Setanta Reditus Global Equity Fund – UCITS

Description:

The Setanta Reditus Global Equity Fund is a sub-fund of Beresford Funds ICAV and is managed by Setanta Asset Management Limited (“Setanta”).

The Fund is an actively managed, ethically-screened equity portfolio which typically holds c.50-100 stocks.  The portfolio is managed in accordance with the Setanta investment philosophy.  That is, the managers seek to own good businesses for the long-term at prices below what they think they’re worth, carefully considering each investment’s risk profile; in addition to this stocks are screened to ensure they meet predefined ethical criteria.  Ethical restrictions exclude investments in a number of areas, including the likes of tobacco, armaments, embryonic stem cell research, and fossil fuels.

The fund is managed by a team of eight global sector specialists, overseen by two lead portfolio managers.  The aim is to achieve a sensible level of diversification on a sector and geographic basis.  Within each sector, stocks are chosen on the basis of bottom-up analysis, based on investment and ethical merit.  Rather than focusing on the historic level of volatility of an asset, the portfolio managers regard the probability of permanent impairment of capital as the most relevant measure of risk. In doing so, they seek to maximise downside protection by understanding the risks posed by the valuation, financial, and operational characteristics of the asset.

The Fund’s active share, a measure of overlap versus the benchmark, is typically around 90%, a level that is generally considered highly differentiated.

 

Investment Objective:

The objective of the Fund is to achieve capital appreciation over the long term.

Key Information & Disclosures(s)

The Setanta Reditus Global Equity Fund is a sub-fund of Beresford Funds ICAV.  The Custodian for the Fund is Citibank International Limited, Ireland Branch.  The Fund is authorised in Ireland and regulated by the Central Bank of Ireland. Learn more

The EU Sustainable Finance Disclosure Regulation (“SFDR”) requires a determination, on a product-by-product basis, whether sustainability risks are relevant to financial products.  For the purposes of SFDR, “sustainability risk” means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of an investment.

While sustainability risks might (from an economic perspective) have a material negative effect on the returns of the Setanta Reditus Global Equity Fund, we have determined that sustainability risks are not relevant to the Fund. The Fund does not expressly promote or have a core objective concerning sustainability matters as set out in SFDR, or expressly oblige Setanta to integrate sustainability risks into its investment decision making and/or assess the likely impacts of sustainability risks on the returns of the Fund.

Setanta will keep its assessment that sustainability risks are not relevant to the Fund under regular review. Setanta has implemented a policy in respect of the integration of sustainability risks in its investment decision making process on a firm-wide basis. This policy is available here.

WARNING: Past performance is not a reliable indicator of future results. The price of units and the income from them may go down as well as up and investors may not get back the amount invested. The return may increase or decrease as a result of currency fluctuations. Forecasts are not a reliable indicator of future performance.