Key information
The fund invests primarily worldwide in listed bonds of all types. In addition, the subfund's assets may invest up to 50% worldwide in equities listed on a stock exchange or traded on a regulated market that operates regularly, is recognized and open to the public. Units of other UCITS or UCIs are only acquired up to a maximum of 10% of the subfund's assets.<br><br>NOTE: Units of this unit class may only - be acquired and held by investors who fulfil the requirements of §44 a para. 7 sentence 1 of the German Income Tax Act or by comparable foreign investors with their registered office and management in a state providing administrative and recovery assistance or - be acquired and held within the framework of retirement provision or basic pension contracts that have been certified in accordance with §§ 5 or 5a of the German Retirement Provision Contracts Certification Act.
Key information
ISIN: | LU0194682679 |
WKN: | A0B524 |
Category: | Fund EUR Moderate Allocation |
Minimum Equity: | - |
Partial Exemption of Income ¹: | - |
VG/KVG: | DJE Investment S.A. |
Fund Management: | DJE Kapital AG |
Risk Category: | 3 |
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: | 01.07. - 30.06. |
Launch Date: | 15/07/2004 |
Fund currency: | EUR |
Fund Size (25/07/2024): | 49,41 Mio EUR |
TER p.a. (30/06/2023): | 0,60 % |
Reference Index: | - |
Fees
Initial Charge: | 6,000 % |
Management Fee p.a.: | 0,320 % |
Custodian Fee p.a.: | 0,070 % |
Advisory Fee p.a.: | 0,16 % |
Ratings & Awards (25/07/2024)
Morningstar*: |
|
All ESG information presented here relates to the fund portfolio shown and is sourced from MSCI ESG Research, a leading provider of environmental, social and governance analysis and ratings.
MSCI ESG RATING (AAA-CCC): | AA |
ESG-Qualityrating (0-10): | 7,277 |
Environment Rating (0-10): | 6,647 |
Social Rating (0-10): | 5,538 |
Governance-Rating(0-10): | 5,990 |
ESG rating in comparison group (0% lowest, 100% highest value): | 75,490 % |
Peergroup: |
Mixed Asset EUR Cons - Global
(616 Fonds) |
Coverage rate ESG rating: | 88,429 % |
Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 114,863 |
Portfolio allocation according to ESG rating of individual securities
Report date: 28/06/2024
- The fiscal treatment depends on the personal circumstances of the respective client and can be subject of change in the future.
- is proprietary to Morningstar and/or ist content providers may not be copied or distributed and is not warranted ob e accurate, complete or timely. Neither Morningstar nor ist content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Perfomance Chart
Performance in Percent
Rolling performance in %
Risk metrics (25/07/2024) |
|
---|---|
Standard Deviation (2 years): | 5,41 % |
Tracking Error (1 years): | - |
Value at Risk (99% / 20 days): | -3,29 % |
Maximum Drawdown (1 year): | -2,28 % |
Sharpe Ratio (2 years): | 0,45 |
Correlation (1 years): | - |
Beta (1 years): | - |
Treynor Ratio (1 years): | - |
Country allocation total portfolio (% NAV)
*Note: Cash position is included here because it is not assigned to any country or currency.
Data: Anevis Solutions GmbH, own illustration 28/06/2024
Top Ten Holdings in % of Fund Volume
Equity Portfolio | Portfolio without share | ||
---|---|---|---|
VISA INC-CLASS A SHARES | 1.83% | KFW (4.125%) | 3.34% |
APPLE INC | 1.79% | NORWEGIAN GOVERNMENT (1.50%) | 2.38% |
TAIWAN SEMICONDUCTOR-SP ADR | 1.63% | INTL FINANCE CORP (7.00%) | 2.06% |
ELI LILLY & CO | 1.59% | BELGIUM KINGDOM (3.0000%) | 1.93% |
HANNOVER RUECKVERSICHERU-REG | 1.56% | BUONI POLIENNALI DEL TES (3.35%) | 1.93% |
ALPHABET INC-CL C | 1.54% | DJE-ASIEN-XP | 1.91% |
AMAZON.COM INC | 1.52% | PROSUS NV (1.5390%) | 1.80% |
JPMORGAN CHASE & CO | 1.44% | MCDONALD'S CORP (2.625%) | 1.69% |
LINDE PLC | 1.35% | FRAPORT AG (1.8750%) | 1.61% |
EQUINOR ASA | 1.29% | MSCI INC (3.25%) | 1.57% |
Current status: 28/06/2024
When buying a fund, one acquires shares in the said fund, which invests in securities such as shares and/or in bonds, but not the securities themselves.
