Date | Fund total AUM | NAV | ISIN code |
19/02/20 | 232 639 202€ | 175.924€ | LU0599612842 |
Date | Fund total AUM | NAV | Niveau de l’indice de référence | Currency | ISIN code | Bloomberg tickers |
19/02/20 | 232 639 202€ | 175.924€ | 180.78 | EUR | LU0599612842 | EUMV LN |
- Introduction
- Characteristics
- Exposure
- Performances
- Components
The investment objective of the Fund is to replicate, before the Fund’s fees and expenses, the performance of the iSTOXX® Europe Minimum Variance Index Net Return (EUR).
The aim of the index is to deliver the net total return performance of a selection of stocks, from the STOXX® Europe 600 Index that are the most liquid and weighted to minimize the volatility of the total portfolio (optimal weights).
As a result, the index reflects the performance of a dynamic selection of the 300 most liquid stocks from the STOXX® Europe 600 Index (EUR).
Please note that if the currency of the fund/share class is different from the currency of your area, any losses or gains generated by the fund/share class may be affected by exchange rate fluctuations (both upward and downward).
Bloomberg ticker | EUMV LN |
Reuters RIC | EUMV.L |
SEDOL | B3L1LV0 |
Bloomberg ticker | LEMV LN |
Reuters RIC | LEMV.L |
SEDOL | B4LWWC8 |
Bloomberg ticker | IEUMV Index |
RIC Reuters | .IEUMV |
Inception date | 21/06/2011 |
Legal form | Luxembourg SICAV |
Listing place | LSE |
UCITS IV | Yes |
Currency | EUR |
TER | 0.65% |
Minimum investment | 1 unit |
Parity | 1 |
Dividends | Accumulating |
Replication type | Synthetic (unfunded swap) |
Contry(ies) of registration | Germany, France, Italy, Luxembourg, Switzerland, UK, Austria, Netherlands |
Cut off time | 4:00 pm (Luxembourg) |
Investment manager | Ossiam |
Management company | Ossiam |
Liquidity provider | BNP Paribas |
Facilities Agent | Société Générale Securities Services Custody London |
Depositary / Administrative Agent | State Street Bank Luxembourg S.A. |
Auditor | PricewaterhouseCoopers SARL |
Authorized Participants | see section : Partners |
SIP | Yes |
ISA | Yes |
UK reporting status | Yes |
Reference investment universe | ISIN code |
iSTOXX® Europe Minimum Variance Index Net Return | CH0124001543 |
Reference investment universe | ISIN code | Reuters RIC | Bloomberg Ticker | Methodology |
iSTOXX® Europe Minimum Variance Index Net Return | CH0124001543 | .ISEMVT | ISEMVT |
The fund tracks the performance of the Ossiam Minimum Variance strategy applied to a portfolio of European stocks. The investment process is embedded in the iSTOXX® Europe Minimum Variance Index NR (the "Reference Index"). The aim of the index is to deliver the net total return performance of a selection of stocks, from the STOXX® Europe 600 Index (the "Investment Universe") that are the most liquid and weighted to minimize the volatility of the total portfolio (optimal weights). As a result, the index reflects the performance of a dynamic selection of the 300 most liquid stocks from the STOXX® Europe 600.
iSTOXX® Europe Minimum Variance Index NR is calculated and published on a real time and end-of-day basis by STOXX using the latest available prices and the current composition of the STOXX® Europe 600 Index. STOXX adjusts the number of units of each constituent due to corporate actions (such as stock splits, stock dividends, spin-offs and rights offerings) in accordance with its standard methodology.
Source : STOXX Ltd - calculation by Ossiam
Source : STOXX Ltd - calculation by Ossiam based on the country of domiciled of each stock.
