Lupus alpha CLO High Quality Invest A

Lupus alpha CLO High Quality Invest A

Scroll down
WKN : A1XDX3 | ISIN: DE000A1XDX38

Lupus alpha CLO High Quality Invest A

Lupus alpha CLO High Quality Invest offers UCITS and VAG (German Insurance Supervision Act) compliant access to a diversified portfolio of secured corporate loans based on collateralised loan obligations (CLOs). The fund enables investors to achieve attractive returns at acceptable levels of risk with low interest rate sensitivity.

Highlights

  • Access to European CLO market and thus a broadly diversified European corporate loan portfolio

  • Transparency and liquidity of a UCITS IV-compliant mutual fund

  • Investments in investment grade sector ensure high levels of protection

  • High level of expertise from CLO portfolio management team

  • Compliant with German Insurance Supervision Act (VAG) (guarantee assets in accordance with German Investment Regulations – AnIV)
Team expertise

Lupus alpha CLO High Quality Invest is managed by a highly experienced team of CLO experts who have been working together successfully for more than a decade. The fund can also build on more than a decade of proven Alternative Solutions expertise of Lupus alpha:

EXPERIENCED TEAM

... with an average of 20 years of management experience

EXPERIENCED RISK MANAGEMENT

... methodically reliable and with an excellent track record in terms of default risk

ACCESS TO PROPRIETARY DATABASES

... with comprehensive market data

TRADING PROCESSES

... which are under the full control of their own portfolio management

Investment concept

Lupus alpha CLO High Quality Invest offers investors access to a diversified portfolio of secured corporate loans based on collateralised loan obligations (CLOs). CLOs are securitised investments in corporate loans issued by a securitisation vehicle that are assembled by asset managers and divided into tranches according to the level of credit risk of the investments in question. Although this mutual fund is tailored specifically to the needs of regulated institutional investors such as insurance companies, pension funds and pension schemes, it is also an attractive investment for non-regulated investors.

Each individual CLO is managed by a CLO manager. Lupus alpha CLO High Quality Invest selects the best CLOs from those available on the market according to specific criteria (e.g. cash flow stability or historic default rates).

The selection process for individual CLOs is divided into a number of stages:


In the first stage, managers assess the relative attractiveness of the CLOs available on the market based on comprehensive market research. Managers then assess the capital structure of each individual CLO using risk and return criteria while taking existing investment guidelines into account.

Active management of the loan pool (by the CLO manager) and the active selection of CLO tranches by Lupus alpha doubles the alpha potential.

Investment objective

The fund pursues a return target of money market + 3.0% p.a. that should be generated in the event of low single-digit volatility. Interest income is distributed regularly, providing investors with stable cash flows.

Our Portfolio managers

Experienced fund managers

Lupus alpha CLO High Quality Invest is managed by the Lupus alpha Credit team members, who have exceptional expertise and have already been working together successfully for more than a decade.

Michael Hombach
Portfolio Management Fixed Income Credit
Norbert Adam
Portfolio Management Fixed Income Credit
Stamatia Hagenstein
Portfolio Management Fixed Income Credit
Dr. Klaus Ripper
Portfolio Management Fixed Income Credit
Fund data
Performance since 01.07.2014: +1.75 %
As of: 31.07.2014

Performance (gross in EUR)¹:

201920202021
Jan 0.54 %1.56 %0.69 %
Feb 0.39 %-0.86 %-0.01 %
Mar 0.58 %-12.65 %-0.01 %
Apr 0.39 %8.54 %0.13 %
May 0.27 %4.92 %0.08 %
Jun 0.28 %0.36 %-0.03 %
Jul 0.25 %0.82 %0.29 %
Aug 0.18 %0.57 %0.09 %
Sep 0.22 %0.75 %n.a.
Oct -0.21 %0.04 %n.a.
Nov -0.10 %0.78 %n.a.
Dec 0.01 %0.63 %n.a.
Year 2.84 %4.17 %n.a.

