OVERVIEW

Banor SICAV European Dividend Plus is a European equity fund designed for investors seeking medium to long-term exposure to European equity markets, with a focus on the quality and sustainability of dividends, combined with active risk management.

The fund has a dual objective: to select high-quality European companies capable of paying attractive dividends that are sustainable over time, through an approach combining both value and growth criteria; and to help manage portfolio volatility through a covered call strategy implemented in a disciplined and dynamic manner.

STRATEGY AND OBJECTIVES

The portfolio construction process is based on the following components:

• Core Allocation, consisting of European large-cap equities selected for the strength of their fundamentals and their ability to generate stable cash flows over time;
• Satellite Allocation, consisting of European mid-cap stocks selected for specific growth opportunities, with smaller position sizes;
• Actively managed Options Overlay on selected portfolio positions. By selling call options on securities already held in the portfolio, the fund receives option premiums that complement dividend income, helping to generate additional income and reduce overall volatility, particularly in sideways or moderately rising markets.

The fund’s net equity exposure, generally ranging between 60% and 100%, is managed dynamically according to market conditions.

Risk management is integrated into the portfolio construction process and operates across several levels. The portfolio is diversified by sector and geography and is designed to avoid excessive concentration, with the aim of mitigating market risk. As with any equity investment, share prices may fluctuate significantly, resulting in changes in the fund’s net asset value.

The covered call strategy may help moderate overall volatility, although it also limits the upside potential of the covered positions.

The fund may also use put options on financial indices with the aim of mitigating the impact of significant market downturns. This component requires careful management and continuous monitoring, given the operational and financial complexity of derivatives and the risks associated with the underlying instruments. It does not guarantee capital protection or the effective reduction of losses in all market scenarios. In certain market conditions, the use of derivatives may prove ineffective or have a negative impact on the fund’s performance.

The Fund complies with Article 8 of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”).

The overall objective is to build a portfolio in which the combination of dividends from the companies held and premiums received from options may offer a more balanced risk/return profile than a purely equity-based strategy.

Level risk

Marketing communication.

Please consult the Prospectus and the Key Information Document (KID) before making a final investment decision, which are available on the website banorsicav.com and at the placement agents also in paper form. The Prospectus and the KID are available in English. A summary of investors’ rights is available in English at manco.altumgroup.com. Returns are shown net of expenses charged to the sub-fund and before tax. Past returns are not indicative of future returns. The investment concerns the acquisition of shares in the Sub-Fund and not a specific underlying asset which remains the property of the Sub-Fund and involves a component of risk; consequently, the capital originally invested may not be recovered in full or in part. Exchange rate fluctuations may affect the value of the investment and costs when expressed in a currency other than the investor’s reference currency. Information on the specifics of the Sub-Fund and the general sustainability aspects (ESG) pursuant to Regulation (EU) 2019/2088 can be found at banorsicav.com/docs/esg-disclosures/ESG_Analysis_Banor_Sicav.pdf and in the Prospectus. In the case of marketing in countries other than the country of origin, the manager has the right to terminate the marketing arrangements in accordance with the notification withdrawal process provided for in Directive 2009/65/EC.