Solidum Event Linked Securities Fund Limited, SAC Fund 2

The Fund seeks long-term capital appreciation with low correlation to fixed income, equity and alternative investments. The Fund holds a diversified portfolio of rights, obligations and securities, such as bonds, notes, preference shares, swaps, options, and other equity or derivative-type instruments, of which the return of notional value and/or payment of compensation for assuming insurance event risk is contingent upon the non-occurrence of a specific event. The portfolio is actively managed in order to optimize results in the context of prevailing market situations.

The Solidum Event Linked Securities Fund, SAC Fund 2 surpasses the scope of a cat bond-only fund and offers its investors a higher return potential together with broader diversification. In order to achieve this alternative instruments used include ‘private’ cat bonds which provide the portfolio with reinsurance exposures, currently not accessible in the form of public cat bonds. As a result, the Fund seeks to achieve higher returns than a diversified cat bond-only fund.

The Fund currently offers share classes in the four currencies USD, EUR, CHF and GBP. Institutional share classes are available for investments exceeding defined volume thresholds.

Fund Class Parameters

Class Currency Management Fee Incentive Fee Minimum Investment Redemption
A-1 USD 1.5% none 250'000 25% each three months
A-1 EUR 1.5% none 250'000 25% each three months
A-1 CHF 1.5% none 250'000 25% each three months
A-2 USD 1.5% 15% on annual return w/HWM 250'000 monthly
A-2 EUR 1.5% 15% on annual return w/HWM 250,000 monthly
I-1 USD 1.0% none 12'500'000 25% each three months
I-1 CHF 1.0% none 10'000'000 25% each three months
I-1 EUR 1.0% none 10'000'000 25% each three months
I-1 GBP 1.0% none 7'500'000 25% each three months
I-2 CHF 0.8% none 20'000'000 25% each three months
I-2 EUR 0.8% none 20'000'000 25% each three months
I-2 GBP 0.8% none 15'000'000 25% each three months
I-2 USD 0.8% none 25'000'000 25% each three months

Fund Performance

Class Currency Month Year Reporting Month Year to Date Inception to Date Annualized Return (ITD) NAV per Share Fact Sheet Historic Performance
I-2 USD 2.23% 5.19% 43.49% 7.76% 19799.0797 Solidum ELS - SAC Fund 2_31.3.2024_I_en_0.pdf SAC2_I-2_USD_03-2024.csv
I-1 USD 2.21% 5.14% 172.28% 5.95% 27228.1066 Solidum ELS - SAC Fund 2_31.3.2024_I_en.pdf SAC2_I-1_USD_03-2024.csv
A-2 EUR 1.75% 4.03% 74.75% 3.57% 17475.2716 Solidum ELS - SAC Fund 2_31.3.2024_A2_en_0.pdf SAC2_A-2_EUR_03-2024.csv
A-2 USD 1.87% 4.33% 148.29% 5.39% 24828.5713 Solidum ELS - SAC Fund 2_31.3.2024_A2_en.pdf SAC2_A-2_USD_03-2024.csv
A-1 EUR 2.03% 4.68% 76.90% 3.78% 18048.9094 Solidum ELS - SAC Fund 2_31.3.2024_A1_en_1.pdf SAC2_A-1_EUR_03-2024.csv
A-1 CHF 1.89% 4.23% 62.64% 3.07% 16263.5219 Solidum ELS - SAC Fund 2_31.3.2024_A1_en_0.pdf SAC2_A-1_CHF_03-2024.csv
A-1 USD 2.17% 5.01% 158.72% 5.64% 25872.3594 Solidum ELS - SAC Fund 2_31.3.2024_A1_en.pdf SAC2_A-1_USD_03-2024.csv

Fund Service Providers

Fund Type Investment Manager Investment Sub-Manager Administrator Custodian
Open Ended Bermuda SAC Fund Solidum Asset Management (Bermuda) Ltd. Solidum Partners AG Tromino Financial Services Ltd. Brown Brothers Harriman & Co