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Disclaimers |
Ossiam Lux (the SICAV) is organized as an investment company with variable capital under the laws of the Grand-Duchy of Luxembourg and was approved by the Luxembourg market authority CSSF on 22/04/2011 under the Visa 2011/74085-7020-0-PC. Effective as of 20 May 2016, the SICAV has appointed Ossiam as its management company, responsible for the investment management, administration and distribution of the SICAV. The management company has appointed State Street Luxembourg as Administrative Agent, Paying Agent, Domiciliary and Corporate Agent, Registrar and Transfer Agent of the SICAV. Ossiam, a subsidiary of Natixis Investment Managers, is a French asset manager authorized by the Autorité des Marchés Financiers (Agreement No. GP-10000016). Although information contained herein is from sources believed to be reliable, Ossiam makes no representation or warranty regarding the accuracy of any information of which it is not the source. The information presented in this page is based on market data at a given moment and may change from time to time. The risks associated with the Fund and the Index are detailed in the « General Risk Considerations » section of the Prospectus, available in English on www.ossiam.com. Investments decision should only be made on the basis of the Prospectus. Investors should also be well informed about the main characteristics of the Index (number of stocks, sector and or country breakdown, past evolution…) in order to have an overview of the risks and opportunities related to an exposure to the Index. Some degree of performance difference between OSSIAM ETF product and the underlying index is to be expected as a result of index replication costs and tracking error. The sub-fund shown on this page is not registered or authorized in all jurisdictions and may not be available to all investors in a jurisdiction. Accordingly, if investors have any questions about the registration or authorization of the sub-fund referenced on this page, they should contact the Management Company or Investment Manager for further information. Any investment in or distribution of the sub-fund referenced herein would only be possible if it was in compliance with all applicable laws and regulations, including, but not limited to obtaining any required registrations. The OSSIAM iSTOXX® EUROPE MINIMUM VARIANCE NR is in no way sponsored, endorsed, sold or promoted by STOXX. STOXX will have no liability for any errors, omissions or interruptions in the iSTOXX® Europe Minimum Variance NR Index.
Source: Ossiam / Bloomberg - Calculation by Ossiam. Past performance is not a reliable indicator of future performance.
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Disclaimers |
Ossiam Lux (the SICAV) is organized as an investment company with variable capital under the laws of the Grand-Duchy of Luxembourg and was approved by the Luxembourg market authority CSSF on 22/04/2011 under the Visa 2011/74085-7020-0-PC. Effective as of 20 May 2016, the SICAV has appointed Ossiam as its management company, responsible for the investment management, administration and distribution of the SICAV. The management company has appointed State Street Luxembourg as Administrative Agent, Paying Agent, Domiciliary and Corporate Agent, Registrar and Transfer Agent of the SICAV. Ossiam, a subsidiary of Natixis Investment Managers, is a French asset manager authorized by the Autorité des Marchés Financiers (Agreement No. GP-10000016). Although information contained herein is from sources believed to be reliable, Ossiam makes no representation or warranty regarding the accuracy of any information of which it is not the source. The information presented in this page is based on market data at a given moment and may change from time to time. The risks associated with the Fund and the Index are detailed in the « General Risk Considerations » section of the Prospectus, available in English on www.ossiam.com. Investments decision should only be made on the basis of the Prospectus. Investors should also be well informed about the main characteristics of the Index (number of stocks, sector and or country breakdown, past evolution…) in order to have an overview of the risks and opportunities related to an exposure to the Index. Some degree of performance difference between OSSIAM ETF product and the underlying index is to be expected as a result of index replication costs and tracking error. The sub-fund shown on this page is not registered or authorized in all jurisdictions and may not be available to all investors in a jurisdiction. Accordingly, if investors have any questions about the registration or authorization of the sub-fund referenced on this page, they should contact the Management Company or Investment Manager for further information. Any investment in or distribution of the sub-fund referenced herein would only be possible if it was in compliance with all applicable laws and regulations, including, but not limited to obtaining any required registrations. The OSSIAM iSTOXX® EUROPE MINIMUM VARIANCE NR is in no way sponsored, endorsed, sold or promoted by STOXX. STOXX will have no liability for any errors, omissions or interruptions in the iSTOXX® Europe Minimum Variance NR Index.
For the sake of transparency, Ossiam publishes the full composition of the reference index (with a delay of 2 working days due to index provider constraints). The table below shows the 10 largest stocks in the index. To download the full composition of the index, click on the link "download the index composition (Excel)".
