OVHaiLLM/Flipper huggingface dataset:
#  Largest positions
Security	%
Microsoft Corp	US	6.02
UnitedHealth Group Inc	US	4.64
Apple Inc	US	4.54
Alphabet Inc A	US	4.14
Visa Inc	US	4.12
Johnson & Johnson	US	3.18
Honeywell Int Inc	US	2.78
Roche Holding GS	CH	2.70
MasterCard Inc	US	2.64
Nvidia Corp	US	2.41
Total37.17

Translation (ENIT, 2022-12-31):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	6.02
UnitedHealth Group Inc	US	4.64
Apple Inc	US	4.54
Alphabet Inc A	US	4.14
Visa Inc	US	4.12
Johnson & Johnson	US	3.18
Honeywell Int Inc	US	2.78
Roche Holding GS	CH	2.70
MasterCard Inc	US	2.64
Nvidia Corp	US	2.41
Totale37.17
Classe azioni Kh / Moneta GBP	31.12.2022	Materiale di marketing
#  Performance in %
125
Fund management company
GAM (Luxembourg) S.A.
100
75
50
25
0
-25
2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  2020
Perf. OE-shares	Perf. OE-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Date activated10.12.2010
Domicile	Luxembourg
Benchmark	Cust. Benchmark Total Expense Ratio	1.99% (31.12.2019)
Total fee	1.75%
Commission	Issue: max. 5.00% Redemption: max2.00%2
|  | p.a. | p.a. | p.a. launch p.a. |
| --- | --- | --- | --- |
| Fund | 4.33 | 4.42 | 22.02 | 4.33 | 14.18 | 6.66 | 7.00 | n.a.	8.86 |
| BM | 5.11 | 0.64 | 2.47 | 5.11 | 6.68 | 4.67 | 4.04 | n.a.	3.02 |
| Rolling | 30.06.2019 | 30.06.2018 | 30.06.2017 | 30.06.2016 | 30.06.2015 |
| perf. | - 30.06.2020 | - 30.06.2019 | - 30.06.2018 | - 30.06.2017 - | 30.06.2016 |
| Fund | 14.18 | -4.82 | 12.80 | 21.39 | -3.91 |
| BM | 6.68 | 6.69 | 0.75 | -2.20 | 8.70 |

in %	YTD	1M	3M	6M	1Y	3Y
5Y	10Y
since
Registered in	AT CH LU
2 
Only if no issuing commission was charged.

Translation (ENIT, 2020-06-30):
#  Evoluzione del valore in %
Gestore degli investimenti
Bruno Walter Finance SA
125
100
75
50
25
0
-25
2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  2020
Rend. quote OE	Rend. quote OE 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 dal10.12.2010
Domicilio	Lussemburgo
Benchmark	Cust. Benchmark Total Expense Ratio	1.99% (31.12.2019)
Total fee	1.75%
Commissione	di emissione: max. 5.00% di rimborso: max2.00%2
| in % al | YTD | 1M | 3M | 6M | 1A | 3A annuo | 5A annuo | 10A annuo | dall' inizio p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | 4.33 | 4.42 | 22.02 | 4.33 | 14.18 | 6.66 | 7.00 | n.a. | 8.86 |
| BM | 5.11 | 0.64 | 2.47 | 5.11 | 6.68 | 4.67 | 4.04 | n.a. | 3.02 |

Registrato in	AT CH LU
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
#  Comments
Market review
Despite discouraging political news (USA/China), the possible Covid-19 second wave and a regulatory disaster (Wirecard) discrediting official authorities, the stock markets continued their broad ascent in a highly volatile environment, with some indices even cancelling out the decline in March. Certain sectors of the economy have benefited from the situation, such as the digital and pharmaceutical sectors.
Performance contribution and portfolio changes
The team increased their high tech exposure with Ciena et Keysight Technologies (communication equipment), and in Hong Kong SMIC (semiconductor manufacturing), as well as the biotech sector in purchasing Novavax, Editas, Arctutus and Livongo Health.
Outlook and strategy
In regards to the team's longer-term economic forecasts and after the correction of the collapse of activity at the beginning of the year, they estimate low to moderate growth at 45-50%, rapid growth with inflation at 10%, recession/deflation at 20-25% and another exogenous shock at 20%.

