OVHaiLLM/Flipper huggingface dataset:
# Investment instruments and currencies (%)	10 largest bond issuers (%)
|  | Cash + Bonds 1 | Equities | Total | Total 2 |  |  | Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| AUD | 0 | 0 | 0 | -0.7 |  | Apple Inc | 2.71 |
| CAD | 0 | 0 | 0 | 0.0 |  | United States Treasury Note/Bond | 2.52 |
| CHF | 0.1 | 0 | 0.1 | 0.0 |  | Kreditanstalt fuer WiederauЫau | 2.09 |
| CNY | 0.0 | 0 | 0.0 | 0.0 |  | European Investment Bank | 1.83 |
| CZK | 0 | 0 | 0 | 0.0 |  | Asian Development Bank | 1.76 |
| EUR | 2.0 | 0 | 2.0 | 0.1 |  | Microsoft Corp | 1.51 |
| GBP | 0.1 | 0 | 0.1 | 0.0 |  | Province of Ontario Canada | 1.47 |
| HKD | 0 | 0 | 0 | -0.1 |  | Johnson & Johnson | 1.32 |
| JPY | 0 | 0 | 0 | 0.1 |  | Walmart Inc | 1.29 |
| PLN | 0 | 0 | 0 | 0.0 |  | Kuwait International Government Bond | 1.18 |
| SGD | 0 | 0 | 0 | 0.7 |  |  |  |
| USD | 97.8 | 0 | 97.8 | 99.2 |  |  |  |
| DIV | 0.1 | 0 | 0.1 | 0.7 |  |  |  |
| Total | 100.1 | 0 | 100.1 | 100.0 |  |  |  |

- of which: 4.99% high-yield bonds, 10.92% emerging market bonds
- incl. currency hedging

Translation (ENES, 2020-08-31):
# Instrumentos de inversión y divisas (%)	10 emisores de bonos más grandes (%)
|  | Liquidez + Obligaciones 1 | Renta variable | Total | Total 2 |  |  | Fondos |
| --- | --- | --- | --- | --- | --- | --- | --- |
| AUD | 0 | 0 | 0 | -0.7 |  | Apple Inc | 2.71 |
| CAD | 0 | 0 | 0 | 0.0 |  | United States Treasury Note/Bond | 2.52 |
| CHF | 0.1 | 0 | 0.1 | 0.0 |  | Kreditanstalt fuer WiederauЫau | 2.09 |
| CNY | 0.0 | 0 | 0.0 | 0.0 |  | European Investment Bank | 1.83 |
| CZK | 0 | 0 | 0 | 0.0 |  | Asian Development Bank | 1.76 |
| EUR | 2.0 | 0 | 2.0 | 0.1 |  | Microsoft Corp | 1.51 |
| GBP | 0.1 | 0 | 0.1 | 0.0 |  | Province of Ontario Canada | 1.47 |
| HKD | 0 | 0 | 0 | -0.1 |  | Johnson & Johnson | 1.32 |
| JPY | 0 | 0 | 0 | 0.1 |  | Walmart Inc | 1.29 |
| PLN | 0 | 0 | 0 | 0.0 |  | Kuwait International Government Bond | 1.18 |
| SGD | 0 | 0 | 0 | 0.7 |  |  |  |
| USD | 97.8 | 0 | 97.8 | 99.2 |  |  |  |
| DIV | 0.1 | 0 | 0.1 | 0.7 |  |  |  |
| Total | 100.1 | 0 | 100.1 | 100.0 |  |  |  |

- un 4.99% en bonos de alta rentabilidad en USD y un 10.92% en bonos de mercados emergentes
- incl. Cobertura del riesgo de cambio
# Fund description
- This actively managed equity fund invests in selected US companies that are expected to deliver above market average total yields. Total Yield is the sum of yields from dividend distributions and from company profits returned to shareholders via share buybacks.
- Focus on quality factors with the aim to exclude low quality stocks.

