Global Equity Enhanced Income Fund

$116.82

NAV+$0.20 / +0.17%1-day change

$121.4M

Fund assets

Not available

Year-to-date return

7/16/2020

Fund inception date

Data as of 10/29/2025

Fund overview

Targets high, consistent income and capital growth from global equities

The Global Equity Enhanced Income Fund seeks to deliver a high level of current income and long-term capital appreciation by investing in a diversified portfolio of global stocks together with an actively managed options overlay designed to generate additional income.

An innovative, dynamic approach that seeks to deliver high, consistent income and access to the growth potential of global equities

Key differentiators

Seeks to provide a targeted yield of 6% p.a.¹ paid monthly based on prevailing market conditions
Uses two sources of income (equities and options), which are dynamically managed to balance the trade-off between income and capital growth
Aims to capture the long-term growth potential of global equities through a high-conviction portfolio of 60 to 80 stocks
Targets balanced factor, region and sector exposures to help mitigate style swings whilst capturing growth opportunities

¹ A target is indicative only, is not guaranteed and does not take into account fees or charges that will reduce returns. The targeted yield is based on prevailing market conditions and subject to change. There is no guarantee that the targeted yield, or any other level of income or returns, will be generated.

General facts

ISIN

LU3076206690

Minimum investment

$1,000

Share class launch date

5/30/2025

Annual management fee

1.20%

Ongoing charges / Total expense ratio (TER)

1.40%

(as of 5/30/2025)

Benchmark name

MSCI ACWI Index (Net)

Settlement

T+2

Quick resources

Monthly Commentary - English

Transcript

Sophie Scott: Just as working individuals rely on a regular income, those investing in income-generating strategies deserve an income they can count on. By leveraging dividends from equities and premiums from selling options, our approach seeks to provide a 6% per annum distribution yield paid in equal monthly installments. While the capital value of the equity will vary by having a smooth and targeted yield, this will improve the reliability of the income we deliver to investors, giving investors one less thing to worry about.

Income investing and capital growth doesn't always go hand in hand. While income stocks can provide a reliable and steady income, their relatively stable capital growth can sometimes result in potentially muted total returns. While most equity income portfolios require a dividend from every stock, we're able to invest up to 10% of the portfolio in non-dividend-paying securities, allowing us the potential to identify attractive growth stock opportunities. Combining this with targeting a beta of one to the broad global equity markets, we believe it's possible for investors to achieve income and growth in one portfolio.

Certain sectors and regions can often pay a higher dividend—think utilities versus technology or the UK versus the US. Left unchecked and focusing solely on generating a high yield can potentially result in an unbalanced portfolio subject to style risk, concentration risk, and potentially missing out on growth stock opportunities. Now, our approach is intentionally designed to overcome these risks. We tightly manage our sector and region exposures and explicitly target a balanced factor profile. We believe actively balancing each of these dimensions in our approach enables us to deliver income and capital growth in a well-balanced portfolio.

Performance

Past performance is not indicative of future results.

Calendar year

For regulatory reasons, we are unable to show performance until there is a 12 month performance record.

Average annual returns

For regulatory reasons, we are unable to show performance until there is a 12 month performance record.

Cumulative

For regulatory reasons, we are unable to show performance until there is a 12 month performance record.

Performance and volatility metrics

Products must have at least a 36 month performance record before we show these metrics.

Morningstar ratings and rankings

Investments must have at least 36 continuous months of total returns in order to receive a rating from Morningstar.

For illustrative purposes only. Ratings and awards are not an indication, promise, or guarantee of future performance. Ratings and awards should not be relied upon when making an investment decision. The Overall Morningstar Rating™ is a weighted average of the 3-, 5-, and 10-year (if applicable) ratings and is based on risk-adjusted return. Past performance is no guarantee of future results.

The Morningstar absolute ranking is based on the fund’s total return rank relative to all funds that have the same category for the same time period. Morningstar rankings do not include the effect of sales charges. Past performance is no guarantee of future results.

