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U ACCESS (IRL) Bain Capital Global Equity LS Responsible UCITS B USD

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Performance

U ACCESS (IRL) Bain Capital Global Equity LS Responsible UCITS B USD
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years ITD
Historical performance 1.51% 7.25% 12.21% 3.73%
12 months rolling 05.23 - 05.24        
12 months rolling 12.21%

Disclaimer
Past performance is not indicative of present and/or future results. The performance figures shown include gross dividends reinvested, current charges but do not include subscription/redemption fees and taxes payable by the investor. For retail, performance data for sub-funds with less than a 12 month performance record is not displayed. For professional, performance under 1 year is shown cumulated and performance over 1 year is shown annualised. For sub-funds denominated in a currency other than that of the fund, the return may be reduced or increased according to exchange rate fluctuations. The value of investments may increase or decrease and investors may not get back all or part of the amount invested. Data source: UBP SA

Library

LEGAL DOCUMENT
Title Updated English German French Italian
Annual report 31.12.2023 PDF
KID PRIIPs 15.03.2024 PDF
Prospectus 25.03.2024 PDF
Semi-annual report 30.06.2023 PDF
Status - Articles of Association 07.03.2016 PDF
MARKETING DOCUMENTATION
Title Updated English German French Italian
Factsheets 30.04.2024 PDF
Monthly Report 30.04.2024 PDF
Product card 31.12.2023 PDF PDF PDF PDF
Quarterly comment 30.09.2023 PDF

Registration

ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
IEIreland
ILIsrael
ISIceland
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ZASouth Africa
ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
IEIreland
ILIsrael
ISIceland
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ZASouth Africa

Italy: I shares are only notified to the CONSOB.

Singapore: Sub-funds registered with the MAS (Monetary Authority of Singapore) can only be offered to “accredited investors”.


Fiscal information

Titre Statut
End of fiscal year 31 December
UK RFS Yes Reportable Income
German transparency No
Austrian transparency No
Italian reporting Yes
Switzerland RNI No

Sustainability-related disclosure

 

Summary

The Fund promotes environmental and/or social characteristics but it does not commit to investing in sustainable investments. 

The Fund promotes the following environmental characteristics: Sustainable Growth and Reducing Climate Impact.

The Fund promotes the following social characteristics: Diversity, Equity and Inclusion (“DEI”). 

The Fund promotes the following environmental and social characteristics: ESG Transparency and Disclosure.

It is intended that at least 85% of the Fund's invested securities (long-only equity positions, excluding cash, cash equivalents and money market instruments) will be aligned with its promoted environmental or social characteristics.

The Portfolio Manager utilizes a fundamental long/short equity strategy and intends generally to make investments in or related to the consumer (discretionary and staples), financial (including:  banks, asset managers, insurance, brokerage, fintech/global payment companies), healthcare (pharmaceuticals and biotechnology) and technology (software, internet), media and telecom (TMT) sectors, consistent with both the Portfolio Manager’s emphasis on low carbon intensity industries and also with the historical experience and expertise of the Portfolio Manager’s investment team, without considering any specific geographical allocation.

In managing the strategy, the Portfolio Manager seeks to implement long positions in the securities of companies it considers are potentially attractive investments both fundamentally and within its ESG framework, to hold over a 2-3 year time horizon. The Portfolio Manager will also implement synthetic short exposure through single-name fundamental shorts (based on fundamental and/or ESG considerations), sector-specific hedges and broader market hedges. 

In addition to short opportunities that are purely fundamental in nature, potential short opportunities may include companies where ESG considerations are an integral component of the Portfolio Manager’s short investment thesis in relation to the Fund, negatively impacting the forward earnings power of the company’s operations. These opportunities may include situations where the Portfolio Manager considers the company is on the wrong side of ESG change, thereby negatively impacting the company’s potential cost of capital or ability to effectively compete.

The short investment strategy also includes a significant tactical hedging component that uses sector-specific or broad index hedges in seeking to manage portfolio level risk.

By integrating ESG analysis into the investment process, the Portfolio Manager takes a holistic approach that considers the global impact (positive, neutral or negative as determined by the Portfolio Manager) of a company’s products, operations and governance on its broad stakeholders, society and the environment. The Portfolio Manager’s holistic approach to ESG considers one or more of a company’s environmental impact; greenhouse gas (GHG) emissions; board and executive diversity; and disclosure with respect to material ESG factors.

