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AUM 28.10.2022
Active Share is a measure of the percentage of stock holdings in a fund that differ from the benchmark index
The Fund’s investment objective is to provide long term capital growth. The Fund seeks to achieve its objective by investing in a portfolio of companies worldwide that support, through their technology solutions and services, the decarbonisation and transformation of the global transportation sector.
The Investment Manager’s investment philosophy is based on their conviction that sustainable companies providing highly competitive technology solutions and services for the decarbonisation and transformation of the global transportation sector will deliver sustainable shareholder value in the long term, outperforming their peers.
The Polar Capital Smart Mobility Strategy follows a structured and disciplined investment process, integrating material sustainability factors in each step of the investment process. The objective is to generate superior returns by investing in attractively valued companies compared to their long-term earnings potential whilst minimizing the risk factors linked to unsustainable business practices. The stock selection is a result of a thorough fundamental analysis including material sustainability factors, taking into account additional factors like sub-cluster attractiveness as well as valuation discrepancies compared to consensus views. The overall result is a high conviction portfolio of companies addressing different sub-segments of the overall investment theme value chain, while offering at the same time a high level of diversification.
Based in London, Thiemo is Head of the Sustainable Thematic Equity Team and Senior Portfolio Manager of the Polar Capital Smart Energy and Smart Mobility strategies. Before joining Polar Capital in September 2021, Thiemo was the Head of Thematic Investing Energy/Mobility/Materials of Robeco Switzerland Ltd, Zurich, being the lead manager of the RobecoSAM Smart Energy and the Smart Mobility strategies. Prior to joining Robeco in 2007, Thiemo was Senior Portfolio Manager at Lombard Odier Darier Hentsch & Cie of the Infology Fund, where he was in charge of the sub-sectors semiconductors and “new technologies”. Thiemo began his investment career at his previous job at Activest/HypoVereinsbank, Munich in 1999. Being promoted to Portfolio Manager in 2002, he held the performance responsibility for the “Activest Lux NanoTech” fund. Before moving to the financial industry, Thiemo worked at Siemens as a development engineer. Thiemo holds a PhD from the Grenoble Institute of Technology in Optics/Photonics, and an engineering degree (Diploma of Electronics) from the University of Stuttgart.
Thomas Guennegues joined Polar Capital in September 2021 as a Senior Analyst on the Polar Capital Smart Energy and Polar Capital Smart Mobility strategies. As an analyst Thomas has more than ten years of experience in the area of thematic investing. Before joining Polar Capital, Thomas was an Equity Analyst from 2010 within Robeco’s thematic product range dedicated to the RobecoSAM Smart Energy and Smart Mobility strategies. In his position, he covered companies active in the areas of renewables, electric equipment and e-mobility. The integration of ESG criteria in the fundamental analysis was an integral part. Thomas gained practical technical experience during his employment at PSA Peugeot Citroën as a Fluid Dynamics Engineering Consultant and as a visiting scholar at Stanford University. Thomas holds a Engineering degree and a Master’s degree in Fluid Mechanics from the University ISAE-SUPAERO. He is a CFA Charterholder.
Guenther Hollfelder joined Polar Capital in September 2021 as a Senior Analyst on the Polar Capital Smart Energy and Polar Capital Smart Mobility strategies. Guenther has more than 20 years of experience as an equity analyst covering the technology sector. From January 2019 to August 2021 he worked as a buy-side analyst at Robeco in Zurich dedicated to the RobecoSAM Smart Energy and Smart Mobility strategies. Previously, Guenther was a sell-side equity analyst at Baader-Helvea (2012-2018) and HypoVereinsbank (2001-2009) in Munich and Head of the Semiconductor & Technology Hardware research team at UniCredit in London (2009-2012). Before this Guenther has worked as a trainee for two years at Infineon Technologies in Munich and Cupertino, CA. He holds a MSc from Montpellier Business School in France and a Diploma in Business (elective in information systems & applied computer sciences) from the University of Bamberg in Germany. Guenther is a CFA Charterholder.
Junwei joined Polar Capital in September 2021 as a Senior Analyst on the Polar Capital Smart Energy and Polar Capital Smart Mobility strategies. Prior to joining Polar Capital, Junwei was the lead portfolio manager of the RobecoSAM Global Gender Equality Impact Equities Fund and the deputy portfolio manager of the RobecoSAM Global SDG (Sustainable Development Goals) Equities Fund where she focused on companies whose businesses and products contribute positively to environmental and social objectives. Before being promoted to the portfolio manager role, Junwei was a senior equity analyst covering thematic research and the lead analyst for the RobecoSAM Sustainable Equities Water Fund where she was responsible for companies that provide technology and solutions to the water value chain and the environmental protection sector. She has spent more than 11 years in the area of sustainable investing, of which the integration of material ESG criteria in the valuation of companies and active ownership were an integral part. Prior to joining Robeco Switzerland Ltd, Zurich, in 2010, Junwei held various portfolio management roles at EFG International and Wegelin & Co. Junwei holds a Bachelor’s degree in Business, major in Banking & Finance from Nanyang Technological University in Singapore and is a Certified International Investment Analyst (CIIA).
