AgoraFlex
Classe R

Performance


Performance history

Year to date

Since the launch


History of performance

Year

Yield

AgoraFlex
Classe R

Mutual fund under Italian law harmonised with Directive 2009/65/EC.

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.

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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.