Sauren Emerging Markets Balanced

Portfolio

Asset Allocation as at 31.12.2019

Source: Sauren Fonds-Research AG

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

Top Holdings as at 31.12.2019

Source: Sauren Fonds-Research AG

Performance

Performance of Sauren Emerging Markets Balanced D as at 23.01.2020

Reference index (Sauren Fonds-Service AG): 40 % MSCI Emerging Markets Price Index (EUR), 40 % JPMorgan EMBIG Diversified Hedged (EUR) and 20 % HFRX Global Hedge Fund EUR Index. A Price Index (only considers the price of the components and) does not take dividends or other earnings into account. 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. Rebalancing every year at 31.12.

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.

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

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

Key figures as at 31.12.2019

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)

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 the appreciation of various asset classes in the emerging nations’ equities and bond markets.
• Greater opportunities for excess returns in the less efficient markets of the emerging nations.
• 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, particularly in emerging nations (e.g. political risks, inflation risks).
• Risk of increased fluctuations in the unit price (e.g. due to investment in emerging nations and securities with little liquidity.
• 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

Risk class (Assessment of the sales agent)³

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.