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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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Focus Funds of Funds

Sauren Global Defensiv Focus

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 30.11.2019

Source: Sauren Fonds-Research AG

Investment Profile

Sauren Global Defensiv Focus is a fund of funds with a conservative asset management approach. As a modern multi-asset strategy, it offers a broadly diversified and overall defensively structured portfolio.

Sauren Global Defensiv Focus invests mainly in other funds; such as absolute return, fixed-income, equity, and multi-strategy funds. The broad diversification, covering not only traditional asset classes such as bonds and equities but also absolute return modules, allows Sauren Global Defensiv Focus to be managed as a modern multi-asset-strategy. 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. Target fund selection also takes into account the extent to which a target fund includes environmental aspects, social aspects or principles of sustainable corporate governance in its investment decisions (“ESG” = environment, social, governance).

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 30.11.2019

  • Bond Funds (flexible)17.4 %
  • Equity Funds 4.0 %
  • Equity Funds Long/Short6.1 %
  • Event Driven Funds8.7 %
  • Global Macro Funds10.2 %
  • Absolute Return Funds (Equity)29.7 %
  • Absolute Return Funds (Bond)9.5 %
  • Alpha-Strategy8.2 %
  • Others4.0 %
  • Cash2.2 %

Source: Sauren Fonds-Research AG

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

Top Holdings as at 30.11.2019

Market Neutral Credit Fund6.4 %
KL Event Driven UCITS Fund5.1 %
BlueBay Global Sovereign Opportunities Fund5.1 %
H2O Adagio5.1 %
Butler Credit Opportunities UCITS Fund4.6 %

Source: Sauren Fonds-Research AG

Performance

Performance of Sauren Global Defensiv Focus A as at 13.12.2019

Neither the Sauren Financial Group® nor any third-party index provider or any other data provider give explicit or implicit warranties or representations regarding the performance and the data contained therein.

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.

The fund is subject to heightened volatility, due to composition. Consequently, unit price may fluctuate sharply in either direction within short periods of time.

* The Fund's performance before 14 October 2019 was delivered under conditions that are no longer valid. In particular, changes were made to the Fund's investment policy on 1 January 2018 and to the Fund's objectives on 14 October 2019.

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

Key figures as at 30.11.2019

Volatility
1 year, daily1.63%
3 years, monthly
5 years, monthly
Sharpe Ratio
3 years, monthly
5 years, monthly
Value at Risk10 days20 days
95.0 % Confidence level-0.53%-0.74%
99.0 % Confidence level-0.75%-1.06%
99.9 % Confidence level-1.00%-1.41%

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)

Investment companySauren
Fund ManagerSauren Finanzdienstleistungen GmbH & Co. KG, Eckhard Sauren
CustodianDZ PRIVATBANK S.A.
Asset ClassModern Multi-Asset-Fund of funds
Share ClassShare Class A
Share Class X
(Closed for new investments.)
CurrencyEUR EUR 
Dividend PolicyAccumulation Accumulation 
Partial Tax Exemption for Private German Investors15 % (Minimum Equity Participation Rate1 of the fund: 25 %)15 % (Minimum Equity Participation Rate1 of the fund: 25 %)
Launch Date20.12.2017 18.02.2008 
ISINLU1717046426LU0313461773
WKNA2H7ERA0MX7L
Front-end Load3.00%5.00%
Management Fee20.45% p.a.0.45% p.a.
Distribution Fee0.55% p.a.0.70% p.a.
Administration Fee3up to 0.09% p.a.up to 0.09% p.a.
Performance Feenonenone
Minimum Investmentnonenone

1: 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.

2: The fund management fee in percent reported here also includes the remuneration of the investment advisor.

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

Opportunities1

  • Participation in the appreciation of the different asset classes.
  • Attractive performance with defined return-risk profile.
  • 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.
  • Risks from the investment universe, including risks from the markets for equities, bonds, currencies or derivatives.
  • Specific risks of absolute return strategies (e.g. from derivatives).
  • Risks that the investment policy goals of the fund of funds or target fund are not achieved.

Risk and reward profile (in the meaning of the KIID/Wesentliche Anlegerinformationen)2

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Risk class (Assessment of the sales agent)3

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

2: The risk and reward profile uses a ratio based on volatilities (see the KIID/Wesentliche Anlegerinformationen). This risk indicator relies on historical data and cannot be used as a basis upon which to forecast future performance. 1 represents low risk and a potentially lower reward and 7 stands for high risk and a potentially higher reward.

3: The sales agent’s risk class assessment is not the same as the risk profile in the sales prospectus and the risk and reward profile in the KIID (Wesentliche Anlegerinformationen) and is carried out from the point of view of an investor whose base currency is the same as that of the share class. 1 stands for low risk, 7 for high risk. For example, an investor operating from the euro area who wishes to invest in the CHF share class must consider that the investment will also be subject to a currency risk.

Sauren
ESG-Scoring
Environment
Social
Governance

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

Target fund selection also takes into account the extent to which a target fund includes environmental aspects, social aspects or principles of sustainable corporate governance in its investment decisions (“ESG” = environment, social, governance). This means that target funds are subject to the Sauren ESG scoring process before any investment decision is made. The ESG scoring process is not designed to serve as a seal of quality. Rather, it is a measurement process with the sole objective of indicating the extent to which ESG aspects have been reflected/taken into account in the fund concerned. The fund takes the outcome of the process into account in its investment decisions and rules out investments in any target fund with an insufficient Sauren ESG score. You can find further information on Sauren’s ESG here.

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 KIID (Wesentliche Anlegerinformationen), the sales prospectus for that fund including all the terms of contract, the management regulation and articles of association, 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) free of charge.