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      • PrivilEdge - SMAM Japan Small and Mid Cap, Syst. Hdg, (CHF) M A

      PrivilEdge
      SMAM Japan Small and Mid Cap

      Syst. Hdg, (CHF) M A
        ISINLU1370681501

        PrivilEdge - SMAM Japan Small and Mid Cap, Syst. Hdg, (CHF) M A

        ISINLU1370681501
        funds listsustainability report

        General information

        Asset ClassEquities
        CategoryJapan
        StrategyHigh Conviction
        Fund base currencyJPY
        Share Class reference currencyCHF Hedged
        BenchmarkMSCI Japan Small & Mid Cap JPY ND (CHF Cross Hdg.)
        Dividend Policyaccumulated
        Total Assets (all classes) in mnCHF 10.3030.04.2025
        Assets (share class) in mnCHF 0.4130.04.2025
        Number of positions9630.04.2025
        TER1.40%30.09.2024

        Documents

        Key Information Document
        English (pdf)
          Prospectus
          Français (pdf)
            Fact Sheet (marketing document)
            English (pdf)

              Risk rating

              Lower riskHigher risk
              1
              1
              2
              2
              3
              3
              4
              4
              5
              5
              6
              6
              7
              7
              Typically lower rewardTypically higher reward
              Past performance is not a guarantee of future results. If the funds are denominated in a currency other than that in which the majority of the investor's assets are held, the investor should be aware that changes in rates of exchange may affect the value of the funds' underlying assets. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.
              • Performance & Statistics
              • Highlights
              • Breakdowns
              • Managers
              • Legal information
              • Dealing
              • Security Numbers
              • Prices
              • Documents

              Performance & Statistics

              Rolling 12 months Performance (%)Cumulative performance (%)Annualised performance (%)
              Loading...
              As of 
              Share Class (Net)
              Benchmark
              Sorry, we could not retrieve the data for this share class.
              Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
              Loading...
              As of 
              Share Class (Net)
              Benchmark
              Sorry, we could not retrieve the data for this share class.
              Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
              Loading...
              As of 
              Share Class (Net)
              Benchmark
              Sorry, we could not retrieve the data for this share class.
              Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
              Since launch
              • 1 month
              • 3 months
              • 6 months
              • 1 year
              • 3 years
              • 5 years
              • 2025 YTD
              • 2024 YTD
              • 2023 YTD
              • 2022 YTD
              • 2021 YTD
              • 2020 YTD
              • 2019 YTD
              • 2018 YTD
              • 2017 YTD
              • 2016 YTD
              • Since launch
              • Custom
              Export
              pdfjpgpngsvg
              csvxls
              FundBenchmark
              Total Return92.13%103.48%
              Annualized Return7.41%8.09%
              Annualized Volatility14.81%13.18%
              Sharpe Ratio0.510.63
              Downside Deviation10.52%9.24%
              Positive Months67.27%68.18%
              Maximum Drawdown-26.34%-26.00%
              *  Risk-Free Rate -0.20%Target Rate -0.20%
              Calculations based on monthly time series
              Earliest Date: 01.04.2016, Latest date: 07.05.2025
              Fund vs Benchmark
              Correlation0.899
              R20.808
              Alpha-0.04%
              Beta1.011
              Tracking Error6.49%
              Information Ratio-0.093

              Key risks

              The following risks may be materially relevant

              but may not always be adequately captured by the synthetic risk indicator and may cause additional loss:


               
              Liquidity risk: Where a significant level of investment is made in financial instruments that may under certain circumstances have a relatively low level of liquidity, there is a material risk that the fund will not be able to transact at advantageous times or prices. This could reduce the fund's returns.
               
              Operational risk and risks related to asset safekeeping: In specific circumstances, there may be a material risk of loss resulting from human error, inadequate or failed internal systems, processes or controls, or from external events.
               
              Concentration risk: To the extent that the fund's investments are concentrated in a particular country, market, industry, sector or asset class, the fund may be susceptible to loss due to adverse occurrences affecting that country, market, industry, sector or asset class.
               

               

              Highlights

              PrivilEdge - SMAM Japan Small and Mid-Cap is an actively managed UCITS portfolio. The sub-fund is actively managed in reference to the MSCI Japan Small & Mid cap (Total Return Net) in JPY index. The investment approach is contrarian and opportunistic, enabling the Fund to behave like a corporate investor, as opposed to a financial investor, using the EV metric rather than the more traditional ones (such as P/E, dividend discounts). The Fund invests in small and mid-cap companies listed on the Japanese stock exchange that tends to have unique products/business models exhibiting sustainable and durable growth and a high-quality management team that wisely allocates capital to drive growth over the long term. The objective of the Fund is to invest in 60 - 100 stocks with a USD 50million minimum market cap where the market price is at least 20% below the Portfolio Manager’s assessment of the Fair Value and to sell it when it is 20% above. Risk management is performed by the fund manager at a portfolio level, while independent teams oversee investment, counterparty and operational risks.