fromtoLupus alpha CLO High Quality Invest A
1 month 30.07.202131.08.20210.09 %
90 days 02.06.202131.08.20210.34 %
1 year 31.08.202031.08.20213.47 %
3 years 31.08.201831.08.20216.93 %
5 years 31.08.201631.08.202110.86 %
this year 30.12.202031.08.20211.23 %
since inception 01.07.201531.08.202110.99 %
since inception p.a. 01.07.201531.08.20211.70 %

12-month-timeframe (gross)Lupus alpha CLO High Quality Invest A
31.08.2020 - 31.08.20213.47 %
31.08.2019 - 31.08.20201.83 %
31.08.2018 - 31.08.20191.54 %
31.08.2017 - 31.08.20180.48 %
31.08.2016 - 31.08.20173.18 %
31.08.2015 - 31.08.20160.24 %

Key Statistics³:

as ofLupus alpha CLO High Quality Invest A
Volatility p.a. 31.08.20214.22 %
Maximum Draw Down 90 Days 31.08.2021-14.12 %
Sharpe Ratio 31.08.20210.49
Distribution 16.12.20201.50 €
Modified Duration 31.08.20211.90
Ø Coupon 31.08.20212.32 %
Ø Yield (YtM) 31.08.20212.40 %

Top ten holdings as of 31/08/2021

% Fund
JUBI.CLO 13-X 21/34 FLR C4.05%
ICGEOCLO21-1 21/34 C FLR4.04%
BAR.EO 21-2 21/34 FLR C4.04%
F.OAKS FD.II 21/34 FLR B1R4.03%
OAK HIL.VIII 21/35 A REGS4.03%
HAL.LN.AEF 18-1 18/21 FLR C4.02%
BAIN C. 19-1 19/32 FLR C3.03%
HALCD 16 18/31 FLR C REGS3.03%
PURPLE FIN.2 19/32 FLR D3.03%
GR.HARB.19-1 19/32 A3.03%

Maturity of CLO´s as of 31/08/2021

Ratingstucture as of 31/08/2021

Chances

  • Provides access to the European corporate loan market.
  • Combines the performance potential of corporate loans with high default protections ( investment grade segment).
  • By buying loans indirectly via CLOs, one can create a liquid portfolio that meets the requirements set out by UCITS and VAG.
  • Low dependency to general interest rate trends.
  • Decent yield through ongoing coupon payment in the portfolio

 

Risks

  • Counterparty default risk: If counterparties and issuers do not fulfill or only partially fulfill their contractual payment obligations, this can result in losses for the fund. Even when securities are carefully selected, losses caused by the financial collapse of issuers cannot be ruled out.
  • Concentration risk: If investment is concentrated on particular assets or markets, the fund becomes particularly heavily dependent on the performance of these assets or markets.
  • Operational risk: The fund can become the victim of fraud, criminal acts or errors by company employees or external third parties. Finally, management of the fund can be negatively 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.
  • Interest-rate risk: Changes in market interest rates can affect the prices of fixed-income securities. These fluctuations vary, however, depending on the term of the fixed-income securities.
  • Market Risk: The performance of financial products depends on the development of the capital markets.

Current fund data as of 09/17/2021

Lupus alpha CLO High Quality Invest A
WKN : A1XDX3 | ISIN: DE000A1XDX38
Currency
EUR
Issue price
107,28
Redemption price
103,15
Fund volume
49,68 Mio.
Launch date
01. July 2015
Minimum investment amount
1.000
Distribution frequency
distribution
Portfolio managers
Michael Hombach , Norbert Adam , Stamatia Hagenstein , Dr. Klaus Ripper
Administration fee
0,6 %
Subscription fee
up to 4 %
Redemption fees
up until 0.5 % of unit value above €1 million (Fund inflows)
Fund price publication
www.fundinfo.com

