For qualified investors in Chile

Global Multi-Strategy Fund

This market-neutral fund seeks absolute returns through investing across a diversified set of bottom-up alternative investment strategies, combined with a top-down "protection" strategy.

ISIN
LU2114517183

NAV
USD 10.55
As of 26/01/2023

1-Day Change
USD 0.02 (0.15%)
As of 26/01/2023

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a positive (absolute) return, regardless of market conditions, over any 12 month period. A positive return is not guaranteed over this or any other time period and, particularly over the shorter term, the Fund may experience periods of negative returns. Consequently, your capital is at risk.
Performance target: To outperform the Euro Main Refinancing Rate by 7% per annum, before the deduction of charges, over any 3 year period.

More

The Fund invests in a global portfolio of assets including shares of companies, investment grade and non-investment grade bonds issued by governments and companies (including convertible bonds, contingent convertible bonds and distressed securities), and makes extensive use of derivatives (complex financial instruments), including total return swaps, to take both ‘long’ and ‘short’ positions in companies and bonds that the investment manager believes will either rise in value (long positions) or fall in value (short positions) meaning that the Fund may benefit from either scenario.
The Fund will hold a significant proportion of its assets in cash and money market instruments as a result of holding derivatives or for asset allocation purposes. The Fund may also take long or short exposures to other asset classes such as commodities and may hold other funds (such as collective investment schemes and exchange traded funds).
The investment manager may also use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed and makes reference to the Euro Main Refinancing Rate, as this forms the basis of the Fund's performance target and the level above which performance fees may be charged (if applicable). For currency hedged share classes, the rate that corresponds with the relevant share class currency is used as the basis of the performance comparison and for calculating performance fees. The investment manager has complete discretion to choose investments for the Fund and is not constrained by a benchmark.

Less

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Low expected correlation to traditional and alternative assets: The fund’s market neutral nature and low expected correlations between the underlying strategies seek to enhance overall risk-adjusted returns
  • Top-down and bottom-up: A separate top-down "protection" strategy aims to mitigate the tail risk associated with the bottom-up strategy set
  • Stable and experienced investment team: Diversified skill sets and incentivised by total fund return
Past performance does not predict future returns. 
 

A closer look at explicit portfolio protection

Steve Cain, Diversified Alternatives Portfolio Manager, discusses how incorporating a portfolio protection strategy within Multi Strategy portfolios may offer ‘crisis alpha’ during extreme market conditions.

A closer look at explicit protfolio protection

PORTFOLIO MANAGEMENT

David Elms

Head of Diversified Alternatives | Portfolio Manager

Industry since 1991. Joined Firm in 2002.

Steve Cain

Portfolio Manager

Industry since 1987. Joined Firm in 2010.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 31/12/2022
I2 HUSD (Net) US Federal Funds Rate
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
03/06/2020
I2 HUSD (Net) -0.17 1.64 1.64 - - - 2.24
US Federal Funds Rate 0.35 1.72 1.72 - - - 0.72
Calendar Year Returns (%)
As of 31/12/2022
I2 HUSD (Net) US Federal Funds Rate
YTD 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 PERFORMANCE INCEPTION
03/06/2020
I2 HUSD (Net) 1.64 1.64 2.44 - - - - - - - - 1.70
US Federal Funds Rate 1.72 1.72 0.08 - - - - - - - - 0.05

Index Description

N/A

FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.00%
Ongoing Charge
(As of 30/09/2021)
1.19%
Performance Fee 20% (relative to the hurdle rate and high water mark)
Hurdle Rate US Federal Funds Rate

Documents

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall. High yielding (non-investment grade) bonds are more speculative and more sensitive to adverse changes in market conditions.
  • SPACs are shell companies set up to acquire businesses. They are complex and often lack the transparency of established companies, and therefore present greater risks to investors.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions.