20200415_vdhi_mitteilung_macroequity_global_investments_sicav.pdf. SphereInvest Global UCITS SICAV plc SphereInvest Global Credit Strategies Fund 16,341,000 Temple Global Fund SICAV plc Temple Global Innovation Fund 4,798,000 Temple Global Fund SICAV plc Temple Global Value Fund 17,829,000 The Timeless Precious Metal Fund SICAV plc - 2,488,000 The Timelesss Uranium Fund SICAV plc - 434,000

As at 30 June 2020, the total net assets of Standard Life Investments Global SICAV (the “Company”) stood at USD 17,894,437,088. The Company's objective is to provide the shareholder with a choice of professionally managed subfunds (the “Subfunds”) investing in a wide range of

20200415_vdhi_mitteilung_macroequity_global_investments_sicav.pdf. Standard Life Investments Global SICAV II Enhanced-Diversification Multi Asset Fund Euro €10 20 July 2016 MyFolio Sub-funds Standard Life Investments Global SICAV II MyFolio Multi-Manager I Fund Euro €10 12 December 2016 Standard Life Investments Global SICAV II MyFolio Multi-Manager II Fund Euro €10 12 December 2016 Standard Life ...

Aug 25, 2023 · The Sub-fund seeks regular and current income through making investments in bonds, equity securities and bank deposits on a global and opportunistic basis. It also aims to provide long-term capital appreciation through select ed investments in equity securities.

Company information. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. JPMorgan Asset Management (Europe) Société à responsabilité limitée, has its registered offices at 6, route de Trèves, L-2633 Senningerberg, Luxembourg. 6. Dec 31, 2020 · LU1204123456 Structured Investments SICAV GS Modified Strategy On The Bloomberg Commodity Index (Ex Agriculture And Livestock) Portfolio GS Modified Strategy On The Bloomberg Commodity Index (Ex Agriculture And Livestock) Portfolio - Class C EUR HEDGED 24.07.2020 - 31.12.2020 EUR n/a 0.0297 30/06/2021 Yes

Performance data from 30.11.2012 to 31.01.2022. The JPMorgan Funds - Global Macro Opportunities Fund is a specific portfolio within the JPMorgan Funds, an open-ended investment company organised under Luxembourg law as a societe anonyme qualifying as a SICAV and authorised under Part 1 of the Luxembourg law of 17.12.2010. Although systematic global macro programs are diverse, they share many common characteristics. First, they typically trade the global futures and forwards markets in the fixed income, currencies, commodities and equity indices and sectors. Second, investment decisions are made algorithmically, based on mechanical rules devised Multi-Factor Equity Fund 28.State Street Multi-Factor Global ESG Equity Fund Quantitative Equity Funds 29.State Street Europe Enhanced Equity Fund 30.State Street North America Enhanced Equity Fund 31.State Street Asia Pacific EnhancedEquity Fund 32.State Street Global Enhanced Equity Fund 33.State Street Emerging Markets SRI Enhanced Equity Fund Section 1: Overview Though the definition is fairly open-ended, Global Macro strategies generally involve directional positioning across a broad range of markets and asset classes based on technical and/or fundamental1 analysis. As at 30 June 2020, the total net assets of Standard Life Investments Global SICAV (the “Company”) stood at USD 17,894,437,088. The Company's objective is to provide the shareholder with a choice of professionally managed subfunds (the “Subfunds”) investing in a wide range of Multi-Factor Equity Fund 28.State Street Multi-Factor Global ESG Equity Fund Quantitative Equity Funds 29.State Street Europe Enhanced Equity Fund 30.State Street North America Enhanced Equity Fund 31.State Street Asia Pacific EnhancedEquity Fund 32.State Street Global Enhanced Equity Fund 33.State Street Emerging Markets SRI Enhanced Equity Fund Feb 27, 2023 · While alternative investments overall trended downward in 2022, the buyout and growth categories took the brunt of the macro headwinds. Buyout blues. Global buyout value (excluding add-ons) totaled $654 billion for the year, a 35% decline from 2021. Overall deal count, meanwhile, fell 10% to 2,318 transactions (see Figure 7). There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus. Consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation. 1037437-00003-00. ISN,Investment NAME,Factsheet,Sales Prospect,General Information,Monthly Report,Semi-Annual Report,Annual Report,Links LU0333940475,Eurotax All Invest B,https ... Company information. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. JPMorgan Asset Management (Europe) Société à responsabilité limitée, has its registered offices at 6, route de Trèves, L-2633 Senningerberg, Luxembourg. 6.

