- Fund Portrait
- Asset Allocation
- Performance
- ESG
- Key Facts
- Opportunities & Risks
- Downloads
Investment Profile
Sauren Global Stable Growth seeks to achieve attractive growth with lower risk compared to the equities markets.
The broadly diversified portfolio has a global orientation and is primarily invested in equities funds, with a secondary focus on absolute return and bond funds. The broad diversification covering not only traditional asset classes such as bonds and equities but also absolute return modules allows Sauren Global Stable Growth 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 30.04.2022
- Bond Funds (flexible)2.9 %
- Equity Funds Global4.2 %
- Equity Funds Europe27.6 %
- Equity Funds USA14.1 %
- Equity Funds Japan5.0 %
- Equity Funds Asia6.1 %
- Equity Funds Gold Mines1.4 %
- Event Driven Funds8.2 %
- Equity Funds Long/Short8.2 %
- Global Macro Funds2.3 %
- Absolute Return Funds (Equity)13.5 %
- Absolute Return Funds (Bond)2.0 %
- Convertible Arbitrage Funds4.1 %
- Cash0.3 %
Source: Sauren Fonds-Research AG
Totals may not add up to 100 % due to rounding.
Top Holdings as at 30.04.2022
| Squad Growth | 6.8 % | |
|---|---|---|
| Brook Absolute Return Fund | 5.2 % | |
| Artemis US Select Fund | 4.7 % | |
| Brook European Focus Fund | 4.6 % | |
| JOHCM European Select Values Fund | 4.3 % |
Source: Sauren Fonds-Research AG
Performance
Performance of Sauren Global Stable Growth A as at 19.05.2022
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 of a Unit class launched in 2001, generated under identical investment conditions. 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. The performance of the fund was achieved before 15.12.2007 under circumstances which are no longer valid. The investment policy of the fund was changed on 15.12.2007 (which existed until then under the name "Sauren Global Small Cap").
Past performance is not a reliable indicator of future performance.
Source: Sauren Fonds-Research AG
Key figures as at 30.04.2022
| Volatility | |
|---|---|
| 1 year, daily | 7.86% |
| 3 years, monthly | 14.37% |
| 5 years, monthly | 12.25% |
| Sharpe Ratio | |
|---|---|
| 3 years, monthly | 0.43 |
| 5 years, monthly | 0.44 |
| Value at Risk | 10 days | 20 days |
|---|---|---|
| 95.0 % Confidence level | -2.87% | -4.06% |
| 99.0 % Confidence level | -4.03% | -5.70% |
| 99.9 % Confidence level | -5.33% | -7.54% |
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 D |
| Currency | EUR | EUR | EUR |
| Dividend Policy1 | Accumulation | Distribution | Distribution |
| Partial Tax Exemption for Private German Investors | 30 % (Minimum Equity Participation Rate2 of the fund: 51 %) | 30 % (Minimum Equity Participation Rate2 of the fund: 51 %) | 30 % (Minimum Equity Participation Rate2 of the fund: 51 %) |
| Launch Date | 28 December 2001 Changes were made to the Fund's investment policy on 15 December 2007. | 2 July 2014 | 11 October 2007 Changes were made to the Fund's investment policy on 15 December 2007. |
| ISIN | LU0136335097 | LU1057098110 | LU0318492419 |
| WKN | 791695 | A111TQ | A0MZ0U |
| Front-end Load | 5.00% | 5.00% | 0.00% |
| Management Fee | 0.65% p.a. | 0.65% p.a. | 0.65% p.a. |
| Distribution Fee | 0.55% p.a. | 0.55% p.a. | 0.85% p.a. |
| Administration Fee3 | up to 0.09% p.a. | up to 0.09% p.a. | up to 0.09% p.a. |
| Performance Fee | none | none | none |
| Minimum Investment | 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 various asset classes, with the focus on global equities markets.
- Attractive performance with reduced risk compared to the equities market.
- 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)
- Risk that the investment targets of the fund of funds or target funds are not reached
Risk and reward profile (in the meaning of the KIID/Wesentliche Anlegerinformationen)2
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Risk class (Assessment of the sales agent)3
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
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.
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 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 contracts and the management regulation, 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) or IP Concept (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.