Funds and prices

Overview

This actively managed, defensive equity fund invests in companies from across the globe that offer a high dividend yield.

The fund aims to generate additional income through call overwriting.

The fund focuses on quality factors to exclude low quality stocks, including the company’s ability to pay stable or growing dividends.

Local currency risks are largely hedged versus USD.

The strategy is based on a quantitative model.

This fund promotes environmental and social characteristics and falls under SFDR Article 8(1).

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

The distributing (-dist) share classes of this sub-fund intend to distribute capital (premiums from writing call options) as well as income (e.g. from dividends). See risk section below.

This share class distributes a constant percentage share of the NAV, not a constant amount.

This share class is designed for investors who want to profit from performance opportunities on the financial markets and at the same time wish more stable distributions at a specific percentage level to cover recurring liquidity needs.

As the distributions are substantial, this share class is not designed for investors who want to build wealth. The latter may prefer the accumulating share class.

This share class must not be seen as an alternative to a savings account or fixed-interest paying investments.

The percentage distribution rate of this share class is unrelated to the interest or other income generated in the fund. The distribution is a percentage payment of the current amount of investment.

It is possible that the distributions result in an erosion of assets and a reduction of invested capital.

This share class may distribute capital as well as income. There are potential negative tax consequences for some investors in some jurisdictions. See risk section below.

Benefits

Easy access to a high quality, defensive equity portfolio which aims to provide some downside cushion during market corrections.

Strong income component generated from dividends and call option premiums.

Investors can profit from a portfolio that seeks optimal diversification - low single stock weights and broad country and sector allocations.

Investors can largely avoid the impact from fluctuations of the local investment currencies versus USD.

Risks

ÃÛ¶¹ÊÓƵ Equity Funds invest in equities and may therefore be subject to high fluctuations in value. As these ÃÛ¶¹ÊÓƵ funds pursue an active management style, each fund's performance can deviate substantially from that of its reference index. 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). In distributing share classes, the equity yield, net of fund fees, will be distributed. The distributing (-dist) share classes of this fund intend to distribute capital as well as income (e.g. from dividends). Investors in some jurisdictions may incur a higher rate of tax on distributed capital than on any capital gains which are realized on disposal of fund shares. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist) share classes. Investors may be taxed at a later point in time on income and capital arising on accumulating (-acc) share classes compared to distributing (-dist) share classes. Investors should seek their own tax advice. The monthly 8%-mdist distributing share classes may distribute capital as well as income. It is possible that the distributions result in an erosion of assets and a reduction of invested capital. There are potential negative tax consequences for some investors in some jurisdictions. Investors in some jurisdictions may incur a higher rate of tax on distributed capital than on any capital gains which are realised on disposal of fund shares. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist) share classes. Investors may be taxed at a later point in time on income and capital arising on accumulating (-acc) share classes compared to distributing (-dist) share classes. Investors should seek their own tax advice.

Features

Product category
ÃÛ¶¹ÊÓƵ Equity Funds
ÃÛ¶¹ÊÓƵ Country & Regional Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management Switzerland AG, Zurich
Fund management
ÃÛ¶¹ÊÓƵ Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
ÃÛ¶¹ÊÓƵ Europe SE, Luxembourg Branch
Tax representative
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Regulation
UCITS
Legal form
Unlimited
Day of inception
July 30, 2015
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Management fee
0.79% p.a.
Total expense ratio (TER)
1.05% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
MSCI All Country World (net div. reinv.) (hedged USD)
ISIN
LU1240787413
Bloomberg Ticker
ÃÛ¶¹ÊÓƵGQ8D LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) EUR(%)
YTD
1M
3M
6M
1Y 12.29 12.98
2Y
3Y 19.20 29.53
5Y 26.17 30.92
ø p.a.5Y 4.76 5.54

Current data

Net asset value 03.04.2024 USD 80.51
High - last 12 months 28.03.2024 USD 80.86
Low - last 12 months 27.10.2023 USD 72.16
Last distribution 14.03.2024 USD 0.52
Assets of the unit class in mn 03.04.2024 USD 2.43
Total product assets in mn 03.04.2024 USD 405.73
Indicative current equity yield 29.02.2024 9.10%
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 29.02.2024 16.78% 16.24%
Sharpe Ratio 29.02.2024 0.15 0.19
Risk Free Rate 31.03.2024 4.15% 2.15%

Structures

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

 
 
MediaTek Inc 2.84
LyondellBasell Industries NV 2.57
Johnson & Johnson 2.49
Agricultural Bank of China Ltd 2.49
International Business Machines Corp 2.48
Dow Inc 2.48
Kinder Morgan Inc 2.47
AbbVie Inc 2.44
Paychex Inc 2.42
Verizon Communications Inc 2.40

Fees

Flat fee
0.99%
Management fee p.a.
0.79%
Max. issuing commission
6.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
EU Savings Tax - Tax domicile other EU country
11.04.2023 14.04.2023 91 USD 0.51 n.a. 10.05.2023 15.05.2023 92 USD 0.51 n.a. 12.06.2023 15.06.2023 93 USD 0.50 n.a. 10.07.2023 13.07.2023 94 USD 0.51 n.a. 10.08.2023 15.08.2023 95 USD 0.52 n.a. 11.09.2023 14.09.2023 96 USD 0.51 n.a. 10.10.2023 13.10.2023 97 USD 0.50 n.a. 10.11.2023 15.11.2023 98 USD 0.49 n.a. 11.12.2023 14.12.2023 99 USD 0.51 n.a. 10.01.2024 16.01.2024 100 USD 0.51 n.a. 12.02.2024 15.02.2024 101 USD 0.51 n.a. 11.03.2024 14.03.2024 102 USD 0.52 n.a.

Authorisations

Country of distribution
Representative / Information / Tax representative
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Belgium
BNP PARIBAS Securities Services
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
Germany
ÃÛ¶¹ÊÓƵ Europe SE
Greece
Bank of Cyprus Ltd.
Italy
ÃÛ¶¹ÊÓƵ Asset Management SGR S.p.A.
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
Spain
ÃÛ¶¹ÊÓƵ Europe SE, sucursal en España
Sweden
ÃÛ¶¹ÊÓƵ AG, Stockholm
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
3-pager Constant distributing share classes
Manager Commentary
Fact Sheet - ÃÛ¶¹ÊÓƵ Equity Funds
Fact Sheet - ÃÛ¶¹ÊÓƵ Country & Regional Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report