Total return: distributions reinvested. In EUR, the currency of the share class shown. Fund history to 28.09.2026. Benchmark history to 28.09.2026. Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
1M
3M
6M
YTD
2025
2024
2023
1Y
3Y
5Y
Volatility
Sharpe R.
Max DD
FundISIN IE00BFXZM884, currency EUR, retail share class
4.34
5.26
10.93
20.34
13.18
6.58
12.58
24.15
15.10
10.01
8.26
1.40
-5.90
BenchmarkEUR 3-month deposit + 6%
0.70
2.07
4.13
5.48
8.52
10.15
9.64
8.31
9.23
8.37
–
–
–
Differencefund minus benchmark, in percentage points
3.64
3.19
6.80
14.86
4.66
-3.57
2.93
15.84
5.87
1.64
–
–
–
Within the list: OpenList — Alternatives
Compared with the alternative funds on OpenList — Alternatives (25 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
This fund
Group median
Position
Return 1Y
24.15
9.40
1 of 25
Return 3Y p.a.
15.10
11.35
3 of 25
3Y p.a. over its own benchmark
5.87
2.46
7 of 25
Volatility 3Y
8.26
5.42
23 of 25
Sharpe ratio 3Y
1.40
1.34
10 of 25
Max drawdown 3Y
-5.90
-3.40
22 of 25
Management fee
1.00%
1.01%
10 of 23 (2 without a value)
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.
Return against risk, 3 years
WSP commentary
Draft commentary, machine-generated from the fund's key information document (PRIIPs) dated 29.04.2026, not yet reviewed by WSP.
Investment rationale
The fund is designed to deliver attractive long-term capital appreciation through Asia Pacific long and short equity exposure, so it can serve as a growth-oriented regional allocation within a broader portfolio. The document states it is intended for investors who plan to stay invested for at least 5 years and who are prepared to take on a medium-low level of risk of loss to their original capital in order to seek higher potential return. With a summary risk indicator of 3 out of 7, an open-ended structure, and equity-focused regional exposure, it is suited to investors using it as part of a portfolio of investments. Its distinctiveness comes from combining long and short positions, derivative use, and a focus on Asia Pacific companies, while also allowing selective use of collective investment schemes and fixed income securities.
Investment strategy
The stated objective is to achieve attractive long-term capital appreciation. The fund invests primarily in shares and similar securities of companies domiciled, listed or traded in the Asia Pacific region, or companies deriving or expected to derive a significant portion of present or future revenue from that region; it may invest in companies of any size but is focused on those with market capitalisation above US$500 million. It seeks industry and sector diversification, with a minimum of 2 industry sectors and a maximum exposure to any single industry sector of 50% of net asset value, and it may also invest in collective investment schemes, exchange traded funds, cash, money market instruments, and fixed income securities including government or corporate bonds, with up to 25% of net asset value in sub-investment grade bonds. The fund uses swaps, options, futures, warrants, forwards and contracts for difference both for indirect investment and hedging; all short positions are taken through derivatives, with maximum net long exposure of 150% of net asset value, maximum net short exposure of 100%, and gross long and short positions together of up to 250%. It is actively managed on a fully discretionary basis, with the MSCI AC Daily TR Net Asia Pacific Index used only for reference or investor communication purposes and not as a target to outperform; income is reinvested, and the recommended holding period is 5 years.
Investment philosophy
• The portfolio is built primarily from long and short positions in shares and similar securities of Asia Pacific companies, including companies domiciled, listed or traded in the region and companies expected to derive a significant portion of revenue from it.
• The fund can invest across companies of any size, but it is focused on businesses with market capitalisation above US$500 million.
• Portfolio construction includes industry and sector diversification rules, requiring exposure to at least 2 industry sectors and limiting any single industry sector to 50% of net asset value.
• The fund may complement direct equity exposure with collective investment schemes, exchange traded funds, and fixed income securities, including government and corporate bonds, with up to 25% of net asset value allowed in sub-investment grade bonds.
• Derivatives including swaps, options, futures, warrants, forwards and contracts for difference are used for indirect investment and hedging; all short positions are established through derivatives, with net long exposure capped at 150% of net asset value, net short exposure at 100%, and gross exposure at 250%.
The asset manager
The PRIIPs manufacturer and management company is Waystone Management Company (IE) Limited, which is authorised in Ireland and regulated by the Central Bank of Ireland. The fund itself, Dalton Asia Pacific UCITS Fund, is a sub-fund of Lafayette UCITS ICAV and is authorised in Ireland and regulated by the Central Bank of Ireland. The document also names Northern Trust Fiduciary Services (Ireland) Limited as depositary and Northern Trust International Fund Administration Services (Ireland) Limited as administrator.
Strengths
A distinguishing feature is its ability to run both long and short Asia Pacific positions, with all shorts implemented through derivatives and explicit limits on net and gross exposure. The strategy combines regional equity investing with flexibility to use collective investment schemes, exchange traded funds, and a measured allocation to fixed income securities including sub-investment grade bonds up to 25% of net asset value. Its portfolio construction framework is specific, requiring at least 2 industry sectors and capping any one industry sector at 50% of net asset value. The fund is also open-ended, offers free switching into another share class of the sub-fund or another fund of Lafayette UCITS ICAV, and does not charge entry or exit fees at the product level.
