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    insight_broad_opportunities_2024_04

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    insight_broad_opportunities_2024_04

    Uploaded by

    Aditya Jadhav
    6 views2 pages

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    Copyright:

    © All Rights Reserved
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    6 views2 pages

    insight_broad_opportunities_2024_04

    Uploaded by

    Aditya Jadhav

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    FOR PROFESSIONAL INVESTORS ONLY.

    FOR A FULL LIST OF APPLICABLE RISKS, INVESTORS SHOULD REFER TO


    THE PROSPECTUS OR OTHER OFFERING DOCUMENTS.

    BROAD OPPORTUNITIES FUND


    30 April 2024

    FUND OBJECTIVE FUND FACTS


    The Fund aims to deliver attractive positive long-term returns Fund size: £1.6bn

    Inception date: 7 September 2009


    FUND SUMMARY
    Benchmark: SONIA (90 day compounded)
    ● Based on core principles of diversification, dynamic asset allocation and downside risk
    Fund manager: Matthew Merritt and Multi-
    management
    Asset Strategy team
    ● Combines actively managed directional risk (aiming to make money when markets go up)
    with actively managed less directional sources of return (aiming to make money whether Target return: The Fund seeks to generate
    markets go up or down) returns of 90 days compounded SONIA + 4.5%
    gross of fees over an annualised five year
    ● Exposure to equity, fixed income, real assets, total return strategies and cash period, whilst being mindful of the Investment
    Objective.
    ● Managed by a highly experienced team, with a transparent investment process and
    proven track record

    SHARE CLASS PERFORMANCE (%) (B1 £ Acc share class)


    Since
    1 month 3 months 1 year 3 years (pa) 5 years (pa) 10 years (pa)
    inception (pa)

    Fund -0.71 3.69 8.85 1.76 2.92 3.31 4.43 5 YEAR ANNUALISED GROSS
    Benchmark 0.45 1.26 4.97 2.35 1.52 0.98 0.85 PERFORMANCE (%)
    Calendar year returns 12-month rolling returns Fund: 2.92
    2023- 2022- 2021- 2020- 2019-
    2023 2022 2021 2020 2019 Cash +450 bps: 6.02
    2024 2023 2022 2021 2020
    Fund 5.92 -9.21 7.53 0.18 13.13 8.85 -3.45 0.27 14.09 -3.94 The Fund returns are shown before fees, as
    specified in the prospectus.
    Benchmark 4.34 1.03 -0.02 0.17 0.68 4.97 2.07 0.09 -0.03 0.61
    Past performance is not indicative of future results. Investment in any strategy involves a risk
    of loss which may partly be due to exchange rate fluctuations. The performance results
    shown, whether net or gross of investment management fees, reflect the reinvestment of
    dividends and/or income and other earnings. Any gross of fees performance does not include
    fees and charges and these can have a material detrimental effect on the performance of an
    investment.
    Source: Insight Investment and Rimes. Fund performance is shown for share class B1 £ Acc
    and is calculated as total return, including reinvested income, gross of fees and expenses.
    Gross of fees performance results do not reflect the deduction of charges, which will reduce
    investors’ returns. Benchmark performance shown is for SONIA 90 days compounded
    (previously 3 Month Sterling Libid until 1 October 2021). Performance for periods over one
    year is annualised. Past performance is not a guide to future performance. The value of
    investments and any income from them will fluctuate and is not guaranteed (this may be
    partly due to exchange rate fluctuations). Investors may not get back the full amount
    invested. Investors must read all performance information alongside the full performance
    information in the KIID.

