OVHaiLLM/Flipper huggingface dataset:
#  Largest positions
Security	%
Microsoft Corp	US	5.41
Apple Inc	US	5.17
Alphabet Inc A	US	5.03
UnitedHealth Group Inc	US	4.38
Visa Inc	US	3.86
Johnson & Johnson	US	2.81
Nvidia Corp	US	2.75
Thermo Fisher Scientific Inc	US	2.71
Roche Holding GS	CH	2.66
Danaher Corp	US	2.45
Total37.23

Translation (ENIT, 2022-07-31):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	5.41
Apple Inc	US	5.17
Alphabet Inc A	US	5.03
UnitedHealth Group Inc	US	4.38
Visa Inc	US	3.86
Johnson & Johnson	US	2.81
Nvidia Corp	US	2.75
Thermo Fisher Scientific Inc	US	2.71
Roche Holding GS	CH	2.66
Danaher Corp	US	2.45
Totale37.23
Classe azioni Kh / Moneta GBP	31.07.2022	Materiale di marketing
#  Statistics	
 Volatility fund/benchmark (%)	10.69 / 10.761 Tracking Error (%)	7.491
 Information ratio/Sharpe ratio	-1.05 / 0.371 Correlation	0.761
 Jensen Alpha/Beta	-4.82 / 0.751
1 
computed over 3 years

Translation (ENIT, 2022-07-31):
#  Dati statistici	
 Volatilità fondo/benchmark (%)	10.69 / 10.761 Tracking error (%)	7.491
 Information ratio/Sharpe ratio	-1.05 / 0.371 Correlazione	0.761
 Jensen Alpha/Beta	-4.82 / 0.751
1 
calcolato su base triennale
#  Largest positions
Security	%
Microsoft Corp	US	6.20
Alphabet Inc A	US	5.47
Apple Inc	US	4.66
Facebook Inc	US	4.08
Visa Inc	US	3.57
ASML Holding NV	NL	3.44
Nvidia Corp	US	3.04
Amazon.com Inc	US	2.68
Adobe Systems Inc	US	2.56
DSV A/S	DK	2.47
Total38.17

Translation (ENIT, 2021-09-30):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	6.20
Alphabet Inc A	US	5.47
Apple Inc	US	4.66
Facebook Inc	US	4.08
Visa Inc	US	3.57
ASML Holding NV	NL	3.44
Nvidia Corp	US	3.04
Amazon.com Inc	US	2.68
Adobe Systems Inc	US	2.56
DSV A/S	DK	2.47
Totale38.17
Classe azioni B / Moneta CHF	30.09.2021	Materiale di marketing
#  Performance in %
75
50
25
0
2017	2018	2019	2020	2021
Perf. C-shares	Perf. C-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date15.07.2014
Launch Share class07.07.2017
Domicile	Luxembourg
Benchmark	MSCI North America ND Total Expense Ratio	0.93% (31.12.2020)
Management fee	0.80% Minimum investment	USD 500'000
Commission	Issue: max. 5.00% Redemption: max3.00%2
in %	YTD	1M	3M	6M	1Y	3Y
p.a.
5Y	10Y  since
p.a.	p.a. launch p.a.
Registered in	AT BE CH DE ES FR GB IE LU NL SE
2 
Only if no issuing commission was charged.
Fund	11.99	3.63	9.26  11.99  32.58  16.43	n.a.	n.a.  15.15
BM	14.90	2.58	8.85  14.90  42.05  18.40	n.a.	n.a.  17.26

