
Key information
The Systematic Return strategy aims at share-based earnings. This strategy enables investors to participate in the profits of companies over the long term, with lower long-term risk parameters than with individual investments.
Responsible manager since inception
Key information
ISIN: | LU1181278976 |
WKN: | A14M9N |
Category: | |
VG/KVG: | DJE Investment S.A. |
Fund Manager: | Robert Beer Management GmbH |
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: | 01/04/2015 |
Fund currency: | EUR |
Fund Size (16/05/2022): | 6,57 Mio EUR |
TER p.a. (30/12/2021): | 2,69 % |
Reference Index: | 100% Euro Stoxx 50 |
Fees
Initial Charge: | 5,000 % |
Management Fee p.a.: | 0,760 % |
Custodian Fee p.a.: | 0,100 % |
Management fee p.a.: | 1,000 % |
Performance Fee p.a.: 10% of the [Hurdle: exceeding 12 months Euribor] unit value development, provided that the unit value at the end of the settlement period is higher than the highest unit value at the end of the previous settlement periods of the last 5 years [High Water Mark Principle]. The settlement period begins on 1 January and ends on 31 December of a calendar year. Payment is made at the end of the accounting period. For further details, see the sales prospectus. |
Ratings & Awards (16/05/2022)
Morningstar*: |
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ESG Data
MSCI ESG RATING (AAA-CCC): | AA |
ESG-Qualityrating (0-10): | 7,718 |
Environment Rating (0-10): | 6,359 |
Social Rating (0-10): | 5,159 |
Governance-Rating(0-10): | 5,914 |
ESG rating in comparison group (0% lowest, 100% highest value): | 98,510 % |
Peergroup: |
Mixed Asset EUR Flex - Global
(1272 Fonds) |
Coverage rate ESG rating: | 88,848 % |
Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 408,038 |
Report date: 29/04/2022
Perfomance Chart
Performance in Percent vs. Reference Index
Risk metrics |
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---|---|
Standard Deviation (1 years): | 8,27 % |
Tracking Error (1 years): | 16,99 % |
Value at Risk (99% / 20 days): | -5,31 % |
Maximum Drawdown (1 year): | -8,70 % |
Sharpe Ratio (1 years): | 0,24 |
Correlation (1 years): | 0,47 |
Beta (1 years): | 0,26 |
Treynor Ratio (1 years): | 7,46 |
Top Country Allocation (29/04/2022) |
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---|---|
Germany | 34,61 % |
France | 16,86 % |
Luxembourg | 8,81 % |
Netherlands | 7,57 % |
Ireland | 5,76 % |
Asset Allocation (29/04/2022) |
|
---|---|
Stocks | 70,17 % |
Cash | 21,03 % |
Funds | 8,81 % |
Investment approach
The asset managing fund pursues a portfolio combination of stocks and hedging strategies on the stock market. The aim of the strategy applied in the fund is to achieve a return that is adequate to the risk in the long term. The fund's assets are invested in listed shares and bonds of all kinds - including zero-coupon bonds and variable-interest securities, participation certificates of all kinds, and convertible and warrant bonds with warrants on securities - traded on a stock exchange or another regulated market that operates regularly, is recognized and open to the public. The Fund may use financial instruments whose value depends on the future prices of other assets ("derivatives") to hedge or increase the value of the assets.
Chances
- Stable investment concept, proven in many stock market phases
- Intelligent investment strategy that systematically adapts to the current situation on the markets
- Special expertise of the company, as a specialist in systematic and risk-adjusted strategies
Risks
- Shares bear the risk of stronger price declines
- Price risks of bonds in the event of rising interest rates
- Country, credit and liquidity risks of issuers
Monthly Commentary
April was a difficult month for the stock markets. In the USA the American technology stock market, measured by the Nasdaq 100, slumped by -13.26% in US dollar terms (euro: -8.88%) and thus suffered the highest monthly loss since the stock market crash in October 2008; the broad US index S&P 500 fell by -8.80% in US dollar terms (euro: -4.19%) and thus - viewed over the first four months - had its worst start to the year since 1939. The German DAX index fell by -2.20%, slightly more than the broad European index Stoxx Europe 600, which fell -1.20%. Overall global equities as measured by the MSCI World corrected by -3.81. A whole series of risk factors weighed on the stock markets: the war in Ukraine and fears of further escalation weighed on sentiment and increased the pessimism of the investors. Russia stopped gas deliveries to Poland and Bulgaria. This triggered concerns, primarily in Germany, that it too would soon be cut off from Russian gas even before alternatives could be found. Energy prices remained high accordingly - the price of a barrel oil (Brent) rose 1.3% to 109.4 US dollars. The fact that energy prices did not rise even further was mainly due to China sticking to its zero-Covid strategy. Corona outbreaks in the capital Beijing and the megacities Guangzhou and Hangzhou led to mass tests of the population to avoid a lockdown ordered by the authorities in the metropolis Shanghai. The result was traffic jam of container ships in the world's busiest container port putting further strain on already strained global supply chains. The price pressure on energy, commodities and food remained high in April. In the euro area inflation reached 7.5% compared to April 2021, the highest price since the creation of the common currency and in the USA it rose to 8.5% (in March), the highest price since 1981. Due to the tense global supply chains and the war in Ukraine experts do not expect any easing in the coming months either. Inflation intensified the pressure on central banks. Market participants expected the US Federal Reserve to raise key interest rates by 50 basis points to a range of 0.75-1.0%. The majority of the market also expected a further hike in height of 50-75 basis points in June and a key interest rate of 2.50-2.75% at the end of the year. The European Central Bank has so far left its key interest rates at 0.0%, but ECB President Christine Lagarde said they are "very much on the way to normalizing" monetary policy. Forecasts call for a first hike in height of 25 basis points in July and three more rate hikes at this level could follow by the end of the year. The high interest rate expectations and the growing national debt burdened the bond market. Interest rates on ten-year German government bonds rose from 0.55% to 0.94%, and their US counterparts yielded 59 basis points higher at 2.93% as of the end of April. The price of a troy ounce of gold fell slightly by -1.76% to US$ 1,897.96.