# Base data
NAV per share	EUR 9.68
Total fund assets	EUR 36.06 m
Base currency	EUR Available currencies	EUR, CHF
Share class	B (accumulation)
Bloomberg Ticker	POPEUBE LX Security code ISIN	LU1939259799 Security code CH46005544
Investment manager	Banca Popolare di Sondrio (SUISSE)
SA
5
0
Fund management company
GAM (Luxembourg) S.A.
-5
-10
-15
2019	2020	2021	2022	2023
Perf. B-shares	Perf. B-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date02.05.2019
Domicile	Luxembourg
| in % | YTD | 1M | 3M | 6M | 1Y | 3Y p.a. | 5Y p.a. | 10Y  since p.a. launch p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 1.90 | -0.80 | -0.65 | -0.41 | -6.29 | -0.82 | n.a. | n.a.  -0.85 |
| BM | 1.69 | -0.93 | -1.17 | -0.76 | -5.64 | 0.04 | n.a. | n.a.	0.37 |
| Rolling | 28.02.2022 | 28.02.2021 | 29.02.2020 | 28.02.2019 | 28.02.2018 |
| perf. | - 28.02.2023 | - 28.02.2022 | - 28.02.2021 | - 29.02.2020 | - 28.02.2019 |
| Fund | -6.29 | 0.67 | 3.42 | n.a. | n.a. |
| BM | -5.64 | 1.56 | 4.45 | n.a. | n.a. |

Benchmark	Cust. Benchmark Total Expense Ratio	1.62% (30.09.2022) Management fee	1.25% + Perf. Fee2 Minimum investment	EUR 50
Commission	Issue: max. 2.00% Redemption: max1.25%3
Registered in	CH IT LU
2 
Performance Fee: 20% of the outperformance vs. Benchmark (= Hurdle Rate); incl. High Watermark.
3 
Only if no issuing commission was charged.
| 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 | Largest positions Security | Interest rate |  | % |
| --- | --- | --- | --- | --- |
| costs incurred on issue, redemption or swapping (e.g. transaction and custody costs | German Treasury Bill | 5.625% | EUR | 3.79 |
| currency is different from the currency of the country in which the investor is resident, | FRTR 0 02/25/27 | 0.000% | EUR | 3.69 |
| the return may increase or decrease as a result of currency fluctuations. Indices | France | 6.000% | EUR | 3.03 |
| cannot be purchased directly. | France | 4.250% | EUR | 2.83 |
| Statistics | Germany | 1.500% | EUR | 2.80 |
|  Volatility fund/benchmark (%)	7.72 / 6.661 Tracking Error (%)	1.941 | Kreditanstalt für Wiederaufbau | 2.125% | EUR | 2.80 |

of the investor). The indications are based on figures denominated in EUR. If this
 Information ratio/Sharpe ratio	-0.44 / -0.071 Correlation	0.971
 Jensen Alpha/Beta	-0.85 / 1.131
1 
computed over 3 years

Translation (ENES, 2023-02-28):
# Datos básicos
Valor liquidativo neto	EUR 9.68
| Patrimonio del fondo | EUR 36.06 mlls. |
| --- | --- |
| Moneda base | EUR |
| Monedas disponibles | EUR, CHF |
| Participaciones | B (acumulativa) |

Bloomberg Ticker	POPEUBE LX
Código ISIN	LU1939259799
Código de valor CH46005544
Gestor de inversiones	Banca Popolare di Sondrio (SUISSE)
SA
Gestión del fondo	GAM (Luxembourg) S.A.
Banco depositario	State Street Bank International GmbH,
| Domicilio | Luxemburgo |
| --- | --- |
| Índice | Cust. Benchmark |
| Total Expense Ratio | 1.62% (30.09.2022) |

Luxembourg Branch, Luxembourg Estructura jurídica	SICAV de derecho luxemburgués Fecha de lanzamiento	02.05.2019
| en % | YTD | 1M | 3M | 6M | 1A | 3A anual | 5A anual | 10A anual | de lanz. |  | Comisión de gestión Inversión mínima | 1.25% + Perf. Fee2 EUR 50 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | 1.90 | -0.80 | -0.65 | -0.41 | -6.29 | -0.82 | n.a. | n.a. | anual -0.85 |  | Comisión | de emisión: max. 2.00% de retirada: max. 1.25%3 |
| BM | 1.69 | -0.93 | -1.17 | -0.76 | -5.64 | 0.04 | n.a. | n.a. | 0.37 |  | Registrados en | CH IT LU |
| Rend. | 28.02.2022 | 28.02.2021 | 29.02.2020 | 28.02.2019 | 28.02.2018 | 2  Perf. Fee = Comisión de rendimiento: 20% del rendimiento superior respecto |
| deslizante | - 28.02.2023 | - 28.02.2022 | - 28.02.2021 | - 29.02.2020 | - 28.02.2019 | al índice de referencia (= hurdle rate);incluido high watermark. |
| Fondo | -6.29 | 0.67 | 3.42 | n.a. | n.a. | 3  Solo en caso de que no se cobrase una comisión de emisión. |
| BM	-5.64	1.56	4.45	n.a.	n.a.	Mayores posiciones |

| El rendimiento pasado no es un indicador de la evolución de valor actual o futura. |  | Título | Tipo de interés |  | % |
| --- | --- | --- | --- | --- | --- |
| Los valores de rendimiento se refieren al valor activo neto y se calculan sin los |  | German Treasury Bill | 5.625% | EUR | 3.79 |
| de transacción y custodia del inversor). Los datos se basan en cifras en EUR. Si la |  | FRTR 0 02/25/27 | 0.000% | EUR | 3.69 |
| moneda difiere de la moneda del país en el que está domiciliado el inversor, la |  | France | 6.000% | EUR | 3.03 |
| rentabilidad puede aumentar o disminuir como consecuencia de las fluctuaciones monetarias. Los índices no se pueden comprar directamente. |  | France Germany | 4.250% 1.500% | EUR EUR | 2.83 2.80 |
| Estadística |  | Kreditanstalt für Wiederaufbau | 2.125% | EUR | 2.80 |
|  Vola. fondos/benchmark (%)	7.72 / 6.661 Tracking error (%)	1.941 |  | Spain | 1.500% | EUR | 2.62 |
|  Information ratio/Sharpe ratio	-0.44 / -0.071 Correlación	0.971 |  | Italy BTP | 5.250% | EUR | 2.42 |
|  Jensen Alpha/Beta	-0.85 / 1.131 |  | Total |  |  | 23.98 |
| 1  calculado en 3 años |  | Distribución por instrumentos | de inversión en % |  |  |

costes y comisiones originados por emisión, retirada o cambio (por ejemplo, costes