Pure Capital - Independent asset management

Flexible Architecture - FD Gemengd fonds Gegevens per 22/09/2022

A global multi-asset fund that employs a quantitative approach for flexible and diversified wealth management.

The investment manager is looking for absolute return over the long term regardless of market fluctuations. He employs a flexible and systematic approach with quantitative models that are based on recent academic research. In addition to the traditional asset classes (i.e. equities, bonds and cash), the sub-fund also invests in real estate and commodities. In all, over 20 asset classes are represented, which ensures a truly diversified approach to wealth management.

  • ISIN code : LU1215310381
  • Risiconiveau (SRRI) : 4
  • Beleggingshorizon : Min. 3 jaar
  • YTD rendement : -10,53%
  • Rendement 1 Dag : -0,55%
  • Netto inventariswaarde op 22/09/2022 : 95,91 €

Performances

Evolutie van de netto inventariswaarde Gegevens per 22/09/2022

Rendement per kalenderjaar Gegevens per 22/09/2022

Periodiek rendement Gegevens per 22/09/2022

YTD
1M
3M
6M
1Y
3Y
5Y
ITD*
-10,53%
-4,18%
-1,6%
-6,06%
-10,11%
-0,6%
-0,12%
-0,57%

FD share class is a distribution share class ; holders of FD shares are entitled to receive a dividend paid annually. Data and performances shown above do not include dividends paid.

Last distribution (gross dividend per share) : EUR -.

Performance over a period of more than one year is annualised.

* Inception to Date. Annualised performance since the share was issued on 15 May 2015.

Important information for investors: 

The chart and returns shown above refer to past performance and do not constitute a reliable indicator for the future. This fund does not offer a capital guarantee. Before investing, you should always read the Key Investor Information Document (KIID) and the prospectus.


Description

Investment policy and objective

This sub-fund’s objective is to deliver positive returns, through diversification over a broad range of asset classes and mainly via tracker and third-party funds, with quantitative analysis to manage the volatility of each asset class and regular portfolio rebalancing. This enable investors to enter financial markets at any time, regardless of the market’s configuration.

The portfolio’s allocation to risk assets (including commodities, gold and real estate) will not exceed 65% of its assets.

Investor profile

The sub-fund is intended for all investors who are looking for opportunities in global equity, fixed-income, credit, foreign exchange, commodities and other financial markets, but whose main concern is preserving capital.

Investors much have a medium-term investment horizon of 3 to 5 years.

Risiconiveau (SRRI)

1
2
3
4
5
6
7
Typisch lagere rendementen
Minder risico.
Typisch hogere rendementen
Meer risico.

FUND CHARACTERISTICS

Key information

  • Name : PCFS – Flexible Architecture - FD
  • Classification : Flexible asset allocation - Global
  • ISIN code : LU1215310381
  • Bloomberg ticker : PUREFFC LX Equity
  • Type : Undertaking for collective investment in transferable securities (UCITS)
  • Legal form : A sub-fund of the “PCFS” Luxembourg SICAV fund
  • Inception date : 15 May 2015
  • NAV on inception : €100
  • Currency : EUR
  • Benchmark index : None
  • Share type : Distribution (15/07/2022)
  • Term : Indefinite 
  • Minimum recommended investment horizon : min 3 years 
  • Investor type : Professional and Institutional 
  • Management company : Pure Capital S.A. 
  • Auditor : PwC Luxembourg 
  • NAV publication : Website, Bloomberg, Beama.be

Fees and charges

  • Management fee : 0,50%
  • Performance fee: None
  • Ongoing charges (including management fee): 1,34%
  • Subscription fee: Max. 3%, at the distributor’s discretion
  • Redemption fee : 0%

Subscriptions and Redemptions

  • Minimum investment requirement: €5.000.000
  • Cut-off: 10:00 am (CET)
  • NAV valuation frequency: Daily
  • Settlement date: Max. (D+3)
  • Transfer agent / Depositary: RBC Investor Services Bank S.A.
  • Swing pricing applicable: No

MAIN RISKS & ADVANTAGES

ADVANTAGES

  • Losses and volatility are limited. Cash is prefered when the outlook for an asset class is negative.
  • Medium and long-term capital appreciation regardless of market conditions.
  • A high level of diversification at lower cost, through the use of trackers and/or funds dedicated to specific asset classes.
  • The systematic and quantitative nature of the decision-making process prevents the sheep-like behaviour commonly seen during the formation of speculative bubbles and market crashes.

RISKS

  • “Equity” risk: The price of an equity security may vary, sometimes due to factors that have nothing to do with the company’s intrinsic value. Equity prices may be affected by economic factors and market conditions, such as a general decrease in share prices or conditions that affect one or more specific issuers, such as changes in earnings forecasts.
  • Interest rate risk: An increase in interest rates may cause the value of the sub-fund’s bonds to decrease.
  • Credit risk: An issuer may be unable to meet its obligations. If an issuer’s solvency position deteriorates, the value of the issuer’s bonds or of derivative instruments that are linked to this issuer may decrease.
  • Counterparty risk: The sub-fund may suffer losses if a counterparty defaults and is unable to meet its obligations, particularly if the transaction with the counterparty involves over-the-counter derivatives.
  • Exchange rate risk: The risk that the exchange rate of a given currency may vary with respect to that of another currency over the near or medium term.
  • The risk of using certain financial techniques: The use of complex products, such as derivative contracts, may amplify changes in the price of the sub-fund’s securities.
  • The risk of investing in contingent convertibles (CoCo’s): CoCo’s expose investors to various risks, such as loss absorbency, price fluctuations, trigger risk and conversion risk.
  • Liquidity risk: The sub-fund invest in markets which may be adversely affected by a decrease in liquidity. These market conditions may affect the price at which the asset manager buys or sells a given security.
  • Discretionary management risk: Since the investment strategy is based on projected changes in the various markets, there is a risk that the sub-fund may not be invested in the best-performing markets at any one time.
  • Operational risk: The risk of an error or wrongdoing on the part of a party involved in the management, valuation and/or custody of the sub-fund’s assets.

Disclaimer

Before investing in this fund, you should carefully read the Key Investor Information Document (the “KIID”) and the prospectus. The KIID, the prospectus, the audited annual report and the unaudited semi-annual report are available on this website.

The information presented above does not constitute investment advice and is intended solely for marketing purposes.

Past performance is not a reliable indicator of future results. Performance may vary over time. Investments in this fund are subject to market fluctuations and investors may not recover all of their initial investment. Pure Capital may vary the fund’s future exposures, allocations and investments as it deems appropriate to accommodate different market conditions. There can be no guarantee that investment objectives will be met.

Management fees, depositary bank fees, and all other fees and charges indicated in the prospectus as borne by the fund are included in the calculation of its net asset value and consequently of its performance. 

The taxation of this financial product depends on the investor’s specific situation.

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