Man Dynamic Allocation Fund

This is a marketing communication.

Man Dynamic Allocation Fund ('Man DNA') harnesses the best of Man Group in a single global multi-asset approach, actively allocating across equities, bonds and alternative1,2 strategies.

1. The fund may allocate to certain strategies which may include, but not be limited to, those which focus on equities, fixed income, alternatives and risk premium strategies.
2. Alternatives may include exposure to certain alternative risk premium strategies.

The value of an investment and the income from it can go down as well as up and investors may not get back the amount originally invested.

Please refer to the prospectus of the UK UCITS and to the KIID before making any final investment decisions.

 

Performance

Past performance is not indicative of future results. Returns may increase or decrease as a result of currency fluctuations.

Man Dynamic Allocation Fund Professional Acc CH Hedged

ISIN: GB00BDTYNF95 | Inception: 13 Sep 2018

Month end final valuation: GBp 117.69 (31 Jan 2024)


-0.3%

9.1%

8.0%

17.7%

3.1%

7.9%

Latest price: GBp 118.45 (20 Feb 2024)


0.1%

0.6%

0.4%

11.7%

18.5%

3.2%

Performance by year

01/23 -
01/24
01/22 -
01/23
01/21 -
01/22
01/20 -
01/21
01/19 -
01/20
01/18 -
01/19
01/17 -
01/18
01/16 -
01/17
01/15 -
01/16
01/14 -
01/15
Class 8.0% -1.7% 7.2% -3.8% 9.2% N/A N/A N/A N/A N/A
3 Month LIBOR GBP -> "Adjusted SONIA" (01/01/2022) +4% 8.9% 5.5% 4.1% 4.2% 4.8%
Class Gross Return 8.9% -0.9% 8.1% -3.0% 10.1%
Gross Performance Benchmark 8.9% -0.9% 8.1% -3.0% 10.1%

Past performance is not indicative of future results. Returns may increase or decrease as a result of currency fluctuations.

Source: Man Group database, MSCI and Bloomberg.

Performance data is shown net of fees with income reinvested, and does not take into account sales and redemption charges where such costs are applicable. Annualised return and annualised volatility are shown after 12 months of performance since the inception of the product..

The Fund performance target is to provide a total return (a combination of income and capital growth) that is both positive and 4% above the term adjusted (3 month) SONIA plus 0.1193% (gross of fees) (''Adjusted SONIA'') in all market conditions, over rolling three year periods.  The target benchmark ''Adjusted SONIA'' + 4% (gross of fees) has been chosen on the basis that the Authorised Corporate Director, considers it sets a reasonable performance target for the Fund to achieve, taking into the investment strategy pursued by the Investment Adviser. 

Please note that the target benchmark changed from 3 Month LIBOR GPB +4 % (gross of fees)  to 3 Month ''Adjusted SONIA''+4 % (gross of fees) as of January 2022. 
''Adjusted SONIA'' refers to the Sterling Overnight Index Average rate (SONIA) administered by the Bank of England, to which a term adjustment (SONIA observed over a 3 month period and compounded in arrears daily during that period) and the additional "0.1193%" represents the industry fallback spread (reflecting the historical difference between to 3-month GBP LIBOR and SONIA) is applied.

The index data provider makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any data contained herein. See: https://www.man.com/indices-disclaimer for full disclaimers.

Investment Policy

Short description

Man DNA is a global, multi-asset fund that invests in equity, bonds and alternatives (‘ALTs’). The Fund combines absolute return and long-only strategies, and discretionary and systematic approaches, in a single well-balanced fund. It targets a return of ‘’Adjusted SONIA’’ +4% gross over rolling three year periods, with an expected volatility of 6-8%.. ‘’Adjusted SONIA” refers to the Sterling Overnight Index Average rate (SONIA) administered by the Bank of England, to which a term adjustment (SONIA observed over a 3 month period and compounded in arrears daily during that period) and the additional "0.1193%" represents the industry fallback spread (reflecting the historical difference between to 3-month GBP LIBOR and SONIA) is applied.

Type of assets

Man DNA harnesses the best of Man Group in a single global multi-asset approach, actively allocating across equities, bonds and alternative strategies. The fund combines absolute return and long-only strategies and invests in bespoke strategies managed by specialist teams across Man Group. The fund aims to achieve its return objectives through multiple return drivers: traditional risk premia, alternative risk premia, security selection alpha and asset allocation alpha. Furthermore, the Man DNA strategy benefits from specialist tail hedging which seeks to mitigate significant downside as well as risk management at multiple levels. The fund actively allocates to equity, bonds and ALTs.

Benchmark degree of freedom

The Fund is actively managed. The fund targets Adjusted SONIA +4%. The performance benchmark (Adjusted SONIA + 4%) has been chosen on the basis that the Authorised Corporate Director, considers it sets a reasonable performance target for the Fund to achieve, taking into the investment strategy pursued by the Investment Adviser. Performance of the Fund can also be compared against the Investment Association’s Targeted Absolute Return sector.

