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Information for Distribution partners



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The following website and its English contents are offered to provide a non-binding translation for information purposes.



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The respective funds may not be offered for sale within the USA or to U.S. citizens or to U.S. persons domiciled in the USA, nor be sold to the aforementioned. The following published documents and their content may not be distributed in the USA or in other countries in which the respective fund is not authorised for distribution. Please refer to the respective sales prospectuses of the particular investment funds for further details of relevant limitations.

Where the following website and its contents are offered in English, the purpose is merely to provide non-binding translations for information.

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Absolute Return Funds of Funds

Sauren Absolute Return

Sauren
ESG-Scoring

The Sauren ESG scoring process is designed to indicate the extent to which sustainability aspects are taken into account. You can find further information on Sauren’s ESG here.

Asset Allocation
as at 29.02.2024

Source: Sauren Fonds-Research AG

Investment Profile

Sauren Absolute Return is a conservative asset management fund of funds with an absolute return concept and is a suitable investment option to cover the absolute return segment with a longer-term investment horizon.

In the long term, the goal is attractive positive growth in euro relatively independent of the market trend.

The portfolio is broadly diversified and invested in absolute return funds with different asset classes and strategies. You will find detailed information about the investment opportunities in the current valid prospectus.

The choice of funds follows Sauren’s established person-related investment philosophy "We invest in fund managers – not funds", with its focus on the skills of the fund managers. The environment for volume is also analysed in detail.

Analysis of the most promising fund managers draws on experience from over 7,000 meetings. Every year, meetings are held with around 300 fund managers to monitor the quality of the selected fund managers and generate a steady stream of new and attractive investment ideas.

Portfolio

Asset Allocation as at 29.02.2024

  • Absolute Return Funds (Equity)8.8 %
  • Convertible Arbitrage Funds13.4 %
  • Absolute Return Funds (Bond)52.7 %
  • Event Driven Funds11.2 %
  • Equity Funds Long/Short8.0 %
  • Global Macro Funds5.5 %
  • Cash0.4 %

Source: Sauren Fonds-Research AG

Totals may not add up to 100 % due to rounding.

Top Holdings as at 29.02.2024

Helium Performance7.7 %
Ennismore European Smaller Companies Fund7.4 %
Helium Invest7.3 %
Lazard Rathmore Alternative Fund 6.1 %
BlueBay Global Sovereign Opportunities Fund5.5 %

Source: Sauren Fonds-Research AG

Performance

Performance of Sauren Absolute Return A as at 28.03.2024

The Investor would like to buy shares for 1,000.-- € and due to a 3.00% front-end load the total payable amount rises to 1,030.-- €. The gross performance (BVI method) is based on the published redemption prices of the Fund of Funds, which includes all costs incurred at the fund level (e.g. management fee), the net performance also includes the front-end load. The front-end load is only payable at the day of investment and therefore reduces the performance in the first year. In the following years no front-end load is considered, as such the net performance is not displayed in the bar chart as it is equal to the gross performance. Additional costs may be incurred at the investor level (e.g. custody costs). If the front-end load were taken into account in the line chart the performance in the chart would be lower.

TDue to its composition / the techniques used for its management, the fund is exposed to increased volatility; this means that unit prices may be subject to considerable upward and downward fluctuations, even within short periods of time.

* The chart shows the performance achieved under the same investment conditions of a unit class launched in 2009 of a fund previously existing in a different legal form until December 31, 2021. The Unit class is that of a fund that previously held another legal form, but was adapted in 2014 to meet European requirements for the funds business and has been UCITS-compliant since then.

Past performance is not a reliable indicator of future performance.
Source: Sauren Fonds-Research AG

Key figures as at 29.02.2024

Volatility
1 year, daily1.76%
3 years, monthly3.15%
5 years, monthly4.62%
Sharpe Ratio
3 years, monthly-0.02
5 years, monthly0.27
Value at Risk10 days20 days
95.0 % Confidence level-0.55%-0.78%
99.0 % Confidence level-0.80%-1.12%
99.9 % Confidence level-1.07%-1.51%

The volatility is calculated based on the historical fund prices over the stated time period. For 1 year the volatility is calculated using daily fund prices, for 3 and 5 years respectively it is based on the fund prices at month end. For the calculation of the Sharpe-Ratio the 1-Month-Euribor is defined as the risk free rate. The Value at Risk is calculated at the given confidence level and stated time period, based on the historical fund prices since inception.

