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Amundi Funds Asia Equity Concentrated - a Usd

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Amundi Funds Asia Equity Concentrated - a Usd AMUNDI FUNDS ASIA EQUITY CONCENTRATED - A USD MONTHLY REPORT 31/08/2021 Objectives and Investment Policy * The Sub-Fund is a financial product that promotes ESG characteristics pursuant to Article 8 of the Disclosure Regulation. To achieve long-term capital growth. The Sub-Fund invests at least 67% of assets in equities and equity-linked instruments of companies that are headquartered, or do substantial business, in Asia (excluding Japan and including China). Investments in Chinese equities can be made either through authorised markets in Hong Kong or through the Stock Connect. The Sub-Fund may invest up to 10% of net assets in China A shares and B shares (combined). The Sub-Fund may invest in China via the R-QFII licence system. There are no currency constraints on these investments. The Sub-Fund may use derivatives for hedging and efficient portfolio management. Benchmark : The Sub-Fund is actively managed and seeks to outperform the MSCI AC Asia ex Japan Index. The Sub-Fund is mainly exposed to the issuers of the benchmark, however, the management of the Sub-Fund is discretionary, and will invest in issuers not included in the benchmark. The Sub-Fund monitors risk exposure in relation to the benchmark however the extent of deviation from the Benchmark is expected to be material. The Sub-Fund will hold a more concentrated portfolio than its reference benchmark. The level of correlation with the index may limit the extent to which the performance of the portfolio deviates from that of the reference benchmark. Further, the Sub-Fund has designated the benchmark as a reference benchmark for the purpose of the Disclosure Regulation. The Benchmark is a broad market index, which does not assess or include constituents according to environmental characteristics, and therefore is not aligned with the environmental characteristics promoted by the Sub-Fund. Management Process : The Sub-Fund integrates Sustainability Factors in its investment process as outlined in more detail in section "Sustainable Investment" of the Prospectus. The investment team actively manages the Sub-Fund's concentrated portfolio by combining top-down and bottom-up strategies: geographical allocation and equity selection based on growth potential and valuation. The Sub-Fund seeks to achieve an ESG score of its portfolio greater than that of the Benchmark. The accumulation share automatically retains, and re-invests, net investment incomes within the Sub-Fund when the distribution share pays dividends in September of each year. The minimum recommended holding term is 5 years. Shares may be sold or redeemed (and/or converted) on any dealing day (except otherwise stated in the prospectus) at the respective dealing price (net asset value) in accordance with the articles of incorporation. Further details are provided in the prospectus of the UCITS. /!\ NB: The capital and/or return is/are not guaranteed or protected * This is a reference to the investment policy set out in the key information document. Risk & Reward Profile (SRRI) Important risks materially relevant to the Sub-Fund which are not adequately captured by the indicator: Credit risk: represents the risks associated with an issuer’s sudden downgrading of its signature’s quality or its default. Liquidity risk: in case of low trading volume on financial markets, any buy or sell trade on these markets may lead to important market variations/fluctuations that may impact your portfolio valuation. The SRRI represents the risk and return profile as presented in the Key Investor Information Counterparty risk: represents the risk of default of a market participant to fulfil its Document (KIID). contractual obligations vis-à-vis your portfolio. Operational risk: this is the risk of default or error within the different service providers involved in managing and valuing your portfolio. The risk level of this Sub-Fund mainly reflects the market risk arising from investments in Emerging Markets risk : Some of the countries invested in may carry higher political, Asian equities. legal, economic and liquidity risks than investments in more developed countries. Historical data may not be a reliable indication for the future. The occurrence of any of these risks may have an impact on the net asset value of your Risk category shown is not guaranteed and may shift over time. portfolio. The lowest category does not mean ‘risk free’. Your initial investment does not benefit from any