| Sauren Global Balanced | Factsheet Share Class A (daily basis) | Factsheet Share Class A (end of month) |
- Fund Portrait
- Asset Allocation
- Performance
- ESG
- Key Facts
- Opportunities & Risks
- Downloads
Investment Profile
Sauren Global Balanced is a fund of funds with a balanced asset management approach. As a modern multi-asset strategy, it offers a broadly diversified portfolio for investors with a long-term investment horizon.
Sauren Global Balanced invests mainly in other funds; such as equity, absolute return, and fixed-income funds. The broad diversification covering not only traditional asset classes such as bonds and equities but also absolute return modules allows Sauren Global Balanced 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.
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 30.11.2023
- Bond Funds (flexible)13.3 %
- Bond Funds Corporates10.4 %
- Equity Funds Global3.0 %
- Equity Funds Europe14.0 %
- Equity Funds USA9.7 %
- Equity Funds Japan3.3 %
- Equity Funds Asia3.9 %
- Equity Funds Materials/Gold Mines1.5 %
- Event Driven Funds6.0 %
- Equity Funds Long/Short6.8 %
- Global Macro Funds4.2 %
- Absolute Return Funds (Equity)12.6 %
- Absolute Return Funds (Bond)0.5 %
- Convertible Arbitrage Funds9.4 %
- Cash1.4 %
Source: Sauren Fonds-Research AG
Totals may not add up to 100 % due to rounding.
Top Holdings as at 30.11.2023
| Helium Performance | 5.3 % | |
|---|---|---|
| Ardtur European Focus Fund | 4.5 % | |
| Lazard Rathmore Alternative Fund | 4.5 % | |
| BlueBay Global Sovereign Opportunities Fund | 4.2 % | |
| Wellington Strategic European Equity Fund | 4.1 % |
Source: Sauren Fonds-Research AG
Performance
Performance of Sauren Global Balanced A as at 08.12.2023
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 chart shows the performance achieved under the same investment conditions of a unit class launched in 1999 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 30.11.2023
| Volatility | |
|---|---|
| 1 year, daily | 3.31% |
| 3 years, monthly | 5.65% |
| 5 years, monthly | 8.68% |
| Sharpe Ratio | |
|---|---|
| 3 years, monthly | 0.19 |
| 5 years, monthly | 0.33 |
| Value at Risk | 10 days | 20 days |
|---|---|---|
| 95.0 % Confidence level | -1.04% | -1.47% |
| 99.0 % Confidence level | -1.48% | -2.10% |
| 99.9 % Confidence level | -1.99% | -2.81% |
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 form | Investment fund in the form of a Fonds Commun de Placement (FCP) | |||
|---|---|---|---|---|
| Fund Manager | Sauren Finanzdienstleistungen GmbH & Co. KG, Eckhard Sauren | |||
| Custodian | DZ PRIVATBANK S.A., société anonyme | |||
| Asset Class | Multi-Asset Funds of Funds | |||
| Share Class | Share Class A | Share Class B | Share Class C | Share Class D |
| Currency | EUR | EUR | CHF | EUR |
| Dividend Policy1 | Accumulation | Distribution | Distribution | Distribution |
| Partial Tax Exemption for Private German Investors | 15 % (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 %) | 15 % (Minimum Equity Participation Rate2 of the fund: 25 %) |
| Launch Date | 31 December 1999 | 2 July 2014 | 10 February 2011 | 11 October 2007 |
| ISIN | LU0106280836 | LU1057097732 | LU0580224623 | LU0318491288 |
| WKN | 930920 | A111TP | A1H595 | A0MZ0S |
| Front-end Load | 5.00% | 5.00% | 5.00% | 0.00% |
| Management Fee | 0.50% p.a. | 0.50% p.a. | 0.50% p.a. | 0.50% p.a. |
| Distribution Fee | 0.45% p.a. | 0.45% p.a. | 0.45% p.a. | 0.75% p.a. |
| Administration Fee3 | up to 0.09% p.a. | up to 0.09% p.a. | up to 0.09% p.a. | up to 0.09% p.a. |
| Performance Fee | none | none | none | none |
| Minimum Investment | none | none | none | none |
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 the different asset classes
- Attractive performance with balanced 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 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
- Risk of heightened unit price volatility due to the composition of the fund of funds or the potential use of derivatives
- Special risks arising from absolute return strategies (e.g. from derivatives)
- In general, every investment carries the risk of capital loss
- Risk that the investment targets of the fund of 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 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. 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 at https://www.ipconcept.com/ipc/de/anlegerinformation.html.