Lupus alpha Dividend Champions C
Lupus alpha Dividend Champions C
The Lupus alpha Dividend Champions focuses on selected European small and mid caps and selectively captures the associated size premium. The investment process systematically integrates the macroeconomic environment, including monetary and fiscal policy, geopolitical developments and key economic indicators. In addition, the portfolio can be flexibly expanded with large caps. A dynamic portfolio management approach with a high degree of flexibility enables a rapid adjustment of the allocation to changing market conditions. Dividends and/or share buybacks serve as an additional quality criterion. The focus, however, is not on the level of distributions but on sustainable capital allocation and the financial strength of companies.
The selection of the most attractive securities is based on a fundamental analysis that considers in particular the companies’ market position, management quality, earnings development and valuation and combines this with a top-down approach to identify the most compelling investment ideas.
- One of the largest and most experienced European small & mid cap investment teams
- More than 1,500 direct meetings per year with the top management of European small & mid caps
- High-conviction approach combining small & mid cap opportunities with the benefits of a dividend strategy and a dynamic allocation to global large caps
- Proven, quality-focused strategy with a diversified portfolio of fundamentally strong companies and integration of macroeconomic trends
The portfolio management teams draws upon all of Lupus alpha's specialist expertise in the small- and mid-cap segment:
FOCUSED TEAM
... and one of the largest small & mid cap teams in Europe
LONGSTANDING EXPERIENCE
... in the team and an excellent track record since 2001
DETAILED COMPANY KNOWLEDGE
... based on around 1,500 direct and personal company contacts per year
LARGE INVESTMENT UNIVERSE
... with around 2,000 individual stocks – ideal for stock picking to achieve alpha
Dividend strategy for small and mid cap
The Lupus alpha Dividend Champions gives investors access to the European small and mid cap universe in order to benefit from the return potential of Europe’s mid-sized companies and at the same time offers participation in global market developments through a flexible allocation to European large caps. The focus is on growth-oriented companies characterised by sustainable return of capital to shareholders through dividends and/or share buybacks., solid balance sheets and stable business models and that benefit from current market developments. It is ensured that dividend payments are funded from the companies’ ongoing earnings and do not come at the expense of their economic substance.
Investment is primarily made in selected European companies from the small and mid cap universe, thereby capturing the associated size premium. Small and mid caps have demonstrated their value to investors across different market environments. Particularly over longer periods, they make a valuable contribution to the positive performance of the overall portfolio and provide investors with access to a broad and diversified investment universe. The focus is on companies with a well-positioned market position, compelling earnings development and attractive valuations. At the same time, the macroeconomic environment, including monetary and fiscal policy, geopolitical developments and economic indicators, is systematically incorporated into the investment process in order to select companies that participate in current trends and market developments. With the Lupus alpha Dividend Champions, investors gain targeted exposure to these success stories and benefit from a strategy that combines growth and attractive distributions.
Global trends can emerge from disruptive technologies, geopolitical developments and changes in the macroeconomic environment and create additional return potential for investors. To participate in these developments, the Lupus alpha Dividend Champions dynamically integrates large caps into the investment portfolio in order to participate in global market movements and capture related opportunities. A dynamic portfolio management approach with a high degree of flexibility enables the allocation to be adjusted quickly to changing market conditions. This allows the fund to selectively capture opportunities across different market environments.
The fund primarily invests in European small & mid cap companies with structurally growing business models, attractive margins and strong competitive positions. The focus is on companies with stable business models that participate in capital market trends and are committed to dividend payments and/or sustainable share buyback programs financed from ongoing earnings.
Experienced fund manager
Fund manager Tobias Britsch has many years of experience in portfolio management of small & mid caps. Marcus Ratz is a partner at Lupus alpha and has been with the company since 2001. He has more than 20 years of experience in the asset management of small & mid caps.
