Mutual fund under Italian law harmonised with Directive 2009/65/EC.
AgoraFlex
Classe R
The Fund invests in equity and bond financial instruments, denominated in euros, US dollars, yen and pounds. The management of the Fund is carried out mainly on the official or regulated markets of the main 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 large capitalization company securities.
General
Fund establishment date
6 April 2001
ISIN bearer class
IT0003162440
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
2%
Annual incentive fee
25% of the Fund's excess return over target return
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 rated at least investment grade and, residually, in bonds rated below investment grade or unrated.
Emerging countries
Limited investment in financial instruments of Emerging Countries.
Currency risk
Active management of currency risk.
Management methods and return objective
Management activity is carried out without predetermined constraints as to the categories of financial instruments in which to invest, within the risk measure established by the manager and represented by the Value at Risk (VaR). The management activity is carried out with a return objective identified in the Bloomberg Barclays Euro TSY-Bills 0-3 Months Index + 1.50%.
Criteria for the selection of financial instruments
Investments are made on the basis of the SGR's expectations on the medium/short term performance of the markets and securities, making frequent adjustments if necessary to the allocation between geographical areas, issuer categories, investment sectors, as well as between equity and bond components (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.