OVHaiLLM/Flipper huggingface dataset:
# INCREASED (SECURITIES)
Warehouses De Pauw Safestore Holdings PSP Swiss Property
Gecina (nom) Leg Immobilien
0.8

Translation (ENIT, 2022-10-31):
# INCREASED (SECURITIES)
Warehouses De Pauw Safestore Holdings
0.8
Unibail-Rodamco-Westfield
Swiss Prime Site PSP Swiss Property Leg Immobilien Gecina (nom) Warehouses De Pauw
Klepierre Land Securities Reit
PSP Swiss Property
Gecina (nom) Leg Immobilien
# TOP 10 (IN %)
Worldline Smurfit Kappa Group
Azelis Group Capgemini
Nexi Compass Group Croda International
Brenntag Qiagen
2.7
2.6
2.6
2.5
2.5
2.5
3.0
2.9
2.9

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Worldline Smurfit Kappa Group
Azelis Group Capgemini
Nexi Compass Group Croda International
Brenntag Qiagen
2.7
2.6
2.6
2.5
2.5
2.5
3.0
2.9
2.9
# SECTORS (IN %)
Industrials Information technology
Materials Health care
Consumer discretionary Consumer staples
Financials Communication services
Liquid assets
20.8
20.7
Biomerieux
2.3

Translation (ENIT, 2022-10-31):
# SCOMPOSIZIONE SETTORIALE (IN %)
Prodotti industriali Tecnologia dell'informazione
Materiali Sanità
Beni voluttuari Beni di prima necessità
Finanza Servizi di comunicazione
Liquidità
20.8
20.7
Biomerieux
2.3
# REGIONS (IN %)
Western Europe Supranational Asia Pacific North America
51.4
European Invt Bk 1.63% 13 May 2031
Asian Dev Bk 3.13% 26 Sep 2028 Kreditanstalt Fur Wiederaufbau Kfw 1.00% International Bank For Rec & Dev 2.00% 1 Ontario (province Of) Cds 1.55% 01 Nov 2
European Invt Bk 0.75% 23 Sep 2030
Central Europe, Middle East & Africa
Latin America
Others

Translation (ENIT, 2022-10-31):
# REGIONI (IN %)
Western Europe Sovranazionali Asia Pacific North America
51.4
European Invt Bk 1.63% 13 May 2031
Asian Dev Bk 3.13% 26 Sep 2028 Kreditanstalt Fur Wiederaufbau Kfw 1.00% International Bank For Rec & Dev 2.00% 1 Ontario (province Of) Cds 1.55% 01 Nov 2
European Invt Bk 0.75% 23 Sep 2030
Central Europe, Middle East & Africa
Latin America
Altri
## FUND FACTS
Domicile/Legal structure	Luxembourg/SICAV Legal Status		UCITS
Fund inception date	9 May 2017
SFDR Classification	Article 8
Currency of Fund	EUR
Currency of share class	EUR
Fund manager	D. Callahan, F. Helly
Net assets (all classes)	EUR 496.61 million
Liquidity (sub./red.)	daily, 14:00
Min. investment	CHF 1'000'000 or eq
Entry/Exit fees	0.00% / 0.00%
Management fee	0.15%
Distribution fee	0.00%
FROC	0.06%
Ongoing charge (30 September 2022)	0.16%
TER max (31 March 2022)	0.16%

Translation (ENIT, 2022-10-31):
## FUND FACTS
Domicilio/Forma giuridica	Lussemburgo / SICAV Legal Status		UCITS
Data di lancio del fondo	9 maggio 2017
Classificazione SFDR	Articolo 8 Valuta del Fondo		EUR
Valuta della classe	EUR
Gestore	D. Callahan, F. Helly
Patrimonio (tutte le classi)	EUR 496.61 milioni
Liquidità (sub./red.)	Quotidiana, 14:00
Investimento minimo	CHF 1'000'000 or eq Spesa di sottoscrizione/rimborso		0.00% / 0.00% Commissione di gestione			0.15%
Commissione di distribuzione	0.00%
FROC	0.06%
Ongoing charge (30 settembre 2022)	0.16%
TER max (31 marzo 2022)	0.16%
# TOP 10 (IN %)
Kweichow Moutai A Tencent Holdings Techtronic Industries
Ningbo O Alibaba Grp
Shangai Intl Airport A Fu Jian Anjoy Foods A
Micron Tech
Meituan Wuliangy
7.4

