What does this synthetic indicator mean?
- The value of the share may be subject to high variations andconsequently the risk of loss and the opportunity of gain may behigh.
- The risk category has been determined on the basis of historicaldata and may not be a reliable indication of the future risk profile.The risk and reward category shown does not necessarily remainunchanged and the categorisation of the fund may shift over time.
- The lowest category does not mean a risk-free investment.
- Repayment of the initial investment is not guaranteed.
Market Risk
- This is a general risk that affects investments of all types. Changesin the prices of transferable securities and other instruments aremainly determined by changes in the financial markets and byeconomic developments affecting issuers, which are themselvesaffected by the general situation of the global economy and by theeconomic and political conditions prevailing in their countries.
Which materially relevant risks are not adequately captured bythe synthetic indicator?
- For detail information please refer to the PRIIPS document availableabove.
Alpha
Alpha is the difference between the performance of the fund and its expected performance given its market sensitivity or Beta. Alpha is used as a measure of value added by a fund manager. A positive alpha indicates that a fund has performed better than its Beta, systematic risk exposure, would predict. Alpha is the intercept value derived from the single-factor (market index) regression defined to calculate Beta.
Beta
Beta is defined as a fund’s sensitivity to market movements and is used to evaluate systematic risk. Beta is a measure of the linear relationship over time, the slope, of the fund’s returns and those of the benchmark. Beta is computed by regressing the fund’s excess returns over the risk-free rate against the excess returns of the benchmark over the risk-free rate. A beta greater than 1 means that the fund tends to amplify market movements, when it amortizes them when beta is lower than 1, suggesting a more defensive behavior.
Max Drawdown
Max Drawdown is a downside risk analytic that measures the worst period of peak-to-valley performance of the fund, regardless of whether or not the drawdown consisted of consecutive observations of negative performance. It represents the maximum loss that an investor could have incurred during the period.
Sharpe
Sharpe Ratio is a Risk/Return measure of the annualized fund's returns in excess of the risk free rate to the annualized standard deviation of these returns. The higher the ratio, the better is the fund, since it will have delivered a higher marginal return per unit of risk, represented by the volatility. A negative Sharpe ratio only indicates that a risk-free asset would have performed better than the fund.
SRRI
The SRRI represents the risk and return profile as presented in the Key Investor Information Document (KIID). The lowest category does not imply the investment is risk free. The SRRI is not guaranteed and may change over time.
Volatility
Amplitude of the variation of the price/of the value of a security, a sub-fund, a market or an index, measuring the importance of risk over a given period. Volatility is calculated through the standard deviation obtained through calculating the square root of the variance. Variance being the average of the squared differences of deviations from the mean.The higher the volatility, the riskier the security, the sub-fund may be.
Swing Pricing
Swing pricing refers to a process for adjusting a fund’s net asset value (NAV) to effectively pass on transaction and market impact costs stemming from net capital activity (i.e., flows into or out of the fund) to the investors associated with that activity during the life of a fund, excluding ramp-up period or termination.
High-Water Mark
This is the highest net asset value (NAV) that a fund has reached and for which a performance fee was paid.
Using a high-water mark prevents the fund manager from receiving any performance fees on downside outperformance. It also means that investors do not end up paying performance fees more than once for the same increase in their fund's NAV (which is something that could otherwise happen in a fluctuating or sideways market).
With the sustainable objective of climate change mitigation and adaptation, the RAM Global Equity Low Carbon Fund seeks medium to long-term capital growth through a diversified, sustainable equity portfolio within the liquid equities of global developed markets. As an Article 9 fund under the SFDR regulation, all investments, barring cash and hedging, are sustainable, having passed Good Governance Assessment, Do Not Significant Harm (DNSH) criteria, and contributing to the fund's sustainable objective. The fund adheres to a minimum of 5% alignment with the EU taxonomy and maintains a Greenhouse Gas (GHG) emissions intensity that is at least one-third less than that of a typical global developed equity portfolio. The fund is actively managed without using a reference benchmark, and employs a systematic, AI-driven investment strategy, capitalising on companies across sectors with high alpha potential that lead in operational and product-driven decarbonisation. Investment decision-making integrates a comprehensive analysis of over 500 proprietary alpha inputs, including market data, financial statements, sentiment, and sustainability metrics, for each potential investment. Our optimisation process is meticulously designed to ensure a reduced volatility profile, high liquidity, and minimal market impact, striking an optimal balance for sustainable investment performance. The fund ensures active ownership through systematic voting and collective engagement initiatives, complemented by direct engagement strategies.
(1) Past performance is not a reliable indicator of future performance. Performance is net of fees.
(2) The index refers to the Fund universe market cap weighted (the index is converted in the currency of the share class for currencies different from the reference currency of the fund)
(3) For reactivated share classes the performance is shown from the date of reactivation and not the share class launch date.
We recommend that you contact your usual financial adviser, who will be able to help you to:
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Whenever you instruct your bank, your financial adviser or any other intermediary to carry out a transaction involving one of the RAM Active Investments sub-funds, we recommend that you read the sub-fund’s legal documents and identify the ISINs of the sub-funds/share classes that interest you ahead of time so that you can discuss them with your financial adviser directly. You will find these codes on the sub-funds’ factsheets (and other legal documents), and on the website.
RAM (LUX) SF – GLOBAL EQUITY LOW CARBON
E-EUR
Potentially lower reward
Potentially higher reward
Objectives & Investments Policy
Evolution of the nav
Performance
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Fund Information