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Monthly factsheet

Marketing material

Data as at
31.01.2022

Pictet - Human - R EUR At a glance


NAV/share EUR 85.31
Fund size EUR 308 mio
Positions 40

Investment overview Risk category SRRI1


Lower risk Higher risk
OBJECTIVE with a bias towards companies with superior
To increase the value of your investment while
seeking to achieve a positive environmental and
ESG characteristics to select securities that
it believes offer favourable growth prospects
1 2 3 4 5 6 7
Typically Typically
social impact. at a reasonable price. It also applies an lower reward higher reward
PORTFOLIO ASSETS exclusion policy relating to direct investment
The Compartment mainly invests in equities in issuers that are deemed incompatible General information
of companies contributing to human self- with Pictet Asset Management's approach to Legal form Sub-fund of a SICAV
development and/or self-fulfillment such responsible investment. For further information, Regulatory status UCITS
as education, distance learning, career please refer to our exclusion framework in the Domicile Luxembourg
development, support services, retirement Responsible Investment policy*. It methodically Inception date 30.11.2020
homes, entertainment. The Compartment exercises voting rights and may engage with Launch date 30.11.2020
invests worldwide, including in emerging issuers in order to positively influence ESG Share class currency EUR
markets and mainland China. practices. The portfolio composition is not Compartment currency USD
INVESTMENT PROCESS constrained relative to the benchmark, so the
Dividend Accumulated
In actively managing the Compartment, the similarity of the compartment's performance to
ISIN LU2247920262
investment manager uses a combination of that of the benchmark may vary.
Bloomberg PIPHREA LX
market and fundamental company analysis Reference index MSCI AC World (EUR)
Trade date (T) Daily on Any LUX
Business Day
Value of 100 EUR invested since 30.11.2020 (Net of fees*) Order deadline T CET 13:00
145 Settlement date T+2
PICTET - HUMAN - R EUR
(subscription)
MSCI AC WORLD (EUR) NAV calculation Daily
130
Min. investment horizon (year(s)) 5
SFDR Classification Article 9
115

Fees
100 Ongoing charges (OCR)1 2.73%
Performance fee -
85 (excluded from OCR)
Management fee (included in OCR) 2.30%
Max. conversion fee2 2.00%
70
12.2020 03.2021 06.2021 09.2021 12.2021 Max. subscription fee2 3.00%
Max. redemption fee2 1.00%
Current index: MSCI AC World (EUR) valid from 23.10.2020
Source: Pictet Asset Management
Source: Pictet Asset Management
*Including actual ongoing charges and excluding subscription/redemption fees and taxes borne by the investor 1. Please refer to additional information on page 3.
2. Fees in favor of the Distributor and not the
Management Company. Actual rates may be less. You
Performance disclosures can find the actual amount you might pay out from your
financial advisor or fund distributor.
The published performance represents past conditions and may lose some or all its value.
data. Past performance may not be a reliable The fund may be affected by changes in Management team
guide to future performance. There is no currency exchange rates, which can have an Alice de Lamaze, Marien-Baptiste Pouyat
guarantee that the same yields will be obtained adverse effect on the value or income of the Pictet Asset Management SA
in the future. The value and income of any fund.
of your investments may fluctuate with market

UCITS AND NON-UCITS DO NOT HAVE A GUARANTEED RETURN AND PREVIOUS RETURNS DO NOT GUARANTEE FUTURE ONES
Don’t take unnecessary risks. Read the prospectus and the Key Investor Information Document before investing

1 Pictet
Human
R EUR
Performance

Annualised (%)
1 YEAR 3 YEARS 5 YEARS SINCE INC.
Fund -20.59 - - -12.73
Reference index 22.72 - - 21.79

Cumulative (%)
YTD 1 MONTH 3 MONTHS 6 MONTHS 1 YEAR 2 YEARS 3 YEARS 5 YEARS SINCE INC.
Fund -14.20 -14.20 -18.41 -20.69 -20.59 - - - -14.69
Reference index -3.54 -3.54 -0.37 5.44 22.72 - - - 25.86

Calendar Year (%)


2021 2020
Fund -5.54 -
Reference index 27.54 -
Source: Pictet Asset Management

Portfolio Breakdown

Top 10 Holdings (% of asset) Risk Country (% of asset)


Unitedhealth Group Inc 4.88
Welltower Inc 4.76 United States 67.71

Idexx Laboratories Inc 4.46 Great Britain 10.63

Match Group Inc 4.41 Japan 6.39

Zoetis Inc 4.28 Netherlands 3.98

Walt Disney Co/The 4.16 Germany 3.24

Relx Plc 3.86 China 2.34

Recruit Holdings Co Ltd 3.83 Switzerland 1.36

Netflix Inc 3.75 Cash 4.35

Hellofresh Se 3.24 0 10 20 30 40 50 60 70 80 90

Sector breakdown (% of asset)

