Funds and prices

Overview

The actively managed fund invests worldwide in equities in developed and emerging markets, in government, corporate, high-yield, emerging market and inflation-linked bonds, real estate securities and commodities.

The fund combines four scenario portfolios that are tailored to the corresponding phase of the economic cycle: upswing, boom, downswing and recession.

The fund aims to reduce risk (volatility) by keeping the scenario portfolios' impact on performance in balance.

Investments are largely hedged versus the reference currency.

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.

The exchange rate risk between USD and JPY is largely hedged.

Benefits

The fund enables investors to remain invested throughout the various phases of the economic cycle.

No individual part of the fund portfolio can exert too large an influence on performance.

Active economic cycle management can increase the fund's return potential.

Risks

The fund invests in equities and may therefore be subject to high fluctuations in value. The fund offers no guarantee that its individual Scenario Portfolios, which are over- or underweighted in line with our assessment of the current state of the economy, perform well in the business cycle phase they are geared to. Phases of negative performance cannot be excluded. This requires the corresponding risk tolerance and capacity from investors. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
Asset Allocation
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management (Americas) LLC, New York
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
August 5, 2021
Currency of account
JPY
Close of financial year
September 30
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.42% p.a.
Total expense ratio (TER)
0.67% p.a.
Swing pricing
yes
Minimum investment
n.a.
Cut-Off Time
13:00h (CET)
Securities no.
112310814
ISIN
LU2358387889
Bloomberg Ticker
UB1AUHI LX

Performance and Prices

Percentage growth

as of April 2, 2024
Cumulative
JPY(%) CHF(%) EUR(%) USD(%)
YTD 0.16 0.30 -4.42 -6.85
1M
3M
6M
1Y
2Y -9.05 -27.87 -24.43 -26.28
3Y
5Y
ø p.a.5Y -4.63 -15.07 -13.07 -14.14

Current data
Net asset value 03.04.2024 JPY 9,034.00
High - last 12 months 28.03.2024 JPY 9,063.00
Low - last 12 months 26.10.2023 JPY 8,398.00
Assets of the unit class in mn 03.04.2024 JPY 154.04
Total product assets in mn 03.04.2024 JPY 24,762.35

Structures

Fees

Flat fee
0.5300%
Management fee p.a.
0.4200%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Singapore
蜜豆视频 Asset Management (Singapore) Ltd.
Switzerland
蜜豆视频 Fund Management (Switzerland) AG

Literature

en
de
fr
it
Brochures
Document type
Document Language
Fact Sheet
Fact Sheet - Asset Allocation
en en
de de
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 September 30)
Document type
Document Language
Annual report
Semi-annual report