Prices and distributions

Historical data


YTD high	$116.82	10/29/2025
YTD low	$100.00	6/1/2025
52-week high	$116.82	10/29/2025
52-week low	$100.00	6/1/2025
2024 high	-
2024 low	-
Best quarterly return	0.00%
Worst quarterly return	8.00%	9/30/2025

Composition

Portfolio statistics

(as of 9/30/2025)

	Fund	Benchmark
Number of Holdings	107	2509

Equity style box

(as of 9/30/2025) Overview chart

Placement within the Morningstar Equity Style Box is based on two variables: relative median market capitalization and relative price valuations (price/book and price/earnings) of the fund’s portfolio holdings. These numbers are drawn from the fund’s portfolio holdings figures most recently entered into Morningstar’s database and the corresponding market conditions. The Ownership Zone is represented by a shaded area surrounding the centroid. This zone encompasses 75% of a portfolio’s holdings on an asset-weighted basis and is designed to be a visual measure of how wide-ranging the portfolio is.

Holdings

Top 10 holdings

(as of 9/30/2025)

Security	Fund
NVIDIA Corporation	4.86%
Microsoft Corporation	3.83%
Apple Inc.	2.95%
Alphabet Inc. Class A	2.79%
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR	2.46%
Broadcom Inc.	2.17%
Amazon.com, Inc.	2.12%
Walmart Inc.	2.08%
Citigroup Inc.	1.97%
Sompo Holdings,Inc.	1.67%

View All Holdings

Based on ending weights as of month-end. Source: FactSet. The information shown is not intended to be, nor should it be construed to be, a recommendation to buy or sell an individual security.

Sector allocation

(as of 9/30/2025)

Type	Fund	Benchmark
Other	1.52%	-
Cash & equivalents	0.00%	-
Communication services	7.22%	8.91%
Consumer discretionary	7.68%	10.58%
Consumer staples	4.52%	5.28%
Energy	4.24%	3.46%
Financials	21.56%	17.40%
Health care	7.09%	8.50%
Industrials	7.35%	10.70%
Information technology	28.99%	27.17%
Materials	0.96%	3.58%
Real estate	3.78%	1.87%
Utilities	5.10%	2.55%

Based on ending weights as of month-end. Source: FactSet. Percent total may not add to 100% due to rounding.

Geographic allocation

(as of 9/30/2025)

Type	Fund	Benchmark
United States	61.18%	64.54%
United Kingdom	5.93%	3.19%
France	5.23%	2.37%
Japan	3.92%	4.84%
Canada	2.78%	2.93%
China	2.64%	3.35%
Taiwan	2.49%	2.09%
Brazil	2.41%	0.46%
Italy	2.40%	0.70%
Germany	2.39%	2.14%

Based on ending weights as of month-end. Source: FactSet. Percent total may not add to 100% due to rounding.

Currency allocation

(as of 9/30/2025)

Currency	Share Class	Benchmark
Other	1.50%	-
Australian Dollar	0.95%	1.48%
Brazilian Rial	2.41%	0.39%
British Pound Sterling	5.93%	3.19%
Canadian Dollar	2.78%	2.93%
Cash & equivalents	1.27%	-
Euro (EUR)	12.42%	7.73%
Hong Kong Dollar	2.64%	3.18%
Japanese Yen	3.92%	4.84%
Singapore Dollar	1.05%	0.30%
South Korean Won	1.47%	1.18%
United States Dollar	63.67%	65.30%

Currency allocation is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

ESG data summary

MSCI Overall ESG Score ¹

Portfolio

7.0

Index

6.6

Sustainalytics ESG Risk Score ²

Portfolio

Index

SFDR Rating

Product involvement ³

	Portfolio	Benchmark
Controversial Weapons exposure	0.00%	1.49%
Oil Sands exposure	0.00%	0.16%
Small Arms exposure	0.00%	0.11%
Thermal Coal exposure	0.00%	0.39%
Tobacco exposure	0.00%	0.69%
UN Global Compact non-compliant exposure	0.00%	1.41%

¹ Data is sourced from MSCI ESG Research where companies are rated on a scale of 0 – 10 (0 - worst, 10 - best). Weighted average scores exclude effects of unrated securities.

