Altinum

Altinum

OBJECTIVE

The investment objective of the Fund is to invest in listed equities, bonds, derivative financial instruments and to a limited extent in unlisted equities, bonds and derivative financial instruments, in order to achieve capital appreciation and secondarily income in all market situations.

STRATEGY

The Fund will strive to attain its investment objective by investing primarily in listed equities, bonds, derivatives financial instruments and to a limited extent in unlisted asset classes. Depending on market conditions, the Fund may also invest in cash or money market instruments. The Fund's investments will have no geographical bias or be restricted to any particular market or industry. The Fund may also invest in regulated collective investment schemes which in the opinion of the Investment Manager have an investment objective similar to the Fund’s own investment objective.

Within the investment objective, the Investment Manager shall have the necessary flexibility to exploit a very wide range of investment opportunities as they arise. The Investment Manager will conduct research in order to identify suitable investment opportunities, evaluate their risk and profit potential, and invest when it deems appropriate. Investment decisions will be based on analysis and research taking into account, among other factors, the relationship of book value to the market value of the securities, cash flow and the multiple of earnings. Each prospective security will be examined separately.

The Fund may use any form of financial derivative technique for investment purposes as well as instruments for efficient portfolio management including repurchase/reverse repurchase agreements and securities lending, for one or more of the following specific aims: (a) the reduction of risk; (b) the reduction of cost; and/or (c) the generation of additional capital or income for the Fund. In addition, the Fund may invest and/or hedge its currency exposure by entering into futures, options, derivatives, and foreign exchange transactions. The underlying of such derivatives may be bonds, equities or bond or equity indices which do not entail delivery of the underlying.

Additionally the Fund may temporarily invest up to 100% of the Net Asset Value in credit instruments to allow for the time needed to research new opportunities in the preferred investment areas and execute the said investments. Such credit instruments must, in the opinion of the Investment Manager be liquid credit instruments, and may include but are not limited to on-demand cash deposits, government bonds and money market funds.

The Fund does not have a benchmark index. The Fund’s total value can fluctuate and capital is not guaranteed.

Fund Information

Inception DateBase Currency
 23rd April 2014Euro (€)

Fund Identifiers

ISIN
MT7000010823

Investment Minimums

Initial InvestmentSubsequent Investment
€75,000€10,000

Account Features

Valuation Day
Every two weeks

MONTHLY PERFORMANCE

201420152016     2017 
JAN3.82% -0.37% 0.66% 
FEB2.42% -0.22% 1.37% 
MAR1.62% 0.03% 2.90% 
APR-0.89% -0.02% 1.53% 
MAY0.02% 1.16% 0.61% 
JUN-1.88% -1.16% -1.27% 
JUL2.02%  1.20% 0.06% 
AUG0.02% -0.02% 0.54% 
SEP0.06% -1.04% -0.22%  
OCT0.02% 1.87% -0.37%  
NOV0.025% 0.82% -1.49% 
DEC-0.48% 0.53% 2.24%  
Total-0.14% 9.14% 1.26% 5.96% 
Subscription FeeManagement FeePerformance FeeExit Fee
N/A0.6% p.a20% p.a. on Hurdle Rate*0%
*Hurdle rate with regards to performance fee is 1% over EURIBOR 3 months

FUND ADMINISTRATOR

BOV Fund Services Limited

CUSTODIAN

Société Générale S.A. Dublin Branch

PRIME BROKER

Societe Generale International Limited

AUDITORS

Deloitte, Malta

INVESTMENT MANAGER

Praude Asset Management Limited

COMPLIANCE

Mr. David Galea Souchet

 

OBJECTIVE

The investment objective of the Fund is to invest in listed equities, bonds, derivative financial instruments and to a limited extent in unlisted equities, bonds and derivative financial instruments, in order to achieve capital appreciation and secondarily income in all market situations.

class b

STRATEGY

The Fund will strive to attain its investment objective by investing primarily in listed equities, bonds, derivatives financial instruments and to a limited extent in unlisted asset classes. Depending on market conditions, the Fund may also invest in cash or money market instruments. The Fund's investments will have no geographical bias or be restricted to any particular market or industry. The Fund may also invest in regulated collective investment schemes which in the opinion of the Investment Manager have an investment objective similar to the Fund’s own investment objective.