Section 1: Overview Though the definition is fairly open-ended, Global Macro strategies generally involve directional positioning across a broad range of markets and asset classes based on technical and/or fundamental1 analysis. Jan 5, 2023 · Private equity: macroeconomic influences to drive trends in 2023. Since the global financial crisis, the private equity and venture capital (PE&VC) sector has enjoyed two major tailwinds: (1) easy money and (2) global peace. Easy money stemmed from abysmally low interest rates. Geopolitics was largely supportive as strategic differences of key ... Aug 17, 2020 · Société d'investissement à Capital Variable - SICAV: A Société d'investissement à Capital Variable, or SICAV, is a publicly traded open-end investment fund structure offered in Europe. SICAV ... address: c/o Universal-Investment-Luxembourg S.A., 15, rue de Flaxweiler, Grevenmacher, LU-GR, L - 6776, LU PERE-UI-Fonds FCP-FIS (LEI# 529900G7JYRGPENSF604) is a legal entity registered with Herausgebergemeinschaft Wertpapier-Mitteilungen Keppler, Lehmann GmbH & Co. KG .

20230623_1741 Alternative Investments SICAV_Mitteilung an die Anleger.pdf 23.06.2023 20230614_Satzung inkl. Beilagen_CREA Vision_EN.pdf 14.06.2023

There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus. Consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation. 1037437-00003-00.

SICAV. Global Equity Dividend Fund. An actively managed, focused global portfolio of typically 60-80 companies that have the potential for an attractive yield and the ability to grow dividends, underpinned by high-quality fundamentals. The fund is categorised as Article 8 under Sustainable Finance Disclosure Regulation (SFDR). ISIN LU1697877865. Aug 25, 2023 · The Sub-fund seeks regular and current income through making investments in bonds, equity securities and bank deposits on a global and opportunistic basis. It also aims to provide long-term capital appreciation through select ed investments in equity securities. Montrusco Bolton Investments Inc., 1501 McGill College Avenue, Suite 1200, Montréal (Québec) H3A 3M8 Tel : 514-842-6464 / [email protected] The Team behind the Numbers Jean David Meloche is Portfolio Manager for U.S. and Global equities since 2009. He was appointed Head of Global Equities in 2018. JD Montrusco Bolton Investments Inc., 1501 McGill College Avenue, Suite 1200, Montréal (Québec) H3A 3M8 Tel : 514-842-6464 / [email protected] The Team behind the Numbers Jean David Meloche is Portfolio Manager for U.S. and Global equities since 2009. He was appointed Head of Global Equities in 2018. JD