Key Facts

Overview
Umbrella Man International ICVC
Product name Man Dynamic Allocation Fund
Share class Man Dynamic Allocation Fund Professional Acc CH Hedged
Investment status Open for investment
Domicile United Kingdom
Fund regulations UCITS
Currency GBP
ISIN GB00BDTYNF95
Legal Entity Identifier 254900D1O0ZAS8YCKS89
Valoren 43789888
Bloomberg Ticker MANDNCH
Subscribing
Minimum Initial Subscription 500,000 GBP
Minimum Additional Subscription 1,000 GBP
Dealing Frequency Daily
Subscription Applications Received Before 17:00 (London) 1 business day prior to dealing day
Redeeming
Minimum Holding 250 GBP
Dealing Frequency Daily
Notice Of Redemption Before 17:00 (London) 1 business day prior to dealing day
Shareholder services
Name The Bank of New York Mellon (International) Limited
Address 160 Queen Victoria Street
England
EC4V 4LA London
United Kingdom
Phone 44-20-3322-4806
Parties
Administrator The Bank of New York Mellon (International) Limited
Auditor Deloitte LLP
Company Secretary Man Fund Management UK Limited
Depositary The Bank of New York Mellon (International) Limited
Investment Manager Man Solutions Limited
Legal Advisor Simmons & Simmons LLP
Management Company Man Fund Management UK Limited
Valuation Service Provider The Bank of New York Mellon (International) Limited
Fees
Ongoing Charges 0.8% (as at 31 May 2023)
Management Fee (up to) 0.65%

Availability

Countries listed below provide information on marketing availability of the share class where certain product registrations, filings, notifications and/or local appointments determine the type of investors the product can be marketed to. If a country is not shown below, the share class may only be offered in accordance with local private placement rules (where applicable).

Professional Investors GB

Please note that the dealing terms are as set out in the relevant prospectus/offer document, and the information shown above is not a substitute for, nor a complete summary of, those terms or such prospectus/offer document. Investment in this class is made solely in reliance upon the fund’s constitutional and offering documentation.

Documents

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Investor and product enquiries

Man Investments Inc.
1345 Avenue of the Americas
21st Floor
New York, NY 10105
United States of America

Tel: +1 (212) 649-6600
AllinUSSales@man.com

Contact us

Considerations

Investment Objective Risk - There is no guarantee that the Fund will achieve its investment objective.

Market Risk - The Fund is subject to normal market fluctuations and the risks associated with investing in international securities markets. Therefore, the value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested.

Counterparty Risk - The Fund will be exposed to credit risk on counterparties with which it trades in relation to on-exchange traded instruments such as futures and options and where applicable, 'over-the-counter' ("OTC","non-exchange") transactions. OTC instruments may also be less liquid and are not afforded the same protections that may apply to participants trading instruments on an organised exchange.

Currency Risk - The value of investments designated in another currency may rise and fall due to exchange rate fluctuations. Adverse movements in currency exchange rates may result in a decrease in return and a loss of capital. It may not be possible or practicable to successfully hedge against the currency risk exposure in all circumstances.

Liquidity Risk - The Fund may make investments or hold trading positions in markets that are volatile and which may become illiquid. Timely and cost efficient sale of trading positions can be impaired by decreased trading volume and/or increased price volatility.

Financial Derivatives Instruments - The Fund will invest financial derivative instruments ("FDI") (instruments whose prices are dependent on one or more underlying asset) to achieve its investment objective. The use of FDI involves additional risks such as high sensitivity to price movements of the asset on which it is based. The extensive use of FDI may significantly multiply the gains or losses.

Leverage Risk - The Fund's use of FDI may result in increased leverage which may lead to significant losses.

Total Return - Whilst the Fund aims to provide capital growth, a positive return is not guaranteed over any time period and capital is in fact at risk.

Commodity risk - The Fund may have exposure to commodities, the value of which can be volatile may carry additional risk. Commodity prices can also be influenced by the prevailing political climate and government stability in commodity producing nations.

The Fund is a sub-fund of Man International ICVC, domiciled in the United Kingdom and registered with the Financial Conduct Authority. Full details of the Fund objectives, investment policy and risks are located in the Prospectus which is available with the Key Investor Information Document (KIID) and the Report and Accounts of the UK UCITS in English. The Fund's documentation is available free of charge from the local information/paying agent, from authorised distributors and from www.man.com/documents.

In order to fulfil the fund's objectives the Prospectus allows the manager the ability to invest principally in units of other collective investment schemes, bank deposits, derivatives contracts designed with the aim of gaining short term exposure to an underlying stock or index at a lower cost than owning the asset, or assets aiming to replicate a stock or debt securities index.

The Fund typically carries a risk of high volatility.

For a summary of investor rights please see www.man.com/investor-relations and for guidelines for individual or collective redress mechanisms, please consult the fund’s prospectus and its key information document, as well as the complaints handling policy found here www.man.com/complaints-handling-policy.

Past performance is not indicative of future results. Returns may increase or decrease as a result of currency fluctuations. Performance data is shown net of fees with income reinvested, and does not take into account sales and redemption charges where such costs are applicable. The value of an investment and any income derived from it can go down as well as up and investors may not get back their original amount invested. Alternative investments can involve significant additional risks. Please refer to the prospectus/offer document for further details. All product documentation is available free of charge on www.man.com.

Model and Data Risk - The Investment Manager relies on quantitative trading models and data supplied by third parties. If models or data prove to be incorrect or incomplete, the Strategy may be exposed to potential losses. Models can be affected by unforeseen market disruptions and/or government or regulatory intervention, leading to potential losses.