Care 46.28

Learn 31.92

Enjoy 20.42

Other -2.96

Cash 4.35

-10 0 10 20 30 40 50 60 70 80 90 100 110

Source: Pictet Asset Management

Portfolio characteristics

AS AT END OF JANUARY 2022 (OVER 1 YEAR(S))


Alpha -49.39
Beta 1.28
Annualised volatility (%) 18.01
Sharpe Ratio -1.25
Correlation 0.69
Source: Pictet Asset Management

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Risk considerations
The Share Class is assigned to this risk category - Counterparty risk: losses occur when a - Chinese "Stock Connect" trading programmes
because of the price variations resulting counterparty does not honour its obligations may be subject to additional risks related
from its currency and the nature of the related to contracts such as over-the-counter to ownership rights, clearing & settlement,
Compartment's investments and strategy. The derivatives. trading quotas and operational issues.
risk category shown is based on historical data - Financial Derivatives risk: the leverage - Sustainability risk: ESG related risk events or
and may not be a reliable indication for the resulting from derivatives amplifies losses in conditions could cause a material negative
future risk profile of the Share Class. It is not certain market conditions. impact on the value of the investment if they
a target or a guarantee and may change over - Investments in emerging markets are were to occur.
time. The lowest category does not mean a risk- generally more sensitive to risk events, such Further information can be found in the
free investment. The Compartment offers no as changes in the economic, political, fiscal prospectus.
capital guarantee or asset protection measures. and legal environment, as well as fraud.
The Compartment may be exposed to the - Investments in Mainland China may be
following risks which are not adequately subject to capital restrictions and trading
captured by the synthetic risk indicator and quotas (e.g. QFII and RQFII regimes). The
may negatively impact its value: Compartment may encounter difficulties or
- Operational risk: losses resulting from human delays in enforcing its rights in the event of
errors, system failures, incorrect valuation disputes.
and safekeeping of assets.

Glossary

Alpha Correlation Launch date


Alpha shows the percentage performance of Correlation shows how a fund's return moves The launch date is the date when the sub-fund
a fund above or below that explained by its in relation to the benchmark. Highly correlated was activated in its current legal status.
exposure to the broader market. investments tend to move up and down together NAV
SFDR Classification Article 9 while this is not true for investments with low An acronym of net asset value.
Aim to deliver a financial return alongside correlation.
Order deadline
achieving a positive and measurable impact by Standard deviation and annualised volatility Deadline for remittance of orders to the transfer
investing in companies that provide solutions to Annualised volatility is a risk indicator showing agent in Luxembourg as set out in the relevant
environmental and/or social problems. the extent of the price fluctuations of a security annexes to the prospectus. You may be required
Beta or fund unit compared to its average price over to submit your orders to your financial advisor
Beta shows the average extent a fund's return a given period. The higher the volatility, the or fund distributor by an earlier cut-off time.
moves relative to the broader market. A fund greater the fluctuations.
Sharpe ratio
with a beta above 1 moves on average more Inception date The Sharpe ratio shows the fund's risk-adjusted
than the market and below 1 moves on average The inception date is the date taken performance. It is calculated by dividing the
less than the market. into account for the start of performance excess return (portfolio return minus risk free
Conversion fee calculation. It corresponds to the launch date. return) by the volatility.
Fee paid for the transfer of shares of one unit/
share class to another unit/share class.

