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- Silvercrest - All Roads Conservative, Syst. NAV Hdg, X1, (CHF) M A
Silvercrest
All Roads Conservative
ISINLU1976877388Silvercrest - All Roads Conservative, Syst. NAV Hdg, X1, (CHF) M A
ISINLU1976877388General information
| Asset Class | Multi-Asset | |
| Category | Conservative Profile | |
| Strategy | Risk-Based | |
| Fund base currency | EUR | |
| Share Class reference currency | CHF Hedged | |
| Dividend Policy | accumulated | |
| Total Assets (all classes) in mn | CHF 585.65 | 31.03.2025 |
| Assets (share class) in mn | CHF 0.07 | 31.03.2025 |
| Number of positions | 250 | 31.03.2025 |
| TER | 0.56% | 30.09.2024 |
Risk rating
Lower riskHigher risk
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Typically lower rewardTypically higher reward
Past performance is not a guarantee of future results. If the funds are denominated in a currency other than that in which the majority of the investor's assets are held, the investor should be aware that changes in rates of exchange may affect the value of the funds' underlying assets. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.
Performance & Statistics
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| As of |
| Share Class (Net) |
| Benchmark |
Sorry, we could not retrieve the data for this share class.
Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
Loading...
| As of |
| Share Class (Net) |
| Benchmark |
Sorry, we could not retrieve the data for this share class.
Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
Loading...
| As of |
| Share Class (Net) |
| Benchmark |
Sorry, we could not retrieve the data for this share class.
Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
| Fund | |
|---|---|
| Total Return | 5.20% |
| Annualized Return | 0.61% |
| Annualized Volatility | 2.57% |
| Sharpe Ratio | 0.29 |
| Downside Deviation | 1.72% |
| Positive Months | 54.00% |
| Maximum Drawdown | -6.18% |
* Risk-Free Rate -0.14%Target Rate -0.14%
Calculations based on monthly time series
Earliest Date: 17.01.2017, Latest date: 24.04.2025
Key risks
The following risks may be materially relevant
but may not always be adequately captured by the synthetic risk indicator and may cause additional loss:
Counterparty risk: When a fund is backed by a guarantee from a third party, or where its investment exposure is obtained to a material degree through one or more contracts with a counterparty, there could be a material risk that the counterparty to the transactions will fail to honor its contractual obligations. This may result in a financial loss to the Fund.
Risks linked to the use of derivatives and financial techniques: Derivatives and other financial techniques used substantially to obtain, increase or reduce exposure to assets may be difficult to value, may generate leverage, and may not yield the anticipated results. All of this could be detrimental to fund performance.
Model Risk: Models may be misspecified, badly implemented or may become inoperative when significant changes take place in the financial markets or in the organization. Such a model could unduly influence portfolio management and expose to losses.
Highlights
Silvercrest - All Roads Conservative is a long-only multi-asset risk-based strategy launched in January 2017. The Fund invests in various traditional risk premia such as equities, sovereign and corporate credit (in both DMs and EMs) and commodities. The strategy further diversifies the portfolio by building exposure to alternative risk premia to harvest market inefficiencies in a systematic and transparent manner. The Fund seeks to generate steady performance over market cycles, and aims to offer higher risk-adjusted returns while controlling risk. The fund takes a conservative stance with no economic leverage. The Fund’s investment approach applies a systematic, liquid and transparent risk-based allocation methodology. This is complemented by a separate risk budgeting approach based on dynamic drawdown management that aims to limit excessive losses.
Breakdowns
Portfolio Breakdown (in %)
| Fixed Income - Sovereign | 0.00% | 20.74% | |
| Volatility | 0.00% | 6.53% | |
| Fixed Income - Developed CDS | 0.00% | 6.43% | |
| Equities - Developed Markets | 0.00% | 5.67% | |
| Inflation | 0.00% | 5.67% | |
| Commodities | 0.00% | 5.36% | |
| Fixed Income - Emerging CDS | 0.00% | 4.22% | |
| Equities - Emerging Markets | 0.00% | 2.56% | |
| Non Euro Exposure of total portfolio | 0.00% | 1.15% |
Risk Contribution (in %)
| Fixed Income - Sovereign | 0.00% | 11.70% | |
| Fixed Income - Developed CDS | 0.00% | 11.46% | |
| Fixed Income - Emerging CDS | 0.00% | 2.63% | |
| Equities - Developed Markets | 0.00% | 29.97% | |
| Equities - Emerging Markets | 0.00% | 14.87% | |
| Inflation | 0.00% | 5.36% | |
| Commodities | 0.00% | 24.01% |
Perf. Contrib. 1M (in %, gross of fees)
| Fixed Income - Sovereign | 0.00% | -0.43% | |
| Fixed Income - Developed CDS | 0.00% | -0.15% | |
| Fixed Income - Emerging CDS | 0.00% | -0.02% | |
| Equities - Developed Markets | 0.00% | -0.24% | |
| Equities - Emerging Markets | 0.00% | -0.02% | |
| Inflation | 0.00% | 0.02% | |
| Commodities | 0.00% | 0.24% | |
| Volatility | 0.00% | -0.00% | |
| FX | 0.00% | -0.23% | |
| Others | 0.00% | 0.41% |
Managers
Aurèle Storno, CFAInvestment Management (Multi Asset)
Read more Aurèle is head of the Asset Allocation team and the lead portfolio manager of Silvercrest–All Roads. He is also the CIO of the Silvercrest Pension Fund, pioneer of our risk-based philosophy since October 2009.
