Lupus alpha All Opportunities Fund B

WKN: A0M 99W

ISIN: LU0329425713

Lupus alpha All Opportunities Fund1 combines long and short investments in a targeted manner. Its low-beta strategy is particularly suitable for investors wishing to generate positive added value over the long term from the alpha potential of small and mid caps with adequate returns and a low range of volatility.

Fund data

Current fund data as of 12/12/2018

Currency EUR
Issue price 117.37
Redemption price 111.78
Fund volume 237.91 Mio.
Launch date 21 January 2008
Minimum investment amount 7,500
Distribution frequency 9distribution
Portfolio managers Franz Führer
Performance fee 620%
Administration fee 51 %
Hurdle Rate 73M-Euribor + 2% p.a.
Subscription fee 45 %
High-Watermark 8 yes
Unit price determined daily
Fund price publication www.fundinfo.com
  • Source: Lupus alpha; gross performance (BVI method): The gross performance considers all costs incurred at Fund level (e. g. management fee) and assumes reinvestment of any distributions. Costs incurred at customer level such as sales charge and securities account costs are not included. Unless otherwise specified, all indicated performance data show the gross performance. Please note: Past per-formance is not a reliable indicator for future performance.
  • Source: Lupus alpha; the net performance assumes a model calculation based on an invested amount of EUR 1,000, the maximum sales charge and a redemption charge (see master data). It does not include individual costs of the investor, such as a securities account fee. (To this effect, please refer to the price list of your securities account provider.) Please note: Past performance is not a reliable indicator for future performance.
  • Volatility: Volatility is the range of variation of a security price or index around its mean value over a fixed period of time. A security is regarded as volatile if its price fluctuates heavily. Maximum loss 90 days: The maximum loss specifies an investor's potential loss if he had bought during the past 90 days at the highest price and sold at the lowest price. VaR 95 – 10: Value at Risk defines the level of loss which will not be exceeded within 10 days with a probability of 95%. VaR 99 – 10: Value at Risk defines the level of loss which will not be exceeded within 10 days with a probability of 99%. Sharpe Ratio: Sharpe Ratio is the excess return (Fund performance less money market rate) in relation to the range of variation (volatility) and shows the yield of the Fund per risk unit. The higher the Sharpe Ratio, the more yield has been generated in relation to the risk incurred. Maximum drawdown: The maximum drawdown is the largest percentage drop in value in a given period of time. It measures the amount the fund falls from its highest point to its lowest point in the selected timeframe.
  • The sales charge is the difference between the sales price and the unit value. The sales charge varies depending on the type of the Fund and the distribution channel and usually covers the advisory and distribution costs.
  • The management fee is the fee for managing the Fund and taken from the Fund's assets; it is paid to Lupus alpha for the management and administration of the Fund.
  • The performance fee is a performance-related remuneration depending on the performance or the achievement of specific objectives such as a better performance compared to a benchmark. The costs may also be levied if a pre-defined minimum performance has been achieved.
  • The hurdle rate means a specific minimum interest and/or profit threshold a Fund has to achieve in order to allow the investment company to participate in the Fund's profit.
  • Performance fees of investment companies are frequently bound by a high wa-termark - the all-time high of the Fund. This means that a commission entitlement arises only if that mark has been exceeded.
  • Distributing Funds do not reinvest the generated income, they pay out the income to the investor.
  • The pairs trade or pair trading is a market neutral trading strategy enabling traders to profit from virtually any market conditions: uptrend, downtrend, or sideways movement. This strategy is categorized as a statistical arbitrage and convergence trading strategy.
  • The correlation measures the strength of the statistical relationship between two variables. A positive correlation means "the more ... the more", a negative correlation means "the more ... the less". The value of correlation is in the range between -1 (completely opposed) and +1 (completely equal). Correlations are some kind of no-tice on but no evidence for causalities which mean proven cause-effect relation-ships.

Performance chart

Performance since 01.07.2014: +1.75 %
As of: 31.07.2014
Performance

Performance (gross in EUR):¹

201620172018
Jan-6.18 %2.35 %1.27 %
Feb1.44 %2.49 %0.90 %
Mar1.20 %-0.05 %-0.66 %
Apr4.75 %1.40 %0.34 %
May0.01 %1.97 %-0.47 %
Jun-4.18 %1.80 %-2.27 %
Jul1.47 %0.66 %1.70 %
Aug0.13 %0.23 %-0.38 %
Sep1.63 %1.12 %-0.33 %
Oct-0.30 %-0.29 %-1.06 %
Nov0.60 %-0.07 %-0.81 %
Dec4.72 %2.52 %n.a.
Year4.84 %15.01 %n.a.

fromtoLupus alpha All Opportunities Fund B
1 month31.10.201830.11.2018-0.81 %
90 days31.08.201830.11.2018-2.19 %
1 year30.11.201730.11.20180.64 %
3 years30.11.201530.11.201818.62 %
5 years29.11.201330.11.201833.91 %
this year29.12.201730.11.2018-1.83 %
since inception21.01.200830.11.2018127.86 %
since inception p.a.21.01.200830.11.20187.87 %

12-month-timeframe (gross)Lupus alpha All Opportunities Fund B
30.11.2017 - 30.11.20180.64 %
30.11.2016 - 30.11.201717.49 %
30.11.2015 - 30.11.20160.31 %
30.11.2014 - 30.11.20157.28 %
30.11.2013 - 30.11.20145.73 %
30.11.2012 - 30.11.201322.10 %
30.11.2011 - 30.11.201214.02 %
30.11.2010 - 30.11.2011-10.80 %
30.11.2009 - 30.11.20108.31 %
30.11.2008 - 30.11.200936.80 %