Translation (ENIT, 2021-06-30):
#  Evoluzione del valore in %
75
50
25
0
2017	2018	2019	2020	2021
Rend. quote C	Rend. quote C dall'inizio
Società di gestione	GAM (Luxembourg) S.A.
Banca depositaria	State Street Bank International GmbH,
Luxembourg Branch, Luxembourg Struttura legale	SICAV di diritto lussemburghese Fondo attivo dal15.07.2014
Lancio dell'azione07.07.2017
Domicilio	Lussemburgo
Benchmark	MSCI North America ND Total Expense Ratio	0.93% (31.12.2020) Commissione di gestione 0.80%
Investimento minimo	USD 500'000
Commissione	di emissione: max. 5.00% di rimborso: max3.00%2
in % al	YTD	1M	3M	6M	1A	3A
annuo
5A
annuo
10A
annuo
dall'
inizio p.a.
Registrato in	AT BE CH DE ES FR GB IE LU NL SE
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
Fondo	11.99	3.63	9.26  11.99  32.58  16.43	n.a.	n.a.  15.15
BM	14.90	2.58	8.85  14.90  42.05  18.40	n.a.	n.a.  17.26
# Statistics
Volatility fund/benchmark (%)	20.23 / 20.141 Tracking Error (%)	3.671
 Information ratio/Sharpe ratio	-0.30 / 0.471 Correlation	0.981
 Jensen Alpha/Beta	-0.93 / 0.991
JPMorgan Chase & Co	US	2.19
INVESCO US TECHNOLOGY S&P	IE	2.14
Total12.66
1 
computed over 3 years

Translation (ENIT, 2023-02-28):
# Dati statistici
Volatilità fondo/benchmark (%)	20.23 / 20.141 Tracking error (%)	3.671
 Information ratio/Sharpe ratio	-0.30 / 0.471 Correlazione	0.981
 Jensen Alpha/Beta	-0.93 / 0.991
1 
calcolato su base triennale
#  Statistics
Volatility fund/benchmark (%)	5.71 / 5.571 Tracking Error (%)	5.001
Redemption: max. 3.00%2
Registered in	AT BE BH CH DE ES FR GB IE LI LU NL SE
2 
Only if no issuing commission was charged.

Translation (ENIT, 2022-10-31):
#  Dati statistici
di rimborso: max. 3.00%2
Registrato in	AT BE BH CH DE ES FR GB IE LI LU NL SE
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
#  Largest positions
Security	%
GLG Global Em Mkt Debt	USD	8.68
Jupiter JGF - Dynamic Bond	USD	7.79
DWS INVEST-ASIA BONDS-USDXC	USD	7.58
Muzinich Em Mkts Short Dur	USD	7.44
LM BRANDYWN GL INC OPT-SUA	USD	6.99
Pimco Income Fund	USD	6.73
AB FCP I - American Inc	USD	6.56
 Information ratio/Sharpe ratio	0.24 / -0.661 Correlation	0.611
 Jensen Alpha/Beta	-0.63 / 0.621
BREVAN HOWARD AB RT G-AM USD
USD	6.49
1 
computed over 3 years

Translation (ENIT, 2022-10-31):
#  Le maggiori posizioni
Titolo	%
GLG Global Em Mkt Debt	USD	8.68
Jupiter JGF - Dynamic Bond	USD	7.79
DWS INVEST-ASIA BONDS-USDXC	USD	7.58
Muzinich Em Mkts Short Dur	USD	7.44
LM BRANDYWN GL INC OPT-SUA	USD	6.99
Pimco Income Fund	USD	6.73
AB FCP I - American Inc	USD	6.56
 Volatilità fondo/benchmark (%)	5.71 / 5.571 Tracking error (%)	5.001
 Information ratio/Sharpe ratio	0.24 / -0.661 Correlazione	0.611
BREVAN HOWARD AB RT G-AM USD
USD	6.49
 Jensen Alpha/Beta	-0.63 / 0.621
1 
calcolato su base triennale
-2.5
-5
2017	2018	2019	2020	2021
Perf. C-shares	Perf. C-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Date activated21.07.2014
Share class launch07.07.2017
Domicile	Luxembourg
Benchmark	ICE BofA 1-10 Year Euro Corporate Index (ER05)
Total Expense Ratio	0.64% (30.06.2020)

