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ESALIENS US Small cap opportunity 

A subfund of ESA Foreign Umbrella SOEIF

Subfund's details

Subfund type 
US equity subfund
Inception date
9 October 2015
Minimum investment
PLN 100
Maximum  initial charge (class A units)
5.25%
Management fee (A units)
2.5%
Account No. for purchases
38 1140 1010 0000 5589 9800 9002
Benchmark
n/a

Data as of 30 September 2020

Underlying subfund size
USD 437.88 m
Proce (class A units)
PLN 110.91

Performance chart

Selected dates scope:
The chart presents performance of class A units

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Performance* (compared to benchmark) 

Period ESA US Small Cap Opportunity Benchmark
1 month -2.74% n/a
3 months 9.13% n/a
6 months 37.90% n/a
12 months -1.99% n/a
36 months -8.49% n/a
60 months n/a n/a
YTD -9.14% n/a
* Performance of class A units, 30-09-2020

Risk profile

7 - very high risk

ASSET ALLOCATION

100% – units of the Legg Mason Royce US Small Cap Opportunity Fund (starting from 03.08.2018)

The Legg Mason Royce US Small Cap Opportunity Fund underlying foreign subfund invests at least 70% of its assets in a diversified portfolio of stocks with market capitalizations lesser than 3 billion U.S. dollars that are traded on regulated markets in the USA. While investing the assets of the fund the manager of the Legg Mason Royce US Small Cap Opportunity Fund uses fundamental analysis and invests in the equities that are valued below their estimated intrinsic value.

investor's profile

The subfund is targeted at an investor who:

  • is looking for investment products with high return potential typical of the small and micro enterprise segments;
  • is looking for a fund with an active, selective management style (careful selection of stocks that offer value), investing in significantly undervalued U.S. companies from the small and micro segments, with strong balance sheets and above-average cash flows;
  • accepts high investment risk.

This is an investor who expects a significantly higher rate of return in the long term than from bank deposits, cash funds, money market, debt and mixed funds, and is ready to incur significant losses in the short term in anticipation of long-term returns.


Additional information

Transfer Agent

Pekao Financial Services Sp. z o.o. 

Custodian 

Bank Polska Kasa Opieki S.A.

investment process

The subfund seeks to:

  • achieve a rate of return higher than Russel 2000 index within 3-year periods;
  • track as closely as possible the performance of the Legg Mason Royce US Small Cap Opportunity Fund.

Investments of subfund assets:

  • from 70% to 100% – units of the Legg Mason Royce US Small Cap Opportunity Fund a subfund operating within the framework of Legg Mason Global Funds plc (a foreign fund registered in Ireland);
  • up to 20% – debt securities and money market instruments, including without limitation short-term securities issued or endorsed by the State Treasury or by the National Bank of Poland;
  • up to 20% – deposits;
  • up to 30% – units of another foreign fund or units of another collective investment institution.


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ESALIENS us small cap opportunity 

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Legg Mason Royce US Small Cap Opportunity Fund is the underlying subfund of ESALIENS US Small Cap Opportunity starting from 03.08.2018 r. Until 02.08.2018 r. the underlying subfund was Legg Mason Royce US Smaller Companies Fund. Important information Detailed information concerning ESALIENS US Small Cap Opportunity  (the “Subfund”) within ESALIENS Umbrella Foreign Specialized Open-End Investment Fund (the “Fund”) is included in the Prospectus and the Key Investor Information Documents and in the Client Information, available on the www.esaliens.pl website, at individual fund distribution outlets as well as in written form in the registered office of ESALIENS TFI SA (Warsaw, 12, Bielańska Str.). The Prospectus as well as Key Investor Information Documents the Client Information in the form of a uniform document include the data required to evaluate an investment, outline the risks connected with participation in the fund, and information on the related costs, charges and taxes. Before investing in the Sub-fund, you should read the Prospectus and the Key Investor Information Documents issued for the selected Sub-fund unit class and the Client Information.
Past performance is no guarantee of future returns. The Subfunds’ performance is reported before capital gains tax and the fees related to the investment units offered. Individual return rates depend on the unit purchase and redemption dates as well as on the amount of administration fee charged and the amount of tax due. The Fund does not guarantee that the Sub-fund’s investment objective or a specific investment result will be achieved. Fund participants must take into account the possibility of losing at least part of their investment. The Fund invests assets of the Sub-fund mainly in instruments other than securities and money market instruments (except for participation titles in foreign funds). The Fund invests assets of the Sub-fund mainly in participation titles in Legg Mason Royce US Small Cap Opportunity Fund a segregated subfund within Legg Mason Global Funds plc.The underlying Sub-fund, which is the main investment instrument, is described in the Fund’s prospectus.The net asset value of the Subfund may exhibit high volatility owing to the composition of the investment portfolio.
This material is intended for promotional purposes only. The graphs, diagrams and tables included herein are for illustration purposes only and do not constitute forecasts. This material does not constitute an offer within the meaning of the Polish Civil Code or a public offering within the meaning of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, investment advice, any other advice or recommendation with respect to the purchase or sale of any financial instruments, as well as any recommendation or suggestion concerning an investment strategy. Source of data: ESALIENS TFI SA own calculations, and with respect to the part concerning the underlying Sub-fund the official material about the Sub-fund. ESALIENS TFI SA, which manages the ESALIENS Foreign Umbrella SOEIF, operates on the basis of the decision of 18 June 1998 issued by the Polish Securities and Exchange Commission.

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