Marketprog Multi Asset Vol. 10

Derivative Investment Fund

About the fund

Marketprog Multi Asset Vol. 10 is a very actively managed long-short absolute return fund. The basis portfolio consists of short maturity government bonds, while the positive return above the risk-free return is generated by short-term trading activity in major currency pairs and equity indices.

The investment manager pays particular attention to high-level and effective risk management in order to keep volatility at an acceptable level. In tailoring the composition of the Fund, the investment manager determines the weight of different asset groups dynamically, depending on the market situation and strategy pursued.

In its investments, the investment manager primarily uses its technical models it has developed with regards to shaping its short- and long-term positions.

The potential investment area is global and the widest possible: domestic and international shares and bonds; bank deposits and other market instruments; and derivative contracts. Furthermore, the Fund also invests in the assets of the global foreign exchange market for speculative and hedging purposes. The Fund may take leveraged, long (buying) and unfunded short (sale) positions, taking the limits and multipliers laid down in legislation into account, but its total netted risk exposures may not be more than eight times the net asset value taken into account at a value calculated without the correction under Governmental Decree 78/2014. (III. 14.). The hurdle rate is the performance of ZMAX Index.

 

Risk-return profile of the fund

 

Reduced risk, lower yield

Increased risk, higher yield

1

2

3

4

5

6

7

 

 

The risk/reward profile relates to the past and does not constitute a reliable indicator of the future risk/reward profile. Classification to category 1 does not mean that it is a risk-free investment. Risk category may shift over time. The Fund is classified as risk category 5 based on its past exchange rate fluctuations, or a similar portfolio or an applicable determination of risk. The high risk category is due to the fact that the Fund largely invests its assets in bonds, shares or futures contracts, and these are characterised by a significant exchange rate fluctuation. The risk/reward profile indicated is not guaranteed to remain unchanged and the risk category may shift over time. Even the lowest risk category does not mean that there are no risks associated with the investment. When classifying an investment unit to a risk class, the calculation model may not take all risks into account.

The following risks are the ones that were not considered during the risk classification, but which are of relevance to the Fund:

Risk arising from the use of derivative contracts: The Fund may use derivative contracts not only for hedging purposes, but as an active investment vehicle. Thereby the risk of fluctuations in the value of Fund increases. Derivative contracts present a much higher risk by their nature compared to investment schemes without leverage. Though these risks may be reduced with investment techniques, they cannot be eliminated entirely.

Credit risk: The Fund invests a part of its assets in debt securities and/or money market instruments. There is a risk that issuers become insolvent (or their solvency falls), and these bonds and/or market instruments lose their value partly or entirely.

Liquidity risk: There is a risk that a position or security cannot be sold in time at a suitable price. This may lead to the suspension of the redemption of investment units.

Risk of settlement failures: The Fund enters into contract with different contracting parties. There is a risk that these contracting parties do not satisfy the claims of the Fund, for example as a result of insolvency.

Operational risk, risk in respect of safekeeping: There is a risk of losses, which are due to internal procedures/malfunctioning of systems or external events (for example natural disasters). Safekeeping carries the risk of loss of assets of the Fund, which may be caused by the insolvency of a depositary or a sub-depositary, the breach of their duty of care, or misuse.

Foreign‑exchange risk: The Fund may also invest in instruments issued or settled in other currencies, in addition to HUF-denominated assets, therefore it is also exposed to currency risk, and, to reduce this risk, the Fund may enter into derivative contracts for hedging purposes. But these contracts cannot completely eliminate the total exchange-rate risk.

Details about risks can be found in section ‘IV. Risks’ of Rules on Management.

