Pharus Sicav Trend Player

Class A
ISIN: LU1253867508
Category: EUR Flexible Allocation - Glob
19.02.2024
Key Information
Net Asset Value193,47 EUR
Fund Size44.490.053 EUR
Launch Date15 lug 2016
BenchmarkBENCHMARK COMPOSITE 51653
Key Information
Management information
SicavPharus Sicav
Management CompanyPharus Management Lux SA
Investment ManagerPharus Asset Management SA
Key Information
Investment objective
Pharus Sicav Trend Player aims to achieve capital growth in the medium-long term by applying evolutionary strategies capable of capturing changes. In fact, it recognizes and interprets market momentums and capitalizes on their signals by identifying potential industry trends and selecting individual stories through a bottom-up analysis that considers valuations, competitive advantages, sentiment analysis and company fundamentals. The fund currently focuses mainly on sectors such as Technology, which has earnings growths that are 3 times higher than the market, Electric Mobility, characterized by double margins compared to traditional cars, and Telemedicine. The portfolio is generally balanced across both equity and bond positions.
Key Information

Risk & reward profile

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19.02.2024
Manager comment
Manager comment
Markets got off to a good start in the first month of the year, especially the AI-related technology sector. This confirms our view to remain anchored in the technology sector and diversify into the healthcare and financial/insurance sectors. We remain of the view that long-term government bonds can make a positive contribution to portfolio results over the next 18 months, making the equity-bond combination very efficient going forward.
Documents
N.A.

Last updated on 19.02.2024

* No coverage or derivatives are included
* No coverage or derivatives are included
Top Ten Holding
Nvidia Corp 5.21 %
Us Treasury N/b 1.25% 15.05.50 5.02 %
Alphabet Inc-cl A 4.45 %
Palo Alto Networks Inc 4.3 %
Microsoft Corp 4.21 %
Facebook Inc-class A 4.13 %
Amazon.com Inc 3.94 %
Apple Inc 3.9 %
Us Treasury N/b 2.125% 30.09.24 3.45 %
Advanced Micro Devices 3.19 %
Top Ten Holding
How to invest
SFDR Article: 8

SFDR Article: 8

The Sub-Fund does not have as its objective a sustainable investment, but promotes social characteristics with a proportion of sustainable investments with a social objective of at least 80% of its assets.

Objectives

The Sub-Fund’s sustainable investment objective is to select companies promoting peaceful, just and inclusive principles, evidencing a strong Sustainability rating and following good governance practices, while avoids the exposure to companies involved in controversial weapons production, tobacco production, adult entertainment, gambling sector, violation of United Nation Global Pact, as per the internal ESG policy defined.

Social characteristics promoted are mainly represented by the below:

Social characteristics promoted are mainly represented by the below:

  • Security of products and health
  • Human rights and human dignity
  • Equality labour conditions
  • Governance
As of 22.01.2024
As of
1
Enviroment
2
Security of products and health
3
Human rights and human dignity
4
Equality labor conditions
5
Governance

Asset Allocation

All the investments are assessed ex ante by an independent external ESG advisor and need to be compliant with including criteria and not in breach with excluding criteria set out on the applicable ESG policy. Investments aligned with E/S characteristic must attain the social characteristics promoted by the financial product and must represent at least 80% of the Sub-fund’s asset. Sustainable investments are investments in securities whose rating is considered acceptable and which comply with the excluding criteria set out in the ESG policy applicable. Other Investments include cash, derivatives, bonds and equities which do not have any ESG rating or with a weak ESG rating and can represent up to 20% of the portfolio.

As of 31.12.2022

Principal adverse impacts

This financial product considers PAI and monitors additional PAI with the support of an ESG Advisor that produces, on quarterly basis, a complete report that illustrates the PAI and the results for the portfolio. Furthermore, the Sub-Fund focuses on the PAI number 10 and 11. PAI number 10 monitors/takes into consideration weight of company with severe violation of UNGC principles or OECD guidelines for multinationals. PAI number 11 refers to weight of companies without mechanism for monitoring the compliance with UNGC principles and OECD guidelines.

Binding elements

The exclusion criteria applied to the investment universe, are aimed to exclude companies

Involved in controversial weapons production whose revenues deriving from the production of nuclear, biological and chemical weapons are higher than 5%
Whose revenues deriving from gambling sector is higher than 5%;
Whose revenues deriving from the tobacco production is higher than 5%;
Whose revenues deriving from adult entertainment sector is higher than 5%;
Which do not respect the principles of United Nation Global Pact.

In addition to the above, another binding element is the use of ESG ratings. The certified portfolio average ESG Quality score is B+ with a portfolio ESG Rating of 6.78, which cannot fall below B.
ESG Rating
Portfolio Scores
22.01.2024
B+
ESG Quality Score
6.78