OVHaiLLM/Flipper huggingface dataset:
### Performance summary (for the I-12-dist EUR share class)
In the 171 months since inception, the Fund has experienced 157 months of positive performance (91.8%). The performance during 3Q22 and the trailing 12-months was -0.06% and 14.86%, respectively. In terms of the cost of hedging, the I-12-dist USD share class produced a 1-year return of 15.90%, approximately 104 bps higher than the I-12-dist EUR share class (up from a 50 bps differential in 2Q22 and an 52 bps differential in 3Q21). The implied hedging costs for other currencies are shown in the “Update on FX hedging costs” section. Hedging costs have widened once again as interest rates continue to rise in response to inflation.
The quarterly, trailing-12-month, and three-year distribution returns were 0.58%, 2.26%, and 2.35%, respectively.
At September 30, 2022, the Fund exceeded a 14-year track record and had 5-year, 7-year, 10-year, and since inception returns of 7.78%, 7.20%, 7.40%, and 5.90% respectively, compared to the target return range for GREFS of 5-7% over a market cycle. The 5-year track record for the I-12-dist USD share class is 9.68%, highlighting the impact of FX hedging.

Translation (ENDE, 2022-09-30):
### Performance-Übersicht (für die Anteilsklasse I-12-dist EUR)
Die Monatsperformance des Fonds war in den 171 Monaten seit Auflegung 157 Mal positiv (91,8%). Die Performance während des dritten Quartals 2022 und der letzten 12 Monate betrug -0,06% beziehungsweise 14,86%. Was die Kosten der Wechselkurssicherung angeht, erzielte die Anteilsklasse I-12-dist USD über ein Jahr eine Rendite von 15,90%; das ist ein Plus von etwa 104 Basispunkten gegenüber der Anteilsklasse I-12-dist EUR (Anstieg im Vergleich zu 50 Basispunkten im zweiten Quartal 2022 und zu 52 Basispunkten im dritten Quartal 2021). Die implizierten Wechselkurssicherungskosten für andere Währungen sind im Abschnitt «Jüngste Entwicklung der Kosten der Wechselkurssicherung» dargestellt. Sie sind wegen der anhaltenden inflationsbedingten Zinsanstiege erneut gestiegen.
Die Ausschüttungsrendite lag im Berichtsquartal bei 0,58%, in den zwölf zurückliegenden Monaten bei 2,26% und in den letzten drei Jahren bei 2,35%.
Per 30. September 2022 übertraf der Fonds eine 14-jährige Erfolgsbilanz und erzielte eine Fünfjahresrendite von 7,78%, eine Siebenjahresrendite von 7,20%, eine Zehnjahresrendite von 7,40% und eine Rendite seit Auflegung von 5,90%; das für GREFS aufgestellte Renditeziel über einen Marktzyklus liegt bei 5% bis 7%. Die fünfjährige Erfolgsbilanz für die Anteilsklasse I-12-dist USD liegt bei 9,68%, was den Einfluss der Währungsabsicherung unterstreicht.
## Portfolio characteristics	Asset allocation
Average coupon	9.04%
Discount margin	11.36%
Spread at issuance	8.52%
Expected loss at issuance3	2.93%
Excess spread at issuance4	5.60%
Avg time to maturity (years)1.40
Modified duration0.12
Investment degree	81.74%
Number of positions128
Cat Bonds
Liquidity10
Private ILS