Translation (ENIT, 2020-06-30):
#  Note
Retrospettiva
Nonostante notizie politiche scoraggianti (USA/Cina), la possibile seconda ondata di Covid-19 e un disastro normativo (Wirecard) che ha gettato discredito sulle autorità ufficiali, è proseguito l'ampio rialzo dei mercati azionari in un contesto fortemente volatile; taluni indici hanno recuperato l'intero calo di marzo. Alcuni settori dell'economia, ad esempio quello digitale e quello farmaceutico, hanno beneficiato della situazione.
Contributo alla performance e cambiamenti in portafoglio
Irrobustita l'esposizione high tech con Ciena e Keysight Technologies (attrezzature per comunicazioni), e in Hong Kong SMIC (produzione di semiconduttori), nonché nel settore biotech con acquisti di Novavax, Editas, Arctutus e Livongo Health.
Prospettive e strategia
Riguardo alle previsioni economiche di più lungo periodo dopo la correzione del crollo di attività all'inizio dell'anno, il team prevede una crescita da bassa a moderata al 45-50%, una crescida rapida con inflazione al 10%, recessione/deflazione al 20- 25% e un altro shock esogeno al 20%.
#  Statistics
Apple Inc	US	1.47
Tencent Holdings Ltd	CN	1.30
Sunny Optical Tech	CN	1.29
Alphabet Inc B	US	1.28
PING AN HEALTHCARE AND TECHN	CN	1.23
JD.com Inc	CN	1.21
Total15.75

Translation (ENIT, 2020-06-30):
#  Dati statistici
| Titolo |  | % |
| --- | --- | --- |
| Alibaba Group Holding | CN | 1.30 |
| Amazon.com Inc | US | 1.94 |
| Nvidia Corp | US | 1.91 |

Microsoft Corp	US	1.64
Apple Inc	US	1.47
Tencent Holdings Ltd	CN	1.30
Sunny Optical Tech	CN	1.29
Alphabet Inc B	US	0.64
PING AN HEALTHCARE AND TECHN	CN	1.23
JD.com Inc	CN	1.21
Totale13.93
#  Structure by sector
Health Care Information Technology Telecommunication Services
Volatility fund/benchmark (%)	16.25 / 3.491 Information
0.12 /
Consumer Discretionary
ratio/Sharpe ratio	0.301
1 
computed over 3 years

Translation (ENIT, 2020-06-30):
#  Struttura per settori
Salute
| Informatica |  |  | 24.9% |
| --- | --- | --- | --- |
| Servizi di telecomunicazione |  | 10.7% |  |
| Beni voluttuari |  | 10.2% |  |
| Industria | 5.6% |
| Liquidità | 3.5% |
| Finanza | 1.8% |

Volatilità fondo/benchmark (%)	16.25 / 3.491 Information	0.12 /
ratio/Sharpe ratio	0.301
1 
calcolato su base triennale
|  |
| --- |
|  | 78.7% |
|  |
|  | 18.1% |
| 1.5% 0.5% 0.4% 0.4% 0.2% 0.05% |

Translation (ENIT, 2022-11-30):
|  |
| --- |
|  | 78.7% |
|  |
|  | 18.1% |
| 1.5% 0.5% 0.4% 0.4% 0.2% 0.05% |
#  Structure by sector
Financial Communications
Energy Consumer, Cyclical Consumer, Non-Cyclical
Liquidity Basic Materials
Industrial

Translation (ENIT, 2021-06-30):
#  Struttura per settori
Finanziari Comunicazioni
Energia Beni di consumo, ciclici Beni di consumo, non ciclici
Liquidità Materiali di base
Industriali
| Dollaro Usa |  |
| --- | --- |
| EUR | 0.4% |
| GBP | 0.09% |
| F. Svizzero | 0.01% |
#  Performance in %
Fund management company
GAM (Luxembourg) S.A.
150
100
50
0
-50
2014  2015  2016  2017  2018  2019  2020  2021  2022  2023
Perf. A-shares	Perf. A-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date18.07.2013
Launch Share class18.07.2013
Domicile	Luxembourg
Benchmark	MSCI World 50% Hedged to EUR Last distribution	EUR 2.94 (Pay Date: 16.11.22) Total Expense Ratio	1.75% (31.12.2022)
Management fee	1.60%
| in % | YTD | 1M | 3M | 6M | 1Y | 3Y p.a. | 5Y	10Y  since p.a.	p.a. launch p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 4.82 | -0.06 | -0.85 | 5.11 | 3.59  10.53 | 6.56	7.46	5.14 |
| BM | 4.83 | -0.87 | -1.90 | 0.33 | -4.46  10.14 | 7.99  10.31	n.a. |
| Rolling | 28.02.2022 | 28.02.2021 | 29.02.2020	28.02.2019 | 28.02.2018 |

Commission	Issue: max. 5.00% Redemption: max3.00%2
Registered in	AT BE BH CH DE ES FR GB LI LU NL ZA
2 
Only if no issuing commission was charged.

