OVHaiLLM/Flipper huggingface dataset:
#  Largest positions
Security	%
Microsoft Corp	US	5.05
Alphabet Inc A	US	4.98
Apple Inc	US	4.51
Facebook Inc	US	4.18
Visa Inc	US	3.75
ASML Holding NV	NL	3.18
Nvidia Corp	US	2.98
Amazon.com Inc	US	2.82
DSV PANALPINA A/S	DK	2.39
UnitedHealth Group Inc	US	2.32 Total36.16

Translation (ENIT, 2021-06-30):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	5.05
Alphabet Inc A	US	4.98
Apple Inc	US	4.51
Facebook Inc	US	4.18
Visa Inc	US	3.75
ASML Holding NV	NL	3.18
Nvidia Corp	US	2.98
Amazon.com Inc	US	2.82
DSV PANALPINA A/S	DK	2.39
UnitedHealth Group Inc	US	2.32 Totale36.16
Classe azioni B / Moneta CHF	30.06.2021	Materiale di marketing
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
| Global Emerging Market |  |  | 23.6% | 39.2% |
| High Yield |  |  | 17.6% |  |
| US Broad |  |  | 12.5% |  |
| Corporate |  | 4.9% |  |  |
| Liquidity |  | 2.3% |  |  |
|  |  |  |  |  |

Translation (ENIT, 2021-06-30):
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
| Global Emerging Market |  |  | 23.6% | 39.2% |
| High Yield |  |  | 17.6% |  |
| US Broad |  |  | 12.5% |  |
| Corporate |  | 4.9% |  |  |
| Liquidity |  | 2.3% |  |  |
|  |  |  |  |  |
#  Statistics	
 Volatility fund/benchmark (%)	18.95 / 18.401 Tracking Error (%)	8.651
 Information ratio/Sharpe ratio	-0.41 / 0.331 Correlation	0.891
 Jensen Alpha/Beta	-2.57 / 0.921
1 
computed over 3 years

Translation (ENIT, 2023-02-28):
#  Dati statistici	
 Volatilità fondo/benchmark (%)	18.95 / 18.401 Tracking error (%)	8.651
 Information ratio/Sharpe ratio	-0.41 / 0.331 Correlazione	0.891
 Jensen Alpha/Beta	-2.57 / 0.921
1 
calcolato su base triennale
#  Structure by sector	
Financial Communications Consumer, Non-Cyclical
Energy Consumer, Cyclical
Liquidity Basic Materials
Industrial

Translation (ENIT, 2020-08-31):
#  Struttura per settori	
Finanziari Comunicazioni
Beni di consumo, non ciclici
Energia Beni di consumo, ciclici
Liquidità Materiali di base
Industriali
#  Performance in %
Base data		 NAV per share	CHF 120.97
Total fund assets	CHF 447.94 m
Base currency	USD Available currencies	CHF, EUR
Currency hedging	not hedged against base currency Share class	C (accumulation)
Bloomberg Ticker	MPKOGEC LX Security code ISIN	LU1643692699 Security code CH37377692 Investment manager	Konwave AG
150
Fund management company
GAM (Luxembourg) S.A.
100
50
0
-50
2017	2018	2019	2020	2021	2022
Perf. C-shares	Perf. C-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date30.06.2005
Domicile	Luxembourg
Benchmark	FTSE Gold Mines Series (All Mines) PI Total Expense Ratio	1.25% (30.06.2022)
Management fee	1.00% + Perf. Fee2
Commission	Issue: max. 1.50% Redemption: max3.00%3
in %	YTD	1M	3M	6M	1Y	3Y
p.a.
5Y	10Y  since
p.a.	p.a. launch p.a.
Registered in	AT CH DE LU
| Fund | -28.17 | -8.06 | -23.28 | -30.01 | -27.42 | -1.60 | 0.38 | n.a.	3.76 | Watermark. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BM | -25.32 | -5.59 | -27.33 | -29.47 | -24.76 | -10.15 | -2.02 | n.a.	0.91 | 3  Only if no issuing commission was charged. |