Translation (ENDE, 2023-06-30):
# Portfoliocharakteristika	Vermögensaufteilung
Durchschnittliche Kuponrendite	9,04%
Discount Margin	11,36%
Spread bei Emission	8,52%
Erwarteter Verlust bei Emission3	2,93%
Risikoadjustierter Spread4	5,60%
Durchschnittliche Restlaufzeit (Jahre)	1,40
Modifizierte Duration	0,12
Investitionsgrad	81,74%
Anzahl Positionen128
Cat Bonds
Liquidität10
Private ILS
## Fund facts
Domicile	Luxembourg
Legal structure	SICAV SIF
Inception date31.03.2023
End of fiscal year31.12.
Minimum investment	EUR 1’000’000
Dealing frequency	Subscriptions: 31.03., 30.06. &
31.12. Redemptions: 3103., 30.06.
& 31.12.
Subscriptions	3pm LUX Time, 30 CD prior to the Subscription Date: 31.03., 30.06. &
31.12.
Redemptions	3pm LUX Time, 95 CD prior to the Redemption Date: 31.03., 30.06. &
31.12.
ISIN	LU2260198986
Swiss Sec. No.58321713
WKN	A3EHTB
Bloomberg ticker	TWCTPAI LX Equity
Fund management company	MultiConcept Fund Management
S.A.
Investment manager	Twelve Capital AG Dufourstrasse 101
8008 Zurich, Switzerland
Portfolio manager	Florian Steiger
Managing Director, Head of Cat Bonds
ESG
- The Fund neither promotes environmental or social characteristics nor has a sustainable investment objective.
- The Fund is an Art 8 Fund within the meaning of the SustainableFinance Disclosure Regulation (SFDR) and integrates sustainability risks in the investment process, as required by the SFDR.

Translation (ENDE, 2023-06-30):
# Fondsdaten
Domizil	Luxembourg
Fondsstruktur	SICAV SIF
Auflegungsdatum31.03.2023
Ende des Finanzjahres31.12.
Mindestanlage	EUR 1’000’000
Handelsfrequenz	Zeichnungen: 31.03., 30.06. &
31.12. Rücknahmen: 3103., 30.06.
& 31.12.
Zeichnungen	15 Uhr LUX Zeit, 30 Kalendertage vor dem Zeichnungsdatum: 31.03.,
30.06. & 31.12.
Rücknahmen	15 Uhr LUX Zeit, 95 Kalendertage vor dem Rücknahmedatum: 31.03.,
30.06. & 31.12.
ISIN	LU2260198986
Valorennummer58321713
WKN	A3EHTB
Bloomberg Ticker	TWCTPAI LX Equity Fondsverwaltungsgesellschaft	MultiConcept Fund Management
S.A.
Investmentmanager	Twelve Capital AG Dufourstrasse 101
8008 Zürich, Schweiz
Portfoliomanager	Florian Steiger
Managing Director, Head of Cat Bonds
ESG
- Der Fonds berücksichtigt weder ökologische oder soziale Merkmale noch strebt er ein nachhaltiges Investitionsziel an.
- Der Fonds ist ein Art. 8 Fonds im Sinne der Sustainable FinanceDisclosure Regulation (SFDR) und bezieht Nachhaltigkeitsrisiken in den Anlageprozess ein, wie von der SFDR vorgeschrieben.
## Fund facts
Domicile	Luxembourg
Legal structure	SICAV SIF
Inception date31.12.2021
End of fiscal year31.12.
Minimum investment	USD 50’000’000
Dealing frequency	Subscriptions: 3103., 31.12.
Redemptions: 31.12.
Subscriptions	3pm CET, 45 CD prior to the Subscription Date: 3103. & 31.12.
Redemptions	3pm CET, 180 CD prior to the Redemption Date: 31.12.
ISIN	LU2260200048
Swiss Sec. No.58321727
WKN	A3C816
Bloomberg ticker	TWTPPSU LX Equity
Fund management company	MultiConcept Fund Management
S.A.
Investment manager	Twelve Capital AG Dufourstrasse 101
8008 Zurich, Switzerland
Portfolio manager	Jamie Rodney
Executive Director, Private ILS Strategy
ESG
- The Fund neither promotes environmental or social characteristics nor has a sustainable investment objective.
- The Fund is an Art 6 Fund within the meaning of the SustainableFinance Disclosure Regulation (SFDR) and integrates sustainability risks in the investment process, as required by the SFDR.