Stefanie Rath joined Polar Capital in October 2021 as a Product Specialist. Before joining Polar Capital, Stefanie was a Client Portfolio Manager responsible for Robeco’s thematic and impact equity strategies. As such, she served as the interface between portfolio managers, global sales representatives and various other stakeholders. Consequently, she was the direct point of contact for various kinds of product related queries. Among other tasks her job included daily interactions with wholesale and institutional clients to provide them with timely portfolio updates, taking the latest market developments into account and participation in webinars and roadshows. Before she joined Robeco Switzerland Ltd, Zurich, in 2019 she was employed at Goldman Sachs Asset Management as a member of the Third Party Distribution Team. Her career in the investment industry started in 2013 when Stefanie joined the wealth management department at Raiffeisen Capital in Vienna. Stefanie holds a Master's degree in Finance from Grenoble Ecole de Management (London campus) and a Bachelor's degree from the University of Denver.
Please click on each country to see share class availability
Risks:
Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Smart Mobility Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Fund is actively managed and uses the MSCI ACWI Net TR Index as a performance target. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.msci.com/. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP, Polar Capital Funds PLC or Polar Capital (Switzerland) AG shall be held liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
Invalid Dates
Update chart| Since Launch | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | Cumulative | Annualised | |
| USD Class I Acc | 3.40 | -12.83 | -28.00 | -29.86 | - | - | - | -23.90 | -22.40 |
| Index | 6.49 | -7.25 | -20.80 | -19.61 | - | - | - | -15.51 | -14.49 |
Source: Northern Trust International Fund Administration Services (Ireland) Ltd, monthly percentage growth, US$ and has been calculated to account for the deduction of fees. Performance data takes account of fees paid by the fund but does not take account of any commissions or costs you may pay to third parties when subscribing for or redeeming shares or any taxes or securities account charges that you may pay on your investment in the fund. Such charges will reduce the performance of your investment. A 5% subscription fee can be charged at the Investment Managers discretion. The USD Class I Acc was launched on 30 September 2021. The index performance figures are sourced from Bloomberg and are in US$ terms. These figures refer to the past. Investments in funds are subject to risk. Past performance is not a reliable indicator of future returns. The money invested in a fund can increase and decrease in value and past performance is not a reliable indicator that you will get back the full amount invested. The performance calculation is based on US$. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
| 12 months to | 28.10.22 | 29.10.21 | 30.10.20 | 31.10.19 | 31.10.18 |
|---|---|---|---|---|---|
| USD Class I Acc | -29.86 | - | - | - | - |
| Index | -19.61 | - | - | - | - |
Please click on each country to see share class availability
Risks:
Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Smart Mobility Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Fund is actively managed and uses the MSCI ACWI Net TR Index as a performance target. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.msci.com/. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Performance: The performance shown has been calculated to account for the deduction of fees and expenses and includes the reinvestment of dividends and capital gain distributions. £ or GBP/US$/JPY/EUR/CHF = Currency abbreviations of: British Pound sterling/US Dollar/Japanese Yen/Euro/Swiss Franc, respectively.
Risk:Factors affecting fund performance may include changes in market conditions (including currency risk) and interest rates, as well as other economic, political, or financial developments. The Fund’s investment policy allows for it to enter into derivatives contracts. Leverage may be generated through the use of such financial instruments and investors must be aware that the use of derivatives may expose the Fund to greater risks, including, but not limited to, unanticipated market developments and risks of illiquidity, and is not suitable for all investors. Past performance is not a guide to or indicative of future results. Future returns are not guaranteed and a loss of principal may occur.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP, Polar Capital Funds PLC or Polar Capital (Switzerland) AG shall be held liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
| Visteon Corp | 6.0 |
| APTIV | 5.4 |
| SolarEdge Technologies | 5.3 |
| ON Semiconductor | 4.7 |
| Analog Devices | 4.6 |
| Renesas Electronics Corp | 4.2 |
| U-BLOX HOLDING AG | 4.2 |
| Uber Technologies | 4.1 |
| Trimble Navigation | 4.0 |
| Infineon Technologies | 3.8 |
| Total |
| Large Cap (>US$10bn) | 73.4 | |
| Mid Cap (US$1 - 10bn) | 20.9 | |
| Small Cap (<US$1bn) | 5.2 | |
| Cash | 0.4 |
| USD | 50.5 | |
| EUR | 18.6 | |
| JPY | 10.5 | |
| CHF | 7.4 | |
| TWD | 5.1 | |
| KRW | 3.0 | |
| CNH | 1.9 | |
| AUD | 1.4 | |
| HKD | 1.3 | |
| GBP | 0.7 | |
| CNY | -0.4 | |
| Cash | 0.4 | |
| EV Technologies | 33.1 | |
| Mobility Infrastructure | 29.6 | |
| Autonomous Driving | 26.7 | |
| EV Manufacturing | 10.1 | |
| Cash | 0.4 | |
| Europe | 39.2 | |
| US & Canada | 31.8 | |
| Asia Pac (ex-Japan) | 12.8 | |
| Japan | 10.4 | |
| Middle East & Africa | 5.3 | |
| Cash | 0.4 | |
Note: Totals may not sum due to rounding.