2 
Performance Fee: 10% of the outperformance vs. Benchmark; incl. High
| Rolling | 31.08.2021 | 31.08.2020 | 31.08.2019 | 31.08.2018 | 31.08.2017 |
| --- | --- | --- | --- | --- | --- |
| perf. | - 31.08.2022 | - 31.08.2021 | - 31.08.2020 | - 31.08.2019 | - 31.08.2018 |
| Fund | -27.42 | -17.07 | 58.32 | 47.68 | -27.56 |
| BM | -24.76 | -26.31 | 30.81 | 70.12 | -26.81 |

Translation (ENIT, 2022-08-31):
#  Evoluzione del valore in %
Gestore degli investimenti
Konwave AG
150
100
50
0
-50
2017	2018	2019	2020	2021	2022
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 dal30.06.2005
Domicilio	Lussemburgo
Benchmark	FTSE Gold Mines Series (All Mines) PI Total Expense Ratio	1.25% (30.06.2022)
Commissione di gestione 1.00% + Perf. Fee2
Commissione	di emissione: max. 1.50% di rimborso: max3.00%3
| in % al | YTD | 1M | 3M | 6M | 1A | 3A annuo | 5A annuo | 10A annuo | dall' inizio p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | -28.17 | -8.06 | -23.28 | -30.01 | -27.42 | -1.60 | 0.38 | n.a. | 3.76 |
| BM | -25.32 | -5.59 | -27.33 | -29.47 | -24.76 | -10.15 | -2.02 | n.a. | 0.91 |

Registrato in	AT CH DE LU
2 
Perf. Fee = Commissione di performance: 10% dell'outperformance rispetto al benchmark, high watermark incluso.
3 
Soltanto se non è stata riscossa alcuna commissione di emissione.
Perf. rolling
31.08.2021
- 31.08.2022
31.08.2020
- 31.08.2021
31.08.2019
- 31.08.2020
31.08.2018
- 31.08.2019
31.08.2017
- 31.08.2018
#  Largest positions
Security	%
Microsoft Corp	US	5.97
UnitedHealth Group Inc	US	4.60
Apple Inc	US	4.51
Alphabet Inc A	US	4.11
Visa Inc	US	4.09
Johnson & Johnson	US	3.15
Honeywell Int Inc	US	2.75
Roche Holding GS	CH	2.68
MasterCard Inc	US	2.61
Nvidia Corp	US	2.39
Total36.86

Translation (ENIT, 2022-12-31):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	5.97
UnitedHealth Group Inc	US	4.60
Apple Inc	US	4.51
Alphabet Inc A	US	4.11
Visa Inc	US	4.09
Johnson & Johnson	US	3.15
Honeywell Int Inc	US	2.75
Roche Holding GS	CH	2.68
MasterCard Inc	US	2.61
Nvidia Corp	US	2.39
Totale36.86
Classe azioni V / Moneta EUR	31.12.2022	Materiale di marketing
#  Structure by sector
Information Technology
Health Care Industrials Consumer Staples
Consumer Discretionary Telecommunication Services
Financials Materials

Translation (ENIT, 2022-10-31):
#  Struttura per settori
| Informatica |  | 36.5% |
| --- | --- | --- |
| Salute |  | 25.6% |
| Industria | 11.2% |  |
| Beni di prima necessita' | 8.9% |  |

Beni voluttuari Servizi di telecomunicazione
Finanza Materiali
#  Largest positions	
Security	%
AbbVie Inc	US	2.17
National Grid PLC	GB	2.09
PepsiCo Inc	US	2.09
Unilever NV	NL	2.07
Merck & Co Inc	US	2.07
Phillips 66	US	2.06
Altria Group Inc	US	2.05
Coca-Cola Co	US	2.04
McDonalds Corp	US	2.04
Sanofi Synthelabo	FR	2.03
Total20.71

Translation (ENIT, 2023-02-28):
#  Le maggiori posizioni	
Titolo	%
AbbVie Inc	US	2.17
National Grid PLC	GB	2.09
PepsiCo Inc	US	2.09
Unilever NV	NL	2.07
Merck & Co Inc	US	2.07
Phillips 66	US	2.06
Altria Group Inc	US	2.05
Coca-Cola Co	US	2.04
McDonalds Corp	US	2.04
Sanofi Synthelabo	FR	2.03
Totale20.71
#  Largest positions	
Security	%
Nestle SA	CH	5.09
Novartis AG	CH	4.77
Roche Holding GS	CH	4.35
ASML Holding NV	NL	4.24
Novo Nordisk A/S	DK	4.20
Rio Tinto Plc	GB	3.91
LVMH Moet Hennessy SA	FR	3.58
Unilever NV	NL	3.38