Translation (ENIT, 2020-08-31):
-2.5
-5
2017	2018	2019	2020	2021
Rend. quote C	Rend. quote C dall'inizio
Società di gestione	GAM (Luxembourg) S.A.
Banca depositaria	State Street Bank International GmbH,
Luxembourg Branch, Luxembourg Struttura legale	SICAV di diritto lussemburghese Fondo attivo dal21.07.2014
Lancio dell'azione07.07.2017
Domicilio	Lussemburgo
Benchmark	ICE BofA 1-10 Year Euro Corporate Index (ER05)
Total Expense Ratio	0.64% (30.06.2020) Commissione di gestione 0.50%
#  Performance in %
Fund management company
GAM (Luxembourg) S.A.
12.5
10
7.5
5
2.5
0
-2.5
-5
-7.5
2017	2018	2019	2020	2021	2022
Perf. since inception (Fund)	Perf. since inception (BMK)
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date30.11.2017
Launch Share class30.11.2017
Domicile	Luxembourg
Benchmark	Bloomberg Barclays Multiverse Index TR
Total Expense Ratio	1.23% (30.06.2022)
Management fee	0.35%
12.5
10
Commission	Issue: max. 5.00% Redemption: max. 3.00%2
7.5
5
2.5
0
-2.5
-5
-7.5
2017	2018	2019	2020	2021	2022
Registered in	AT BE BH CH DE ES FI FR GB IE IT LI LU NL SE
2 
Only if no issuing commission was charged.

Translation (ENIT, 2022-11-30):
#  Evoluzione del valore in %
Gestore degli investimenti
Bank Julius Bär & Co. AG
12.5
10
7.5
5
2.5
0
-2.5
-5
-7.5
12.5
10
7.5
5
2.5
0
-2.5
-5
-7.5
2017	2018	2019	2020	2021	2022
Perf. since inception (Fund)	Perf. since inception (BMK)
2017	2018	2019	2020	2021	2022
Società di gestione	GAM (Luxembourg) S.A.
Banca depositaria	State Street Bank International GmbH,
Luxembourg Branch, Luxembourg Struttura legale	SICAV di diritto lussemburghese Fondo attivo dal30.11.2017
Lancio dell'azione30.11.2017
Domicilio	Lussemburgo
Benchmark	Bloomberg Barclays Multiverse Index TR
Total Expense Ratio	1.23% (30.06.2022) Commissione di gestione 0.35%
Commissione	di emissione: max. 5.00% di rimborso: max3.00%2
Registrato in	AT BE BH CH DE ES FI FR GB IE IT LI LU NL SE
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
#  Statistics
Volatility fund/benchmark (%)	5.88 / 7.571 Tracking Error (%)	4.241
 Information ratio/Sharpe ratio	0.61 / -0.411 Correlation	0.831
 Jensen Alpha/Beta	0.79 / 0.641
1 
computed over 3 years
Important legal information
Sources: Bloomberg, Rimes, GAM. Please note the important legal information at the end of this document. Before subscribing, read the prospectus and the KIID which are available at www.funds.gam.com or from your distributor.
The mentioned financial instruments are provided for illustrative purposes only and shall not be considered as a direct offering, investment recommendation or investment advice. Allocations and holdings are subject to change.
Investors should note that, relative to the expectations of the Autorité des Marchés Financiers, the name of this Multicooperation SICAV - Julius Baer Multi-Manager Fixed Income Unconstrained (UCITS) is disproportionate to the consideration of non-financial criteria in its management.
| AB FCP I - American Inc | USD | 6.55 |
| --- | --- | --- |
| PRIN GL FIN UN EM FI-I3 USD | USD | 6.55 |
| BREVAN HOWARD AB RT G-AM USD | USD | 6.20 |
| Total70.31 |

Translation (ENIT, 2022-11-30):
#  Dati statistici
Volatilità fondo/benchmark (%)	5.88 / 7.571 Tracking error (%)	4.241
 Information ratio/Sharpe ratio	0.61 / -0.411 Correlazione	0.831
 Jensen Alpha/Beta	0.79 / 0.641
| AB FCP I - American Inc | USD | 6.55 |
| --- | --- | --- |
| PRIN GL FIN UN EM FI-I3 USD | USD | 6.55 |
| BREVAN HOWARD AB RT G-AM USD | USD | 6.20 |
| Totale70.31 |
#  Structure by sector
Information Technology
Health Care Consumer Discretionary Telecommunication Services
Materials Consumer Staples
Utilities Liquidity

