1741 Equity Systematic US Fund Global equity

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1741 Equity Systematic US Fund
May 2014
Global equity
Investment strategy
The 1741 Equity Systematic US Fund is a long-only, US equity Fund that follows a
quantitative investment approach. According to the most prevalent financial theory –
efficient market hypothesis and modern portfolio theory – the US equity market is
correctly priced. In other words, no investor should be able to consistently outperform the
benchmark. However, a plethora of academic research suggests there are a variety of
market anomalies – and it is these that the 1741 Equity Systematic US Fund seeks to
exploit. In order to achieve its objective, the Fund focuses its investment on the most
attractive stocks in each sector within the MSCI USA investment universe. The
attractiveness of a stock is assessed using a quantitative evaluation based on value, quality,
and alternative momentum criteria. In order to actively manage relative risk, the Fund
strives to invest sector-neutral versus its benchmark. Absolute risk is reduced by weighting
securities according to their level of risk.
1
Performance (in USD)
110
105
100
95
11/13
12/13
01/14
02/14
03/14
1741 Equity Systematic US Fund
04/14
05/14
1
2011
n.a.
n.a.
n.a.
2012
n.a.
n.a.
n.a.
1
Risk-/return overview (in USD)
2013
3.4%
2.6%
0.8%
YTD
3.5%
4.6%
-1.1%
1741 Fund Management AG
Kirchstrasse 79 | 9490 Vaduz | Liechtenstein
Telefon +423 237 46 66 | Fax +423 237 46 69
[email protected] | 1741fm.com
Portfolio characteristics
Fund
Return
Return
Return p.a.
Return YTD
Return in May 2014
Risk
Volatility
Beta
Tracking error
Information ratio
22816246 /
LI0228162462
Bloomberg ticker
SESYSUS LE
Type of fund
UCITS
Domicile
Liechtenstein
Investment manager 1741 Asset
Management Ltd.
Management company 1741 Fund
Management Ltd.
Fund currency
USD
Inception
29.11.2013, NAV (100)
Current fund size
13
(USD, m)
Minimum initial
1 unit
subscription amount
Liquidity
daily
Managementfee
0.75% p.a.
Performance fee of
20%
2
excess return
3
Current net asset value 107.02
MSCI USA Net Total Return
Return data (in USD)
Fund
Benchmark
Value added
Fund facts
Valor / ISIN
Benchmark
7.0%
n.a.
3.5%
2.2%
7.4%
n.a.
4.6%
2.3%
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Fund Benchmark
Value
P/Earnings
Dividend yield
P/Book value
P/Cash earnings
Quality
Return on equity
Growth
Earnings growth
14.6
2.0%
2.2
11.0
18.6
2.0%
2.7
11.9
15.8%
14.6%
3.6%
6.2%
Strategy exposure - May 2014
Top 5 positions
US sector exposure

5.8% 5.0%
4.7%
4.6%


79.8%


Johnson &
Johnson
ArcherDanielsMidland
Tyson Foods
Inc
Partnerre LTD
Other
18.6%
IT
Financials
 Health Care
 Consumer
Discretionary
 Other


40.3%
15.9%
12.2%
13.0%
1 Risk and return data is calculated net of fees. Risk figures are
calculated only where data for a time period of at least 2 years is
available. Past performance provides no guarantee for future returns. 2
The performance fee is calculated based on the difference between the
percentage change in the net asset value per share (before
performance fee accrual) and the percentage change of the MSCI US
Net Total Return Index (NDDUUS), relative high water mark 3
Swinging-single-pricing is applied
Important legal disclaimer: To the extent that this document is issued by 1741 Fund Management Ltd. (the “Management Company”) a UCITS Management
Company under the laws of Liechtenstein, and supervised by the Financial Market Authority of Liechtenstein. The 1741 Funds – 1741 Equity Systematic US Fund is
an open ended umbrella UCITS Fund (“the Fund”) under the Liechtenstein UCITS law and is available only in jurisdictions where the Fund and one or more of its
sub-funds are registered for distribution or in jurisdictions which do not prohibit the distribution of such documents. Information contained herein is for
information purposes only and is intended only for the person or entity to which it is addressed. Any unauthorized use of this information by any person or entity
is prohibited. The distribution of this document may be further restricted by law. Accordingly, this document may not be used in any jurisdiction except under
circumstances that will result in compliance with any applicable laws and regulations. This document is not intended to constitute neither a recommendation nor
an offer to conclude any legal transaction. In particular, it does not constitute an offer or solicitation with regard to the subscription of any sub-fund of the Fund
nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it
is unlawful to make such a solicitation or offer. Past performance is not indicative of future returns. The value of investments and income from them can fluctuate
and are not guaranteed. Investors may not get the money back they invest. Investors are recommended to consult their investment advisor prior to reaching any
investment decisions. The information contained in this document may be changed any time and without prior notice. The Fund is only available for subscriptions
by non-US citizens who are not residents of the United States. The Fund is not offered for sale or sold in the United States, its territories or possessions. The Fund is
not registered for public distribution in all jurisdictions. Subscriptions in the Fund are valid only if made on the basis of the current prospectus, the most recent
financial reports and the key investor information documents. With regard to the distribution of the Fund in Switzerland the Management Company has
appointed 1741 Asset Management Ltd, Bahnhofstrasse 8, CH-9001 St. Gallen, as Representative and Notenstein Private Bank Ltd, Bohl 17, CH-9004 St. Gallen, as
Paying Agent from where the articles of incorporation, the prospectus, the annual and semi-annual reports and the key investor information documents may be
obtained free of charge. Although the information in this document is believed to be materially correct, no representation or warranty is given as to the accuracy
of any of the information provided. Certain information included in this document is based on information obtained from sources we consider to be reliable.
However, no liability is assumed for the completeness, correctness or accuracy of the sources and data retrieved therefrom. However, any projections or analysis
described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results.
Accordingly, any projections or analysis should not be viewed as factual and should not be relied upon as an accurate prediction of future results. The
Management Company and 1741 Asset Management Ltd., their directors, officers and employees do not accept any liability whatsoever for any loss or damage
arising from any use of this document or the use of information contained in this document.
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