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Kweichow Moutai A Tencent Holdings Techtronic Industries
Ningbo O Alibaba Grp
Shangai Intl Airport A Fu Jian Anjoy Foods A
Micron Tech
Meituan
7.4
# SECTORS (IN %)
Information technology
Financials Industrials Communication services Others (liquid assets incl.) Consumer discretionary
67.2
Fair Isaac
2.2

Translation (ENIT, 2022-10-31):
# SCOMPOSIZIONE SETTORIALE (IN %)
Tecnologia dell'informazione
Finanza Prodotti industriali Communication services Others (liquid assets Incl.)
Beni voluttuari
67.2
Fair Isaac
2.2
| NET PERFORMANCE IN USD | Fund | Bench. |  |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| YTD | -26.16% | -21.14% |  |  | - | - |
| 1 month | 7.31% | 6.03% |  |  | - | - |
| 3 months (30.09.2022) | -4.28% | -6.82% |  |  | - | - |
| 1 year | -26.57% | -19.96% |  |  | - | - |
| Total return (since 06.04.2020) | 20.90% | 36.23% |  |  | 7.63% | 12.73% |
| STATISTICS  06.04.2020 - 31.10.2022 | Fund | Bench. |  |  |  | Fund |
| Max. drawdown | -35.29% | -25.63% |  | Number of positions |  | 55 |
| Correlation |  | 0.924 |  |  |  |  |
| Tracking error |  | 8.74% |  |  |  |  |

Translation (ENIT, 2022-10-31):
| PERFORMANCE NETTA IN USD | Fondo | Bench. |  |  | Fondo | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| Da inizio anno | -26.16% | -21.14% |  |  | - | - |
| 1 mese | 7.31% | 6.03% |  |  | - | - |
| 3 mesi (30.09.2022) | -4.28% | -6.82% |  |  | - | - |
| 1 anno | -26.57% | -19.96% |  |  | - | - |
| Rendimento dal lancio (06.04.2020) | 20.90% | 36.23% |  |  | 7.63% | 12.73% |
| STATISTICHE  06.04.2020 - 31.10.2022 | Fondo | Bench. |  |  |  | Fondo |
| Max. drawdown | -35.29% | -25.63% |  | Numero di titoli |  | 55 |
| Correlazione |  | 0.924 |  |  |  |  |
| Tracking Error |  | 8.74% |  |  |  |  |
# NET PERFORMANCE IN USD	Fund
Annualized
Fund
| CODES | Class A | Class D |
| --- | --- | --- |
| ISIN | LU2083273560 | LU2083273644 |
| Bloomberg | LOAINAU LX | LOAINDU LX |
| NAV | USD 7.42 | USD 6.52 |

| Total return (since 03.12.2019) | -25.75% |  |  | -9.68% |
| --- | --- | --- | --- | --- |
| STATISTICS  03.12.2019 - 31.10.2022 | Fund |  |  | Fund |
| Max. drawdown | -31.44% |  | Average coupon | 5.33% |
|  | Average maturity | 3.03 |
| Average rating | BB+ |
| Modified duration | 2.05 |
| Yield to worst | 12.63% |
| Yield to maturity | 12.76% |
| Number of positions | 114 |
| Number of issuers | 93 |
| Non Government Bonds | 98.20% |
| Z-Spread | 910 |


