EDR FUND QUAM 15 (B USD)

Transcription

all investors :
CH FR LU NL PT SE
restricted registration / qualified investors :
DOCUMENT FOR THE USE OF BOTH NON-PROFESSIONAL AND PROFESSIONAL INVESTORS
SG
AS OF 31 DECEMBER 2015
SICAV UNDER LUXEMBURG LAW
EdR Fund QUAM 15 (B USD)
EDMOND DE ROTHSCHILD ASSET MANAGEMENT
QUANTITATIVE MANAGEMENT
MORNINGSTARTM Ranking as of 30/11/2015 in the category EUR Flexible Allocation - Global :
Fund size : USD 60,40 mil.
QQQ
GENERAL INFORMATION
Investment objective
EdRF QuAM 15 aims not to exceed a volatility restriction of 15% per year and is designed to produce positive performance. The risk level may be compared to a diversified equities portfolio. The
Fund’s exposure to equities is expected to be between 0% and 100%. The large and diversified investment universe consists of futures covering bonds and equity markets, without restriction in
terms of geographic or industrial sector. Investment decisions are based on mathematical models, thus eliminating any subjectivity in the portfolio allocation.
Monthly comment
December closed a saw-tooth year, particularly full of sharp market shifts. The year's third correction following one in April-May and another in August-September took
place in December, impacting all major equity indices. Equity markets posted their worst monthly performance in December in 13 years, with US markets closing the year
in negative territory for the first time since the financial crisis of 2008. European markets dropped over 10% following the ECB’ announcement that it would cut its deposit
rates, but without providing an increase in the scope of quantitative easing. QuAM 15, continued to lower its risk exposure and targeted investments in money market
funds that played their cushioning role well. The bond market also benefited from the flight to quality despite the Fed’ decision to hike interest rates from the year end. The
QuAM portfolio has maintained its government bond positions at the expense of funds anticipating a hike in inflationary pressures and high yield bond funds.
PERFORMANCES (***)
Performance chart (from
Cumulative performances (Net of fees) (Rolling periods)
28/10/10 to 31/12/15)
1 month 3 months YTD
116
Class (B)
112
1 year
2 years 3 years
5 years
10 years
-3,16 -3,53 -8,18 -8,18
-8,93 -1,62
-7,56
-
Since
Annualized
inception since inception
-6,00
-1,19
108
104
Statistics (Rolling periods)
100
96
18/11/2015
04/09/2015
19/06/2015
31/03/2015
15/01/2015
28/10/2014
13/08/2014
28/05/2014
12/03/2014
23/12/2013
08/10/2013
24/07/2013
08/05/2013
19/02/2013
30/11/2012
17/09/2012
03/07/2012
16/04/2012
30/01/2012
15/11/2011
31/08/2011
15/06/2011
28/03/2011
12/01/2011
88
28/10/2010
92
Volatility
Sharpe ratio
Maximum drawup
Maximum drawdown
52 weeks
(week. perf.)
3 years
(month. perf.)
5 years
(month. perf.)
10,15
-0,82
12,78
-19,83
9,02
-0,07
20,49
-19,83
7,82
-0,21
28,27
-19,83
Class (B)
PORTFOLIO
Breakdown by asset class
Top holdings (except money market)
% of Net Assets
5 Main holdings (Number of holdings : 10)
16,7
Fixed Income
57,1
26,3
Fund
Equity
-6,9
% of Net Assets
9,9
9,9
9,8
9,7
8,8
48,2
-16,9
Money Market
23,8
Variation compared to 30/11/2015
Currency breakdown (before hedging)
Currency breakdown (after hedging) *
% of Net Assets
% of Net Assets
Euro 80,0
Euro
US Dollar 16,2
US Dollar
-0,9
Japanese Yen
-1,2
Japanese Yen 3,7
Fund
Sector
Consumer
Information Technology
Information Technology
Large-Mid Cap
Geographic
STOXX 600 FOOD MAR16
STOXX 600 TECH MAR16
TECDAX STOCK IND MAR16
NASDAQ 100 E-MINI MAR16
S&P500 EMINI FUT MAR16
Total
102,0
Fund
This distribution reflects the currency risk hedging with regard to the portfolio’s investments. There is a need to
integrate the almost-complete currency risk break-through solution of the Fund’s currency (EUR) against the
currency of the Class under consideration .