Translation (ENIT, 2020-08-31):
#  Struttura per settori
Informatica
Salute Beni voluttuari
Servizi di telecomunicazione
Materiali Beni di prima necessita' Servizi di pubblica utilità
Liquidità
#  Comments
Market review
On both sides of the Atlantic, after a very rapid rise in interest during 2022, the financial environment is now frankly restrictive. The welcome deceleration in inflation, notably through goods and energy helped to push markets ahead of expectations.
Performance contribution and portfolio changes
We continue to take advantage of increased volatility by optimising our portfolio via listed derivatives strategies (ie around 100 operations in January), we took profit into IBM, First Solar, Kering and partially in Deutsche Telekom positions. We increased our exposure into green mobility, ie Linde, Ceres Power Holdings and Faurecia, and also in High Tech in Advanced Micro Devices. We subscribed into the newly launched 5% $ Kingdom of Saudi Arabia 2028 (A1/A).
Outlook and strategy
We leave our macroeconomic scenarios as set end of last year as follow: 40% short-lived recession, inflation down, 25% recession, persistent inflation, stagflation/deflation, 25% exogenous shocks, 10% soft landing. We therefore maintain a fairly high exposure to the equity market.

Translation (ENIT, 2023-01-31):
#  Note
Retrospettiva
Su entrambe le sponde dell'Atlantico, dopo un rapidissimo aumento degli interessi nel corso del 2022, il contesto finanziario è ora francamente restrittivo. La gradita decelerazione dell'inflazione, in particolare attraverso i beni e l'energia, ha contribuito a spingere i mercati in anticipo rispetto alle aspettative.
Contributo alla performance e cambiamenti in portafoglio
Continuiamo a trarre vantaggio dall'aumento della volatilità ottimizzando il nostro portafoglio attraverso strategie di derivati quotati (ossia circa 100 operazioni a gennaio), abbiamo preso profitto in IBM, First Solar, Kering e parzialmente nelle posizioni di Deutsche Telekom. Abbiamo aumentato la nostra esposizione alla mobilità verde, ossia a Linde, Ceres Power Holdings e Faurecia, e anche all'High Tech in Advanced Micro Devices. Abbiamo sottoscritto il nuovo 5% $ Regno dell'Arabia Saudita 2028 (A1/A).
Prospettive e strategia
Gli scenari macroeconomici definiti alla fine dello scorso anno sono i seguenti: 40% recessione di breve durata, inflazione in calo, 25% recessione, inflazione persistente, stagflazione/deflazione, 25% shock esogeni, 10% atterraggio morbido. Manteniamo pertanto un'esposizione piuttosto elevata al mercato azionario.
#  Statistics	
 Volatility fund/benchmark (%)	21.10 / 18.621 Tracking Error (%)	7.181
 Information ratio/Sharpe ratio	-0.38 / 0.601 Correlation	0.941
 Jensen Alpha/Beta	-3.44 / 1.071
1 
computed over 3 years

Translation (ENIT, 2023-03-31):
#  Dati statistici	
 Volatilità fondo/benchmark (%)	21.10 / 18.621 Tracking error (%)	7.181
 Information ratio/Sharpe ratio	-0.38 / 0.601 Correlazione	0.941
 Jensen Alpha/Beta	-3.44 / 1.071
1 
calcolato su base triennale
#  Statistics	
 Volatility fund/benchmark (%)	14.74 / 16.421 Tracking Error (%)	6.391
 Information ratio/Sharpe ratio	0.34 / 0.661 Correlation	0.921
 Jensen Alpha/Beta	3.51 / 0.831
1 
computed over 3 years