Name | ISIN code | Weight | Last price | Currency |
CARLSBERG AS-B | DK0010181759 | 4.06% | 789.40 | DKK |
UCB SA | BE0003739530 | 3.32% | 78.78 | EUR |
ASSICURAZIONI GENERALI | IT0000062072 | 3.31% | 15.17 | EUR |
Akzo Nobel NV | NL0013267909 | 3.28% | 82.24 | EUR |
Koninklijke Ahold Delhaize NV | NL0011794037 | 3.24% | 23.04 | EUR |
Aroundtown SA | LU1673108939 | 3.17% | 7.54 | EUR |
AXA SA | FR0000120628 | 2.95% | 20.79 | EUR |
Compass Group PLC | GB00BD6K4575 | 2.86% | 17.16 | GBP |
COLOPLAST-B | DK0060448595 | 2.74% | 627.00 | DKK |
ORANGE | FR0000133308 | 2.63% | 13.66 | EUR |
Name | ISIN code | Weight | Last price | Currency |
CARLSBERG AS-B | DK0010181759 | 4.06% | 789.40 | DKK |
UCB SA | BE0003739530 | 3.32% | 78.78 | EUR |
ASSICURAZIONI GENERALI | IT0000062072 | 3.31% | 15.17 | EUR |
Akzo Nobel NV | NL0013267909 | 3.28% | 82.24 | EUR |
Koninklijke Ahold Delhaize NV | NL0011794037 | 3.24% | 23.04 | EUR |
Aroundtown SA | LU1673108939 | 3.17% | 7.54 | EUR |
AXA SA | FR0000120628 | 2.95% | 20.79 | EUR |
Compass Group PLC | GB00BD6K4575 | 2.86% | 17.16 | GBP |
COLOPLAST-B | DK0060448595 | 2.74% | 627.00 | DKK |
ORANGE | FR0000133308 | 2.63% | 13.66 | EUR |
Source: STOXX Ltd - data shown relate to the 10 largest stocks in the index. To access the full composition click on the excel link.
The fund uses synthetic replication to track the performance of the Index. Therefore, the Fund holds a basket of stocks called a "substitude basket" and an index swap. The substitute basket is a selection of stocks that are included in the index composition or that can be different from the latter one. The index swap is a contract between the ETF and one or more counterparties according to which the ETF pays to the counterparty(ies) the performance of the substitute basket and receives from the counterparty(ies) the performance of the index. For the sake of transparency, Ossiam publishes the full composition of the ETF assets (with a delay of 2 working days due to index provider constraints). The table below shows the 10 largest lines of the ETF assets. To download the full composition of the ETF assets, click on the link "download the fund assets (Excel)".
Name | ISIN code | Weight |
SIEMENS AG-REG | DE0007236101 | 7.82% |
BAYER AG-REG | DE000BAY0017 | 7.30% |
ALLIANZ SE-REG | DE0008404005 | 6.64% |
DEUTSCHE LUFTHANSA-REG | DE0008232125 | 6.15% |
DEUTSCHE POST AG-REG | DE0005552004 | 5.81% |
Morgan Stanley | 4.96% | |
SAP SE | DE0007164600 | 4.29% |
DEUTSCHE TELEKOM AG-REG | DE0005557508 | 4.24% |
RWE AG | DE0007037129 | 3.62% |
ING Groep NV | NL0011821202 | 3.59% |
Name | ISIN code | Weight |
SIEMENS AG-REG | DE0007236101 | 7.82% |
BAYER AG-REG | DE000BAY0017 | 7.30% |
ALLIANZ SE-REG | DE0008404005 | 6.64% |
DEUTSCHE LUFTHANSA-REG | DE0008232125 | 6.15% |
DEUTSCHE POST AG-REG | DE0005552004 | 5.81% |
Morgan Stanley | 4.96% | |
SAP SE | DE0007164600 | 4.29% |
DEUTSCHE TELEKOM AG-REG | DE0005557508 | 4.24% |
RWE AG | DE0007037129 | 3.62% |
ING Groep NV | NL0011821202 | 3.59% |
Source: Ossiam - data shown relate to the 10 largest holdings of the fund. To access the full composition click on the excel link.
Equity Participation Rate (%) |
94.9756 % |