Translation (ENDE, 2022-06-30):
# Fondsdaten
Domizil	Luxembourg
Fondsstruktur	SICAV SIF
Auflegungsdatum31.12.2021
Ende des Finanzjahres31.12.
Mindestanlage	USD 50’000’000
Handelsfrequenz	Zeichnungen: 3103., 31.12.
Rücknahmen: 31.12.
Zeichnungen	15 Uhr CET, 45 Kalendertage vor dem Zeichnungsdatum: 31.03. & 31.12.
Rücknahmen	15 Uhr CET, 180 Kalendertage vor dem Rücknahmedatum: 31.12.
ISIN	LU2260200048
Valorennummer58321727
WKN	A3C816
Bloomberg Ticker	TWTPPSU LX Equity Fondsverwaltungsgesellschaft	MultiConcept Fund Management
S.A.
Investmentmanager	Twelve Capital AG Dufourstrasse 101
8008 Zürich, Schweiz
Portfoliomanager	Jamie Rodney
Executive Director, Private ILS Strategy
ESG
- Der Fonds berücksichtigt weder ökologische oder soziale Merkmale noch strebt er ein nachhaltiges Investitionsziel an.
- Der Fonds ist ein Art. 6 Fonds im Sinne der Sustainable FinanceDisclosure Regulation (SFDR) und bezieht Nachhaltigkeitsrisiken in den Anlageprozess ein, wie von der SFDR vorgeschrieben.
Source for all data and charts (if not indicated otherwise): LGT
* Hedged in USD. Currently, the following currencies are strategically hedged backed into USD: CHF, EUR, JPY, GBP and HKD.
** The return for the liquid alternatives portfolio includes the performance of the dynamic protection strategy up to and including 31 December 2020. As from 1 January 2021, this is no longer the case.

Translation (ENDE, 2021-12-31):
Quelle für sämtliche Daten und Grafiken (sofern nicht anders vermerkt): LGT
* Abgesichert in USD. Aktuell werden folgende Währungen strategisch gegenüber dem USD abgesichert: CHF, EUR, JPY, GBP und HKD.
** Die Rendite für das Liquid Alternatives Portfolio beinhaltet die Wertentwicklung der Dynamic Protection Strategie bis und mit 31. Dezember 2020. Ab 1. Januar 2021 ist dies nicht mehr der Fall.
Legend
NR	Net Dividends Reinvested
TR	Total Return
Josef Höger, detail from „View from pond to Castle Seebenstein,“ 1853

Translation (ENDE, 2021-12-31):
Legende
NR	Net Dividends Reinvested
TR	Total Return
Josef Höger, Detail aus «Blick vom Teich auf die Burg Seebenstein», 1853
# Private equity
| Asset class | strategic | Allocation current | Q1 | Absolute YTD | return* 2021 |
| --- | --- | --- | --- | --- | --- |
| Private equity | 22.0% | 21.5% | 0.6% | 0.6% | 40.0% |

Stage
0%	5%	10%	15%	20%	25%
Vintage year
0%	5%	10%	15%	20%
Balanced private equity
Growth capital Large buyout Mega buyout
Middle market buyout
Small buyout Special situations/turnaround
Venture capital
Others
3.4%
3.0%
9.3%
12.1%
9.8%
10.5%
17.2%
16.7%
18.0%
2008
| 1998-2006 |  |  | 1.1% |
| --- | --- | --- | --- |
| 2007 |  |  | 1.5% |

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
0.7%
0.6%
1.1%
1.0%
0.6%
3.9%
4.5%
10.0%
10.3%
8.6%
11.3%
7.3%
7.6%
15.4%
14.5%
| Top external mandates Name | Stage | Weight |
| --- | --- | --- |
| Bain Capital | Large buyouts | 4.5% |
| Warburg Pincus & Co. | Later stage ventures | 3.5% |
| Hellman & Friedman | Large buyouts | 2.6% |
| TPG Capital Partners | Large buyouts | 2.6% |
| Genstar Capital | Small/mid size buyouts | 2.3% |
| Index Ventures | Early stage ventures | 1.6% |
| TPG Growth | Large buyouts | 1.6% |
| Clayton, Dubilier & Rice | Large buyouts | 1.5% |
| Point Nine Capital | Large buyouts | 1.5% |
| Sequoia Capital | Later stage ventures | 1.5% |