Translation (ENIT, 2022-04-30):
#  Dati statistici	
 Volatilità fondo/benchmark (%)	14.74 / 16.421 Tracking error (%)	6.391
 Information ratio/Sharpe ratio	0.34 / 0.661 Correlazione	0.921
 Jensen Alpha/Beta	3.51 / 0.831
1 
calcolato su base triennale
#  Largest positions	
Security	%
Novo Nordisk A/S	DK	5.36
Nestle SA	CH	5.14
Novartis AG	CH	5.05
Roche Holding GS	CH	4.95
ASML Holding NV	NL	4.60
LVMH Moet Hennessy SA	FR	3.71
Rio Tinto Plc	GB	3.60
Diageo Plc	GB	3.41

Translation (ENIT, 2022-04-30):
#  Le maggiori posizioni	
Titolo	%
Novo Nordisk A/S	DK5.36
Nestle SA	CH5.14
Novartis AG	CH5.05
Roche Holding GS	CH4.95
ASML Holding NV	NL4.60
LVMH Moet Hennessy SA	FR3.71
Rio Tinto Plc	GB3.60
Diageo Plc	GB3.41
#  Performance in %
Base data		 NAV per share	EUR 170.83
Total fund assets	EUR 495.58 m
Base currency	USD Available currencies	CHF, EUR
Currency hedging	not hedged against base currency Share class	I (accumulation)
Bloomberg Ticker	MPKOGIE LX Security code ISIN	LU1639893954 Security code CH37300207 Investment manager	Konwave AG
Fund management company
GAM (Luxembourg) S.A.
75
50
25
0
-25
-50
2017	2018	2019	2020	2021	2022
Perf. I-shares	Perf. I-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Date activated30.06.2005
Domicile	Luxembourg
Benchmark	FTSE Gold Mines Series (All Mines) PI Total Expense Ratio	0.79% (31.12.2019)
Management fee	0.50% + Perf. Fee1 Minimum investment	EUR 25'000'000
| in % | YTD | 1M | 3M | 6M | 1Y | 3Y p.a. | 5Y p.a. | 10Y  since p.a. launch p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 32.15 | 11.04 | 78.79 | 32.15 | 78.67 | n.a. | n.a. | n.a.  20.04 |
| BM | 27.17 | 6.29 | 48.80 | 27.17 | 46.22 | n.a. | n.a. | n.a.  20.45 |

Commission	Issue: max. 1.50% Redemption: max. 3.00%2
Registered in	AT CH DE LU
Rolling perf.
30.06.2019
- 30.06.2020
30.06.2018
- 30.06.2019
30.06.2017
- 30.06.2018
30.06.2016
- 30.06.2017
30.06.2015
- 30.06.2016
1 
Performance Fee: 10% (I-share class 20%) of the outperformance vs. Benchmark; incl. High Watermark.
2 
Only if no issuing commission was charged.

Translation (ENIT, 2020-06-30):
#  Evoluzione del valore in %
Gestore degli investimenti
Konwave AG
75
50
25
0
-25
-50
2017	2018	2019	2020	2021	2022
Rend. quote I	Rend. quote I dall'inizio
Società di gestione	GAM (Luxembourg) S.A.
Banca depositaria	State Street Bank International GmbH,
Luxembourg Branch, Luxembourg Struttura legale	SICAV di diritto lussemburghese Fondo attivo dal30.06.2005
Domicilio	Lussemburgo
Benchmark	FTSE Gold Mines Series (All Mines) PI Total Expense Ratio	0.79% (31.12.2019)
Commissione di gestione 0.50% + Perf. Fee1 Investimento minimo	EUR 25'000'000
| in % al | YTD | 1M | 3M | 6M | 1A | 3A annuo | 5A annuo | 10A annuo | dall' inizio p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | 32.15 | 11.04 | 78.79 | 32.15 | 78.67 | n.a. | n.a. | n.a. | 20.04 |
| BM | 27.17 | 6.29 | 48.80 | 27.17 | 46.22 | n.a. | n.a. | n.a. | 20.45 |
| Perf. | 30.06.2019 | 30.06.2018 | 30.06.2017 | 30.06.2016 | 30.06.2015 |
| rolling | - 30.06.2020 | - 30.06.2019 | - 30.06.2018 | - 30.06.2017 | - 30.06.2016 |
| Fondo | 78.67 | -2.27 | n.a. | n.a. | n.a. |
| BM | 46.22 | 21.55 | n.a. | n.a. | n.a. |