² ESG Risk Ratings measure exposure to and management of ESG risks. Lower risk scores reflect less ESG risk. Sustainalytics ESG Risk Scores measure ESG risks on a scale of 0 – 100 (0 - no ESG Risk, >40 - Severe ESG Risk).

³ Carbon emissions includes operational and first-tier supply chain greenhouse gas emissions. Data sourced from S&P Trucost Limited.

⁴ Source: Allspring Global Investments. This report contains information developed by Sustainalytics. Such information and data are proprietary of Sustainalytics and/or its third-party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers. Copyright © 2023 Sustainalytics. All rights reserved.

Documents

Regulatory Document	Date	Language
Lux Fund Sustainability-Related Disclosures	5/27/2025	English	Download

Our team

Meet the investment team

The team believes company returns are predictable based on quantitative factors. They seek to systematically harvest these factors to generate alpha for their clients.

View Team

Petros Bocray

Portfolio Manager

Justin Carr

Portfolio Manager

Vince Fioramonti

Portfolio Manager

Megan Miller

Head of Options Solutions, Co-Head of Custom SMA, COO of Equity

Wai Lee

Head of Systematic Research

Key risks

Smaller-company securities risk: securities of companies with smaller market capitalisations tend to be more volatile and less liquid than securities of larger companies.

Geographic concentration risk: investments concentrated in specific geographic regions and markets may be subject to greater volatility due to economic downturns and other factors affecting the specific geographic regions.

Global investment risk: securities of certain jurisdictions may experience more rapid and extreme changes in value and may be affected by uncertainties such as international political developments, currency fluctuations and other developments in the laws and regulations of countries in which an investment may be made.

ESG risk: applying an ESG screen for security selection may result in lost opportunity in a security or industry, resulting in possible underperformance relative to peers. ESG screens are dependent on third-party data, and errors in the data may result in the incorrect inclusion or exclusion of a security.

Currency risk: currency exchange rates may fluctuate significantly over short periods of time and can be affected unpredictably by intervention (or the failure to intervene) by relevant governments or central banks or by currency controls or political developments.

Emerging market risk: emerging markets may be more sensitive than more mature markets to a variety of economic factors and may be less liquid than markets in the developed world.

Equity securities risk: these securities fluctuate in value and price in response to factors impacting the issuer of the security as well as general market, economic and political conditions.

Leverage risk: the use of certain types of financial derivative instruments may create leverage which may increase share price volatility.

We look forward to helping you with your investment needs

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Investors should note that, relative to the expectations of the Autorité des Marchés Financiers, this fund presents disproportionate communication on the consideration of non-financial criteria in its investment policy.

The ongoing charges/total expense ratio (TER) reflects annual total operating expenses for the class, excludes transaction costs and is expressed as a percentage of net asset value. The figure shown is from current KID. The investment manager has committed to reimburse the Sub-Fund when the ongoing charges exceed the agreed upon TER. Ongoing charges may vary over time.

Any benchmark referenced is for comparative purposes only, unless specifically referenced otherwise in this material and/or in the prospectus, under the Sub-Funds’ Investment Objective and Policy.

†Promotes environmental and social characteristics but does not have a sustainable investment objective

†While the Sub-Funds listed above have access to both internal and external ESG research and integrate financially material sustainability risks into their investment decision-making processes, ESG-related factors are considered but not determinative, permitting the relevant Sub-Investment Managers to invest in issuers that do not embrace ESG; as such, sustainability risks may have a more material impact on the value of the Sub-Fund’s investments in the medium to long term. The investments underlying these Sub-Funds do not take into account the EU criteria for environmentally sustainable economic activities.

The Morningstar Rating™ for funds, or star rating, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar risk-adjusted return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36–59 months of total returns, 60% 5-year rating/40% 3-year rating for 60–119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

© 2024 Morningstar. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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