Man AHL Diversified Futures Ltd
This is a marketing communication.
Performance
Man AHL Diversified Futures Ltd Class USD
ISIN: BMG0122Q1087 | Inception: 12 May 1998
Month end final valuation: USD 53.33 (31 Jul 2024)
-5.36%
-10.49%
5.46%
5.27%
20.66%
433.30%
6.59%
14.43%
Latest price: USD 52.73 (01 Aug 2024)
-1.13%
-1.13%
7.85%
-5.22%
427.30%
6.54%
Latest estimate: USD 51.02 (02 Aug 2024)
-3.25%
-4.34%
4.35%
Performance by year
07/23 - 07/24 |
07/22 - 07/23 |
07/21 - 07/22 |
07/20 - 07/21 |
07/19 - 07/20 |
07/18 - 07/19 |
07/17 - 07/18 |
07/16 - 07/17 |
07/15 - 07/16 |
07/14 - 07/15 |
---|---|---|---|---|---|---|---|---|---|
5.46% | -2.99% | 2.90% | 16.94% | -1.99% | 22.47% | -4.32% | -7.12% | -1.98% | 19.33% |
Investment Policy
Short description | The Fund seeks to achieve medium-term capital growth while restricting the associated risks, by trading a diversified portfolio of Investments. The Fund aims to perform independently of traditional stock and bond investments thereby providing valuable diversification benefits and enhancing the risk/reward profile of a traditional investment portfolio. |
Type of assets | In order to achieve its investment objective, the Fund will invest in futures, options, forward contracts and swaps, transferable securities, including certificates on AHL investment products pursuing strategies in accordance with the AHL Diversified Programme and/or cash and cash equivalents. The Fund may also enter into total return swaps and contracts for difference, invest in undertakings of collective investments as well as retain amounts in cash and cash equivalents. |
Benchmark degree of freedom | The Fund is actively managed; no benchmark is used as a universe for selection or for performance comparison purposes. |
Key Facts
Product name | Man AHL Diversified Futures Ltd |
---|---|
Share class | Man AHL Diversified Futures Ltd Class USD Tranche B |
Investment status | Closed for investment |
Domicile | Bermuda |
Fund regulations | Non-UCITS |
Currency | USD |
Capitalisation | Accumulating |
ISIN | BMG0122Q1087 |
Legal Entity Identifier | 6WD8CY1WV2QYZ7W4H838 |
Valoren | 895929 |
Bloomberg Ticker | EDFDFLI BH |
Common Code | 014612092 |
WKN Number | 552809 |
Lipper ID | 60007175 |
Minimum Holding | 300 Share |
---|---|
Minimum Redemption | 200 Share |
Dealing Frequency | Daily |
Notice Of Redemption | Before 17:00 (HongKong) 1 business day prior to dealing day |
Name | BNY Mellon Fund Services (Ireland) Designated Activity Company |
---|---|
Address |
Cork Airport Business Park
Unit 6100, Avenue 6000 Cork Ireland |
Phone | 353-21-438-0000 |
Email address | man.shareholderservicing@bnymellon.com |
Administrator | BNY Mellon Fund Services (Ireland) Designated Activity Company |
---|---|
Alternative Investment Fund Manager | AHL Partners LLP |
Auditor | Ernst & Young Ltd/ Bermuda |
Company Secretary | Conyers Corporate Services Bermuda Ltd |
Custodian | The Bank of New York Mellon SA/NV, Dublin Branch |
Investment Manager | AHL Partners LLP |
Services Manager | Man Investments AG |
Valuation Service Provider | BNY Mellon Fund Services (Ireland) Designated Activity Company |
Management Fee (up to) | 3.00% |
---|---|
Performance Fee | 20.00% |
Introducing Broker Fee | 1.00% |
Availability
Countries listed below provide information on marketing availability of the share class where certain product registrations, filings, notifications and/or local appointments determine the type of investors the product can be marketed to. If a country is not shown below, the share class may only be offered in accordance with local private placement rules (where applicable).
Public Distribution | HK |
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Professional Investors | HK |
Please note that the dealing terms are as set out in the relevant prospectus/offer document, and the information shown above is not a substitute for, nor a complete summary of, those terms or such prospectus/offer document. Investment in this class is made solely in reliance upon the fund’s constitutional and offering documentation.
Sales Fee: The maximum entry fee charged to cover the cost of setting up your investment. Management Fee: The fee deducted from the net assets to cover the costs of running the Fund. A percentage of the fee may be paid to the distributor of the Fund. Please contact the distributor for specific details. Performance Fee: The payment made to an Investment Manager if certain performance levels are achieved (often over and above any levels set out in the investment objective) within a set time period. Ongoing Charges: A variable charge payable over a year, normally based on expenses to the Fund as of the previous accounting year. It excludes Performance Fees (if applicable) but includes the Management Fee. Introducing Broker Fee: The fee payable to Man Investments AG which has been appointed as the Introducing Broker and is responsible for recommending appropriate Brokers to the Fund as well as actively managing these relationships, ensuring appropriate service levels as well as an adequate diversification of Brokers. Distribution Fee: The fee is used to cover expenses that are primarily intended to result in, or that are primarily attributable to the sale of the Fund’s shares, including the costs of distributing the prospectus and other sales literature to prospective investors.