Commissione	di emissione: max. 1.50% di rimborso: max3.00%2
Registrato in	AT CH DE LU
1 
Perf. Fee = Commissione di performance: 10% (Classe azionaria-I 20 %) dell'outperformance rispetto al benchmark, high watermark incluso.
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
#  Base data		 NAV per share	USD 127.14
Total fund assets	USD 75.12 m
Base currency	USD
Share class	E (accumulation)
Bloomberg Ticker	JBMSBUE LX Security code ISIN	LU0236394598 Security code CH2341397
Investment manager	Bank Julius Bär & Co. AG

Translation (ENIT, 2022-09-30):
#  Dati di base		 Valore netto	USD 127.14
Patrimonio del fondo	USD 75.12 Mln.
Valuta di riferimento	USD
Classe azioni	E (accumulazione)
Bloomberg Ticker	JBMSBUE LX
Codice ISIN	LU0236394598
Codice di valor CH2341397
Rischio più basso	Rischio più elevato
Gestore degli investimenti
Bank Julius Bär & Co. AG
#  Largest positions
Security	%
Microsoft Corp	US	6.28
Apple Inc	US	5.16
Alphabet Inc A	US	4.81
UnitedHealth Group Inc	US	4.73
Visa Inc	US	3.77
Roche Holding GS	CH	3.09
Johnson & Johnson	US	3.06
Walmart Inc	US	2.68
Honeywell Int Inc	US	2.31
Facebook Inc	US	2.14
Total38.03

Translation (ENIT, 2022-09-30):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	6.28
Apple Inc	US	5.16
Alphabet Inc A	US	4.81
UnitedHealth Group Inc	US	4.73
Visa Inc	US	3.77
Roche Holding GS	CH	3.09
Johnson & Johnson	US	3.06
Walmart Inc	US	2.68
Honeywell Int Inc	US	2.31
Facebook Inc	US	2.14
Totale38.03
Classe azioni K / Moneta GBP	30.09.2022	Materiale di marketing
#  Largest positions
Security	%
Microsoft Corp	US	5.53
Apple Inc	US	5.29
Alphabet Inc A	US	5.15
UnitedHealth Group Inc	US	4.29
Visa Inc	US	4.00
Nvidia Corp	US	2.91
Facebook Inc	US	2.82
Walmart Inc	US	2.81
Thermo Fisher Scientific Inc	US	2.57
Amazon.com Inc	US	2.48
Total37.85

Translation (ENIT, 2022-04-30):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	5.53
Apple Inc	US	5.29
Alphabet Inc A	US	5.15
UnitedHealth Group Inc	US	4.29
Visa Inc	US	4.00
Nvidia Corp	US	2.91
Facebook Inc	US	2.82
Walmart Inc	US	2.81
Thermo Fisher Scientific Inc	US	2.57
Amazon.com Inc	US	2.48
Totale37.85
Classe azioni Kh / Moneta GBP	30.04.2022	Materiale di marketing
#  Largest positions
| Security |  | % |
| --- | --- | --- |
| Microsoft Corp | US | 6.76 |
| Apple Inc | US | 5.50 |
| Alphabet Inc A | US | 4.94 |
| Facebook Inc | US | 3.59 |
| Visa Inc | US | 3.50 |
| Nvidia Corp | US | 3.47 |
| ASML Holding NV | NL | 2.92 |
| UnitedHealth Group Inc | US | 2.62 |
| Total |  | 33.30 |

Structure by sector	
Information Technology
Health Care Industrials Telecommunication Services Consumer Discretionary Consumer Staples
Financials Materials