Translation (ENIT, 2022-08-31):
#  Le maggiori posizioni	
Titolo	%
Nestle SA	CH5.09
Novartis AG	CH4.77
Roche Holding GS	CH4.35
ASML Holding NV	NL4.24
Novo Nordisk A/S	DK4.20
Rio Tinto Plc	GB3.91
LVMH Moet Hennessy SA	FR3.58
Unilever NV	NL3.38
#  Statistics	
 Volatility fund/benchmark (%)	45.06 / 39.501 Tracking Error (%)	14.921
 Information ratio/Sharpe ratio	0.73 / 0.171 Correlation	0.951
 Jensen Alpha/Beta	13.80 / 1.081
1 
computed over 3 years

Translation (ENIT, 2023-02-28):
#  Dati statistici	
 Volatilità fondo/benchmark (%)	45.06 / 39.501 Tracking error (%)	14.921
 Information ratio/Sharpe ratio	0.73 / 0.171 Correlazione	0.951
 Jensen Alpha/Beta	13.80 / 1.081
1 
calcolato su base triennale
#  Base data		 NAV per share	CHF 98.73
Total fund assets	CHF 72.55 m
Base currency	CHF
Share class	E (accumulation)
Bloomberg Ticker	JBPSCCE LX Security code ISIN	LU0150368693 Security code CH1416326
Investment manager	Bank Julius Bär & Co. AG

Translation (ENIT, 2022-12-31):
#  Dati di base		 Valore netto	CHF 98.73
Patrimonio del fondo	CHF 72.55 Mln.
Valuta di riferimento	CHF
Classe azioni	E (accumulazione)
Bloomberg Ticker	JBPSCCE LX
Codice ISIN	LU0150368693
Codice di valor CH1416326
Rischio più basso	Rischio più elevato
Gestore degli investimenti
Bank Julius Bär & Co. AG
#  Largest positions
Security	%
Samsung Electronics Co Ltd	KR	4.40
Taiwan Semicon Man Co Ltd	TW	4.26
Icici Bank Ltd-Spon Adr	IN	3.63
Tencent Holdings Ltd	CN	3.33
HK Exchanges and Clearing	HK	3.20
| Reliance Inds-Spons GDR 144A | IN | 3.16 |
| --- | --- | --- |
| Capitamall Trust | SG | 2.98 |

Ascendas Real Estate Inv	SG	2.97
ALIBABA GROUP HOLDING LTD	CN	2.50
HDFC Bank Ltd	IN	2.48
Total32.91

Translation (ENIT, 2022-07-31):
#  Le maggiori posizioni
| Titolo |  | % |
| --- | --- | --- |
| Samsung Electronics Co Ltd | KR | 4.40 |
| Taiwan Semicon Man Co Ltd | TW | 4.26 |

Icici Bank Ltd-Spon Adr	IN	3.63
Tencent Holdings Ltd	CN	3.33
HK Exchanges and Clearing	HK	3.20
Reliance Inds-Spons GDR 144A	IN	3.16
Capitamall Trust	SG	2.98
Ascendas Real Estate Inv	SG	2.97
ALIBABA GROUP HOLDING LTD	CN	2.50
HDFC Bank Ltd	IN	2.48
Totale32.91
#  Structure by sector
Information Technology
Financials Consumer Discretionary
| Real Estate |  | 13.6% |
| --- | --- | --- |
| Telecommunication Services | 9.0% |  |
| Energy | 6.5% |  |
| Consumer Staples | 5.4% |  |
| Liquidity | 2.8% |  |
|  |  |  |

Translation (ENIT, 2022-07-31):
#  Struttura per settori
Informatica Finanza
Beni voluttuari Investimento immobiliare Servizi di telecomunicazione
Energia Beni di prima necessita'
Liquidità
# Structure by country
Italy Germany France Luxembourg Netherlands
Spain Supranational
Austria
Share class C / Currency EUR	28.02.2023	Marketing material for professional investors Opportunities
The fund invests in a broadly diversified bond universe and seeks various opportunities for returns.

