Sparinvest Procedo is an active multi-asset fund from Sparinvest, ISIN LU1438960137.
Active
Multi-Asset
Global
Fund size (GBP) £3.9B
The Fund aims at providing a positive return over the long term. The Fund invests 45-80% of its total net assets in equities and/or equity-equivalent securities (such as ADR/GDR), and 15-50% of its total net assets in fixed income transferable securities. The Fund invests in developed markets investment grade government and Danish covered bonds and up to 30% of its total net assets in rated corporate bonds (investment grade corporate bonds or high yield corporate bonds), emerging markets sovereign bonds (investment grade or high yield) and/or non-rated bonds. The Fund may invest up to 10% of its total net assets in China A-Shares via the China-Hong Kong Stock Connect and China B-Shares. The Fund may, to a limited extent, invest in convertible securities, contingent convertibles (less than 5% of the total net assets) and/or warrants on transferable securities. The Fund may invest in liquid assets and/or in regularly traded money market instruments with a residual term of a maximum of 12 months. The Fund may, to a limited extent, invest in other funds, including closed-end funds with alternative strategies. The Fund can hold up to 15% in cash. There is no limitation in terms of currency of investments. The Fund may invest in all regions, including up to 30% of its total net assets in emerging markets. The Fund may use derivatives to protect the portfolio against currency fluctuations. Environmental and social characteristics as well as good governance of the companies invested into are taken into consideration when making investment decisions. The Fund promotes environmental and social characteristics, but does not have sustainable investment as an objective. Therefore, the Fund falls under the category of Article 8 SFDR.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
+9.4%
1 year return
+31.0%
3 year return
+29.8%
5 year return
Chart type
Compare with
Show
Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month−0.5%
3 months−1.2%
Volatility, 3 years7.9%
Ongoing charge (OCF)
Fund size (GBP)£3.9B
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 5 Oct 2026. Swipe or use the arrows for more panels.
By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Financials37.7%
Information Technology17.9%
Industrials9.5%
See all sectorsA free account shows the full list.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
United States39.0%
Denmark28.9%
Japan3.4%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Equities64.0%
Bonds30.0%
Cash & others6.0%
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 5 Oct 2026.
1. NVIDIA CORPORATION3.1%
2. 4.00% NYKREDIT REALKREDIT A/S 20562.3%
3. APPLE INC.2.3%
4. 0.10% DENMARK I/L GOVERNMENT BOND 20301.6%
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years7.9%
Scale 0 to 40%
Sharpe ratio, 1 year (FE)1.30
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−10.6%
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 4 Jul 2026.
Regulatory risk rating (SRRI)4 of 7
Fund facts
Legal and cost facts for a client note. As reported by the manager.
ISIN
LU1438960137
Fund manager
Gronbaek, Team Managed, Bakkegaard Karsbol, Bossow
Management company
Sparinvest S.A.
Depositary
UI efa S.A.
Benchmark
Procedo Index (Composite), 65% 1 equity index: MSCI ACWI, 2 fixed income indices: [0.175] Nykredit CM 7 Index on Govt, [0.175] Nykredit CM 5 Index on Callable Mortgage
Ongoing charge
Share class launch date
16 Aug 2016
Domicile
LU
Fund type
open-ended fund
SRRI
4 of 7
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
Choose which cookies we may use. Essential cookies are always on because the site needs them to work. Analytics cookies are off until you turn them on. Cookieless page-view signals to Google Analytics are sent before you choose and if you reject; they set no cookies. Read the privacy notice
EssentialKeeps you signed in, remembers this choice, your light or dark setting and how many funds you have viewed today. Always on.
AnalyticsMeasurement cookies that show us which pages and tools are used and where visitors come from. Covers Google Analytics, our own visit tracking and short-lived cookies that record where a visit started and which prompt led to a sign-up. Off until you turn it on.