Fact sheet: DB Platinum Ivry Optml

Fund information

Fund name
DB Platinum Ivory Optimal R1C-E EUR USD
Fund company manager
Deutsche Asset Management SA
Fund type
SIB
Fund manager(s)
Ivory Investment Management, L.P.
since 14/04/2014
Fund objective
DB Platinum Ivory Optimal (the “Fund”) is an open-ended UCITS compliant fund that seeks capital growth via high, risk adjusted absolute returns with low correlation to market indices through a long and short investment strategy. The Investment Manager of the Fund is Ivory Investment Management L.P. (“Ivory”). The Fund invests generally in publicly-traded U.S. shares but may invest a portion of its assets globally. The strategy is based on fundamental bottom-up research to determine fundamental value of long and short positions. Ivory aims to achieve its investment objectives primarily by purchasing securities trading at prices below their fundamental value; conversely, selling short securities trading at prices above such fundamental value. The returns are expected to be derived from individual security selection (“alpha”) as opposed to overall market exposure (“beta”). In particular, Ivory aims to capitalize on situations in which factors other than a security's fundamental value unduly influence its trading price. In selecting core long positions, Ivory focuses on securities of companies with misperceived business models generating excess economic returns that, while currently misunderstood by the marketplace, will likely be revalued over a reasonable time horizon. Ivory seeks to invest in companies with valuable franchises, positive industry dynamics, strong management, solid asset protection or a willingness among insiders to increase shareholder value. In selecting core short positions, Ivory generally seeks to identify companies with deteriorating fundamentals, competitive pressures, weakening balance sheets and declining, or even negative, free cash flows. Financial contracts (derivatives) may be used for investment purposes and to aim to reduce inflation, interest rate and/or foreign currency exposure in respect of the assets (hedging). Derivatives may also be used to increase returns by increasing the exposure to certain investments (leverage). The leverage is not expected to exceed 400% of the value of the Fund.
Benchmark
HFRX Equity Hedge Index (HFRXEH Index)
Investment style
Long/Short
Investment method
Equity

Quick stats

1 Year return

10.37 %

1 Year rank in sector

29/128

Sector

FO Hedge/Stru Prod - Equity

Yield
-
Fund size

£ 158.2 m

FE Risk score

99

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • North America
    80.87%
  • Europe
    11.49%
  • Asia
    7.32%
  • Pacific Rim
    0.32%
  • Technology
    30.68%
  • Others
    20.27%
  • Communications
    15.11%
  • Cyclical Consumer Goods
    10.18%
  • Non-Cyclical Consumer Goods
    8.36%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund2.57 %-0.76 %10.37 %-16.69 %0 %
Sector-0.33 %2.63 %5.53 %6.05 %17.37 %
Rank within sector8 / 138118 / 14029 / 12872 / 73 /
Quartile th1 st4 th1 st4 th th

Calendar performance

YTD-20172016201520142013
Fund11.87 %-7.8 %-18.64 %0 %0 %
Sector5.63 %-1.99 %2.66 %2.51 %7.13 %
Rank within sector26 / 13088 / 10274 / 74 / /
Quartile th1 st4 th4 th th th

Risk statistics

Alpha-8.16
Beta1.51
Sharpe-0.01
Volatility12.47
Tracking error11.69
Information ratio-0.67
R-Squared0.13

Price movement

52 week high11334.12
52 week low9404.23
Current bid price0
Current offer price0
Current mid price10671.55

Holdings by region

  • 80.87% North America
  • 11.49% Europe
  • 7.32% Asia
  • 0.32% Pacific Rim

Holdings by sector

  • 30.68% Technology
  • 20.27% Others
  • 15.11% Communications
  • 10.18% Cyclical Consumer Goods
  • 8.36% Non-Cyclical Consumer Goods
  • 4.72% Energy
  • 3.94% Industrials
  • 3.67% Basic Materials
  • 3.07% Financials

Holdings by asset type

-

Individual holdings

  • 7.67% APPLE INC
  • 6.43% NXP SEMICONDUCTORS NV
  • 6.15% EXPEDIA INC
  • 5.9% HEWLETT PACKARD ENTERPRISE CO
  • 5.77% NUANCE COMMUNICATIONS INC
  • 4.98% ALTABA INC
  • 4.82% DOWDUPONT INC
  • 4.79% VOLKSWAGEN AG
  • 4.78% TIME WARNER INC
  • 4.56% COTY INC