Provalia Income Selection Fund

Transcription

1 Provalia Income Selection Fund PCA SICAV-SIF, SCA Managed by PCA PROVALIA A Luxembourg Investment Manager PCA SICAV-SIF, SCA is reserved to Well Informed Investors within the meaning of article 2 of the 2007 Act on specialized investment funds

2 Income Strategy Over the long term, the Income Selection strategy clearly outperforms the stock market with a much lower volatility. Performance The return of the Income Strategy is over 5% annualized over the last 10 years compared to an annualized total return for Stocks of close to 2.5%. (Eurostoxx dividend reinvested) Performance derives essentially from the income generated from interest coupons on bonds and dividends on high income equities. Lower Volatility The Income Strategy has a volatility close to 3 times lower than the stock market. Drawdowns are lower for the income strategy, Generally 3 to 4 times less than for the stock market. Performance graph Income Selection Strategy Euro Stoxx Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Starting January 2006.The performance indicated for the strategy below is calculated using the following combination of bond indexes and equity indexes. Total Bonds : 85% (US investment Grade 21.25% - US High Yield 21.25% European Investment Grade 21.25% - European High Yield21.25%) Total Equity 15% (US high dividends equities : 7.5% - European high dividend equities 7.5%). October 2015 the performance is for Share class A1.Starting November 2015 the performance is for Share class EUR- Inst 1

3 Provalia Income Selection Fund Provalia Income Selection Fund offers a more predictable & stable return for investors while lowering volatility and exposure to strong adverse market conditions. Income Generation The fund focuses solely on regular income generation investments in order to offer, over the medium term, a more predictable & stable return for investors while lowering volatility and exposure to strong adverse market conditions. Diversified The Fund maintains a high level of diversification by investing over multiple sectors, countries, maturities and ratings in order to reduce the impact of market volatility. Target Allocation The main sources of income are Developed Market Bonds with a minimum allocation of 80% complemented by High Income Equities. The bond allocation is focused on corporate bonds issued in Europe and in the US with a target yield of 4% to 8%. The equity allocation is focused on income stocks that display high dividends and/or share buybacks on the European and US markets. Flexible Currency Platform The fund has no material exposure to foreign exchange. Share classes are currency hedged and are available in 4 major currencies: EUR USD CHF GBP Risk Management The strategy aims to offer a steady return for investors and wealth managers while lowering volatility and weathering strong adverse market conditions much better than equity markets. 2

4 Investment Manager A team of investment professionals with a solid track record, dedicated to providing high end investment solutions to investors and advisors. The Provalia Expertise Provalia was originally created in Switzerland in 2008, by a team of professional asset managers that aim to offer their experience, knowledge and expertise across all asset classes. A truly independent and focused structure crafted with the belief that remaining close to the clients present and future needs, is the best guarantee to ensure that their capital and wealth is managed to the best market standards. At Provalia, we take a step beyond the mere financial relationship; we are dedicated to provide a full and high-end investment service by offering a direct partnership between investors and asset managers. Investment Manager PCA Provalia Luxembourg was created to offer the income strategy expertise of Provalia through a dedicated fund structure. PCA Provalia Luxembourg is the investment manager of the Provalia Income Selection Fund. PCA Provalia Sarl 2 Boulevard de la Foire L-1528 Luxembourg 3

5 Security of Fund Assets Custodian ABN AMRO Luxembourg has been appointed as Custodian of the Fund. The bank is supervised by the CSSF. The custodian is responsible for safekeeping the Fund s cash and positions, and managing subscription and redemption monies. Administrator APEX FUND SERVICES (Luxembourg branch) has been appointed as Administrator and transfer agent of the fund. The administrator calculates and publishes the Net Asset Value of the fund. The transfer agent maintains the investor registry. ABN AMRO Luxembourg 46 Avenue J.F.Kennedy L-1855 Luxembourg APEX FUND SERVICES 2 Boulevard de la Foire L-1528 Luxembourg Auditor Deloitte Audit S.A is the auditor of the fund and performs regular checks as well as the annual audit and filling to the CSSF. Legal Advisor Chevalier & Sciales acts as legal advisor for the fund. Deloitte Audit S.A 560, Rue de Neudorf L-2220 Luxembourg Chevalier & Sciales 51, Route de Thionville L-2611 Luxembourg Swiss Legal Representative CACEIS (Switzerland) acts as Swiss Representative for the Fund. Swiss Paying Agent CACEIS Bank Luxembourg (Nyon Branch) acts as Paying Agent for the Fund. CACEIS investor Services Route de Signy Nyon Switzerland CACEIS Bank Luxembourg (Nyon branch) Route de Signy Nyon Switzerland The fund only uses tier 1 service providers all based in Luxembourg and Switzerland. 4

6 Fund Facts Regulation Regulated in Luxembourg by the CSSF (Commission de Surveillance du Secteur Financier). Dealing & Valuation Frequency The fund is valued on a monthly basis. The net asset value is calculated on the last business day of each month. Currency Charges An entry fee of maximum 2% may apply on all Classes. Class EUR5, CHF5, USD5 and GBP5 : Exit penalty if 5% reducing by 1% per annum over each of the first 5 years. Annual management fee from 1.25% to 1.85% depending on the share class. Share classes are available in Euros, Swiss Francs, US Dollars and Pound Sterling. Subscription Minimum subscription is EUR or equivalent in other currencies. Dealing day is the first business day of each month. 5

7 PCA SICAV-SIF, SCA is reserved to Well Informed Investors within the meaning of article 2 of the 2007 Act on specialized investment fundsif the individual or institution believes he does not qualify as a Well Informed Investors within the meaning of article 2 of the 2007 Act on specialized investment funds, He must return the document to PCA SICAV-SIF, SCA or PCA Provalia S.a.r.l. The information and opinions contained in this document are for background purposes only, do not purport to be full or complete and do not constitute investment advice. This document does not constitute or form part of any offer to issue or sell, or any solicitation of an offer to subscribe or purchase, any investment nor shall it or the fact of its distribution form of the basis of, or be relied on in connection with, any contract therefore. No reliance may be placed for any purpose on the information and opinions contained in this document or their accuracy or completeness. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this document by any of PCA Provalia Sarl, its partners, employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. Any data, facts or opinions contained in this presentation may be changed after issue at any time without notice. Past performance is no guide to or guarantee of future performance. PCA Provalia Sarl 2 Boulevard de la Foire L-1528 Luxembourg Contact info@pca-provalia.com