LOGIN SECTOR FUNDS Sector Zen Fund Ben Graham-style Value investing in Japanese equities Sector Zen aims to provide attractive returns, through exploiting inefficiencies within one of the most under-researched developed equity markets in the world, utilizing its value-based, contrarian approach. A research driven, independent and contrarian oriented investment process is using value as the predominant selection criteria. Inspired by Benjamin Graham, the investment team focuses on available facts as opposed to forecasting the future. Identified deep value situations are subjected to an analysis of potential re-rating catalysts before a trade is implemented. Common examples of catalysts are potential for corporate restructuring and buy-outs. The current trend of increased focus on corporate governance in Japan is creating an attractive opportunity set for the Fund's strategy. Market risk is managed through using short positions and index puts. The investment edge comes from a combination of the team's long experience with the Japanese stock market and their focus on an under researched market segment. INVESTMENT OBJECTIVE AND STRATEGY The objectives of the Fund are to achieve attractive returns with a volatility of 10-15% and a gross exposure of 100-250%. In seeking to achieve its objectives, the Fund may employ various investment strategies, including, but not limited to, the use of leverage, short selling and investment in options, financial futures and other derivative instruments. The investment team aims to provide attractive returns through exploiting inefficiencies within one of the most under-researched developed equity markets in the world, utilizing a value-based and contrarian approach. Value is the predominant criteria for stock selection, since this technique has been consistently successful in Japan. The investment manager utilizes a bottom-up, fundamental research approach, based on well-established methodologies for value investing. The Japanese equity market possesses some distinctive characteristics that make it stand out among other developed equity markets including low analyst coverage, an increasing rate of corporate action (M&A, restructuring, etc.) and a decent liquidity across the caps (from micro- to large-cap). Owing to these conditions, the investment team is provided with a diverse investment universe within which to apply their bespoke strategy. With the inherent risks in the market, the investment manager runs a well-diversified portfolio across different industries both on the long and short side. In addition, index derivatives are utilized on the short side to protect the downside, in case of large market moves. STRUCTURE AND REGISTRATIONS The Sector Zen Fund is organised as a sub-fund under Sector Investment Funds Plc and is approved and regulated by the Central Bank of Ireland. Investments can only be made by investing through various feeder funds and are stricly offered to professional, acreddited or qualified investors. The Fund is managed by Sector Theta AS, a Norwegian investment firm regulated by the Financial Supervisory Authority of Norway. INVESTMENT PARTNER Theta MANAGERS Trond Hermansen Lars R. Solberg FUND LITERATURE Document Center INVESTOR SERVICES Sector Fund Portal Document Center INSIGHTS See archive FUNDS Incentive Active Value Fund Incentive Active Value Long Only Fund Sector Healthcare Fund Sector Healthcare Value Fund Sector Zen Fund About Sector News Events Talent Contact DOCUMENT CENTER TERMS OF USE PRIVACY POLICY SITE MAP Finansportalen.no Follow us on LinkedIn Legal Notice Important Notice – Please Read Carefully This website and the confidential material contained hereon (the "Website") is provided for informational purposes only. None of the information available on the website (the "Website Information") constitutes a solicitation or offer by Sector Asset Management AS or any of its subsidiaries, affiliates or associated companies (collectively, "Sector AM"), to buy or sell any securities. Sector AM reserves the right to change, modify, add or remove portions of any content posted on the Website at any time without notice and without liability. By accessing or using the Website and clicking "Accept" you agree that you have read, understand and accept the terms of this notice and the Terms of Use below. The Website Information should not be deemed as a recommendation to buy or sell securities. Sector AM cannot and does not guarantee the success of any investment strategy. Past results are not necessarily indicative of future performance. No assurance can be made that profits will be achieved or that substantial losses will not be incurred. There are significant risks associated with investment in the products described in this Website, including the risk of loss of the entire amount invested. An investment may only be made after receiving and reviewing the Offering Documents, including the risk factors contained therein, and the other definitive legal documentation pertaining to such an investment. You should rely only on the Offering Document and such other legal documentation in making any decision to invest. Investment in the alternative investment funds managed by Sector AM investment teams (the "AIFs") are solely for sophisticated investors who are (i) professional clients or eligible counterparties under the rules of the Norwegian Financial Services Authority ("FSA"), (ii) accredited investors (within the meaning given to such term in Regulation D under the U.S. Securities Act of 1933) and (iii) qualified purchasers (within the meaning given to such term in Section 2(a)(51) of the U.S Investment Company Act 1940, as amended). The AIFs are unsuitable for any person not meeting such qualifications. Investment in the AIFs are intended for investors who can accept the risks associated with such an investment and who have no need for immediate liquidity in their investment. Investments will be subject to strict limitations on transferability and withdrawal. There will be no secondary or public market. The foregoing list of risk factors is not complete. If you are unsure as to whether or not you qualify, please contact Sector AM. Investment in the UCITS funds managed by Sector AM investment teams (the "UCITS") are suitable for both non-professional and professional investors. On the website, you will find the latest updated information to investors, such as KIID documents and supplements. Please read carefully the Terms of Use below, which are subject to change without notice. By accessing any page of this Website, you agree to be bound by such Terms of Use. If you do not agree with any of such terms or conditions, please exit the Website. This page is designed to filter out unsuitable categories of investors from accessing the Website. Sector AM is not responsible for any misrepresentations you may make in gaining unauthorized access to the site. This Website has no regard to specific investment objectives, financial situation or particular needs of any person. Any opinions or estimates included herein constitute a judgment solely as of the date of publication and are subject to change without notice. Similarly, any documents or other information included or posted on this Website are subject to change, replacement or withdrawal without notice. It is the responsibility of users of this Website to ensure they are aware of the current documentation and information published on this Website from time to time. No reliance may be placed for any purpose on the information and opinions contained in this Website or their accuracy or completeness. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this Website. To the fullest extent permitted by applicable law, Sector AM expressly disclaims any and all liability whatsoever for errors and omissions in any information or materials, and for any use or interpretation by others of any information or materials, contained in or accessible through the Website. Sector AM does not warrant that the Website will operate error free or is free from viruses, worms or other destructive or harmful code. The investment firms in Sector AM are authorised and regulated by the Norwegian FSA. For an updated overview over the licenced companies and their licences, please follow this link from the Norwegian FSA. SELECT COUNTRY AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY HONG KONG IRELAND ITALY JAPAN LUXEMBOURG NETHERLANDS NORWAY PORTUGAL REST OF THE WORLD SINGAPORE SLOVAKIA SOUTH KOREA SPAIN SWEDEN SWITZERLAND UNITED KINGDOM UNITED STATES OF AMERICA TERMS OF USE