Translation (ENIT, 2023-02-28):
#  Evoluzione del valore in %
150
100
50
0
-50
2014  2015  2016  2017  2018  2019  2020  2021  2022  2023
| in % al | YTD | 1M | 3M | 6M | 1A | 3A annuo | 5A annuo | 10A annuo | dall' inizio p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | 4.82 | -0.06 | -0.85 | 5.11 | 3.59 | 10.53 | 6.56 | 7.46 | 5.14 |
| BM | 4.83 | -0.87 | -1.90 | 0.33 | -4.46 | 10.14 | 7.99 | 10.31 | n.a. |
| Perf. | 28.02.2022 | 28.02.2021 | 29.02.2020 | 28.02.2019 | 28.02.2018 |

Rend. quote A	Rend. quote A 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 dal18.07.2013
Lancio dell'azione18.07.2013
Domicilio	Lussemburgo
Benchmark	MSCI World 50% Hedged to EUR Ultimi dividendi	EUR 2.94 (Pay Date: 16.11.22) Total Expense Ratio	1.75% (31.12.2022) Commissione di gestione 1.60%
Commissione	di emissione: max. 5.00% di rimborso: max3.00%2
Registrato in	AT BE BH CH DE ES FR GB LI LU NL ZA
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
#  Performance in %
Base data		 NAV per share	CHF 1'985.85
Total fund assets	CHF 108.14 m
Base currency	CHF Available currencies	CHF, EUR
Share class	C (accumulation)
Bloomberg Ticker	JBEGECC LX Security code ISIN	LU0330110163 Security code CH3525067 Investment manager	Carnot Capital AG
200
Fund management company
GAM (Luxembourg) S.A.
150
100
50
0
-50
2014  2015  2016  2017  2018  2019  2020  2021  2022  2023
Perf. C-shares	Perf. C-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date15.11.2007
Domicile	Luxembourg
Benchmark	STOXX Europe 600 ND
Management fee	1.20% + Perf. Fee
Commission	Issue: D+D2: max. 2.00%; B+C: max.
3.00%
in %	YTD	1M	3M	6M	1Y	3Y
5Y	10Y
since
Registered in	AT CH DE LI LU SE
p.a.
p.a.
p.a. launch
p.a.

Translation (ENIT, 2023-07-31):
#  Evoluzione del valore in %
Gestore degli investimenti
Carnot Capital AG
200
150
100
50
0
-50
2014  2015  2016  2017  2018  2019  2020  2021  2022  2023
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 dal15.11.2007
Domicilio	Lussemburgo
Benchmark	STOXX Europe 600 ND Commissione di gestione 1.20% + Perf. Fee
Commissione	di emissione: D+D2: max. 2.00%; B+C: max. 3.00%
| in % al | YTD | 1M | 3M | 6M | 1A | 3A annuo | 5A annuo | 10A annuo | dall' inizio p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | 9.33 | -1.58 | 0.50 | 1.40 | 7.97 | 8.72 | 3.48 | 4.41 | 5.18 |
| BM | 9.60 | 0.02 | -0.82 | 1.61 | 8.70 | 8.13 | 2.39 | 4.70 | n.a. |