Translation (ENES, 2021-09-30):
# Retrato resumido del Fondo
- Este fondo de renta variable de gestión activa invierte en empresas estadounidenses que se prevé que ofrezcan rendimientos totales superiores a los del mercado. El rendimiento total es la suma de los rendimientos procedentes de los repartos de dividendos y de los beneficios empresariales que se devuelven a los accionistas mediante recompras de acciones.
- El fondo se centra en factores de calidad a fin de descartar títulos de baja calidad.
# Additional information
- The portfolio is well diversified with low single stock weights and broad sector allocation.
- UBS Total Yield Equity Funds have typical equity risk characteristics. Total yield must not be confused with total return.
- The distributing (-dist) share classes of this sub-fund intend to distribute capital (share buyback yield) as well as income (e.g. from dividends). See risk section below.

Translation (ENES, 2021-09-30):
# información adicional
- Está bien diversificado, con ponderaciones bajas en valores individuales y una amplia asignación por sectores.
- Los UBS Total Yield Equity Funds presentan las características habituales de riesgo de la renta variable. No debe confundirse el rendimiento total con la rentabilidad total.
- Las clases de participaciones de reparto (rep.) pretenden distribuir capital (rentabilidad por recompra de acciones) y rendimientos (p. ej., en forma de dividendos). Véase la sección de riesgos.
# Fund statistics
Fund domicile	Luxembourg
|  |  |
| --- | --- |
| 1  as at 14.02.2022 |
| 2  As of 31.08.2022 | – low |  | 53.26 |
|  | Total fund assets (EUR m) |  | 18.76 |
|  | Share class assets (EUR m) |  | 0.58 |
|  |  |  |  |
|  |  | 3 years | 5 years |
|  | Volatility 1 – Fund | 16.16% | 14.22% |
|  | Sharpe ratio | -0.77 | -0.60 |
|  | Risk free rate | -0.42% | -0.42% |
|  | 1  Annualised standard deviation |  |  |

Morningstar Sustainability rating
2
Net asset value (EUR, 31.10.2022)53.29
Last 12 months (EUR) – high84.60

Translation (ENES, 2022-10-31):
# Indicadores del fondo
Nombre de la Sociedad gestora
UBS Fund Management (Luxembourg) S.A.,
Luxembourg
Valor liquidativo (EUR, 31.10.2022)53.29
Últimos 12 meses (EUR) – Alto84.60
Domicilio del fondo	Luxemburgo Calificación de sostenibilidad de
Morningstar
2
1 
a 14.02.2022
- A partir de 31.08.2022– Bajo53.26Patrimonio total del fondo (EUR en millones)18.76Cuota del patrim.del fondo (EUR en mill)0.58Volatility1– Fund	16.16%	14.22%Sharpe ratio	-0.77	-0.60Risk free rate	-0.42%	-0.42%1 Desviación estándar anual.
# Benefits
Easy access to the growth story in Asia that is broadening out beyond China.
One-stop, multi-asset solution capturing a growing range of investible opportunities.
Fund with a risk aware approach to provide attractive risk- adjusted returns.
A dedicated and experienced investment team drawing on the full global asset allocation resources and risk management systems of UBS.

Translation (ENES, 2022-10-31):
Ventajas
Fácil acceso al relato de crecimiento de Asia que está expandiéndose más allá de China.
Solución multiactivo integral que capta un creciente abanico de oportunidades invertibles.
Fondo con un enfoque consciente de los riesgos para proporcionar rentabilidades ajustadas por el riesgo atractivas. Un experimentado equipo de inversión especializado que emplea todos los recursos de asignación de activos y los sistemas de gestión del riesgo globales de UBS.
## Performance (basis GBP, net of fees)1
275
250
225
200
175
150
125
100
75
50
Rebased to 100 on the basis of month-end data	in %
+70
+60
+50
+40
+30
+20
+10

Translation (ENES, 2023-03-31):
# Rentabilidad (base GBP, neta de comis.)1
275
250
225
200
175
150
125
100
75
50
25
Ajustada a base 100 con los datos de cierre del mes	en %
+70
+60
+50
+40
+30
+20
+10
## Fund description
- The actively managed fund invests globally and flexibly in a diversified range of mainly high- quality bonds, equities as well as alternative investments, including hedge funds.
- The equity exposure varies decisively depending on the market situation and will normally be within a range of 0% and 40%. In deteriorating investment environments, the model reduces risk in the portfolio to lower equity exposure in downturns. In improving investment environments the model increases equity exposure.

