Key information
The DJE Lux - DJE Multi Flex invests in fixed income bonds, equities, target funds and certificates. Depending on the assessment of the market situation, the fund assets may invest up to 100% of the subfund's assets in target funds or securities. However, it is also possible to invest up to 100% of the sub-fund assets in liquid assets, time deposits or money market instruments in the short term.
Key information
| ISIN: | LU0346993305 |
| WKN: | A0NDNP |
| Category: | Fund of Funds |
| VG/KVG: | DJE Investment S.A. |
| Fund Manager: | DJE Kapital AG |
| Risk Category: | 5 |
| This sub-fund/fund promotes ESG features in accordance with Article 6 of the Disclosure Regulation (EU Nr. 2019/2088). | |
| Type of Share: | distribution |
| Financial Year: | 01.01. - 31.12. |
| Launch Date: | 01/07/2008 |
| Fund currency: | EUR |
| Fund Size (06/12/2021): | 214,83 Mio EUR |
| TER p.a. (30/12/2020): | 0,68 % |
| Reference Index: | |
Fees
| Initial Charge: | 6,000 % |
| Management Fee p.a.: | 0,500 % |
| Custodian Fee p.a.: | 0,070 % |
| Advisory Fee p.a.: | 0,30 % |
Ratings & Awards (06/12/2021)
| Morningstar*: |
|
|
Awards: Austrian Fund of Funds Award 2020 Winner in the category "Global Funds of Funds" over 1 and 5 years |
Perfomance Chart
Performance in Percent
Risk metrics |
|
|---|---|
| Standard Deviation (2 years): | 13,72 % |
| Tracking Error (1 years): | - |
| Value at Risk (99% / 20 days): | -8,47 % |
| Maximum Drawdown (1 year): | -5,31 % |
| Sharpe Ratio (2 years): | 0,77 |
| Correlation (1 years): | - |
| Beta (1 years): | - |
| Treynor Ratio (1 years): | - |
Top Country Allocation (30/11/2021) |
|
|---|---|
| Luxembourg | 71,51 % |
| Ireland | 14,86 % |
| United States | 4,60 % |
| Germany | 2,39 % |
| Other/Cash* | 0,13 % |
Asset Allocation (30/11/2021) |
|
|---|---|
| Funds | 88,76 % |
| Cash | 6,63 % |
| Certificates | 4,61 % |
Investment approach
Chances
- The selection and weighting of asset classes and securities is based on fundamental, monetary and market analysis - this FMM approach has proven itself for over 45 years
- Maximum flexibility - no restrictions in the choice of investment instruments
- Asset management character through active risk management
Risks
- Previously proven investment approach does not guarantee future investment success
- Share prices can fluctuate relatively strongly due to market conditions
- Currency risks due to foreign content in the portfolio
- Price risks for bonds, especially in the event of rising interest rates on the capital market
Monthly Commentary
The price of the DJE Lux - DJE Multi Flex rose 1.79% in October. During the reporting period the strongest performance contribution by far came from the US consumer discretionary ETF. Very good results were also recorded by the ETFs passively investing in the US and the equity fund investing in small and medium-sized US companies. Among the sector funds the equity fund predominantly involved in the agricultural and food sector and the ETF on the European healthcare sector performed excellent. The two global equity funds, each with a focus on growth stocks and high-dividend companies, also increased in price. Finally the mixed fund invested in Europe and the gold certificate also contributed to the positive fund result. Only the sub-fund investing in Japan and the equity fund investing in Asia and the Pacific region declined somewhat last month. During the month, an equally weighted USA ETF was added. In addition an actively managed global target fund focusing growth stocks was newly acquired. A technology fund and an ETF on the Euro Stoxx 50 were sold completely. The fund ratio declined from 91.12% to 86.93%. The share of certificates remained almost stable at 4.67% (4.60% previous month). By the end of October the portfolio contained future contracts for investment purposes.
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 DJE Investment S.A., Distributor is the DJE Kapital AG. A summary of investors' rights can be obtained free of charge in English in electronic form on DJE‘s website at www.dje.de/summary-of-investor-rights. 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.