- Fund Portrait
- Asset Allocation
- Key Facts
- Opportunities & Risks
The Sauren Global Moderate is a moderate asset management fund of funds. As a modern multi-asset strategy, it offers a broadly diversified portfolio with a moderate risk/return profile.
The Sauren Global Moderate is invested in absolute return funds, bond funds, equity funds and multi-strategy funds, among others. The broad diversification not only across traditional asset classes such as bonds and equities, but also across absolute return components enables Sauren Global Moderate 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.
Asset Allocation as at 31.01.2024
- Bond Funds (flexible)12.9 %
- Bond Funds Corporates16.8 %
- Equity Funds Global2.5 %
- Equity Funds Europe8.4 %
- Equity Funds USA7.0 %
- Equity Funds Japan1.5 %
- Equity Funds Asia1.9 %
- Event Driven Funds7.4 %
- Equity Funds Long/Short6.1 %
- Global Macro Funds4.5 %
- Absolute Return Funds (Equity)15.3 %
- Absolute Return Funds (Bond)3.6 %
- Convertible Arbitrage Funds9.7 %
- Others2.0 %
- Cash0.4 %
Source: Sauren Fonds-Research AG
Totals may not add up to 100 % due to rounding.
Top Holdings as at 31.01.2024
|Lazard Rathmore Alternative Fund
|BlueBay Global Sovereign Opportunities Fund
|FS Colibri Event Driven Bonds
Source: Sauren Fonds-Research AG
According to the EU-Directive „MiFID“ (Markets in Financial Instruments Directive) it ist not allowed to show performance values as long as the fund has less than 12 month price history.
Synopsis (for further information see Factsheet & Sales prospectus)
|Investment fund in the form of a Fonds Commun de Placement (FCP)
|Sauren Finanzdienstleistungen GmbH & Co. KG, Eckhard Sauren
|DZ PRIVATBANK S.A., société anonyme
|Multi-Asset Funds of Funds
|Share Class A
|Partial Tax Exemption for Private German Investors
|15 % (Minimum Equity Participation Rate1 of the fund: 25 %)
|30 December 2016
Changes were made to the Fund's objectives on 11 December 2023.
|up to 0.09% p.a.
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: From this fee, the management company as well as the central administration agent and the custodian are paid.
- Participation in the appreciation of the different asset classes
- Attractive performance with moderate 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
- 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).
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.
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 of any investment funds. Comprehensive information regarding opportunities and risks can be found in the current sales prospectus. 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 (https://www.ipconcept.com/ipc/de/anlegerinformation.html).