Translation (ENES, 2022-12-31):
## Retrato resumido del Fondo
- El fondo, de gestión activa, invierte en todo el mundo y de manera flexible en un abanico diversificado de, principalmente, bonos de alta calidad y acciones, además de inversiones alternativas, incluidos hedge funds.
- La exposición a renta variable varía de forma decisiva en función de la situación del mercado y, en circunstancias normales, se situará entre el 0% y el 40%. En entornos de inversión negativos, el modelo reduce el riesgo de la cartera recortando la exposición a renta variable en épocas bajistas. En entornos de inversión positivos, el modelo incrementa la exposición a renta variable.
# Performance (basis USD, net of fees)1
Rebased to 100 on the basis of month-end data	in %
140
130
120
110
100
90
+16
+12
+8
+4

Translation (ENES, 2021-09-30):
# Rentabilidad (base USD, neta de comis.)1
Ajustada a base 100 con los datos de cierre del mes	en %
140
130
120
110
100
90
+16
+12
+8
+4
| Fund |
| --- |
| AUD | 1.0 |
| EUR |  | 99.4 |
|  |
| CHF | 0.2 |
| SEK	-1.5 |  |
| GBP | 0.1 |
| JPY	-0.6 |  |
| USD | 0.3 |
| CAD	-1.5 |  |
| DIV | 2.7 |
| DKK | 0.0 |

Translation (ENES, 2021-09-30):
| Fondos |
| --- |
| AUD | 1.0 |
| EUR |  | 99.4 |
|  |
| CHF | 0.2 |
| SEK	-1.5 |  |
| GBP | 0.1 |
| JPY	-0.6 |  |
| USD | 0.3 |
| CAD	-1.5 |  |
| DIV | 2.7 |
| DKK | 0.0 |
# Fund statistics
Net asset value (EUR, 31.08.2022)90.99
Fund domicile	Luxembourg
Overall Morningstar Rating	QQQQ
- yield to maturity before currency hedging
- as at 11.02.2022

Translation (ENES, 2022-08-31):
# Indicadores del fondo
Valor liquidativo (EUR, 31.08.2022)90.99
Nombre de la Sociedad gestora
UBS Fund Management (Luxembourg) S.A.,
Luxembourg
Últimos 12 meses (EUR) – Alto102.21
– Bajo90.98
Domicilio del fondo	Luxemburgo Calificación general de Morningstar		QQQQ
- rentabilidad hasta el vencimiento antes de la cobertura del riesgo cambiario
- a 11.02.2022Patrimonio total del fondo (EUR en millones)1 187.49Cuota del patrim.del fondo (EUR en mill)8.88

| 3 años | 5 años |
| --- | --- |
| Volatility 1 – Fund	6.83% | 6.04% |
| Sharpe ratio	-0.19 | 0.16 |
| Risk free rate	-0.48% | -0.45% |

1 
Desviación estándar anual.
| 10 largest positions (%) 1 |
| --- |
|  |  | Fund |
| International Bank for Reconstruction & Developmen | 9.6 |
| Asian Development Bank | 8.7 |
| Inter-American Development Bank | 5.9 |
| European Bank for Reconstruction & Development | 1.9 |
| African Development Bank | 1.8 |
| International Finance Corp | 1.5 |
| European Investment Bank | 1.4 |
| Bank of America Corp | 1.3 |
| JPMorgan Chase & Co | 1.1 |
| United States Treasury Note/Bond | 1.0 |
|  | This is not a recommendation to buy or sell any security |  |

