Finlabo Dynamic Allocation
Alternative · Global · Macro
Figures refer to the share class ISIN LU1396613462, currency EUR.
Recent performance
The EUR class returned +6.28% over one year to 2026-09-30. The benchmark (€STR + 2%) returned +4.12%, a difference of +2.16 percentage points. Over the final three months, the fund returned +0.29%.
Key facts
- Associated firm
- FinLabo SIM S.P.A.
- Asset class
- Alternative
- Geography
- Global
- Strategy
- Macro
- Share class currency
- EUR
- Share class inception
- 13.06.2016
- Fund size
- 24 million (as at 14.09.2026)
- Management fee
- 1.40%
- Performance fee
- Yes
- UCITS
- Yes
- Registered in Switzerland
- Yes
Performance in context
Growth from the same starting value
Fund · Benchmark: €STR + 2%
Exact chart values
| Month | Fund | Benchmark: €STR + 2% |
|---|---|---|
| 2023-09 | 100.00 | 100.00 |
| 2023-10 | 99.26 | 100.52 |
| 2023-11 | 98.88 | 101.02 |
| 2023-12 | 99.57 | 101.50 |
| 2024-01 | 99.34 | 102.04 |
| 2024-02 | 98.66 | 102.53 |
| 2024-03 | 101.66 | 103.00 |
| 2024-04 | 103.84 | 103.55 |
| 2024-05 | 107.38 | 104.08 |
| 2024-06 | 104.42 | 104.55 |
| 2024-07 | 106.37 | 105.09 |
| 2024-08 | 105.30 | 105.58 |
| 2024-09 | 106.52 | 106.09 |
| 2024-10 | 106.77 | 106.57 |
| 2024-11 | 107.04 | 107.02 |
| 2024-12 | 106.36 | 107.50 |
| 2025-01 | 107.11 | 107.95 |
| 2025-02 | 109.36 | 108.34 |
| 2025-03 | 111.92 | 108.76 |
| 2025-04 | 111.72 | 109.15 |
| 2025-05 | 113.38 | 109.53 |
| 2025-06 | 114.97 | 109.91 |
| 2025-07 | 115.98 | 110.28 |
| 2025-08 | 117.11 | 110.63 |
| 2025-09 | 118.97 | 111.01 |
| 2025-10 | 119.38 | 111.38 |
| 2025-11 | 120.54 | 111.72 |
| 2025-12 | 123.42 | 112.12 |
| 2026-01 | 128.47 | 112.49 |
| 2026-02 | 130.53 | 112.83 |
| 2026-03 | 129.54 | 113.22 |
| 2026-04 | 129.76 | 113.59 |
| 2026-05 | 130.40 | 113.95 |
| 2026-06 | 126.09 | 114.35 |
| 2026-07 | 126.64 | 114.76 |
| 2026-08 | 126.97 | 115.18 |
| 2026-09 | 126.45 | 115.59 |
Growth of 100 · EUR total returns. Monthly observations, income reinvested.
Fund valuations: 2023-09-29 to 2026-09-30. Comparison valuations: 2023-09-29 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
Figures as of 30.09.2026. Calendar-year returns cover the years shown.
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN LU1396613462, currency EUR | -0.41 | 0.29 | -2.38 | 2.45 | 16.04 | 6.82 | -1.71 | 6.28 | 8.14 | 4.68 | 5.31 | 0.98 | -3.40 |
| Benchmark€STR + 2% | 0.36 | 1.08 | 2.09 | 3.09 | 4.30 | 5.91 | 5.36 | 4.12 | 4.95 | 4.20 | – | – | – |
| Differencefund minus benchmark, in percentage points | -0.77 | -0.79 | -4.47 | -0.64 | 11.74 | 0.91 | -7.08 | 2.16 | 3.19 | 0.48 | – | – | – |
Reporting dates by figure
- LU1396613462 — 30.09.2026: 1M, 3M, 6M, YTD, 1Y, 3Y, 5Y, Volatility, Sharpe R., Max DD, Benchmark 1M, Benchmark 3M, Benchmark 6M, Benchmark YTD, Benchmark 1Y, Benchmark 3Y, Benchmark 5Y; 31.12.2025: 2025, Benchmark 2025; 31.12.2024: 2024, Benchmark 2024; 31.12.2023: 2023, Benchmark 2023
Has the advantage depended on the entry date?
