Introduction: Thalesia is a tech company specialized in investment management-related services, which include automated investment analysis, risk-return management and reporting systems. Based on the Thales theorem, Thalesia generates a balanced portfolio of long-only stocks, using big data technology to analyze iteratively the evolution of the top-performing companies and the global stock market.
Performance: With more than five years of track record, the portfolio has reached 51.96% of accumulated return since inception and 8.34% of annualized return, assuming limited risk levels, having invested in a diversified portfolio by sector, geography, company size and investment styles. The portfolio is prepared to withstand environments of greater uncertainty and volatility, due to portfolio construction process and imposed diversification. Portfolio performance in the top 30% percentile of comparable funds marketed in Spain.
The Investment fund: Our investment team, led by engineers, has reached an agreement with Andbank Asset Management Luxembourg as fund manager for the investment fund with ISIN LU2451274059, which is expected to start investing by the end of 2023.
Technology: Thalesia has built a unique state-of-the-art technology based on public and private data as the result of the layered composition of the whole data. The information is complemented with other data layers such as company fundamentals, ESG metrics, indexes, commodities and exchange rates.
The process: Through a disciplined investment funnel, our AI-Powered model compiles the top performing global portfolios, discarding which do not comply with key facts of risk and return. Extracting the key information, Thalesia generates a balanced portfolio of long-only stocks, seeking to generate attractive risk-adjusted long-term returns investing in leading global companies. The team has developed a proprietary display tool for the Thalesia ecosystem.
Investment Fund Details: Fund Name:Athenee FCP Global Equity Fund Fund ISIN is LU2451274059 Fund Type: UCITS Exchange: Luxembourg Stock Exchange Inception Date: 01/08/2023 Number of holdings: Between 25 and 35 Fund advisor: Thalesia Capital EAF Fund Investment Manager: Andbank Asset Management Luxembourg
Where to buy the fund, or how to invest with Thalesia: Fund is available in different platforms (Myinvestor, Interactive Brokers, Allfunds and through commercial bankins). You can buy it login into their platforms and looking for the ISIN LU2451274059. You can also invest in the fund advised by Thalesia from its website www.thalesia.com, click on the "Onboarding" button at the top of the page, if you don't have an account yet, or by clicking on the "Invest Now" button if you already have an account.
Investment Policy: The Sub-Fund seeks to achieve its objective by investing across a wide range of industries in a global diversified portfolio of equity instruments. The Investment Manager follows a screening methodology which uses a combination uses a combination of a top-down and stock picking analysis from a non-constraint universe of stocks and portfolios that outperformed its own peers in terms of fundamental metrics, and selects an optimal stock combination, in terms of quantitative and qualitative data such as volumes, market correlation, industry sector, geographical allocation and business model, generating a balanced portfolio in terms of weight, risk, volatility and return with a low dependence on the economic cycles. Essentially the Sub-Fund will invest in companies domiciled in, listed in, or the main business of which is, in OECD countries with no predetermination as to the selection of the market capitalization of the companies. Investments in Emerging Countries will not exceed the 20% of the portfolio. The Sub-Fund might also invest up to 10% indirectly through ADRs/GDRs, in companies domiciled in, or with main activities, within the Peoples Republic of China, Hong Kong and Macao. For more information refer to the section County Risk - China in the Special Risk Considerations chapter of this document. Depending on the investment manager expectations resulting from the methodology applied, the Sub-Fund may punctually be primarily invested in a single country or in a specific geographical area. The Sub-Fund will not invest more than 10% of its assets in UCITS or other UCIs.
Investment Objective: The Sub-Fund aims to achieve long-term capital appreciation by investing in a global equity portfolio.
Funds Investment Manager: Created in Luxembourg under the regulatory umbrella of Andbank Asset Management, Athenee FCP Global Investment Fund is the investment Sub-Fund advised by Thalesia Capital. Athenee FCP is a Luxembourg common investment fund (Fonds Commun de Placement). Andbank Asset Management is an investment fund management company committed to providing services for individuals, companies and institutions. Andbank Asset Management is registered with the Luxembourg Corporate and Trade Register under number B147174S, and is a Management Company authorised and supervised by the Financial Supervisory Committee (CSSF).
Thalesia Team: The team is composed by two team members. First, Vlad Roibu, who is investment advisor in the Athenee FCP Global Equity Fund. Vlad worked in a FCA regulated broker, where he participated in the integration of stocks and futures as operable assets. He also worked for Deloitte and Aquila Capital. Vlad is Civil Engineering and Master in Management from IE Business School. Second, Carlos Mateos, who is investment advisor in the Athenee FCP Global Equity Fund. Carlos worked in Altamar Capital Partners, a Private Equity Fund of Funds, firstly in the M&A department, and later in Corporate Development. Carlos is Civil Engineering and Master in Management from IE Business School.
