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Vitrio Real Return

 

 

Vitrio Real Return

 

Email: vitrio@quadrigafunds.es

Phone: +91 791 79 17

 

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Absolute Return Fund

 

Vitrio Real Return Class A LU0762866803
Vitrio Real Return Class B LU0762867017

 

PERFORMANCE

NAV Evolution

Historical monthly returns

Net Asset Value and Returns

Net Asset Value and Returns

*Past postive returns do not guarantee future positive returns

Fund´s objective

The objective of the fund is a real return of 2%-6% (above inflation) net of fees in the long term. This target is similar to long term performance of developed markets´ equities. Proprietary research/valuation provides the best asset/strategy to achieve the goal while minimizing risks.

How do we invest?

  • The fund invests in European and U.S. bonds and equities through long only and long/short strategies.
  • The fund targets equity returns in the long-term with a much-reduced risk. It will allocate to the different assets/strategies in an unconstrained manner, based on top-down macro and valuation analysis as well as bottom-up micro research.
  • The fund has the flexibility to be fully invested and with no shorts. When valuations are very cheap, usually at early stages of an economic cycle, the fund will allocate to cheap assets with a predictable return.
  • Maximum net exposure will not exceed 100%
  • Maximum gross exposure will not exceed 200%
  • Bond portfolio: Normal position size 2-3%, with a maximum of 10%
  • Long equity portfolio: Typically 20-30 stocks, normal position size 2-3%, with a maximum of 10%
  • Short equity portfolio: Typically 20-30 stocks, normal position size 2-3%, with a maximum of 10%

Investment Universe:

Equities: European, UK and U.S. big and medium capitalization stocks (1600 stocks)

Bonds: Bonds issued in EUR, GBP and USD by companies and governments of developed countries.

Reasons for choosing this fund:

1.- A differentiated approach to absolute return strategies

2.-Downside protection when traditional assets are expensive. Historically Vitrio has more downside protection than bonds.

3.- Uncorrelated to traditional assets

4.- Superior risk-adjusted returns relative to peers and other asset classes

5.- A highly experienced-management team with a consistent track record through many different market environments and huge experience in the asset classes and strategies of Vitrio

6.- Strong alignment of the principals of the fund with long term performance as all their investable wealth is invested in the fund

7.- One management team covers the whole investment process. Different from traditional multi-manager approach where individual benchmarks encourage excessive risk taking at the wrong time.

CHARACTERISTICS

As of 31st January 2019

Fixed income allocation

Equities Allocation (Short Portfolio)

Equities Allocation (Long portfolio)

Currency exposure

ADDITIONAL INFORMATION

Vitrio Real Return A

  • ISIN
  • LU0762866803
  • Management fee
  • 0%
  • Success fee
  • 0% with HWM
  • Withdrawal fee
  • 0%
  • Type
  • UCITS V
  • Liquidity
  • Daily
  • Minimum investment
  • 100€
  • Inception date
  • June 2012
  • Term investment
  • 3-5 years
  • Auditor
  • KPMG
  • Depositary bank
  • Société Générale
  • Category
  • Absolute Return
  • Administrator
  • Société Générale
  • Bloomberg Code
  • AVTRRAC LX
  • Address
  • Luxembourg

*Class A only for partners

Vitrio Real Return B

  • ISIN
  • LU0762867017
  • Management fee
  • 0,5%
  • Success fee
  • 10% with HWM
  • Withdrawal fee
  • 0%
  • Type
  • UCITS V
  • Liquidity
  • Daily
  • Minimum investment
  • 100€
  • Inception date
  • June 2012
  • Term investment
  • 3-5 years
  • Auditor
  • KPMG
  • Depositary bank
  • Société Générale
  • Category
  • Absolute Return
  • Administrator
  • Société Générale
  • Bloomberg Code
  • AVTRRAC LX
  • Address
  • Luxembourg

DOCUMENTS

MEET THE TEAM

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