The fund finished ahead in 25 of 25 overlapping one-year windows ending 2024-09 to 2026-09. These windows overlap; this is historical frequency, not a forecast probability.
Rolling one-year relative wealth
Exact chart values
| Month | Rolling one-year relative wealth |
|---|---|
| 2024-09 | 0.41 |
| 2024-10 | 1.46 |
| 2024-11 | 2.19 |
| 2024-12 | 0.86 |
| 2025-01 | 1.92 |
| 2025-02 | 4.90 |
| 2025-03 | 4.25 |
| 2025-04 | 2.07 |
| 2025-05 | 0.33 |
| 2025-06 | 4.73 |
| 2025-07 | 3.90 |
| 2025-08 | 6.15 |
| 2025-09 | 6.74 |
| 2025-10 | 6.98 |
| 2025-11 | 7.87 |
| 2025-12 | 11.25 |
| 2026-01 | 15.10 |
| 2026-02 | 14.61 |
| 2026-03 | 11.19 |
| 2026-04 | 11.61 |
| 2026-05 | 10.56 |
| 2026-06 | 5.41 |
| 2026-07 | 4.92 |
| 2026-08 | 4.13 |
| 2026-09 | 2.07 |
Relative wealth = (1 + fund return) ÷ (1 + benchmark return) − 1. It differs from subtracting percentage returns.
How far below its previous high?
Fund · Benchmark: €STR + 2%
Exact chart values
| Month | Fund | Benchmark: €STR + 2% |
|---|---|---|
| 2023-09 | 0.00 | 0.00 |
| 2023-10 | -0.74 | 0.00 |
| 2023-11 | -1.12 | 0.00 |
| 2023-12 | -0.43 | 0.00 |
| 2024-01 | -0.66 | 0.00 |
| 2024-02 | -1.34 | 0.00 |
| 2024-03 | 0.00 | 0.00 |
| 2024-04 | 0.00 | 0.00 |
| 2024-05 | 0.00 | 0.00 |
| 2024-06 | -2.76 | 0.00 |
| 2024-07 | -0.94 | 0.00 |
| 2024-08 | -1.94 | 0.00 |
| 2024-09 | -0.80 | 0.00 |
| 2024-10 | -0.57 | 0.00 |
| 2024-11 | -0.32 | 0.00 |
| 2024-12 | -0.95 | 0.00 |
| 2025-01 | -0.25 | 0.00 |
| 2025-02 | 0.00 | 0.00 |
| 2025-03 | 0.00 | 0.00 |
| 2025-04 | -0.18 | 0.00 |
| 2025-05 | 0.00 | 0.00 |
| 2025-06 | 0.00 | 0.00 |
| 2025-07 | 0.00 | 0.00 |
| 2025-08 | 0.00 | 0.00 |
| 2025-09 | 0.00 | 0.00 |
| 2025-10 | 0.00 | 0.00 |
| 2025-11 | 0.00 | 0.00 |
| 2025-12 | 0.00 | 0.00 |
| 2026-01 | 0.00 | 0.00 |
| 2026-02 | 0.00 | 0.00 |
| 2026-03 | -0.76 | 0.00 |
| 2026-04 | -0.59 | 0.00 |
| 2026-05 | -0.10 | 0.00 |
| 2026-06 | -3.40 | 0.00 |
| 2026-07 | -2.98 | 0.00 |
| 2026-08 | -2.72 | 0.00 |
| 2026-09 | -3.12 | 0.00 |
Deepest month-end decline for this class: -3.40%.
