Heptagon Future Trends Equity Fund

Heptagon Future Trends Equity Fund

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249.33
04 December 2024
ISIN
IE00BYWKMJ85
Currency
USD
SFDR classification
Article 8
Benchmark
MSCI World NR USD
Category
Global Large-Cap Growth Equity
Investment Style
Large Growth
Fund Size
USD117m

INVESTMENT OBJECTIVES

The Fund aims to deliver consistent and sustainable long-term returns by investing in a concentrated portfolio of global equities.

The Fund seeks to invest in a diverse range of businesses offering exposure to the key trends which we believe will help shape the future. These trends naturally align with the Sustainable Development Goals of the United Nations and are trends which we believe will grow in importance regardless of the economy and regulation.

The Fund is highly concentrated with low levels of turnover, and is sector, size, and geography agnostic. Portfolio construction is conducted bottom-up, with an emphasis on quantitative and qualitative factors as well as ESG considerations. The Fund does not invest in areas such as gambling, weapons, or tobacco and engages in active dialogue with companies to foster good ESG practices and improve the sustainability profile of companies in the long-term. Fund Manager, Alex Gunz, has worked in finance since 1997 and prior to joining Heptagon in 2011 was a top-ranked analyst at firms including Credit Suisse and JP Morgan.

Heptagon Future Trends – Cybersecurity: The more things change…

Cyberattacks could cost the world $9tr in 2024. This is despite annual cybersecurity spending growing at over 10% and remaining the number-one priority in enterprise budgets. Artificial intelligence (AI) has changed the rules of the game. It has increased both the range and sophistication of potential cyberattacks as well as the tools with which defenders can potentially manage them. AI needs to be incorporated into defences before large-scale adoption occurs in the hacker community. While the imperative is clear, the challenge relates to prioritising IT spend and ensuring appropriate ongoing training and education. Human error remains the number one reason why cyberattacks occur. From an investment perspective, there are multiple ways of playing the cybersecurity theme in both the public and private arena. Given the number of players, we expect industry consolidation to remain an active force and favour seeking exposure either through niche businesses or those with sufficient scale to develop dedicated platforms.

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Key stats

The below shows the information for the share class selected in the drop down box directly below the name of the fund. You can use the drop down box to view information relating to other share classes listed in the fund. A full list of all currency share classes is available on request.

Investment Team LocationLondon, UK
Active/PassiveActive with reference to a benchmark
BenchmarkMSCI World NR USD
Fund SizeUSD117m
Fund Launch12 January 2016
Fund StatusOpen to all investors
Share Class Launch12 January 2016
Share Class StatusOpen to existing investors
Fund CurrencyUSD
Share Class CCYUSD
Management Fee1%
Min. InvestmentUSD1,000,000
Fund TypeUCITS
DomicileIreland
AdministratorBBH Fund Administration Services (Ireland) Ltd
DepositaryBBH Trustee Services (Ireland) Ltd
AuditorGrant Thornton
Dealing FrequencyDaily
SubscriptionsT+2
RedemptionsT+3
Risk Management
1234567
Lower RiskHigher Risk

Performance

to
Frequency

Past performance is no guide to future performance and the value of investment and income from them can fall as well as rise.

Heptagon Future Trends Equity Fund Q3 2024 Webcast

Top Ten Holdings

As of 31 October 2024
NameSectorCountryWeight %
1Quanta Services IncIndustrialsUnited States6.6
2Palo Alto Networks IncInformation TechnologyUnited States6.1
3Equinix IncReal EstateUnited States6.0
4Prologis IncReal EstateUnited States5.5
5Intuitive Surgical IncHealth CareUnited States5.3
6Thermo Fisher Scientific IncHealth CareUnited States5.2
7Cheniere Energy IncEnergyUnited States5.1
8Mastercard Inc Class AFinancialsUnited States4.8
9Novo Nordisk AS Class BHealth CareDenmark4.8
10Xylem IncIndustrialsUnited States4.6

Exposure Breakdowns

As of 31 October 2024
TypeFund %Benchmark %
Communication Services3.87.8
Consumer Discretionary3.710.2
Consumer Staples4.06.3
Energy5.14.0
Financials4.815.8
Health Care16.411.4
Industrials22.511.0
Information Technology22.825.0
Materials3.53.6
Real Estate11.42.3
Utilities0.02.7
Cash1.90.0

Fund insights

Fund Manager

Funds to consider

Long/Short Equity - Global
Heptagon Future Trends Hedged Fund

The Fund aims to deliver consistent and sustainable long-term returns by investing in a concentrated portfolio of global equities. The Fund also has the ability to invest in financial derivative instruments for investment purposes and to hedge against market risk. The Fund seeks to invest in a diverse range of businesses offering exposure to the key trends which we believe will help shape the future. These trends naturally align with the Sustainable Development Goals of the United Nations and are trends which we believe will grow in importance regardless of the economy and regulation. The Fund is highly concentrated with low levels of turnover, and is sector, size, and geography agnostic. Portfolio construction is conducted bottom-up, with an emphasis on quantitative and qualitative factors as well as ESG considerations. The Fund does not invest in areas such as gambling, weapons, or tobacco and engages in active dialogue with companies to foster good ESG practices and improve the sustainability profile of companies in the long-term. Fund Manager, Alex Gunz, has worked in finance since 1997 and prior to joining Heptagon in 2011 was a top-ranked analyst at firms including Credit Suisse and JP Morgan. 

Disclaimers

Heptagon Capital Limited, Heptagon Capital LLP and its Partners disclaim any and all liability relating to these materials, including, without limitation, any express or implied representations or warranties for statements or errors contained in, and omissions from, these materials. Certain assumptions have been made, and/or parameters set, in the preparation of these materials which have resulted in the returns detailed herein, and no representation or warranty is made that any returns indicated will be achieved. Changes to assumptions or parameters may have a material impact on the returns detailed. This document should not be considered an offer to buy or sell investments. Heptagon Capital Limited has issued this communication as investment manager for Heptagon Fund ICAV, and is licenced to conduct investment services by the Malta Financial Services Authority.

Heptagon Capital LLP, acting as Distributor, is authorised and regulated in the UK by the Financial Conduct Authority.

Representative and Paying Agent in Switzerland is Société Générale, Paris, Zurich branch, Talacker 50, PO Box 1928, 8021 Zurich, Switzerland. The prospectus, the key investor information document, the Articles and the annual and semi-annual reports are available free of charge from the Swiss representative.

The results given herein are based solely upon historical fund performance as gathered and supplied by Morningstar. That past performance has not been independently verified by either Heptagon Capital Limited or Heptagon Capital LLP. It is not intended to predict or depict the future performance of any investment. Past performance is not necessarily indicative of future returns.

The information contained herein is provided for informational purposes only, is not complete, and does not contain certain material information about the funds, including important disclosures and risk factors associated with an investment in the funds. Before making an investment in any fund, prospective investors are advised to thoroughly and carefully review the fund’s private placement memorandum with their financial, legal and tax advisors to determine whether an investment is suitable for them. An investment in these funds is not suitable for all investors.

Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and S&P Global Market Intelligence (“S&P”) and is licensed for use by Heptagon Fund ICAV. Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.