    FUND MANAGER COMMENTS


    The sell off in government bond markets intensified in April, with the speed of the move
    undermining sentiment in most equity markets. Against this backdrop the fund generated a
    negative return. Our equity holdings were the largest detractor from returns, led by the US,
    with our fixed income exposures also a small negative. Over recent months we have been
    adding defensive strategies to guard against future volatility and these proved effective,
    generating profits that helped to counterbalance the drawdowns elsewhere. Dividend
    futures positions, commodities and infrastructure holdings also all generated positive
    returns. We continue to maintain a high equity exposure relative to historical averages as the
    growth backdrop remains supportive. A tightening in credit spreads saw us reduce our
    exposure to investment grade credit, but we added to our global convertible bond
    exposures, an asset class that provides exposure to equity upside, but with bond like
    attributes if markets turn downwards.
    FUND ALLOCATION TECHNICAL DETAILS
    Legal structure: Open Ended Investment
    Cash 3.5 Company (UCITS)

    Fixed income 19.8 Domicile: Ireland

    Equity 42.8 Share class currencies: Sterling, Euro, US


    dollar, Japanese yen
    Real assets 12.9
    Dealing frequency: Daily, Midday (Irish time)
    Total return strategies 21.0
    Settlement period: T+2
    0 5 10 15 20 25 30 35 40 45 50
    Net exposure (%) Pricing method: Swinging single price

    Scheme: Absolute Insight Funds plc


    FUND ACTIVITY
    Depositary: State Street Custodial Services
    (Ireland) Limited
    Cash -0.7
    Administrator: State Street Fund Services
    Fixed income -1.8 (Ireland) Limited
    Equity 1.4 Ongoing charges: 0.67% (represented by
    share class B1 Sterling, other share classes
    Real assets 2.8
    are available)
    Total return strategies -1.7

    -4 -3 -2 -1 0 1 2 3 4
    Changes over the month (%)

    CONTRIBUTORS TO FUND RETURN (gross, since inception)

    Fixed income 23.9

    Equity 38.2

    Real assets 10.7

    Total return strategies 27.3

    0 5 10 15 20 25 30 35 40 45
    Proportional contribution (%)

    www.insightinvestment.com

    This document is not a contractually binding document and does not constitute legal, tax, or investment advice. It must not be used for
    the purposes of an offer or solicitation to anyone in any jurisdiction. Prospective investors are referred to the Fund's' prospectus and
    Key Investor Information Document (KIID) for a full list of applicable risks, investor rights, KIID risk profile, financial and non-financial
    investment terms. The latest Report & Accounts, Prospectus and the KIID can be found at www.insightinvestment.com within the Tools
    and Resources: Fund literature and Prices section. Investors are urged to consult their own advisers on the implications of making any
    investment. Do not base any final investment decisions on this document alone. Portfolio holdings are subject to change, for information
    only and are not investment recommendations. Unless otherwise stated, the source of information and any view and opinions are those
    of Insight Investment. In Austria, the current Prospectus and the KIID are available free of charge from Société Générale, Vienna Branch,
    Prinz-Eugen-Straße 32, A-1040 Wien. In Germany, the KIID, prospectus, articles and latest annual report are available free of charge in
    hardcopy from the paying agent, Société Générale, Zweigniederlassung Frankfurt, Mainzer Landstraße 36, D-60325 Frankfurt. In
    Luxembourg, the KIID, prospectus, articles and latest annual report are available free of charge from the paying agent, State Street Bank
    Luxembourg S.A, 47-49 avenue J F Kennedy, L-1855 Luxembourg. In Sweden, the KIID, prospectus, articles and latest annual report are
    available free of charge from the paying agent, Skandinaviska Enskilda Banken AB (publ), Global Transaction Services, ST MH1, SE – 106
    40 Stockholm. In Switzerland, the KIID, prospectus, articles and latest annual report are available free of charge from Carnegie Fund
    Services S.A.,11, rue du Général-Dufour, 1204 Geneva. Issued by Insight Investment Funds Management Limited (IIFML), 160 Queen
    Victoria Street, London EC4V 4LA. In France, the KIID, prospectus, articles and latest annual report are available free of charge from
    Société Générale, Tour Granite, 75886, Paris, Cedex 18. Registered in England No. 01835691. IIFML is authorised and regulated in the UK
    by the Financial Conduct Authority.

    © 2024 Insight Investment. All rights reserved.

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