Risks
The fund has a summary risk indicator of 3 out of 7, described as a medium-low risk class, with potential losses from future performance rated at a medium-low level. The document highlights currency risk, noting that investors may receive payments in a different currency and that final returns may depend on exchange rates, a risk not captured in the summary indicator. Derivative use is a material structural risk factor because the fund may use swaps, options, futures, warrants, forwards and contracts for difference for indirect investment and hedging, and all short positions are taken through derivatives. Credit risk is also present through the ability to invest in government and corporate bonds, including up to 25% of net asset value in sub-investment grade bonds, while sector exposure and leverage are managed through stated limits of at least 2 industry sectors, a 50% cap on any single industry sector, maximum net long exposure of 150%, maximum net short exposure of 100%, and gross exposure up to 250% of net asset value.
WSP report
Ask WSP which research is available for this fund and what it covers.
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. Benchmark: each fund is measured against the index its own documents name. Where WSP measures a fund against a comparator of its own instead, the row names it: a tracker or a blend of the markets the fund invests in, or a cash-plus hurdle – means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero. Period figures as of 31.08.2026.
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
WSP commentary
Draft commentary, machine-generated from the fund's key information document (PRIIPs) dated 29.04.2026, not yet reviewed by WSP.
Investment rationale
The fund is designed to deliver attractive long-term capital appreciation through Asia Pacific long and short equity exposure, so it can serve as a growth-oriented regional allocation within a broader portfolio. The document states it is intended for investors who plan to stay invested for at least 5 years and who are prepared to take on a medium-low level of risk of loss to their original capital in order to seek higher potential return. With a summary risk indicator of 3 out of 7, an open-ended structure, and equity-focused regional exposure, it is suited to investors using it as part of a portfolio of investments. Its distinctiveness comes from combining long and short positions, derivative use, and a focus on Asia Pacific companies, while also allowing selective use of collective investment schemes and fixed income securities.
Investment strategy
The stated objective is to achieve attractive long-term capital appreciation. The fund invests primarily in shares and similar securities of companies domiciled, listed or traded in the Asia Pacific region, or companies deriving or expected to derive a significant portion of present or future revenue from that region; it may invest in companies of any size but is focused on those with market capitalisation above US$500 million. It seeks industry and sector diversification, with a minimum of 2 industry sectors and a maximum exposure to any single industry sector of 50% of net asset value, and it may also invest in collective investment schemes, exchange traded funds, cash, money market instruments, and fixed income securities including government or corporate bonds, with up to 25% of net asset value in sub-investment grade bonds. The fund uses swaps, options, futures, warrants, forwards and contracts for difference both for indirect investment and hedging; all short positions are taken through derivatives, with maximum net long exposure of 150% of net asset value, maximum net short exposure of 100%, and gross long and short positions together of up to 250%. It is actively managed on a fully discretionary basis, with the MSCI AC Daily TR Net Asia Pacific Index used only for reference or investor communication purposes and not as a target to outperform; income is reinvested, and the recommended holding period is 5 years.
Investment philosophy
• The portfolio is built primarily from long and short positions in shares and similar securities of Asia Pacific companies, including companies domiciled, listed or traded in the region and companies expected to derive a significant portion of revenue from it.
• The fund can invest across companies of any size, but it is focused on businesses with market capitalisation above US$500 million.
• Portfolio construction includes industry and sector diversification rules, requiring exposure to at least 2 industry sectors and limiting any single industry sector to 50% of net asset value.
• The fund may complement direct equity exposure with collective investment schemes, exchange traded funds, and fixed income securities, including government and corporate bonds, with up to 25% of net asset value allowed in sub-investment grade bonds.
• Derivatives including swaps, options, futures, warrants, forwards and contracts for difference are used for indirect investment and hedging; all short positions are established through derivatives, with net long exposure capped at 150% of net asset value, net short exposure at 100%, and gross exposure at 250%.
The asset manager
The PRIIPs manufacturer and management company is Waystone Management Company (IE) Limited, which is authorised in Ireland and regulated by the Central Bank of Ireland. The fund itself, Dalton Asia Pacific UCITS Fund, is a sub-fund of Lafayette UCITS ICAV and is authorised in Ireland and regulated by the Central Bank of Ireland. The document also names Northern Trust Fiduciary Services (Ireland) Limited as depositary and Northern Trust International Fund Administration Services (Ireland) Limited as administrator.
Strengths
A distinguishing feature is its ability to run both long and short Asia Pacific positions, with all shorts implemented through derivatives and explicit limits on net and gross exposure. The strategy combines regional equity investing with flexibility to use collective investment schemes, exchange traded funds, and a measured allocation to fixed income securities including sub-investment grade bonds up to 25% of net asset value. Its portfolio construction framework is specific, requiring at least 2 industry sectors and capping any one industry sector at 50% of net asset value. The fund is also open-ended, offers free switching into another share class of the sub-fund or another fund of Lafayette UCITS ICAV, and does not charge entry or exit fees at the product level.
Risks
The fund has a summary risk indicator of 3 out of 7, described as a medium-low risk class, with potential losses from future performance rated at a medium-low level. The document highlights currency risk, noting that investors may receive payments in a different currency and that final returns may depend on exchange rates, a risk not captured in the summary indicator. Derivative use is a material structural risk factor because the fund may use swaps, options, futures, warrants, forwards and contracts for difference for indirect investment and hedging, and all short positions are taken through derivatives. Credit risk is also present through the ability to invest in government and corporate bonds, including up to 25% of net asset value in sub-investment grade bonds, while sector exposure and leverage are managed through stated limits of at least 2 industry sectors, a 50% cap on any single industry sector, maximum net long exposure of 150%, maximum net short exposure of 100%, and gross exposure up to 250% of net asset value.