Translation (ENDE, 2022-03-31):
# Private Equity
Aufteilung	Absolute Rendite*
| Anlageklasse | strategisch | aktuell | Q1 | YTD | 2021 |
| --- | --- | --- | --- | --- | --- |
| Private Equity | 22.0% | 21.5% | 0.6% | 0.6% | 40.0% |

Segmente
0%	5%	10%	15%	20%	25%
Jahrgang
0%	5%	10%	15%	20%
Balanced private equity
Growth capital Large buyout Mega buyout
Middle market buyout
Small buyout Special situations/turnaround
Venture Capital
Sonstige
3.4%
3.0%
9.3%
12.1%
9.8%
10.5%
17.2%
16.7%
18.0%
2008
| 1998-2006 |  |  | 1.1% |
| --- | --- | --- | --- |
| 2007 |  |  | 1.5% |

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
0.7%
0.6%
1.1%
1.0%
0.6%
3.9%
4.5%
10.0%
10.3%
8.6%
11.3%
7.3%
7.6%
15.4%
14.5%
| Die grössten externen Mandate Name | Segmente | Gewicht |
| --- | --- | --- |
| Bain Capital | Large buyouts | 4.5% |
| Warburg Pincus & Co. | Later stage ventures | 3.5% |
| Hellman & Friedman | Large buyouts | 2.6% |
| TPG Capital Partners | Large buyouts | 2.6% |
| Genstar Capital | Small/Mid size buyouts | 2.3% |
| Index Ventures | Early stage ventures | 1.6% |
| TPG Growth | Large buyouts | 1.6% |
| Clayton, Dubilier & Rice | Large buyouts | 1.5% |
| Point Nine Capital | Large buyouts | 1.5% |
| Sequoia Capital | Later stage ventures | 1.5% |
# Share classes overview
LGT Premium Strategy GIM (USD) B	30/06/2000 – 30/06/2021, net of fees
Inception date	31 October 1999
ISIN	LI0242851330
Securities number	24285133
Issue/Redemption	Monthly
Valuation	Monthly
Net asset value per share		USD 1 668.31 Total fund assets	USD 13 836.08 m
Performance and risk*
Year 2021	8.49%
Year 2020	9.21%
Year 2019	12.80%
Last 12 months	22.46%
Last 5 years p.a.	7.53%
Since inception p.a.	4.89%
Volatility p.a.	8.49%
Sharpe ratio	0.93
20%
15%
10%
5%
0%
-5%
-10%
-15%
Monthly return (left scale)
Indexed performance (right scale)
3000
2500
2000
1500
1000
500

Translation (ENDE, 2021-06-30):
# Anteilsklassen Übersicht
LGT Premium Strategy GIM (USD) B	30.06.2000 – 30.06.2021, nach Kosten
Lancierungsdatum	31. Oktober 1999
ISIN	LI0242851330
Valoren-Nummer	24285133
Ausgabe/Rücknahme	Monatlich
Bewertung	Monatlich
Nettoinventarwert pro Anteil	USD 1 668.31
Fondsvermögen	USD 13 836.08 Mio.
Wertentwicklung und Risiko*
Jahr 2021	8.49%
Jahr 2020	9.21%
Jahr 2019	12.80%
Letzte 12 Monate	22.46%
Letzte 5 Jahre p.a.	7.53%
Seit Auflegung p.a.	4.89%
Volatilität p.a.	8.49%
Sharpe Ratio	0.93
20%
15%
10%
5%
0%
-5%
-10%
-15%
Monatliche Rendite (linke Skala)
Indexierte Wertentwicklung (rechte Skala)
3000
2500
2000
1500
1000
500
06/00
06/01
06/02
06/03
06/04
06/05
06/06
06/07
06/08
06/09
06/10
06/11
06/12
06/13
06/14
06/15
06/16
06/17
06/18
06/19
06/20
06/21
-500
LGT Premium Strategy GIM (EUR) B	30/06/2000 – 30/06/2021, net of fees
Inception date	31 October 1999
ISIN	LI0242851355
Securities number	24285135
Issue/Redemption	Monthly
Valuation	Monthly
Net asset value per share	EUR 1 630.31
Total fund assets	EUR 11 670.11 m
Performance and risk*
Year 2021	8.93%
Year 2020	5.66%
Year 2019	11.66%
Last 12 months	19.61%
Last 5 years p.a.	5.74%
Since inception p.a.	4.06%
Volatility p.a.	7.99%
Sharpe ratio	1.01
15%
10%
5%
0%
-5%
-10%
-15%
Monthly return (left scale)
Indexed performance (right scale)
2500
2000
1500
1000
500

