Lupus alpha Dividend Champions C

WKN: A1JDV6

ISIN: DE000A1JDV61

Lupus alpha Dividend Champions offers investors the opportunity to develop an exposure to the European small- and mid-caps asset class with low volatility. The fund is therefore an interesting option for investors who are unwilling or unable to bear the full volatility risk associated with this asset class.

Fund data

Current fund data as of 01/19/2021

Currency	EUR
Issue price	254.73
Redemption price	242.60
Fund volume	349,10 Mio.
Launch date	05 December 2012
Minimum investment amount	500.000
Distribution frequency ⁷	distribution
Portfolio managers	Marcus Ratz, Jonas Liegl
Performance fee ⁶	20 %
Administration fee ⁵	1 %
Subscription fee ⁴	up to 5 %
Morningstar Rating	★★★★★
Benchmark	Stoxx Europe TMI Small Return Index
Unit price determined	daily
Unit redemption possible	daily
Share class	institutional
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 performance is not a reliable indicator the 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 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. The tracking error describes the standard deviation (volatility) between the Fund's performance and the performance of the benchmark index. The higher the tracking error, the more the performance of the Fund deviates from the performance of the benchmark index. The investment ratio means the part of the Fund that is not invested in cash. Beta is a measure of a stock's risk of volatility compared to the overall market. The market's beta coefficient is 1.00. Any stock with a beta higher than 1.00 is considered more volatile than the market, and therefore riskier to hold, whereas a stock with a beta lower than 1.00 is expected to rise or fall more slowly than the market. 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 Distributor will demand the sales charge at its own discretion.
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
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.
Distributing Funds do not reinvest the generated income, they pay out the income to the inve
Morningstar Rating™ Total: © (2019) Morningstar Inc. All Rights Reserved. The information contained herein: 1. is intended for Morningstar and/or its content providers. 2. may not be reproduced or distributed; and 3. their accuracy, completeness or timeliness is not guaranteed. Neither Morningstar nor their content providers are responsible for any damages or losses arising from the use of this information. Ratings related to the previous month.

Performance chart

1 month 6 months 1 year 5 years overall

Performance since 01.07.2014: +1.75 %

As of: 31.07.2014

Performance

Performance (gross in EUR):¹

	from	to	Lupus alpha Dividend Champions C	Stoxx® TMI Small Return Index
1 month	30.11.2020	30.12.2020	4.17 %	5.97 %
90 days	01.10.2020	30.12.2020	11.83 %	15.97 %
1 year	30.12.2019	30.12.2020	-5.97 %	4.27 %
3 years	29.12.2017	30.12.2020	19.03 %	18.55 %
5 years	30.12.2015	30.12.2020	43.06 %	35.84 %
this year	30.12.2019	30.12.2020	-5.97 %	4.27 %
since inception	05.12.2012	30.12.2020	171.25 %	135.28 %
since inception p.a.	05.12.2012	30.12.2020	13.16 %	11.18 %

12-month-timeframe (gross)	Lupus alpha Dividend Champions C	Stoxx® TMI Small Return Index
31.12.2019 - 31.12.2020	-5.97 %	4.27 %
31.12.2018 - 31.12.2019	38.77 %	32.86 %
31.12.2017 - 31.12.2018	-8.68 %	-14.27 %
31.12.2016 - 31.12.2017	18.66 %	15.59 %
31.12.2015 - 31.12.2016	1.36 %	-0.49 %
31.12.2014 - 31.12.2015	34.50 %	22.66 %
31.12.2013 - 31.12.2014	17.46 %	5.83 %
31.12.2012 - 31.12.2013	18.82 %	30.37 %

Key Risk ratios (gross):³

	as of	Lupus alpha Dividend Champions C	Stoxx® TMI Small Return Index
Volatility p.a.	30.12.2020	16.18 %	16.54 %
Distribution	16.12.2020	7.58 €	n.a.
Tracking Error	30.12.2020	6.22 %	n.a.
Investment Quota	30.12.2020	97.80 %	n.a.
Maximum Draw Down	30.12.2020	-40.13 %	n.a.

Fund structure

Top ten holdings as of 30/12/2020

D'Ieteren S.A.