2023-09-29 to 2026-09-30 · EUR total returns. Declines are measured against the highest month-end value within this window. Intra-month falls are not shown; this is not daily maximum drawdown.
Where did the gains and setbacks occur?
Fund return · % in EUR
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | -0.74 | -0.39 | +0.70 |
| 2024 | -0.23 | -0.69 | +3.05 | +2.14 | +3.41 | -2.76 | +1.87 | -1.01 | +1.16 | +0.23 | +0.25 | -0.63 |
| 2025 | +0.70 | +2.10 | +2.34 | -0.18 | +1.49 | +1.40 | +0.88 | +0.98 | +1.59 | +0.34 | +0.98 | +2.39 |
| 2026 | +4.09 | +1.60 | -0.76 | +0.17 | +0.50 | -3.31 | +0.44 | +0.26 | -0.41 | — | — | — |
Benchmark return · % in EUR
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | +0.52 | +0.49 | +0.47 |
| 2024 | +0.54 | +0.47 | +0.46 | +0.54 | +0.51 | +0.45 | +0.52 | +0.47 | +0.48 | +0.46 | +0.41 | +0.45 |
| 2025 | +0.42 | +0.36 | +0.39 | +0.36 | +0.35 | +0.34 | +0.34 | +0.31 | +0.35 | +0.34 | +0.30 | +0.36 |
| 2026 | +0.33 | +0.30 | +0.35 | +0.33 | +0.31 | +0.36 | +0.36 | +0.36 | +0.36 | — | — | — |
Fund minus benchmark · percentage points
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | -1.26 | -0.88 | +0.23 |
| 2024 | -0.77 | -1.17 | +2.59 | +1.60 | +2.91 | -3.21 | +1.35 | -1.48 | +0.68 | -0.23 | -0.16 | -1.08 |
| 2025 | +0.28 | +1.73 | +1.95 | -0.54 | +1.14 | +1.06 | +0.54 | +0.66 | +1.24 | +0.00 | +0.67 | +2.03 |
| 2026 | +3.76 | +1.30 | -1.10 | -0.16 | +0.18 | -3.67 | +0.08 | -0.10 | -0.77 | — | — | — |
Green: positive; red: negative. Grey cells are outside the displayed history. Month-end observations; no missing month is filled or interpolated.
Fund valuations: 2023-09-29 to 2026-09-30. Comparison valuations: 2023-09-29 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
Within the list: OpenList — Alternatives
Compared with the alternative funds on OpenList — Alternatives (28 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
Performance and risk figures as of 30.09.2026.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 6.28 | 9.04 | 19 of 28 |
| Return 3Y p.a. | 8.14 | 10.68 | 21 of 27 |
| 3Y p.a. over its own benchmark | 3.19 | 1.83 | 11 of 27 |
| Volatility 3Y | 5.31 | 5.63 | 12 of 27 |
| Sharpe ratio 3Y | 0.98 | 1.26 | 22 of 27 |
| Max drawdown 3Y | -3.40 | -3.88 | 12 of 27 |
| Management fee | 1.40% | 1.01% | 23 of 26 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall. Only figures with the same reporting date are compared.
Return against risk, 3 years
Price history
Fund and benchmark rebased to 100 at 29.10.2021.
Table view
| Period | From | Fund (100 at start) | Benchmark from | Benchmark (100 at start) |
|---|---|---|---|---|
| 1Y | 27.10.2025 | 106.6 | 31.10.2025 | 103.8 |
| 3Y | 31.10.2023 | 127.6 | 31.10.2023 | 115.0 |
| 5Y | 29.10.2021 | 125.3 | 29.10.2021 | 122.7 |
| Since 2019 | 31.10.2019 | 123.4 | 31.10.2019 | 126.3 |
Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Comparison: Compounded cash-rate comparison.
Assigned benchmark: €STR + 2%. The comparison shows a compounded cash rate.
Fund history to 27.10.2026.
Benchmark history to 30.09.2026.