Translation (ENIT, 2023-02-28):
# Struttura per paesi
Italia Germania Francia Lussemburgo Paesi Bassi
Spagna Supranazionale
Austria
Classe azioni C / Moneta EUR	28.02.2023	Materiale di marketing per investitori professionali Opportunità
Il Fondo investe in un universo obbligazionario ampiamente diversificato e cerca di cogliere le opportunità di rendimento ovunque si presentino.
#  Investment focus and suitability	
The JULIUS BAER FIXED INCOME GLOBAL QUALITY HIGH YIELD FUND invests
in a globally diversified portfolio of high yield corporate bonds across developed markets and emerging markets. The fund tends to have a quality bias with at least 51% of the assets invested in bonds rated BB- or better. Through top down market analysis and bottom up credit selection, the fund seeks to achieve compelling risk- adjusted returns from regional and sectorial allocation, issuer and bond selection, portfolio construction and beta management.

Translation (ENIT, 2020-08-31):
#  Politica di investimento e tipologia di investitore	
Lo JULIUS BAER FIXED INCOME GLOBAL QUALITY HIGH YIELD FUND investe in
un portafoglio diversificato a livello globale di obbligazioni societarie ad alto rendimento dei mercati sviluppati ed emergenti. Il fondo presenta tendenzialmente un orientamento a favore della qualità, con almeno il 51% del patrimonio investito in obbligazioni con rating BB- o superiore. Tramite un'analisi top down del mercato e una selezione bottom up del credito, il fondo cerca di raggiungere rendimenti corretti per il rischio interessanti con l'allocazione regionale e settoriale, la selezione di emittenti e obbligazioni, la costruzione del portafoglio e la gestione del beta.
#  Structure by sector
| Health Care | 34.0% |
| --- | --- |
| Information Technology |  |  | 26.6% |
| Telecommunication Services |  | 10.6% |  |
| Consumer Discretionary |  | 10.2% |  |

Volatility fund/benchmark (%)	16.45 / 3.721 Information	0.26 /
ratio/Sharpe ratio	0.441
1 
computed over 3 years

Translation (ENIT, 2020-08-31):
#  Struttura per settori
| Salute | 34.0% |
| --- | --- |
| Informatica |  |  | 26.6% |
| Servizi di telecomunicazione |  | 10.6% |  |
| Beni voluttuari |  | 10.2% |  |

Volatilità fondo/benchmark (%)	16.45 / 3.721 Information	0.26 /
ratio/Sharpe ratio	0.441
1 
calcolato su base triennale
#  Structure by sector
Financial Consumer, Non-Cyclical
Industrial Utilities
| Consumer, Cyclical |  | 8.3% |
| --- | --- | --- |
| Communications |  | 7.1% |
| Government |  | 2.7% |
| Liquidity |  | 2.5% |
|  |  |  |

Translation (ENIT, 2023-02-28):
#  Struttura per settori
Finanziari Beni di consumo, non ciclici
Industriali Servizi pubblici
Beni di consumo, ciclici
Comunicazioni Titoli di stato
Liquidità
-5
-10
-15
-20
2016	2017	2018	2019	2020	2021	2022	2023
Perf. K-shares	Perf. K-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date21.07.2014
Launch Share class18.04.2016
Domicile	Luxembourg
Benchmark	ICE BofA 1-10 Year Euro Corporate Index (ER05)
Total Expense Ratio	0.65% (31.12.2022)

Translation (ENIT, 2023-02-28):
-5
-10
-15
-20
2016	2017	2018	2019	2020	2021	2022	2023
Rend. quote K	Rend. quote K 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'azione18.04.2016
Domicilio	Lussemburgo
Benchmark	ICE BofA 1-10 Year Euro Corporate Index (ER05)
Total Expense Ratio	0.65% (31.12.2022) Commissione di gestione 0.50%
#  Statistics	
 Volatility fund/benchmark (%)	10.07 / 10.741 Tracking Error (%)	6.941
 Information ratio/Sharpe ratio	-0.59 / 0.711 Correlation	0.781
 Jensen Alpha/Beta	-0.98 / 0.731
1 
computed over 3 years