Key Risk ratios (gross):³

as ofLupus alpha All Opportunities Fund B
Volatility p.a.30.11.20187.96 %
Maximum Draw Down 90 Days30.11.2018-19.07 %
VaR 95 - 1030.11.2018-2.47 %
VaR 99 - 1030.11.2018-3.49 %
Sharpe Ratio30.11.20180.93
Maximum Draw Down30.11.2018-20.61 %
Avarage Equity Quote30.11.201829.25 %
Fund structure

Correlations? as of 30/11/2018

Stoxx® Europe TMI Small0.60
REXP-0.18

Sector allocation as of 30/11/2018

Country allocation as of 30/11/2018

Highlights
  • Low-beta strategy in European small- and mid-cap segment
  • Ability to exploit both rising and falling markets offers high degree of flexibility
  • Opportunity to participate in small- and mid-cap segment inefficiencies and short-term market opportunities
  • The fund offers the opportunity to use short strategies to hedge against negative market developments
  • Ability to exploit the exceptional expertise of one of Germany's largest small- and mid-cap teams
Awards

€uro Fund Award 2018:

winner in the category "Absolute Return Aktien",five-year performance 

winner in the category "Absolute Return Aktien", three-year performance

3rd place in the category "Absolute Return Aktien", one-year performance

€uro Fund Award 2017:

winner in the category "Absolute Return Aktien", five-year performance 

3rd place in the category "Absolute Return Aktien", three-year performance  

€uro Fund Award 2016:  

3rd place in the category "Absolute Return Aktien", three-year performance   

Team expertise

Lupus alpha All Opportunities Fund's low-beta strategy makes use of Lupus alpha's highly specialised expertise in the small- and mid-cap segment:

  • European small- and mid-cap team with nine specialists
  • Many years of experience and an exceptional track record
  • Wide range of monitored stocks/companies
  • Detailed knowledge gained from approximately 1,000 points of contact with companies each year
Investment concept

Low-beta strategy for small and mid caps

Lupus alpha All Opportunities Fund uses a low-beta strategy to invest in the European small- and mid-caps asset class. This approach uses both long and short investments to target significantly lower volatility than long-only strategies. The fund is able to exploit inefficiencies in the European equity markets. It uses a combination of different individual strategies, including pair trades10 in individual stocks and sectors as well as the use of short and medium-term trading opportunities. Within its investment universe of approximately 1,000 stocks, the fund provides a flexible opportunity to exploit equity market trends.

A stringent risk management process is used to monitor the portfolio structure and its various elements. Particularly important considerations include broad diversification, strict criteria when selecting individual stocks and regular Value at Risk calculations based on portfolio holdings. Regular stress tests are also carried out to enhance the risk monitoring of this low-beta strategy.

Investment objective

The fund aims to exceed the European equity market as well as the HFRU Equity Hedged Index in the long term.

 

Chances and Risks

The value of investments and the income from them can go down as well as up and you may get back less than the amount invested.

A full list of risks applicable to this fund can be found in the Prospectus.

Disclaimer

This fund information is provided for general information purposes. The fund is a mutual funds (“UCITS”) launched by Lupus alpha Investment GmbH in Germany or launched by Lupus alpha Investment S.A. in Luxembourg.

This information is not designed to replace the investor's own market research nor any other legal, tax or financial information or advice. The information presented does not constitute an invitation to buy or sell or investment advice. It does not contain all key information required to make important economic decisions and may differ from information and estimates provided by other sources or market participants. We accept no liability for the accuracy, completeness or topicality of this information. All statements are based on our assessment of the present legal and tax situation. All opinions reflect the current views of the portfolio manager and can be changed without prior notice. Full details of our funds and their licenses of distribution can be found in the relevant current sales prospectus and, where appropriate, Key Investor Information Document , supplemented by the latest audited annual report and/or half-year report. The relevant sales prospectus and Key Investor Information Documents prepared in German are the sole legally-binding basis for the purchase of funds managed by Lupus alpha Investment GmbH or Lupus alpha Investment S.A. You can obtain these documents free of charge from Lupus alpha Asset Investment GmbH, P.O. Box 11 12 62, 60047 Frankfurt am Main, upon request by calling +49 69 365058-7000, by emailing service@lupusalpha.de or via our website: www.lupusalpha.de.

If funds are licensed for distribution in  Austria the respective sales prospectus, Key Investor Information Document and the latest audited annual report or half-year report are available from the Austrian paying and information agent UniCredit Bank Austria AG based in A-1020 Viena, Rothschildplatz 1. Fund units can be obtained from banks, savings banks and independent financial advisors. Neither this fund information, nor its contents, nor any copy thereof may be sent to third parties, changed in any way or copied without the prior written consent of Lupus alpha Asset Management AG. By accepting this document you agree to comply with the provisions above. Subject to change without notice.

Awards

FWW FundStars® 5 SterneAlternative Investments Award 2018€uro Fund Award 2018€uro Fund Award 2017€uro Fund Award 2016Alternative Investments Award 2017Alternative Investments Award 2017

Portfolio Manager

Experienced fund manager

Franz Führer is a fund manager with considerable experience in small and mid caps, and has been with Lupus alpha since 2001.
 

Franz Führer
Portfolio Management Small & Mid Caps Europe