Pure Capital - Independent asset management

Pure Dynamic Opportunity - RD This information is valid at 23/05/2024

Boosting returns through a flexible and diversified approach.

"The objective of Pure Dynamic Opportunity is to maximize performance, primarily through equities, while limiting losses in extreme market conditions."

flo-pro.jpg Florian D’Agostini Analyst & Fund Manager +352/26.39.86.55   fdagostini@purecapital.eu Get to know him

Description

Investment objective and policy

The objective of the sub-fund is to maximize performance, primarily through equities, without geographical restrictions, while limiting losses in extreme market conditions.

Equities are used as the main performance driver. Exposure to equity markets may vary from 0% to 100% via an index component, which aims to react quickly to market conditions, and a stock-picking component, which is based on the manager's convictions and aims to generate superior returns.

This is managed actively and without style bias. It includes:

  • companies that are well established in their business ("blue chips"),
  • a few sub-segments active on promising themes,
  • and finally the possibility of investing in other funds for exposure to more specific themes.




The Pure Dynamic Opportunity portfolio may also be invested in bonds, commodities (up to 15% in eligible instruments with underlying exposure to commodity markets) and option strategies for the purpose of decorrelation and/or volatility reduction.

Investor profile 

The sub-fund is suitable for investors whose priority is to achieve reasonable long-term capital growth. Capital preservation is important but not the primary objective: such a profile is prepared to accept moderate variations in capital in the shorter term.

The investor has an investment horizon of more than 5 years.



Performances

Important information for investors:

The chart and returns shown below refer to past performance and do not constitute a reliable indicator for the future. This sub-fund does not offer a capital guarantee. Before investing, you should always read the PRIIPS-KID and the prospectus.

The change in net asset value and returns indicated are net of management fees, performance fees and any other fees and charges which, as indicated in the prospectus, are borne by the sub-fund. They do not include any subscription fees that may be paid to the distributor, nor any annual custody fees that may be deducted by the custodian, nor any taxes for which the investor may be liable. The returns indicated are calculated in EUR and are based on the sub-fund’s share price or Net Asset Value (NAV).

Change in net asset value This information is valid at 23/05/2024

Annual performance This information is valid at 23/05/2024

Source: Pure Capital


Risk

Risk level

1
2
3
4
5
6
7
Potentially lower reward
Lower risk.
Potentially higher reward
Higher risk.

The Synthetic Risk Indicator (SRI), in accordance with the Key Information Document (KID), allows the level of risk of this product to be assessed in relation to others. It indicates the likelihood of losses in the event of market movements or the sub-fund's inability to pay you. This indicator ranks the risk on a scale of 1 to 7. A low score indicates lower risk but potentially lower return. A higher score will lead to higher risk but potentially higher return.

The level of risk indicated is not a guarantee and may change over time. It also assumes that you keep the product for 5 years. The risk may be significantly different if you sell the product at an early stage and you may get a lower return.

Main risks

    • Market risk. This is the market correlated risk. The value of assets can be affected by developments in the economy as a whole, interest rates, inflation, etc. It affects all financial assets to a greater or lesser extent.
    • Liquidity risk. The sub-fund invests in markets that may be affected by a decline in liquidity. These market conditions may have an impact on the prices at which the manager buys and sells positions.
    • Operational risk. It represents the risk of fault or error within the various actors involved in the management, valuation and/or custody of the sub-fund's assets.
    • Counterparty risk. The sub-fund may suffer losses if a counterparty defaults and is unable to meet its obligations, particularly in the case of OTC derivatives.
    • Credit risk. The sub-fund invests in securities whose credit rating may deteriorate. Such an event would increase the risk that an issuer may not be able to meet its obligations. If the creditworthiness of an issuer declines, the value of the bonds or derivatives linked to that issuer may deteriorate.
    • Concentration risk. It describes the level of risk in a portfolio resulting from its concentration on a single counterparty, sector, country, etc. In a more concentrated, and therefore less diversified, portfolio, the returns on the underlying assets are more correlated.