As at 30 June 2020, the total net assets of Standard Life Investments Global SICAV (the “Company”) stood at USD 17,894,437,088. The Company's objective is to provide the shareholder with a choice of professionally managed subfunds (the “Subfunds”) investing in a wide range of PROSPECTUS - JULY 2023 JPMorgan Investment Funds Société d’Investissement à Capital Variable Luxembourg VISA 2023/173556-1681-0-PC L'apposition du visa ne peut en aucun cas servir Although systematic global macro programs are diverse, they share many common characteristics. First, they typically trade the global futures and forwards markets in the fixed income, currencies, commodities and equity indices and sectors. Second, investment decisions are made algorithmically, based on mechanical rules devised Standard Life Investments Global SICAV II Enhanced-Diversification Multi Asset Fund Euro €10 20 July 2016 MyFolio Sub-funds Standard Life Investments Global SICAV II MyFolio Multi-Manager I Fund Euro €10 12 December 2016 Standard Life Investments Global SICAV II MyFolio Multi-Manager II Fund Euro €10 12 December 2016 Standard Life ... David J. Eiswert,Portfolio Manager. David Eiswert is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is the portfolio manager for the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. Prior to his current role, Mr. Eiswert was the portfolio manager for the Global Technology Strategy from ... There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus. Consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation. 1037437-00003-00. May 23, 2023 · Our Funds. *Sustainability related disclosures, where applicable for Funds Promoting Environmental or Social Characteristics (Article 8) and Funds with Sustainable Investment or Reduction in Carbon Emissions as their Objective (Article 9) can be found in the above Funds table under the "Sustainability Related Disclosures" column. June 28, 2023 | The new, more volatile economic regime provides different yet abundant investment opportunities. Persistent supply constraints are compelling major central banks to hold policy rates high. We find opportunities by getting granular within asset classes and harnessing mega forces. Read the Outlook report (PDF) Long/Short Equity Global – Quantitative (AUM > $1bn) Best Performing Fund over 4 Years Allspring Lux Worldwide Fund – Global Long/ Short Equity Fund (Allspring Global Investments) ESG Strategy: SFDR Article 9 Equity Strategy Best Performing Fund in 2021 and over 2 Years LUX IM – ESG Ambienta Alpha Green (AMBIENTA SGR) Equity Market ... Your Partner for Progress. Generali Investments* is an ecosystem of asset management firms, delivering a portfolio of specialist capabilities across various countries. Source: Generali Investments Holding S.p.A., data as at 30.06.2023. Generali Investments is part of the Generali Group, which was established in 1831 in Trieste as Assicurazioni ... Multicooperation SICAV – JULIUS BAER EQUITY GLOBAL EXCELLENCE NORTH AMERICA Multicooperation SICAV – JULIUS BAER FIXED INCOME EMERGING MARKETS HARD CURRENCY Multicooperation SICAV –JULIUS BAER FIXED INCOME INVESTMENT GRADE CORPORATE (USD) Company information. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. JPMorgan Asset Management (Europe) Société à responsabilité limitée, has its registered offices at 6, route de Trèves, L-2633 Senningerberg, Luxembourg. 6. Performance data from 30.11.2012 to 31.01.2022. The JPMorgan Funds - Global Macro Opportunities Fund is a specific portfolio within the JPMorgan Funds, an open-ended investment company organised under Luxembourg law as a societe anonyme qualifying as a SICAV and authorised under Part 1 of the Luxembourg law of 17.12.2010. ISN,Investment NAME,Factsheet,Sales Prospect,General Information,Monthly Report,Semi-Annual Report,Annual Report,Links LU0333940475,Eurotax All Invest B,https ... Suisse Global Macro Hedge Fund Index. While shortcomings associ-ated with hedge fund benchmark construction and composition exist, we believe that the use of this index represents the broad global macro investment set and presents a directionally accurate compari-son relative to other investment benchmarks and strategies. “The investment objective of Mirova Global Green Bond Fund (the “Sub-Fund”) is to invest in bonds that generate environmental and/or social benefits provided that such sustainable investment do not significantly harm any of the sustainable objectives as defined by EU Law SICAV III refers to the Select Investment Series III SICAV, a Luxembourg UCITS. Daily performance data is based on the latest available NAV. Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised. Momentum Global Funds SICAV 3 year return Investment statistics Fund details¹ 19 May 2020 Please refer to the Prospectus for full details of the fund, its charges, the investment objective and investment policy. The Fund aims to deliver returns comparable with the MSCI World Index over a rolling 3-year period. The Fund is actively managed ...