DKSH Holding AG

Eckert & Ziegler AG

EMIS Group PLC

Glanbia Plc

Grafton Group Plc

JD Sports Fashion PLC

Nolato AB

Sa des Ciments Vicat

Software AG

Total stocks: 31

Total weight of top ten: 45.51 %

Sector allocation as of 30/12/2020

Country allocation as of 30/12/2020

Highlights

Participation in robust European small and mid caps with high dividends
Relatively steady cash flow with comparatively low volatility – even in times of crisis
Attractive long-term risk-return profile
Concentrated equity portfolio consisting of around 30 stocks
Stock selection carried out by a team of the most experienced small and mid-cap experts in Europe

Awards

€uro Fund Award 2020:

3rd place in the category "Aktienfonds Europa Nebenwerte" three-year performance

3rd place in the category "Aktienfonds Europa Nebenwerte" one-year performance

€uro Fund Award 2019:

3rd place in the category "Aktienfonds Europa Nebenwerte" five-year performance

3rd place in the category "Aktienfonds Europa Nebenwerte" one-year performance

€uro Fund Award 2017:

3rd place in the category "Aktienfonds Europa Nebenwerte" five-year performance

€uro Fund Award 2016:

3rd place in the category "Aktienfonds Europa Nebenwerte" one-year performance

Team expertise

The portfolio management teams draws upon all of Lupus alpha's specialist expertise in the small- and mid-cap segment:

Large 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

Dividend strategy for small and mid caps

Lupus alpha Dividend Champions pursues a dividend strategy and invests in European small- and mid-cap companies characterised by steady dividend histories, robust balance sheets and stable business models. The strategy is based on comprehensive analysis and fundamental valuation carried out by Lupus alpha's team of small- and mid-cap experts, who identify quality stocks from an investment universe comprising around 1,000 listed companies.

While dividend strategies are generally limited to the equity market segment for larger listed companies, Lupus alpha Dividend Champions enables investors to combine the potential outperformance of the small- and mid-cap market with the advantages of a dividend strategy.

Small and mid caps have demonstrated their added value for investors in various market phases and make a particularly positive contribution to overall portfolio performance over longer periods. Small- and mid-cap equities offer investors access to a broad and varied investment universe. Many of the companies in this sector have steadily improved their market positioning to become world market leaders, thereby providing a foundation for consistent dividend performance.

Studies show that dividends can comprise up to 70 per cent of the return on an equity investment even in difficult years on the stock markets.

Investment objective

The fund invests in small- and mid-cap European companies characterised by steady dividend payments, robust balance sheets and stable business models. With a concentrated equity portfolio of around 30 stocks, the fund aims to generate relatively steady cash flows with a lower volatility than the benchmark index even in times of crisis.

Chances and Risks

Chances

Promising upside potential of European Small & Mid Cap stocks.
Participation in fundamental and technical events of individual stocks.
You can benefit from the deep network that our fund managers foster with Small & Mid Cap companies of our investment universe.
The investment processenhances the security selection and ensures permanent monitoring of risks.
You can benefit from information advantages that arise from the lower analyst converage of Small & Mid Cap companies.

Risks

Risk of price changes: Experience shows that equities are subject to sharp price fluctuations and thus the risk of price declines. These fluctuations are particularly impacted by the earnings development of the issusing company as well as sector trends and overall economic development.
Concentration risk: If investment is concentrated on particualr assets or markets, the fund becomes particularly heavily dependent on the perfomrance of these assets or markets.
Operational risk: The fund can become the the vicitm of fraud, criminal acts or errors by company employees or external third parties. Finally, management of the fund can be negativley impacted by external events such as fires, natural disasters or similar.
Liquidity risk: If securities are traded in a relatively narrow market segment, it can be difficult to resell them in situations where there is insufficient liquidity.
Market risk: The performance of financial products depends on the development of the capital markets.
Currency risk: Changes in exchange rates can affect the price of fund shares.

Disclaimer

This fund information is provided for general information purposes. 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. You can obtain these documents free of charge from Lupus alpha Investment GmbH, P.O. Box 1112 62, 60047 Frankfurt am Main, Germany, upon request by calling +49 69 365058-7000, by e-mailing 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 Rothschildplatz 1, 1020 Vienna, Austria. Fund units can be obtained from banks, savings banks and independent financial advisors.

Neither this fund information nor its contents or a copy thereof may be amended, reproduced or transmitted to third parties in any way without the prior written consent of Lupus alpha Investment GmbH. By accepting this document, you declare your consent to comply with the aforementioned provisions. Subject to change without notice.

Lupus alpha Investment GmbH

Speicherstraße 49–51

D-60327 Frankfurt am Main

Awards

Current publications

Portfolio Manager

Experienced fund manager

Fund Manager Marcus Ratz is a Partner at Lupus alpha and has been working at the company since 2001. He has more than 15 years' experience in small- and mid-cap asset management. As small- and mid-cap fund manager Jonas Liegl has more than 10 years of experience in the analysis and portfolio management of European micro-, small- and mid-caps for large institutional mandates.