Translation (ENES, 2023-03-31):
| 10 largest positions (%) 1 |
| --- |
|  |  | Fondo |
| International Bank for Reconstruction & Developmen | 9.6 |
| Asian Development Bank | 8.7 |
| Inter-American Development Bank | 5.9 |
| European Bank for Reconstruction & Development | 1.9 |
| African Development Bank | 1.8 |
| International Finance Corp | 1.5 |
| European Investment Bank | 1.4 |
| Bank of America Corp | 1.3 |
| JPMorgan Chase & Co | 1.1 |
| United States Treasury Note/Bond | 1.0 |
|  | This is not a recommendation to buy or sell any security |  |
| Fund	Deviation from index |
| --- |
| AAA | 14.29 |  | -6.1 |  |
| AA | 13.39 | -20.3 |  |  |
| A | 32.05 |  |  |  | +5.4 |
|  |
| BBB | 36.11 |  |  |  | +16.9 |
|  |
| BB and lower | 2.28 |  |  | +2.3 |
| Cash | 1.88 |  |  | +1.9 |

Translation (ENES, 2021-09-30):
| Fondos	Desviación del índice |
| --- |
| AAA | 14.29 |  | -6.1 |  |
| AA | 13.39 | -20.3 |  |  |
| A | 32.05 |  |  |  | +5.4 |
|  |
| BBB | 36.11 |  |  |  | +16.9 |
|  |
| BB o inferior | 2.28 |  |  | +2.3 |
| Liquidez | 1.88 |  |  | +1.9 |
| 10 largest positions (%) |  |
| --- | --- |
|  | Fund |
| Zuercher Kantonalbank | 6.60 |
| Muenchener Hypothekenbank eG | 3.60 |
| Canadian Imperial Bank of Commerce | 2.65 |
| Deutsche Bahn Finance GMBH | 2.53 |
| TotalEnergies Capital International SA | 2.52 |
| BNP Paribas SA | 2.38 |
| Credit Agricole Home Loan SFH SA | 2.36 |
| ADCB Finance Cayman Ltd | 2.33 |
| Transurban Queensland Finance Pty Ltd | 2.19 |
| First Abu Dhabi Bank PJSC | 2.15 |

Translation (ENES, 2021-09-30):
| 10 posiciones más grandes (%) |  |
| --- | --- |
|  | Fondos |
| Zuercher Kantonalbank | 6.60 |
| Muenchener Hypothekenbank eG | 3.60 |
| Canadian Imperial Bank of Commerce | 2.65 |
| Deutsche Bahn Finance GMBH | 2.53 |
| TotalEnergies Capital International SA | 2.52 |
| BNP Paribas SA | 2.38 |
| Credit Agricole Home Loan SFH SA | 2.36 |
| ADCB Finance Cayman Ltd | 2.33 |
| Transurban Queensland Finance Pty Ltd | 2.19 |
| First Abu Dhabi Bank PJSC | 2.15 |
| Fund	Deviation from index |
| --- |
| Corporates – Financial | 52.71 |  |  |  | +18.1 |
|  |
| Government Related | 20.89 | -9.2 |  |  |
|  |
| Corporates – Industrial | 16.46 |  | -0.5 |  |
| Collateralized | 4.13 | -5.6 |  |  |
|  |
| Sovereign/ Supranational | 2.29 | -5.9 |  |  |
|  |
| Cash | 1.88 |  |  | +1.9 |
| Corporates – Utility | 1.64 |  |  | +1.2 |
| Treasuries | 0.00 |  |  |  |

