The Investment Objective of Hermes Luxembourgish UCITS is to achieve long-term appreciation principally through value investing mainly in the major equity markets. There is no guarantee that Hermes will achieve its investment objectives.
Hermes may also retain amounts in cash or cash equivalents if it is considered appropriate to achieve the investment objective, including, without limitation, during portfolio rebalancing.
Investment Policy and Specific Restrictions
Hermes will achieve its investment objective by investing most of its assets in securities quoted on major exchanges. These may include investments in equities, fixed income (including up to 10% in contingent convertible securities and excluding distressed and defaulted securities), exchange traded funds, UCITS and other UCIs in accordance with article 41(1)(e) of the 2010 Law.
The Management Company employs an active bottom-up style of management by researching, studying and selecting individual stocks based on the principles of value investing with a specific focus on (but not limited to) small and mid-cap European listed equities. Hermes is not referenced to any Benchmark and does not have any target geographical or industrial sectors.
The Management Company may use financial derivative instruments for investment purposes and for the purposes of efficient portfolio management, to take indirectly exposure in equities and other transferable securities giving or capable of giving, directly or indirectly, access to capital or voting rights, traded on Eurozone and/or international markets such as North America, provided that such investment will be made in accordance with the investment restrictions and limits set out in the general part of the Prospectus and this Supplement.
Financial derivative instruments utilised by Hermes may include, but are not limited to, exchange listed futures, exchange listed options and FX Forwards amongst other financial derivative instruments. This action carries risks for the possibility that the coverage is not perfect and for the leverage involved.
|Inception Date||Base Currency|
|5th November 2011||Euro (€)|
Fund Identifiers - Class B Institutional
Fund Identifiers - Class B Retail
|Initial Investment||Subsequent Investment|
| €15,000||N/A |
|Valuation Day||Share Offer|
|Every Business Day||Up to 100,000 shares|