Focused Equity ETF | FEP

Lloyd Focused Equity UCITS ETF – Acc

Investing in quality businesses.

Case for our Focused Equity ETF

Companies with strong economics

A tight selection of businesses with favourable economics, assessed on their ability to outcompete their peers and to generate value by producing essential goods and services.

Defensive

Risk of capital loss is mitigated by the quality of the businesses selected and the margin of safety provided by the discount between their market price and their long-term earning power value. Portfolio is suited for a wide range of economic regimes with potential uncorrelated with the broad economic growth.

High conviction

High conviction portfolio, reflected in the higher weight allocated to securities offering the best value given their growth potential and having the most robust business models.

Case for Focused Equity

Companies with strong economics

Companies are selected through a rigorous evaluation process focusing on financial stability, strong superior growth, and strategic market positioning.

Defensive

Risk of capital loss is mitigated by the quality of the businesses selected and the margin of safety provided by the discount between their market price and their long-term earning power value. Portfolio is suited for a wide range of economic regimes with potential uncorrelated with the broad economic growth.

High conviction

High conviction portfolio, reflected in the higher weight allocated to securities offering the best value given their growth potential and having the most robust business models.

As of 23.07.2024

Focused Equity ETF Objective

Lloyd Focused Equity UCITS ETF (FEP) aims to provide investors with exposure to companies that are of outstanding quality and underappreciated by the market.

Companies must have a long history of good financial performance and a strong balance sheet. They must maintain a high operating margin, consistently exhibit positive operating earnings, generate large free cash flow, and show robust returns on invested capital. The quality of the companies, the sustainability of their earnings power, and their development potential is also assessed through the analysis of 4 critical factors that Lloyd Capital defines as the 4 “M”s – Moat, Management, Market and Macro.

The Focused Equity ETF tracks the Solactive Lloyd Focused Equity Index CNTR (SFEPNTRC), which targets companies with robust financial fundamentals.

Key Information

Inception Date16/05/2024
Base currencyUSD
Net Assets of Fund$196,129,006
TER85 bps
Replication MethodPhysical Replication
DomicileIreland
SFDR ClassificationArticle 6
ISINIE000NYVK0R8

Key Risks

Investors capital is fully at risk and may not get back the amount originally invested. Exchange rates can have a positive or negative effect on returns. The value of equities and equity-related securities can be affected by daily stock and currency market movements. When you invest in ETFs, your capital is at risk. For a complete overview of all the risks, please refer to the ”Risk Factors” in the Prospectus.

Fund Information

TickerFEP
Asset ClassEquities
Income TreatmentAccumulating
Rebalance FrequencyMonthly

Net Asset Values

NAV$20.12
Net Assets of Fund$196,129,006
Shares Outstanding9,750,000
Issuer AUM$1,589,443,900

Fund Structure

UCITS CompliantYes
UCITS EligibleYes
ISA EligibleYes
SIPP EligibleYes
UK Fund Reporting StatusYes
Securities LendingYes

Key service providers

CustodianJ.P. Morgan SE - Dublin Branch
Portfolio ManagerTidal Investments LLC
IssuerHANetf ICAV

Registrations

Ireland
United Kingdom

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
LSEFEP LNLFFEP.LBS2KX48$2024-05-17
Exchange LSE
Ticker FEP LN
RIC LFFEP.L
SEDOL BS2KX48
CCY $
Listing Date 2024-05-17

Returns

FEP (Fund)SFEPNTRC (Index)
1M2.83%2.98%
3M-0.47%
6M-3.91%
YTD-3.91%
12M-13.66%
3Y--9.27%
Since Inception (16/05/2024)-0.57%-0.26%

Performace chart

NAV

HANetf, data as of 30.06.2024. Please note that all performance figures are showing net data. Performance before inception is based on back-tested data. Back-testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If fund is less than 12 months old, YTD field will be calculated since inception. When you invest in ETFs your capital is at risk.

Holdings As of 23.07.2024

No. of holdings: 30

NameWeight
MICROSOFT CORP COMMON6.91%
CHUBB LTD COMMON STOCK5.29%
THERMO FISHER SCIENTIFIC5.15%
ASHTEAD GROUP PLC COMMON4.96%
SERVICE CORP4.78%
SHELL PLC ADR USD4.77%
SALESFORCE.COM INC.4.41%
BLACKROCK INC COMMON4.36%
INTERCONTINENTAL EXCHANGE4.20%
ADOBE INC COMMON STOCK4.17%

SectorWeight
Technology33.50%
Financials16.46%
Industrials13.24%
Health Care13.17%
Energy8.10%
Communications5.91%
Consumer Discretionary5.75%
Consumer Staples1.97%
Other1.91%

Methodology

The investment universe includes common stocks listed on regulated exchanges, concentrating on firms with robust financial fundamentals. Selected companies are based in developed markets. The index components are selected through a rigorous evaluation process focusing on financial stability and strategic market positioning.

On selection days, components are assessed based on their risk profiles across several dimensions business stability, industry risks, accounting practices, competitive dynamics, and the criticality of their products or services. Each component must meet a defined threshold in a combined risk score to be considered. Further refinement occurs on reconstitution days using a composite score that factors in the margin of safety and strategic business metrics.

The index is ordinarily rebalanced once per month on the rebalance day according to the index guidelines. In addition to the ordinary rebalance the extraordinary rebalancing may be triggered by big movements in the market driven by an anomaly. The extraordinary rebalancing may be triggered 3 times per year.

Index Details

IndexSolactive Lloyd Focused Equity Index
Index CurrencyUSD
Index ProviderSolactive AG
Index TickerSFEPNTRC
Index Dividend Yield
(As of 30.06.2024)
1.50%

Fund documents

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About Partner

Lloyd Capital GmbH is an independent, Swiss based, FINMA licensed asset manager and SEC registered investment advisor that specializes in the management of assets of high-net-worth individuals and family offices. Lloyd Capital GmbH is a wholly owned subsidiary of Emerald Wealth Partners AG.

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