Hermes

Hermes

Objective

Hermes Linder Fund aims to achieve long-term appreciation principally through value investing.

Strategy

The fund will achieve this objective by investing most of its assets in securities quoted on the major exchanges worldwide.

Under normal circumstances, the Fund holds a significant proportion of its assets in equities of undervalued companies, holding approximately 20% of the equity portfolio in highly liquid securities.

The Fund strategically picks companies, which reflect high growth potential and that are relatively undervalued with respect to their intrinsic value. This is achieved through an in-depth analysis of the company’s fundamentals, multiples, core ratios and future prospects.

The other portion of assets comprises of cash deposits, investments in fixed-income securities and derivatives, the latter being used for efficient portfolio management as well as for investment purposes.

Fund Information

Inception DateBase Currency
27th July 2000Euro ()

Fund Identifiers - Class A Institutional

BloombergISIN
HERLINA:LXLU2169797706

Fund Identifiers - Class A Retail

BloombergISIN
HERLNAR:LXLU2169797615

Investment Minimums

Initial InvestmentSubsequent Investment
€15,000N/A

Account Features

Valuation DayShare Offer
Every business dayUp to 100,000 shares

Monthly Performance

 202120202019201820172016201520142013201220112010200920082007200620052004
JAN0.72%  -2.76% ⇩7.33% 1.70% 3.07% -7.03% 8.73% 0.99% 3.79% 5.24% -0.06% -0.62% 2.92% -4.78% 4.03% 5.68% 4.60% 3.51% 
FEB - 7.99% ⇩2.30%  -4.24% 3.97% -0.91% 6.59% 3.58% 2.11% 2.05% 0.25% 1.13% -3.01% 5.96% 0.26% 3.13% 4.31% 3.01% 
MAR -21.04% ⇩ 2.46%  -4.22% 8.42% 3.87% 5.49% 2.87% -0.09% -0.32% 1.29% 6.38% -0.63% -3.34% 3.96% 3.20% -1.12% 0.86% 
APR 10.15%  3.97%  2.09%  5.96% 1.33% -1.06% 0.56% -1.08% -0.62% 0.53% 0.00% 10.40% 10.71% 3.63% 2.05% -1.03% 2.75% 
MAY 4.08%  -5.18%  1.14%  3.87% 2.33% 2.44% 1.93% 2.19% -7.00% -0.75% -3.49% 9.33% 6.21% 3.61% -2.65% 0.67% 0.17% 
JUN 1.76%   3.85%  -5.32%  -3.14% -4.77% -1.76% 0.15% -2.63% -2.20% -2.91% -2.75% -3.56% 0.03% 1.88% -1.56% 3.01% 3.69% 
JUL -2.41%  -2.55% 2.61%  2.51% 3.91% 2.89% -2.29% 0.75% 2.15% -0.93% 4.71% 6.65% -7.06% 1.67% 2.27% 4.94% -0.78% 
AUG 6.05%  -3.17%  -0.75%  0.41% 0.13% -4.47% -0.58% -0.10% 0.80% -2.53% 0.67% 1.17% -1.07% -2.96% 2.30% 3.04% 0.78% 
SEP -1.14%  2.33%  -1.63%  3.70% 0.89% -4.53% -3.48% 3.13% 3.71% -8.60% 4.54% 5.26% -14.13% 3.96% 0.42% 3.67% ⇧ 3.42% 
OCT -5.26%  -0.09%  -5.77%  0.74% 3.83% 7.05% -2.4% 3.42% 0.33% 4.16% 1.70% -2.09% -19.47% 4.66% 5.19% -1.16% 1.52% 
NOV 19.69%  5.68%  -3.58%  -2.86% 0.07% 2.58% 2.07% 0.76% -0.20% -4.68% 0.61% ⇧-0.66% -9.81% -6.71% 1.36% 0.14% 3.32% 
DEC 3.17%  1.68%  -3.42%  2.23% 7.59% 0.41% 1.65% 2.84% 2.63% 0.71% 4.49% 8.74% -0.71% 5.01% 3.80% 2.58% 4.58% 
Total0.72% -1.34%  19.41%   -19.84% 32.25% 10.87% 25.46% 4.85% 13.77% 6.17% -13.26% 18.25% 38.73% -34.69% 24.72% 27.89% 26.02% 30.21% 
Since
Inception
455.14% 451.15% 

458.62% ⇧  

367.83% 483.61% 341.29% 298.02% 215.94% 201.33% 164.87% 149.47% 187.59% 143.19% 75.30% 168.39% 115.19% 68.26% 33.52% 
Management FeePerformance FeeExit Fee
1% p.a15% p.a on the NAV target*0%

*NAV target currently stands at €5625.75

FUND ADMINISTRATOR

RBC Investor Services Bank SA

CUSTODIAN

RBC Investor Services Bank SA

AUDITORS

Deloitte Audit Ltd, Luxembourg

INVESTMENT MANAGER

Praude Asset Management Limited

 

Objective

Hermes Linder Fund aims to achieve long-term appreciation principally through value investing.