## FISCAL INFORMATION
Last dividend paid (22.07.2022)	USD 0.11

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN USD	Fondo
Da inizio anno	-26.34%
1 mese	-6.98%
3 mesi (30.09.2022)	-4.49%
1 anno	-27.05%
Rendimento dal lancio (03.12.2019)	-25.75%
STATISTICHE 
03.12.2019 - 31.10.2022	
Fondo
Max. drawdown	-31.44%
Annualizzata
Fondo
-
-
-
-
-9.68%
Fondo
Cedola media	5.33%
Scadenza media3.03
Rating medio	BB+
Duration modificata2.05
Yield to worst	12.63%
Yield alla scadenza	12.76% Numero di titoli114
Numero di emittenti93
Obblig. non govern.	98.20% Z-Spread910
# TOP 10 (IN %)
ADANIG 4 3/8 09/08/24 TTMTIN 5 1/2 06/03/24 CRHZCH 3 3/4 PERP
Nanyan 3.8 11/20/29
HMELIN 5.45 10/22/26
Azupoe 5.65 12/24/24 TBIGIJ 4 1/4 01/21/25 HSBC 6 3/8 PERP KBANK 5.275 PERP
Bharti 5.65 Perp
4.5

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
ADANIG 4 3/8 09/08/24 TTMTIN 5 1/2 06/03/24 CRHZCH 3 3/4 PERP
Nanyan 3.8 11/20/29
HMELIN 5.45 10/22/26
Azupoe 5.65 12/24/24 TBIGIJ 4 1/4 01/21/25 HSBC 6 3/8 PERP KBANK 5.275 PERP
Bharti 5.65 Perp
4.5
# NET PERFORMANCE IN USD	Fund
YTD	-8.01%
| 3 months | -3.92% |  |  | - |
| --- | --- | --- | --- | --- |
| 1 year | -7.99% |  |  | - |
| 3 years	1.73%	0.57% 5 years	10.91%	2.09% 10 years	39.77%	3.39% Total return (since 15.02.2012)	42.48%	3.35% |

1 month	0.13%
STATISTICS 
31.10.2017 - 31.10.2022	
Fund
Annualised volatility	5.12%
Sharpe ratio0.15
Max. drawdown	-9.74%
Annualized
Fund
-
-
Fund
Average rating	BBB-
Modified duration1.46
Exposure	45.51%
Number of positions263
Morningstar Category	EAA Fund EUR Flexible Allocation -
Global

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN USD	Fondo
Da inizio anno	-8.01%
1 mese	0.13%
Annualizzata
Fondo
-
-
| 3 anni | 1.73% |  |  | 0.57% |
| --- | --- | --- | --- | --- |
| 5 anni | 10.91% |  |  | 2.09% |
| 10 anni | 39.77% |  |  | 3.39% |
| Rendimento dal lancio (15.02.2012) | 42.48% |  |  | 3.35% |

ISIN	LU0718511172
Bloomberg	LOARDPU LX
VNI	USD 14.25

## RATINGS
Morningstar Category	EAA Fund EUR Flexible Allocation -
Global
STATISTICHE 
31.10.2017 - 31.10.2022	
Fondo
Volat. su base annuale	5.12%
Indice di Sharpe0.15
Max. drawdown	-9.74%
Fondo
Rating medio	BBB-
Duration modificata1.46
Exposure	45.51%
Numero di titoli263
# PORTFOLIO BREAKDOWN (IN %)
Fixed Income - Sovereign Fixed Income - Developed CDS Equities - Developed Markets
Commodities Fixed Income - Emerging CDS Equities - Emerging Markets
volatility Fixed Income - Inflation-Linked (Hedged) Non Euro Exposure of Total Portfolio
15.6

Translation (ENIT, 2022-10-31):
# SCOMPOSIZIONE PORTAFOGLIO (IN %)
Reddito fisso – Sovrano Fixed Income - Developed CDS Equities - Developed Markets
Materie prime Fixed Income - Emerging CDS Equities - Emerging Markets
volatility Fixed Income - Inflation-Linked (Hedged) Non Euro Exposure of Total Portfolio
15.6
-2.5
-1.1
-1.2
-0.8
-0.3
Fixed Income - Sovereign
Fixed Income - Inflation-Linked (Hedged) Fixed Income - Developed CDS
Fixed Income - Emerging CDS Equities - Developed Markets Equities - Emerging Markets
Commodities
-0.0
FX
Cash & other
Volatility
0.0
0.0
1.5