3 Pictet
Human
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"Resources", at the bottom of the page. The list of the MSCI information is intended to constitute investment
countries where the Fund is registered can be obtained advice or a recommendation (o make (or refrain from
at all times from Pictet Asset Management (Europe) making) any kind of investment decision and may not
Management Company S.A., which may decide to terminate the arrangements be relied on as such. Historical data and analysis should
made for the marketing of the Fund or compartments not be taken as an indication or guarantee of any future
Pictet Asset Management (Europe)
of the Fund in any given country. In Switzerland, the performance analysis, forecast or prediction. The MSCI
S.A. representative agent is Pictet Asset Management S.A. information is provided on an "as is" basis and the user
www.assetmanagement.pictet and the paying agent is Banque Pictet & Cie S.A. Pictet of this information assumes the entire risk of any use
Asset Management (Europe) S.A. has not taken any made of this information. MSCI, each of its affiliates and
steps to ensure that the securities referred to in this each other person involved in or related to compiling,
document are suitable for any particular investor and this computing or creating any MSCI information (collectively,
document is not to be relied upon in substitution for the the "MSCI Parties '') expressly disclaims all warranties
exercise of independent judgment. Tax treatment depends (including, without limitation, any warranties of originality,
on the individual circumstances of each investor and accuracy, completeness, timeliness, non-infringement.
may be subject to change in the future. Before making merchantability and fitness for a particular purpose)
any investment decision, investors are recommended to with respect to this information. Without limiting any of
ascertain if this investment is suitable for them in light the foregoing, in no event shall any MSCI Party have
of their financial knowledge and experience, investment any liability for any direct, indirect, special, incidental,
Important information goals and financial situation, or to obtain specific advice punitive, consequential (including, without limitation, fast
from an industry professional. Top 10 holdings do not profits) or any other damages. (www.msci.com).
For the purposes of this marketing material, “the Fund”
represent the full portfolio. There is no guarantee that For Singapore: the investment which is the subject of this
means the sub-fund of the fund referred to at the
these securities will be held in the future and you should material is not authorised or recognised by the Monetary
top of page 1 and “the share” designates either “the
not assume that investment in the securities listed was, Authority of Singapore and is not allowed to be offered
unit” or “the share”, depending on the legal form of
or will be profitable. Any reference to a ranking, a rating to the retail public. This material is not a prospectus as
the fund. This marketing material is issued by the
or an award provides no guarantee for future performance defined in the Securities and Futures Act. Accordingly
Fund Management Company, Pictet Asset Management
results and is not constant over time. For hedged share statutory liability under that Act in relation to the content
(Europe) S.A., a company authorized and regulated by
classes, only the compartment's consolidation currency is of prospectuses would not apply. You should consider
the Luxembourg regulator "Commission de Surveillance
hedged into the share class currency. Foreign exchange carefully whether the investment is suitable for you. The
du Secteur Financier". It is neither directed to, nor
exposure, resulting from assets in the portfolio which sale of shares of the Fund may be restricted in certain
intended for distribution or use by, any person or entity
are not denominated in the consolidation currency, jurisdictions. In particular shares may not be offered or
who is a citizen or resident of or located in any locality,
can remain. NAVs relating to dates on which shares sold, directly or indirectly in the United States or to
state, country or jurisdiction where such distribution,
are not issued or redeemed (“non-trading NAVs") in U.S. Persons, as is more fully described in the Fund's
publication, availability or use would be contrary to law
your country may be published here. They can only Prospectus. Further details may be obtained from the
or regulation. The information and data presented in
be used for statistical performance measurements and Fund's distributor.
this document are not to be considered as an offer or
calculations or commission calculations and cannot under
solicitation to buy, sell or subscribe to any securities or UK office: Pictet Asset Management Ltd, Moor House,
any circumstances be used as a basis for subscription
financial instruments or services. It cannot be used as Level 11 120 London Wall London EC2Y 5ET UNITED
or redemption orders. Performance is shown based on
a basis for subscription and does not form part of a KINGDOM. Authorized and regulated by the Financial
the share class NAV per share (in the share class
contract. The latest version of the fund‘s prospectus, Key Conduct Authority. Registered in England N° 181966.
currency) with dividends reinvested (for distributing share
Investor Information Document, annual and semi- annual
classes), including actual ongoing charges, and excluding For investors being marketed by Pictet Asset Management
reports must be read before investing. They are available
subscription/redemption fees and taxes borne by the Limited, DIFC Branch (“PAM DIFC”), this presentation is
free of charge in English on www.assetmanagement.pictet
investor. Inflation was not taken into account. As a being made available by PAM DIFC on a confidential basis
or in paper copy at Pictet Asset Management (Europe)
subscription fee calculation example, if an investor solely to professional clients or market counterparties
S.A., 15 avenue J.F. Kennedy, L-1855 Luxembourg, or
invests EUR 1000 in a fund with a subscription fee of (as defined by the Dubai Financial Services Authority)
at the office of the Fund local agent, distributor or
5%, he will pay to his financial intermediary EUR 47.62 on a “one-on-one” basis for the purpose of providing
centralizing agent if any. The KIID is also available in the
on his investment amount, resulting with a subscribed certain information about the Pictet Group (“Pictet”) and
local language of each country where the compartment
amount of EUR 952.38 in fund shares. In addition, certain investment funds and other investment vehicles
is registered. The prospectus and the annual and semi-
potential account keeping costs (by your custodian) may and products managed by Pictet. PAM DIFC is a Dubai
annual reports may also be available in other languages,
reduce the performance. Indices do not include fees or International Financial Centre company which is regulated
please refer to the website for other available languages.
operating expenses and you cannot invest in them. by the Dubai Financial Services Authority.
Only the latest version of these documents may be
The MSCI information may only be used for your internal
relied upon as the basis for investment decisions. The No part of this material may be copied or redistributed
use, may not be reproduced or redisseminated in any form
summary of investors rights (in English and in the without Pictet Asset Management prior written consent.
and may not be used as a basis for or a component of
different languages of our website) is available here ©2022Pictet
any financial instruments or products or indices. None of
and at www.assetmanagement.pictet under the heading

UCITS AND NON-UCITS DO NOT HAVE A GUARANTEED RETURN AND PREVIOUS RETURNS DO NOT GUARANTEE FUTURE ONES
Don’t take unnecessary risks. Read the prospectus and the Key Investor Information Document before investing

4 Pictet
Human
R EUR

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