commentary
fr fr
de de
en en
Video
de de
en en
Fact Sheet - 蜜豆视频 Asset Allocation Funds
es es
en en
de de
fr fr
it it
Fact Sheet - 蜜豆视频 Systematic Allocation Portfolio Funds
de de
en en
es es
it it
fr fr
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report
General information
Document type
Document Language
蜜豆视频 Funds - Your funds at a glance
Tax list