Class A

OBJECTIVE

The Fund is a Maltese AIF whose investment objective 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
Date31/07/201430/09/201431/12/201430/03/201530/06/201530/09/201531/12/201530/03/201630/06/201630/09/201630/12/201630/03/201730/06/201729/09/201729/12/201729/03/201828/06/201828/09/201831/12/201829/03/201928/06/201930/09/201931/12/201930/03/202030/06/202030/09/202031/12/202030/03/202130/06/202130/09/202131/12/202130/03/202230/06/202230/09/202230/12/202203/30/202305/31/2023
Altinum Price Class A100.000100.08099.860107.910104.950105.778109.220108.612108.580110.223110.593116.129117.113119.060118.080114.848112.509112.130110.476113.495114.141114.113119.486113.422117.294119.857123.710127.633130.708133.390133.921135.931137.328139.026138.191137.635140.414

MONTHLY PERFORMANCE - past performance does not predict future returns

 2014201520162017   201820192020202120222023
JAN 3.82% -0.37% 0.66% -0.10%0.55%-0.33% 0.74%-0.16%-0.64%⇩
FEB 2.42% -0.22% 1.37% -1.63%1.42%-0.43% 1.32%0.54%2.28%
MAR 1.62% 0.03% 2.90% -1.03%0.74%⇧-4.35% 1.08%1.12%-1.99%⇩
APR -0.89% -0.02% 1.53% 0.62% 0.90%⇧2.20%⇧1.46%1.67%1.37%⇧
MAY 0.02% 1.16% 0.61% -1.28%-1.06%0.16%⇧0.78%-0.43%⇩0.64%⇧
JUN -1.88% -1.16% -1.27% -1.40%0.74%⇧1.02%⇧0.15%-0.20%⇩ 
JUL 2.02%  1.20% 0.06% 0.52% -0.18%0.56%⇧0.54%-0.40%⇩ 
AUG0.02% -0.02% 0.54% 0.15% -0.53%-0.76%1.49%⇧0.89%1.56% 
SEP0.06% -1.04% -0.22%  1.45% -0.32%0.92%⇧0.13%⇧0.61%0.08% 
OCT0.02% 1.87% -0.37%  0.23% -0.97%1.03%⇧0.29%⇧0.55%-1.41%⇩ 
NOV0.025% 0.82% -1.49% -0.98%-0.58%2.39%⇧1.98%⇧-1.09%-1.48%⇩ 
DEC-0.48% 0.53% 2.24%  -0.07%0.08% 1.23%⇧0.92%⇧0.95%2.34% 
Total YTD-0.14% 9.14% 1.26% 6.77% -6.44%8.16%3.54%8.25%3.19%1.61%⇧
Since Inception-0.14% 9.22% 10.59%⇧18.08%⇧10.48%⇧19.49%⇧23.71%⇧33.92%⇧38.19%⇧40.41%⇧
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

Apex Fund Services (Malta) Limited

CUSTODIAN

Sparkasse Bank Malta plc

AUDITORS

Deloitte, Malta

INVESTMENT MANAGER

Praude Asset Management Limited

COMPLIANCE

Mr. Carl Zammit

 

Information

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

Tel:         +356 2137 4313

Email:     clients@praude.com.mt

PAM strongly suggests that the investor should carefully consider the Fund’s investment objectives, risk factors, fees and eligibility before taking any investment decision. All relevant information can be found in the Fund’s Prospectus and Offering Supplement, which may be obtained by contacting the administrators of the Fund who should provide you with a copy of the offering documents of the Fund. 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.

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.