currency favorite nav previous nav change nav history fund update; date price date price 2019-01-07 06:06:59 Last Update Date 2021-07-15 07:09:24 Status ISSUED Next Renewal Date 2022-07-08 02:58:49 Managing L O U 5299000J2N45DDNE4Y28 [Herausgebergemeinschaft Wertpapier-Mitteilungen Keppler, Lehmann GmbH & Co. KG] Validation Sources ENTITY_SUPPLIED_ONLY Validation Authority Validation Authority I D RA999999 The list of SFC-accepted Investment sub-manager entities of the SICAV is set out in the section “Investment sub-managers” under “Management and Governance” of the Prospectus. The Investment sub-manager(s) of a fund may change from one entity to another in the list from time to time without the prior approval of the SFC. Suisse Global Macro Hedge Fund Index. While shortcomings associ-ated with hedge fund benchmark construction and composition exist, we believe that the use of this index represents the broad global macro investment set and presents a directionally accurate compari-son relative to other investment benchmarks and strategies. Fundsmith SICAV (formerly Fundsmith . Equity Fund SICAV) Société d'Investissement à Capital Variable . Semi-Annual Report and Unaudited Financial Statements . for the period from 1 January 2021 to 30 June 2021 . R.C.S. Luxembourg B164404 . Subscriptions can only be made on the basis of the current Prospectus, the Key Investor Information ... Aug 17, 2020 · Société d'investissement à Capital Variable - SICAV: A Société d'investissement à Capital Variable, or SICAV, is a publicly traded open-end investment fund structure offered in Europe. SICAV ... The list of SFC-accepted Investment sub-manager entities of the SICAV is set out in the section “Investment sub-managers” under “Management and Governance” of the Prospectus. The Investment sub-manager(s) of a fund may change from one entity to another in the list from time to time without the prior approval of the SFC.

Fee (Max) Initial investment/balance Additional investment Redemption A 5.00% 0.65% USD1,000 USD100 USD100 Q - 0.31% USD1,000 USD100 USD100 I - 0.31% USD2.5 million USD100 - S - - USD10 million - - See “Notes on Fund Costs” on page 21. Bond Funds Select Investment Series III SICAV – MFSA-PUBLIC Page 1 of 10 NET ASSET VALUE (€) - LOCALLY-BASED COLLECTIVE INVESTMENT SCHEMES September 2021 Scheme Name Sub-Fund Name September 2021 NAV (€) Alpine Fund SICAV plc Alpine Multiple Opportunities Fund 17,969,000 The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). SICAV. SICAV stands for Société d’Investissement à Capital Variable, or investment company with variable capital (also known as an ‘open-ended investment company’) and which issues shares. With SICAVs, the fund itself is a stock corporation and thus a legal entity. The company’s capital depends on the amounts paid in by investors. Jun 5, 2014 · Company relations and network for Ina Jana Mangelsdorf-Wallner, Luxembourg: T-Twins GP Sàrl, T-Twins 1 Sàrl, T-Twins 2 Sàrl, Von der Heydt Invest SA, Pimas-Umbrella Sicav SICAV and more 2019-01-07 06:06:59 Last Update Date 2021-07-15 07:09:24 Status ISSUED Next Renewal Date 2022-07-08 02:58:49 Managing L O U 5299000J2N45DDNE4Y28 [Herausgebergemeinschaft Wertpapier-Mitteilungen Keppler, Lehmann GmbH & Co. KG] Validation