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BlackPoint Evolution Fund A
ISIN: LU2369268425 / WKN: A3CVWB
Issue price
89.13 €
02.12.2022
Redemption price
85.70 €
02.12.2022
Fund assets
213,476,213.21 €
02.12.2022
Category
Multi-Asset
Currency
EUR
Risk Indicator (SRI)
3

Overview & Key Facts

Investment Strategy

The BlackPoint Evolution Fund follows a balanced wealth management approach and is actively managed and therefore does not use indexes as a benchmark. The flexible investment in equities and bonds, in connection with the continuous tactical adjustment of the portfolio, aims to achieve an appropriate participation in rising markets, combined with capital protection in falling markets.

In his strategic asset allocation, the majority is invested worldwide in equities and around a third in bonds. The basis for this is a equities portfolio that combines established and dynamic elite companies - the "DARWIN portfolio". While the established ones are already generating strong earnings in a predictable manner, the potential for higher growth for the dynamic ones often lies in disruptive new business models. This robust combination brings together the resilience and adaptability of these companies. Characteristics that are crucial for successfully surviving different market phases. The consideration of sustainability criteria and the support of the 10 principles of the UN Global Compact Pillars in the areas of human rights, labor standards, environment and corruption prevention are also part of the investment policy.


Possible significant risks of funds in this risk class

Higher price risks in the areas of equities, interest rates and currencies as well as credit risks that can lead to possible capital losses.


Risk Notice: Due to its composition/the techniques used by the fund management, the investment fund has increased volatility, i.e. the unit prices can be subject to greater upward or downward fluctuations within short periods of time.

Key Facts

Category Multi-Asset
Fund domicile/type Luxemburg / FCP UCITS V
Fund currency EUR
Inception date Share classes A, B und C: 03.11.2021, Share class D: 18.10.2021
Fiscal year 01.01. - 31.12.
Administration IPConcept (Luxemburg) S.A.
Custodian DZ PRIVATBANK S.A.
Fund manager BlackPoint Asset Management GmbH
Sales approval DE, AT, LU
Trade daily (cut off: 2:00 p.m. CET)
Min. initial inv. Share classes A and B: none, Share class C: 5.0 Mil. €, Share class D: 50.0 Mil. € (closed)
Use of income distributing
Target fund eligible yes
Partial exemption[1] 15% (private investors)

Costs

Upfront fee[2] Share class A: max. 4%, Share classes B, C and D: none
Ongoing chargesp.a. Share class A: 2.18% / B: 1.78% / C: 1.09% / D: 0.90%
Performance fee none

Target Market[3]

Investor type Private/Professional clients / Eligible counterparty
Knowledge Basic knowledge and/or experience with financial products
Investment goals General wealth formation / Wealth optimization
Loss-Bearing Capacity The investor can bear losses (up to the complete loss of the invested capital).
Risk Indicator (SRI) 3
Risk profile[4] Growth oriented
Recommended Holding Period Long term (> 5 yrs)
SFDR Sustainability, ESG/Green Investment (Art. 8)

[1] The partial exemption serves to offset certain taxes already levied at the fund level. The fund's taxable income, e.g. in the case of a distribution, is therefore tax-free up to the stated percentage. For more information on this: https://www.bvi.de/faq/faq-besteuerung-von-investmentfonds/ (Source: BVI Bundesverband Investment und Asset Management e.V.)

[2] In favor of the respective intermediary

[3] There is no negative target market classified for this fund. The gray target market is not represented on this website.

[4] The BlackPoint Evolution Fund sub-fund managed by the management company is assigned to the “growth-oriented” risk profile. The risk profile description was prepared on the assumption of normally functioning markets. In unforeseen market situations or market disruptions due to non-functioning markets, more extensive risks than those mentioned in the risk profile can arise. The sub-fund is suitable for growth-oriented investors. Due to the composition of the net sub-fund assets, there is a high overall risk, which is offset by high income opportunities. The risks can consist in particular of currency, credit and price risks, as well as risks resulting from changes in market interest rates.

Return

Performance Chart

Performance (as of 02.12.2022)

1 Month2.71%
3 Months-0.63%
6 Months-2.49%
YTD-14.92%
1yr-12.82%
Since inception-14.30%

Performance of the past 12-month periods (as of 02.12.2022)

On the day of launch (initial fee)3.85%
02.12.2021 - 02.12.2022-12.82%
 20222021
Jan-6.21%
Feb-2.97%
Mar1.66%
Apr-1.51%
May-3.78%
Jun-3.67%
Jul4.88%
Aug-2.54%
Sep-5.19%
Oct1.20%
Nov1.20%-0.01%
Dec1.52%0.74%
YTD-14.92%0.73%

The performance information in the past 12-month periods refers to the specified 12-month periods. On days that fall on a public holiday or a weekend, the rate of the previous day or the last available rate will be used, as it is not possible to determine the rate on these days. Past performance is not a reliable indicator of future performance. Assumption: An investor wants to buy shares for 1000 euros. With a maximum front-end load of 4.00%, he must spend EUR 1,040.00.

The gross performance (BVI method) takes into account all costs incurred at fund level; the net performance also includes the front-end load; further costs may be incurred at investor level (e.g. custody account costs). Since the front-end load is only incurred in the first year, the gross/net presentation only differs in this year.

