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Information for Distribution partners



Please note that the translation of the German website into English is exclusively for sales partners in Germany.
The following website and its English contents are offered to provide a non-binding translation for information purposes.



This information is intended for distribution partners only and may not be disclosed to retail investors, potential retail Investors and professional clients.

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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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Multi-Asset Funds of Funds

Sauren Emerging Markets Balanced

Asset Allocation
as at 30.11.2018

Source: Sauren Fonds-Research AG

Investment Profile

Sauren Emerging Markets Balanced is a modern multi-asset fund of funds aimed at all significant asset classes in the emerging nations, for risk-tolerant investors with a long-term investment horizon.

Sauren Emerging Markets Balanced seeks to achieve sustainable excess returns over a balanced investment in the emerging markets’ equities and bond markets with narrower fluctuations.

The portfolio is a balanced investment in emerging nations’ equities, bond and absolute return funds. The broad diversification covering not only traditional asset classes such as bonds and equities but also absolute return modules allows Sauren Emerging Markets Balanced to be managed as a modern multi-asset-strategy.

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 6,000 meetings. Every year, meetings are held with around 350 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 30.11.2018

  • Bond Funds Emerging Markets Global11.9 %
  • Bond Funds Emerging Markets Corporates13.7 %
  • Bond Funds Emerging Markets Lokal Currency4.2 %
  • Equity Funds Emerging Markets Global7.0 %
  • Equity Funds Asia21.1 %
  • Equity Funds Eastern Europe2.1 %
  • Equity Funds Latin America5.3 %
  • Equity Funds Frontier Markets5.4 %
  • Equity Funds Emerging Markets Long/Short10.1 %
  • Absolute Return Funds (Bond Emerging Markets)16.6 %
  • Cash2.7 %

Source: Sauren Fonds-Research AG

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

Top Holdings as at 30.11.2018

Lazard Emerging Markets Bond Fund11.9 %
BlueBay Emerging Market Unconstrained Bond Fund9.8 %
BI Emerging Markets Corporate Debt Fund7.7 %
First State Asia Focus Fund7.0 %
RWC Global Emerging Markets Fund7.0 %

Source: Sauren Fonds-Research AG

Performance

Performance of Sauren Emerging Markets Balanced D as at 11.12.2018

Reference index: 40 % MSCI Emerging Markets Kursindex in Euro, 40 % JPMorgan EMBIG Diversified Hedged in Euro 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. 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 2018-11-30

Volatility
1 year, daily5.21%
3 years, monthly6.43%
5 years, monthly7.28%
Sharpe Ratio
3 years, monthly0.19
5 years, monthly0.31
Value at Risk10 days20 days
95.0 % Confidence level-1.84%-2.61%
99.0 % Confidence level-2.57%-3.63%
99.9 % Confidence level-3.38%-4.78%

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 ClassMixed Fund of Funds (emerging markets)
Share ClassShare Class D
Share Class C
CurrencyEUR CHF
Dividend Policy1Distribution Distribution 
Minimum Equity Participation Rate225% (15 % of the earnings of private investors will stay tax-exempt)25% (15 % of the earnings of private investors will stay tax-exempt)
Launch Date25.07.2011 25.07.2011
ISINLU0580224037LU0580224201
WKNA1H6AEA1H6AF
Front-end Load5.00%5.00%
Management Fee0.55% p.a.0.55% p.a.
Distribution Fee0.65% p.a.0.65% p.a.
Administration Fee3up to 0.09% p.a.up to 0.09% p.a.
Performance Feenonenone
Minimum Investmentnonenone

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.
  • Continuous optimisation of the portfolio through 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

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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.

Downloads

KIID / Wesentliche Anlegerinformationen (available only in German)

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

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.