Translation (ENIT, 2022-10-31):
-2.5
-1.1
-1.2
-0.8
-0.3
Reddito fisso – Sovrano
Fixed Income - Inflation-Linked (Hedged) Fixed Income - Developed CDS
Fixed Income - Emerging CDS Equities - Developed Markets Equities - Emerging Markets
Materie prime
-0.0
FX
Cash & other
Volatilità
0.0
0.0
1.5
# NET PERFORMANCE IN USD	Fund
YTD	-7.70%
1 month	-3.16%
3 months	-4.70%
1 year	-17.53%
Total return (since 28.05.2021)	-15.74%
STATISTICS 
28.05.2021 - 31.10.2022	
Fund
Max. drawdown	-17.53%
Annualized
Fund

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN USD	Fondo
Da inizio anno	-7.70%
1 mese	-3.16%
3 mesi (30.09.2022)	1.01%
1 anno	-17.53%
Rendimento dal lancio (28.05.2021)	-15.74%
STATISTICHE 
28.05.2021 - 31.10.2022	
Fondo
Max. drawdown	-17.53%
Annualizzata
Fondo
# NET PERFORMANCE IN CHF	Fund
YTD	-9.71%
1 month	-3.48%
3 months	-5.60%
1 year	-19.49%
Total return (since 28.05.2021)	-18.30%
STATISTICS 
28.05.2021 - 31.10.2022	
Fund
Max. drawdown	-19.69%
Annualized
Fund
-
-
-
-
-13.17%
Fund
Number of positions37

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN CHF	Fondo
Da inizio anno	-9.71%
Annualizzata
Fondo
-
VNI	CHF 8.17
STATISTICHE 
28.05.2021 - 31.10.2022	
Fondo
Max. drawdown	-19.69%
Fondo
Numero di titoli37
# PORTFOLIO BREAKDOWN (IN %)
Financials Asset Backed Securities Consumer, Cyclical
Government Industrials Basic Materials
Consumer, Non-Cyclical Mortgage Securities Communications
Others
77.8

Translation (ENIT, 2022-10-31):
# SCOMPOSIZIONE PORTAFOGLIO (IN %)
Finanza Asset Backed Securities Consumer, Cyclical
Governo Prodotti industriali Materiali di base Consumer, Non-Cyclical Mortgage Securities Comunicazione
Altri
77.8
# HIGHLIGHTS
LO Funds - Ultra Low Duration (EUR) is an actively managed fixed income portfolio which launched in May 2017. The strategy invests mainly in: bonds denominated in any currency; public and private issuers (with a minimum rating of BBB-); securitised products such as asset-back securities, residential mortgage backed securities and commercial mortgage backed securities (with a minimum rating of BBB-); money market instruments; and financial derivative instruments such as interest rate swaps, futures on rates and FX forwards. Currency risk is systematically hedged against the EUR. The strategy adopts a conservative investment approach and strict risk controls, with the aim of providing investors with regular income, a high level of liquidity and returns in line with the FTSE 6 Month Euro Eurodeposit in EUR terms index. The strategy has a maximum duration of one year and a maximum credit spread duration of two years. It is restricted from investing in securities with a maturity of more than three years and amortising securitised products with a weighted average life over one year. Risk management is performed by fund managers; in addition, automated, pre-trade compliance checks are performed, and independent teams oversee investment risks and operational risks.
NET CUMULATIVE PERFORMANCE AND ANNUAL PERFORMANCE IN EUR 
May 9, 2017 - Oct 31, 2022
0.07%
100
99
98
97

