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Overview

Quantica Managed Futures Focus provides 100% participation in the Quantica Managed Futures Program, which is owned and operated by Quantica Capital, but excluding any commodity market exposure. The QMF Program is a systematic investment strategy relying on proprietary quantitative models that aim to identify and take advantage of trend-following market inefficiencies in a diversified, liquid investment universe.

Share Class

NAV

Cumulative Performance (%)

Fund Inception 3 July 2018

Daily Monthly Ytd 1Yr 3Yr 5Yr Incept. Incept.Date

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

Strategy & Manager

Funds Strategy

The Strategy intends to gain exposure to global exchange-traded futures markets on equity indices, bonds, interest rates and currencies, all in accordance with Quantica’s proprietary systematic investment strategy. It aims to detect and take advantage of medium-term trend-following market inefficiencies in the financial futures markets (excluding commodity markets). It has low long-term correlation to traditional asset classes and offers diversification to both traditional and non-traditional investment portfolios. The Fund is highly style-consistent and follows a robust approach.


Investment Manager

Quantica Capital AG is a Swiss alternative asset manager founded in 2003 by Dr. Bruno Gmür, specialized in systematic investment strategies.
The Quantica Managed Futures Program (QMF) is managed according to proprietary systematic and quantitative models with a focus on sophisticated data analysis, portfolio construction, execution and risk management techniques.
Quantica’s investment philosophy centers on the conviction that quality risk-adjusted returns can be systematically exploited from liquid markets.
Quantica’s objective is to deliver intelligent portfolio diversification.


Key Persons

Dr Bruno Gmür,
Chief Investment Officer
Dr Bruno Gmür is the founder and Chief Investment Officer of Quantica Capital. Previously, he held positions at Swiss Re in financial reinsurance structuring and at Bank Julius Baer, where he was head of the quantitative team in the chief investment office and a voting member of the bank’s strategic asset allocation committee. Before that, he was teaching graduate courses in game theory and financial economics at the University of Zurich. Bruno holds a Ph.D. in financial economics from the University of Zurich (Dr. oec. publ., “summa cum laude”) and a master degree in mathematics from the Swiss Federal Institute of Technology (ETH Zurich). He is a qualified actuary and full member of the Swiss Association of Actuaries.

Statistics & Commentary

Performance

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Investment Manager's Commentary

as of 30/05/2025

Fund

The Quantica Managed Futures (QMF) Focus UCITS Fund returned +0.7% net of fees in May 2025, bringing its year-to-date net performance to -9.2%.

Equities were the strongest contributor to performance in May, driven by long exposures in European and Asia-Pacific markets. In contrast, long positions in short-term interest rates – particularly in North America and Europe – were the main detractors. Currencies, including a long position in the British pound, and government bonds – supported by short positions in 10-year JGBs and long positions in 10-year Italian BTPs – both contributed modestly to returns.

Unlike the prior month, portfolio risk allocation across asset classes saw only modest adjustments in May. The continued reversal rally in global equity markets led to a slight increase in the QMF Focus’ net long equity exposure. Within fixed income, the QMF Focus shifted to a modest net short position in North American bonds, increased its short exposure to JGBs, and further added to long positions in European sovereigns. In currencies, the aggregate net short exposure to the U.S. dollar was expanded in response to continued USD weakness.

As the QMF Focus enters June, portfolio risk is broadly balanced between equities and fixed income & rates – each representing roughly 40% of total risk – with the remaining allocation in currencies.

Facts & Documents

Facts

Fund Domicile: Luxembourg

Fund Type: UCITS SICAV

Fund Launch: 3 July 2018

Base Currency: USD

Depositary, Administrator, Transfert Agent: CACEIS Investor Services Bank S.A.

Dealing: Each day with a 1-day notice

Cut-off time: 3 pm CET

Management Company: Alma Capital Investment Management

Investment Manager: Quantica Capital AG

Countries where the fund is registered:
Luxembourg, Austria, Germany, France, UK, Italy, Switzerland, Ireland

Sustainability-related disclosures:
The information related to the integration of sustainability risks and to the potential adverse sustainability impacts at the sub-fund level can be found in the prospectus of the Fund.

Identifiers:

I1C-U
ISIN: LU1825540146   Ticker: DBQI1CU LX    Launch: 30 Sep 2022

I1C-E
ISIN: LU1825540062   Ticker: ALMFFIE LX    Launch: 20 Jun 2023

I1C-C
ISIN: LU1825540229   Ticker: DBMFICA LX    Launch: 1 Mar 2021

I2C-U
ISIN: LU1825540575   Ticker: DBQI2CU LX    Launch: 12 Jul 2018

I3C-C
ISIN: LU1825540492   Ticker: DBQI3CC LX    Launch: 20 Jul 2018

I4C-U
ISIN: LU1857216391   Ticker: DBQI4CU LX    Launch: 7 Sep 2018

I5C-C
ISIN: LU2379648533   Ticker: ALMFFIC LX    Launch: 28 Oct 2021

Documents

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MONTHLY REPORT
PROSPECTUS
  1. Quantica Prospectus
KID Other sub-funds and other languages
available upon request