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Obiettivi di investimento
La gestione mira a conseguire una moderata crescita del capitale investito, in un orizzonte temporale leggermente superiore a 5 anni, nel rispetto di un budget di rischio identificabile con un VaR (Value at Risk) 99% mensile pari a -6,50%. Tale misura di rischio consente di quantificare la perdita massima potenziale che il portafoglio del Fondo può subire su un orizzonte temporale di un mese con un livello di probabilità del 99%.
Non viene fornita alcuna garanzia agli investitori in merito al conseguimento dell’obiettivo del Fondo.
Le quote di Classe D sono del tipo a distribuzione. La SGR procede con periodicità annuale, con riferimento all’ultimo giorno di valorizzazione di ogni esercizio contabile (1° gennaio - 31 dicembre), alla distribuzione di un ammontare predeterminato, pari all’1,00% del valore iniziale delle quote. Tale distribuzione può essere superiore al risultato conseguito dalla Classe D nel periodo considerato e può comportare la restituzione di parte dell’investimento iniziale del partecipante. La distribuzione viene effettuata per la prima volta con riferimento all’esercizio contabile chiuso al 31 dicembre 2023 e, per l’ultima volta, con riferimento all’esercizio contabile chiuso al 31 dicembre 2027. La SGR ha facoltà di non procedere ad alcuna distribuzione, tenuto conto dell’andamento del valore delle quote e della situazione di mercato.
Orizzonte di investimento
Questo Fondo potrebbe non essere indicato per gli investitori che prevedono di ritirare il proprio capitale entro 5 anni ovvero prima della scadenza del ciclo di investimento del Fondo, stabilita al 31 dicembre 2027.
Universo e politica di investimento
Il Fondo investe in strumenti finanziari di natura obbligazionaria, monetaria ed azionaria. L’esposizione azionaria viene progressivamente e dinamicamente incrementata nel corso dei primi due anni del ciclo di investimento del Fondo, sino al raggiungimento di una esposizione massima pari al 30% delle attività. Successivamente, l’esposizione azionaria sarà compresa tra il 20% ed il 40% delle attività; a partire dall’ultimo anno del ciclo di investimento del Fondo non si applicherà il limite minimo all’esposizione azionaria pari al 20% delle attività.
Investimento in obbligazioni/strumenti monetari di emittenti di Paesi Emergenti fino al 40% delle attività. Investimento in obbligazioni/strumenti monetari di emittenti diversi da quelli italiani aventi merito di credito inferiore ad investment grade o privi di rating (e dunque esposti significativamente al rischio di credito) fino al 40% delle attività. Non è previsto alcun limite con riguardo al merito di credito degli emittenti italiani.
L’esposizione a valute diverse dall’euro può raggiungere il 50% del totale delle attività. La durata media finanziaria (duration) del Fondo è inferiore a 6 anni e potrà subire frequenti e significative variazioni.
Investimento in OICVM e FIA aperti non riservati (OICR), principalmente collegati, fino a un massimo del 50% delle attività.
Il Fondo è gestito attivamente senza riferimento ad un benchmark.
La selezione degli strumenti azionari viene effettuata sulla base dell’analisi fondamentale e strategica delle singole società nonché sulla base dell’analisi dei mercati e/o settori che forniscono le migliori prospettive di apprezzamento in relazione ai trend attesi di medio/lungo periodo risultanti da cambiamenti strutturali di fattori economici e sociali, quali - a mero titolo esemplificativo - andamento demografico, stili di vita, sviluppi tecnologici, urbanizzazione, cambiamenti climatici, altri fattori che stanno influenzando in modo significativo la situazione politico-economica (c.d. megatrend).
L’esposizione obbligazionaria ed azionaria tengono conto altresì delle informazioni di natura ambientale, sociale e di governo societario (cd. “Environmental, Social and Corporate governance factors ” - ESG).
Il Fondo utilizza strumenti finanziari derivati sia per finalità di copertura dei rischi sia per finalità diverse da quelle di copertura (tra cui arbitraggio). La leva finanziaria massima, realizzata mediante esposizioni di tipo tattico (e calcolata con il metodo degli impegni) è pari a 2. Tale utilizzo, sebbene possa comportare una temporanea amplificazione dei guadagni o delle perdite rispetto ai mercati di riferimento, non è comunque finalizzato a produrre un incremento strutturale dell’esposizione del Fondo ai mercati di riferimento (effetto leva) e non comporta l’esposizione a rischi ulteriori che possano alterare il profilo di rischio - rendimento del Fondo.