Translation (ENES, 2021-09-30):
| Fondo	Desviación del índice s |
| --- |
| Corporates – Financial | 52.71 |  |  |  | +18.1 |
|  |
| Government Related | 20.89 | -9.2 |  |  |
|  |
| Corporates - Industrial | 16.46 |  | -0.5 |  |
| Collateralized | 4.13 | -5.6 |  |  |
|  |
| Sovereign/ Supranational | 2.29 | -5.9 |  |  |
|  |
| Cash | 1.88 |  |  | +1.9 |
| Corporates – Utility | 1.64 |  |  | +1.2 |
| Treasuries | 0.00 |  |  |  |
Benefits
Investors benefit from a diversified CHF bond portfolio offering attractive return potential as the fund combines active duration and yield curve management with sector and security selection.
Integrating material sustainability criteria into credit research alongside financial analysis enhances our credit research and helps us make better informed investment decisions as well as providing a more holistic risk assessment.
The portfolio is subject to stringent risk management and can be an ideal building block for a bond portfolio or part of a balanced portfolio.

Translation (ENES, 2021-09-30):
Beneficios
Los inversores se benefician de una cartera de bonos en CHF diversificada que ofrece un atractivo potencial de rentabilidad, ya que el fondo combina la gestión activa de la duración y la curva de rentabilidades con la selección por sectores y de títulos.
La integración de criterios de sostenibilidad importantes en el análisis de crédito, junto con el análisis financiero, mejora nuestro análisis de crédito y nos ayuda a tomar decisiones de inversión más fundamentadas y a ofrecer una valoración más integral de los riesgos.
La cartera está sujeta a una estricta gestión del riesgo y puede ser un componente básico ideal de una cartera de bonos o parte de una cartera equilibrada.
| Equity allocation signal |  |  | Asset allocation (%) 1 |  |
| --- | --- | --- | --- | --- |
|  | Fund |  | LIQUIDITY | 2.00 |
| High equity allocation | - |  | Cash | 2.00 |
| Medium equity allocation | yes |  |  |  |
| Low equity allocation | - |  | BONDS | 66.00 |
|  | High grade bonds | 26.00 |
| Inflation linked bonds | 4.00 |
| Corporate bonds | 22.00 |
| High yield bonds | 6.00 |
| Emerging markets bonds | 8.00 |
|  |  |
| EQUITIES | 20.00 |
| Equities AC World | 0.00 |
| Australia | 0.00 |
| Canada | 2.00 |
| Emerging Markets | 0.00 |
| Eurozone | 5.00 |
| Japan | 0.00 |
| Switzerland | 3.00 |
| UK | 0.00 |
| US | 10.00 |
|  |  |
| HEDGE FUNDS / ALTERNATIVES | 12.00 |
| Hedge Funds | 8.00 |
| Risk Parity | 4.00 |
| TOTAL | 100.00 |

Translation (ENES, 2020-08-31):
| Señal de asignación a renta variable |  |  | Asset allocation (%) 1 |  |
| --- | --- | --- | --- | --- |
|  | Fondo |  | LIQUIDEZ | 2.00 |
| Señal de asignación a renta variable | - |  | Efectivo | 2.00 |
| Asignación media a renta variable | si |  |  |  |
| Asignación baja a renta variable | - |  | BONOS | 66.00 |
|  | Bonos de alta calificación | 26.00 |
| Bonos vinculados a la inflación | 4.00 |
| Bonos corporativos | 22.00 |
| Bonos de alta rentabilidad | 6.00 |
| Bonos de mercados emergentes | 8.00 |
|  |  |
| ACCIONES | 20.00 |
| Acciones AC World | 0.00 |
| Australia | 0.00 |
| Canada | 2.00 |
| Emerging Markets | 0.00 |
| Eurozone | 5.00 |
| Japón | 0.00 |
| Suiza | 3.00 |
| UK | 0.00 |
| US | 10.00 |
|  |  |
| HEDGE FUNDS / ALTERNATIVES | 12.00 |
| Hedge Funds | 8.00 |
| Risk Parity | 4.00 |
| TOTAL | 100.00 |
# Fund description
- The fund’s investments are broadly diversified within equities and other equity paper. The fixed- income instrument component is low.
- Foreign currencies are largely hedged versus the reference currency. Nevertheless, an active currency strategy is applied if opportunities are seen.