Performance (gross in EUR)¹:
| from | to | Lupus alpha Dividend Champions C | Stoxx® Europe Total Market Small Net Return Index | |
|---|---|---|---|---|
| 1 month | 29.05.2026 | 30.06.2026 | -1.60 % | -3.43 % |
| 90 days | 01.04.2026 | 30.06.2026 | 12.10 % | 5.52 % |
| 1 year | 30.06.2025 | 30.06.2026 | 24.01 % | 11.13 % |
| 3 years | 30.06.2023 | 30.06.2026 | 28.34 % | 40.71 % |
| 5 years | 30.06.2021 | 30.06.2026 | 11.77 % | 24.11 % |
| this year | 30.12.2025 | 30.06.2026 | 13.49 % | 5.42 % |
| since inception | 05.12.2012 | 30.06.2026 | 279.14 % | 238.50 % |
| since inception p.a. | 05.12.2012 | 30.06.2026 | 10.32 % | 9.40 % |
| 12-month-timeframe (gross) | Lupus alpha Dividend Champions C | Stoxx® Europe Total Market Small Net Return Index |
|---|---|---|
| 30.06.2025 - 30.06.2026 | 24.01 % | 11.13 % |
| 30.06.2024 - 30.06.2025 | 6.83 % | 12.51 % |
| 30.06.2023 - 30.06.2024 | -2.42 % | 14.12 % |
| 30.06.2022 - 30.06.2023 | 7.19 % | 7.04 % |
| 30.06.2021 - 30.06.2022 | -18.75 % | -17.60 % |
| 30.06.2020 - 30.06.2021 | 44.13 % | 43.26 % |
| 30.06.2019 - 30.06.2020 | -7.22 % | -3.98 % |
| 30.06.2018 - 30.06.2019 | 7.70 % | -1.36 % |
| 30.06.2017 - 30.06.2018 | 10.15 % | 7.96 % |
| 30.06.2016 - 30.06.2017 | 22.05 % | 23.09 % |
Key Statistics³:
| as of | Lupus alpha Dividend Champions C | Stoxx® Europe Total Market Small Net Return Index | |
|---|---|---|---|
| Volatility p.a. | 30.06.2026 | 16.10 % | 16.18 % |
| Distribution | 15.12.2025 | 7.59 € | n.a. |
| Tracking Error | 30.06.2026 | 6.51 % | n.a. |
| Investment Quota | 30.06.2026 | 92.24 % | n.a. |
| Maximum Draw Down | 30.06.2026 | -40.13 % | n.a. |
Top ten holdings as of 30/06/2026
| ABN AMRO Bank NV |
| Bca Monte dei Paschi di Siena |
| Beijer Ref AB |
| EDP SA |
| Erste Group Bank AG |
| GEK TERNA SA |
| ING Groep N.V. |
| Sartorius Stedim Biotech |
| SPIE SA |
| TAG Immobilien AG |
| Total number of assets: 72 |
| Total weight of top ten: 16.38 % |
Sector allocation as of 30/06/2026
Country allocation as of 30/06/2026
Chances
- Promising upside potential of European small- and 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- and 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- and 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.
Current fund data as of 07/28/2026
Lupus alpha Dividend Champions C WKN : A1JDV6 | ISIN: DE000A1JDV61 | |
|---|---|
Currency
| EUR |
Issue price
| 299.53 |
Redemption price
| 285.27 |
Fund volume
| 119,95 Mio. |
Launch date
| December 05, 2012 |
Minimum investment amount
| 500,000 |
Distribution policy
| distribution |
Portfolio managers
| Tobias Britsch, Marcus Ratz |
Performance fee
| 20.0% |
Management fee
| 1.00% |
Redemption fee
| none |
Max. Initial Charge
| up to 5% |
High-Watermark
| no |
Benchmark
| STOXX Europe TMI Small Return Index |
Unit price determined
| daily |
Unit redemption possible
| daily |
Fund price publication
| |
Share class
| Institutional |
Total expense ratio (TER)
| 1.17% p.a. as of 12/31/2025 |
Current fund data as of 07/28/2026
Lupus alpha Dividend Champions R WKN : A1XDX7 | ISIN: DE000A1XDX79 | |
|---|---|
Currency
| EUR |
Issue price
| 167.34 |
Redemption price
| 159.37 |
Fund volume
| 119,95 Mio. |
Launch date
| February 29, 2016 |
Minimum investment amount
| none |
Distribution policy
| distribution |
Portfolio managers
| Tobias Britsch, Marcus Ratz |
Performance fee
| 17.5% |
Management fee
| 1.70% |
Redemption fee
| none |
Max. Initial Charge
| up to 5% |
High-Watermark
| no |
Benchmark
| STOXX Europe TMI Small Return Index |
Unit price determined
| daily |
Unit redemption possible
| daily |
Fund price publication
| |
Share class
| Retail |
Total expense ratio (TER)
| 1.86% p.a. as of 12/31/2025 |
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
- 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; 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.
Summary
The fund invests in attractive dividend stocks with a focus on the European small- and mid-cap universe. It promotes environmental and social characteristics in accordance with Article 8 of the EU Disclosure Regulation (Regulation (EU) 2019/2088), but does not aim for sustainable investments. Investments are made in securities selected based on sustainability principles. This involves applying exclusion criteria related to environmental (E), social (S), and governance (G) aspects. The fund does not invest in securities of companies engaged in controversial business sectors (e.g., controversial weapons), that violate international norms (e.g., OECD Guidelines), or have significant adverse impacts on specific sustainability factors (PAIs) (e.g., activities negatively affecting biodiversity-sensitive areas). Additionally, ESG criteria are integrated into the fundamental analysis, and influence on relevant ESG topics is exerted through an active engagement policy (engagement and voting rights).
Sustainability indicators are measured and evaluated based on external ESG data from MSCI. Data gaps are addressed through direct contact with companies or alternative data sources. Lupus alpha has integrated the relevant sustainability aspects of the strategy into its existing due diligence procedures for the selection and monitoring of investments to ensure compliance with the promoted characteristics.
More information is provided in the RTS template of the fund’s annual report, which can be found here.
History of Change
| 03/06/2025 | Creation of an independent ESG methodology for the Lupus alpha Dividend Champions, Editorial changes |
| 11/22/2024 | Editorial changes |
| 11/14/2024 | Initial version |
