Pictet-Russian Equities P EUR
Sub-fund of Pictet (SICAV domiciled in Luxembourg)
Fund is the popular name for UCI (Undertaking for Collective Investment). A UCI is an undertaking that brings together several investors and invests their deposited money in various investment products, such as stocks, bonds, cash, etc., in order to spread the risk.
Before you proceed with investing, you must read and evaluate the KIID and prospectus. The KIID sets out the objectives, investment policy, risks and benefits, and costs and past performance of the fund.
Source NAV www.beama.be
KEY INFORMATION
LEGAL DOCUMENTS
PERFORMANCE
ANALYSIS

Fund Profile

Category: SICAV

OBJECTIVE
To increase the value of your investment.
REFERENCE INDEX
MSCI Russia 10/40 (USD). Used for risk monitoring, performance objective and performance measurement.
PORTFOLIO ASSETS
The Compartment mainly invests in equities of companies that are domiciled, or do most of their business, in Russia.
DERIVATIVES AND STRUCTURED PRODUCTS
The Compartment may use derivatives to reduce various risks (hedging) and for efficient portfolio management, and may use structured products to gain exposure to portfolio assets.
COMPARTMENT CURRENCY
USD
INVESTMENT PROCESS
In actively managing the Compartment, the investment manager uses a combination of market and fundamental company analysis to select securities that it believes offer favourable growth prospects at a reasonable price. The Compartment is designed to offer performance that is likely to be significantly different from that of the benchmark.

Risk Profile
Significant risks that are not adequately reflected in the profile:

Liquidity risk
The fund may invest in securities that are not easily tradable on a stock exchange or similar market.
Counterparty risk
If a fund counterparty becomes insolvent, it can no longer, or only partially, pay outstanding obligations.
Derivatives risk
The fund can enter into derivative transactions. The increased profit opportunities that arise, could also involve greater risks of loss.
Emerging market risk
The fund will be more volatile because these markets are typically smaller, less liquid and more sensitive to economic and political factors.
Operational risk
This risk relates to failures in systems and processes.

You will find all other risks associated with this fund in the prospectus.
Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
1
2
3
4
5
6
7
Lower Risk
Possible Lower
Returns
Higher Risk
Possible higher
Returns
Key Information
Closing Price 24/09/2021 92.92
Morningstar category Russia Equity
Currency EUR
Distribution status Capitalizing
ISIN LU0338483075
Inception Date 11/01/2008
Maturity date Unlimited
Management strategy (vs benchmark) Active
Minimum initial amount 100.00 EUR
Fees And Charges
Entry fee None
Tax on entry None
Custody fees None
Tax on returns
No
Tax on dividend N/A
Exit fee None
Tax on exit 1.32 (max. 4,000.00 EUR per fund)
Ongoing charge 1.87% of which 0.70% is paid to MeDirect
Fund management company
Address Pictet Asset Management (Europe) SA 15, avenue J.F. Kennedy Luxembourg L-1855 Luxembourg
Manager Name Hugo Bain
Manager Start Date 16/11/2009
Website www.am.pictet
Total Net Assets (mil) 982.71 EUR (31/08/2021)
UCITS Yes
Administrator FundPartner Solutions (Europe) S.A.

Legal Documents

It is possible that this fund applies swing pricing. Please consult the prospectus for more information.
Should you have any complaints, you may contact Compliance Officer MeDirect, Keizerinlaan 66, 1000 Brussel or via [email protected] or Ombudsfin, Ombudsman for financial disputes, North Gate II, Koning Albert II – laan 8 bus 2, 1000 Brussel or via [email protected]

Performance

Historical returns returns and the evolution of the NAV are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Sales charges (like entry- and exit fees ) and taxes are not included in the calculation of past performance. Management fees, administrative fees and other costs taken out of the fund assets have been taken in to account, as they are already included in the NAV.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year44.02%24/09/2021
3 years17.06%24/09/2021
5 years14.03%24/09/2021
10 years8.42%24/09/2021
Since launch2.39%24/09/2021
Cumulative performance in EUR
Performance
YTD 01/01/202130.67
1 month4.85
3 months8.01
6 months19.85
Quarterly Returns
Q 1Q 2Q 3Q 4
202113.13%7.67%--
2020-31.30%22.31%-1.75%11.21%
201913.77%11.71%-0.03%10.19%
20186.61%-1.34%4.05%-8.68%
2017-2.54%-14.48%13.42%-4.24%

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock98.60%0.00%98.60%
Bond0.00%0.00%0.00%
Cash1.55%0.66%0.89%
Other0.51%0.00%0.51%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
21.2725.9923.14
Sharpe Ratio
1.440.720.69
Sortino Ratio
3.331.071.07
Positive Months9.0025.0040.00
Negative Months3.0011.0020.00
Worst Month-6.15-23.82-23.82
World Regions
Region%
Europe - Emerging84.63
Asia - Emerging5.60
Eurozone4.09
United Kingdom3.67
Latin America0.61
Stock Sector Weighting
Sector% of Equity
Energy30.06
Basic Materials24.26
Financial Services19.28
Communication Services10.28
Consumer Defensive
4.93
Industrials3.23
Consumer Cyclical
2.53
Technology1.74
Utilities1.48
Real Estate0.82
Top 10 Holdings
HoldingSectorCountry% of Assets
Gazprom PJSC EnergyRussia9.25
Sberbank of Russia PJSC Financial ServicesRussia8.56
PJSC Lukoil EnergyRussia6.76
Magnitogorsk Iron & Steel Works PJSC Basic MaterialsRussia4.75
TCS Group Holding PLC GDR Repr Class -A- Reg-S Financial ServicesRussia4.57
NOVATEK PJSC GDR EnergyRussia4.03
Sistema PJSFC Communication ServicesRussia3.97
EVRAZ PLC Basic MaterialsUnited Kingdom3.67
Rosneft Oil Co DR EnergyRussia3.64
Mining and Metallurgical Company NORILSK NICKEL PJSC Basic MaterialsRussia3.54
It is possible that some UCI presented in the portfolio are not offered in Belgium, please verify with our client service
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
All key information and documents must be reviewed before being able to Invest.