The table shows each series at its own ending date; the comparison periods are not identical.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Fund documents
Check the share class and reporting date in each document.
Factsheet (PDF, 31.08.2026)KID (PDF, 09.04.2026)Chart methodology
Charts use dated total-return observations, including reinvested income. Each calendar month uses the last available observation. Fund and comparison valuation dates may differ. Month-end drawdowns exclude falls within a month. Past performance does not predict future returns.
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Alternatives
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable.
Reporting dates are shown above the figures; exceptions are dated individually.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
How this fund works
Investment rationale
FINLABO INVESTMENTS SICAV – DYNAMIC ALLOCATION, Class R EUR is a balanced sub-fund intended to deliver positive annual returns in EUR over time across different economic and market conditions, although a positive return is not assured. It combines long short equity strategies and bond strategies on European markets, giving it a multi-asset role rather than a pure equity or pure bond allocation. With a risk indicator of 3 out of 7 and a low to medium risk profile, it is designed for investors willing to accept a medium-low risk of loss of initial capital. Its stated time horizon is short term at 2-3 years, and its flexible, benchmark-free active management makes it a distinct allocation choice for investors seeking European dynamic allocation exposure.
2026-04-09
How the strategy works
The sub-fund’s objective is to deliver positive annual returns in EUR over time, regardless of prevailing economic and market conditions, though this may not always be achieved. It mainly invests in stocks of European issuers traded on exchanges, bonds including corporate and sovereign loans, and financial instruments intended to protect portfolio value while maximising return; it invests in euro and other European currencies. The fund is actively managed with full discretion and has no reference to, or constraint from, any benchmark. It may use financial derivative instruments for hedging or other purposes, is structured as a capitalization fund with dividends retained in assets, and its recommended holding period is 3 years.
2026-04-09
Investment philosophy
• The sub-fund is built as a balanced strategy combining long short equity strategies and bond strategies focused on European markets.
• Its investment universe mainly includes listed stocks of European issuers, corporate bonds, sovereign loans, and other financial instruments used to protect portfolio value while seeking return; investments may be in euro and other European currencies.
• Investment decisions are based on numerical analysis of key company data, earnings estimates, and price movements.
• The manager uses this analysis both to control risks and to identify promising investment opportunities.
• The portfolio is actively managed without benchmark constraints, and financial derivative instruments may be used for hedging or for other purposes.
2026-04-09
Distinctive features
A distinguishing feature of the sub-fund is its combination of long short equity strategies and bond strategies within a single balanced European mandate. It is managed actively without any benchmark reference or constraint, allowing discretion across stocks, corporate bonds, sovereign loans, and portfolio-protection instruments. The strategy explicitly seeks positive annual returns in EUR across varying market environments, rather than targeting a market index. It also offers daily dealing on Luxembourg bank business days and retains income within the fund through its capitalization structure.
2026-04-09
Risks
The sub-fund has a summary risk indicator of 3 out of 7, classified as medium-low risk, and actual risk can vary significantly if the investment is redeemed early. The product does not include capital protection against future market performance, so investors could lose all or part of their investment. Substantially material risks include exchange rate risk, risk linked to the structure of investments, credit risk, operational risk, and sustainability risk. Risk is also driven by the fund’s exposure to European equities, corporate and sovereign bonds, other European currencies, and the use of financial derivative instruments for hedging or other purposes.
2026-04-09
Asset manager
The management company is AcomeA SGR S.p.A., and FINLABO SIM is the ideator of the product. AcomeA SGR S.p.A. was appointed to manage the risk of the sub-fund, while Finlabo SIM S.p.A. was delegated to manage the sub-fund’s portfolio. The fund is a sub-fund of Finlabo Investments Sicav, authorized in Luxembourg under the supervision of the Commission de Surveillance du Secteur Financier. The registered contact address for the fund is 2 rue d’Alsace, L-1122 Luxembourg, Grand Duchy of Luxembourg.
2026-04-09