Sources ENTITY_SUPPLIED_ONLY Validation Authority Validation Authority I D RA999999 Multi-Factor Equity Fund 28.State Street Multi-Factor Global ESG Equity Fund Quantitative Equity Funds 29.State Street Europe Enhanced Equity Fund 30.State Street North America Enhanced Equity Fund 31.State Street Asia Pacific EnhancedEquity Fund 32.State Street Global Enhanced Equity Fund 33.State Street Emerging Markets SRI Enhanced Equity Fund Global Macro Global macro strategies have been around for decades. While no two strategies are the same, this group of strategies has evolved over time and is characterized by a number of similar characteristics. First is the broad opportunity set in which they operate, which includes, equities, bonds, currencies, and commodities. Capabilities - Equity. As of June 30, 2018, Invesco manages over US$446.9 billion of equity assets globally. Our styles include fundamental and quantitative; global, regional and single country; large-, mid-, small- and multi-cap; core, value and growth. Teams of dedicated, on-the-ground investment professionals focus is to provide investment ... 20230623_1741 Alternative Investments SICAV_Mitteilung an die Anleger.pdf 23.06.2023 20230614_Satzung inkl. Beilagen_CREA Vision_EN.pdf 14.06.2023 SphereInvest Global UCITS SICAV plc SphereInvest Global Credit Strategies Fund 16,341,000 Temple Global Fund SICAV plc Temple Global Innovation Fund 4,798,000 Temple Global Fund SICAV plc Temple Global Value Fund 17,829,000 The Timeless Precious Metal Fund SICAV plc - 2,488,000 The Timelesss Uranium Fund SICAV plc - 434,000 May 23, 2023 · Our Funds. *Sustainability related disclosures, where applicable for Funds Promoting Environmental or Social Characteristics (Article 8) and Funds with Sustainable Investment or Reduction in Carbon Emissions as their Objective (Article 9) can be found in the above Funds table under the "Sustainability Related Disclosures" column. Italy Xenon Private Equity Small Cap SCA SICAV‐RAIF Investment and Advisory SA Generalist Signed 23/11/2025 Fund Italy Itago IV ITAGO SGR S.p.A. Generalist Signed 18/12/2025 Fund Italy UV T‐Growth United Ventures SGR SPA ICT Signed 30/06/2026 Fund Italy Alcedo V ALCEDO SGR S.p.A. Generalist Signed 15/09/2026 Fund MFSA-PUBLIC Page 1 of 10 NET ASSET VALUE (€) - LOCALLY-BASED COLLECTIVE INVESTMENT SCHEMES September 2021 Scheme Name Sub-Fund Name September 2021 NAV (€) Alpine Fund SICAV plc Alpine Multiple Opportunities Fund 17,969,000 “The investment objective of Mirova Global Green Bond Fund (the “Sub-Fund”) is to invest in bonds that generate environmental and/or social benefits provided that such sustainable investment do not significantly harm any of the sustainable objectives as defined by EU Law Although systematic global macro programs are diverse, they share many common characteristics. First, they typically trade the global futures and forwards markets in the fixed income, currencies, commodities and equity indices and sectors. Second, investment decisions are made algorithmically, based on mechanical rules devised PROSPECTUS - JULY 2023 JPMorgan Investment Funds Société d’Investissement à Capital Variable Luxembourg VISA 2023/173556-1681-0-PC L'apposition du visa ne peut en aucun cas servir

