H2O Multistrategies R C
FCP domiciled in France
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: FCP

This fund seeks long-term capital growth, and its management object is to outperform the following benchmark within a recommended three-year investment horizon: 30% of the MSCI World All Countries index (with net dividends reinvested): this equities index represents the main world capitalizations of the developed and emerging countries. It is denominated in euros, and is not hedged for exchange risk. 70% of the JP Morgan Government Bond Index Broad: this index is composed of government international bond issues with a minimum rating of BBB- (Standard and Poor’s rating) or the equivalent. It is denominated in euros, and is not hedged for exchange risk. The benchmark is therefore denominated in euros, and is not hedged for exchange risk. Furthermore, it in no way prejudges the stock allocation policy used by the fund managers, but it enables the investor to gauge the risk profile he can expect when investing in this fund. This is because the fund's investment policy, in compliance with European rules, is based on a highly dynamic management style seeking performance from all the international interest-rate, equity and currency markets, regardless of market environment. The management team sets up directional strategies (tracking the general direction of markets), taking both relative and arbitrage positions (to take advantage of movements in the markets relative to each other) on the interest-rate, equity and currency markets. That team actively diversifies its investments outside the benchmark's universe. The fund manager's investments on the interest-rate markets remain within a sensitivity range of4 to +10. Sensitivity is measured as the ratio between price changes and rate changes. Exposure to equity markets ranges between10% and +50% of net assets. The AMF classification of this FCP is: Diversified. The fund may be exposed to all currencies, bonds of any kind (e.g. bonds from State or corporate issuers, regardless of their financial rating), equities and securitization vehicles. Such exposures may cover all geographical zones, in both developed countries (e.g. the euro zone, the United Kingdom, the United States and Japan) and emerging countries. 􀂃 The FCP accumulates its revenues. An investor may redeem his units every day, by 12:30 p.m.

Morningstar Rating
N/A
More information about the calculation of the Morningstar Ratings
Risk and reward profile
7
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 09/07/2020148.97
Morningstar categoryAlt - Global Macro
CurrencyEUR
Distribution statusAccumulating
ISINFR0010923383
Inception Date23/08/2010
Minimum initial amount100.00 EUR
Fees And Charges
Entry fee5.000000%
Custody feeNone
Exit feeNone
Ongoing charge1.54% of which 0.65% is paid to MeDirect
Fund management company
AddressH2O AM LLP 10 Old Burlington Street London W1S 3AG United Kingdom
Manager NameVincent Chailley
Manager Start Date23/08/2010
Websitewww.h2o-am.com
Total Net Assets (mil)387.07 EUR (30/06/2020)
UCITSYes
Administrator-

Documents

Prospectus
en 07/10/2019
Annual Report
en 29/03/2019
Semi Annual Report
en 30/09/2019
Morningstar Report
12/07/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year-55.09%09/07/2020
3 years-18.11%09/07/2020
5 years-2.42%09/07/2020
Since launch4.12%09/07/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-62.36
1 month-8.13
3 months20.85
6 months-63.39
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-70.66%25.81%--
20192.42%-3.44%21.04%8.29%
20186.41%-1.68%-3.59%6.17%
20176.05%7.07%4.85%1.58%
2016-13.43%-11.89%11.17%30.07%
Dividend

Asset Allocation
% Long% Short% Net Assets
Stock19.29%12.93%6.36%
Bond102.43%5.54%96.88%
Cash563.30%573.92%-10.62%
Other8.59%1.21%7.38%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
73.6748.4841.28
Sharpe Ratio
-0.42-0.090.19
Sortino Ratio
-0.47-0.100.22
Positive Months7.0021.0037.00
Negative Months5.0015.0023.00
Worst Month-64.94-64.94-64.94
World Regions
Region%
United States13.92
Japan1.47
Eurozone0.31
Australasia0.09
United Kingdom0.06
Africa0.06
Europe - ex Euro0.05
Canada0.04
Latin America0.00
Asia - Emerging0.00
Asia - Developed0.00
Europe - Emerging0.00
Stock Sector Weighting
Sector% of Equity
Consumer Cyclical
4.56
Technology4.08
Financial Services2.48
Healthcare1.73
Industrials1.20
Communication Services0.97
Consumer Defensive
0.51
Basic Materials0.34
Real Estate0.07
Energy0.04
Utilities0.04
Top 10 Holdings
HoldingSectorCountry% of Assets
Mexico (United Mexican States) 10% 05/12/2024Mexico16.62
Long-Term Euro-BTP Futures Sept19 06/09/201912.55
Mexico (United Mexican States) 7.5% 03/06/2027Mexico12.47
Greece (Republic Of) 3.5% 30/01/2023Greece9.47
Mexico (United Mexican States) 8.5% 31/05/2029Mexico7.56
Italy (Republic Of) 4.75% 01/09/2044Italy5.77
Greece (Republic Of) 3.75% 29/01/2028Greece4.60
Mexico (United Mexican States) 7.75% 29/05/2031Mexico4.16
Italy (Republic Of) 5% 01/03/2025Italy4.07
Avatera Medical Investment 3.91
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
148.97
Closing Price
All key information and documents must be reviewed before being able to Invest.