Translation (ENIT, 2022-01-31):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US6.76
Apple Inc	US5.50
Alphabet Inc A	US4.94
Facebook Inc	US3.59
Visa Inc	US3.50
Nvidia Corp	US3.47
ASML Holding NV	NL2.92
UnitedHealth Group Inc	US2.62
Totale33.30
# Statistics
Volatility fund/benchmark (%)	5.45 / n.a.1 Tracking Error (%)	n.a.1
 Information ratio/Sharpe ratio	n.a. / -0.761 Correlation	n.a.1
 Jensen Alpha/Beta	n.a. / n.a.1
1 
computed over 3 years

Translation (ENIT, 2022-12-31):
# Dati statistici
Volatilità fondo/benchmark (%)	5.45 / n.a.1 Tracking error (%)	n.a.1
 Information ratio/Sharpe ratio	n.a. / -0.761 Correlazione	n.a.1
 Jensen Alpha/Beta	n.a. / n.a.1
Società di gestione	GAM (Luxembourg) S.A.
Banca depositaria	State Street Bank International GmbH,
Luxembourg Branch, Luxembourg Struttura legale	SICAV di diritto lussemburghese Lancio dell'azione19.12.2019
Domicilio	Lussemburgo
Benchmark	Non è disponibile un indice di rif. adatto Total Expense Ratio	1.42% (30.06.2022)
Commissione di gestione 0.90% Investimento minimo	EUR 100
Commissione	di emissione: max. 0.00% di rimborso: max0.00%2
Registrato in	CH ES IT LU
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
| Le maggiori posizioni Titolo | Tasso d'inter. |  | % |
| --- | --- | --- | --- |
| BTPS 0 11/29/23 | 0.000% | EUR | 8.85 |
| BTPS 0.9 04/01/31 | 0.900% | EUR | 6.11 |
| SPGB 0 04/30/23 | 0.000% | EUR | 5.04 |
| Italy | 1.750% | EUR | 4.59 |
| BTPS 0 04/15/24 | 0.000% | EUR | 4.06 |
| Struttura per tipi d'investimento |  |  |  |

Obbligazioni
Azioni Liquidità
1 
calcolato su base triennale
#  Largest positions	
Security	%
Microsoft Corp	US	5.95
Apple Inc	US	4.91
Visa Inc	US	4.13
Alphabet Inc A	US	4.04
UnitedHealth Group Inc	US	3.96
Nvidia Corp	US	3.60
Johnson & Johnson	US	2.62
MasterCard Inc	US	2.54

Translation (ENIT, 2023-02-28):
#  Le maggiori posizioni	
Titolo	%
Microsoft Corp	US5.95
Apple Inc	US4.91
Visa Inc	US4.13
Alphabet Inc A	US4.04
UnitedHealth Group Inc	US3.96
Nvidia Corp	US3.60
Johnson & Johnson	US2.62
MasterCard Inc	US2.54
#  Largest positions
Security	%
|  | UnitedHealth Group Inc | US | 4.45 |
| --- | --- | --- | --- |
| in % | YTD | 1M | 3M | 6M | 1Y | 3Y | 3Y | 10Y  since |  | Microsoft Corp | US | 4.42 |
| 30.11.22 |  |  |  |  |  |  |  | p.a. |  | Thermo Fisher Scientific Inc | US | 3.78 |
| Fund | -21.45 | 6.31 | -0.41 | -6.47 | -17.78 | 6.36 | n.a. | n.a.	4.26 |  | CF Industries Holdings Inc | US | 3.78 |
| BM | -13.35 | 6.02 | 2.48 | -1.80 | -10.23 | 6.51 | n.a. | n.a.	5.88 |  | NUTRIEN LTD | CA | 3.49 |
|  |  |  |  |  |  |  |  |  |  | Alphabet Inc A | US | 3.48 |

p.a.
p.a.
p.a. launch
30.09.22
Fund	-29.30 -10.36  -8.09 -24.02 -23.66	4.54	n.a.	n.a.	2.06
BM	-22.79  -8.69  -5.27 -18.75 -17.54	4.04	n.a.	n.a.	3.47
Past performance is not an indicator of current or future trends. The performance values refer to the net asset value and are calculated without the commission and costs incurred on issue, redemption or swapping (e.g. transaction and custody costs of the investor). The indications are based on figures denominated in EUR. If this currency is different from the currency of the country in which the investor is resident, the return may increase or decrease as a result of currency fluctuations.