As part of the Portfolio Manager’s primary due diligence, financial analysis and modeling, and trade construction, the Portfolio Manager reviews good governance practices of the investee company. Companies are monitored on an ongoing basis and are continuously re-evaluated to assess whether the company meets the Portfolio Manager’s criteria as a "non-negative" holding.

The Portfolio Manager carries out an ESG assessment on all long-only equity positions (excluding cash, and cash equivalents and money market instruments) as part of the four phases of due diligence carried out during the investment process. 

The Portfolio Manager avoids investments (long and short) in companies in the following sectors (revenue thresholds may apply): adult entertainment, energy and natural resources, basic materials, mining, controversial weapons, munitions and firearms, tobacco, and utilities.

As regards the methodologies or the sustainability indicators used to measure the attainment of the environmental and/or social characteristics promoted by the Fund, the Portfolio Manager will evaluate investments for the long portfolio as positive, neutral or negative based on the environmental and social characteristics promoted by the Fund. In addition to this sustainability indicator, the Portfolio Manager tracks sustainable growth and climate impact based on the weighted average carbon intensity of long equity holdings, as well as Scope 1, 2 and 3 GHG emissions (as defined in Commission Delegated Regulation (EU) 2022/1288) (as available). The Portfolio Manager monitors efforts towards DEI for long equity holdings based on the percentage of holdings with at least two female board members. Finally, in tracking ESG transparency and disclosure, the Portfolio Manager assesses the percentage of long equity holdings that report on climate and DEI metrics.

The Portfolio Manager evaluates all long-only equity positions based on company disclosures, third-party ESG reports, and news publications for ESG performance and severe controversies. Information is cross-referenced with third-party data provider to ensure data quality. A proportion of the data sources may be estimated but in all instances the Portfolio Manager seeks to report on primary data provided by the issuer where available. It is currently difficult to report sufficiently accurate numbers on the proportion of data used for the Fund by the Portfolio Manager which is estimated. The Portfolio Manager does not conduct its own estimates on data.

In certain circumstances data required to implement the ESG strategy of the Fund may be difficult to obtain and incomplete, estimated, out of date or otherwise materially inaccurate. The Portfolio Manager makes best efforts to review all relevant sources of information on an ongoing basis to inform a fulsome ESG assessment, including cross-reference of primary information with third-party data provider.

The Portfolio Manager’s investment process has four distinct phases of due diligence: Primary Due Diligence (fundamental and ESG assessment), Financial Analysis & Modeling, Review & Analysis and Trade Construction.

The Portfolio Manager engages with long-only equity positions that have fewer than two women on the board of directors, or companies that have "Moderate" or higher carbon intensity without GHG reduction targets in order to improve ESG performance. The Portfolio Manager may selectively engage with positions to learn more about ESG approach where disclosure is lacking and to advocate for increased transparency.

 

For more information, please see the fund’s Sustainability-related disclosures.

  • ISIN code
  • IE0009PLO304
  • Data as at
  • 22.05.2024
  • Latest NAV
  • 109.2304 USD
  • Fund's AUM
  • 57.91M USD

Fund data

  • Fund name U ACCESS (Ireland) UCITS P.L.C.
  • Legal structure PLC
  • Jurisdiction Ireland

Sub-fund data

  • Base currency USD
  • Asset class Single Hedge Fund
  • Geographical bias Global
  • Inception date 16.12.2021
  • SFDR classification 8

Share class data

  • Description B USD
  • Launch date 22.12.2021
  • Dividend type Capitalisation
  • Minimun initial investment None
  • Subscription Daily
  • Redemption Daily
  • Management fee 1.50%
  • Performance fee Yes
  • Performance fee rate 17.5% - Historical HWM
  • Last dividend N/A

Identifiers

  • Bloomberg UABCGBU ID
  • Telekurs 113231828
  • Reuters N/A
  • WKN A3DB0Z
  • SEDOL N/A
  • Morningstar N/A
  • Financial Express N/A

Manager(s)

    -