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

BloombergISIN
HERLINA:MVMT0000078387

Investment Minimums

Initial InvestmentSubsequent Investment
€15,000N/A

Account Features

Valuation DayShare Offer
Every business dayUp to 100,000 shares

Monthly Performance

 20172016201520142013201220112010200920082007200620052004
JAN3.07% -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% 
FEB3.97% -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% 
MAR8.42% 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% 
APR5.96% 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% 
MAY3.87% 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-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% 
JUL3.91% 2.89% -2.29% 0.75% 2.15% -0.93% 4.71% 6.65% -7.06% 1.67% 2.27% 4.94% -0.78% 
AUG0.13% -4.47% -0.58% -0.10% 0.80% -2.53% 0.67% 1.17% -1.07% -2.96% 2.30% 3.04% 0.78% 
SEP0.89% -4.53% -3.48% 3.13% 3.71% -8.60% 4.54% 5.26% -14.13% 3.96% 0.42% 3.67% ⇧ 3.42% 
OCT3.83% 7.05% -2.4% 3.42% 0.33% 4.16% 1.70% -2.09% -19.47% 4.66% 5.19% -1.16% 1.52% 
NOV0.07% 2.58% 2.07% 0.76% -0.20% -4.68% 0.61% ⇧-0.66% -9.81% -6.71% 1.36% 0.14% 3.32% 
DEC7.59% 0.41% 1.65% 2.84% 2.63% 0.71% 4.49% 8.74% -0.71% 5.01% 3.80% 2.58% 4.58% 
Total27.87% 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
464.28% 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 €3912.62

FUND ADMINISTRATOR

BOV Fund Services Limited

CUSTODIAN

Bank of Valletta (BOV), Malta

SUB-CUSTODIAN

Axion Swiss Bank S.A., Switzerland

AUDITORS

Deloitte Audit Ltd, Malta

INVESTMENT MANAGER

Praude Asset Management Limited

COMPLIANCE

Mr. David Galea Souchet

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

Bloomberg   ISIN
HERLINB:MVMT7000001764

Investment Minimums

Initial InvestmentSubsequent Investment
 €15,000N/A 

Account  Features

Valuation DayShare Offer
Every Business DayUp to 100,000 shares

Monthly Performance

2017201620152014201320122011
JAN3.52% -7.83% 9.80% 1.07% 3.80%     5.20% 
FEB4.61% -0.99% 7.71% 4.14% 2.44% 1.99% 
MAR9.86% 3.91% 6.38% 3.30% -0.18% -0.37%
APR6.93% 1.47% -1.38% 0.53% -1.37% -0.71%
MAY4.39% 2.63% 2.77% 2.18% 2.50% -7.08%     0.28% 
JUN-3.66% -5.57% -2.04% 0.10% -3.18% -2.27% -3.36%
JUL4.41% 3.29% -2.72% 0.79% 2.05% -1.08%
AUG0.57% -5.10% -0.75% -0.21% 0.71% -2.95%
SEP0.96% -4.60% -3.56% 3.60% 3.63% -8.83%
OCT4.43% 8.56% -2.49% 2.95% 0.24% 3.90% 
NOV -0.01% 3.03% 1.99% 0.83% -0.28% -4.76%
DEC8.88% 0.41% 1.56% 3.30% 2.54% 0.63% 
Total32.80% 
11.82% 29.70% 5.13% 14.59% 5.23% -15.55%
Since
Inception
106.19% 55.26% 38.86% 7.06% 1.84% -11.13% -15.55%
Management FeePerformance FeeExit Fee
2% p.a0%0%

FUND ADMINISTRATOR

BOV Fund Services Limited

CUSTODIAN

Bank of Valletta (BOV), Malta

SUB-CUSTODIAN

Axion Swiss Bank S.A., Switzerland

AUDITORS

Deloitte Audit Ltd, Malta

INVESTMENT MANAGER

Praude Asset Management Limited

COMPLIANCE

Mr. David Galea Souchet

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

BloombergISIN
HERLINB:MVMT7000001764

Investment Minimums

Initial InvestmentSubsequent Investment
€15,000N/A

Account Features

Valuation DayShare Offer
Every Business DayUp to 100,000 shares

MONTHLY PERFORMANCE

Management FeePerformance FeeExit Fee
0% p.a25% p.aN/A

FUND ADMINISTRATOR

BOV Fund Services Limited

CUSTODIAN

Bank of Valletta (BOV), Malta

SUB-CUSTODIAN

Axion Swiss Bank S.A., Switzerland

AUDITORS

Deloitte Audit Ltd, 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.

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