Translation (ENIT, 2022-10-31):
# EVENTI DI RILIEVO
LO Funds - Ultra Low Duration (EUR) è un portafoglio obbligazionario a gestione attiva lanciato a maggio 2017. La strategia investe prevalentemente in: obbligazioni denominate in qualsiasi valuta; obbligazioni di emittenti pubblici e privati (con rating minimo BBB-); in prodotti cartolarizzzati quali titoli garantiti da collaterale, titoli garantiti da ipoteche residenziali e titoli garantiti da ipoteche commerciali (con rating minimo BBB-); strumenti del mercato monetario e strumenti finanziari derivati come swap e future su tassi d’interesse e forward su divise. Il rischio di cambio è coperto sistematicamente nei confronti di EUR. La strategia adotta un approccio di investimento conservativo e rigidi controlli del rischio con l’obiettivo di offrire agli investitori un reddito regolare, un elevato livello di liquidità e rendimenti in linea con l’indice FTSE 6 Month Euro Eurodeposit in EUR terms. La strategia ha una duration massima di un anno e una duration massima degli spread creditizi di due anni. Non può investire in titoli con scadenza superiore a tre anni e in prodotti cartolarizzati ammortizzati con durata media ponderata superiore a un anno.
La gestione del rischio è assicurata dai gestori del fondo; vengono inoltre effettuati controlli automatici di compliance pre-negoziazione e team indipendenti supervisionano i rischi d’investimento e operativi.
PERFORMANCE CUMULATIVA NETTO E PERFORMANCE ANNUALE IN EUR 
9-mag-2017 - 31-ott-2022
0.07%
100
99
98
97
| CODES | Class A | Class D |
| --- | --- | --- |
| ISIN | LU0990494998 | LU0990495029 |
| Bloomberg | PSUGUIA LX | PSUGUII LX |
| NAV | USD 28.67 | USD 28.67 |
| RATINGS |  |  |
| Morningstar Rating |  |  |

Translation (ENIT, 2022-10-31):
| CODICI | Classe A | Classe D |
| --- | --- | --- |
| ISIN | LU0990494998 | LU0990495029 |
| Bloomberg | PSUGUIA LX | PSUGUII LX |
| VNI | USD 28.67 | USD 28.67 |
| RATINGS |  |  |
| Morningstar Rating |  |  |
# NET PERFORMANCE IN EUR	Fund
YTD	-9.51%
1 month	-3.40%
3 months	-5.47%
1 year	-19.43%
Total return (since 28.05.2021)	-18.13%
STATISTICS 
28.05.2021 - 31.10.2022	
Fund
Max. drawdown	-19.43%
Annualized
Fund

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN EUR	Fondo
Da inizio anno	-9.51%
1 mese	-3.40%
3 mesi (30.09.2022)	0.23%
1 anno	-19.43%
Rendimento dal lancio (28.05.2021)	-18.13%
STATISTICHE 
28.05.2021 - 31.10.2022	
Fondo
Max. drawdown	-19.43%
Annualizzata
Fondo
# CREDIT RATING (IN %)
A+ A A-
BBB+ BBB BBB- BB+ BB BB- B
B-
Not rated Liquid assets
27.40

Translation (ENIT, 2022-10-31):
# SCOMPOSIZIONE PER RATING (IN %)
A+ A A-
BBB+ BBB BBB- BB+ BB BB- B
B-
Senza rating
Liquidità
27.40
# TOP 10 (IN %)
Bharti Airtel 1.5% 17/02/25 Cnv Regs Anllian Cap 0% 05/02/25 Cnv Posco 0% 01/09/26 Cnv
Xiaomi Best Time Int 0% 17/12/27 Cnv
Meituan 0% 27/04/27 Cnv Singapore Airlines 1.625% 03/12/25 Cnv Zhongsheng Grp 0% 21/05/25 Cnv Lenovo Grp 2.5% 26/08/29 Cnv
Kingsoft Corp 0.625% 29/04/25 Cnv
3.2
2.9
2.8
2.8
3.7
3.7
4.1
4.9
4.7
Win Semiconductors C 0% 14/01/26 Cnv
2.5

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Bharti Airtel 1.5% 17/02/25 Cnv Regs Anllian Cap 0% 05/02/25 Cnv Posco 0% 01/09/26 Cnv
Xiaomi Best Time Int 0% 17/12/27 Cnv
Meituan 0% 27/04/27 Cnv Singapore Airlines 1.625% 03/12/25 Cnv Zhongsheng Grp 0% 21/05/25 Cnv Lenovo Grp 2.5% 26/08/29 Cnv
Kingsoft Corp 0.625% 29/04/25 Cnv
3.2
2.9
2.8
2.8
3.7
3.7
4.1
4.9
4.7
Win Semiconductors C 0% 14/01/26 Cnv
2.5
# INCREASED (SECURITIES)
Bharti Airtel 1.5% 17/02/25 Cnv Regs Singapore Airlines 1.625% 03/12/25 Cnv Lenovo Grp 2.5% 26/08/29 Cnv
Posco 0% 01/09/26 Cnv Delivery Hero 0.875% 15/07/25 Cnv
0.3

