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
|VG/KVG:||DJE Investment S.A.|
|Fund Manager:||Robert Beer Management GmbH|
|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.|
|Fund Size (26/01/2022):||6,71 Mio EUR|
|TER p.a. (30/12/2020):||2,13 %|
|Reference Index:||100% Euro Stoxx 50|
|Management Fee p.a.:||0,160 %|
|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 (26/01/2022)
|MSCI ESG RATING (AAA-CCC):||AA|
|Environment Rating (0-10):||6,411|
|Social Rating (0-10):||5,202|
|ESG rating in comparison group (0% lowest, 100% highest value):||88,240 %|
Mixed Asset EUR Flex - Global
|Coverage rate ESG rating:||88,498 %|
|Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales):||386,400|
Performance in Percent vs. Reference Index
|Standard Deviation (1 years):||7,46 %|
|Tracking Error (1 years):||11,69 %|
|Value at Risk (99% / 20 days):||-4,68 %|
|Maximum Drawdown (1 year):||-4,94 %|
|Sharpe Ratio (1 years):||1,08|
|Correlation (1 years):||0,52|
|Beta (1 years):||0,34|
|Treynor Ratio (1 years):||23,69|
Top Country Allocation (30/12/2021)
Asset Allocation (30/12/2021)
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.
- 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
- 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
Most international stock markets performed well in December and were able to more than compensate their losses of previous month. The German DAX index posted a gain in height of 5.20%, the broad European Stoxx Europe 600 index rose 5.37% and the US S&P 500 gained 3.67%. Hong Kong's Hang Seng Index, on the other hand, was one of the few exceptions, ending the month with a negative result in height of -0.99%. Overall global equities, as measured by the MSCI World, rose by 3.50% - all index figures in euro terms. On a seasonal basis, equity markets benefited from a good year-end performance that followed the price slump at the end of November. All sectors of the global equity market benefited except automobiles and retail. However, the dominant theme of December - since the emergence of the Corona variant Omikron at the end of November - was the change of the monetary policy by the U.S. Federal Reserve (Fed) as well as other central banks. In the USA the inflation rate at the end of November rose to 6.8% (euro zone: 4.9%) compared to the same month of previous year, the highest price since 1982. Supply problems, material bottlenecks and sharply rising energy costs are currently the main causes of inflation. In view of this development the Fed announced that it would significantly increase the pace of its tapering, i.e. the curbing of its bond purchases and thus allow the bond-buying program to expire in March 2022. Most market participants therefore expect three U.S. interest rate steps in 2022. In Europe the Bank of England raised its key interest rates in an unexpected move, the first since 2018, but the European Central Bank left its expansionary monetary policy unchanged. As a result high-quality government bonds lost ground. Yields on 10-year U.S. government bonds rose seven basis points to 1.51%, while their German counterparts yielded -0.178%, 17 basis points higher than previous month. In Germany the ifo Business Climate Index declined for the sixth consecutive month ending the year at 94.7 points. The decline was due to the overall deterioration in the assessment of the current situation and pessimistic expectations. However, the ifo Business Climate Index for industry had risen for the first time since June 2021 as new orders increased significantly and expectations were more optimistic. The price of a troy ounce of gold recovered slightly rising 3.08% to US$1829.20. In December, however, the strongest price rise was recorded in the field of energy. The price of a barrel of oil (Brent) increased by 10.2% to 79.0 U.S. dollars and for the brand WTI by 13.6% to 76.31 U.S. dollars.
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 Robert Beer Management GmbH. A summary of investors' rights can be obtained free of charge in English in electronic form on DJE‘s website at https://www.dje.de/en-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.