Funds and prices

Overview

The actively managed fund invests globally and flexibly in a diversified range of mainly high-quality bonds, equities 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 0% and 40%. 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 bias.

The U.S. high-grade 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.

Owing to the varying mixed asset allocation, this fund could be treated in specific phases as a bond fund for tax purposes in the UK. Investors should therefore contact a tax advisor.

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. This share class (mdist) may make monthly, gross-of-fee distributions. As a consequence, in addition to income, this share class may also distribute capital. This can have negative tax consequences for investors in some jurisdictions. Investors should seek their own tax advice.

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
July 18, 2017
Currency of account
SGD
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Management fee
1.10% p.a.
Total expense ratio (TER)
1.67% p.a.
Swing pricing
yes
Minimum investment
n.a.
Cut-Off Time
13:00h (CET)
Securities no.
37240347
ISIN
LU1637863462
Bloomberg Ticker
USAPMSH LX

Performance and Prices

Percentage growth

as of April 2, 2024
Cumulative
SGD(%)
YTD 2.64
1M
3M
6M
1Y
2Y 6.08
3Y
5Y 2.53
ø p.a.5Y 0.50

Current data
Net asset value 03.04.2024 SGD 93.23
High - last 12 months 28.03.2024 SGD 93.48
Low - last 12 months 30.10.2023 SGD 87.00
Assets of the unit class in mn 03.04.2024 SGD 1.66
Total product assets in mn 03.04.2024 SGD 592.61

Structures

Fees

Flat fee
1.37%
Management fee p.a.
1.10%
Redemption commission
0.00%
Issuing commission
2.00%
Swiss federal stamp duty
0.15%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
17.04.2023 20.04.2023 68 SGD 0.13 15.05.2023 18.05.2023 69 SGD 0.13 15.06.2023 20.06.2023 70 SGD 0.13 17.07.2023 20.07.2023 71 SGD 0.13 16.08.2023 21.08.2023 72 SGD 0.13 15.09.2023 20.09.2023 73 SGD 0.13 16.10.2023 19.10.2023 74 SGD 0.13 15.11.2023 20.11.2023 75 SGD 0.18 15.12.2023 20.12.2023 76 SGD 0.18 16.01.2024 19.01.2024 77 SGD 0.19 15.02.2024 20.02.2024 78 SGD 0.19 15.03.2024 20.03.2024 79 SGD 0.19

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

Literature

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Brochures
Document type
Document Language
Fact Sheet
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Manager Commentary
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Video
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3-Pager Monthly Distributing Share Classes
Fact Sheet - 蜜豆视频 Asset Allocation Funds
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Fact Sheet - 蜜豆视频 Systematic Allocation Portfolio Funds
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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