Lupus alpha Sustainable Smaller Euro Champions A

WKN: 974563

ISIN: LU0129232442

Lupus alpha Sustainable Smaller Euro Champions invests in the eurozone's most promising small and mid caps and offers investors opportunities to diversify their existing equity portfolios without any currency risk. The fund's bottom-up8 stock selection approach provides investors with opportunities to generate attractive excess returns. Enviromental, social and governance criteria are applied in the implementation of the strategy.

 

Fund data

Current fund data as of 01/14/2021

Currency EUR
Issue price 289.73
Redemption price 275.93
Fund volume 79,25 Mio.
Launch date 22 October 2001
Distribution frequency 7distribution
Portfolio managers Marcus Ratz, Franz Führer
Performance fee 617.5 %
Administration fee 51.5 %
Subscription fee 4up to 5 %
Benchmark EURO STOXX TMI Small EUR Net Return
Share class retail
Unit price determined daily
Unit redemption possible daily
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 ca
  • 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.
  • Bottom-up investing is an investment approach that focuses on the analysis of individual stocks and deemphasizes the significance of economic cycles and market cycles. In bottom-up investing, the investor focuses his attention on a specific company, rather than on the industry in which that company operates or on the economy as a whole.

Performance chart

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

Performance (gross in EUR):¹

fromtoLupus alpha Sustainable Smaller Euro Champions AEuro Stoxx® TMI Small Return Index
1 month 30.11.202030.12.20205.11 %4.90 %
90 days 01.10.202030.12.202016.55 %14.91 %
1 year 30.12.201930.12.202015.39 %4.43 %
3 years 29.12.201730.12.202018.40 %10.91 %
5 years 30.12.201530.12.202052.93 %34.61 %
this year 31.12.201930.12.202015.36 %4.50 %
since inception 22.10.200130.12.2020434.00 %335.79 %
since inception p.a. 22.10.200130.12.20209.12 %7.97 %

12-month-timeframe (gross)Lupus alpha Sustainable Smaller Euro Champions AEuro Stoxx® TMI Small Return Index
31.12.2019 - 31.12.202015.39 %4.43 %
31.12.2018 - 31.12.201925.26 %29.54 %
31.12.2017 - 31.12.2018-18.07 %-18.07 %
31.12.2016 - 31.12.201723.74 %18.51 %
31.12.2015 - 31.12.20164.63 %2.52 %
31.12.2014 - 31.12.201530.60 %21.53 %
31.12.2013 - 31.12.20142.43 %2.26 %
31.12.2012 - 31.12.201328.00 %25.09 %
31.12.2011 - 31.12.201223.55 %25.24 %
31.12.2010 - 31.12.2011-29.17 %-24.61 %

Key Risk ratios (gross):³

as ofLupus alpha Sustainable Smaller Euro Champions AEuro Stoxx® TMI Small Return Index
Volatility p.a. 30.12.202018.32 %18.00 %
Tracking Error 30.12.20205.82 %n.a.
Investment Quota 30.12.202096.40 %n.a.
Fund structure

Top ten holdings as of 30/12/2020

Arcadis N.V.
BE Semicond. Ind. NV
CAVERION OYJ. O.N.
Evotec SE
Faurecia
Hellofresh AG
Huhtamaki Oyj
Metso Outotec Corp.
Software AG
Trigano SA
Total stocks: 72
Total weight of top ten: 27.86 %

Sector allocation as of 30/12/2020

Country allocation as of 30/12/2020

Highlights
  • Excellent opportunities to invest in the eurozone's most promising small and mid caps
  • Stock selection carried out by a team of the most experienced small- and mid-cap managers in Germany with proven expertise in eurozone equities
  • Consistent bottom-up approach: face-to-face meetings with management
  • ESG process integrated into fundamental analysis to identify and evaluate companies with sustainable business models 
  • Excess returns generated by exploiting information inefficiencies
  • Risk spread across all countries and sectors within a single currency area
  • Positive diversification into European large caps
Team expertise

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

  • 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

Eurozone small and mid caps

 

Lupus alpha Smaller Euro Champions invests in selected eurozone small and mid caps, offering investors the opportunity to diversify their existing equity portfolios without any currency risk - without compromising sustainability. Adding small and mid caps to an equity portfolio can thus improve its returns and reduce its risk. This is primarily due to the interdependence of country- and company-specific influences, while large-cap stocks tend to be affected by global macroeconomic factors. As a result, small- and mid-cap strategies can make use of special regional issues as well as a company's individual temporary upswing in its specialised niche.

 

In addition, the investment universe of small- to mid-cap eurozone companies boasts not only more than ten years of exceptional performance but also significantly lower variation than European large-cap stocks. One of the reasons for this is the wide variety of more than 600 stocks, which enables portfolios to be spread widely across many sectors, unlike large-cap stocks.

 

As a rule, analysts do not cover the eurozone small- and mid-cap market as intensively and broadly as is normally the case for large-cap companies. The resulting information inefficiency creates opportunities to use comprehensive in-house research for unearthing promising stocks and exploiting their potential for a portfolio through active management, thus offering good prospects for successful stock-picking. As a consequence, this strategy enables investors to exploit the alpha potential of eurozone small and mid caps while at the same time diversifying their existing equity portfolios without any currency risk.

 

The sector and/or country allocation of the benchmark index is only of secondary importance. We deined screening criteria in order to avoid investing into companies that do not meet our minimum stadarts e.g. with respect to the production of controversial weapons or compliance to UN Global Compact. these criteria evolve steadily and are reviewed continuously. Moreover, ESG criteria are integrated into the stock selection process and are part and parcel of our fundamental investment analysis. 

 

Investment objective

The fund's objective is to outperform the benchmark (EURO STOXX® TMI Small Return-Index) over the long term using targeted stock-selection. For doing so, the fund focusses on companies that meet pre-determined minimum criteria with respect to enviromental, ethical, social and governance considerations. 

 

Chances and Risks

Chances 

 

  • 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 process enhances the security selection and ensures permanent monitoring of risks.
  • You can benefit from information advantages that arise from the lower analyst coverage of Small & Mid Cap companies.
  • Promising upside potential of European Small & Mid Cap stocks - without compromising sustainability.

 

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 issuing company as well as sector trends and overall economic developments.
  • 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.
  • Market risk: The performance of financial products depends on the development of the capital markets. 
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

 

Portfolio Manager

Experienced fund managers

 

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. Franz Führer is also a fund manager with many years of experience in small and mid caps, and has also been with Lupus alpha since 2001.

 

 

Marcus Ratz
Partner, Portfolio Management Small & Mid Caps Europe


Franz Führer
Partner, Portfolio Management Small & Mid Caps Europe