Within the investment objective, the Investment Manager shall have the necessary flexibility to exploit a very wide range of investment opportunities as they arise. The Investment Manager will conduct research in order to identify suitable investment opportunities, evaluate their risk and profit potential, and invest when it deems appropriate. Investment decisions will be based on analysis and research taking into account, among other factors, the relationship of book value to the market value of the securities, cash flow and the multiple of earnings. Each prospective security will be examined separately.

The Fund may use any form of financial derivative technique for investment purposes as well as instruments for efficient portfolio management including repurchase/reverse repurchase agreements and securities lending, for one or more of the following specific aims: (a) the reduction of risk; (b) the reduction of cost; and/or (c) the generation of additional capital or income for the Fund. In addition, the Fund may invest and/or hedge its currency exposure by entering into futures, options, derivatives, and foreign exchange transactions. The underlying of such derivatives may be bonds, equities or bond or equity indices which do not entail delivery of the underlying.

Additionally the Fund may temporarily invest up to 100% of the Net Asset Value in credit instruments to allow for the time needed to research new opportunities in the preferred investment areas and execute the said investments. Such credit instruments must, in the opinion of the Investment Manager be liquid credit instruments, and may include but are not limited to on-demand cash deposits, government bonds and money market funds.

The Fund does not have a benchmark index. The Fund’s total value can fluctuate and capital is not guaranteed.

Fund Information

Inception DateBase Currency
 23rd April 2014Euro (€)

Fund Identifiers

ISIN
MT7000010823

Investment Minimums

Initial InvestmentSubsequent Investment
€75,000€10,000

Account Features

Valuation Day
Every two weeks

MONTHLY PERFORMANCE

20162017 
JANNA %0.66% ⇧
FEBNA %1.42% 
MAR0.03% 2.53% ⇧
APR-0.12% 1.48% ⇧
MAY1.16% 0.61% ⇧
JUN-1.46% -1.29% ⇩
JUL 1.35%  0.01% 
AUG0.49% 
SEP-0.34%  
OCT-0.49%  
NOV-1.61% 
DEC2.12%  
Total1.12%  5.49% 
Subscription FeeManagement FeePerformance FeeExit Fee
N/A2.0% p.a10% p.a. on Hurdle Rate*0%
*Hurdle rate with regards to performance fee is 1% over EURIBOR 3 months

FUND ADMINISTRATOR

BOV Fund Services Limited

CUSTODIAN

Société Générale S.A. Dublin Branch

PRIME BROKER

Societe Generale International Limited

AUDITORS

Deloitte, Malta

INVESTMENT MANAGER

Praude Asset Management Limited

COMPLIANCE

Mr. David Galea Souchet

 

PAM strongly suggests that the investor should carefully consider the Fund’s investment objectives, risk factors and fees before taking any investment decision. All relevant information can be found in the Fund’s Prospectus and Offering Supplement, which may be obtained by clicking the respective link located in the right-hand sidebar. Investors should read all the official documentation carefully before investing.

Investing involves risk, including the possible loss of principal.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy or product made reference to directly or indirectly on this website will be profitable or equal to corresponding indicated performance levels. Different types of investments involve varying degrees of risk. No client or prospective client should assume that any information presented and/or made available on this website serves as a substitute for personalized individual advice.

Key Fund Facts

1. The net change from previous NAV.

2. As at last NAV date.



Information

For more information about the fund please contact us as follows:

Tel:         +356 2137 4313

Email:     clients@praude.com.mt

PRAUDE ASSET MANAGEMENT LTD IS AUTHORISED AND REGULATED BY THE MALTA FINANCIAL SERVICES AUTHORITY TO PROVIDE INVESTMENT SERVICES AND TO HOLD AND CONTROL CLIENTS' MONEY AND ASSETS