Documents
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Considerations
Hong Kong SAR: To the extent this material is distributed in Hong Kong SAR, this material is communicated by Man Investments (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission in Hong Kong.
Prior to investing in the Fund investors should carefully consider the risks associated with investing, whether the Fund suits their investment requirements and whether they have sufficient resources to bear any losses which may result from an investment in the Fund. Investors should only invest if they understand the terms on which the Fund is offered. Investors should consider the following risks and where appropriate seek professional advice before investing:
Investment Objective Risk - There is no guarantee that the Fund will achieve its investment objective.
Market Risk - The Fund is subject to normal market fluctuations and the risks associated with investing in international securities markets. Therefore, the value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested.
Counterparty Risk - The Fund will be exposed to credit risk on counterparties with which it trades in relation to on-exchange traded instruments such as futures and options and where applicable, 'over-the-counter' ("OTC","non-exchange") transactions. OTC instruments may also be less liquid and are not afforded the same protections that may apply to participants trading instruments on an organised exchange.
Currency Risk - The value of investments designated in another currency may rise and fall due to exchange rate fluctuations. Adverse movements in currency exchange rates may result in a decrease in return and a loss of capital. It may not be possible or practicable to successfully hedge against the currency risk exposure in all circumstances.
Liquidity Risk - The Fund may make investments or hold trading positions in markets that are volatile and which may become illiquid. Timely and cost efficient sale of trading positions can be impaired by decreased trading volume and/or increased price volatility.
Concentration Risk - The Fund may invest in a limited number of investments which can increase the volatility of performance.
Financial Derivatives Instruments - The Fund will invest financial derivative instruments ("FDI") (instruments whose prices are dependent on one or more underlying asset) to achieve its investment objective. The use of FDI involves additional risks such as high sensitivity to price movements of the asset on which it is based. The extensive use of FDI may significantly multiply the gains or losses.
Leverage Risk - The Fund's use of FDI may result in increased leverage which may lead to significant losses.
Emerging Markets - The Fund may invest a significant proportion of its assets in securities with exposure to emerging markets which involve additional risks relating to matters such as the illiquidity of securities and the potentially volatile nature of markets not typically associated with investing in other more established economies or markets.
Commodity risk - The Fund may have exposure to commodities, the value of which can be volatile may carry additional risk. Commodity prices can also be influenced by the prevailing political climate and government stability in commodity producing nations.
Model and Data Risk - The Fund's Investment Manager relies on internally derived qualitative and quantitative trading models and algorithms. These quantitative trading models and algorithms may rely on data that is internally derived or provided by a third party. If a model or algorithm or the data consumed by these models or algorithms prove to be incorrect or incomplete, the Fund may be exposed to potential losses. The calculations and output of a models or algorithm can be impacted by unforeseen market disruptions and/or government or regulatory intervention, leading to potential losses.
Interest Rate Risk (Hong Kong SFC) - The Company may invest in futures and options with interest rates as an underlying asset. If the Company has long positions in futures and options with interest rates as an underlying asset, an increase in interest rates may result in a decrease in the market-to-market value of such instrument, and hence, the Company may incur significant loss, and vice versa. The factors influencing interest rates include, amongst other things, monetary policy, fiscal policy and inflation.
Sovereign Risk (Hong Kong SFC) - The AHL Diversified Programme may invest in debt securities issued or guaranteed by governments and/or supranational institutions (or in related financial derivative instruments) and thus may be exposed to credit risk of such governments and/or supranational institutions. If such governments and/or supranational institutions default on their debt securities, e.g. when they are not able to meet their obligations as to the payment of principal and/or interest, or become insolvent, Company could lose money. There may not be any bankruptcy proceedings by which the Company could enforce its rights against a defaulted government or a supranational institution in whole or in part.
A complete description of risks is set out in the Fund's prospectus.
Past performance is not indicative of future results. Returns may increase or decrease as a result of currency fluctuations. Performance data is shown net of fees with income reinvested, and does not take into account sales and redemption charges where such costs are applicable. The value of an investment and any income derived from it can go down as well as up and investors may not get back their original amount invested. Alternative investments can involve significant additional risks. Please refer to the prospectus/offer document for further details. All product documentation is available free of charge on www.man.com.
Full details of the product objectives, investment policy and risks are located in the Prospectus which you should read prior to subscribing. In addition for UCITS products, the Key Investor Information Document / Key Investor Document in English and in an official language of the jurisdictions in which the Fund is registered for public sale, together with the Report and Accounts of the UCITS. The Fund’s documentation are available free of charge through the Document library. Additionally, it is recommended that you contact an investment adviser and/or tax adviser.
The Elite Rating TM system is proprietary to FundCalibre Ltd, but should not be taken as a recommendation.
FE Alpha Manager Ratings do not constitute investment advice offered by FE and should not be used as the sole basis for making any investment decision. © 2024 FE.
If mentioned, awards and/or ratings are for information purposes only and should not be construed as an endorsement of any Man Group company or of their products or services. Please refer to the websites of the sponsors/issuers for information regarding the criteria on which the awards/ratings are determined.
© 2024 Morningstar UK Ltd. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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