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FactsheetAs at December
Annual Report December
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The notion of purchasing power eludes most people. They spend lifetimes seeking to acquire money, only to find out that money is not wealth at all. So, while the idea of measuring investment gains on the basis of purchasing power is theoretically and empirically sound, it remains ignored. Very few understand that more money does not infer greater wealth.
—Edelweiss Holdings Annual Letter to Shareholders
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About
Founded in , Edelweiss Holdings is an open-end investment company focusing on the preservation of wealth against the erosion of the purchasing power of money.
As stewards of capital, we seek to provide durable refuge in an uncertain world. We reject the hollow output of an unprincipled financial system, preferring instead the timeless substance of honest entrepreneurship.
As responsible owners, we value independence, scarcity and permanence both as to our thinking and also as to the aggregate nature of our investment collection.
Our practice is intellectually honest, conservative, disciplined, respectful of capital and entirely free from conflicts of interest. Edelweiss Holdings employs its own investment team reporting to a board of independent directors.
FactsFactsFactsFacts
StatusStatus Bermuda-registered open-end investment company regulated by the Bermuda Monetary Authority
Bermuda-registered open-end investment company regulated by the Bermuda Monetary Authority
Fiscal year-endFiscal year-end December
USD Share classUSD Share class BMGJBloomberg: EDEFDBU BH
BMGJBloomberg: EDEFDBU BH
CHF Share classCHF Share class BMGJBloomberg: EDEFHDC BH
BMGJBloomberg: EDEFHDC BH
Net asset valueNet asset value quarterly
BenchmarkBenchmark none
Total expense ratioTotal expense ratioTotal expense ratio - avg.: .
Performance feesPerformance feesPerformance fees none
Portfolio turnover ratePortfolio turnover ratePortfolio turnover rate : .: .
SubscriptionsSubscriptions initial ’: quarterly
initial ’: quarterly
Redemptions minimum of ’annually with days’ notice;
quarterly at management’s discretion
minimum of ’annually with days’ notice;
quarterly at management’s discretion
minimum of ’annually with days’ notice;
quarterly at management’s discretion
DirectoryDirectoryDirectoryDirectory
Registered addressRegistered address Edelweiss Holdings Ltd.Victoria Place, Victoria Street
Hamilton HM , Bermuda
Edelweiss Holdings Ltd.Victoria Place, Victoria Street
Hamilton HM , Bermuda
DirectorsDirectors Andreas Acavalos (GR)Tom Cleverly (GB)
John M. Mann (USA)Alexander J.U. Vetsch (CH)
Executive OfficerExecutive Officer Anthony Deden
Research DirectorResearch Director Dylan Grice (from March )
Dylan Grice (from March )
Statutory AuditorsStatutory Auditors Mazars (BM)Mazars (BM)
Administrator and Registrar
Equinoxe Alternative Investment Services (Bermuda) Ltd.
Equinoxe Alternative Investment Services (Bermuda) Ltd.
Equinoxe Alternative Investment Services (Bermuda) Ltd.
ContactContactContactContact
AdministrationAdministration Equinoxe Alternative InvestmentServices (Ireland) Ltd.Tel + Fax +
Equinoxe Alternative InvestmentServices (Ireland) Ltd.Tel + Fax +
ManagementManagement [email protected]@edelweissholdings.com
Website Website www.edelweissholdings.comwww.edelweissholdings.comis Factsheet is for general information purposes and subject to the disclaimers on page of this document.
Edelweiss Journal
Periodically, we share our thoughts with a wider audience of friends and colleagues with the aim to inspire, challenge and encourage thought. For more information and to join our mailing list, visit www.edelweissjournal.com.
Periodically, we share our thoughts with a wider audience of friends and colleagues with the aim to inspire, challenge and encourage thought. For more information and to join our mailing list, visit www.edelweissjournal.com.
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Swiss franc share classSwiss franc share classSwiss franc share class
Net asset value per share CHF .
Fourth quarter return (.)
Annual return .
USD
CHF
Trailing NAV per share Trailing NAV per share
US dollar share classUS dollar share classUS dollar share class
Net asset value per share .
Fourth quarter return (.)
Annual return .
Switzerland
Canada
France
Norway
Netherlands
USA
Germany
UK
Austria
Faroe Isles
Other ()
Country risk exposureas percent of net assets
cashequities
Precious metals.
CAD.
GBP.
CHF.
USD.
EUR.
NOK.
Currency allocation analysisas percent of net assets
As at 31 December 2012
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¹ Source: Bloomberg LP. MSCI World Index: NDDUWI.² e results are inclusive of the January to April period which is unaudited. ³ From the inception date of Oct . Unaudited.
Total Percentage Change in Net Asset Value per Share, by five-year periods ¹Total Percentage Change in Net Asset Value per Share, by five-year periods ¹Total Percentage Change in Net Asset Value per Share, by five-year periods ¹Total Percentage Change in Net Asset Value per Share, by five-year periods ¹Total Percentage Change in Net Asset Value per Share, by five-year periods ¹Total Percentage Change in Net Asset Value per Share, by five-year periods ¹
- ² . . . . .
- . . . . .
- . . . .
- . . . . .
- . . . . .
- . . . . .
- . . . . .
Tota
l ret
urn
inde
x (3
1 D
ec.2
001=
100)
‘ ‘ ‘ ‘ ‘ ‘
Edelweiss in USDMSCI World.net
Annual Percentage Change in Net Asset Value per Share, in various currencies ¹Annual Percentage Change in Net Asset Value per Share, in various currencies ¹Annual Percentage Change in Net Asset Value per Share, in various currencies ¹Annual Percentage Change in Net Asset Value per Share, in various currencies ¹Annual Percentage Change in Net Asset Value per Share, in various currencies ¹Annual Percentage Change in Net Asset Value per Share, in various currencies ¹Annual Percentage Change in Net Asset Value per Share, in various currencies ¹
Year U.S. dollarsU.S. dollars EurosSwiss
francsBritishpounds
Ethiopian Birr
² . (.) (.) . .
. . . . .
. . . . .
. . . . .
. . . . .
. . . . .
(.) (.) (.) . (.)
. . . . .
. . . . .
(.) . (.) . .
. . . . .
Overall ³Overall ³ . . . . .
Annualized ³Annualized ³ . . . . .
Comparative performance vs. the MSCI World Index ¹
‘ ‘ ‘ ‘ ‘ ‘ ‘ ‘
precious metalscash and bondsequities
Quarterly trailing Asset Allocation
Historical record
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This informational document was prepared by Edelweiss Holdings Ltd. (hereafter “Edelweiss”) to the best of its knowledge. However, Edelweiss provides no guarantee as to its completeness or contents and does not accept any liability for losses which might arise from use of this information. Any opinions expressed within this document are those of Edelweiss at the time of writing and are subject to change at any time without notice. This document is provided for information purposes only and does not constitute an offer or a recommendation. This document may not be reproduced either in part or in whole without the written permission of Edelweiss. The information in this document is specifically not intended for persons who, because of nationality or residence, are not permitted access to such information under local law. Neither this document nor any copy thereof may be sent, taken into or distributed in the United States or to any U.S. person (within the meaning of Regulation S of the US Securities Act 1933 in its applicable form). All investments involve certain risks. Historical performance indications are no guarantee of current or future performance. Equinoxe Alternative Investment Services (Ireland) Ltd. is the sole authorized Edelweiss agent for the purpose of disseminating official information. Tel +353 1 854 8155; Fax +353 1 816 8722 or [email protected].