Features

Details

    • Name: Pure Dynamic Opportunity - DC
    • Classification: Dynamic Flexible Management - Global
    • ISIN code: LU2490080442
    • Bloomberg ticker: PUREDDC LX Equity
    • Type of financial product: Undertakings for Collective Investment in Transferable Securities (UCITS)
    • Legal structure: Sub-fund of the SICAV "PCFS" under Luxembourg law
    • Launch date: 29/09/2022
    • NAV at launch: €100
    • Currency: EUR
    • Benchmark: None
    • Type of unit: distribution
    • Duration: Unlimited
    • Recommended minimum investment period: min. 5 years
    • Type of investor: Individual investors
    • Management company: Pure Capital S.A., a Luxembourg-based management company
    • Auditor: PwC Luxembourg
    • Publication of the NAV: Website, Bloomberg, Morningstar, Beama.be

Fees

  • Management fees and other administrative or operating expenses: 1.82% (including management fees: 1.00%)
  • Transaction costs: 0.03%
  • Performance fees: -
  • Subscription fee: Max. 3%, at the discretion of the distributor
  • Redemption fee: 0%

Subscriptions/Redemptions

  • Minimum investment amount: €100
  • Cut-off: 10.00 (CET)
  • Valuation frequency: Daily NAV
  • Payment date: max. D+3
  • Transfer Agent / Custodian: CACEIS Investor Services Bank S.A.
  • Swing pricing applicable: No

GLOSSARY

Commodities. An asset class that includes physical assets of natural origin, used as raw materials in the production of goods. These include metals such as gold, silver, copper, etc. and agricultural raw materials from livestock or crops.

(De)correlation. The correlation between two financial assets measures the strength of the relationship between these two assets. It is between +1 and -1. A correlation of +1 implies a positive linear relationship between the two assets. Conversely, a correlation of -1 indicates a negative linear relationship between these assets. If it is equal to 0, the assets are said to be "decorrelated".

Active management. A management style that aims to outperform stock market indices. Through analysis and various management techniques, the manager attempts to grow the portfolio faster than the market.

Stock-picking. A style of portfolio construction that invests in a security on the basis of its own characteristics. This investment choice is therefore motivated less by a preference for a sector, or by the macro-economic context, than by the intrinsic qualities of the company.

Volatility. Volatility is a risk indicator that measures the extent to which an asset's value fluctuates, or in other words its variability, over a period of time. Mathematically, volatility is calculated as the standard deviation of the asset's returns.


Disclaimer

This is an advertising communication. Please refer to the prospectus and Key Information Documents (KIDs) for the UCITS before making any final investment decision. These are available free of charge on request from Pure Capital S.A. (tel: +352 26 39 86) or on its website www.purecapital.eu. The KID is available in French, Dutch and English. The prospectus, the half-yearly report and the annual report are available in English.

The information presented above does not constitute investment advice and is intended for promotional purposes. It is neither a binding contractual document nor a disclosure document required by law, and is not sufficient for making an investment decision.

Past performance is not a reliable indicator of future results. Performance may vary over time. Investments are subject to market fluctuations and the investor may get back less than is invested. Exposures, allocations and investments may vary in the future in response to different market conditions at Pure Capital's discretion. There can be no guarantee that the investment objectives will be achieved.

The management and custodian fees, as well as any other costs which, in accordance with the prospectus, are charged to the sub-fund, are included in the calculation of the net asset value and, consequently, the performance.

An annual custody fee may be charged by the account holder. They vary from one institution to another. To find out about them, it is necessary to ask it.

The tax treatment of this product depends on the investor's situation. In Belgium:

  • Withholding tax on dividends paid by the SICAV: 30%
  • Withholding tax on capital gains (Reynders tax): 30%
  • Tax on stock market transactions (TOB): 0%.

Investors can find out about their rights at https://www.purecapital.eu/legal.html. A summary is available in English and French.

Any complaints or claims can be addressed in writing to the company's head office: Pure Capital S.A., 2 rue d'Arlon, L-8399 Windhof, Grand Duchy of Luxembourg, for the attention of Mr Thierry Léonard, Managing Partner. If the handling of these complaints by the internal service does not satisfy the investor, they may, for Belgium, be submitted to Ombudsfin, Financial Services Ombudsman, North Gate II, Boulevard du Roi Albert II, n° 8 bte. 2, 1000 Brussels, e-mail: ombudsman@ombudsfin.be in writing or via the online complaint form http://www.ombudsfin.be/fr/particuliers/introduire-une-plainte/.

Pure Capital S.A. may decide to cease the marketing of its collective investment schemes in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

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