Name of fund	UBS (Lux) Strategy Fund - Equity
(EUR)
Share class	UBS (Lux) Strategy Fund - Equity (EUR) N-
acc

Translation (ENES, 2021-09-30):
# Retrato resumido del Fondo
- Las inversiones del fondo presentan una gran diversificación entre renta variable y otros valores asimilables a renta variable. El componente de instrumentos de renta fija es bajo.
- Las divisas están cubiertas en gran medida frente a la divisa de referencia. No obstante, se aplica una estrategia activa de divisas en caso de observarse oportunidades.

Nombre del fondo	UBS (Lux) Strategy Fund - Equity (EUR)
Benefits
The fund allows you to tap into emerging economies’ growth potential.
The fund allows you to get well diversified exposure to corporate bonds issued by companies in various countries and industry sectors across emerging markets.
The fund offers daily liquidity.

Translation (ENES, 2021-09-30):
Beneficios
El fondo le permite acceder al potencial de crecimiento de las economías emergentes.
El fondo le permite obtener una exposición diversificada a los bonos corporativos emitidos por empresas de distintos países y sectores industriales de los mercados emergentes.
El fondo ofrece liquidez diaria.
# For marketing purposes
Spain edition
Data as at end-March 2023
| UBS China Allocation Opportunity (EUR hedged) P-acc |
| --- |
| Fund Fact Sheet |
| UBS Asset Allocation Funds > UBS Emerging Markets Allocation Funds |

| Fund description |
| --- |
| - The actively managed fund seeks attractive total return by investing in a diversified portfolio of Chinese equities and fixed income.
- Investment is approximately 50% in Chinese equity and 50% in Chinese Fixed Income.
- Actively seizes promising market opportunities via selection of individual stocks and bonds as well as by allocation between the equity andfixed income asset classes.
 |

Lower risk	Higher risk
Typically lower rewards	Typically higher rewards
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

A category 1 rating should not be construed as indicating that the investment is free of any risk.

Translation (ENES, 2023-03-31):
# Con fines de marketing
## Edición España
Datos a finales de marzo 2023
| UBS China Allocation Opportunity (EUR hedged) P-acc |
| --- |
| Hoja informativa del fondo |
| UBS Asset Allocation Funds > UBS Emerging Markets Allocation Funds |

| Retrato resumido del Fondo |
| --- |
| - El fondo, que se gestiona de forma activa, tiene como objetivo lograr una rentabilidad total atractiva invirtiendo en una cartera diversificada de renta variable y renta fija de China.
- La cartera contiene aproximadamente la misma proporción de renta variable y renta fija.
- Aprovecha activamente las oportunidades de mercado prometedoras seleccionando acciones y bonos concretos, y realizando una asignaciónentre ambas clases de activos.
 |

Menor riesgo	Mayor riesgo
Remuneración normalmente inferior	Remuneración normalmente superior
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

La categoria "1" no significa que la inversion este libre de riesgo.
# Fund statistics
Net asset value (USD, 31.08.2022)89.09
Last 12 months (USD) – high102.50
– low89.09
Name of the Management Company
UBS Fund Management (Luxembourg) S.A.,
Luxembourg
Total fund assets (USD m)170.62
Share class assets (USD m)28.78
Fund domicile	Luxembourg
Morningstar Sustainability rating
4
- net of fees and not taking defaults, hedging effects and issuing commissions into account
- The initial yield is the average yield of the bonds in the portfolio at fund launch or at a subsequent re-opening. The initial yield calculation assumes that all reinvestments (coupons and repayments of the bonds purchased by the fund) can be made at any time at the same yield.
- as at 11.02.2022
- As of 31.07.2022Volatility1– Fund	n.a.	n.a.

