Investment Funds

Description

The Fund may invest in markets worldwide and is not subject to any limitations regarding emerging markets or market liquidity. No thresholds have been set for maximum exposure to fixed income equity securities or currencies other than the euro. The portfolio will be made up of short-term bonds (treasury bills), long equity futures traded on organized markets and a systematic hedging strategy (put spread). The portfolio's average turnover and exposure to the various assets will be adapted to the Investment Committee's expectations.The overall exposure to derivatives will be measured by absolute VaR, a measure of risk that, referenced to a probability and a timeframe, indicates the loss that may be exceeded by an investment portfolio. A maximum 1-month VaR of 20% will be used, implying a maximum estimated loss (99% confidence) of 20% per month. The expected leverage is 100% and the maximum 500%.Investing in assets with limited capitalisation or a low rating can restrict the liquidity of the Fund.The recommended time horizon is 5 years.

Behavior

Annual return

  • 2023
  • -
  • 2022
  • -
  • 2021
  • -
  • 2020
  • -
  • 2019
  • -

Return

  • 1 month
  • 2.82%
  • 3 months
  • 2.63%
  • 6 months
  • 2.83%
  • 1 year
  • -
  • APR 3 years
  • -
  • APR 5 years
  • -

*Past performance is not a reliable indicator of future performance.

Profitability scenarios

What you get from this product will depend on future market trends, which are uncertain and cannot be accurately predicted. The unfavourable, moderate and favourable scenarios shown are examples based on the lowest, average and highest performance of an appropriate benchmark over the past 10 years. Markets could perform very differently in the future.

Recommended holding period: 5 year/s

Investment amount: €10,000

Minimum: There is no guaranteed minimum return. You could lose some or all of your investment.

2023-07-31
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10588€
10890€
-6.1%
-0.3%
1.2%
1.7%
2023-08-31
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10588€
10890€
-6.1%
-0.3%
1.2%
1.7%
2023-09-30
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10588€
10879€
-6.1%
-0.3%
1.2%
1.7%
2023-10-31
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10588€
10938€
-6.1%
-0.3%
1.2%
1.8%
2023-11-30
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10588€
10938€
-6.1%
-0.3%
1.2%
1.8%
2023-12-31
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10588€
11100€
-6.1%
-0.3%
1.2%
2.1%
2024-01-31
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10599€
11100€
-6.1%
-0.3%
1.2%
2.1%
2024-02-29
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10599€
11100€
-6.1%
-0.3%
1.2%
2.1%
2024-03-31
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10599€
11100€
-6.1%
-0.3%
1.2%
2.1%
2024-04-30
Amount after deducting costs
Average yield
SCENARIOS
1 year
Stress
Unfavourable
Moderate
Favourable
6950€
9630€
10100€
10690€
-30.5%
-3.7%
1%
6.9%
5 years
Stress
Unfavourable
Moderate
Favourable
7288€
9861€
10599€
11100€
-6.1%
-0.3%
1.2%
2.1%

The figures presented include all costs for the product itself, but may not include all costs that you have to pay to your consultant or distributor. These figures do not take into account your personal tax position, which may also influence the amount you receive. The stress scenario shows what you could receive in extreme market circumstances.

Liquidating value

Return between 28/07/2023 - 20/06/2024
4,243 %

VLP query between two dates:

Search

Fund detail

ISIN

ES0114532007

Address

España

Currency

EUR

Class

-

Minimum investment

0 EUR

Investment to be maintained

0 EUR

CNMV Category

Global

CNMV registry no.

5792

Assets

35,70

Participants

2.285

Net asset value a

6,20 EUR