Threadneedle (Lux) Enhanced Commodities Fund AEH Acc EUR

天利 (盧森堡) - 增值商品基金 AEH類 Acc 歐元

LU0515768454

Risk Rating: Level 5

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

Dealing HoursComplex

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD1,000,000.00Min. Subscription

1.75%

HKD1,000,000.00Min. Subscription

SGD / EUR / GBP / USD

HKD1,000,000.00Min. Subscription

HKD1,000,000.00

HKD1,000,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.49%
3 mth
+2.60%
6 mth
-1.72%
1 yr
-6.87%
3 yr
-14.38%
5 yr
-41.72%

Analytical Figures (3 years)

Annualized Return
-5.04%
Annualized Volatility
+10.81%
Sharpe Ratio
-0.57

Fund Information

Fund Houses
Threadneedle Investments (Luxembourg Fund Series)
Launch Date
2010-06-28
Fund Manager
David Donora
Nicolas Robin
Manager Start Date
David Donora (Start Date: 2010-06-29) Nicolas Robin (Start Date: 2010-06-29)
Geographical Focus
Global
Asset Class/ Sector
Commodity Futures
Risk Rating
Risk Level 5

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-10-30)
USD 393,866,881.36
Management Fee
1.75%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD1,000,000.00Min. Subscription

1.75%

HKD1,000,000.00Min. Subscription

SGD / EUR / GBP / USD

HKD1,000,000.00Min. Subscription

HKD1,000,000.00

HKD1,000,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

The Portfolio seeks to achieve capital appreciation which is directly or indirectly linked to commodity markets.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
Caveat regarding the Name of the Portfolio: The reference to “Enhanced” in the name of the Portfolio does not mean that the Portfolio will outperform other commodity funds, the commodity markets or the benchmark or generate enhanced return. Negative returns may be generated in certain circumstances.
Investment: There is no guarantee that the investment objective of the Portfolio can be achieved. The value of investments can fall as well as rise and investors may not get back the sum originally invested, especially if investments are not held for the long term.
Commodity Investment Risk:
- The Portfolio invests in commodity derivatives rather than physical commodities. Therefore changes in the spot prices of the underlying commodities will not be exactly mirrored in the Portfolio price.
- Commodity indices in which the Portfolio invests are affected by the underlying commodity markets which may perform very differently to traditional securities markets. Prices of commodities may be affected by various factors such as supply and demand, government policies, political and economic events, weather and trade etc. Fluctuations in the prices of commodities and level of the relevant indices may increase the volatility of the Portfolio.
- The Portfolio will gain exposure to commodity indices which derive their price from commodity futures. The price of these futures can be driven by speculators, and therefore may be extremely volatile. Use of Financial Derivative Instruments:
- The Portfolio may invest in financial derivative instruments. Investing in these instruments may involve substantial counterparty risks. If the counterparty defaults on such instruments investors may potentially lose their entire investment.
- The Portfolio invests in assets that are not always readily saleable without suffering a discount to fair value. The Portfolio may have to lower the selling price, sell other investments or forego another, more appealing investment opportunity. In addition, there are risks of mispricing or improper valuation of derivatives.
- In the event of the default of the swap counterparty, the Portfolio will be exposed to the performance and risks of the collateral it held in respect of the swap. There may be no correlation between the collateral and the investment objective and policy of the Portfolio and the Portfolio’s ability to achieve its investment objective will be impaired. Also, a decline in the market value of the collateral will have a direct impact on the Portfolio’s net asset value.
High Level of Leverage: The use of derivatives may lead to a high level of leverage of the Portfolio. Leverage has the overall effect of increasing the volatility of the Portfolio by magnifying positive returns in market conditions that favour the Portfolio, but causing a faster decrease in the value of assets if prices move against the Portfolio. This Portfolio may have a net leveraged exposure of more than 100% of the net asset value of the Portfolio. This may result in total/significant loss to the Portfolio in adverse market conditions or if the relevant strategies fail.
Currency: Where investment is made in assets that are denominated in multiple currencies, changes in exchange rates may affect the value of investments.
Investor Currency: Where investments in the Portfolio are in currencies other than your own, changes in exchange rates may affect the value of your investments.
Counterparty Risk: The Portfolio’s assets are held or invested with selected counterparties of swaps and government securities. Any financial difficulties arising at these counterparties could adversely affect the availability and the value of Portfolio assets.
Credit: The Portfolio is exposed to the credit risk of issuers of bonds or other debt securities that the Portfolio may invest in. Insolvency or default of the issuer would affect the asset value of the Portfolio.
Hedge/Basis: The use of financial derivative instruments for investment, hedging and efficient portfolio management purposes may become ineffective in adverse situations or if the Management Company or the Sub-Advisor judges market conditions incorrectly or employs a strategy that does not correlate well with the Portfolio’s investments. This may result in a significant loss to the Portfolio.
Government Securities:
- As the Portfolio has significant holdings in investment grade government securities such as U.S. Treasury Bills as cover, investors should note that the Portfolio will be exposed to the risks associated with the relevant government securities. In such circumstances, changes in interest rates may affect the Portfolio’s value. In general, as interest rates rise, the price of a government securities (being debt securities) will fall, and vice versa. In addition, the Portfolio’s value would be significantly affected if the issuers of such securities (e.g. the U.S. government) either refused to pay or was unable to pay.
- The Portfolio’s assets are held or invested with selected counterparties. Any financial difficulties arising at these counterparties could adversely affect the availability and the value the Portfolio’s assets.

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