Incrementum All Seasons Fund USD I EUR I EUR R EUR V CHF I CHF R USD I

Performance

Monthly performance in %

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2025 3.75 -1.39 3.02 -1.92 1.12 - - - - - - - 4.52
2024 -1.02 -3.09 6.24 5.45 2.05 -3.60 1.47 -1.95 1.24 -1.02 -2.87 -3.33 -1.04
2023 6.66 2.02 -0.21 -1.39 -4.42 -1.77 4.94 0.02 3.78 -0.85 -2.78 1.55 7.18
2022 9.43 5.74 6.23 4.76 5.61 -8.75 3.40 1.33 -1.01 4.31 5.22 -1.35 39.38
2021 3.01 11.18 1.06 0.46 5.74 0.51 -5.23 -1.49 7.28 0.12 -4.68 -0.50 17.52
2020 -5.02 -2.87 -10.96 10.04 0.21 0.11 2.27 -0.65 -3.03 -3.43 11.84 3.36 -0.26
2019 - - - - - 0.49 1.16 -2.33 2.54 0.16 -1.22 5.31 6.08

Yearly performance in %

1 month 3 months 1 year 3 years 5 years since inception p.a. since inception
Fund 6.03 -0.72 -5.06 18.01 - 92.12 11.65

Fund features

Fund features on 08.05.2025

NAV: 192.12 USD
Currency: USD (hedged)
ISIN: LI0477123660
WKN: A2PLD5
Bloomberg-Ticker: IASUSDD LE
Investment approach: diversified, value driven, no benchmark
Launch date: 06.06.2019
Fund size: 178.6 Mio. USD
Minimum investment: 250,000.- USD
Subscriptions / Redemptions: daily
Distribution policy: retention
Administrator: IFM Independent Fund Management AG
Custodian bank: Liechtensteinische Landesbank AG
Registered for sale: AT, CH, DE, LI
Savings plan: possible

Costs

Subscription fee: none
Management fee: 1.000 % p.a.
Performance fee: none
Hurdle: none
High water mark: no
TER: 1.20 % (19.06.2024)
Administration and custody fee: 0.32 %

Fund allocation

Top 10 positions - 30.04.2025

Amundi Physical Gold 9 %
WisdomTree Physical Silver 4 %
Uranium Resources Fund 3 %
WisdomTree Physical Platinum 2 %
Frontline 2 %
Pacific Basin Shipping 2 %
British American Tabacco 2 %
Hafnia 2 %
The Mosaic Co 2 %
International Seaways Rg 2 %

Asset Allocation - 30.04.2025

Currency allocation - 30.04.2025

EUR 22 %
XAU 21 %
JPY 21 %
USD 14 %
NOK 8 %
XAG 5 %
GBP 5 %
HKD 3 %
XPT 2 %
XPD 1 %
CAD 1 %
AUD 0 %
SEK 0 %
CHF -5 %

Equity allocation - 30.04.2025

Energy 20 %
Gold and PM Mining 14 %
Shipping 14 %
Miscellaneous 7 %
Other Commodity Producers 7 %
Emerging Market Value 6 %
Infrastructure / RE 4 %
Japan Value 3 %
Disrupting / Growth 0 %
Equity Index Short -43 %

Downloads

Factsheets

Monthly factsheet
Onepager

Constitutional and distribution documents

PRIIPS KID
Prospectus
Portrait (EN)
Annual report
Semi-annual report

Management commentary

Seasonal Reflections – 2501-en 23.01.2025
Season’s Greetings - 2024 19.12.2024
Interim Management Commentary – 18.12.2024 18.12.2024
Seasonal Reflections – 2404-en 27.11.2024
Seasonal Reflections – 2403-en 30.08.2024
Seasonal Reflections – 2402-en 31.05.2024
Seasonal Reflections – 2401-en 29.02.2024
Seasonal Reflections – 2304-en 26.11.2023
Seasonal Reflections – 2303-en 18.08.2023
Seasonal Reflections – 2302-en 17.05.2023
Seasonal Reflections – 2301-en 27.01.2023
Seasonal Reflections – 2205-en 25.11.2022
Seasonal Reflections – 2204-en 09.09.2022
Seasonal Reflections – 2203-en 08.07.2022
Seasonal Reflections – 2202-en 27.05.2022
Seasonal Reflections – 2201-en 04.03.2022
Season's Greetings / Frohe Festtage 2021 17.12.2021
Seasonal Reflections – 2104-en 09.12.2021
Seasonal Reflections – 2103-en 30.07.2021
Seasonal Reflections – 2102 15.04.2021
Seasonal Reflections – 2101 09.02.2021
Seasonal Reflections – 2009 22.01.2021
Season's Greetings / Frohe Festtage 2020 16.12.2020
Seasonal Reflections – 2008 16.10.2020
Seasonal Reflections – 2007 10.07.2020
Seasonal Reflections – 2006 12.06.2020
Seasonal Reflections – 2005 15.05.2020
Seasonal Reflections – 2004 09.04.2020
Seasonal Reflections – 2003 09.03.2020
Seasonal Reflections – 2002 14.02.2020
Seasonal Reflections – 2001 21.01.2020
Interview with IASF Fund Manager 19.01.2020
Season’s Greetings / Frohe Festtage 2019 17.12.2019
Seasonal Reflections – 1912 02.12.2019
Seasonal Reflections – 1911 01.11.2019
Seasonal Reflections – 1910 01.10.2019
Seasonal Reflections – 1909 02.09.2019
Seasonal Reflections – 1908 01.08.2019
Seasonal Reflections – 1907 01.07.2019
Seasonal Reflections – 1906 03.06.2019