Top Country Allocation in % of Fund Volume (28/06/2024) |
|
---|---|
United States | 35,84 % |
Germany | 18,71 % |
Netherlands | 4,08 % |
Norway | 3,66 % |
Cayman Islands | 3,38 % |
Asset allocation in % of the fund volume (28/06/2024) |
|
---|---|
Bonds | 50,61 % |
Stocks | 43,63 % |
Funds | 3,04 % |
Cash | 2,73 % |
Investment strategy
Chances
- Asset management character through active risk management
- Participation in the growth opportunities of the global equity and bond markets - the fund is not fixed on one region or country
- proven
- monetary and market analysis this FMM approach has proven its worth for approx. 50 years.
- The selection and weighting of asset classes and securities is based on the fundamental
Risks
- Previously proven investment approach does not guarantee future investment success
- Share prices can fluctuate relatively strongly due to market conditions
- Country risks of issuers
- Price risks for bonds, especially in the event of rising interest rates on the capital market
- Currency risks due to foreign content in the portfolio
Target group
Der Fonds eignet sich für Anleger
Der Fonds eignet sich nicht für Anleger
Monthly Commentary
The international stock markets showed a mixed performance in June. The stock markets in Germany and Europe were weak. The German stock index DAX lost -1.42% and the broad European stock index Stoxx Europe 500 fell by -1.30%. In contrast, the broad US stock index S&P 500 was strong, rising by 4.73%. Hong Kong's Hang Seng Index closed the month slightly down by -0.65%. Overall, global equities, as measured by the MSCI World, advanced by 3.18% - all index figures in euro terms. Technology, cyclical consumer stocks and healthcare were the best performing sectors worldwide, while utilities and commodities in particular were disappointing. In Europe, technology and pharmaceuticals also performed well in June, while construction, automotive, commodities and banks were disappointing. As expected, the European Central Bank lowered its key interest rates by 25 basis points to 4.25% - the first rate cut since March 2016. This was made possible by the trend in inflation, which has fallen from 2.9% at the beginning of the year to 2.5% in June compared to the same month last year. At its peak in October 2022, the inflation rate was 10.6%. Inflation in the US also fell slightly to 3.3% in May (April: 3.4%). The core rate (excluding energy and food) fell from 3.6% to 3.4%, a slightly sharper decline. As announced, the US Federal Reserve (Fed) maintained its current key interest rate range of 5.25% to 5.50%. Nevertheless, market expectations remained that the Fed could continue to cut key interest rates this year, albeit to a lesser extent. At the end of the first quarter, market participants on average still expected interest rate cuts of 67 basis points by the Fed's December meeting; at the end of the second quarter, this figure had fallen to 44 basis points. The equity and bond markets were also influenced by the elections to the European Parliament. It was significant for the markets that French President Emmanuel Macron announced an early parliamentary election with a first round of voting on 30 June immediately after the disappointing election result for him - as a result, there was a massive sell-off in French equities and government bonds. The risk premium between French 10-year government bonds and their German counterparts widened to 29 basis points in the week following the election announcement. On the bond markets, German government bonds in particular benefited from the ECB's interest rate cut. Yields on 10-year bonds fell by 16 basis points to 2.50%, while those of their US counterparts fell by just 10 basis points to 4.40%. Gold treaded water in June. The troy ounce fell by -0.02% to USD 2,326.75.