Registrato in	AT CH DE LI LU SE
#  Largest positions
| Change of name: Julius Baer Fixed Income Global High Investment Grade, as of 06.07.2018 Julius |  | Security | Interest rate |  | % |
| --- | --- | --- | --- | --- | --- |
| Baer Fixed Income Investment Grade Corporate (USD). |  | T 0 3/8 03/31/22 | 0.375% | USD | 2.67 |
| Past performance is not an indicator of current or future trends. The performance |  | BAC 3.194 07/23/30 | 3.194% | USD | 1.33 |
| 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 |  | MS 3 1/8 07/27/26 | 3.125% | USD | 1.19 |
| of the investor). The indications are based on figures denominated in CHF. If this |  | Thermo Fisher Scientific Inc | 2.600% | USD | 1.16 |
| 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. |  | C 2.976 11/05/30 CHINA 2 1/8 12/03/29 | 2.976% 2.125% | USD USD | 1.16 1.15 |
| Statistics	 |  | AMGN 2.45 02/21/30 | 2.450% | USD | 1.13 |
| Volatility fund/benchmark (%)	4.33 / 4.781 Tracking Error (%)1.301 |  | ISRAEL 2 1/2 01/15/30 | 2.500% | USD | 1.11 |
| Information ratio/Sharpe ratio	-1.10 / 0.671 Correlation0.961 |  | Svenska Handelsbanken AB | 5.250% | USD | 1.10 |
| Jensen Alpha/Beta	-0.88 / 0.871 |  | TD 1.9 12/01/22 | 1.900% | USD | 1.10 |
| Average maturity in years	5.01 Modified Duration4.39 |  | Total |  |  | 13.10 |

Yield to Maturity (nominal) (%)1.65
1 
computed over 3 years

Translation (ENIT, 2020-08-31):
#  Le maggiori posizioni
| Titolo | Tasso d'inter. |  | % |
| --- | --- | --- | --- |
| T 0 3/8 03/31/22 | 0.375% | USD | 2.67 |
| BAC 3.194 07/23/30 | 3.194% | USD | 1.33 |
| MS 3 1/8 07/27/26 | 3.125% | USD | 1.19 |
| Thermo Fisher Scientific Inc | 2.600% | USD | 1.16 |
| C 2.976 11/05/30 | 2.976% | USD | 1.16 |
| CHINA 2 1/8 12/03/29 | 2.125% | USD | 1.15 |
| AMGN 2.45 02/21/30 | 2.450% | USD | 1.13 |
| ISRAEL 2 1/2 01/15/30 | 2.500% | USD | 1.11 |
| Svenska Handelsbanken AB | 5.250% | USD | 1.10 |
| TD 1.9 12/01/22 | 1.900% | USD | 1.10 |
| Totale |  |  | 13.10 |

Struttura per valute	
1 
calcolato su base triennale
#  Largest positions
Security	%
Microsoft Corp	US	6.95
Apple Inc	US	5.66
Alphabet Inc A	US	5.08
Facebook Inc	US	3.69
Visa Inc	US	3.60
Nvidia Corp	US	3.57
ASML Holding NV	NL	3.00
UnitedHealth Group Inc	US	2.70
Amazon.com Inc	US	2.47
Adobe Systems Inc	US	2.32
Total39.04

Translation (ENIT, 2022-01-31):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	6.95
Apple Inc	US	5.66
Alphabet Inc A	US	5.08
Facebook Inc	US	3.69
Visa Inc	US	3.60
Nvidia Corp	US	3.57
ASML Holding NV	NL	3.00
UnitedHealth Group Inc	US	2.70
Amazon.com Inc	US	2.47
Adobe Systems Inc	US	2.32
Totale39.04
Classe azioni B / Moneta CHF	31.01.2022	Materiale di marketing
#  Largest positions
| Security |  | % |
| --- | --- | --- |
| Microsoft Corp | US | 5.25 |
| Alphabet Inc A | US | 5.05 |
| Johnson & Johnson | US | 4.17 |
| UnitedHealth Group Inc | US | 4.07 |
| MasterCard Inc | US | 3.89 |
| Visa Inc | US | 3.12 |
| Home Depot Inc | US | 2.99 |
| Apple Inc | US | 2.83 |

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

Translation (ENIT, 2022-12-31):
#  Le maggiori posizioni
| Titolo |  | % |
| --- | --- | --- |
| Microsoft Corp | US | 5.25 |
| Alphabet Inc A | US | 5.05 |
| Johnson & Johnson | US | 4.17 |
| UnitedHealth Group Inc | US | 4.07 |
| MasterCard Inc | US | 3.89 |
| Visa Inc | US | 3.12 |
| Home Depot Inc | US | 2.99 |
| Apple Inc | US | 2.83 |

Struttura per settori	
Informatica
Salute Beni di prima necessita'
Industria Finanza
Beni voluttuari Servizi di telecomunicazione
Energia
#  Largest positions
Security	%
Apple Inc	US	5.70
Microsoft Corp	US	5.64
Alphabet Inc A	US	5.33
UnitedHealth Group Inc	US	4.78
Visa Inc	US	4.12
Johnson & Johnson	US	2.96
Roche Holding GS	CH	2.96
Thermo Fisher Scientific Inc	US	2.72
Walmart Inc	US	2.64
Nvidia Corp	US	2.60
Total39.45