This document is not contractual and is to be used for information purposes only. In the event of any disagreement or dispute arising from this document, the prospectus/partial prospectus takes precedence.
EDMOND DE ROTHSCHILD ASSET MANAGEMENT (UK) LIMITED 4, Carlton Gardens - SW1Y 5AA London. Société Anonyme.
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all investors :
CH FR LU NL PT SE
SG
Fixed income sector breakdown
QQQ
Equity geographical breakdown
% of Net Assets
% of Net Assets
16,7
37,1
16,7
Government Bonds
19,9
0,0
Aggregate
0,0
Convertible
0,0
Inflation linked
0,0
North America
19,6
-7,3
-7,7
0,0
Emerging Asia
0,0
Asia Pacific
0,0
Emerging EMEA
0,0
Global
0,0
Sector
-2,9
-7,1
-9,6
-3,7
Emerging
Fund
9,7
Europe
-4,9
Fund
-11,2
-15,4
Evolution of the breakdown by asset class
% of Net Assets
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0 0
4
1/
20
04
5/
20
05
3 0
/1
1/
20
05
3 1
/0
5/
20
06
3 0
/1
1/
20
06
3 1
/0
5/
20
07
3 0
/1
1/
20
07
3 1
/0
5/
20
08
3 0
/1
1/
20
08
3 1
/0
5/
20
09
3 0
/1
1/
20
09
3 1
/0
5/
20
10
3 0
/1
1/
20
10
3 1
/0
5/
20
11
3 0
/1
1/
20
11
3 1
/0
5/
20
12
3 0
/1
1/
20
12
3 1
/0
5/
20
13
2 9
/1
1/
20
13
3 0
/0
5/
20
14
2 8
/1
1/
20
14
2 2
/0
5/
20
15
3 0
/1
0/
20
15
3 1
/0
5/
2
3 0
/1
3 1
/0
3 0
/1
1/
2
0 0
3
0%
Commodities
Equity
Fixed Income
Money Market
Balanced
PERFORMANCE TRACK RECORD (%) (***)
Net performance
2015
2014
2013
2012
2011
2010
Class (B)
Class (B)
Class (B)
Class (B)
Class (B)
Class (B)
Jan.
Feb.
March
April
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
YTD
Volatility
3,41
-3,33
3,79
0,72
-0,36
2,22
2,75
-0,90
0,69
-0,37
2,10
-2,00
3,23
0,00
-1,02
0,76
-0,42
1,53
-1,37
1,46
-0,15
2,46
-0,35
-4,43
-2,38
-4,45
1,36
-5,88
0,03
-2,84
-0,33
-0,38
2,78
3,03
0,96
-6,84
0,27
-1,86
-0,66
-1,50
-1,18
-3,38
3,52
0,58
-1,22
-0,26
-0,38
1,92
-0,22
-0,54
-0,22
-0,11
2,25
0,36
0,68
-0,99
-1,01
-3,16
0,22
0,05
2,49
1,35
2,96
-8,18
-0,82
8,03
1,35
-7,29
1,69
10,05
10,94
8,29
5,35
8,56
FUND CHARACTERISTICS
Share characteristics
Net asset value (USD) :
Share issue date :
ISIN code :
Bloomberg code :
Lipper code :
Telekurs code :
Distribution :
Latest coupon :
Fund characteristics
93,03
28/10/2010
LU1005542243
EDQ15BU LX
68246416
23093166
Distribution
0,25 on the 03/08/2015
Subscribers Type : Individual investors
Fund Manager
Edmond de Rothschild Asset Management (UK) Limited
Legal status
Fund inception date : 09/09/03
Fund domicile : Luxembourg
Administrative Information
Management Company : Edmond de Rothschild Asset Management (Luxembourg)
Valuation : Daily
Administration : Edmond de Rothschid Decimalised : 3 decimals
Asset Management (Luxembourg)
Custodian : Edmond de Rothschid
Initial minimum subscription : 1 Share
(Europe)
Subscription & redemption conditions : Every day before 4.00 pm at the day’s NAV,
calculated one day later
Management Subscription/Redemption fees
Subscription fees Max./Real : 2% / no
Actual management fees : 1,25%
Performance fees : yes (cf.Prospectus) Redemption fees Max./Real : 0,5% / no
2/3
all investors :
CH FR LU NL PT SE
SG
QQQ
PRODUCT RISKS AND DISCLAIMERS
(***)The performance history of the Prifund QUAM Multimanager 15 B (USD) UCI absorbed by EdR Fund QUAM 15 B (USD) was included in the calculations of this report.