Basic data

  1. Type, description
    Public, open-ended
  2. Strategy
    Absolute return, multi-asset
  3. Geographical exposure
    Global
  4. Foreign exchange
    EUR, HUF
  5. Buy investment unit
    T+2
  6. Redeem investment unit
    T+6
  7. Trading periods
    On every bank workday
  8. Management fee
    2%
  9. Hurdle rate
    EURIBOR/ZMAX
  10. Performance fee
    15%
  11. ISIN codes
    HU0000714571 (HUF series) | HU0000714563 (EUR series)
  12. Portfolio manager
    Istvan Varkonyi
  13. Depositary
    Erste Bank Hungary Zrt.
  14. Auditor
    PricewaterhouseCoopers Hungary
  15. Fund manager
    Marketprog Asset Management Zrt.
  • Start of period
  • End of period

Data set

Date
NAV
Currency
AuM
Benchmark
Show more

Distributors

MARKETPROG Asset Management Ltd.
Hungary, H-1124 Budapest
Csörsz street 45.
MOM Office Park, SAS Tower, 5th floor.


Phone: +36 1 213 4210, +36 1 213 4211
Fax: +36 1 213 4219

Concorde Securities Ltd.
Hungary, H-1123 Budapest
Alkotás street 50.
Alkotás Point Offices
info@con.hu

SPB Investment Inc.
Hungary, H-1051 Budapest
Vörösmarty square 7-8.
Gerbeaud Offices
Phone: +36 1 483-2610
Fax: +36 1 483-2615

