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Overview

Share Class

NAV

Cumulative Performance (%)

Fund Inception 30 June 2010

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

Alma Platinum IV Systematic Alpha (the “Fund”) is an open-ended UCITS compliant fund with Winton Capital Management Ltd (“Winton”) acting as Portfolio Manager. The Investment Strategy is a systematic strategy based on the Winton Diversified Macro Strategy as adapted to comply with UCITS. The underlying investment philosophy is grounded in the belief that the scientific method can be profitably applied to the field of investing. The Investment Strategy is a computer-based trading system owned and operated by Winton which is designed to speculatively trade global exchange-traded futures, forwards and options markets on commodities (e.g. energies, base and precious metals and crops), equity indices, bonds, short-term interest rates and currencies. The Fund invests directly in (1) financial futures (including bonds, FX, equity, interest rates), FX forwards and other OTC derivatives (the “Direct Investments”), (2) transferable securities providing exposure to a basket of commodity futures (the “Commodity Basket”), and (3) sovereign bonds, cash or other cash equivalent securities for cash management purposes. Winton has been appointed as Portfolio Manager of the Fund and is responsible for managing the Direct Investments. Winton is also responsible for determining the composition of the Commodity Basket that is referenced by the transferable securities purchased by the Fund. State Street Global Advisors, as the Investment Manager of the Fund, is responsible for the allocation of cash to support the margin and settlement obligations in relation to the Direct Investments as well as the buying and selling of the transferable securities and for managing the surplus cash.


Investment Manager

Winton is a global investment manager founded in 1997 specialising in systematic trading through scientific research and statistical analysis
techniques to develop proprietary trading systems (for the international asset markets.

Winton pursues a diversified trading strategy which does not necessarily rely on favourable conditions in any particular market or on general appreciation of asset values. The research focused company is led by scientist David Harding (with a 25 year track record) and a team of 86 researchers.

Key Persons

David Harding
Founder , CEO & Co- CIO
David has been at the forefront of systematic investment management for 30 years. He has founded two successful investment management companies: the first, AHL, was sold to Man Group in 1994; he launched the second, Winton, in 1997. A graduate of Cambridge University, David received a first-class Honours degree in natural sciences, specialising in theoretical physics. He founded Winton on the continuing belief that there exist long-term rewards for scientific research into financial markets.

Simon Judes
Co- CIO
Simon leads the development of Winton’s investment strategies and is responsible for the firm’s bespoke products. Previously, Simon was Winton’s Futures Strategy Manager, responsible for all futures trading systems. Since joining Winton in 2008, he has worked on projects including the design of several commodity and equity systems. Simon has a first-class honours degree from Oxford University, as well as a PhD in physics from Columbia University, where his thesis focused on string theory and cosmology.

Carsten Schmitz
Co- CIO
Carsten leads the development of Winton’s investment strategies and is responsible for the firm’s PM Platform initiative. Prior to this, Carsten oversaw the management of Winton’s research division. Carsten joined Winton in 2008, after earning a Diploma with distinction from RWTH Aachen in Germany and a PhD with distinction from the University of Zurich. For his PhD and postdoctoral position, Carsten worked at the DESY collider facility in Hamburg, analysing data from high-energy particle collisions.

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 28/05/2020

Fund

The fund ended the month down slightly as trend-following systems gave back some performance. Non-trend systems provided valuable diversification over the month, particularly carry, mean reversion and seasonality systems in commodities.

Strong performance in energies cancelled out most of the losses from elsewhere in the portfolio. The fund’s trend-following and carry systems made money from uptrends in the sector, with crude oil and natural gas representing the top individual contributors. Positioning in currencies and fixed income, on the other hand, detracted, after US policymakers signalled an increase in interest rates in 2023, one year earlier than previously expected. Long positions in non-USD currencies and eurodollar futures were the top detractors, with trend-following systems accounting for most of the negative performance in the two sectors.

Facts & Documents

Facts

Fund Domicile: Luxembourg

Fund Type: UCITS SICAV

Fund Launch: 30 June 2010

Base Currency: USD

Depositary, Administrator, Transfert Agent: RBC 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: Winton Capital Management Ltd

Countries where the fund is registered:
Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Singapore, Sweden, Switzerland, United Kingdom

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: LU0627756538   Ticker: DBSI1CC LX    Launch: 8 Jun 2011

I1C-E
ISIN: LU0462954396   Ticker: DBSI1CE LX    Launch: 30 Jun 2011

I1C-G
ISIN: LU0462954552   Ticker: DBSI1CG LX    Launch: 10 Nov 2011

I1C-N
ISIN: LU0562752823   Ticker: DBPI1CS LX    Launch: 17 Oct 2018

I1C-S
ISIN: LU0562752823   Ticker: DBPI1CS LX    Launch: 17 Oct 2018

I1C-U
ISIN: LU0462954479   Ticker: DBSI1CU LX    Launch: 30 Jun 2010

I1D-G
ISIN: LU1106524371   Ticker: DBSI1DG LX    Launch: 24 Sep 2014

I1D-U
ISIN: LU1106524454   Ticker: DBSI1DU LX    Launch: 18 Jul 2018

I5C-E
ISIN: LU1125015500   Ticker: DBPI5CE LX    Launch: 31 Oct 2014

I5C-G
ISIN: LU1394176827   Ticker: DBSI5CG LX    Launch: 30 Jun 2016

I5C-U
ISIN: LU1125015336   Ticker: DBPI5CU LX    Launch: 31 Oct 2014

I5D-G
ISIN: LU1266813309   Ticker: DBPSI5D LX    Launch: 26 Aug 2015

R0C-E
ISIN: LU0871989108   Ticker: DBSROCE LX    Launch: 30 Oct 2013

R0C-G
ISIN: LU0871989017   Ticker: DBSROCG LX    Launch: 17 Sep 2014

R0C-U
ISIN: LU0871988985   Ticker: DBPR0CU LX    Launch: 10 Jun 2015

R1C-A
ISIN: LU0559381560   Ticker: DBSR1CA LX    Launch: 9 Feb 2011

R1C-C
ISIN: LU0627757692   Ticker: DBSR1CC LX    Launch: 8 Jun 2011

R1C-E
ISIN: LU0462954800   Ticker: DBSRICE LX    Launch: 14 Jul 2010

R1C-G
ISIN: LU0462955013   Ticker: DBSR1CG LX    Launch: 22 Dec 2010

R1C-N
ISIN: LU0935837368   Ticker: DBSR1CN LX    Launch: 19 Jun 2013

R1C-S
ISIN: LU0562753474   Ticker: DBSR1CS LX    Launch: 8 Jun 2011

R1C-U
ISIN: LU0462954982   Ticker: DBSRICU LX    Launch: 14 Jul 2010

R5C-G
ISIN: LU1125015252   Ticker: DBPR5CG LX    Launch: 31 Oct 2014

R5C-U
ISIN: LU1125015096   Ticker: DBPR5CU LX    Launch: 31 Oct 2014

R6C-C
ISIN: LU1306442010   Ticker: DBPR6CG LX    Launch: 4 Nov 2015

R6C-E
ISIN: LU1125015922   Ticker: DBPR6CE LX    Launch: 31 Oct 2014

R6C-G
ISIN: LU1125015849   Ticker: DBPR6CG LX    Launch: 31 Oct 2014

R6C-U
ISIN: LU1125015682   Ticker: DBPR6CU LX    Launch: 31 Oct 2014

Documents

MONTHLY REPORT
PROSPECTUS
  1. Prospectus - Alma Platinum IV
KIIDS Other sub-funds and other languages
available upon request