Key information
The DWS Concept DJE Responsible Invest is a mixed fund that invests worldwide in equities (min. 25%) and bonds of sustainable companies (green bonds). Companies that exert a positive influence on society through products, processes or special commitment are considered sustainable. In addition, the fund may only invest in companies whose CO2 emissions are below very strict limits. This CO2 filter manifests itself in a very low carbon footprint at fund level. Investments in green bonds are bonds whose proceeds flow into pre-defined green projects - these can include reforestation projects, the establishment of recycling cycles or the improvement of drinking water treatment. The fund is fully geared to globally valid sustainability requirements.
Responsible manager since 01/07/2019
Responsible manager since 01/12/2007
Key information
| ISIN: | LU0185172052 |
| WKN: | A0BLYJ |
| Category: | Balanced Funds Flexible - World |
| VG/KVG: | DWS Investment S.A. |
| Fund Manager: | DJE Kapital AG |
| Risk Category: | 5 |
| This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088). | |
| Type of Share: | distribution |
| Financial Year: | 01.01. - 31.12. |
| Launch Date: | 07/04/2004 |
| Fund currency: | EUR |
| Fund Size (21/09/2021): | 40,92 Mio EUR |
| Ongoing Charges p.a. (31/12/2020): | 1,69 % |
| Reference Index: | |
Fees
| Initial Charge: | 5,00 % |
| All-in fee p.a.: | 1,65 % |
Ratings & Awards (21/09/2021)
| Morningstar*: |
|
Top Country Allocation (30/07/2021) |
|
|---|---|
| Germany | 26,10 % |
| United States | 25,20 % |
| Denmark | 9,60 % |
| France | 6,60 % |
| Netherlands | 6,30 % |
Asset Allocation (30/07/2021) |
|
|---|---|
| Stocks | 82,70 % |
| Bonds | 14,80 % |
| Cash | 2,50 % |
Investment approach
DJE works with MSCI ESG Research, a leading international provider of environmental, social and governance (ESG) analysis and ratings. The investment universe is examined on the basis of ESG filters. The fund management of the DWS Concept DJE Responsible Invest analyzes the closer selection qualitatively and invests in what it considers to be the most promising ESG leading stocks. Excluded are companies that violate United Nations regulations on human rights, labour rights and environmental protection or that generate more than 5% of their sales through weapons, gambling, nuclear energy, power plant coal or genetically modified seeds. On the equity side, the focus is on companies that have a positive impact on society and the environment. On the bond side, the fund invests primarily in "green bonds", i.e. bonds issued by companies that meet ESG criteria. Investment in government bonds is not the focus of attention, but is possible, provided there are no exclusion criteria such as high corruption, lack of freedom of the press or weak civil rights.
Chances
- Ongoing adjustment of the portfolio to the expected market conditions for strategic risk diversification
- Participation in the growth opportunities of the equity and bond markets - no fixation on a region or a Country
- Profit from the long-term investment trend Sustainability
- Experienced fund manager with an approach based on fundamental, monetary and market analysis (FMM), enhanced by ESG filters
Risks
- Equities carry risk of stronger price declines
- No guarantee that securities of companies considered sustainable will perform above average
- Price risks of bonds with rising interest rates
- Currency risks due to foreign share
- Country, credit and liquidity risks of issuers
Monthly Commentary
Even though August tends to be considered to be a modest stock market month the international stock markets made good progress with a few exceptions. They benefited from the fact that, despite high inflation rates, the U.S. Federal Reserve considered an immediate tapering of bond purchases to be premature in view of the labor market. Rising inflation had little impact on the gold price on a monthly basis, which remained virtually unchanged at USD 1,815/troz. Yields of high-quality U.S. government bonds, which had risen more sharply in anticipation of a change in strategy by the Fed fell again slightly at the end of the month. The ECB announced that the monetary policy will remain expansionary until the inflation rate target in height of 2% will be reached for a certain period. Market participants were also relieved that the wave of infection of the delta variant of the coronavirus had probably reached its plateau in August and renewed restrictive measure do not need to be feared. On the other hand, continued supply bottlenecks in the industry and subdued expectations in the retail sector due to rising prices weighed on companies' optimism. In this market environment, the price of the DWS Concept DJE Responsible Invest rose 2.57%. In August the highest performance contributions came from the technology sector. But titles of the retail sector in particular burdened the fund's performance. At single stock level the highest performance contribution came from the Danish pharmaceutical company Novo Nordisk. Negative impulses came, among others, from the Danish technology company Asetek (liquid cooling solutions for computer systems) and the British-Australian mining company Rio Tinto. During the month the fund's management mainly increased the sectors utilities and technology and reduced the retail sector. Regionally the European allocation was increased and that of the USA slightly reduced. The fund's equity allocation was 84.11% at the end of the month (82.12% previous month). At the end of the month currency hedges were not part of the portfolio of the fund.
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Fund reporting
Prospectus & Reports
Legal Information
The source of all information and responsible for the content and preparation is DJE Kapital AG, unless otherwise stated.
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 S.A. 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 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.