Thalesia contact information: The email is info@thalesia.com, the address is Calle Orense 69, 28020, Madrid, Spain.
Risk Profile: The value of equity securities is subject to strong price fluctuations in response to the performance of individual companies and general market conditions. Emerging markets may be subject to increased political, regulatory and economic instability, less developed custody and settlement practices, poor transparency and greater financial risks. Emerging markets securities may also be subject to higher volatility and lower liquidity than non-emerging markets securities. The Sub-Funds ability to invest in and to liquidate its assets may, from time to time, be restricted by the liquidity of the market for those assets. Regulated markets may undergo temporary or prolonged closures and may impose a suspension or limitation on trading in a security traded on the relevant exchange or market. The net asset value of the Sub-Fund as expressed in USD will fluctuate in accordance with the changes in the foreign exchange rates between USD and the currencies in which the Sub-Funds investments are denominated. The Sub-Fund may therefore be exposed to a foreign exchange/currency risk.
SFDR: The Investment Manager of the Sub-Fund decides not to currently consider the adverse effects of investment decisions on sustainability factors for the Fund as defined in Article 7 (2) of the SFDR Regulation. As per the current investment strategy and the composition of the portfolio, the Investment Manager assesses that such impact deems not to be relevant and does not currently have the capabilities for collecting ESG elements for determining and weight with more accuracy the negative sustainability effects. The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
Risk Management: The method retained by the Management Company for the determination of the global risk exposure of the Sub-Fund is the commitment approach.
Classes of Units of the investment fund: Class A (accumulation) denominated in USD and intended for retail and institutional investors. Base currency USD. Class B (accumulation) denominated in Euro and intended for retail and institutional investors. Base currency EUR.
Net Asset Value: The Valuation Day of the Sub-Fund is each Business Day, if such day is not a Business Day in Luxembourg, then the Valuation Day will be the following Business Day. As of such Valuation Day, the Net Asset Value per Unit is determined by reference to the last available prices of the underlying assets of the relevant Class within the Sub-Fund. - in respect of each Valuation Day, the Net Asset Value per Unit will be dated that Valuation Day and calculated and published two Business Days after that Valuation Day. - any application for subscription, conversion or redemption must be received by the Registrar and Transfer Agent (on behalf of the Management Company from the Agents (if any) or directly from the subscriber) prior to 12.00. a.m. (noon) Luxembourg time at the latest on the Business Day preceding the relevant Valuation Day (being the cut-off time for the Sub-Fund). All subscriptions, conversions or redemptions will be handled on the basis of an unknown Net Asset Value.
Fund despoit and withdrawals: Applications for the Sub-Fund received after the relevant cut-off time shall be deemed to have been received in respect of the next following Valuation Day. Payments for subscriptions and redemptions shall be made no later than 2 Business Days following the relevant Valuation Day. Initial subscriptions: The initial subscription period in the Class A is from March 7, 2022 to March 14, 2022 (before 12.00 a.m. (noon) Luxembourg time). Subscriptions shall be accepted at a price per Unit of USD 10- and with payment value date March 14, 2022. The initial subscription period in the Class B is from March 7, 2022 to March 14, 2022 (before 12.00 a.m. (noon) Luxembourg time). Subscriptions shall be accepted at a price per Unit of EUR 10- and with payment value date March 14, 2022.
The Board of Directors reserves the right to close the initial subscription period before the scheduled date. If no subscription has been received on the closing of the initial subscription period, the launch date will be the next Business Day on which the first subscriptions for the relevant Class(es) will have been accepted at the relevant initial price defined here above. The Board of Directors at its own discretion may establish an extension of the initial subscription period and/or a change of the launch date.
Minimum Initial Investment: There is no minimum initial investment required in Classes A and B.
Investment fund fees and charges: Sales Charge: No sales charge will be levied. Redemption fee: No redemption fee will be levied. Total Expense Ratio: The total expense ratio is variable, depending on the assets under management, but has an approximate value of 2% per year.
Investment Advisor: The Management Company has appointed, at the expenses of the Sub-Fund, Thalesia Capital EAF SL having its registered office at Calle Orense 69.