Please click on each country to see share class availability
Risks:
Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Smart Mobility Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Holdings: Portfolio data is “as at” the date indicated and should not be relied upon as a complete or current listing of the holdings (or top holdings) of the fund. The holdings may represent only a small percentage of the aggregate portfolio holdings, are subject to change without notice, and may not represent current or future portfolio composition. Information on particular holdings may be withheld if it is in the fund’s best interest to do so. A historic complete list of the portfolio holdings may be made available upon request. It should not be assumed that recommendations made in future will be profitable or will equal performance of the securities in this document. A list of all recommendations made within the immediately preceding 12 months is available upon request. This document is designed to provide updated information to professional investors to enable them to monitor the Fund. No other persons should rely upon it. The information provided in this document should not be considered a recommendation to purchase or sell any particular security.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Fund is actively managed and uses the MSCI ACWI Net TR Index as a performance target. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.msci.com/. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Allocations: The strategy allocation percentages set forth in this document are estimates and actual percentages may vary from time-to-time. The types of investments presented herein will not always have the same comparable risks and returns. Please see the private placement memorandum for a description of the investment allocations as well as the risks associated therewith. Please note that the Fund may elect to invest assets in different investment sectors from those depicted herein, which may entail additional and/or different risks. Performance of the Fund is dependent on the Investment Manager’s ability to identify and access appropriate investments, and balance assets to maximize return to the Fund while minimizing its risk. The actual investments in the Fund may or may not be the same or in the same proportion as those shown herein.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP, Polar Capital Funds PLC or Polar Capital (Switzerland) AG shall be held liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
Please click on each country to see share class availability
Risks:
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP, Polar Capital Funds PLC or Polar Capital (Switzerland) AG shall be held liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
| Bloomberg | ISIN | SEDOL | OCF | ||
|---|---|---|---|---|---|
| GBP Class I Acc | SMSMIGA ID | IE0005IB58D2 | BPF0PX7 | 0.94% | - |
| USD Class I Acc | SMSMIUS ID | IE000GSDD6V5 | BPF0PW6 | 0.94% | - |
| EUR Class I Acc | SMSMIER ID | IE000YHEMDX6 | BPF0PY8 | 0.94% | - |
| CHF Class I Acc | SMSMICA ID | IE000JP9F3Q4 | BPF0Q01 | 0.94% | - |
| SEK Class I Acc | SMSMISK ID | IE000T3ULMP8 | BPF0PZ9 | 0.94% | - |
| GBP Class R Acc | SMSMSGG ID | IE0004R5Z293 | BPF0PR1 | 1.64% | - |
| USD Class R Acc | SMSMSUN ID | IE000A5JPPP1 | BPF0PQ0 | 1.64% | - |
| EUR Class R Acc | SMSMISE ID | IE000ZV6FWT2 | BPF0PS2 | 1.64% | - |
| CHF Class R Acc | SMSMISC ID | IE000V9BMHJ2 | BPF0PV5 | 1.64% | - |
| SEK Class R Acc | SMSMISS ID | IE000WGKV6D6 | BPF0PT3 | 1.64% | - |
The ongoing charge figure is estimated. This figure may vary from year to year.
| Polar Capital Funds plc - Smart Mobility Fund | 549300O06PO1N5TPN874 |
| Polar Capital Funds plc | AC04XZR030XL8IH7BK98 |
| Polar Capital LLP | 4YW3JKTZ3K1II2GVCK15 |
Please click on each country to see share class availability
Risks:
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP, Polar Capital Funds PLC or Polar Capital (Switzerland) AG shall be held liable for, and accept no liability for, the use or misuse of this document.
The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.
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