Metzler European Small and Micro Cap/Class A

Transcription

1 Factsheet Calculation date: 28/12/2018 Page 1 Fund Basics ISIN code Fund symbol Fund category Fund currency Management Company Depositary IE00B5M17487 A1JCJW Equity funds Euro Metzler Ireland Limited Brown Brothers Harriman Trustee Services (Ireland) Limited, Dublin Fiscal year 1/10/ - 30/9/ German tax classification equity fund pursuant to Section 2(6) of the Investment Tax Law Fund launch 2/8/2011 Offering price (incl. subscription charge) Dividend type Performance Fee Benchmark Registered for sale Investment Policy EUR Distribution Germany, Austria, Finland, France, Luxembourg, Norway, Spain, Sweden, Switzerland The investment objective of the Fund is to increase the value of its investments over the long term. The Fund will predominantly invest, on a diversified basis, its assets in European equities and equity related securities. Investment focus will be on small and micro cap companies, measured by market capitalisation (the value of the issued shares of a publicly traded company), with long-term growth prospects. - SRRI - Synthetic Risk and Reward Indicator Typically lower rewards Lower risk Typically higher rewards Higher risk Recommended investment horizon 5-10 years Risk Profile The indicated risk category for this Fund is 5 because it is largely invested in equities, thus being exposed to movements in equity markets generally, and to specific movements in regional equity markets (Europe). Expectations of high returns from market and currency gains are offset by high downside risk from equity and currency fluctuations and liquidity risk. An investment in the fund is only suitable for very experienced and very risk-conscious investors who are capable of estimating the risks and the value of the investment. The investor must be prepared and be in a position to accept considerable value fluctuations in the price per share and, potentially, a considerable loss of capital. Contact Details Metzler Ireland Limited Kilmore House Spencer Dock North Wall Quay Dublin 1 Ireland Phone: (+49-69) Fax: (+49-69) metzler-service@metzler.com

2 Factsheet Calculation date: 28/12/2018 Page 2 Prices & Distributions Subscription price Net Asset Value Volume share class Fund volume EUR EUR M. EUR M. EUR Equity participation rate 99.60% Last distribution date - Distribution - Redemption suspended for these target funds Performance Chart 0.00% Model Calculation The investor subscribes an amount of EUR 1,000 on 29/12/2013. In the net model calculation the subscription amount includeds an average subscription fee of 5.00%. A subscription fee of EUR is paid on the individual investment amount at subscription equalling a reduction of 4.76% of the amount invested (calculation: 1,000-[(1,000/105.00)*100] ), fund shares are subscribed for an amount of EUR Moreover, account keeping costs can reduce performance. The gross performance (calculated according to the BVI-method) includes all costs charged to the fund (e.g. management fees) but does not consider costs arising for the investor (e.g. subscription fees and account keeping costs). Performance in % Period YTD 1 month 3 months 1 year 3 years p.a. 5 years p.a. Since fund launch p.a. Fund Performance for 12-month-periods Period Fund 29/12/ /12/ /12/ /12/ /12/ /12/ /12/ /12/ /12/ /12/ /12/ /12/2014* 2.72 *Including subscription fee of 5.00% (net calculation) Asset Allocation as of 28/12/2018 Equities Cash Others 99.60% 1.19% -0.79%

3 Factsheet Calculation date: 28/12/2018 Page 3 Top 10 Countries as of 28/12/2018 Euro zone United Kingdom Sweden Norway Denmark Jersey United States Top 10 Sectors as of 28/12/2018 Industrial Goods & Services Technology Personal & Household Goods Health Care Travel & Leisure Media Automobiles & Parts Retail Utilities Construction & Materials 37.41% 23.77% 18.58% 9.81% 7.28% 1.40% 1.35% 27.82% 22.88% 8.83% 6.37% 6.01% 5.97% 3.42% 3.26% 3.08% 2.83% Top 10 Equities as of 28/12/2018 AKVA GROUP ASA NK 1 M1 KLINIKEN AG O.N. DATA RESPONS ASA NK -,50 ENERGIEKONTOR O.N. NORDIC WATERPR. DK1 ACCESSO TECHNOL.GP LS-,01 F.I.L.A. S.P.A. TECHNOTRANS SE NA O.N. HOLLYWOOD BOWL GRP LS-,01 INVISIO COMMUNIC. AB SK 1 Key Figures as of 28/12/ % 3.52% 3.39% 3.08% 2.83% 2.72% 2.70% 2.58% 2.51% 2.49% Sharpe Ratio 3 years Volatility since fund launch 14.08% Volatility 1 year 16.67% Volatility 3 years 15.56% Volatility 5 years 14.66% Maximum drawdown 3 years % Expenses & Fees Subscription charge 5.00% Redemption Fee not applicable Management Fee p.a. 1.75% Depositary Fee p.a. 0.05% Performance Fee - Ongoing charges* calculation date 30/9/2018 Ongoing charges* 1.91% *The ongoing charges contain all annual operating costs except transaction costs. Paying Agent in Germany B. Metzler seel. Sohn & Co. KGaA Untermainanlage Frankfurt am Main Germany Paying Agent in Austria Erste Bank der oesterreichischen Sparkassen AG Am Belvedere Wien Austria Tax transparent (weiß) reporting fund since: 13/9/2012