Translation (ENIT, 2022-08-31):
#  Le maggiori posizioni
Titolo	%
Apple Inc	US	5.70
Microsoft Corp	US	5.64
Alphabet Inc A	US	5.33
UnitedHealth Group Inc	US	4.78
Visa Inc	US	4.12
Johnson & Johnson	US	2.96
Roche Holding GS	CH	2.96
Thermo Fisher Scientific Inc	US	2.72
Walmart Inc	US	2.64
Nvidia Corp	US	2.60
Totale39.45
Classe azioni Kh / Moneta GBP	31.08.2022	Materiale di marketing
#  Statistics
| Volatility fund/benchmark (%) | 7.18 / 7.991 Tracking Error (%) | 2.831 |
| --- | --- | --- |
| Information ratio/Sharpe ratio | 0.12 / 0.481 Correlation | 0.941 |
| Jensen Alpha/Beta | 0.81 / 0.841 |  |
| Average maturity in years | 5.93 Modified Duration | 4.00 |
| Yield to Maturity (nominal) (%) | 4.43 |  |
| 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.
Commission	Issue: max. 5.00% Redemption: max. 3.00%3
Registered in	AT BE CH DE DK ES FR GB IE IT LU NL SE4
2 
© 2020 Morningstar. All Rights Reserved.
3 
Only if no issuing commission was charged.
4 
DK: Registration for professional investors only

Translation (ENIT, 2020-08-31):
#  Dati statistici
di rimborso: max. 3.00%3
Registrato in	AT BE CH DE DK ES FR GB IE IT LU NL SE4
2 
© 2020 Morningstar. Tutti i diritti riservati.
3 
Soltanto se non è stata riscossa alcuna commissione di emissione.
4 
DK: Registrazione solo per investitori professionisti
| Titolo | Tasso d'inter. |  | % |
| --- | --- | --- | --- |
| ARBANK 6 1/2 01/28/25 | 6.500% | USD | 0.94 |
| EBIUH 6 1/8 PERP | 6.125% | USD | 0.66 |
| BRASKM 8 1/2 01/23/81 | 8.500% | USD | 0.65 |
#  Largest positions
Security	%
Microsoft Corp	US	6.93
Apple Inc	US	5.64
Alphabet Inc A	US	5.06
Facebook Inc	US	3.68
Visa Inc	US	3.59
Nvidia Corp	US	3.56
ASML Holding NV	NL	2.99
UnitedHealth Group Inc	US	2.69
Amazon.com Inc	US	2.46
Adobe Systems Inc	US	2.31
Total38.91

Translation (ENIT, 2022-01-31):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	6.93
Apple Inc	US	5.64
Alphabet Inc A	US	5.06
Facebook Inc	US	3.68
Visa Inc	US	3.59
Nvidia Corp	US	3.56
ASML Holding NV	NL	2.99
UnitedHealth Group Inc	US	2.69
Amazon.com Inc	US	2.46
Adobe Systems Inc	US	2.31
Totale38.91
Classe azioni K / Moneta GBP	31.01.2022	Materiale di marketing
#  Base data		 NAV per share	USD 145.33
Total fund assets	USD 123.98 m
Base currency	EUR Available currencies	CHF, USD
Currency hedging	hedged against base currency Share class	D (accumulation)
Bloomberg Ticker	JBMHBDU LX Security code ISIN	LU0693175530 Security code CH14096210 Investment manager	Crossinvest SA

Translation (ENIT, 2022-08-31):
#  Dati di base		 Valore netto	USD 145.33
Patrimonio del fondo	USD 123.98 Mln.
Valuta di riferimento	EUR
Valute disponibili	CHF, USD
Valuta di copertura	copertura di base contro la moneta Classe azioni	D (accumulazione)
Bloomberg Ticker	JBMHBDU LX
Codice ISIN	LU0693175530
Codice di valor CH14096210
| Rischio del fondo | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- | --- |