Portfolio

Portfolio structure

As of: 30.11.2022

Equity
Equities Europe17.18%
Equities USA29.64%
Equities EM2.39%
Equities Asia/Other0.00%
Bonds
Corp. Bonds IG14.88%
Corp. Bonds HY/NR11.70%
Gvt. Bonds DM8.73%
Cov. Bonds0.00%
Bonds EM3.76%
Other
Other/Gold4.24%
Cash
Cash7.48%

Key Facts Equity Portfolio

# Holdings40
MarketCap (EUR b)475,157
Dividend Yield2,26%
PE18,2

Key Facts Bond Portfolio

# Holdings (Issuers)81 (65)
Duration to Worst5,4
Coupon2,55%
Yield to Maturity5,22%
Yield to Worst5,20%

Top 10 Holdings

in % of total assets

Microsoft3.57 %
Physical Gold3.18 %
Coca-Cola2.71 %
Pl. Cat Bond2.67 %
Allianz2.46 %
Novo Nordisk2.41 %
Apple2.18 %
Alibaba2.17 %
Unilever2.12 %
LVMH2.04 %

Currencies

in % of total assets

EUR67.20 %
USD (net)23.33 %
CHF3.26 %
GBP2.78 %
DKK2.41 %
SEK1.02 %

Sectors Equity Portfolio

in % of equity portfolio

Information Technology25.30 %
Health Care23.65 %
Consumer Discretionary15.30 %
Consumer Staples11.40 %
Industrials9.94 %
Financials8.58 %
Communication Services5.83 %
Materials0.00 %

Sectors Bond Portfolio

in % of bond portfolio

Government28.90 %
Consumer Staples16.61 %
Consumer Discretionary12.13 %
Financials11.85 %
Communication Services11.29 %
Other6.40 %
Information Technology4.50 %
Utilities3.05 %
Industrials2.30 %
Materials1.87 %
Energy1.10 %

Countries Equity Portfolio

in % of equity portfolio

United States of America59.89 %
Germany11.95 %
United Kingdom5.65 %
Denmark4.90 %
China4.41 %
France4.15 %
Switzerland3.86 %
Netherlands2.34 %
Sweden2.07 %
Canada0.79 %
Belgium0.00 %
Other0.00 %

Countries Bond Portfolio

in % of bond portfolio

United States of America46.79 %
Other16.71 %
France6.35 %
United Kingdom6.07 %
Germany5.89 %
Sweden4.20 %
Luxembourg3.71 %
Spain3.66 %
Australia2.61 %
Spain2.33 %
Italy1.69 %

Rating

in % of bond portfolio

BBB35.32 %
AAA23.85 %
BB12.90 %
NR12.16 %
B10.85 %
AA2.76 %
A2.15 %

Data as a percentage of the fund volume, unless otherwise stated. You can obtain the complete composition of the portfolio structure from BlackPoint Asset Management GmbH, Herrnstr. 44, 80539 Munich and at the fund administration company of BlackPoint Evolution Funds, IPConcept (Luxemburg) S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg.

MiFID II

MiFID II Product Information

Since January 3, 2018, investment services firms offering investment services under Directive 2014/65/EU (Markets in Financial Instruments Directive – “MiFID II”) have had to meet certain new requirements regarding the distribution of investment funds under of the respective implementing laws in the individual member states of the European Union.

According to these rules, investment services companies are obliged to determine or check and more precisely determine the target market for each financial instrument they sell. This means they must specify the type(s) of clients with whose needs, characteristics and objectives the financial instrument is compatible. Furthermore, MiFID II introduces new disclosure requirements with regard to costs, which are aimed at increasing cost transparency for investors on both a quantitative and qualitative level. Accordingly, investment services companies must disclose all relevant costs to the customer, i. H. both in terms of investment services and in terms of the product. These costs must be summarized and made available both ex ante (i.e. before the customer purchases a product) and sometimes also ex post during the holding period on at least an annual basis.

The capital management company of the BlackPoint Evolution Fund, IPConcept (Luxembourg), supports this process by providing the relevant data to the investment services companies in order to enable them to fulfill their new legal obligations.

Important instructions

In the interest of increased transparency, the target market information and essential information on the product costs under MiFID II are also given above in the "Overview" area for the investment fund in question. These are provided on a voluntary basis and are to be taken on their own, without further explanations and additional information, i. H. in particular, the information contained in the relevant sales documents of the investment fund (e.g. sales prospectus, key investor information) may not be sufficient or appropriate to assist a potential investor in making an informed investment decision. It is therefore recommended that investors also carefully read the sales documents before making any investment decision and, especially if they have any questions, consult their investment advisor.

The information on the ongoing product costs may differ from the information on costs in the relevant sales documents of the investment fund (e.g. the key investor information). This is because the requirements to disclose ongoing charges and fees at product level under the new MiFID II rules on the existing disclosure requirements that asset management companies have under their respective regulatory frameworks (i.e. the UCITS Directive and their respective national implementing laws ) apply, go out. For example, the estimated transaction costs of an investment fund are not part of the ongoing charges description in the key investor information document prepared by the management company. However, under MiFID II, an investment services enterprise must disclose such costs as part of the cost of the product well in advance of a potential investor making an investment decision. As such, the ongoing charges relating to the product shown above as “Total Ongoing Charges of the Product” may differ from the Fund's sales documentation due to differences in calculation and disclosure methodology.

BlackPoint Asset Management GmbH assumes no responsibility or liability with regard to the data, except in the case of gross negligence or willful misconduct.

Willkommen bei BlackPoint Asset Management
Welcome to BlackPoint Asset Management

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Important Information

You can invest in the BlackPoint Evolution Fund directly and securely online and always keep an eye on your investment thanks to daily transparency. This works with just a few clicks via BlackPoint digital, a service offered by FINTEXLAB, a brand of WMD Capital GmbH (HRB 226421 Commercial Register Munich), in cooperation with BlackPoint Asset Management GmbH.