4 Factsheet Calculation date: 28/12/2018 Page 4 Spanish Representative and Distributor ALLFUNDS BANK, S.A. Madrid Estafeta, 6 La Moraleja Complejo Plaza de la Fuente Alcobendas Madrid Spain Paying Agent in Finland SKANDINAVISKA ENSKILDA BANKEN AB (publ) HELSINKI BRANCH GTS Financial Institutions Global Transaction Services Finland SEB Merchant Banking Finland Unioninkatu 30, FI Helsinki Finland French Centralising and Financial Agent BNP Paribas Securities Services 3 rue d'antin Paris France Representative and Paying Agent for Switzerland RBC Investor Services Bank S.A. Esch-sur-Alzette, Zurich Branch Bleicherweg Zurich Switzerland Security number: This is marketing information. Investment in investment funds is subject to market risks. Past performance results are no indication of future results. Especially performance results referring to a period of less than twelve months are no reliable indicator for future results due to the short comparison period. Issuance and redemption commissions are not included in the performance figures. The domicile of the Fund is Ireland. For interested parties, the Statues, the Prospectus, the Key Investor Information Documents (KIIDs) as well as the Annual Report and, if applicable, the Semi-Annual Report may be obtained free of charge from the Swiss Representative and Paying Agent in Switzerland. Luxembourg Paying and Branch Representation Agent BNP Paribas Securities Services S.C.A Luxembourg 33, Rue de Gasperich L-5826 Hesperange Luxembourg Paying Agent in Sweden SKANDINAVISKA ENSKILDA BANKEN AB (publ) Custody Services SEB Merchant Banking Sergels Torg 2 SE Stockholm Sweden

5 Factsheet Calculation date: 28/12/2018 Page 5 Fund Manager Market & Fund Comments In the third quarter, the European equity markets were characterized by volatile sideways movement triggered by geopolitical risks and the unresolved trade conflict between the USA and China. In addition, the macroeconomic climate weakened slightly and market players wondered when the long-running economic cycle would come to an end. The broad European market recorded a gain of 1.26% while European small and mid caps underperformed, recording a loss of 0.41%. The fund achieved growth of 1.47% in the reporting period. Fund manager Stefan Meyer, Lorenzo Carcano Fund manager Stefan Meyer joined Metzler in 2006.He is Portfolio Manager in the team Equities and responsible for the investment strategy European small & micro caps. From 2000 to 2006, he worked at Sal. Oppenheim jr. & Cie. AG & Co. KGaA in Cologne, Germany, where he focused on managing European small and mid caps. Mr. Meyer studied international business administration at the International Business School in Bad Homburg, Germany, and in 1999, he received a Bachelor of Science degree from Florida Atlantic University in a dual degree program. Co-fund manager Lorenzo Carcano, CFA, joined Metzler in He is Co-Head of the team Equities and as Portfolio Manager responsible for the investment strategy European small & mid caps. As Portfolio Manager he has been specializing in European equities since Prior to starting as a Portfolio Manager for German equities in 1997, he completed a one-year trainee program at Metzler. Mr. Carcano graduated in economics and business administration (Italian Dottore in Economia e Commercio) from L. Bocconi in Milan/Italy. He also completed the program Goethe Executive MBA in Alliance with Duke in Shares in British Learning Technologies Group gained 47.6% and thus contributed positively to the fund's performance. Shares in Swedish manufacturer of safety helmets MIPS Technologies (40.6%), British fish farmer Scottish Salmon Company (24.3%), Scandinavian building materials manufacturer H+H international (16.1%), and British fitness operator Gym Group (13.37%) all contributed positively to the fund's performance as well. By contrast, shares in Scandinavian company Asetek (-24.2%), the two Swedish companies CTT Systems (-12.3%) and Micro Systemation (-10.9%), as well as German company Technotrans (-11.4%) were disappointing. In the reporting period, we purchased shares in several British companies with business models that offer attractive growth potential for the near future. These included shares in software company Vitec, healthcare communications group Huntsworth, and tech companies Boku and IQE. In exchange, we reduced our stakes in Belgian company Recticel and Swedish company Biotage after good performance. As of September 28, 2018