Translation (ENIT, 2021-09-30):
#  Dati statistici	
 Volatilità fondo/benchmark (%)	10.07 / 10.741 Tracking error (%)	6.941
 Information ratio/Sharpe ratio	-0.59 / 0.711 Correlazione	0.781
 Jensen Alpha/Beta	-0.98 / 0.731
1 
calcolato su base triennale
#  Largest positions
| Security |  | % |
| --- | --- | --- |
| Nvidia Corp | US | 6.09 |
| Taiwan Semicon Man Co Ltd | TW | 4.91 |
| Microsoft Corp | US | 3.80 |
| Tencent Holdings Ltd | CN | 3.52 |
| ASML Holding NV | NL | 3.36 |
| Apple Inc | US | 3.28 |
| Visa Inc | US | 2.70 |
| MasterCard Inc | US | 2.05 |
| Danaher Corp | US | 2.02 |
| Adobe Systems Inc | US | 2.01 |
| Total |  | 33.74 |

Statistics	
 Volatility fund/benchmark (%)	24.07 / 24.411 Tracking Error (%)	0.681
 Information ratio/Sharpe ratio	-1.17 / 0.271 Correlation	1.001
 Jensen Alpha/Beta	-0.77 / 0.991
1 
computed over 3 years

Translation (ENIT, 2023-02-28):
#  Le maggiori posizioni
| Titolo |  | % |
| --- | --- | --- |
| Nvidia Corp | US | 6.09 |
| Taiwan Semicon Man Co Ltd | TW | 4.91 |

Visa Inc	US2.70
MasterCard Inc	US2.05
Danaher Corp	US2.02
Adobe Systems Inc	US2.01
Totale33.74
Dati statistici	
 Volatilità fondo/benchmark (%)	24.07 / 24.411 Tracking error (%)	0.681
 Information ratio/Sharpe ratio	-1.17 / 0.271 Correlazione	1.001
 Jensen Alpha/Beta	-0.77 / 0.991
1 
calcolato su base triennale
#  Statistics
Largest positions	
| Security |  | % |
| --- | --- | --- |
| Nvidia Corp | US | 2.36 |
| Apple Inc | US | 1.50 |
| Thermo Fisher Scientific Inc | US | 1.10 |

Byd Co Ltd	CN	1.09
Meyer Burger Technology AG	CH	1.07
Microsoft Corp	US	1.01
Amazon.com Inc	US	0.96
Applied Materials Inc	US	0.94
Alibaba Group Holding	CN	0.89
Facebook Inc	US	0.89
Total11.81

Translation (ENIT, 2023-02-28):
#  Dati statistici
| Titolo |  | % |
| --- | --- | --- |
| Nvidia Corp | US | 2.36 |
| Apple Inc | US | 1.50 |
| Thermo Fisher Scientific Inc | US | 1.10 |

Byd Co Ltd	CN	1.09
Meyer Burger Technology AG	CH	1.07
Microsoft Corp	US	1.01
Amazon.com Inc	US	0.96
Applied Materials Inc	US	0.94
Alibaba Group Holding	CN	0.89
Facebook Inc	US	0.89
Totale11.81
#  Structure by investment type
Volatility fund/benchmark (%)	19.10 / 6.921 Information	0.60 /
ratio/Sharpe ratio	0.151
1 
computed over 3 years

Translation (ENIT, 2023-02-28):
#  Struttura per tipi d'investimento
|  |
| --- |
|  | 74.8% |
|  |
|  | 20.6% |
| 3.1% 1.5% |

Volatilità fondo/benchmark (%)	19.10 / 6.921 Information	0.60 /
ratio/Sharpe ratio	0.151
1 
calcolato su base triennale
Byd Co Ltd	CN	1.09
Meyer Burger Technology AG	CH	1.07
Microsoft Corp	US	1.01
Amazon.com Inc	US	0.96
Applied Materials Inc	US	0.94
Alibaba Group Holding	CN	0.89
Facebook Inc	US	0.89
Total11.81