Strategy

The fund will achieve this objective by investing most of its assets in securities quoted on the major exchanges worldwide.

Under normal circumstances, the Fund holds a significant proportion of its assets in equities of undervalued companies, holding approximately 20% of the equity portfolio in highly liquid securities.

The Fund strategically picks companies, which reflect high growth potential and that are relatively undervalued with respect to their intrinsic value. This is achieved through an in-depth analysis of the company’s fundamentals, multiples, core ratios and future prospects.

The other portion of assets comprises of cash deposits, investments in fixed-income securities and derivatives, the latter being used for efficient portfolio management as well as for investment purposes.

Fund Information

Inception DateBase Currency
5th November 2011Euro (€)

Fund Identifiers - Class B Institutional

Bloomberg   ISIN
HERLINB:LXLU2169798001

Fund Identifiers - Class B Retail

BloombergISIN
HERLNBR:LXLU21669797961

Investment Minimums

Initial InvestmentSubsequent Investment
 €15,000N/A 

Account  Features

Valuation DayShare Offer
Every Business DayUp to 100,000 shares

Monthly Performance

 20212020201920182017201620152014201320122011
JAN0.64% ⇧-2.84% 7.24% 1.90% 3.52% -7.83% 9.80% 1.07% 3.80%     5.20%  
FEB -8.06% 2.22% -5.04% 4.61% -0.99% 7.71% 4.14% 2.44% 1.99%  
MAR -21.10% 2.38% -4.47% 9.86% 3.91% 6.38% 3.30% -0.18% -0.37%  
APR 10.06% 3.88%  2.00% 6.93% 1.47% -1.38% 0.53% -1.37% -0.71%  
MAY 4.00%  -5.26%  1.05% 4.39% 2.63% 2.77% 2.18% 2.50% -7.08%     0.28% 
JUN 1.67%  3.77%  -5.39%  -3.66% -5.57% -2.04% 0.10% -3.18% -2.27% -3.36%
JUL -2.49%  -2.64%  2.51%  2.88% 4.41% 3.29% -2.72% 0.79% 2.05% -1.08%
AUG 5.96%  -3.25%  -0.83%  0.43% 0.57% -5.10% -0.75% -0.21% 0.71% -2.95%
SEP -1.22%  2.25%   -1.71%  4.28% 0.96% -4.60% -3.56% 3.60% 3.63% -8.83%
OCT -5.34%  -0.17%    -5.85%  0.78% 4.43% 8.56% -2.49% 2.95% 0.24% 3.90% 
NOV  19.58%  5.60%   -3.66%  -3.42% -0.01% 3.03% 1.99% 0.83% -0.28% -4.76%
DEC 3.09%  1.60%  -3.50%  2.53% 8.88% 0.41% 1.56% 3.30% 2.54% 0.63% 
Total0.64% ⇧-2.32% 18.22%  -21.16% 37.56% 11.82% 29.70% 5.13% 14.59% 5.23% -15.55%
Since
Inception
95.70% ⇧94.45% 99.07%  68.39% 113.58% 55.26% 38.86% 7.06% 1.84% -11.13% -15.55%
Management FeePerformance FeeExit Fee
2% p.a0%0%

FUND ADMINISTRATOR

RBC Investor Services Bank SA

CUSTODIAN

RBC Investor Services Bank SA

AUDITORS

Deloitte Audit Ltd, Luxembourg

INVESTMENT MANAGER

Praude Asset Management Limited

 

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 the bar on the left. 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.

THE CONTENTS OF THIS WEBSITE, AND THE DOCUMENTS UPLOADED THERETO, DO NOT CONSTITUTE, AND SHOULD NOT BE CONSTRUED AS CONSTITUTING, INVESTMENT ADVICE. YOU SHOULD NOTE THAT YOUR DECISION AS TO WHETHER TO INVEST IN ANY OF THE COLLECTIVE INVESTMENT SCHEMES MENTIONED ON THIS WEBSITE AND/OR TO AVAIL OF OUR INVESTMENT SERVICES, MAY HAVE LEGAL, FINANICAL AND/OR TAX IMPLICATIONS FOR YOU. YOU ARE URGED TO SEEK INDEPENDENT LEGAL, FINANCIAL AND/OR TAX ADVICE BEFORE INVESTING. PRAUDE ASSET MANAGEMENT LIMITED AND THE COLLECTIVE INVESTMENT SCHEMES IT MANAGES DO NOT HAVE, AND WILL NOT ACCEPT, ANY LIABILITY TO YOU IF, AMONGST OTHERS, YOU BREACH ANY LAW OR REGULATION BY INVESTING AND/OR YOU LOSE MONEY BY INVESTING.