Translation (ENDE, 2021-06-30):
06/00
06/01
06/02
06/03
06/04
06/05
06/06
06/07
06/08
06/09
06/10
06/11
06/12
06/13
06/14
06/15
06/16
06/17
06/18
06/19
06/20
06/21
-500
LGT Premium Strategy GIM (EUR) B	30.06.2000 – 30.06.2021, nach Kosten
Lancierungsdatum	31. Oktober 1999
ISIN	LI0242851355
Valoren-Nummer	24285135
Ausgabe/Rücknahme	Monatlich
Bewertung	Monatlich
Nettoinventarwert pro Anteil	EUR 1 630.31
Fondsvermögen	EUR 11 670.11 Mio.
Wertentwicklung und Risiko*
Jahr 2021	8.93%
Jahr 2020	5.66%
Jahr 2019	11.66%
Letzte 12 Monate	19.61%
Letzte 5 Jahre p.a.	5.74%
Seit Auflegung p.a.	4.06%
Volatilität p.a.	7.99%
Sharpe Ratio	1.01
15%
10%
5%
0%
-5%
-10%
-15%
Monatliche Rendite (linke Skala)
Indexierte Wertentwicklung (rechte Skala)
2500
2000
1500
1000
500
REITs – regions
0%	20%	40%	60%	80%
REITs – sectors
0%	5%	10%	15%	20%	25%
North America
Asia/Pacific ex Japan
Europe
Japan
53.7%
Residential Specialized
Retail Industrial Diversified
Office Health care Hotel & Resort
18.8%
18.6%

Translation (ENDE, 2021-06-30):
REITs – Regionen
0%	20%	40%	60%	80%
REITs – Sektoren
0%	5%	10%	15%	20%	25%
Nordamerika
Asien/Pazifik ex Japan
Europa
Japan
53.7%
Wohnbau Spezialisiert
Handel Industriell Verschiedene
Büro Gesundheitswesen Hotel & Resort
18.8%
18.6%
GIM –
The Princely Strategy
LGT Premium Strategy GIM (S1/S2) – 4th quarter 2022
Josef Höger, detail from “View from the Rettenbach Alp towards the Totes Gebirge”, around 1836

Translation (ENDE, 2022-12-31):
GIM –
Die Fürstliche Strategie
LGT Premium Strategy GIM (S1/S2) – 4. Quartal 2022
Josef Höger, Detail aus «Blick von der Rettenbach-Alpe gegen das Tote Gebirge», um 1836
Currencies
EUR CHF GBP CNH SGD AUD
-6.2%
-1.5%
-11.2%
-8.1%
-6.8%
0.5%
Source for all data and charts (if not indicated otherwise): LGT
* The description of the comparative indices can be found in the appendix.
** Unhedged in USD. Blend of hard and local currency.