Translation (ENIT, 2023-02-28):
Byd Co Ltd	CN	1.09
Meyer Burger Technology AG	CH	1.07
Microsoft Corp	US	1.01
Amazon.com Inc	US	0.96
Applied Materials Inc	US	0.94
Alibaba Group Holding	CN	0.89
Facebook Inc	US	0.89
Totale11.81
#  Structure by sector
Financial Consumer, Non-Cyclical
Industrial Utilities
Consumer, Cyclical Communications
Investors should note that, relative to the expectations of the Autorité des Marchés Financiers, the name of this Multicooperation SICAV - Julius Baer Fixed Income Investment Grade Corporate (EUR) (UCITS) is disproportionate to the consideration of non-financial criteria in its management.

Translation (ENIT, 2022-12-31):
#  Struttura per settori
Finanziari Beni di consumo, non ciclici
Industriali Servizi pubblici
Beni di consumo, ciclici
Comunicazioni Materiali di base
Energia
#  Largest positions
Security	%
Microsoft Corp	US	5.82
Apple Inc	US	5.01
Alphabet Inc A	US	4.94
Nvidia Corp	US	4.81
Visa Inc	US	3.73
UnitedHealth Group Inc	US	3.52
Johnson & Johnson	US	2.41
ASML Holding NV	NL	2.37
Facebook Inc	US	2.37
MasterCard Inc	US	2.35
Total37.33

Translation (ENIT, 2023-07-31):
#  Le maggiori posizioni
Titolo	%
Microsoft Corp	US	5.82
Apple Inc	US	5.01
Alphabet Inc A	US	4.94
Nvidia Corp	US	4.81
Visa Inc	US	3.73
UnitedHealth Group Inc	US	3.52
Johnson & Johnson	US	2.41
| ASML Holding NV | NL | 2.37 |
| --- | --- | --- |
| Facebook Inc | US | 2.37 |

MasterCard Inc	US	2.35
Totale37.33
Classe azioni V / Moneta EUR	31.07.2023	Materiale di marketing
#  Structure by sector
Statistics	
 Volatility fund/benchmark (%)	17.30 / 17.431 Tracking Error (%)	5.491
 Information ratio/Sharpe ratio	-1.02 / 0.401 Correlation	0.951
 Jensen Alpha/Beta	-4.93 / 0.941
1 
computed over 3 years

Translation (ENIT, 2021-07-31):
#  Struttura per settori
Finanza Salute Informatica
Beni di prima necessita'
Beni voluttuari
|  Volatilità fondo/benchmark (%)	17.30 / 17.431 Tracking error (%)	5.491 | Industria | 6.3% |
| --- | --- | --- |
|  Information ratio/Sharpe ratio	-1.02 / 0.401 Correlazione	0.951 | Materiali | 6.1% |
|  Jensen Alpha/Beta	-4.93 / 0.941 | Servizi di telecomunicazione | 4.4% |

1 
calcolato su base triennale
# Statistics
 Volatility fund/benchmark (%)	12.10 / 12.041 Tracking Error (%)	3.081
 Information ratio/Sharpe ratio	-0.79 / -0.181 Correlation	0.971
 Jensen Alpha/Beta	-2.41 / 0.971

Translation (ENIT, 2023-02-28):
# Dati statistici
 Volatilità fondo/benchmark (%)	12.10 / 12.041 Tracking error (%)	3.081
 Information ratio/Sharpe ratio	-0.79 / -0.181 Correlazione	0.971
 Jensen Alpha/Beta	-2.41 / 0.971
1 
calcolato su base triennale
#  Largest positions
| Security | Interest rate |  | % |
| --- | --- | --- | --- |
| B 03/21/23 | 0.000% | USD | 1.65 |
| EIB Float 03/05/24 | 0.368% | USD | 1.01 |
| B 04/20/23 | 0.000% | USD | 0.99 |
| B 05/18/23 | 0.000% | USD | 0.98 |
| B 08/24/23 | 0.000% | USD | 0.97 |
| CBQKQD 4 1/2 PERP | 4.500% | USD | 0.94 |
| BTGPBZ 4 1/2 01/10/25 | 4.500% | USD | 0.83 |
| OCPMR 6 7/8 04/25/44 | 6.875% | USD | 0.79 |