              Breakdowns

              March 2025

                Top 10 (in %)

                San-A Co Ltd0.00% 1.62%
                Taiyo Holdings Co Ltd0.00% 1.61%
                Gremz Inc0.00% 1.58%
                Stanley Electric Co Ltd0.00% 1.57%
                Itfor0.00% 1.56%
                Doutor Nichires Holdings Co Ltd0.00% 1.55%
                Open Up Group Inc0.00% 1.52%
                Premium Group Co Ltd0.00% 1.52%
                Sohgo Security Services0.00% 1.52%
                Okamura0.00% 1.51%

                Sectors (in %)

                Industrials0.00% 35.09%
                Information technology0.00% 21.99%
                Consumer discretionary0.00% 20.58%
                Materials0.00% 10.08%
                Consumer staples0.00% 2.65%
                Health care0.00% 2.55%
                Real estate0.00% 2.53%
                Communications & Services0.00% 1.65%
                Financials0.00% 1.52%
                Liquid assets0.00% 1.36%

                Countries (in %)

                Japan0.00% 100.00%

                Currencies (in %)

                JPY0.00% 100.00%

                Managers

                Sumitomo Mitsui DS Asset Management Company 'SMDAM'
                Read more
                Sumitomo Mitsui DS Asset Management Company “SMDAM” Headquartered in Tokyo, Sumitomo Mitsui DS Asset Management (SMDAM) is one of the leading asset management specialists in Japan. It is owned by five major firms that are the leaders in the banking, securities and insurance industries in Japan. It manages around USD 160bn and employs over 350 investment professionals, mainly in Asia (31.12.2018). The Fund is managed by Tadao Kimura (Bachelor of Commerce, Yokohama City University), who has been in the business for more than 20 years. He is supported by Taisuke Yamagata (4 years of experience), who acts as back-up fund manager. Together, they benefit from SMDAM’s well-resourced and thorough fundamental research team composed of 21 experienced analysts (including 2 dedicated to SMID) organized across sectors. Tadao Kimura (Bachelor of Commerce, Yokohama City University), started his career in 1994 as an equity analyst at Yamaichi Securities Investment Trust Management Co., Ltd. In 1998, he moved to Sakura Asset Management Co., Ltd, where he started managing his first portfolios of Japanese equities. In 2002, he joined SMAM, where in 2003 he suggested the launch of a strategy based on the Enterprise Value Concept.

                Legal information

                General information

                DomicileLuxembourg
                Legal FormSICAV
                Regulatory StatusUCITS
                Registered inBE, CH, DE, ES, FR, GB, IT, LI, LU, NL
                Class launch date01.04.2016
                Close of financial year30 September
                Dividend Policyaccumulated

                Fiscal Information

                DE Investmentsteuergesetz (InvStG)Equity Fund
                AT Investmentfondsgesetz (InvFG)Declared Fund
                UK Reporting StatusNo

                Management Company & Agents

                Management CompanyLombard Odier Funds (Europe) S.A.
                CustodianCACEIS Bank, Luxembourg Branch
                AuditorPricewaterhouseCoopers
                Portfolio valuationCACEIS Bank, Luxembourg Branch

                Dealing

                Dealing

                Subscriptions and redemptions frequency weekly (Wednesday)
                Subscriptions and redemptions cut-off dayT-3
                Subscriptions and redemptions cut-off time15:00 CET
                Subscriptions and redemptions settlement dateT+2
                NAV valuation pointT
                NAV calculation dayT+1
                NAV calculation frequencydaily
                Minimum InvestmentEUR 3'000 or equivalent
                Management Fee1.10%
                Distribution Fee0.00%

                Security Numbers

                BLOOMBERGPSMJCMA LX
                ISINLU1370681501
                TELEKURS31533935

                Prices

                Since launch
                • 1 month
                • 3 months
                • 6 months
                • 1 year
                • 3 years
                • 5 years
                • 2025 YTD
                • 2024 YTD
                • 2023 YTD
                • 2022 YTD
                • 2021 YTD
                • 2020 YTD
                • 2019 YTD
                • 2018 YTD
                • 2017 YTD
                • 2016 YTD
                • Since launch
                • Custom
                Export

                Prices over selected period

                LastCHF0.0019.2107.05.2025
                FirstCHF0.0010.0001.04.2016
                HighestCHF0.0019.7627.03.2025
                LowestCHF0.009.0619.08.2016
                * Earliest Date: 01.04.2016, Latest date: 07.05.2025

                Documents

                Reporting

                Fact Sheet (marketing document)
                30.04.2025
                English (pdf)
                  Performance Review
                  31.03.2025
                  English (pdf)

                    Legal Documents

                    Notice to Shareholders
                    29.01.2025
                    Français (pdf)
                      30.08.2024
                      Français (pdf)
                        12.01.2024
                        Français (pdf)
                          Key Information Document
                          28.01.2025
                          English (pdf)
                            Prospectus
                            01.10.2024
                            Français (pdf)
                              Annual Report
                              30.09.2024
                              English (pdf)
                                Semi-Annual Report
                                31.03.2024
                                English (pdf)
                                  Articles of incorporation
                                  20.05.2019
                                  English (pdf)

                                    Retail investors

                                    Quarterly Newsletter CP
                                    31.03.2025
                                    English (pdf)

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