Sottoscrizione iniziale minima
Spese correnti annue
1,46% (di cui provvigione di gestione 0,80%)
Commissioni legate al rendimento
La commissione legata al rendimento a favore della SGR è pari al 20% del minor valore maturato nell’anno solare (1° gennaio - 31 dicembre di ogni anno - “esercizio contabile”) tra:
- l’incremento percentuale del valore della quota del Fondo rispetto al più elevato valore registrato dalla stessa nell’ultimo giorno di valorizzazione degli esercizi contabili precedenti;
- la differenza tra l’incremento percentuale del valore della quota del Fondo e l’incremento percentuale del valore del parametro di riferimento (Bloomberg Euro Treasury Bill Index + 1,80%) nell’esercizio contabile.
Note
Il valore delle spese correnti si basa sulle spese dell’anno precedente. Tale valore può variare da un anno all’altro ed esclude le commissioni legate al rendimento ed i costi di negoziazione che hanno gravato sul patrimonio del Fondo.
Informativa sulla sostenibilità
Caratteristiche Ambientali o Sociali
Il Fondo promuove caratteristiche ambientali, sociali e di governo societario (fattori ESG), ai sensi dell’articolo 8 del Regolamento (UE) 2019/2088 del Parlamento Europeo e del Consiglio del 27 novembre 2019.
Metodologia per la valutazione, misurazione e monitoraggio
In relazione alle metodologie per la valutazione, misurazione e monitoraggio dei prodotti, al fondo Epsilon STEP 30 Megatrend ESG Dicembre 2027 Classe D si applicano le seguenti strategie di integrazione:
Integrazione di fattori ESG
X
Obiettivo di investimento sostenibile
Per maggiori informazioni consulta l’Informativa sulla sostenibilità presente in questa pagina nella sezione “Documenti Utili”.
Per informazioni su come Eurizon Capital SGR e la Divisione Asset Management prendono in considerazione i principali effetti negativi delle decisioni di investimento sui fattori di sostenibilità si rinvia al
documento dedicato
Rendimento del fondo e del benchmark
Periodo
Per visualizzare i dati relativi ad uno specifico periodo, scegli la data di inizio e di fine dai menu a tendina oppure trascina i cursori arancioni selezionando l'intervallo desiderato.
Rendimento ultimi 12 mesi
3,8%
-
Rendimento medio annuo composto ultimi 3 anni
-
-
Rendimento medio annuo composto ultimi 5 anni
-
-
Dati aggiornati all'ultimo trimestre solare concluso
I dati di rendimento del Fondo non includono i costi di sottoscrizione a carico dell’investitore. La performance del Fondo riflette gli oneri gravanti sullo stesso ed è al lordo degli oneri fiscali vigenti.
Dati di Portafoglio
Principali strumenti finanziari in portafoglio (escluso liquidità)
Epsilon Obbligazioni 2027
19,13%
Future EURO-BUND Jun25
3,43%
INDON 3 3/4 14Jun2028
1,85%
KSA 0 3/4 09Jul2027
1,69%
PHILIP 0 7/8 17May2027
1,68%
MEX 1 3/4 17Apr2028
1,68%
I dati considerano anche l’esposizione derivante dall’eventuale utilizzo degli strumenti finanziari derivati, inclusi quelli presenti negli eventuali fondi sottostanti. L’investimento in depositi bancari a scadenza è incluso nell’asset class "Corporate".
Classificazione in base al rating Standard & Poor's
Valori Quota
Dati disponibili dal al (aggiornamento all'ultimo valore quota disponibile)
Per visualizzare i dati relativi ad uno specifico periodo, scegli la data di inizio e di fine menu a tendina oppure trascina i cursori arancioni selezionando l'intervallo desiderato.
Seleziona il periodo
Periodo
I valori quota del Fondo riflettono gli oneri gravanti sullo stesso e sono al lordo degli oneri fiscali vigenti. Per una corretta valutazione della variazione della quota del Fondo è necessario tener conto di eventuali modifiche della politica di investimento e/o di operazioni di fusioni. Tali informazioni sono riportate nel Prospetto.