Atlantic House Total Return Fund
The Atlantic House Total Return Fund aims to deliver an annualised return of 4% above cash over the medium-term, while taking half the risk of global equities.
Deputy CIO & Head of Investment Risk, Mark Greenwood, introduces the Atlantic House Total Returns Fund.
Dedicated to managing your investment
What does the Fund invest in?
The Fund combines traditional assets with modern investment techniques to build a robust and diverse portfolio, aiming to achieve its objective across a wide range of market conditions.
Equity exposure - 50%
The Fund's equity exposure is the engine room of the portfolio, aiming to drive predictable returns from derivative-based investments linked to the performance of large equity indices in all but the bleakest market conditions.
Inflation protection - 15%
Aiming to deliver stability in inflationary periods, this sleeve typically invests in assets such as inflation-linked bonds, gold and gold proxies.
Credit - 35%
Provides a counterweight to our equity exposure and mainly consists of short duration, investment grade bonds. Where compelling opportunities exist the fund managers may also invest in credit derivatives.
Volatility overlay - 50%
Acts in a similar way to an insurance policy. It aims to lessen Fund drawdowns during times of significant market stress. Derivative, and specifically option trades, are used to achieve this. The volatility overlay was added in July 2020.
Performance as at 28 February 2023
Past performance does not predict future returns.
The Fund is not managed or constrained by a specific benchmark, instead the managers focus solely on investments that they believe will achieve the Fund’s objective. Performance for the Fund can however be compared to the benchmark: Investment Association (IA) Targeted Absolute Return Sector.
Discrete Annual Performance (%)
Source: Atlantic House Investments/FE Analytics. Total Return in GBP.
Cumulative Performance (%)
Source: Atlantic House Investments/FE Analytics. Total Return in GBP.
Calendar Year Performance (%)
Source: Atlantic House./FE Analytics. Total Return in GBP.
Key fund risks
This is not a comprehensive list of every risk factor. You can view the full list in the Risk Warning section of the Prospectus, Supplement and Key Investor Information Document above.
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The Fund’s returns will not keep pace with strong rises in equity markets.
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The value of investments and any income from them can go down in value, and you could get back less than invested.
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There is no guarantee that the Fund will achieve its objective.
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The Fund invests in derivatives. Derivatives are highly sensitive to changes in the value of the asset from which their value is derived. A small movement in the value of the underlying asset can cause a large movement in the value of the derivative. This can increase the sizes of losses and gains, causing the value of a derivative investment to fluctuate and the Fund could lose more than the amount invested.
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The Fund invests in high quality government and corporate bonds. All bonds will be rated at least A- by Standard and Poors at outset. If any of the bonds the Fund owns suffer credit events the performance of the Fund could be adversely affected.
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The Fund may invest in securities and markets which experience specific risks due to increased volatility, liquidity, political and economic stability.
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Other risks the Fund is exposed to include but are not limited to, credit, custodial and counterparty risk, possible changes in exchange rates, interest rates and inflation, changing expectations of future market volatility, changing expectations of equity market correlation and changing dividend expectations.
Fund information
as at 31 January 2023
Objective: To generate positive returns in most market conditions over any given three-year period.
Launch date: 5 December 2018
Fund size: £33.7mn
Comparator Benchmark: IA Targeted Absolute Return Sector
Minimum investment: £1,000
Dealing: Daily
Ongoing Charges (OCF): 0.89% (estimated)
Manager: Gemini Capital Management (Ireland) Limited
Domicile: Dublin, Ireland
Fund Identifiers: A share class: SEDOL: BDZQTC8, ISIN: IE00BDZQTC81, BLOOMBERG: AHFMTAA ID
Platforms
7IM, Abrdn, Advance by embark, Aegon, Aviva, Fidelity, FNXZ, M&G Wealth, Novia, Novia Global, Nucleus, Quilter, Raymond James, Transact
Important information
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This is a marketing communication.
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A copy of the English version of the Supplement, the Prospectus, and any other offering document and the KIID can also be viewed at www.geminicapital.ie. A summary of investor rights associated with an investment in the Fund is available in English at www.geminicapital.ie.
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A decision may be taken at any time to terminate the arrangements for the marketing of the Fund in any jurisdiction in which it is currently being marketed. Shareholders in affected EEA Member State will be notified of any decision marketing arrangements in advance and will be provided the opportunity to redeem their shareholding in the Company free of any charges or deductions for at least 30 working days from the date of such notification.