Translation (ENDE, 2022-12-31):
Währungen
EUR CHF GBP CNH SGD AUD
-6.2%
-1.5%
-11.2%
-8.1%
-6.8%
0.5%
Quelle für sämtliche Daten und Grafiken (sofern nicht anders vermerkt): LGT
* Die Beschreibung der Vergleichsindizes finden Sie im Anhang.
** Nicht abgesichert in USD. Mischung aus harter und lokaler Währung.
REITs – regions
0%	20%	40%	60%	80%
REITs – sectors
0%	5%	10%	15%	20%	25%
North America
Europe
Asia/Pacific ex Japan
Japan
62.8%
Specialized
Retail Residential Industrial
Office Diversified Health care Hotel & Resort
2.9%
10.3%
8.6%
8.4%
18.6%
18.2%
17.8%
15.2%

Translation (ENDE, 2022-12-31):
REITs – Regionen
0%	20%	40%	60%	80%
REITs – Sektoren
0%	5%	10%	15%	20%	25%
Nordamerika
Europa
Asien/Pazifik ex Japan
Japan
62.8%
Spezialisiert
Handel Wohnbau Industriell
Büro Verschiedene Gesundheitswesen Hotel & Resort
2.9%
10.3%
8.6%
8.4%
18.6%
18.2%
17.8%
15.2%
# Share classes overview
LGT Premium Strategy GIM (USD) B	31/12/1999 – 31/12/2021, net of fees
Inception date	31 October 1999
ISIN	LI0242851330
Securities number	24285133
Issue/Redemption	Monthly
Valuation	Monthly
Net asset value per share		USD 1 733.45 Total fund assets	USD 15 435.68 m
Performance and risk*
Year 2021	12.73%
Year 2020	9.21%
Year 2019	12.80%
Last 12 months	12.73%
Last 5 years p.a.	7.81%
Since inception p.a.	4.96%
Volatility p.a.	8.00%
Sharpe ratio	1.35
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
Monthly return (left scale)
Indexed performance (right scale)
3500
3000
2500
2000
1500
1000
500

Translation (ENDE, 2021-12-31):
# Anteilsklassen Übersicht
LGT Premium Strategy GIM (USD) B	31.12.1999 – 31.12.2021, nach Kosten
Lancierungsdatum	31. Oktober 1999
ISIN	LI0242851330
Valoren-Nummer	24285133
Ausgabe/Rücknahme	Monatlich
Bewertung	Monatlich
Nettoinventarwert pro Anteil	USD 1 733.45
Fondsvermögen	USD 15 435.68 Mio.
Wertentwicklung und Risiko*
Jahr 2021	12.73%
Jahr 2020	9.21%
Jahr 2019	12.80%
Letzte 12 Monate	12.73%
Letzte 5 Jahre p.a.	7.81%
Seit Auflegung p.a.	4.96%
Volatilität p.a.	8.00%
Sharpe Ratio	1.35
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
Monatliche Rendite (linke Skala)
Indexierte Wertentwicklung (rechte Skala)
3500
3000
2500
2000
1500
1000
500
12/99
12/00
12/01
12/02
12/03
12/04
12/05
12/06
12/07
12/08
12/09
12/10
12/11
12/12
12/13
12/14
12/15
12/16
12/17
12/18
12/19
12/20
12/21
-500
LGT Premium Strategy GIM (EUR) B	31/12/1999 – 31/12/2021, net of fees
Inception date	31 October 1999
ISIN	LI0242851355
Securities number	24285135
Issue/Redemption	Monthly
Valuation	Monthly
Net asset value per share	EUR 1 704.16
Total fund assets	EUR 13 572.82 m
Performance and risk*
Year 2021	13.87%
Year 2020	5.66%
Year 2019	11.66%
Last 12 months	13.87%
Last 5 years p.a.	5.97%
Since inception p.a.	4.17%
Volatility p.a.	7.49%
Sharpe ratio	1.47
20%
15%
10%
5%
0%
-5%
-10%
-15%
Monthly return (left scale)
Indexed performance (right scale)
3000
2500
2000
1500
1000
500

