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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. 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 7 August 2015

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 (equity indices, bonds, interest rates, currencies and commodities), 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 futures 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 29/05/2026

Fund

The Quantica Managed Futures (QMF) UCITS Fund generated a net return of +1.0% in May 2026, bringing year-to-date net performance to +5.7%.
Equities were the largest contributor to performance, benefiting from renewed strength across North American and Asian markets. Currency positions also added positively, driven by continued weakness in the Japanese yen and gains across several commodity-linked currencies. Commodities were the primary detractor, reflecting reversals across the energy complex and marking the first negative contribution from the sector in the past twelve months. Fixed Income and Rates also detracted modestly, as the Program’s short exposure to long-dated government bonds was adversely affected by a decline in yields toward month-end.
May was characterized by evolving cross-asset dynamics and several notable shifts in the Program’s positioning across U.S. markets. Persistent strength in U.S. equities – driven by continued enthusiasm for artificial intelligence-related themes and a moderation in geopolitical risks in the Middle East – led the Program to re-establish a meaningful long equity exposure. At the same time, a repricing of inflation expectations contributed to a sustained rise in U.S. Treasury yields, prompting the Program to incrementally build a short position in U.S. government bonds. By month-end, this had become the Program’s largest directional exposure within Fixed Income in more than a year.
Heading into June, Equities and Commodities continued to account for close to two-thirds of total portfolio risk and remained the Program’s largest sources of risk, with allocations broadly balanced between the two sectors. Fixed Income exposure increased meaningfully over the course of the month, reaching 20% of total portfolio risk by month-end, while Currency exposures accounted for the remainder.

Facts & Documents

Facts

Fund Domicile: Luxembourg

Fund Type: UCITS SICAV

Fund Launch: 7 August 2015

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, Finland, Ireland, Netherlands, Spain

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-C
ISIN: LU1869434909   Ticker: DPQI1CC LX    Launch: 14 Jun 2017

I1C-E
ISIN: LU1869435039   Ticker: DPQI1CE LX    Launch: 18 Apr 2019

I1C-G
ISIN: LU1869434818   Ticker: DPQI1CG LX    Launch: 26 Apr 2018

I1C-U
ISIN: LU1869435112   Ticker: DQMIICU LX    Launch: 11 Apr 2019

I2C-E
ISIN: LU1869435385   Ticker: DPQI2CE LX    Launch: 28 Oct 2016

I2C-U
ISIN: LU1869435203   Ticker: DPQI2CU LX    Launch: 30 Jun 2017

I3C-C
ISIN: LU1869435898   Ticker: DPQI3CC LX    Launch: 7 Aug 2015

I3C-E
ISIN: LU1869435542   Ticker: DPQI3CE LX    Launch: 7 Aug 2015

I3C-G
ISIN: LU1869435625   Ticker: DPQI3CG LX    Launch: 7 Aug 2015

I3C-U
ISIN: LU1869435468   Ticker: DPQI3CU LX    Launch: 7 Aug 2015

I4C-C
ISIN: LU1869435971   Ticker: DPQI4CC LX    Launch: 10 Dec 2015

I4C-E
ISIN: LU1869436193   Ticker: DPQI4CE LX    Launch: 19 Jul 2016

I4C-U
ISIN: LU1869436276   Ticker: DPQI4CU LX    Launch: 4 Sep 2015

R1C-C
ISIN: LU1869434578   Ticker: DPQR1CC LX    Launch: 27 May 2016

R1C-E
ISIN: LU1869434651   Ticker: DPQR1CE LX    Launch: 21 Oct 2015

Documents

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