Opportunistic Alpha Fund

Through deep fundamental analysis, we invest in what we believe are mispriced business models, unconstrained by sector and with flexibility across market cap


EUR 25.88
As of 2020/10/23

1-Day Change
EUR 0.21 (0.82%)
As of 2020/10/23

Key investment risks:
• The Fund may invest in any one or a combination of the following instruments:
– futures, options and swaps and other financial derivative instruments (“FDI”) for investment purposes, up to 10% of the net asset value ("NAV") of the Fund. Given the leverage effect of FDI, such investments may result in substantial loss


(as much as 100% of the NAV of the relevant Fund);
– debt securities rated below investment grade; and
– mortgage and asset-backed securities and/or in index/structured securities. These financial instruments may be rated below investment grade.
• Investing in any one of the above instruments may involve substantial credit/counterparty, market, liquidity, currency, leverage, index, interest and swap risks. If the issuers default, or such securities or their underlying assets, cannot be realised or perform badly, investors’ entire investments may be lost.
• The Fund's investments involve developing markets. Owing to its potentially higher volatility and risk levels, as well as lower political and economic stability than developed markets, asset values could be affected in various levels.
• The Fund’s investments may be more concentrated than others that diversify across investments and may therefore be subject to higher risk than funds with more diversified investments.
• The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice.
• Investors should not only base on this document alone to make investment decisions and should read the Prospectus including the risk factors for further details.




The Fund aims to provide capital growth over the long term.


The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in the United States.

Opportunistic alpha is achieved by the Fund investing opportunistically across variety of market capitalisations predominantly in the US in its attempt to generate alpha (i.e. obtain excess returns) for shareholders. Investing opportunistically means investing in stocks which are undervalued or show potential for future growth / returns at times when such opportunities arise.



  • Invests with conviction in companies where the market misunderstands the business models, assets, or growth potential
  • Uses the best ideas of our research team to identify stocks at a discount across style, sector, and market cap
  • Expresses differentiated views by applying independent thinking


Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.


Discrete Performance (%)
As of 2020/09/30
Quarter End
As of 2020/09/30
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
12.16% 3.19% 11.46% 6.78% 2.59%
Cumulative Performance (%)
As of 2020/09/30
A2 HEUR (Net)
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
A2 HEUR -0.99% 10.71% 37.97% 3.23% 12.16% 28.99% 41.31% 23.74%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 2020/06/30)
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 2020/06/30)


Top Holdings (As of 2020/09/30)
Crown Holdings Inc 6.78
VICI Properties Inc 5.44
Horizon Therapeutics Plc 4.79
T-Mobile US Inc 4.48
Marvell Technology Group Ltd 4.46
Total 25.95
Sector Allocation % OF FUND % OF FUND (As of 2020/09/30)
Consumer Discretionary 17.05
Health Care 16.47
Communication Services 12.90
Materials 12.87
Information Technology 11.51
Industrials 6.96
Financials 6.52
Utilities 6.31
Real Estate 5.44
Consumer Staples 1.43
Equity Other 0.68
US Industrials 1.47
Cash & Equivalents 0.39
Regional Allocations % OF FUND % OF FUND (As of September 30, 2020)
North America 97.69
Europe 1.92
Cash & Equivalents 0.39