Translation (ENIT, 2022-10-31):
# INCREASED (SECURITIES)
Bharti Airtel 1.5% 17/02/25 Cnv Regs Singapore Airlines 1.625% 03/12/25 Cnv Lenovo Grp 2.5% 26/08/29 Cnv
Posco 0% 01/09/26 Cnv Delivery Hero 0.875% 15/07/25 Cnv
0.3
# TOP 10 (IN %)
Microsoft Corp
Apple Inc Amazon.com Inc Alphabet Inc Sysco Corp
Lilly Eli & Co Charles Schwab Corp Tjx Companies Inc
Ares Management Corp
T-Mobile Us Inc
5.6

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Microsoft Corp
Apple Inc Amazon.com Inc Alphabet Inc Sysco Corp
Lilly Eli & Co Charles Schwab Corp Tjx Companies Inc
Ares Management Corp
T-Mobile Us Inc
5.6
## RATINGS
STATISTICS 
31.10.2017 - 31.10.2022	
Fund
Annualised volatility	2.60%
Sharpe ratio	-0.19
Max. drawdown	-7.00%
Fund
Average rating	BBB-
Modified duration0.73
Exposure	22.68%
Number of positions264

Translation (ENIT, 2022-10-31):
## RATINGS
STATISTICHE 
31.10.2017 - 31.10.2022	
Fondo
Volat. su base annuale	2.60%
Indice di Sharpe	-0.19
Max. drawdown	-7.00%
Fondo
Rating medio	BBB-
Duration modificata0.73
Exposure	22.68%
Numero di titoli264
| MONTHLY RETURNS IN %	 | 2021 Fund | 2022 Fund |
| --- | --- | --- |
| January	 |  | -3.4 |
| February	 |  | 2.6 |
| March	 |  | -0.5 |
| April	 |  | -3.7 |
| May	 | -0.0 | -1.9 |
| June	 | 1.7 | 1.1 |
| July	 | -0.4 | 2.6 |
| August	 | 0.4 | -1.1 |
| September	 | -2.6 | -0.5 |
| October	 | 2.9 | -3.2 |
| November	 | -4.1 |  |
| December	 | -7.0 |  |
| Year	 | -9.2 | -7.9 |

Translation (ENIT, 2022-10-31):
| RENDIMENTI MENSILI IN %	 | 2021 Fondo | 2022 Fondo |
| --- | --- | --- |
| Gennaio	 |  | -3.4 |
| Febbraio	 |  | 2.6 |
| Marzo	 |  | -0.5 |
| Aprile	 |  | -3.7 |
| Maggio	 | -0.0 | -1.9 |
| Giugno	 | 1.7 | 1.1 |
| Luglio	 | -0.4 | 2.6 |
| Agosto	 | 0.4 | -1.1 |
| Settembre	 | -2.6 | -0.5 |
| Ottobre	 | 2.9 | -3.2 |
| Novembre	 | -4.1 |  |
| Dicembre	 | -7.0 |  |
| Anno	 | -9.2 | -7.9 |
# NET PERFORMANCE IN USD	Fund
YTD	-7.94%
1 month	-3.19%
3 months	-4.77%
1 year	-17.91%
Total return (since 28.05.2021)	-16.37%
STATISTICS 
28.05.2021 - 31.10.2022	
Fund
Max. drawdown	-17.91%
Annualized
Fund

