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
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, 2024USD(%) | 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% |
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
Distributions
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
Literature
Document type
|
Document Language
|
|
Prospectus |
|
|
Key Information Document |
|
|
Past performance |
|
|
Previous performance scenario |
|
|
Statutes / Management regulations |
|
|
ESG Disclosure |
|
|
Document type
|
Document Language
|
|
Annual report |
|
|
Semi-annual report |
|
|