- Fund Portrait
- Asset Allocation
- Key Facts
- Opportunities & Risks
Sauren Nachhaltig Ausgewogen is a fund of funds with a balanced sustainability approach. As a modern multi-asset strategy, it offers a broadly diversified portfolio for investors with a long-term investment horizon.
Sauren Nachhaltig Ausgewogen 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 Nachhaltig Ausgewogen 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. Target fund selection takes into account the extent to which a target fund includes environmental aspects, social aspects or principles of sustainable corporate governance in its investment decisions (“ESG” = environment, social, governance).
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 31.08.2022
- Bond Funds (flexible)10.6 %
- Equity Funds Global5.0 %
- Equity Funds Europe14.2 %
- Equity Funds USA7.5 %
- Equity Funds Japan3.0 %
- Equity Funds Asia2.9 %
- Event Driven Funds13.1 %
- Equity Funds Long/Short4.2 %
- Absolute Return Funds (Equity)19.5 %
- Absolute Return Funds (Bond)5.7 %
- Convertible Arbitrage Funds7.0 %
- Others3.7 %
- Cash3.7 %
Source: Sauren Fonds-Research AG
Totals may not add up to 100 % due to rounding.
Top Holdings as at 31.08.2022
|KL Event Driven UCITS Fund||8.3 %|
|BlueBay Investment Grade Absolute Return ESG Bond Fund||5.7 %|
|Squad Green Balance||5.7 %|
|Ramius Merger Arbitrage UCITS Fund||4.8 %|
|Ennismore European Smaller Companies Fund||4.5 %|
Source: Sauren Fonds-Research AG
Performance of Sauren Nachhaltig Ausgewogen A as at 23.09.2022
The Investor would like to buy shares for 1,000.-- € and due to a 3.00% front-end load the total payable amount rises to 1,030.-- €. 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 2008. 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 Fund's performance before 14 October 2019 was delivered under conditions that are no longer valid. Changes were made to the Fund's investment policy on 1 January 2018 and to the Fund's investment objectives on 16 December 2017 (before that date, the name of the Fund was “Sauren Zielvermögen 2040”), as well as on 14 October 2019.
Past performance is not a reliable indicator of future performance.
Source: Sauren Fonds-Research AG
Key figures as at 31.08.2022
|1 year, daily||5.59%|
|3 years, monthly||9.16%|
|5 years, monthly||7.84%|
|3 years, monthly||0.55|
|5 years, monthly||0.50|
|Value at Risk||10 days||20 days|
|95.0 % Confidence level||-1.97%||-2.78%|
|99.0 % Confidence level||-2.73%||-3.86%|
|99.9 % Confidence level||-3.59%||-5.07%|
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
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 3F||Share Class D|
|Dividend Policy1||Accumulation||Distribution (fix 3 % p. a.)||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 %)|
|Launch Date||18 February 2008|
Changes were made to the Fund's investment policy on 1 January 2018 and to the Fund's objectives on 16 December 2017, as well as on 14 October 2019.
|29 March 2021||18 January 2022|
|Management Fee||0.50% p.a.||0.50% p.a.||0.50% p.a.|
|Distribution Fee||0.65% p.a.||0.65% 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.|
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. However, for unit class 3F “Distribution (fixed at 3% p.a.)” is indicated since, regardless of income and performance, 3% of the net asset value at the financial year-end for the unit class is distributed. 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.
- Participation in the appreciation of the different asset classes.
- Attractive performance with defined return-risk profile over time.
- Excess return over market average due to successful fund manager selection.
- Active fund of funds management and continuous monitoring of portfolio positions.
- Consideration of sustainability criteria in the context of investments.
- 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 of a discrepancy between the actual investments of the fund and the investor's expectations regarding sustainability
- Taking sustainability aspects into account may negatively affect the fund’s performance
- 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
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.
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
Target fund selection takes into account the extent to which a target fund includes environmental aspects, social aspects or principles of sustainable corporate governance in its investment decisions (“ESG” = environment, social, governance). This means that target funds are subject to the Sauren ESG scoring process before any investment decision is made. The ESG scoring process is not designed to serve as a seal of quality. Rather, it is a measurement process with the sole objective of indicating the extent to which ESG aspects have been reflected/taken into account in the fund concerned. The fund takes the outcome of the process into account in its investment decisions and rules out investments in any target fund with an insufficient Sauren ESG score. You can find further information on Sauren’s ESG here.
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.