Lupus alpha Smaller German Champions A

WKN: 974564

ISIN: LU0129233093

Lupus alpha Smaller German Champions primarily invests in a selection of actively managed MDAX and SDAX shares. It provides investors with exposure to German companies which are extremely successful internationally and have been selected carefully using fundamental analyses with the objective of participating in their market success across the globe.

 

Fund data

Current fund data as of 11/20/2019

Currency EUR
Issue price 388.22
Redemption price 369.73
Fund volume 573.35 Mio.
Launch date 03 August 2001
Distribution frequency 7distribution
Portfolio managers Björn Glück, Peter C. Conzatti
Performance fee 617.5% of Outperformance
Administration fee 5up until 1.5 %
Subscription fee 45 %
Unit price determined daily
Unit redemption possible daily
Share class retail
Fund price publication www.fundinfo.com
Morningstar Rating⁸ ★★★★★
  • 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 performan
  • 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 cas
  • 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 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.
  • Distributing Funds do not reinvest the generated income, they pay out the income to the investor.
  • 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

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

Performance (gross in EUR):¹

fromtoLupus alpha Smaller German Champions A50% SDAX®
50% MDAX®
1 month 30.09.201931.10.20192.13 %2.55 %
90 days 02.08.201931.10.20193.76 %3.46 %
1 year 31.10.201831.10.20194.36 %6.15 %
3 years 31.10.201631.10.201926.43 %23.59 %
5 years 31.10.201431.10.201977.24 %67.67 %
this year 31.12.201831.10.201915.96 %20.99 %
since inception 03.08.200131.10.2019618.30 %391.79 %
since inception p.a. 03.08.200131.10.201911.41 %9.12 %

12-month-timeframe (gross)Lupus alpha Smaller German Champions A50% SDAX®
50% MDAX®
31.10.2018 - 31.10.20194.36 %6.15 %
31.10.2017 - 31.10.2018-10.20 %-8.47 %
31.10.2016 - 31.10.201734.90 %27.20 %
31.10.2015 - 31.10.20161.98 %2.44 %
31.10.2014 - 31.10.201539.71 %34.54 %
31.10.2013 - 31.10.20144.08 %0.50 %
31.10.2012 - 31.10.201337.22 %35.72 %
31.10.2011 - 31.10.201216.32 %17.89 %
31.10.2010 - 31.10.2011-0.49 %-2.17 %
31.10.2009 - 31.10.201033.30 %36.55 %

Key Risk ratios (gross):³

as ofLupus alpha Smaller German Champions A50% SDAX®
50% MDAX®
Volatility p.a. 31.10.201917.85 %18.06 %
Tracking Error 31.10.20194.41 %n.a.
Investment rate 31.10.201991.71 %n.a.
Fund structure

Top ten holdings as of 31/10/2019

Airbus Group SE
Bilfinger SE
Hellofresh AG
Instone Real Estate Group AG
Jenoptik AG
PUMA SE
Ströer SE & Co. KGaA
Symrise AG
TEAMVIEWER AG
Washtec AG
Total stocks: 79
Total weight of top ten: 24.77 %

Sector allocation as of 31/10/2019

Highlights
  • "Hidden gems" combined with robust, internationally well-positioned German mid-cap companies steeped in tradition
  • Consistent bottom-up approach
  • Attractive risk-return profile
  • Attractive long-term equity investment
  • Positive diversification into German and European large caps.
  • First-class fund management
Awards

€uro Fund Award 2019:

3nd place in the category "Aktienfonds Deutschland/Nebenwerte", ten-year performance

 

€uro Fund Award 2018:

2nd place in the category "Aktienfonds Deutschland/Nebenwerte", ten-year performance

 

€uro Fund Award 2017:

2nd place in the category "Aktienfonds Nebenwerte/Deutschland", ten-year performance 

3rd place in the category "Aktienfonds Nebenwerte/Deutschland", three-year performance

 

€uro Fund Award 2016:

winner in the category "Aktienfonds Nebenwerte/Deutschland", ten-year performance  

 

Morningstar-Award 2018/2017/2016/2015:

Best Germany Small/Mid-Cap Equity Fund

 

Team expertise

Lupus alpha has one of the largest and most experienced portfolio management teams in Europe for German small and mid caps. A large, focused team is a crucial factor for success in an active, fundamentally-based stock-picking process:

  • 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 across Europe each year
Investment concept

SDAX and MDAX shares – actively managed with a bottom-up strategy

Lupus alpha Smaller German Champions enables investors to primarily invest in SDAX and MDAX shares in a broad and internationally diversified manner by using an actively managed bottom-up strategy.

Both the MDAX and SDAX boast a wealth of internationally well-positioned companies. MDAX companies are characterised by a high degree of internationalisation and strong positioning in major export markets. They generate more than 50 per cent of revenue in the rest of Europe and other non-European markets. SDAX-listed companies are primarily characterised by moderate valuations and a good risk-return ratio.

Despite their often considerable size, many of these companies have retained the lean structures associated with mid caps. The MDAX and SDAX contain numerous world market leaders operating in attractive growth markets. As a result, they are more versatile than major companies during periods of economic downturn – strengths they have clearly demonstrated in recent years.

To filter out the most profitable stocks in this universe, the portfolio managers primarily rely on analyses from personal meetings with management and on-site company visits. This actively managed bottom-up strategy provides investors with access to the alpha potential of attractive SDAX and MDAX stocks. It offers exceptional international diversification, especially considering it is a country fund.

Investment objective

The fund's investment objective is to outperform the benchmark (a 50/50 split between the MDAX and SDAX Performance Index) over the long term using targeted stock-selection. The sector allocation of the benchmark index is only of secondary importance.

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

Morningstar Award 2018Morningstar Award 2017Morningstar Award 2016€uro Fund Award 2019€uro Fund Award 2018€uro Fund Award 2017€uro Fund Award 2016FWW FundStars® 4 Sterne

Portfolio Manager

Experienced fund managers

 

Fund Manager Björn Glück has more than 10 years' experience managing small- and mid-cap strategies and has been working with Lupus alpha since 2005. Peter C. Conzatti is one of the most experienced small- and mid-cap managers in Germany, and has also been with Lupus alpha since 2005.

 

 

Björn Glück
CFA, Portfolio Management Small & Mid Caps Europe


Peter C. Conzatti
Portfolio Management Small & Mid Caps Europe