Source: CleverSoft FondsDB & Sauren Fonds-Research AG

Key Facts

Synopsis (for further information see Factsheet & Sales prospectus)

Legal formInvestment fund in the form of a Fonds Commun de Placement (FCP)
Fund ManagerSauren Finanzdienstleistungen GmbH & Co. KG, Eckhard Sauren
CustodianDZ PRIVATBANK S.A., société anonyme
Asset ClassFund of Funds pursuing an absolute return strategy
Share ClassShare Class A
Share Class D
Share Class C
CurrencyEUR EUR CHF 
Dividend Policy1Accumulation Distribution Distribution 
Partial Tax Exemption for Private German Investors15 % (Minimum Equity Participation Rate2 of the fund: 25 %)15 % (Minimum Equity Participation Rate2 of the fund: 25 %)15 % (Minimum Equity Participation Rate2 of the fund: 25 %)
Launch Date30 December 2009
30 December 2009
10 February 2011
ISINLU0454070557LU0454071019LU0580226594
WKNA0YA5PA0YA5QA1H6AD
Front-end Load3.00%3.00%3.00%
Management Fee0.50% p.a.0.50% p.a.0.50% p.a.
Distribution Fee0.45% p.a.0.45% p.a.0.45% p.a.
Administration Fee3up to 0.09% p.a.up to 0.59% p.a.up to 0.09% p.a.
Performance Feenonenonenone
Minimum Investmentnonenonenone

1: For those share classes for which “Distribution” is indicated under “Dividend Policy”, the intention is to only distribute the potentially low taxable portion of the positive income pursuant to German tax law. The tax treatment is also dependent on the personal circumstances of the individual investor and may be subject to change in future.

2: The minimum equity participation rate is relevant for the German tax classification and does not offer a direct conclusion about the equity market exposure of the fund. The tax treatment is also dependent on the personal circumstances of the individual investor and may be subject to change in future.

3: From this fee, the management company as well as the central administration agent and the custodian are paid.

Opportunities1

  • Participation in appreciation of selected absolute return funds
  • In the long term, the goal is attractive positive growth in euro relatively independent of the market trend
  • Excess return over market average due to successful fund manager selection
  • Active fund of funds management and continuous monitoring of portfolio positions

Risks1

  • Risk of decrease in unit price due to general market risks (e.g. price, currency or liquidity risks)
  • Risks from the target funds selected for the fund of funds and the investment universe in the markets for equities, bonds, currencies or derivatives
  • Risks of increased fluctuations in the unit price due to possible use of derivatives
  • Specific risks of absolute return strategies (e.g. from derivatives)
  • In general, every investment carries the risk of capital loss
  • Risks that the investment policy goals of the fund of funds or target fund are not achieved



1: Comprehensive information regarding opportunities and risks can be found in the current sales prospectus (which is available in German only).

Sauren
ESG-Scoring

The Sauren ESG scoring process is designed to indicate the extent to which sustainability aspects are taken into account. You can find further information on Sauren’s ESG here.

Explanations of Sauren ESG-Scoring

The proprietary Sauren ESG scoring process is applied to all target funds. The process seeks to determine the extent to which the manager of a target fund includes environmental aspects, social aspects and principles of sustainable corporate governance (ESG) in their investment decisions, without the result having a direct impact on investment decisions at the fund of funds level. The ESG scoring process is not designed to serve as a seal of quality. Rather, it is aimed at raising awareness of ESG criteria and their inclusion amongst target fund managers. You can find further information on Sauren’s ESG here.

Downloads

PRIIP-KID / Key Information Documents (available only in German)

Tax data: (available only in German) see download area "Steuerliche Daten"

This is a marketing communication. Please refer to the current sales prospectus and to the Key Information Document, before making any final investment decisions.

This information constitutes neither an offer nor a solicitation to buy shares of any investment funds. Comprehensive information regarding opportunities and risks can be found in the current sales prospectus. Any investment application will be made solely on the basis of the information contained in the Key Information Document, the sales prospectus for that fund including all the terms of contract, the management regulation and the investment conditions, the most recently published and audited annual report and the last unaudited semi-annual report, which can be obtained in German from Sauren Fonds-Service AG, P.O. Box 10 28 54, 50468 Cologne, Germany (or online at www.sauren.de) and the custodian IPConcept (Luxemburg) S.A., société anonyme (or online at www.ipconcept.com) free of charge. The management company can decide to de-notify the arrangements made for the marketing of the funds pursuant to Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU. Further information on investor rights is available in German on the management company's website (https://www.ipconcept.com/ipc/de/anlegerinformation.html).