Translation (ENIT, 2022-11-30):
#  Le maggiori posizioni
in % al 30.11.22
YTD	1M	3M	6M	1A	3A
annuo
3A
annuo
10A
annuo
dall' inizio p.a.
Thermo Fisher Scientific Inc	US	3.78
CF Industries Holdings Inc	US	3.78
Fondo	-21.45	6.31  -0.41  -6.47 -17.78	6.36	n.a.	n.a.	4.26
BM	-13.35	6.02	2.48  -1.80 -10.23	6.51	n.a.	n.a.	5.88
| 30.09.22 |  |
| --- | --- |
| Fondo | -29.30 | -10.36 | -8.09 | -24.02 | -23.66 | 4.54 | n.a. | n.a. | 2.06 |

BM	-22.79  -8.69  -5.27 -18.75 -17.54	4.04	n.a.	n.a.	3.47
I rendimenti passati non costituiscono un indicatore dei trend attuali o futuri. I valori di performance si riferiscono al valore del patrimonio netto e sono calcolati senza tenere conto degli oneri fiscali delle commissioni e dei costi di sottoscrizione, rimborso o conversione (ad es. i costi di transazione e custodia dell'investitore). Le indicazioni si basano su cifre denominate in EUR. Se tale valuta è diversa da quella del paese in cui risiede l'investitore, il rendimento potrebbe essere soggetto a variazioni, in positivo o in negativo, dovute alle fluttuazioni valutarie.
#  Performance in %
Fund management company
GAM (Luxembourg) S.A.
125
100
75
50
25
0
2013  2014  2015  2016  2017  2018  2019  2020  2021  2022
Perf. B-shares	Perf. B-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date31.10.2008
Domicile	Luxembourg
Benchmark	Cust. Benchmark Total Expense Ratio	1.63% (30.06.2021)
Total fee	1.30%
Commission	Issue: max. 2.00% Redemption: max2.00%2
Registered in	AT CH DE ES FR LU
in %	YTD	1M	3M	6M	1Y	3Y
5Y	10Y
since
p.a.
p.a.
p.a. launch
p.a.
2 
Only if no issuing commission was charged.
Fund	-3.57  -3.57  -2.05  -1.68	9.34	5.66	3.96	4.91	5.53
BM	-0.91  -0.91  -0.36  -1.85  -1.77	n.a.	n.a.	n.a.	n.a.

Translation (ENIT, 2022-01-31):
#  Evoluzione del valore in %
125
100
75
50
25
0
2013  2014  2015  2016  2017  2018  2019  2020  2021  2022
Rend. quote B	Rend. quote B dall'inizio
Società di gestione	GAM (Luxembourg) S.A.
Banca depositaria	State Street Bank International GmbH,
Luxembourg Branch, Luxembourg Struttura legale	SICAV di diritto lussemburghese Fondo attivo dal31.10.2008
Domicilio	Lussemburgo
Benchmark	Cust. Benchmark Total Expense Ratio	1.63% (30.06.2021)
Total fee	1.30%
Commissione	di emissione: max. 2.00% di rimborso: max2.00%2
Registrato in	AT CH DE ES FR LU
in % al	YTD	1M	3M	6M	1A	3A
annuo
5A
annuo
10A
annuo
dall' inizio p.a.
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
Fondo	-3.57  -3.57  -2.05  -1.68	9.34	5.66	3.96	4.91	5.53
BM	-0.91  -0.91  -0.36  -1.85  -1.77	n.a.	n.a.	n.a.	n.a.