Structure by sector	
1 
computed over 3 years

Translation (ENIT, 2023-02-28):
#  Le maggiori posizioni
| 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 | Titolo | Tasso d'inter. |  | % |
| --- | --- | --- | --- | --- |
| tenere conto degli oneri fiscali delle commissioni e dei costi di sottoscrizione, | B 03/21/23 | 0.000% | USD | 1.65 |
| rimborso o conversione (ad es. i costi di transazione e custodia dell'investitore). Le indicazioni si basano su cifre denominate in CHF. Se tale valuta è diversa da quella | EIB Float 03/05/24 | 0.368% | USD | 1.01 |
| del paese in cui risiede l'investitore, il rendimento potrebbe essere soggetto a | B 04/20/23 | 0.000% | USD | 0.99 |
| variazioni, in positivo o in negativo, dovute alle fluttuazioni valutarie. Non è possibile acquistare direttamente gli indici. | B 05/18/23 B 08/24/23 | 0.000% 0.000% | USD USD | 0.98 0.97 |
| Dati statistici	 | CBQKQD 4 1/2 PERP | 4.500% | USD | 0.94 |
| Volatilità fondo/benchmark (%)	9.01 / 10.101  Tracking error (%)	2.231 | BTGPBZ 4 1/2 01/10/25 | 4.500% | USD | 0.83 |
| Information ratio/Sharpe ratio	0.54 / -0.231  Correlazione	0.981 | OCPMR 6 7/8 04/25/44 | 6.875% | USD | 0.79 |

Jensen Alpha/Beta	0.74 / 0.871
Scadenza residua in anni	6.37  Duration modificata	4.14 Rend. alla scad. (nominale) (%)	7.29 
1 
calcolato su base triennale
#  Risks	
Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.
Emerging economies often have an unstable political situation. This may lead to unexpected political situations and decisions (e.g. expropriation of assets) which have a negative effect on the capital markets in such countries. Accordingly, the performance of Funds which invest in such countries may be negatively affected.

Translation (ENIT, 2023-02-28):
#  Rischi	
Capitale a rischio. Ogni strumento finanziario implica un elemento di rischio. Pertanto, il valore dell'investimento così come il rendimento dello stesso sono soggetti a variazioni e il valore iniziale dell'investimento non può essere garantito.
Le economie emergenti presentano spesso una situazione politica instabile. Ciò può determinare condizioni e decisioni politiche impreviste (p. es. esproprio di beni) che hanno un impatto negativo sui mercati di capitali nei Paesi interessati. Di conseguenza, le performance dei fondi che investono in tali Paesi possono risentirne negativamente.
#  Opportunities
The fund invests in a broadly diversified bond universe of solid investment grade and high yield emerging market corporates with focus on stable growth and sound balance sheets, as well as sovereign and sovereign related issuers. The fund seeks various resources of returns in single-line securities. It is diversified across emerging market countries and sectors globally.

Translation (ENIT, 2023-02-28):
#  Opportunità
Il fondo investe in un universo obbligazionario ampiamente diversificato di solide società investment grade e high yield dei mercati emergenti, dando priorità a crescita stabile e bilanci robusti, nonché di emittenti sovrani e para-sovrani. Il fondo ricerca varie risorse di rendimenti in titoli single-line. È diversificato tra i Paesi dei mercati emergenti e i settori di tutto il mondo.
#  Statistics	
 Volatility fund/benchmark (%)	19.74 / 21.251 Tracking Error (%)	4.431
 Information ratio/Sharpe ratio	-0.67 / 0.381 Correlation	0.981
 Jensen Alpha/Beta	-2.23 / 0.911
1 
computed over 3 years

Translation (ENIT, 2023-02-28):
#  Dati statistici	
 Volatilità fondo/benchmark (%)	19.74 / 21.251 Tracking error (%)	4.431
 Information ratio/Sharpe ratio	-0.67 / 0.381 Correlazione	0.981
 Jensen Alpha/Beta	-2.23 / 0.911
1 
calcolato su base triennale