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Key Facts
ISIN FR0000292278
NAV: 19.44 EUR
NAV DATE: 29-Apr-2024
YTD PERF: 1.7%
YTD PERF. DATE: 31-Mar-2024
Total Net Assets (all classes, m) 823.3 EUR
Number of holdings 42
Weight of top 10 stocks 50.0%
Share Class Currency EUR
SFDR Article 8
Key Documents View all documents
Prospectus
DE
Prospectus - 21-Mar-2024
RISK INDICATOR
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This indicator represents the Fund’s risk level set out in the Key Information Document. It is not guaranteed and may change during the month.
Investment Policy
The management objective of the SICAV ("the Fund") is to seek a performance unrelated to an index, with a medium/long term outlook, through a selection of securities based on criteria related to the company and not to the stock markets of emerging countries. At least 60% of the SICAV’s assets are permanently invested in or exposed to shares issued by companies with their registered offices or that conduct the majority of their activities in emerging countries, with strong economic growth potential compared to the average for large industrialised countries.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).
Main Risks
This fund has the following core inherent risks (non-exhaustive list):
• Investing involves risk including possible loss of principal,
• The value of all investments and the income derived therefrom can decrease as well as increase,
• There is no assurance that the investment objective of the fund will be achieved,
• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.
A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.
PERFORMANCE & HOLDINGS As of 31-Mar-2024
CUMULATIVE PAST PERFORMANCE
Cumulative returns shown are monthly returns calculated on the last business day of each month.
Index: MSCI Emerging Markets - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report below.
Calendar Past Performance
This chart shows the fund’s performance as the percentage loss or gain per year over the last 10 years compared to the index.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past and compare it to the index. For the avoidance of doubt, the fund is actively managed. The index performance is provided for comparative and information purposes only.
Performance is shown after the deduction of ongoing charges. Any applicable entry and exit charges are excluded from the calculation. This share class came into existence in 1994. Past performance has been calculated in EUR.
Rolling Net (%)
| Annualised | |||||||
|---|---|---|---|---|---|---|---|
| QTD | YTD | 1Y | 3Y | 5Y | 10Y | Inception | |
| Fund | 1.7 | 1.7 | 0.7 | -9.8 | -3.6 | 1.7 | 6.0 |
| Index | 4.7 | 4.7 | 8.8 | -2.3 | 3.0 | 5.5 | 5.0 |
Rolling Volatility (%)
| Annualised | ||||
|---|---|---|---|---|
| 1Y | 3Y | 5Y | 10Y | |
| Fund | 11.2 | 13.8 | 16.1 | 16.3 |
| Index | 11.0 | 13.7 | 16.1 | 16.6 |
Calendar Year Past Performance (%)
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 16.8 | -1.6 | 8.3 | 20.8 | -16.4 | 17.7 | 5.9 | -15.3 | -16.8 | 3.2 |
| Index | 11.4 | -5.2 | 14.5 | 20.6 | -10.3 | 20.6 | 8.5 | 4.9 | -14.9 | 6.1 |
Annual Performance (%) As At Quarter End
| Q1 2019 -Q1 2020 |
Q1 2020 -Q1 2021 |
Q1 2021 -Q1 2022 |
Q1 2022 -Q1 2023 |
Q1 2023 -Q1 2024 |
|
|---|---|---|---|---|---|
| Fund | -17.9 | 38.0 | -22.2 | -6.4 | 0.7 |
| Index | -15.8 | 47.9 | -6.4 | -8.5 | 8.8 |
Index: MSCI Emerging Markets - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
For additional information on the index and the fund’s inception date, please refer to the monthly report below.
Past performance does not predict future returns.
Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative impact on performance.
TOP 5 HOLDINGS
| Company Name | Weight (%) |
|---|---|
| Taiwan Semiconductor Manufacturing | 9.4 |
| Samsung Electronics | 6.2 |
| Delta Electronics | 5.3 |
| Fomento Econom Uts | 5.2 |
| Mercadolibre | 4.6 |
The above equity exposures are provided for information only, are subject to change and are not a recommendation to buy or sell the securities.
Past performance does not predict future returns.
Breakdowns based on Comgest data, GICS sector and MSCI country classifications.
Past performance does not predict future returns.
