Funds and prices

Overview

This actively managed fund invests worldwide in equities.

The fund aims to reduce risk (volatility) and drawdown by applying systematic and research based options overlay.

The fund seeks to deliver higher risk-adjusted returns than global equities over the medium term with lower drawdowns.

Local currency risks are largely hedged versus USD.

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

Benefits

The fund offers easy access to global equity markets at a reduced risk.

Investors can benefit from an option-based defensive equity strategy (notably a combination of long and short put options with different strike prices (put spreads), as well as short call options) that seeks for capital appreciation with reduced downside risk relative to traditional long-only equity strategies.

Risks

The fund invests in equities and may therefore be subject to high volatility. This requires an elevated risk tolerance and capacity. The value of a unit may fall below the purchase price. The fund may use derivatives, which can reduce or increase investment risk (including the risk of loss due to the bankruptcy of the counterparty). Every fund reveals specific risks, a detailed and comprehensive list of risk descriptions can be found in the prospectus.

Features

Product category
Equity
Global
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management (UK) Ltd., London
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
June 24, 2020
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Flat fee
0.00% p.a.
Management fee
0.00% p.a.
Total expense ratio (TER)
0.03% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
65% MSCI World (hedged USD)+35% USD Fed Funds Rate
Cut-Off Time
15:00h (CET)
Securities no.
55225018
ISIN
LU2191832596
Bloomberg Ticker
ULGDIXU LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) CHF(%) EUR(%)
YTD 7.65 15.86 9.87
1M
3M
6M
1Y
2Y 12.90 2.71 9.08
3Y 18.20 13.51 28.45
5Y
ø p.a.5Y 5.73 4.32 8.70

Current data
Net asset value 03.04.2024 USD 144.04
High - last 12 months 28.03.2024 USD 144.85
Low - last 12 months 05.04.2023 USD 122.56
Assets of the unit class in mn 03.04.2024 USD 0.45
Total product assets in mn 03.04.2024 USD 28.45
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 29.02.2024 11.36% n.a.
Sharpe Ratio 29.02.2024 0.16 n.a.
Risk Free Rate 31.03.2024 4.15% 2.15%

Structures

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

 
 
Microsoft Corp 4.69
Apple Inc 4.23
NVIDIA Corp 3.19
Alphabet Inc 2.51
Amazon.com Inc 2.33
Meta Platforms Inc 1.46
Eli Lilly & Co 0.91
Tesla Inc 0.88
ASML Holding NV 0.80
Broadcom Inc 0.75

Fees

Flat fee
0.0000%
Management fee p.a.
0.0000%

Distributions

No distributions. Continuous reinvestment of income.

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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Fact Sheet - Equity
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Fact Sheet - Global
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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