Aurèle’s service with the firm dates back to August 2001, initially with the fund research unit, analysing both traditional long-only funds and hedge funds. He joined the centralised portfolio management unit for private clients in 2004. In 2006, he started managing pension fund mandates on the institutional global balanced desk, which he has been heading up since 2008.
Aurèle earned a master’s degree in engineering from the Swiss Federal Institute of Technology, Lausanne (EPFL) in 1999 and is a CFA Charterholder.
Sui Kai WongInvestment Management (Multi Asset)
Read more SuiKai is co-Portfolio Manager of LOF All Roads Multi-Asset fund and involved in the portfolio management of institutional mandates. He joined the team in November 2012 after a research internship, when he developed volatility measures and pooling strategy. He is leading key quantitative developments related to our multi-asset strategies, including the development and improvement of our risk budgeting techniques (drawdown management). Sui Kai earned a master’s degree in financial engineering from the Swiss Federal Institute of Technology (EPFL) in 2012. He also holds a bachelor’s degree in statistics from the University of Warwick.
Alain Forclaz, Ph.D.Investment Management (Multi Asset)
Read more Alain is Deputy CIO in LOIM’s Multi-Asset Group, supporting Aurèle Storno in the day-to-day supervision of team and
portfolio management activities. He also leads investor relations for the group. Prior to joining Silvercrest in 2016,
Alain founded Kereon Capital, where he managed a systematic global macro strategy. Prior to that, he spent over ten
years in the City of London. From 2007-2012 Alain was a Director at Royal Bank of Scotland, structuring, executing and
risk managing a wide range of fixed income derivative solutions for institutional clients. Prior to that he was a Vice
President on the structured credit desk at Credit Suisse First Boston. He started his career as a structured finance analyst
with Moody’s Investors Service in 2002. Alain earned a master’s degree in mathematics from the Swiss Federal Institute
of Technology, Lausanne (EPFL) and a PhD in mathematical sciences from Oxford University.
Legal information
General information
| Domicile | Luxembourg |
| Legal Form | SICAV |
| Regulatory Status | UCITS |
| Registered in | AT, BE, CH, DE, ES, FI, FR, GB, LI, LU, NL, NO, SE |
| Class launch date | 15.05.2020 |
| Close of financial year | 30 September |
| Dividend Policy | accumulated |
Fiscal Information
| DE Investmentsteuergesetz (InvStG) | Other Funds |
| AT Investmentfondsgesetz (InvFG) | Declared Fund |
| UK Reporting Status | No |
Management Company & Agents
| Management Company | Silvercrest Funds (Europe) S.A. |
| Custodian | CACEIS Bank, Luxembourg Branch |
| Auditor | PricewaterhouseCoopers |
| Portfolio valuation | CACEIS Bank, Luxembourg Branch |
Dealing
Dealing
| Subscriptions and redemptions frequency | daily |
| Subscriptions and redemptions cut-off day | T-1 |
| Subscriptions and redemptions cut-off time | 15:00 CET |
| Subscriptions and redemptions settlement date | T+2 |
| NAV valuation point | T |
| NAV calculation day | T+1 |
| NAV calculation frequency | daily |
| Minimum Investment | EUR 3'000 or equivalent |
| Management Fee | 0.40% |
| Distribution Fee | 0.00% |
Security Numbers
| BLOOMBERG | LOARCXS LX |
| ISIN | LU1976877388 |
| SEDOL | BJ7H954 |
| TELEKURS | 47182703 |
Prices
Prices over selected period
| Last | CHF | 0.00 | 10.52 | 24.04.2025 |
| First | CHF | 0.00 | 10.00 | 17.01.2017 |
| Highest | CHF | 0.00 | 10.83 | 02.09.2021 |
| Lowest | CHF | 0.00 | 9.98 | 30.01.2017 |
* Earliest Date: 17.01.2017, Latest date: 24.04.2025