All of the data in this document relating to the Fund is provided by the valuation agent, except for the portfolio and the resulting analyses which are provided by Edmond de Rothschild Asset
Management. Data distributors (RIMES and Bloomberg) are the main sources for the indices and the characteristics of the stocks held in the portfolio.
A description and more information about the risks associated with this UCI are provided in the UCI’s prospectus/partial prospectus. The regulations, prospectus/partial prospectus and Key
Investor Information Document are available free of charge on request from Edmond de Rothschild Asset Management (UK) Limited and/or from the following representatives and
correspondents:
Switzerland(Paying agent)
Edmond de Rothschild (Suisse) S.A.
18, rue de Hesse,Genève,1204,Switzerland
Switzerland(Representative)
Edmond de Rothschild Asset Management (Suisse) S.A.
8, rue de l'Arquebuse,Genève,1204,Switzerland
France
CACEIS Bank France
1-3 place Valhubert,Paris,75013,France
Luxembourg
Edmond de Rothschild Asset Management (Luxembourg)
20, boulevard Emmanuel Servais,Luxembourg,L-2535,Luxembourg
Sweden
SEB Investment Management AB
ST 6,Stockholm,S-106 40,Sweden
The data, comments and analyses given in this presentation reflect the views of Edmond de Rothschild Asset Management (UK) Limited on the markets and their trends, regulation and
taxation, taking into account its expertise, economic analyses and the information held at the present time. They do not, however, constitute any form of commitment or guarantee on the part of
Edmond de Rothschild Asset Management (UK) Limited.The figures quoted relate to previous years. Past performance and ratings are not indicators of future performance or ratings.
Performance data does not take into account the fees and charges received when issuing and redeeming units, nor the tax charged by the client’s country of residence.
The Fund’s investment policy does not anticipate any correlation between the Fund and the index indicated. Consequently, the UCI’s performance may differ from that of the index.
Morningstar ratings are not market ratings and should not be considered as recommendations to buy, sell or hold units or shares of the above-mentioned UCI. Rating - Source - © 2012
Morningstar, Inc. All rights reserved.
If the figures expressed in this document are in a different currency than that of the Member State in which the client resides, the gains accruing to the client may increase or decrease in line
with exchange rate fluctuations.
This information does not constitute an invitation to subscribe to units in the Fund and does not replace its prospectus/partial prospectus. Country-specific regulations regarding the
way a UCI is marketed may vary between countries. The UCI may be offered in a jurisdiction other than the countries of registration, specifically under a private placement regime, if the
applicable law of this other jurisdiction allows it. If you are in any doubt over the marketing possibilities for this UCI, please consult your usual financial advisor. UCIs may not be offered to a
person if it is prohibited by the law of their country of origin or of any other country which may apply to them or to the product. Residents of the United States: The Fund and its units are not
registered under the Securities Act of 1933 or any other United States regulation. They may not be offered or sold for the benefit or on behalf of a “U.S. Person” as defined by “Regulation S”.
Hong Kong :
This document is intended only for professional investors as defined under the relevant laws of Hong Kong and is not intended for the public in Hong Kong. The contents of this document have
not been reviewed by any regulatory authority in Hong Kong. No action has been taken in Hong Kong to permit the distribution of this document.
In accordance with current local regulations, the UCI, or the class of the UCI, have received marketing authorisation from specific institutional investors, or more broadly from qualified
professionals or investors in the following country(ies):Singapore
RISK SCALE
Risk and reward profile
Lower risk,
Higher risk,
potentially lower return
potentially higher return
1
2
3
4
5
6
7
This rating system is based on average fluctuations in the fund's net asset value
over the past five years, i.e. the scale of changes in the index securities, both up
and down. If the net asset value is less than 5 years old, the rating is determined
by other regulatory calculation methods. Historic data such as those used to
calculate the synthetic indicator may not be a reliable indication of the future risk
profile. The current category is neither a guarantee nor an objective. Category 1
does not signify a risk free investment.
HISTORICAL DATA
Coupons distributed in US Dollar
Interest
Date
03/08/2015
Amount
0,25
Interest
17/06/2013
0,25
Interest
15/06/2012
0,25
Interest
16/06/2011
0,25
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EDR FUND QUAM 15 (B USD)

Transcription

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