| Sauren Global Hedgefonds | Factsheet Share Class A (end of month) |
- Fund Portrait
- Asset Allocation
- Performance
- ESG
- Key Facts
- Opportunities & Risks
- Downloads
Investment Profile
Sauren Global Hedgefonds is a broadly diversified fund of hedge funds and is suitable for covering the hedge fund segment in a portfolio with a longer-term investment horizon.
Sauren Global Hedgefonds seeks to achieve an attractive positive yield with little dependence to the market trend.
The portfolio is invested in hedge funds with different investment styles, strategies and universes. 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 18.09.2023
- Hedge Funds Strategies Long/Short Equity (long bias)5.3 %
- Hedge Funds Strategies Long/Short Equity (flexible)41.1 %
- Hedge Funds Strategies Event Driven15.6 %
- Hedge Funds Strategies Long/Short Credit18.9 %
- Cash19.2 %
Source: Sauren Fonds-Research AG
Totals may not add up to 100 % due to rounding.
Top Holdings as at 18.09.2023
| Credit Alpha Long Short Fund | 18.4 % | |
|---|---|---|
| KL Special Opportunities Fund | 15.6 % | |
| Parus Fund | 14.0 % | |
| Ennismore European Smaller Companies Hedge Fund | 13.9 % | |
| Otus Smaller Companies Fund | 13.1 % |
Source: Sauren Fonds-Research AG
Performance
Performance of Sauren Global Hedgefonds A as at 18.09.2023
The unit price of Sauren Global Hedgefonds, calculated as at the twelfth bank working day of the month in Luxembourg (as at the tenth bank working day in Luxembourg until December 2009), is based on the most recently available unit prices of the target funds, which are usually established on the last day of the month. The unit price calculated for Sauren Global Hedgefonds therefore essentially reflects market performance in the previous month.
The Investor would like to buy shares for 1,000.-- € and due to a 5.00% front-end load the total payable amount rises to 1,050.-- €. 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 share class was launched in 2004.
Past performance is not a reliable indicator of future performance.
Source: Sauren Fonds-Research AG
Key figures as at 18.09.2023
| Volatility | |
|---|---|
| 1 year, daily | 2.85% |
| 3 years, monthly | |
| 5 years, monthly |
| Sharpe Ratio | |
|---|---|
| 3 years, monthly | |
| 5 years, monthly |
| Value at Risk | 10 days | 20 days |
|---|---|---|
| 95.0 % Confidence level | -5.91% | -8.36% |
| 99.0 % Confidence level | -8.59% | -12.14% |
| 99.9 % Confidence level | -11.59% | -16.39% |
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)
| Administrator | IPConcept (Luxemburg) S.A., société anonyme | |
|---|---|---|
| Investment Advisor | Sauren Finanzdienstleistungen GmbH & Co. KG, Eckhard Sauren | |
| Custodian | DZ PRIVATBANK S.A., société anonyme | |
| Asset Class | Fund of Hedge Funds | |
| Share Class | Share Class A | Share Class I |
| Currency | EUR | EUR |
| Dividend Policy1 | Accumulation | Distribution |
| Partial Tax Exemption for Private German Investors | none (Minimum Equity Participation Rate2 of the fund: 0 %) | none (Minimum Equity Participation Rate2 of the fund: 0 %) |
| Launch Date | 27 July 2004 | 20 August 2014 |
| ISIN | LU0191372795 | LU0557954871 |
| WKN | A0CAV2 | A1C86N |
| Front-end Load | 5.00% | 0.00% |
| Investment Advisor Fee | 1.00% p.a. | 1.00% p.a. |
| Distribution Fee | 0.85% p.a. | 0.00% p.a. |
| Administration Fee | up to 0.125% p.a. | up to 0.13% p.a. |
| Custodian fee | up to 0.07% p.a. | up to 0.07% p.a. |
| Performance Fee | none | none |
| Minimum Investment | none | 1M Euro |
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.
Opportunities1
- Participation in the appreciation of selected hedge funds.
- Positive attractive yield with little dependence to 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 a loss in unit value due to general market risks (such as price, currency or liquidity risks)
- Risks arising from the target funds selected for the fund of funds and from the investment universe, including equity, bond, currency or derivative markets
- In general, every investment carries the risk of capital loss
- Risk of heightened unit price volatility due to the composition of the fund of hedge funds or the potential use of derivatives
- Special risks of hedge funds (e.g. leverage or short selling)
- Risk that the investment targets of the fund of hedge funds or target funds are not reached
1: Comprehensive information regarding opportunities and risks can be found in the current sales prospectus (which is available in German only).
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
Tax data: (available only in German) see download area "Tax Data"
This information is designed as product advertising.
This information constitutes neither an offer nor a solicitation to buy shares. Any investment application will be made solely on the basis of the information contained in the Key Information Document (PRIIP-KID), 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 at https://www.ipconcept.com/ipc/de/anlegerinformation.html.
Warning issued by the German Federal Minister of Finance:
This fund invests in hedge funds that are not subject to statutory leverage or risk restrictions.