Sharpe ratio	n.a.	n.a.
Risk free rate	n.a.	n.a.
1 
Annualised standard deviation

Translation (ENES, 2022-08-31):
# Indicadores del fondo
Valor liquidativo (USD, 31.08.2022)89.09
Últimos 12 meses (USD) – Alto102.50
– Bajo89.09
Nombre de la Sociedad gestora
UBS Fund Management (Luxembourg) S.A.,
Luxembourg
Patrimonio total del fondo (USD en millones)170.62
Cuota del patrim.del fondo (USD en mill)28.78
Domicilio del fondo	Luxemburgo Calificación de sostenibilidad de
Morningstar
4
- tras deducción de comisiones y sin tener en cuenta los impagos, ni los efectos de la cobertura, ni las comisiones de emisión
- La rentabilidad inicial es la rentabilidad media de los bonos incluidos en la cartera en el momento del lanzamiento del fondo o de una reapertura posterior. El cálculo de la rentabilidad inicial supone que todas las reinversiones (cupones y reembolsos de los bonos adquiridos por el fondo) pueden realizarse en cualquier momento a la misma rentabilidad.
- a 11.02.2022
- A partir de 31.07.2022Volatility1– Fund	n/d	n/dSharpe ratio	n/d	n/dRisk free rate	n/d	n/d1 Desviación estándar anual.
# Fund description
- The fund invests worldwide in equities in developed and emerging markets, in government, corporate, high-yield, emerging market and inflation-linked bonds, real estate securities and commodities.
- The fund combines four scenario portfolios that are tailored to the corresponding phase of the economic cycle: upswing, boom, downswing and recession.
- The fund aims to reduce risk (volatility) by keeping the scenario portfolios' impact on

Translation (ENES, 2021-09-30):
# Retrato resumido del Fondo
- El fondo invierte en acciones de mercados emergentes y desarrollados, bonos del Estado y corporativos ligados a la inflación de alta rentabilidad y emergentes, títulos inmobiliarios y materias primas.
- El fondo combina cuatro carteras de escenarios orientados a sus respectivas fases de ciclo económico: recuperación, boom, desaceleración, recesión.
- El fondo tiene como objetivo mitigar el riesgo (volatilidad) conservando el equilibrio de los
# Benefits
The feeder fund invests in a Master Fund which accesses a multi-manager solution implemented through separately managed accounts (SMAs) selected by a dedicated investment team.
The fund offers daily liquidity.
Investors benefit from the hedge fund value proposition, namely taking advantage of investment opportunities while controlling downside risk.

Translation (ENES, 2021-09-30):
# Beneficios
Acceso a una cartera diversificada de fondos de hedge funds seleccionada por un equipo de inversión dedicado
Saca provecho de la propuesta de valor de los hedge funds y de las oportunidades de inversión, al tiempo que el riesgo a la baja queda controlado
Aprovechamiento de los altos niveles de transparencia exigidos por el regulador
Se beneficia de los fondos que pueden contratarse semanalmente
# Fund statistics
1
2
3
|  |  | 3 years | 5 years |
| --- | --- | --- | --- |
| Beta | 1.23 | 1.21 |
| Volatility 1 |
| – Fund | 7.13% | 5.69% |
| – Benchmark | 5.08% | 4.06% |
| Sharpe ratio | -0.15 | 0.11 |
| Risk free rate | -0.16% | -0.26% |
|  | Annualised standard deviation |  |  |

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Translation (ENES, 2023-02-28):
# Indicadores del fondo
| Valor liquidativo (EUR, 28.02.2023) | 117.62 |
| --- | --- |
| Últimos 12 meses (EUR) – Alto | 129.22 |
| – Bajo | 114.68 |
| Patrimonio total del fondo (EUR en millones) | 191.94 |
| Cuota del patrim.del fondo (EUR en mill) | 80.73 |

|  |  | 3 años | 5 años |
| --- | --- | --- | --- |
| Beta | 1.23 | 1.21 |
| Volatility 1 |
| – Fund | 7.13% | 5.69% |
| – Benchmark | 5.08% | 4.06% |
| Sharpe ratio | -0.15 | 0.11 |
| Risk free rate | -0.16% | -0.26% |
|  | Desviación estándar anual. |  |  |

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