Gestore degli investimenti
Crossinvest SA
Rischio più basso	Rischio più elevato
#  Performance in %
Base data		 NAV per share	USD 134.49
Total fund assets	USD 823.84 m
Base currency	USD
Available currencies	USD, CHF, EUR, GBP, SGD Share class	N (accumulation)
Bloomberg Ticker	JBENGNU LX Security code ISIN	LU1649334403 Security code CH37574602
Investment manager	Bank Julius Bär & Co. AG
100
75
Fund management company
GAM (Luxembourg) S.A.
50
25
0
-25
-50
2018	2019	2020	2021	2022	2023
Perf. N-shares	Perf. N-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date23.02.2018
Launch Share class23.02.2018
Domicile	Luxembourg
Benchmark	MSCI AC World ND Total Expense Ratio	1.06% (31.12.2022)
| in % | YTD | 1M | 3M | 6M | 1Y | 3Y p.a. | 5Y p.a. | 10Y  since p.a. launch p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 5.22 | 2.30 | 5.22 | 10.23 | -14.82  13.46 | 6.59 | n.a.	5.98 |
| BM | 7.31 | 3.08 | 7.31 | 17.78 | -7.44  15.36 | 6.94 | n.a.	6.10 |
| Rolling | 31.03.2022 | 31.03.2021 | 31.03.2020	31.03.2019 | 31.03.2018 |
| perf. | - 31.03.2023 | - 31.03.2022 | - 31.03.2021 - 31.03.2020 | - 31.03.2019 |
| Fund | -14.82 | 11.57 | 53.66	-6.73 | 1.01 |
| BM | -7.44 | 7.28 | 54.60	-11.26 | 2.68 |

Management fee	0.90%
Commission	Issue: max. 5.00% Redemption: max3.00%2
Registered in	BH CH DK GB LU PT ZA3
2 
Only if no issuing commission was charged.
3 
DK: Registration for professional investors only

Translation (ENIT, 2023-03-31):
#  Evoluzione del valore in %
Gestore degli investimenti
Bank Julius Bär & Co. AG
100
75
50
25
0
-25
-50
2018	2019	2020	2021	2022	2023
Rend. quote N	Rend. quote N 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 dal23.02.2018
Lancio dell'azione23.02.2018
Domicilio	Lussemburgo
Benchmark	MSCI AC World ND Total Expense Ratio 1.06% (31.12.2022) Commissione di gestione 0.90%
| in % al | YTD | 1M | 3M | 6M | 1A | 3A annuo | 5A annuo | 10A annuo | dall' inizio p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | 5.22 | 2.30 | 5.22 | 10.23 | -14.82 | 13.46 | 6.59 | n.a. | 5.98 |
| BM | 7.31 | 3.08 | 7.31 | 17.78 | -7.44 | 15.36 | 6.94 | n.a. | 6.10 |
| Perf. | 31.03.2022 | 31.03.2021 | 31.03.2020 | 31.03.2019 | 31.03.2018 |
| rolling | - 31.03.2023 | - 31.03.2022 | - 31.03.2021 | - 31.03.2020 | - 31.03.2019 |
| Fondo | -14.82 | 11.57 | 53.66 | -6.73 | 1.01 |
| BM | -7.44 | 7.28 | 54.60 | -11.26 | 2.68 |

Commissione	di emissione: max. 5.00% di rimborso: max3.00%2
Registrato in	BH CH DK GB LU PT ZA3
2 
Soltanto se non è stata riscossa alcuna commissione di emissione.
3 
DK: Registrazione solo per investitori professionisti
| Titolo |  | % |
| --- | --- | --- |
| Microsoft Corp | US | 4.69 |
| Alphabet Inc A | US | 4.23 |
| UnitedHealth Group Inc | US | 4.00 |
| NUTRIEN LTD | CA | 3.34 |
| Thermo Fisher Scientific Inc | US | 3.04 |
| Mosaic Co | US | 2.54 |
| CORTEVA INC | US | 2.53 |
| IQVIA Holdings Inc | US | 2.33 |
#  Largest positions
| Security | Interest rate |  | % |
| --- | --- | --- | --- |
| Sika AG | 0.150% | CH | 6.32 |
| AMXLMM 0 03/02/24 | 0.000% | NL | 5.90 |
| NIPSTL 0 10/05/26 | 0.000% | JP | 5.75 |
| EDION 0 06/19/25 | 0.000% | JP | 5.43 |
| EMCORE CONVRT GLB-T |  | AT | 4.64 |
| LUV 1 1/4 05/01/25 | 1.250% | US | 4.44 |
| ADM 0 08/26/23 | 0.000% | VG | 4.11 |
| AMSSM 1 1/2 04/09/25 | 1.500% | ES | 4.02 |
| ROHMCO 0 12/05/24 | 0.000% | JP | 4.01 |
| PCIM 0 12/22/25 | 0.000% | IT | 3.34 |
| Total |  |  | 47.96 |

