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 (30/03/2023): | 192,39 Mio EUR |
| TER p.a. (30/12/2022): | 0,67 % |
| 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 (30/03/2023)
| Morningstar*: |
|
no esg data available
Perfomance Chart
Performance in Percent
Risk metrics |
|
|---|---|
| Standard Deviation (2 years): | 11,00 % |
| Tracking Error (1 years): | - |
| Value at Risk (99% / 20 days): | -7,25 % |
| Maximum Drawdown (1 year): | -13,41 % |
| Sharpe Ratio (2 years): | -0,36 |
| Correlation (1 years): | - |
| Beta (1 years): | - |
| Treynor Ratio (1 years): | - |
Top Country Allocation (28/02/2023) |
|
|---|---|
| Luxembourg | 55,03 % |
| Ireland | 24,85 % |
| Germany | 9,44 % |
| United States | 5,68 % |
| Other/Cash* | -0,01 % |
Asset Allocation (28/02/2023) |
|
|---|---|
| Funds | 89,32 % |
| Certificates | 5,67 % |
| Cash | 5,01 % |
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
In February, DJE Lux - DJE Multi Flex declined by -0.70%. Over the course of the month, the fund benefited primarily from target funds that invest in Europe on an actively managed basis, including a fund focused on value stocks and a fund focused on dividend stocks. A passively managed UK equity fund focused on ESG criteria also performed positively. The target fund, which actively invests in small and medium-sized US stocks, was able to defy the negative development of the US market. The sector fund with a focus on the agricultural and food industry also made a positive contribution to performance. In contrast, there were significant price losses for the actively and passively managed target funds that invest in Asia. The sector funds with a focus on the banking, energy and health sectors also fell noticeably. The passively managed funds focused on US value and ESG stocks also detracted from performance. In addition, the gold certificate also lost value due to the weakening gold price. During the month, the fund management bought an actively managed fund with a focus on European small and mid caps. On the other hand, the fund was reduced, which invests in the agricultural and food industry. The fund ratio of DJE Lux - DJE Multi Flex rose slightly from 86.82% to 89.32%. The share of certificates remained almost stable at 5.67% (previous month: 5.95%), while liquidity fell from 7.23% to 5.01%. At the end of the month, futures contracts were included in the fund for hedging purposes.