![Maerkte-DJE-Anleger-Webinar](/globalassets/productdetail/desktop/lu0194682679_en.jpg)
Key information
The fund invests primarily worldwide in listed bonds of all types. In addition, the subfund's assets may invest up to 50% worldwide in equities listed on a stock exchange or traded on a regulated market that operates regularly, is recognized and open to the public. Units of other UCITS or UCIs are only acquired up to a maximum of 10% of the subfund's assets.<br><br>NOTE: Units of this unit class may only - be acquired and held by investors who fulfil the requirements of §44 a para. 7 sentence 1 of the German Income Tax Act or by comparable foreign investors with their registered office and management in a state providing administrative and recovery assistance or - be acquired and held within the framework of retirement provision or basic pension contracts that have been certified in accordance with §§ 5 or 5a of the German Retirement Provision Contracts Certification Act.
Key information
ISIN: | LU0194682679 |
WKN: | A0B524 |
Category: | Fund EUR Moderate Allocation |
Minimum Equity: | - |
Partial Exemption of Income ¹: | - |
VG/KVG: | DJE Investment S.A. |
Fund Management: | DJE Kapital AG |
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: | 01.07. - 30.06. |
Launch Date: | 15/07/2004 |
Fund currency: | EUR |
Fund Size (01/07/2024): | 49,95 Mio EUR |
TER p.a. (30/06/2023): | 0,60 % |
Reference Index: | - |
Fees
Initial Charge: | 6,000 % |
Management Fee p.a.: | 0,320 % |
Custodian Fee p.a.: | 0,070 % |
Advisory Fee p.a.: | 0,16 % |
Ratings & Awards (01/07/2024)
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): | 7,277 |
Environment Rating (0-10): | 6,647 |
Social Rating (0-10): | 5,538 |
Governance-Rating(0-10): | 5,990 |
ESG rating in comparison group (0% lowest, 100% highest value): | 75,490 % |
Peergroup: |
Mixed Asset EUR Cons - Global
(616 Fonds) |
Coverage rate ESG rating: | 88,429 % |
Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 114,863 |
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 (01/07/2024) |
|
---|---|
Standard Deviation (2 years): | 5,43 % |
Tracking Error (1 years): | - |
Value at Risk (99% / 20 days): | -3,24 % |
Maximum Drawdown (1 year): | -2,26 % |
Sharpe Ratio (2 years): | 0,77 |
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 | ||
---|---|---|---|
VISA INC-CLASS A SHARES | 1.83% | KFW (4.125%) | 3.34% |
APPLE INC | 1.79% | NORWEGIAN GOVERNMENT (1.50%) | 2.38% |
TAIWAN SEMICONDUCTOR-SP ADR | 1.63% | INTL FINANCE CORP (7.00%) | 2.06% |
ELI LILLY & CO | 1.59% | BELGIUM KINGDOM (3.0000%) | 1.93% |
HANNOVER RUECKVERSICHERU-REG | 1.56% | BUONI POLIENNALI DEL TES (3.35%) | 1.93% |
ALPHABET INC-CL C | 1.54% | DJE-ASIEN-XP | 1.91% |
AMAZON.COM INC | 1.52% | PROSUS NV (1.5390%) | 1.80% |
JPMORGAN CHASE & CO | 1.44% | MCDONALD'S CORP (2.625%) | 1.69% |
LINDE PLC | 1.35% | FRAPORT AG (1.8750%) | 1.61% |
EQUINOR ASA | 1.29% | MSCI INC (3.25%) | 1.57% |
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) |
|
---|---|
United States | 35,84 % |
Germany | 18,71 % |
Netherlands | 4,08 % |
Norway | 3,66 % |
Cayman Islands | 3,38 % |
Asset allocation in % of the fund volume (28/06/2024) |
|
---|---|
Bonds | 50,61 % |
Stocks | 43,63 % |
Funds | 3,04 % |
Cash | 2,73 % |
Investment strategy
Chances
- Asset management character through active risk management
- Participation in the growth opportunities of the global equity and bond markets - the fund is not fixed on one region or country
- proven
- monetary and market analysis this FMM approach has proven its worth for approx. 50 years.
- The selection and weighting of asset classes and securities is based on the fundamental
Risks
- Previously proven investment approach does not guarantee future investment success
- Share prices can fluctuate relatively strongly due to market conditions
- Country risks of issuers
- Price risks for bonds, especially in the event of rising interest rates on the capital market
- Currency risks due to foreign content in the portfolio
Target group
Der Fonds eignet sich für Anleger
Der Fonds eignet sich nicht für Anleger
Monthly Commentary
The stock markets in Europe and North America performed well in May and were largely able to equalise the losses from the previous month. The German stock index DAX rose by 3.16% and the broad European share index Stoxx Europe 600 gained 2.63%. The broad US index S&P 500 rose by 3.18%. The Hong Kong Hang Seng Index achieved a weaker but still positive result with a gain of 0.21%. Global equities, as measured by the MSCI World, advanced by 2.62%. The main driver behind this positive performance was once again market expectations that the doves could prevail over the hawks when it comes to monetary policy. The US Federal Reserve (Fed) announced its intention to sell fewer government bonds and thus adopt a somewhat less steep path for its quantitative tightening in future. At the same time, Fed Chairman Jerome Powell said that an interest rate hike is unlikely to be the next step. As the US labour market also reported fewer newly created jobs in April, concerns about an overheating economy faded. In addition, the inflation rate fell more sharply than expected in April from 3.5% to 3.4% and core inflation (excluding food and energy) from 3.8% to 3.6% - both compared to the previous year. This rekindled hopes of interest rate cuts by the Fed before the end of the year, especially as the markets have firmly priced in a key interest rate cut by the European Central Bank in June. However, the rally on the stock markets began to stutter around the middle of the month, as various data pointed to a persistent inflation trend. For example, the purchasing managers' index for the manufacturing sector in the eurozone surprisingly rose from 45.7 to 47.3 points. Although this means that the index is still below the threshold value of 50, from which an expanding economy is expected, the sharp rise was achieved even without an interest rate cut. In addition, wages in the eurozone rose, which will make a lasting contribution to inflation. And in May, inflation in the eurozone rose again from 2.4% to 2.6% year-on-year. Core inflation also rose from 2.7% to 2.9%. While there had been hopes of several interest rate cuts by the ECB prior to these figures, the markets revised these expectations somewhat. The bond markets reacted very differently to this. In Europe, yields on high-quality government bonds rose slightly. At 2.66%, 10-year German government bonds yielded 8 basis points higher than in the previous month. In contrast, yields on their US counterparts fell by 18 basis points to 4.50% because Powell said an interest rate hike was unlikely. The yield on high-quality European corporate bonds remained virtually unchanged from the previous month at 3.92%, while their US counterparts were 21 basis points lower at 5.52%. European high-yield bonds benefited the most from the prospect of a key interest rate cut by the ECB in June. Their yield fell by 34 basis points to 6.61%, while that of their US counterparts fell by only 11 basis points to 8.00%. Gold rose by 1.78% to USD 2,326.99 per troy ounce in May. Shortly before the middle of the month, when hopes of interest rate cuts in the USA were high, a troy ounce briefly cost USD 2,425.