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN USD	Fondo
Da inizio anno	-7.94%
1 mese	-3.19%
3 mesi (30.09.2022)	0.94%
1 anno	-17.91%
Rendimento dal lancio (28.05.2021)	-16.37%
STATISTICHE 
28.05.2021 - 31.10.2022	
Fondo
Max. drawdown	-17.91%
Annualizzata
Fondo
| NET PERFORMANCE IN USD | Fund | Bench. |  |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| YTD | -23.76% | -30.28% |  |  | - | - |
| 1 month | 5.04% | 6.98% |  |  | - | - |
| 3 months | -9.97% | -11.56% |  |  | - | - |
| 1 year | -22.49% | -26.41% |  |  | - | - |
| 3 years | 49.39% | 42.09% |  |  | 14.26% | 12.37% |
| 5 years | 98.98% | 80.60% |  |  | 14.69% | 12.50% |
| Total return (since 30.06.2016) | 206.62% | 185.33% |  |  | 19.27% | 17.93% |
| STATISTICS  31.10.2017 - 31.10.2022 | Fund | Bench. |  |  | Fund | Bench. |
| Annualised volatility | 20.57% | 21.52% |  | Number of positions | 104 | 348 |
| Sharpe ratio | 0.65 | 0.52 |  |  |  |  |
| Max. drawdown | -27.42% | -34.83% |  |  |  |  |
| Correlation |  | 0.949 |  |  |  |  |
| Tracking error |  | 6.79% |  |  |  |  |

Translation (ENIT, 2022-10-31):
| PERFORMANCE NETTA IN USD | Fondo | Bench. |  |  | Fondo | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| Da inizio anno | -23.76% | -30.28% |  |  | - | - |
| 1 mese | 5.04% | 6.98% |  |  | - | - |
| 3 mesi (30.09.2022) | -5.53% | -7.27% |  |  | - | - |
| 1 anno | -22.49% | -26.41% |  |  | - | - |
| 3 anni | 49.39% | 42.09% |  |  | 14.26% | 12.37% |
| 5 anni | 98.98% | 80.60% |  |  | 14.69% | 12.50% |
| Rendimento dal lancio (30.06.2016) | 206.62% | 185.33% |  |  | 19.27% | 17.93% |
| STATISTICHE  31.10.2017 - 31.10.2022 | Fondo | Bench. |  |  | Fondo | Bench. |
| Volat. su base annuale | 20.57% | 21.52% |  | Numero di titoli | 104 | 348 |
| Indice di Sharpe | 0.65 | 0.52 |  |  |  |  |
| Max. drawdown | -27.42% | -34.83% |  |  |  |  |
| Correlazione |  | 0.949 |  |  |  |  |
| Tracking Error |  | 6.79% |  |  |  |  |
# HIGHLIGHTS
PrivilEdge - Fidelity Technology is an actively managed UCITS portfolio. It invests mainly in equity securities issued by companies active in the information technology sector. It seeks to outperform the MSCI AC Information Technology USD index over the long term. The portfolio manager employs a fundamental, bottom-up approach, focusing on identifying quality companies with sustainable growth prospects trading at attractive valuations. He believes that understanding technology trends, innovations and new technologies are key to identifying long-term leaders in the industry. Investment opportunities tend to fall into three categories – growth, cyclical and special situations. Growth companies are those focused on innovations or with disruptive technology that are set to experience high growth. Cyclical opportunities are found in sub-sectors and typically have strong market positions while special situations are mispriced businesses with recovery potential. The portfolio manager build a benchmark-agnostic portfolio of 50-100 stocks diversified across countries and technology industries.
NET CUMULATIVE PERFORMANCE AND ANNUAL PERFORMANCE IN USD 
Dec 31, 2016 - Oct 31, 2022
375
350
325
300
275
250
225
200
175
150
125
100
75
50
25