1 
computed over 3 years

Translation (ENIT, 2023-02-28):
#  Le maggiori posizioni
| Titolo | Tasso d'inter. |  | % |
| --- | --- | --- | --- |
| Sika AG | 0.150% | CH | 6.32 |
| AMXLMM 0 03/02/24 | 0.000% | NL | 5.90 |
| NIPSTL 0 10/05/26 | 0.000% | JP | 5.75 |
| EDION 0 06/19/25 | 0.000% | JP | 5.43 |
| EMCORE CONVRT GLB-T |  | AT | 4.64 |
| LUV 1 1/4 05/01/25 | 1.250% | US | 4.44 |
| ADM 0 08/26/23 | 0.000% | VG | 4.11 |
| AMSSM 1 1/2 04/09/25 | 1.500% | ES | 4.02 |
| ROHMCO 0 12/05/24 | 0.000% | JP | 4.01 |
| PCIM 0 12/22/25 | 0.000% | IT | 3.34 |
| Totale |  |  | 47.96 |

1 
calcolato su base triennale
#  Largest positions
Security	%
Link REIT	HK	8.75
Goodman Group	AU	8.12
Japan Retail Fund Inv C	JP	5.52
GLP J-Reit	JP	5.05
Ascendas Real Estate Inv	SG	5.05
Scentre Group	AU	4.61
Capitamall Trust	SG	4.08
Mirvac Group	AU	3.99
Stockland	AU	3.98
NIPPON PROLOGIS REIT INC	JP	3.39
Total52.54

Translation (ENIT, 2021-07-31):
#  Le maggiori posizioni
Titolo	%
Link REIT	HK	8.75
Goodman Group	AU	8.12
Japan Retail Fund Inv C	JP	5.52
GLP J-Reit	JP	5.05
Ascendas Real Estate Inv	SG	5.05
Scentre Group	AU	4.61
Capitamall Trust	SG	4.08
Mirvac Group	AU	3.99
Stockland	AU	3.98
NIPPON PROLOGIS REIT INC	JP	3.39
Totale52.54
Classe azioni Kq / Moneta USD	31.07.2021	Materiale di marketing
#  Largest positions
Security	%
Apple Inc	US	6.34
Microsoft Corp	US	5.05
Alphabet Inc A	US	4.82
Facebook Inc	US	4.23
MasterCard Inc	US	4.20
Johnson & Johnson	US	3.55
Amazon.com Inc	US	3.33
Adobe Systems Inc	US	3.28
Visa Inc	US	3.00
Salesforce Inc	US	2.73
Total40.53

Translation (ENIT, 2020-08-31):
#  Le maggiori posizioni
Titolo	%
Apple Inc	US	6.34
Microsoft Corp	US	5.05
Alphabet Inc A	US	4.82
Facebook Inc	US	4.23
MasterCard Inc	US	4.20
Johnson & Johnson	US	3.55
Amazon.com Inc	US	3.33
Adobe Systems Inc	US	3.28
Visa Inc	US	3.00
Salesforce Inc	US	2.73
Totale40.53
Classe azioni K / Moneta EUR	31.08.2020	Materiale di marketing
#  Statistics	
 Volatility fund/benchmark (%)	14.13 / 14.181 Tracking Error (%)	0.101
 Information ratio/Sharpe ratio	-1.15 / 0.471 Correlation	1.001
 Jensen Alpha/Beta	-0.10 / 1.001
1 
computed over 3 years

Translation (ENIT, 2023-02-28):
#  Dati statistici	
 Volatilità fondo/benchmark (%)	14.13 / 14.181 Tracking error (%)	0.101
 Information ratio/Sharpe ratio	-1.15 / 0.471 Correlazione	1.001
 Jensen Alpha/Beta	-0.10 / 1.001
1 
calcolato su base triennale
#  Structure by sector
Industrials Consumer Discretionary
Utilities Materials Telecommunication Services
Financials Consumer Staples Information Technology
Energy Health Care

Translation (ENIT, 2023-02-28):
#  Struttura per settori
Industria Beni voluttuari
Servizi di pubblica utilità
Materiali Servizi di telecomunicazione
Finanza Beni di prima necessita'
Informatica
Energia Salute