Monthly factsheet – Elite Equity Fund, Class B EUR
Past performance is not a reliable indicator of future results.
Monthly factsheet · 31 August 2026
Valori SICAV Elite Equity Fund
Class B EUR
1 month
2.72%
3 months
9.18%
6 months
14.03%
YTD
18.59%
1Y
24.28%
3Y
48.41%
5Y
–
SINCE INCEPTION
48.41%
Investment target
The Fund implements a medium/long-term strategy to increase the value of its assets. The Fund assets are primarily invested in shares or equity instruments in accordance with the company’s ESG policy (available at www.valorisicav.com). The portfolio comprises approximately seventy equally weighted equity investments, mainly of companies with a market capitalisation of more than EUR 20 billion. The fund promotes environmental and/or social characteristics but does not pursue a sustainable investment objective.
Manager comment
August was another positive month for global equity markets, with the MSCI World up 1.9% in euro terms. The United States led the advance, supported by renewed vigor in the technology sector, while Europe (Euro Stoxx 600 index +1.74%) and Asia also closed the month in positive territory. Sentiment remained supported by resilient global growth, solid corporate earnings, and sustained capital expenditures in technology and AI-related infrastructure. In the US, domestic demand proved robust, with consumption and corporate investments offsetting more moderate GDP growth dynamics. In Europe, macroeconomic indicators continued to improve, showing further signs of a recovery in manufacturing activity—particularly in Germany—supported by investments in infrastructure, defense, and data centers. Also noteworthy is the corresponding recovery in the earnings growth rate of European companies. China, on the other hand, remains the weakest region, with domestic demand still fragile despite resilient exports. At the sector level, technology regained momentum, while financials remained well-supported in Europe. Looking ahead, we remain constructive on global equities and continue to favor companies with resilient cash flows, pricing power, solid balance sheets, and strong visibility on shareholder returns. Geopolitics, energy prices, and long-term rates remain sources of volatility, but in our view, they do not currently represent a structural threat to the equity cycle. The fund posted a +2.73% return for the month.
NAV development (historical series)
Monthly returns (%, net of fees)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.00 | -1.79 | -3.47 | 3.31 | 2.23 | 0.12% | |||||||
| 2024 | 1.11 | 1.50 | 3.42 | -1.16 | 2.33 | 0.05 | 1.64 | 1.17 | 1.36 | -1.69 | 2.72 | -1.73 | 11.09% |
| 2025 | 3.20 | 2.30 | -5.13 | -2.06 | 5.29 | -1.58 | 3.85 | 1.66 | 4.63 | 2.68 | -2.42 | -0.04 | 12.46% |
| 2026 | 3.19 | 0.78 | -6.06 | 10.17 | 0.92 | 3.46 | 2.74 | 2.72 | 18.59% |
Fund terms
ISIN CodeLU2460216430
Bloomberg TickerVAELCBE LX Equity
Minimum initial inv.500’000
AUM5,872,418 €
Launch date31.08.2023
Management fees1%
Performance fees10%
Latest NAV148.41
Share class currencyEUR
Investment managerValori Asset Management SA
Risk profile
Lower risk
Typically lower rewards
Typically lower rewards
Higher risk
Typically higher rewards
Typically higher rewards
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Performance / risk metrics
VaR7.55%
No. instruments71
Annualised volatility15.89
Sharpe ratio1.68
Dividend yield2.03%
Sustainability rating
Valori Asset Management SA · Valori Asset Management SA · Viale Alessandro Volta 16, Chiasso (CH-6830) · T +41 91 695 80 80
Valori SICAV Elite Equity Fund
31 August 2026
Asset allocation
Currency exposure
Sector allocation
Country allocation
Top 10 holdings
This information has been prepared by Valori Asset Management SA (Switzerland), authorized and regulated by the Swiss Financial Market Supervisory Authority FINMA. This material is provided by Valori Asset Management SA (Switzerland) for informational purposes only, is intended exclusively for your use, and does not constitute an offer or a commitment, a solicitation of an offer or a commitment, or any advice or recommendation to enter into or conclude any transaction (on the indicative terms specified or otherwise). This material has been prepared by Valori Asset Management SA (Switzerland) based on assumptions and parameters determined in good faith. The assumptions and parameters used are not the only ones that might be utilized, and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such quotations, disclosures, or analyses. A variety of additional assumptions or parameters, or other market factors and considerations, could lead to different good faith analyses or valuations of the transactions described above. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. Opinions and estimates are subject to change without notice. The information set forth above has been obtained from or based upon sources believed by Valori Asset Management SA (Switzerland) to be reliable, but Valori Asset Management SA (Switzerland) makes no representation or warranty as to its accuracy or completeness. This material does not purport to contain all of the information that an interested party may desire. In any event, interested parties should conduct their own investigation and analysis of the transactions described in this material and the data set forth in it. Valori Asset Management SA (Switzerland) may, from time to time, participate or invest in other financing transactions with the issuers of the securities referred to herein, perform services for or solicit business from such issuers, and/or have a position or effect transactions in the securities or their derivatives.
Valori Asset Management SA · Valori Asset Management SA · Viale Alessandro Volta 16, Chiasso (CH-6830) · T +41 91 695 80 80
For information purposes only. This does not constitute an offer, recommendation or solicitation to invest. Data as at 31 August 2026.