Key information
The Tri Style Fund takes advantage of a wide variety of investment opportunities. Like conventional investment funds, it may invest directly in equities, bonds or money market instruments; in addition, it may purchase investment funds to further increase diversification and thus limit risk. Specifically, this allows to increase or decrease the equity allocation depending on the circumstances. The wide range that can be allocated to equities makes the Tri Style Fund very flexible. This can also help the fund react flexibly to market movements during sustained downturns.
Responsible manager since inception
Key information
| ISIN: | AT0000701164 |
| WKN: | 798616 |
| Category: | Global Balanced Funds - Flexible |
| VG/KVG: | MASTERINVEST Kapitalanlage GmbH |
| Fund Manager: | DJE Kapital AG |
| Risk Category: | 6 |
| This sub-fund/fund promotes ESG features in accordance with Article 6 of the Disclosure Regulation (EU Nr. 2019/2088). | |
| Type of Share: | accumulation |
| Financial Year: | 01.10. - 30.09. |
| Launch Date: | 18/10/2001 |
| Fund currency: | EUR |
| Fund Size (19/01/2022): | 36,22 Mio EUR |
| TER p.a. (30/09/2017): | 2,35 % |
| Reference Index: | |
Fees
| Initial Charge: | 5,000 % |
| Management Fee p.a.: | 1,760 % |
| Custodian Fee p.a.: | 0,090 % |
Ratings & Awards (19/01/2022)
| Morningstar*: |
|
no esg data available
Perfomance Chart
Performance in Percent
Risk metrics |
|
|---|---|
| Standard Deviation (1 years): | 8,76 % |
| Tracking Error (1 years): | - |
| Value at Risk (99% / 20 days): | -5,47 % |
| Maximum Drawdown (1 year): | -5,03 % |
| Sharpe Ratio (1 years): | 1,25 |
| Correlation (1 years): | - |
| Beta (1 years): | - |
| Treynor Ratio (1 years): | - |
Top Country Allocation (30/12/2021) |
|
|---|---|
| United States | 27,08 % |
| Germany | 17,64 % |
| Luxembourg | 11,71 % |
| United Kingdom | 7,25 % |
| Switzerland | 7,20 % |
Asset Allocation (30/12/2021) |
|
|---|---|
| Stocks | 64,09 % |
| Bonds | 21,64 % |
| Funds | 11,71 % |
| Cash | 1,32 % |
| Other | 1,25 % |
Investment approach
The Tri Style Fund can use the full range of asset allocation. The difference between the Tri Style Fund and a conventional balanced fund is that the former has complete freedom in selecting investments under current Austrian investment fund law. This allows to invest in all classes of equities, in bonds and in derivatives and certificates (see chart below). In addition, the Tri Style Fund has an asset management aspect. The portfolio managers seek attractive investment opportunities around the world in order to fulfil this responsibility.
Chances
- Active risk management gives the fund asset management characteristics
- The selection and weighting of asset classes and securities is based on fundamental, monetary and market analysis - this FMM approach has has a proven track record of over 45 years
- Maximum flexibility – no limits on the selection of investment instruments
Risks
- Equity prices may exhibit relatively strong fluctuations depending on market conditions
- Price risks for bonds, particularly when interest rates on the capital markets rise
- Proven investment approach to date is no guarantee of future investment success
- Currency risks resulting from the portfolio’s foreign investments
Monthly Commentary
Most international stock markets performed well in December, more than compensating their losses from the previous month. In seasonal terms the stock markets benefited from a good end-of-year development following the price slump from the end of November. The dominant theme of December was the change in monetary policy by the U.S. Federal Reserve (Fed) in view of the further sharp rise in inflation. As a result most market participants expect three U.S. interest rate steps in 2022. Therefore high-quality government bonds lost ground, while the price of the troy ounce of gold recovered slightly. In this market environment the price of the Tri Style Fund increased by 2.97%. In December all sectors of the global equity market performed positively, except automobiles and retail. The sectors personal care & pharmaceuticals, food & beverages, basic materials and healthcare posted the highest gains. The fund benefited in December mainly from its positions in the Munich-based technology group Allgeier (software, IT services), the Danish brewery group Carlsberg and the French electrical engineering company Schneider Electric. Particularly disappointin on the other hand, were the results of Swiss drug distributor Zur Rose, Chinese wind turbine manufacturer Xinjiang Goldwind and Swedish-Canadian mining company Lundin Mining. Over the month the fund's management slightly increased the weighting of the sectors technology, basic materials and food & beverage in particular, while moderately reducing the sectors health care and industry. The fund's equity allocation was 64.09% (62.52% previous month). The bond allocation remained almost stable at 21.64% (21.68% previous month), as well as the fund's allocation of 11.71% (11.88% previous month). As of month-end titles denominated in U.S. and Australian dollars, Swiss francs and British pounds were partially currency hedged.
Figures subject to revision by the auditors on the reporting dates. The published information does not constitute investment advice or a recommendation, but only provides a brief summary of the key features of the fund. The current sales documents (Key Investor Information Document, prospectus, annual report and - if the annual report is older than eight months - the semi-annual report) for the respective investment funds form the sole basis for the purchase of securities. The sales documents are available at no charge at the respective fund company, the distribution company or at www.dje.de.
All data and estimates are indicative and may change at any time. This information is based on our assessment of current legal and tax regulations. The data were carefully compiled, but no guarantee can be given for the accuracy of such information. All data are subject to change.
The performance is calculated using the BVI (Bundesverband Investment und Asset Management e.V.) method, i.e. without taking into account the subscription fee. Individual expenses such as fees, commissions and other charges are not taken into account in the data and would have a detrimental effect on the performance if they were. The subscription fees payable reduce the invested capital as well as the performance depicted. Data on past performance are not a reliable indicator of future performance.
The tax treatment depends on the individual circumstances of the investor and may be subject to change. Please see the prospectus for more detailed tax information.
In connection with brokering fund units, the Dr. Jens Ehrhardt Group and its distribution partners may receive reimbursements from costs charged to the funds by the investment companies in accordance with the respective prospectuses.
The units of this fund that are issued may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Therefore the units of this fund may not be offered for sale or sold in the USA, or offered for sale or sold to or for the account of US citizens or US persons resident in the USA.
This document and the information it contains may not be distributed in the USA. The distribution and publication of this document and the offer or sale of units may also be subject to restrictions in other jurisdictions.
The management company of the funds is MASTERINVEST Kapitalanlage GmbH, Distributor is the DJE Kapital AG. A summary of investors' rights can be obtained free of charge in English in electronic form at www.masterinvest.at/umedia/files/Presentation/Rechtliche_Hinweise/Rechte_der_Anleger_DE.pdf. The funds described in this marketing document may have been notified for distribution in different EU Member States. Investors' attention is drawn to the fact that the relevant management company may decide to withdraw the arrangements it has made for the distribution of the units of its funds in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.