This fund focuses its investments on bonds from domestic and foreign issuers, participation certificates, convertible bonds and warrant bonds. Domestic and foreign stocks may comprise up to 20% of fund assets. This level can be tactically increased by 10% through the use of derivatives. Overall the fund maintains a balanced mix of securities with the goal of achieving a reasonable return. The focus of investments is on high-quality bonds. In selecting equities, the fund managers analyse companies using quantitative and qualitative criteria.
Responsible manager since inception
Responsible manager since 15/02/2022
|Category:||Balanced Funds - Focus on Global Bonds|
|VG/KVG:||DWS Investment S.A.|
|Fund Manager:||DJE Kapital AG|
|This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088).|
|Type of Share:||accumulation|
|Financial Year:||01.07. - 30.06.|
|Fund Size (19/05/2022):||986,04 Mio EUR|
|Ongoing Charges p.a. (30/06/2020):||1,40 %|
|Reference Index:||70% JPM Global Bond Index in EUR, 30% MSCI World Index in EUR|
|Initial Charge:||2,000 %|
|All-in fee p.a.:||1,35 %|
Ratings & Awards (19/05/2022)
Best Asset Manager 2022
Best out of 339 funds in the category "Defensive" in the ranking of Wirtschaftswoche and MMD
€uro Fund Award 2021
2nd place over 1 year in the category "Mixed funds mainly bonds"
no esg data available
Performance in Percent vs. Reference Index
|Standard Deviation (1 years):||3,99 %|
|Tracking Error (1 years):||5,66 %|
|Value at Risk (99% / 20 days):||-2,58 %|
|Maximum Drawdown (1 year):||-3,66 %|
|Sharpe Ratio (1 years):||-0,01|
|Correlation (1 years):||0,22|
|Beta (1 years):||0,30|
|Treynor Ratio (1 years):||-0,14|
Top Country Allocation (31/03/2022)
|United States||22,90 %|
|Other Countries||7,50 %|
Asset Allocation (31/03/2022)
The fund takes advantage of the cyclical interplay between the asset classes bonds and equities. The focus is on international bonds, both corporate and government bonds, in various currencies. The fund also takes advantage of selected opportunities on the equity markets. This allows it to diversify when bonds are temporarily weak and to achieve a positive long-term performance. The allocation between equities, bonds and cash as well as the analysis of the equity and bond markets is based on the FMM method, the proven investment approach of DJE Kapital AG (for more information on the FMM method, please visit www.dje.de). The broad diversification across different asset classes forms the basis for a favourable risk/return ratio.
- The fund frequently makes full use of the equity investment option to profit from rising equity markets
- Participation in a balanced portfolio of equities, bonds and foreign currencies
- Our professional team takes advantage of the opportunities offered by volatile markets
- Issuer country and credit risks as well as currency risks
- Equity prices may exhibit relatively strong fluctuations depending on market conditions
- Price drops in the money and capital markets when interest rates rise
The volatile market environment did not leave the DWS Concept DJE Alpha Renten Global unaffected. The performance in April was -0.98%. The equity ratio including derivatives was dynamically managed between 13.86% and 19.71%. At the sector level technology and commodity stocks were reduced. Stocks from the chemical sector were also reduced. On the other hand, stocks from the sectors utilities, health care and telecommunications were bought. During the month the US dollar hedge was unwound with the aim of participating in the currency development (rising US dollar). On the interest rate side the interest rate hedges were maintained and selectively increased in the short term in order to cushion losses with accompanying interest rate rises. The fund management also decided to reduce currency bonds and supranational bonds from the Asia-Pacific region. Government bonds in US dollars and euros with short maturities were acquired. In addition corporate securities from the automotive sector were swapped and the corporate bond ratio in the fund was increased minimally. The average remaining term of the bonds in the fund, including derivatives, was 1.8 years at the end of the month.
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 fund is DWS Investment GmbH Distributor is DWS Investment GmbH and the DJE Kapital AG. A summary of investors' rights can be obtained free of charge in English in electronic form at www.dws.com/footer/legal-resources/. 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.