Lupus alpha Equity Protect R
Lupus alpha Equity Protect R
The Lupus alpha Equity Protect enables investors to participate in the earnings opportunities of the global equity markets. This diversification of return sources and active management of portfolio risk can limit the risk of loss and optimise risk-return profiles.8 The fund is implemented via equities and exchange-traded derivatives (futures, options).
The performance is shown after a term of 12 months. For further information please contact us on +49 69 365058-7000 or info@lupusalpha.de.
- Participation in global stock markets - without compromising sustainability
- Active management of portfolio risk with the intention to limit intrayear losses
- Sustainable implementation of the successful strategy
- Investment in liquid, exchange-traded stocks and derivatives only
Lupus alpha Equity Protect implements the long-standing proven strategy of Lupus alpha Return in a more offensive manner and is aimed at investors with higher or equity-like return expectations over the long term. It is the result of years of close cooperation between the responsible management team, which has not changed since 2007. Implementation strategies have been continuously developed. In addition, the responsible managers can draw on Lupus alpha's proven expertise in the area of Alternative Solutions:
EXPERIENCED TEAM
... from 15+ specialists with an average of 15+ years of experience
PROPRIETARY VALUATION MODEL
... for the assessment of opportunities and risks
INHOUSE QUANTITATIVE MODELS
... for data and scenario analyses
BACKTESTING METHODS
... which are constantly critically scrutinized and further developed
Lupus alpha Equity Protect: Risk-conscious investing
While traditional equity investments offer attractive returns over the long run, they might be accompanied by untenable, short-term risk that not all investors might be willing to take on. The strategy of the Lupus alpha Equity Protect addresses that point. It allows risk-conscious investors to participate in the return potential of global stock markets – while actively managing portfolio drawdown risks to a maximum of 25% of the invested capital per calendar year.8 To this end, the fund uses equities (more than 50% of the fund assets) as well as exchange-listed derivatives on global equities and equity indices (especially futures and options). A portfolio of liquid bonds with high credit ratings forms the basis for this.
The fund's equity exposure is globally oriented and is determined on a discretionary basis by the responsible portfolio managers. The equity sensitivity of the portfolio is intended to be around 100% on average and is regularly adjusted following analyses of the market environment, volatility structure and the distance to the lower value limit. At the same time, the limit gives the portfolio management the necessary risk leeway to be able to achieve or exceed its target return instead of having to reduce risk at an early stage.
The global orientation of the portfolio not only opens up attractive return opportunities for investors in the Lupus alpha Equity Protect, but also significant diversification benefits.
Environmental, social and governance (ESG) standards are also taken into account when implementing the strategy.
The objective of the fund is to participate in the earnings opportunities of the global equity markets and in this way to outperform the benchmark index (MSCI World 100% Hedged to EUR Net Total Return Index) over the long term. By actively managing the risk, the maximum calendar-year loss8 in the event of negative market development is to be limited to -25%.
Experienced fund managers
As Portfolio Manager and Head of quantitative analysis in the Alternative Solutions division, Marvin Labod is responsible for value protection concepts, overlay mandates and derivative volatility strategies. The team is expanded by Alexander Raviol, who is a partner at Lupus alpha and responsible for portfolio management in the Alternative Solutions division. He brought many years of capital market experience with him when he joined Lupus alpha in 2006. The team is supported by Mark Ritter, who has been with Lupus alpha since 2004. He has broad experience in portfolio management and portfolio implementation. Stephan Steiger completes this team with his international experience in managing derivatives portfolios. He is responsible for volatility strategies and value protection concepts.