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

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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
  6. Distributing Funds do not reinvest the generated income, they pay out the income to the investor.
Funds overview
WKN: A0Q7VN | ISIN: LU0381944619
115.87 EUR
NAV
+0.77 %
T-1
+11.84 %
YTD
n.a.
5 Years
More information
WKN: A0M99W | ISIN: LU0329425713
134.09 EUR
NAV
+0.95 %
T-1
+14.99 %
YTD
+40.36 %
5 Years
More information
WKN: A1JDV6 | ISIN: DE000A1JDV61
320.08 EUR
NAV
-0.15 %
T-1
+33.9 %
YTD
+85.15 %
5 Years
More information
WKN: A1XDX7 | ISIN: DE000A1XDX79
185.32 EUR
NAV
-0.18 %
T-1
+33.39 %
YTD
+79.81 %
5 Years
More information
WKN: A2JB8X | ISIN: LU1891775774
199.74 EUR
NAV
+0.26 %
T-1
+33.7 %
YTD
n.a.
5 Years
More information
WKN: A2JB8Y | ISIN: LU1891775857
206.18 EUR
NAV
+0.26 %
T-1
+34.42 %
YTD
n.a.
5 Years
More information
WKN: A0EAM5 | ISIN: LU0218245263
278.49 EUR
NAV
+0.3 %
T-1
+35.73 %
YTD
+217.81 %
5 Years
More information
WKN: 974564 | ISIN: LU0129233093
576.32 EUR
NAV
-0.4 %
T-1
+19.55 %
YTD
+105.23 %
5 Years
More information
WKN: 940640 | ISIN: LU0129233507
648.62 EUR
NAV
-0.4 %
T-1
+20.19 %
YTD
+112.18 %
5 Years
More information
323.12 EUR
NAV
-0.3 %
T-1
+21.46 %
YTD
+87.49 %
5 Years
More information
366.61 EUR
NAV
-0.31 %
T-1
+22 %
YTD
+94.08 %
5 Years
More information
256.97 EUR
NAV
-0.25 %
T-1
+24.97 %
YTD
+97.83 %
5 Years
More information
132.37 EUR
NAV
-0.26 %
T-1
+24.62 %
YTD
n.a.
5 Years
More information
WKN: A2H7DG | ISIN: LU1717012527
119.73 EUR
NAV
+0.23 %
T-1
-0.93 %
YTD
n.a.
5 Years
More information
WKN: A2DJR6 | ISIN: LU1535992389
130.52 EUR
NAV
+0.23 %
T-1
-0.51 %
YTD
n.a.
5 Years
More information
WKN: A2DTNQ | ISIN: DE000A2DTNQ7
120.97 EUR
NAV
-0.03 %
T-1
+1.63 %
YTD
n.a.
5 Years
More information
WKN: A2DTNW | ISIN: DE000A2DTNW5
104.8 EUR
NAV
-0.04 %
T-1
+1.5 %
YTD
n.a.
5 Years
More information
WKN: A0MS72 | ISIN: DE000A0MS726
127.39 EUR
NAV
-0.31 %
T-1
+3.74 %
YTD
+26.24 %
5 Years
More information
WKN: A0MS73 | ISIN: DE000A0MS734
60.51 EUR
NAV
-0.31 %
T-1
+3.17 %
YTD
+20.59 %
5 Years
More information
WKN: A2DTNX | ISIN: DE000A2DTNX3
106.86 EUR
NAV
-0.59 %
T-1
+6.8 %
YTD
n.a.
5 Years
More information
WKN: A0HHGG | ISIN: DE000A0HHGG2
108.7 EUR
NAV
-0.29 %
T-1
+7.25 %
YTD
+7.82 %
5 Years
More information
WKN: A2DTNU | ISIN: DE000A2DTNU9
99.07 EUR
NAV
-0.29 %
T-1
+5.82 %
YTD
n.a.
5 Years
More information
WKN: A1J9DU | ISIN: DE000A1J9DU7
115.86 EUR
NAV
-0.41 %
T-1
+10.64 %
YTD
+9.32 %
5 Years
More information
WKN: A2DTNT | ISIN: DE000A2DTNT1
101.91 EUR
NAV
-0.41 %
T-1
+10.89 %
YTD
n.a.
5 Years
More information
WKN: A1XDX3 | ISIN: DE000A1XDX38
103.15 EUR
NAV
+0.02 %
T-1
+1.27 %
YTD
+10.67 %
5 Years
More information