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 GBP.

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.

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. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. Please consult your client advisor for more information on the investment risks of this product. 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
Equity
Global
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
Representative for products established under foreign law
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
Regulation
UCITS
Legal form
Unlimited
Day of inception
November 20, 2014
Currency of account
GBP
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Flat fee
0.07% p.a.
Management fee
0.00% p.a.
Total expense ratio (TER)
0.09% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
MSCI All Country World (net div. reinv.) (hedged GBP)
Cut-Off Time
15:00h (CET)
Securities no.
24206955
ISIN
LU1059394772
Bloomberg Ticker
ÃÛ¶¹ÊÓƵGIBH LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
GBP(%) CHF(%) EUR(%) USD(%)
YTD 6.71 13.69 7.82 5.63
1M
3M
6M
1Y
2Y 8.36 4.47 10.95 14.84
3Y
5Y 25.09 9.01 24.47 19.96
ø p.a.5Y 4.58 1.74 4.47 3.71

Current data

Net asset value 03.04.2024 GBP 68.00
High - last 12 months 28.03.2024 GBP 68.28
Low - last 12 months 27.10.2023 GBP 60.77
Last distribution 20.03.2024 GBP 0.38
Assets of the unit class in mn 03.04.2024 GBP 70.32
Total product assets in mn 03.04.2024 GBP 321.52
Indicative current equity yield 29.02.2024 9.10%
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 29.02.2024 16.92% 16.39%
Sharpe Ratio 29.02.2024 0.20 0.21
Risk Free Rate 31.03.2024 3.71% 1.71%

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
0.0650%
Management fee p.a.
0.0000%

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
17.04.2023 20.04.2023 102 GBP 0.59 15.05.2023 18.05.2023 103 GBP 0.62 07.06.2023 12.06.2023 104 GBP 1.20 17.07.2023 20.07.2023 105 GBP 0.56 16.08.2023 21.08.2023 106 GBP 0.68 15.09.2023 20.09.2023 107 GBP 0.40 16.10.2023 19.10.2023 108 GBP 0.45 15.11.2023 20.11.2023 109 GBP 0.43 15.12.2023 20.12.2023 110 GBP 0.44 16.01.2024 19.01.2024 111 GBP 0.38 15.02.2024 20.02.2024 112 GBP 0.47 15.03.2024 20.03.2024 113 GBP 0.38

Authorisations

Country of distribution
Representative / Information
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Singapore
ÃÛ¶¹ÊÓƵ Asset Management (Singapore) Ltd.
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
Brochure
Fact Sheet - Equity
Fact Sheet - Global
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
ASIP ESG Report
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report