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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 01/04/2015
Key information
ISIN: | LU1181280105 |
WKN: | A14M9P |
Category: | Fund EUR Flexible Allocation - Global |
Minimum Equity: | 51% |
Partial Exemption of Income ¹: | 30% |
VG/KVG: | DJE Investment S.A. |
Fund Management: | Robert Beer Management GmbH |
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: | 01.01. - 31.12. |
Launch Date: | 01/04/2015 |
Fund currency: | EUR |
Fund Size (25/07/2024): | 6,05 Mio EUR |
TER p.a. (29/12/2023): | 1,83 % |
Reference Index: | - |
Fees
Management Fee p.a.: | 0,160 % |
Custodian Fee p.a.: | 0,090 % |
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 (25/07/2024)
Morningstar*: |
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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): | 8,133 |
Environment Rating (0-10): | 6,939 |
Social Rating (0-10): | 5,686 |
Governance-Rating(0-10): | 6,315 |
ESG rating in comparison group (0% lowest, 100% highest value): | 99,230 % |
Peergroup: |
Mixed Asset EUR Flex - Global
(1553 Fonds) |
Coverage rate ESG rating: | 98,773 % |
Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 84,818 |
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 (1 years): | 7,52 % |
Tracking Error (1 years): | - |
Value at Risk (99% / 20 days): | -4,67 % |
Maximum Drawdown (1 year): | -3,59 % |
Sharpe Ratio (1 years): | 1,07 |
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 | ||
---|---|---|---|
ASML HOLDING NV | 9.65% | ISHARES EURO GOVT BOND 1-3Y | 1.07% |
LVMH MOET HENNESSY LOUIS VUI | 7.19% | ||
TOTAL ENERGIES SE | 5.18% | ||
SCHNEIDER ELECTRIC SA | 4.95% | ||
SIEMENS AG-REG | 4.50% | ||
ESSILORLUXOTTICA | 3.46% | ||
ALLIANZ SE-REG | 2.94% | ||
BASF SE | 2.94% | ||
AIR LIQUIDE SA | 2.89% | ||
DHL GROUP | 2.71% |
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) |
|
---|---|
France | 31,72 % |
Germany | 29,35 % |
Netherlands | 14,87 % |
Spain | 6,58 % |
Italy | 3,86 % |
Asset allocation in % of the fund volume (28/06/2024) |
|
---|---|
Stocks | 86,38 % |
Cash | 12,54 % |
Funds | 1,07 % |
Investment strategy
RB LuxTopic - Systematic Return has a clearly structured investment process. It is based on the three building blocks:
F undamental
S ystematic
R isikoadjusted
F undamental - European top companies
RB LuxTopic - Systematic Return invests in large European groups with strong brands and a stable market position. These companies are often market leaders. They operate globally and generate their earnings not only in Europe, but worldwide. Above all, they are characterized by strong substance, high earnings power, steady growth and attractive dividends.
S ystematic - Systematic Stock Selection - Algorithm
A systematic selection process selects the strongest-trending stocks from the given stock spectrum. The aim of this algorithm is to overweight stronger long-term companies and to underweight or sort out underperforming stocks.
R isikoadjusted - Active Risk Management
Active risk management can be used. If the setback in a falling stock market is smaller due to risk reduction, the investment starts from a higher level when the stock market later rises again.
Chances
- Intelligent investment strategy that systematically adapts to the current situation on the markets
- Stable investment concept, proven in many stock market phases
- Special expertise of the company, as a specialist in systematic and risk-adjusted strategies
Risks
- Country, credit and liquidity risks of issuers
- Shares bear the risk of stronger price declines
- Price risks of bonds in the event of rising interest rates
Target group
Der Fonds eignet sich für Anleger
- with a medium to long-term investment horizon
- seek opportunities through professional asset management
- with a lower risk appetite than equity investments
Der Fonds eignet sich nicht für Anleger
- which do not accept increased fluctuations in value
- with short-term investment horizon
- who strive for a secure return
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.