Performance (gross in EUR)¹:
| from | to | Lupus alpha Equity Protect R | MSCI World 100% Hedged to EUR Net Total Return Index | |
|---|---|---|---|---|
| 1 month | 28.04.2023 | 31.05.2023 | -0.64 % | -0.31 % |
| 90 days | 02.03.2023 | 31.05.2023 | -0.49 % | 3.20 % |
| 1 year | 31.05.2022 | 31.05.2023 | -8.12 % | 1.00 % |
| 3 years | n.a. | n.a. | n.a. | n.a. |
| 5 years | n.a. | n.a. | n.a. | n.a. |
| this year | 30.12.2022 | 31.05.2023 | 4.90 % | 8.15 % |
| since inception | 09.11.2021 | 31.05.2023 | -20.61 % | -10.69 % |
| since inception p.a. | 09.11.2021 | 31.05.2023 | -13.78 % | -7.01 % |
| 12-month-timeframe (gross) | Lupus alpha Equity Protect R | MSCI World 100% Hedged to EUR Net Total Return Index |
|---|---|---|
| 31.05.2022 - 31.05.2023 | -8.12 % | 1.00 % |
Key Statistics³:
| as of | Lupus alpha Equity Protect R | MSCI World 100% Hedged to EUR Net Total Return Index | |
|---|---|---|---|
| Volatility p.a. | 31.05.2023 | 13.80 % | 18.06 % |
| Maximum Draw Down 90 Days | 31.05.2023 | -15.71 % | n.a. |
| VaR 95 - 10 | 31.05.2023 | -6.91 % | n.a. |
| VaR 99 - 10 | 31.05.2023 | -9.78 % | n.a. |
| Sharpe Ratio | 31.05.2023 | n.a. | n.a. |
Allocation of Risk Exposure as of 31/05/2023
Top ten holdings as of 31/05/2023
| Country | Sector | % Fund | |
|---|---|---|---|
| Siemens AG | Germany | Industrials | 12.25 % |
| Muenchener Rueckversicherungs AG | Germany | Financials | 11.12 % |
| adidas AG | Germany | Consumer Discretionary | 10.36 % |
| Allianz SE | Germany | Financials | 9.08 % |
| Merck KGaA | Germany | Health Care | 5.61 % |
| Deutsche Boerse AG | Germany | Financials | 5.38 % |
OPPORTUNITIES:
- Risk-reduced participation in the global equity markets with the inclusion of sustainability criteria
- Attractive performance contribution through the use of global volatility markets
- Usually lower losses compared to equities
- Attractive returns even when equity markets move sideways
RISKS:
- Default risks: If counterparties fail to meet contractual payment obligations or only partially meet them, losses may occur due to asset forfeiture by issuers
- Concentration risks: Due to the concentration of the investment assets on a few markets or assets, the fund is particularly dependent on these few markets/assets.
- Risk associated with derivative transactions: Derivative transactions for hedging purposes reduce the overall risk of the fund, but may reduce the return opportunities. If transactions are carried out with derivatives as part of the investment strategy, the Fund's risk of loss may increase, at least temporarily.
- Operational risks: The Fund may be the victim of fraud, criminal acts or errors by employees of the Company or external third parties. Finally, its management may be adversely affected by external events such as fires, natural disasters and the like.
- Liquidity risks: During certain phases, such as periods of major market turmoil, there may be difficulties in liquidating asset positions at the desired time or price.
- Market risk: The performance of financial products depends on the development of the capital markets.
Current fund data as of 06/06/2023
Lupus alpha Equity Protect C WKN : A2QNXL | ISIN: DE000A2QNXL2 | |
|---|---|
Currency
| EUR |
Issue price
| 86,40 |
Redemption price
| 82,29 |
Fund volume
| 17,09 Mio. |
Launch date
| 09. November 2021 |
Minimum investment amount
| 500.000 |
Distribution frequency
| annually |
Portfolio managers
| Marvin Labod , Alexander Raviol , Mark Ritter , Stephan Steiger |
Performance fee
| 20,0 % |
Administration fee
| 0,6 % |
Subscription fee
| up to 5 % |
Features9 | Forward pricing (order day and trading day are distinct): Trading takes place one day after the order day, involving return of units and redemption orders (order day is 1 day before the trading day). |
Current fund data as of 06/06/2023
Lupus alpha Equity Protect R WKN : A2QNXN | ISIN: DE000A2QNXN8 | |
|---|---|
Currency
| EUR |
Issue price
| 86,19 |
Redemption price
| 82,09 |
Fund volume
| 17,09 Mio. |
Launch date
| 09. November 2021 |
Distribution frequency
| annually |
Portfolio managers
| Marvin Labod , Alexander Raviol , Stephan Steiger , Mark Ritter |
Performance fee
| 20,0 % |
Administration fee
| 1,00 % |
Subscription fee
| bis zu 5 % |
Features9 | Forward pricing (order day and trading day are distinct): Trading takes place one day after the order day, involving return of units and redemption orders (order day is 1 day before the trading day). |
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; 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. Delta: measures the sensitivity of the convertible bond price on changes to the underlying equity price. A delta of 0,4 means that the price of the convertible rises 4% if the underlying equity price rises 10%. Current yield is a bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. Interest rate sensitivity is a measure of how much the price of a fixed-income asset will fluctuate as a result of changes in the interest rate environment.
- 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
- Distributing Funds do not reinvest the generated income, they pay out the income to the invest
- Internal Ratings
- Loss protection, capital preservation or conformity with the minimum value constraint cannot be guaranteed or warranted at any point in time. Buying within the calendar year might result in increased risks.
- for orders that reach the custodian before 12.00 PM on any valuation day