An active, style agnostic, high conviction and risk-managed global equity strategy that aims to deliver positive excess returns. Typically invested in 30-45 mid-large cap companies, the fund seeks to invest in strong businesses with durable competitive advantages across a wide spectrum of disruptors, secular growers, and cyclicals/turnarounds.

SICAV. SICAV stands for Société d’Investissement à Capital Variable, or investment company with variable capital (also known as an ‘open-ended investment company’) and which issues shares. With SICAVs, the fund itself is a stock corporation and thus a legal entity. The company’s capital depends on the amounts paid in by investors.

Fundsmith SICAV (formerly Fundsmith . Equity Fund SICAV) Société d'Investissement à Capital Variable . Semi-Annual Report and Unaudited Financial Statements . for the period from 1 January 2021 to 30 June 2021 . R.C.S. Luxembourg B164404 . Subscriptions can only be made on the basis of the current Prospectus, the Key Investor Information ... An active, style agnostic, high conviction and risk-managed global equity strategy that aims to deliver positive excess returns. Typically invested in 30-45 mid-large cap companies, the fund seeks to invest in strong businesses with durable competitive advantages across a wide spectrum of disruptors, secular growers, and cyclicals/turnarounds. Fundsmith SICAV (formerly Fundsmith . Equity Fund SICAV) Société d'Investissement à Capital Variable . Semi-Annual Report and Unaudited Financial Statements . for the period from 1 January 2021 to 30 June 2021 . R.C.S. Luxembourg B164404 . Subscriptions can only be made on the basis of the current Prospectus, the Key Investor Information ... Jul 31, 2023 · Actual MERs may vary. The following lists the management expense ratios for Capital Group Global Equity Fund (Canada) before waivers or absorptions for the 12-month period ended December 31, 2022: Series A, 1.91%; Series D, 1.15%; Series F, 0.81%; Series T4, 1.92%; Series F4, 0.81%; Series I, 0.06%. Updated on a monthly basis. Multicooperation SICAV – JULIUS BAER EQUITY GLOBAL EXCELLENCE NORTH AMERICA Multicooperation SICAV – JULIUS BAER FIXED INCOME EMERGING MARKETS HARD CURRENCY Multicooperation SICAV –JULIUS BAER FIXED INCOME INVESTMENT GRADE CORPORATE (USD) Fundsmith SICAV (formerly Fundsmith . Equity Fund SICAV) Société d'Investissement à Capital Variable . Semi-Annual Report and Unaudited Financial Statements . for the period from 1 January 2021 to 30 June 2021 . R.C.S. Luxembourg B164404 . Subscriptions can only be made on the basis of the current Prospectus, the Key Investor Information ... Allianz Global Investors Fund SICAV Allianz Global Fundamental Strategy RT2 (H-GBP) LU1136180517 GBP 15-Dec-14 30-Sep-15 1,6253 31 March 2016 N/A 0,0000 0,1519 Yes Yes Allianz Global Investors Fund SICAV Allianz Global Small Cap Equity IT (USD) LU0885397702 USD 1-Oct-14 30-Sep-15 0,0000 31 March 2016 N/A 0,0000 0,0000 Yes No

lever action 45 70 thumper v2shrek12 odbudowa komorkowankhl 20200415_vdhi_mitteilung_macroequity_global_investments_sicav.pdf craigslist houses for rent under dollar1000 [email protected] & Mobile Support 1-888-750-8875 Domestic Sales 1-800-221-4224 International Sales 1-800-241-5710 Packages 1-800-800-3192 Representatives 1-800-323-7127 Assistance 1-404-209-7272. T. ROWE PRICE FUNDS SICAV Global Equity Dividend Fund – ESG Report Providing transparency on Environment, Social and Governance aspects of the fund As at 30 June 2023 ESG INTEGRATION APPROACH • The Global Equity Dividend Fund uses ESG integration as part of its investment process. This means incorporating . thumb push button starter wiring diagram push button starter switch wiring diagram luxury help wiring up push start button ign switch 88 144174.jpeg Oct 6, 2020 · Since the1990s, global investment in private equity has increased from under $10 billion per year to well over $100 billion. Over the same period, there has also been a shift from public markets in major economies like the U.S. and UK. These developments are likely connected by the fact that small and mid-sized companies are staying private ... BASE INVESTMENTS SICAV - MACRO DYNAMIC (LEI# 549300HCCC3DJMBM0D87) is a legal entity registered with Business Entity Data B.V.. The address is 4, rue Robert Stumper, Luxembourg, LU-LU, L-2557, LU. Toggle navigation open corp data nine recipes wendymedicine for alzheimer Momentum Global Funds SICAV 3 year return Investment statistics Fund details¹ 19 May 2020 Please refer to the Prospectus for full details of the fund, its charges, the investment objective and investment policy. The Fund aims to deliver returns comparable with the MSCI World Index over a rolling 3-year period. The Fund is actively managed ... ufc 276 owhatpercent27s the score for sunday night football New Customers Can Take an Extra 30% off. There are a wide variety of options. Multicooperation SICAV – JULIUS BAER EQUITY GLOBAL EXCELLENCE NORTH AMERICA Multicooperation SICAV – JULIUS BAER FIXED INCOME EMERGING MARKETS HARD CURRENCY Multicooperation SICAV –JULIUS BAER FIXED INCOME INVESTMENT GRADE CORPORATE (USD) Standard Life Investments Global SICAV II Enhanced-Diversification Multi Asset Fund Euro €10 20 July 2016 MyFolio Sub-funds Standard Life Investments Global SICAV II MyFolio Multi-Manager I Fund Euro €10 12 December 2016 Standard Life Investments Global SICAV II MyFolio Multi-Manager II Fund Euro €10 12 December 2016 Standard Life ... SICAV III refers to the Select Investment Series III SICAV, a Luxembourg UCITS. Daily performance data is based on the latest available NAV. Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised.