Lupus alpha Dividend Champions R

WKN: A1XDX7

ISIN: DE000A1XDX79

Lupus alpha Dividend Champions offers investors the opportunity to develop an exposure to the European small- and mid-caps asset class with low volatility. The fund is therefore an interesting option for investors who are unwilling or unable to bear the full volatility risk associated with this asset class.

 

 

Fund data

Current fund data as of 12/12/2018

Currency EUR
Issue price 124.83
Redemption price 118.89
Fund volume 285.56 Mio.
Launch date 29 February 2016
Minimum investment amount none
Distribution frequency 7distribution
Portfolio managers Markus Herrmann, Marcus Ratz
Performance fee 617.5% of Outperformance
Administration fee 5up until 1.7 %
Subscription fee 45 %
Unit price determined daily
Unit redemption possible daily
Fund price publication www.fundinfo.com
Share class retail
  • 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. Beta is a measure of a stock's risk of volatility compared to the overall market. The market's beta coefficient is 1.00. Any stock with a beta higher than 1.00 is considered more volatile than the market, and therefore riskier to hold, whereas a stock with a beta lower than 1.00 is expected to rise or fall more slowly than the market. The maximum drawdown is the largest percentage drop in value in a given period of time. It measures the amount the fund falls from its highest point to its lowest point in the selected timeframe.
  • 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 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.

Performance chart

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

Performance (gross in EUR):¹

fromtoLupus alpha Dividend Champions RStoxx TMI Small Return Index
1 month31.10.201830.11.2018-2.97 %-2.16 %
90 days31.08.201830.11.2018-7.38 %-10.72 %
1 year30.11.201730.11.20180.40 %-6.04 %
3 yearsn.a.n.a.n.a.n.a.
5 yearsn.a.n.a.n.a.n.a.
this year29.12.201730.11.2018-0.40 %-8.21 %
since inception29.02.201630.11.201827.51 %15.97 %
since inception p.a.29.02.201630.11.20189.23 %5.53 %

12-month-timeframe (gross)Lupus alpha Dividend Champions RStoxx TMI Small Return Index
30.11.2017 - 30.11.20180.40 %-6.04 %
30.11.2016 - 30.11.201721.00 %17.62 %

Key Risk ratios (gross):³

as ofLupus alpha Dividend Champions RStoxx TMI Small Return Index
Volatility p.a.30.11.201813.31 %13.14 %
Tracking Error30.11.20185.87 %n.a.
Investment rate30.11.201898.51 %n.a.
Distribution06.12.20171.30 €n.a.
Maximum Draw Down30.11.2018-12.79 %n.a.
Fund structure

Top ten holdings as of 30/11/2018

CANCOM SE
Greggs PLC
Howden Joinery Group
IG Group Holdings PLC
JD Sports Fashion PLC
Michael Page Int.
NetEnt AB
Senior Plc
Ted Baker PLC
Wirecard AG
Total stocks:33
Total weight of top ten:47.26 %

Sector allocation as of 30/11/2018

Country allocation as of 30/11/2018

Highlights
  • Participation in robust European small and mid caps with high dividends
  • Relatively steady cash flow with comparatively low volatility – even in times of crisis
  • Attractive long-term risk-return profile
  • Concentrated equity portfolio consisting of around 30 stocks
  • Stock selection carried out by a team of the most experienced small and mid-cap experts in Europe
Team expertise

The portfolio management teams draws upon all of Lupus alpha's specialist expertise in the small- and mid-cap segment:

  • 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 each year
Investment concept

Dividend strategy for small and mid caps

Lupus alpha Dividend Champions pursues a dividend strategy and invests in European small- and mid-cap companies characterised by steady dividend histories, robust balance sheets and stable business models. The strategy is based on comprehensive analysis and fundamental valuation carried out by Lupus alpha's team of small- and mid-cap experts, who identify quality stocks from an investment universe comprising around 1,000 listed companies.

While dividend strategies are generally limited to the equity market segment for larger listed companies, Lupus alpha Dividend Champions enables investors to combine the potential outperformance of the small- and mid-cap market with the advantages of a dividend strategy.

Small and mid caps have demonstrated their added value for investors in various market phases and make a particularly positive contribution to overall portfolio performance over longer periods. Small- and mid-cap equities offer investors access to a broad and varied investment universe. Many of the companies in this sector have steadily improved their market positioning to become world market leaders, thereby providing a foundation for consistent dividend performance.

Studies show that dividends can comprise up to 70 per cent of the return on an equity investment even in difficult years on the stock markets.

Investment objective

The fund invests in small- and mid-cap European companies characterised by steady dividend payments, robust balance sheets and stable business models. With a concentrated equity portfolio of around 30 stocks, the fund aims to generate relatively steady cash flows with a lower volatility than the benchmark index and a beta well below 1 even in times of crisis.

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

FWW FundStars® 4 Sterne

Portfolio Manager

Experienced fund managers

Markus Herrmann, CFA, has been part of Lupus alpha's specialist Small & Mid Cap team since 2011. He is supported by Marcus Ratz, a Partner at Lupus alpha who has been working at the company since 2001. He has more than 15 years of experience in small- and mid-cap asset management.
 

Markus Herrmann
CFA, Portfolio Management & Research Small & Mid Caps Europe


Marcus Ratz
Partner, Portfolio Management Small & Mid Caps Europe