Thalesia Company Regulation: Thalesia Capital EAF SL is a Spanish company authorized by the Comision Nacional del Mercado de Valores (the CNMV) incorporated on October 26, 2021 and has been appointed by the Management Company for his specific knowledge and skills, in the best interest of the Sub-Fund. The function of Thalesia Capital EAF SL will be strictly limited to the provision of investment advice on any particular category of assets in the Sub-Fund. Thalesia Capital EAF SL will keep the investments of the Sub-Fund under constant review and address recommendations to the Management Company in connection with the investment and reinvestment of the Sub-Funds portfolio. Thalesia Capital EAF SL has developed an equity selection model. The Management Company has reviewed and validated the model methodology after the presentation made by Thalesia Capital EAF SL. Thalesia Capital EAF SL will be submitting the template with the justification containing the output of the model (the selection) in addition to another file with the list of trades to rebalance and adjust the portfolio to the Management Company.
Methodology used by the Investment Advisor: The methodology used by the Investment Advisor is an internally developed screening methodology, using big data technology of public financial information.
Luxembourg Tax Considerations: The Sub-Fund is liable in Luxembourg to a tax of 0.05% per annum of its Net Asset Value, such tax being payable quarterly on the basis of the Net Asset Value of the Sub-Fund at the end of the relevant quarter. The portion of assets which are invested in units of UCITS and UCIs shall be exempt from such tax as far as those UCITS and UCIs are already submitted to this tax in Luxembourg.
KIID, Key Investor Information: This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest.
Objectives and investment policy: The Sub-Fund aims to achieve long-term capital appreciation by investing in a global equity portfolio. The Sub-Fund seeks to achieve its objective by investing across a wide range of industries in a global diversified portfolio of equity instruments. Essentially the Sub-Fund will invest in companies domiciled in, listed in, or the main business of which is, in OECD countries with no predetermination as to the selection of the market capitalization of the companies. Investments in Emerging Countries will not exceed the 20% of the portfolio. The Sub-Fund might also invest up to 10% indirectly through ADRs / GDRs, in companies domiciled in, or with main activities, within the Peoples Republic of China, Hong Kong and Macao. The Sub-Fund will not invest more than 10% of its assets in UCITS or other UCIs. The Sub-Fund may invest on an ancillary basis up to 20% of its assets in cash and cash equivalents such as sight bank deposits. The Sub-Fund is actively managed without reference to a benchmark.
Non-distributing units: any income generated by the Sub-Fund is reinvested.
Other information: Historical data used may not be a reliable indication of the future risk profile of the Sub-Fund. This category is not guaranteed to remain unchanged and may shift over time. The lowest class does not mean that the investment is risk free. This fund was categorised in risk class 6 because, in accordance with the investment policy, the value of the investments may fluctuateconsiderably. Consequently, both the expected return and the potential risk of loss may be high. This indicator is based on the historical weekly volatility of Euro Overnight Index Average over the past 5 years and places the Sub-Fund in this category.
The Sub-Fund is subject to the following risks: Liquidity risk: Securities may become less liquid during extreme market conditions and it may be difficult for unitholders to get redemption proceeds in a timely manner. Counterparty risk: Risk that the counterparty to mutually agreed contracts does not meet its obligations. Operational risk: Risk of material loss resulting from human error, technical faults, inappropriate procedures or controlling. Currency risk: Investments in securities denominated in currencies other than the Sub-Fund's Base Currency may be subject to adverse fluctuation in currency exchange rates. Duplication of certain fees and expenses: Where investments are made in other funds, this might result in duplication of certain fees and expenses for investors. Investors are also subject to potential risks associated with such funds. Market risk: The value of assets in the portfolio is typically dictated by a number of factors, including the confidence levels of the market in which they are traded. Sustainability risks: Risk of the occurrence of an environmental, social or governance event or condition that could cause an actual or a potential material negative impact on the value of the investment. China risk: The value and performance of investments made in Chinese markets may be affected by uncertainties and sensitivity arising from the major change in economic, social and political policy in the People's Republic of China ("PRC").
Practical information: The Depositary of the fund is Quintet Private Bank (Europe) S.A. Copies of the prospectus and of the last annual and semi-annual reports of the entire fund as well as other practical information such as the latest price for the shares may be obtained free of charge, in English, at the registered office of the fund: 4, rue Jean Monnet L-2180 Luxembourg, Grand Duchy of Luxembourg and on the following website: https://www.andbank.com/luxembourg/. The tax legislation in Luxembourg may have an impact on your personal tax position. You have the right to convert your investment in the Sub-Fund for units of another sub-fund of Athenee FCP under the conditions described in the fund's prospectus. The assets and liabilities of each sub-fund of Athenee FCP are segregated. Andbank Asset Management Luxembourg may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the fund. Information related to Andbank Asset Management Luxembourg's remuneration policy containing a description of how the remuneration and benefits are calculated, as well as the identity of the persons responsible for delivering the remuneration and benefits can be found in the prospectus and in the following web address: https://www.andbank.com/luxembourg/. You can obtain a paper copy free of charge, on request, at the registered office of the fund.