Translation (ENDE, 2021-12-31):
12/99
12/00
12/01
12/02
12/03
12/04
12/05
12/06
12/07
12/08
12/09
12/10
12/11
12/12
12/13
12/14
12/15
12/16
12/17
12/18
12/19
12/20
12/21
-500
LGT Premium Strategy GIM (EUR) B	31.12.1999 – 31.12.2021, nach Kosten
Lancierungsdatum	31. Oktober 1999
ISIN	LI0242851355
Valoren-Nummer	24285135
Ausgabe/Rücknahme	Monatlich
Bewertung	Monatlich
Nettoinventarwert pro Anteil	EUR 1 704.16
Fondsvermögen	EUR 13 572.82 Mio.
Wertentwicklung und Risiko*
Jahr 2021	13.87%
Jahr 2020	5.66%
Jahr 2019	11.66%
Letzte 12 Monate	13.87%
Letzte 5 Jahre p.a.	5.97%
Seit Auflegung p.a.	4.17%
Volatilität p.a.	7.49%
Sharpe Ratio	1.47
20%
15%
10%
5%
0%
-5%
-10%
-15%
Monatliche Rendite (linke Skala)
Indexierte Wertentwicklung (rechte Skala)
3000
2500
2000
1500
1000
500
# Private equity
Allocation	Absolute return*
| Asset class | strategic | current | Q4 | YTD | 2020 |
| --- | --- | --- | --- | --- | --- |
| Private equity | 22.0% | 21.8% | 4.9% | 40.0% | 20.1% |

Stage
0%	5%	10%	15%	20%	25%
Vintage year
0%	5%	10%	15%	20%
Balanced private equity
Growth capital Large buyout Mega buyout
Middle market buyout
Small buyout Special situations/turnaround
Venture capital
Others
3.2%
3.7%
9.6%
11.3%
9.6%
11.6%
17.5%
15.9%
17.8%
1998-2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1.3%
2.0%
0.9%
0.6%
1.3%
1.5%
4.2%
5.0%
7.4%
11.5%
11.5%
10.5%
11.9%
15.7%
14.7%
| Top external mandates Name | Stage | Weight |
| --- | --- | --- |
| Bain Capital | Large buyouts | 4.4% |
| Warburg Pincus & Co. | Later stage ventures | 3.5% |
| TPG Capital Partners | Large buyouts | 2.6% |
| Genstar Capital | Small/mid size buyouts | 2.3% |
| Hellman & Friedman | Large buyouts | 2.2% |
| Index Ventures | Early stage ventures | 2.0% |
| Baring Vostok Capital Partners | Small/mid size buyouts | 1.8% |
| Clayton, Dubilier & Rice | Large buyouts | 1.7% |
| Point Nine Capital | Large buyouts | 1.5% |
| Sequoia Capital | Later stage ventures | 1.5% |

Translation (ENDE, 2021-12-31):
# Private Equity
| Anlageklasse | strategisch | Aufteilung aktuell | Q4 | Absolute YTD | Rendite* 2020 |
| --- | --- | --- | --- | --- | --- |
| Private Equity | 22.0% | 21.8% | 4.9% | 40.0% | 20.1% |