1Y
5Y
| May-2023 | Jun-2023 | Jul-2023 | Aug-2023 | Sep-2023 | Oct-2023 | Dec-2023 | Jan-2024 | Feb-2024 | Mar-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Favourable performance scenario | 40.0 % | 40.0 % | 40.0 % | 40.0 % | 40.0 % | 40.0 % | 40.0 % | 40.0 % | 40.0 % | 40.0 % |
| Moderate performance scenario | 1.3 % | 1.3 % | 1.3 % | 0.7 % | 0.7 % | 0.7 % | 0.5 % | 0.2 % | -0.4 % | -0.4 % |
| Unfavourable performane scenario | -28.1 % | -28.1 % | -28.1 % | -28.1 % | -28.1 % | -28.1 % | -28.1 % | -28.1 % | -28.1 % | -28.1 % |
| Stressed performance scenario | -74.6 % | -74.6 % | -74.6 % | -74.6 % | -74.6 % | -74.6 % | -74.6 % | -74.6 % | -74.6 % | -74.6 % |
| May-2023 | Jun-2023 | Jul-2023 | Aug-2023 | Sep-2023 | Oct-2023 | Dec-2023 | Jan-2024 | Feb-2024 | Mar-2024 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Favourable performance scenario | 8.9 % | 8.9 % | 8.9 % | 8.9 % | 8.9 % | 8.9 % | 8.9 % | 8.9 % | 8.9 % | 8.9 % | ||||||||||||||||||||
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| Moderate performance scenario | 3.6 % | 2.9 % | 2.9 % | 2.9 % | 2.1 % | 1.6 % | 1.3 % | 1.1 % | 1.0 % | 0.6 % | ||||||||||||||||||||
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| Unfavourable performane scenario | -6.9 % | -6.9 % | -6.9 % | -6.9 % | -6.9 % | -7.6 % | -6.9 % | -6.9 % | -6.9 % | -6.9 % | ||||||||||||||||||||
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| Stressed performance scenario | -23.6 % | -23.6 % | -23.6 % | -23.6 % | -23.6 % | -23.6 % | -23.6 % | -23.6 % | -23.6 % | -23.6 % |
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product and/or, in case of insufficient track record, a comparable share class or benchmark, over the last 10 years. The scenarios shown are illustrations based on results from the past and on certain assumptions.
The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the product. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The stress scenario shows what you might get back in extreme market circumstances.
INVESTMENT TEAM
VIEW FULL TEAM
Nicholas Morse joined Comgest in 2016 and is an Analyst and Portfolio Manager specialising in Global Emerging Markets equities.
Nicholas co-leads the GEM and GEM Plus strategies. With 30 years of investment experience, principally in Global Emerging Markets, Nicholas contributes widely to the team’s research coverage for a diverse selection of quality growth stocks across multiple sectors. Nicholas began his career in London where he held investment positions at Foreign & Colonial Management and Singer & Friedlander Investment Management Ltd before joining Grupo Financiero Banamex Accival (BANACCI) where he managed the firm’s Latin American Research Division in both Mexico City and New York. In 1994 he returned to the UK, joining Martin Currie where he was Head of Latin American Equities and co- Head of Global Emerging Markets. After spending over six years managing Mercury Asset Management / Merrill Lynch’s Latin American equity investments and as joint head of Emerging Markets, Nicholas spent ten years at Schroders Investment Management where he was Head of Latin America Equities.
A British national, Nicholas graduated from the University of Exeter with a Bachelor’s degree (Honours) in Economic and Social History. He is a member of the Gainsborough House Finance Committee.
Slabbert van Zyl joined Comgest in 2014 and is an Analyst and Portfolio Manager specialising in Global Emerging Markets equities.
He co-leads the GEM, GEM ex-China and GEM Plus strategies. Slabbert contributes to the investment team's research coverage by selecting diverse quality growth GEM companies. Prior to joining Comgest, Slabbert qualified as a chartered accountant with PricewaterhouseCoopers and gained six years’ experience as a South African Investment Analyst in Cape Town.
Slabbert graduated from the University of Pretoria with a Bachelor’s degree in Accounting before gaining a post-graduate qualification in the same field from the University of Johannesburg. He is a CFA® charterholder.
David Raper joined Comgest in 2002 and is an Analyst and Portfolio Manager specialising in Asia Pacific ex Japan equities as well as a member of the Comgest Group's Executive and Investment Committees.
David leads the firm’s Asian research efforts and co-leads Comgest’s Asia Pacific ex Japan and Asia ex Japan strategies. He is a key contributor to the Emerging Markets strategy. Prior to joining Comgest, he worked in Hong Kong for ING Barings covering Asian equities from 1999-2001.
David is a CFA® charterholder and graduated from the University of Canterbury (New Zealand) with a Bachelor's degree in Economics and a second major in Marketing.
Investment Team listed above may include advisors from affiliates within the Comgest Group.
Details
| Investment Manager | Comgest S.A. |
|---|---|
| Fund Name | MAGELLAN |
| Share Class | MAGELLAN C |
| ISIN Code | FR0000292278 |
| Bloomberg Code | MAGLNSV FP |
| WKN Code | 577954 |
| Share Class Currency | EUR |
| Fund Base Currency | EUR |
| Share Class Distribution Policy | Accumulation |
|---|---|
| Hedged | No |
| UCITS | Yes |
| Share Class Inception Date | 30-Dec-1994 |
| Fund Domicile | FRANCE |
| Investment Management Fee | 1.75% |
| Ongoing charges | 1.74% |
| Maximum entry fee | 3.25% |