Disclosures

Document
Published
  1. Marketprog Multi Asset Vol.10 részalap 2019. október havi jelentése 2019-11-18
  2. Marketprog Multi Asset Vol.10 részalap 2019. szeptember havi jelentése 2019-10-15
  3. Marketprog Multi Asset Vol.10 részalap 2019. augusztus havi jelentése 2019-09-16
  4. Féléves jelentés_Multi_2019.pdf 2019-08-28
  5. Féléves jelentés_PTAD_2019.pdf 2019-08-28
  6. Marketprog Multi Asset Vol.10 részalap 2019. július havi jelentése 2019-08-21
  7. Marketprog Multi Asset Vol.10. részalap 2019. június havi jelentése 2019-07-16
  8. Marketprog Multi Asset Alap 2019 május havi hírlevél 2019-06-14
  9. Marketprog Multi Asset Vol10 2019. február havi jelentése 2019-05-17
  10. Marketprog Multi-Asset Vol10 Alap Auditált Éves Jelentés és beszámoló 2018.pdf 2019-04-30
  11. Marketprog Multi Asset Vol. 10 Részalap 2019. március havi jelentése 2019-04-16
  12. Marketprog Multi Asset Vol. 10 Részalap 2019. február havi jelentése 2019-03-14
  13. Marketprog Multi Asset Vol. 10 Részalap 2019. januári jelentése 2019-02-15
  14. Marketprog Multi Asset Vol. 10 Részalap 2018. decemberi jelentése 2019-01-15
  15. Marketprog Multi Asset Vol. 10 Részalap 2018. novemberi jelentése 2018-12-14
  16. Marketprog Multi Asset Vol. 10 Részalap 2018. októberi jelentése 2018-11-16
  17. Marketprog Multi Asset Vol. 10 Részalap 2018. szeptemberi jelentése 2018-10-12
  18. Marketprog Multi Asset Vol. 10 EUR Kiid20181002.pdf 2018-09-28
  19. Marketprog Multi Asset Vol. 10 Részalap 2018. augusztusi jelentése 2018-09-14
  20. Marketprog Multi Asset Vol. 10 Részalap 2018. júliusi jelentése 2018-08-09
  21. Marketprog Multi Asset Vol. 10 Részalap 2018. júniusi jelentése 2018-07-12
  22. Marketprog Multi Asset Vol. 10 Részalap 2018. májusi jelentése 2018-06-15
  23. Marketprog Technics Alap 2018. áprilisi jelentése 2018-05-15
  24. Marketprog Technics Alap Auditált Éves Jelentés és beszámoló 2017.pdf 2018-04-27
  25. Marketprog Technics Alap 2018. márciusi jelentése 2018-04-11
  26. Marketprog Technics Alap 2018. februári jelentése 2018-03-14
  27. Közzététel Kezelési Szabályzat módosításáról 2018 03 02.pdf 2018-03-02
  28. Marketprog Technics Alap 2018. januári jelentése 2018-02-14
  29. Marketprog Technics Alap 2017. decemberi jelentése 2018-01-12
  30. Marketprog Technics Alap 2017. novemberi jelentése 2017-12-13
  31. Marketprog Technics Alap 2017. október havi jelentése 2017-11-13
  32. Marketprog Technics Alap 2017. szeptember havi jelentése 2017-10-13
  33. Marketprog Technics Alap 2017. augusztus havi jelentése 2017-09-14
  34. Közzététel Marketprog Esernyőalap Kezelési Szabályzat módosításáról 2017-09-08
  35. Marketprog Esernyőalap Kezelési Szabályzat hatályos 2017.09.08-tól 2017-09-08
  36. Marketprog TECHNICS Alap 2017. évi I. félévi jelentése 2017-08-29
  37. Technics HUF - Havi jelentés 2017 július 2017-08-08
  38. Technics HUF - Havi jelentés 2017 június 2017-07-14
  39. Technics HUF - Havi jelentés 2017 május 2017-06-09
  40. Technics HUF - Havi jelentés 2017 április 2017-05-12
  41. Auditált Éves Jelentés és Beszámoló_MP Technics_2016.pdf 2017-04-28
  42. Technics HUF - Havi jelentés 2017 március 2017-04-10
  43. Technics HUF - Havi jelentés 2017 február 2017-03-09
  44. Technics HUF - Havi jelentés 2017 január 2017-02-13
  45. Technics HUF 2016-12 hu.pdf 2017-01-06
  46. Közzététel Kezelési Szabályzat módosításáról20161223.pdf 2016-12-23
  47. Kez.szab.hatályos2016.12.23-tól.pdf 2016-12-23
  48. Marketprog Technics HUF Kiid20161223docx.pdf 2016-12-23
  49. Technics HUF 2016-11 hu.pdf 2016-12-07
  50. Havi jelentés, 2016 október Technics 2016-11-10
  51. Technics HUF 2016-9 hu.pdf 2016-10-11
  52. Elmaradt 2016 januári portfólió jelentés Technics 2016-09-26
  53. Havi jelentés, 2016 augusztus Technics 2016-09-12
  54. Féléves jelentés_Technics_2016.pdf 2016-08-26
  55. Portfolió jelentés 2016 július Tecnics HUF 2016-08-08
  56. Technics HUF 2016-6 hu.pdf 2016-07-07
  57. Marketprog Technics 2016 Május 2016-06-08
  58. Marketprog TECHNICS alap 2016. áprilisi hírlevél 2016-05-06
  59. Éves Jelentés MARKETPROG Technics 2015.pdf 2016-05-02
  60. Éves Beszámoló Marketprog Technics Alap 2015.pdf 2016-05-02
  61. Havi Portfolió Jelentés 2016. március TECHNICS A 2016-04-05
  62. Havi hírlevél Marketprog TECHNICS 2015 december.pdf 2016-01-07
  63. MARKETPROG Technics HUF hírlevél 2015 november.pdf 2015-12-03
  64. Kezelési szabályzat hatályos 2015 november 11-től 2015-11-11
  65. Technics HUF 2015-9 hu.pdf 2015-10-14
  66. Technics HUF 2015-8 hu.pdf 2015-09-23
  67. Féléves Jelentés 2015Technics-I.pdf 2015-08-18
  68. Havi jelentés 2015 július Marketprog TECHNICS.pdf 2015-08-13
  69. Marketprog Technics HUF Kiid20150803.pdf 2015-07-31
  70. Marketprog Technics EUR Kiid20150803.pdf 2015-07-31
  71. Havi jelentés 2015 június Marketprog TECHNICS.pdf 2015-07-06