Actively Managed Certificate (AMC) | Professional investors only

Core Stability Growth AMC

A high-conviction global equity strategy built around future cashflows and structured risk diversification.

Exposure to businesses benefiting from rising capital intensity, infrastructure constraints and technological transformation across the global economy.

The AMC launched on 7 May 2026 as the continuation of the same Core Stability Growth strategy previously implemented via managed accounts. From 7 May 2026 onward, reported performance reflects net AMC returns. The AMC can be purchased through your bank, broker, or usual custodian using its ISIN. Managed account solutions are also available for U.S. investors.

ISIN: CH1494954758 Access: Bank, broker or custodian Liquidity: Daily pricing and liquidity Strategy Record: Continuous record since June 2025

Portfolio Construction

The Core–Stability–Growth framework combines different cashflow profiles within a single portfolio: real-asset-backed cashflows, visible near-term cashflows and selective longer-duration cashflow potential.

Core

Real-asset-backed cashflows

Businesses anchored in real-economy cashflows with linkage to physical assets, infrastructure, supply chains, energy systems, industrial capacity and resource constraints.

Stability

Visible near-term cashflows

Businesses with durable competitive positions, resilient demand and high visibility into current and near-term cashflow generation.

Growth

Longer-duration cashflow potential

Businesses where long-term cashflow potential is supported by structural demand, improving commercial traction or asymmetric upside.

The portfolio is built across distinct cashflow profiles rather than sector labels alone, combining resilience, visible compounding and selective long-duration upside.

AMC Performance Since Launch

The chart compares Core Stability Growth AMC (CSG-AMC) returns since launch with SPY ETF as the primary S&P 500 benchmark and QQQ ETF as an illustrative Nasdaq-100 growth reference. Today's value is shown as an estimated live NAV where available; prior dates reflect closing values.

Live CSG-AMC NAV
| Today: —
CSG-AMC Since Launch
S&P 500 (SPY) Since Launch
Nasdaq 100 (QQQ) Since Launch
CSG vs SPY
Latest Date

CSG-AMC return is shown from the launch baseline. SPY is used as the primary S&P 500 reference; QQQ is shown as an illustrative Nasdaq-100 technology/growth reference. Today's NAV and return are estimated where available; prior dates reflect closing values. Past performance is not indicative of future results.

Structure and Access

The strategy is available through the Core Stability Growth AMC. Professional investors can purchase the AMC through their bank, broker, or usual custodian using its ISIN.

Vehicle

Actively Managed Certificate

Liquidity

Daily pricing and liquidity

Identifier

ISIN CH1494954758

Management fee: 1% p.a. Performance fee: 20% over 5% hurdle Identifier: ISIN CH1494954758

Current Strategy Positioning

CSG-AMC provides exposure to businesses positioned for a structurally more capital-intensive and technologically transformative world. Portfolio communication focuses on the economic exposures, cashflow drivers and market regime context behind the strategy, while preserving the proprietary implementation process.

Infrastructure

AI & Data Infrastructure

Exposure to the physical infrastructure required for AI compute expansion, including power management, thermal systems, connectivity and data-center capacity.

Electrification

Grid Expansion

Businesses positioned around rising electricity demand, transmission investment, grid modernisation and industrial electrification.

Semiconductors

Capacity & Tooling

Exposure to semiconductor manufacturing intensity, process complexity and advanced production requirements across the AI supply chain.

Healthcare

Precision Medicine

Selective exposure to businesses benefiting from structural advances in diagnostics, genomics, drug development and personalised medicine.

Macro

Duration & Real Yields

Portfolio construction incorporates the effect of real yields, inflation volatility and duration sensitivity on different types of future cashflows.

Process

Active Implementation

Positioning is adjusted through an active process that balances cashflow visibility, capital intensity, valuation discipline and macro risk.

Investor communication includes strategy commentary, market perspectives, performance reporting and portfolio insights without turning the portfolio into a public holdings feed.

Strategy Management

The strategy is managed by Bruegger Invest Limited, supported by dedicated portfolio management and risk oversight.

Portfolio management team

Strategy manager overview and team structure are shown below.

Important Information

Key information and risk disclosures relating to the Core Stability Growth AMC.

Professional investors only

The Core Stability Growth AMC is intended exclusively for professional investors or eligible clients under applicable laws and regulations.

Performance

The displayed record represents the continuous Core Stability Growth strategy since June 2025. Returns before 7 May 2026 reflect the managed account implementation; returns from 7 May 2026 onward reflect the AMC. All displayed returns are net of management and performance fees. Past performance is not indicative of future results.

Risks

Investment in the strategy involves risk, including possible loss of capital. Exposure may include equity market risk, sector risk, leverage, and broader market volatility.

This page is for information purposes only and does not constitute investment advice, an offer, or a recommendation. All performance figures are shown net of management and performance fees. Investors should consult their professional advisers and review the relevant termsheet and documentation before making any allocation decision.