guarantee or protection. Key Information (source : Amundi) Information Net Asset Value (NAV) : (A) 41.84 ( USD ) Sub-fund launch date : 28/12/1990 (D) 40.87 ( USD ) Share-class inception date : 28/12/1990 Assets Under Management (AUM) : 250.83 ( million USD ) Date of the first NAV : 04/01/1993 NAV and AUM as of : 31/08/2021 Type of shares : (A) Accumulation Frequency of NAV calculation : Daily (D) Distribution ISIN code : (A) LU0119085271 Minimum first subscription / subsequent : 1 thousandth(s) of (a) share(s) (D) LU0119085867 Minimum recommended investment period : 5 years Reuters code : (A) LP60030896 (D) LP60053601 Charges taken from the Sub-Fund over a year Bloomberg code : (A) CAASGAC LX (D) CAASGDC LX Ongoing charges : 2.05% ( realized ) Share-class reference currency : USD Benchmark : MSCI AC Asia ex Japan One-off charges taken before or after you invest Management Company : Amundi Luxembourg SA Legal structure : UCITS under Luxembourg law Entry charge (maximum) : 4.50% UCITS compliant : UCITS Exit charge (maximum) : 0.00% Conversion charge : 1.00 % Swing Pricing : Yes Charges taken from the Sub-Fund under certain specific conditions Performance fee : 20.00% a year of any returns the Sub-Fund achieves above MSCI AC Asia ex Japan. Over the last accounting year, a performance fee of 0.26% was charged. ■ www.amundi.com For "retail" investors information AMUNDI FUNDS ASIA EQUITY CONCENTRATED - A USD MONTHLY REPORT 31/08/2021 Returns Performance evolution (rebased to 100) from 04/01/1993 to 31/08/2021(1) Risk analysis (rolling) 1000 1 year 3 years 5 years A B C Portfolio volatility 19.33% 20.78% 18.70% Benchmark volatility 18.55% 19.57% 17.43% Volatility is a statistical indicator that measures an asset’s 800 variations around its average value. For example, market variations of +/- 1.5% per day correspond to a volatility of 25% per year. 600 Top ten issuers (% assets) * 400 % asset TAIWAN SEMICOND MANUFG -TSMC 8.88% SAMSUNG ELECTRONICS CO LTD 5.71% 200 TENCENT HOLDINGS LTD 5.35% ALIBABA GROUP HOLDING LTD 4.87% AIA GROUP LTD 3.33% RELIANCE INDUSTRIES LTD 2.32% 0 AMUNDI HK-NEW GEN A-PAC EQ DIV 1.98% 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 9 9 9 9 9 9 9 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 2 2 / / / / / / / / / / / / / / / / / / / / / / / / / / / / / ICICI BANK LTD 1.87% 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LI NING CO LTD 1.87% Portfolio Benchmark INFOSYS LTD 1.76% Total 37.94% A : During this period, the reference indicator was "MSCI AC Far East ex Japan". * It is possible that the funds presented in the portfolio are B : Since the beginning of this period, the reference indicator is "MSCI AC Asia Ex Japan" not available in Belgium; please check with your investment C : Since the beginning of this period, the sub-fund applies the current investment policy. adviser Cumulative return and annualised return (1) (2) (3) Fund statistics (Source : Amundi) YTD 1 month 3 months 1 year 3 years 5 years Since 94 Since 31/12/2020 30/07/2021 31/05/2021 31/08/2020 31/08/2018 31/08/2016 04/01/1993 Total portfolio holdings Portfolio -1.37% 1.95% -6.86% 15.68% 8.51% 9.32% 5.84% Benchmark 0.68% 2.29% -5.50% 17.61% 10.23% 11.43% 6.99% Spread -2.04% -0.34% -1.36% -1.93% -1.72% -2.11% -1.14% Calendar year performance (1) (2) 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Portfolio 28.55% 14.70% -19.61% 43.56% 1.71% -8.75% 0.90% 6.18% 18.70% -21.87% Benchmark 25.02% 18.17% -14.37% 41.72% 5.44% -9.17% 4.80% 3.07% 22.36% -17.31% Spread 3.53% -3.47% -5.24% 1.84% -3.73% 0.42% -3.90% 3.11% -3.66% -4.56% (1) Source: Amundi: All the performance data provided above is calculated based on the net asset value in the reference currency of the class (US dollar), dividends reinvested. Returns in euro may decrease or increase according to exchange rate fluctuations between the US dollar and the euro. The returns and changes in net asset value indicated relate to past years and are not a reliable indicator of future returns. Performance is shown excluding the fees and commissions borne by the investor. The value of the investments may rise or fall according to market trends. Annual returns cover a full period of 12 months for each calendar year. For comparison purposes, the NAV charts are prepared based on the assumption that the net asset value and the index value are equal to 100 at the starting date of the chart period. (2) Returns are calculated net of the taxes applicable to the average retail client classed as a natural person residing in Belgium and the tax regime in question applies to this type of person.
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