Mutual fund under Italian law harmonized to Directive 2009/65/EC.
AgoraFlex
Classe Q
The Fund invests in equity and bond financial instruments, denominated in euros, U.S. dollars, yen and pounds sterling. The Fund's management activity is carried out mainly in the official or regulated markets of major macro-economic areas (European Union, North America, Pacific). For the bond component, government issuers, international bodies, banks, corporate issuers. The equity component is mainly invested in securities of large-capitalization companies.
General
Fund establishment date
10 December 2012
ISIN bearer class
IT0004872302
Management type
Total Return Fund
Denomination currency
Euro
Category
Flexible Fund
Benchmark
In relation to the Fund's management style (flexible style), it is not possible to identify a benchmark representative of the management policy adopted. Instead of the benchmark, a measure of volatility of the Fund consistent with the risk measure expressed is indicated.
Risk measure
Value at Risk (VaR), time horizon 1 month, confidence interval 99%: -6.1%
Risk rating
3 out of 7
Allocation of proceeds
The Fund is income accumulation
Annual management fee
1%
Annual incentive fee
25% of the Fund's extra return on the return target
Duration
Due to the flexibility of the management style, a duration range cannot be quantified a priori.
Rating
The bond component of the portfolio is invested, primarily, in bonds with a rating at least equal to the investment grade and, residually, in bonds with a rating lower than the investment grade or without a rating.
Emerging countries
Investment contained in financial instruments of emerging countries.
Currency risk
Active exchange rate risk management.
Management methods and return objective
The management activity is carried out without predetermined constraints regarding the categories of financial instruments in which to invest, as part of the risk measure established by the manager and represented by Value at Risk (VaR). The management activity is carried out with a return target identified in the Bloomberg Barclays Euro TSY-Bills index 0-3 Months Index + 1.50%.
Criteria for the selection of financial instruments
Investments are made on the basis of the expectations of the SGR on the medium / short term trend of the markets and securities, making frequent adjustments if necessary to the division between geographical areas, categories of issuers, investment sectors, as well as between equity component and bond component (flexible style).
Fund return target
Bloomberg Barclays Euro TSY-Bills 0-3 Months Index + 1.50%.
Warning
The return target does not constitute a guarantee of return on capital invested or a minimum return on financial investment.