Translation (ENIT, 2022-10-31):
# EVENTI DI RILIEVO
PrivilEdge – Fidelity Technology è un portafoglio a gestione attiva conforme alle direttive OICVM. Il Comparto investe principalmente in titoli azionari di società attive nel settore delle tecnologie dell’informazione. Il suo obiettivo è sovraperformare l’indice MSCI AC Information Technology USD nel lungo periodo. Il gestore adotta un approccio fondamentale di tipo bottom-up che mira a individuare aziende di qualità con prospettive di crescita sostenibile e valutazioni appetibili. Secondo il gestore, la comprensione delle tendenze tecnologiche, delle innovazioni e delle nuove tecnologie è essenziale per identificare i leader di settore nel lungo periodo. Le opportunità d’investimento si suddividono per lo più in tre categorie: growth, cicliche e special situation. Le aziende growth si concentrano sull’innovazione o sulle tecnologie dirompenti e sono destinate a registrare una forte crescita. Le opportunità cicliche si trovano in segmenti specifici del settore e in genere presentano un solido posizionamento di mercato, mentre le special situation sono aziende sottovalutate con potenziale di recupero. Il gestore costruisce un portafoglio svincolato dal benchmark composto da 50-100 azioni e diversificato a livello di paesi e settori tecnologici.
PERFORMANCE CUMULATIVA NETTO E PERFORMANCE ANNUALE IN USD 
31-dic-2016 - 31-ott-2022
375
350
325
300
275
250
225
200
175
150
125
100
75
50
25
# NET PERFORMANCE IN EUR	Fund
YTD	-9.29%
1 month	-3.38%
3 months	-5.40%
1 year	-19.15%
Total return (since 28.05.2021)	-17.63%
STATISTICS 
28.05.2021 - 31.10.2022	
Fund
Max. drawdown	-19.15%
Annualized
Fund

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN EUR	Fondo
Da inizio anno	-9.29%
1 mese	-3.38%
3 mesi (30.09.2022)	0.31%
1 anno	-19.15%
Rendimento dal lancio (28.05.2021)	-17.63%
STATISTICHE 
28.05.2021 - 31.10.2022	
Fondo
Max. drawdown	-19.15%
Annualizzata
Fondo
## FUND FACTS
Domicile/Legal structure	Luxembourg/SICAV Legal Status		UCITS
Fund inception date	1 April 2016
SFDR Classification	Article 6
Currency of Fund	JPY
Currency of share class	JPY
Fund manager
Sumitomo Mitsui DS Asset Management Company “SMDAM

Translation (ENIT, 2022-10-31):
## FUND FACTS
Domicilio/Forma giuridica	Lussemburgo / SICAV Legal Status		UCITS
Data di lancio del fondo	1 aprile 2016
Classificazione SFDR	Articolo 6 Valuta del Fondo		JPY
Valuta della classe	JPY
Gestore
Sumitomo Mitsui DS Asset Management Company “SMDAM
# NET PERFORMANCE IN EUR	Fund
YTD	-10.13%
| 3 months | -4.81% |  |  | - |
| --- | --- | --- | --- | --- |
| 1 year | -10.41% |  |  | - |
| 3 years	-5.29%	-1.79% 5 years	-4.27%	-0.87% 10 years	10.89%	1.04% Total return (since 03.04.2012)	13.65%	1.21% |

1 month	-0.17%
STATISTICS 
31.10.2017 - 31.10.2022	
Fund
Annualised volatility	5.10%
Sharpe ratio	-0.08
Max. drawdown	-12.26%
Annualized
Fund
-
-
Fund
Average rating	BBB-
Modified duration1.46
Exposure	45.51%
Number of positions263
Morningstar Category	EAA Fund EUR Flexible Allocation -
Global

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN EUR	Fondo
Da inizio anno	-10.13%
1 mese	-0.17%
Annualizzata
Fondo
-
-
| 3 anni | -5.29% |  |  | -1.79% |
| --- | --- | --- | --- | --- |
| 5 anni | -4.27% |  |  | -0.87% |
| 10 anni | 10.89% |  |  | 1.04% |
| Rendimento dal lancio (03.04.2012) | 13.65% |  |  | 1.21% |

ISIN	LU0718510018
Bloomberg	LOARDSR LX
VNI	EUR 11.46

## RATINGS
Morningstar Category	EAA Fund EUR Flexible Allocation -
Global
STATISTICHE 
31.10.2017 - 31.10.2022	
Fondo
Volat. su base annuale	5.10%
Indice di Sharpe	-0.08
Max. drawdown	-12.26%
Fondo
Rating medio	BBB-
Duration modificata1.46
Exposure	45.51%
Numero di titoli263