Segmente
0%	5%	10%	15%	20%	25%
Jahrgang
0%	5%	10%	15%	20%
Balanced private equity
Growth capital Large buyout Mega buyout
Middle market buyout
Small buyout Special situations/turnaround
Venture Capital
Sonstige
3.2%
3.7%
9.6%
11.3%
9.6%
11.6%
17.5%
15.9%
17.8%
1998-2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1.3%
2.0%
0.9%
0.6%
1.3%
1.5%
4.2%
5.0%
7.4%
11.5%
11.5%
10.5%
11.9%
15.7%
14.7%
| Die grössten externen Mandate Name | Segmente | Gewicht |
| --- | --- | --- |
| Bain Capital | Large buyouts | 4.4% |
| Warburg Pincus & Co. | Later stage ventures | 3.5% |
| TPG Capital Partners | Large buyouts | 2.6% |
| Genstar Capital | Small/Mid size buyouts | 2.3% |
| Hellman & Friedman | Large buyouts | 2.2% |
| Index Ventures | Early stage ventures | 2.0% |
| Baring Vostok Capital Partners | Small/Mid size buyouts | 1.8% |
| Clayton, Dubilier & Rice | Large buyouts | 1.7% |
| Point Nine Capital | Large buyouts | 1.5% |
| Sequoia Capital | Later stage ventures | 1.5% |
# Comparative indices
| # | Region | Index |
| --- | --- | --- |
| 1 | Equities/Global (ACWI) | MSCI AC World (hedged USD) (NR) |
| 2 | Developed market equities | MSCI World (hedged USD) (NR) |
| 3 | Equity global defensive | MSCI World (hedged USD) (NR) |
| 4 | Equities North America | MSCI North America (hedged USD) (NR) |
| 5 | Equities Europe | MSCI Europe (hedged USD) (NR) |
| 6 | Equities Japan | MSCI Japan (hedged USD) (NR) |
| 7 | Equities emerging markets | MSCI Emerging Markets (USD) (NR) |
| 8 | Fixed income | JPM Government Bond Index Global (hedged USD) (TR) |
| 9 | Investment grade bonds | Bloomberg Barclays Global-Aggregate Ex-Securitized Ex-CNY (hedged USD) (TR) |
| 10 | High yield bonds | ICE BofA ML Global High Yield Constrained Index (hedged USD) (TR) |
| 11 | Emerging markets bonds | 50% JPM EMBI Global Diversified (USD) (TR) / 50% JPM GBI-EM Global Diversified (USD) (TR) |
| 12 | Real assets | 66.7% MSCI World Real Estate (hedged USD) (NR) / 33.3% MSCI World Infrastructure (hedged USD) (NR) |
| 13 | Real estate | MSCI World Real Estate (hedged USD) (NR) |
| 14 | Infrastructure | MSCI World Infrastructure (hedged USD) (NR) |
| 15 | Insurance-linked strategies | Eurekahedge ILS Advisers Index (hedged USD) |
| 16 | Hedge funds | HFRX Global Hedge Fund (USD) (TR) |
| 17 | Private equity | As there is no comparative index we are using GIM private equity. |

Legend
NR	Net Dividends Reinvested
TR	Total Return
Josef Höger, detail from „View from pond to Castle Seebenstein,“ 1853

Translation (ENDE, 2021-12-31):
# Vergleichsindizes
| # | Region | Index |
| --- | --- | --- |
| 1 | Aktien/Global (ACWI) | MSCI AC World (hedged USD) (NR) |
| 2 | Aktien entwickelte Länder | MSCI World (hedged USD) (NR) |
| 3 | Global defensive Aktien | MSCI World (hedged USD) (NR) |
| 4 | Aktien Nordamerika | MSCI North America (hedged USD) (NR) |
| 5 | Aktien Europa | MSCI Europe (hedged USD) (NR) |
| 6 | Aktien Japan | MSCI Japan (hedged USD) (NR) |
| 7 | Aktien Schwellenländer | MSCI Emerging Markets (USD) (NR) |
| 8 | Anleihen | JPM Government Bond Index Global (hedged USD) (TR) |
| 9 | Investment Grade-Anleihen | Bloomberg Barclays Global-Aggregate Ex-Securitized Ex-CNY (hedged USD) (TR) |
| 10 | Hochverzinsliche Anleihen | ICE BofA ML Global High Yield Constrained Index (hedged USD) (TR) |
| 11 | Schwellenländer Anleihen | 50% JPM EMBI Global Diversified (USD) (TR) / 50% JPM GBI-EM Global Diversified (USD) (TR) |
| 12 | Realwerte | 66.7% MSCI World Real Estate (hedged USD) (NR) / 33.3% MSCI World Infrastructure (hedged USD) (NR) |
| 13 | Immobilien | MSCI World Real Estate (hedged USD) (NR) |
| 14 | Infrastruktur | MSCI World Infrastructure (hedged USD) (NR) |
| 15 | Versicherungsbasierte Anlagen | Eurekahedge ILS Advisers Index (hedged USD) |
| 16 | Hedge Funds | HFRX Global Hedge Fund (USD) (TR) |
| 17 | Private Equity | Da kein vergleichbarer Index besteht, verwenden wir GIM Private Equity. |

Legende
NR	Net Dividends Reinvested
TR	Total Return
Josef Höger, Detail aus «Blick vom Teich auf die Burg Seebenstein», 1853