Lupus alpha Dynamic Return (C)
Lupus alpha Dynamic Return (C)
Lupus alpha Dynamic Return C
The Lupus alpha Dynamic Return (C) offers investors the opportunity to participate fully in the return opportunities of the global equity markets. The diversification of return drivers and the active management of portfolio risks aim to limit losses while simultaneously enhancing the risk-return profile of the fund. The strategy is implemented with exchange-traded derivatives (futures, options). A portfolio of liquid, high-grade bonds is used as a base portfolio.
- Participation in global stock markets
- Asymmetric risk-return profile
- Strategy based on the proven Lupus alpha Return (launched in 2007)
- Active management of portfolio risk to reduce high drawdowns
- Investment in liquid, stock-exchange-listed derivates
The Lupus alpha Dynamic Return implements the proven Lupus alpha Return strategy more offensively and is aimed at investors with higher or equity-like long-term return expectations. It is the result of many years of close cooperation between the responsible management team, the core of which has remained unchanged since 2007. The implementation strategies are continuously refined. In addition, the responsible managers can draw on the proven expertise of Lupus alpha in the area of derivative solutions.
EXPERIENCED TEAM
... from 10+ 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 Dynamic Return: risk-conscious investing
While traditional equity investments offer attractive long-term returns, they can be subject to short and medium-term fluctuations that are not acceptable for every investor. This is where the Lupus alpha Dynamic Return strategy comes in: It allows risk-conscious investors to participate in the upside potential of global equity markets while being protected against sharp price falls. The fund uses listed derivatives on global equities and equity indices (in particular futures and options). High quality, liquid bonds serve as a basis for this strategy.
The fund's equity exposure is global and is determined by the responsible portfolio managers. The portfolio's equity sensitivity should be around 100% on average and is regularly adjusted following an analysis of the market environment and the options and volatility structure. The active management of the portfolio aims to achieve full participation in the equity market in a rising equity market environment, and to significantly decouple from the market in times of crisis thanks to the favourable portfolio construction using options.
Being globally oriented, the portfolio does not only offer attractive return potentials, but also significant diversification benefits
The objective of the fund is to participate in the upside potential of global equity markets and to significantly reduce large drawdowns while minimising hedging costs.
Experienced fund managers
As Portfolio Manager and Head of quantitative analysis in the Derivative 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 Derivative 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 Dynamic Return C | |
|---|---|---|---|
| 1 month | n.a. | n.a. | n.a. |
| 90 days | n.a. | n.a. | n.a. |
| 1 year | n.a. | n.a. | n.a. |
| 3 years | n.a. | n.a. | n.a. |
| 5 years | n.a. | n.a. | n.a. |
| this year | n.a. | n.a. | n.a. |
| since inception | n.a. | n.a. | n.a. |
| since inception p.a. | n.a. | n.a. | n.a. |
Top ten holdings as of 29/11/2024
| BNP Paribas Home Loan SFH SA |
| Credit Agricole Home Loan SFH |
| Credit Mutuel Home Loan SFH SA |
| Dexia SA |
| Eika Boligkreditt AS |
| Land Berlin |
| Landesbank Hessen-Thueringen Girozentrale |
| Landesbank Hessen-Thueringen Gz |
| Nationale-Nederlanden Bank NV |
| State of Rhineland-Palatinate |
| Total number of assets: 91 |
| Total weight of top ten: 43.64 % |
Chances:
- The fund benefits from the positive performance of global equity markets. Rising equity markets offer the opportunity for steadily rising performance with limited risk.
- The fund structure enables to dampen downturns and to limit potential losses.
Risks:
- Equity risk: In the past, stocks displayed major price movements and therefore a risk of price declines.
- Interest rate risk: Investing in fixed-rate securities comes along with the risk of changing market interest rates during the holding period.
- Capital market risk: The development of prices and the market of financial products is dependent on the development of the capital markets, which are, in turn, influenced by the state of the global economy as well as economical and political environments in the respective countries.
- Currency risks: Fund assets can be denoted in another currency than the fund currency. If this currency depreciates relative to the fund currency, the fund value will decrease.
- Counterparty default risk: The fund's value might be reduced if a counterparty or issuer, with liabilities towards the fund, defaults.
- Liquidity risks: The fund can invest into securities which are neither listed on a exchange nor in any similar market.
- Risks from using derivatives: The fund uses derivatives for both investment and hedging purposes. Elevated chances are accompanied by elevated loss risks.
- Target fund risks: The fund invests in target fund structures in order to replicate specific markets, regions and themes. Individual target funds may underperform their respective markets.
Current fund data as of 12/20/2024
Lupus alpha Dynamic Return C WKN : A3DD2T | ISIN: DE000A3DD2T0 | |
|---|---|
Currency
| EUR |
Issue price
| 122,49 |
Redemption price
| 117,78 |
Fund volume
| 25,53 Mio. |
Launch date
| 15. December 2023 |
Distribution frequency
| annually |
Portfolio managers
| Marvin Labod, Alexander Raviol, Mark Ritter, Stephan Steiger |
Administration fee
| 0,60 % |
Subscription fee
| bis zu 4 % |
Total expense ratio (TER)
| 0.91% (as of 31.12.2023) |
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
- Ausschüttende Fonds legen die erwirtschafteten Erträge nicht wieder an, sondern zahlen sie an die Anleger aus.
- Intern Ratings
- Distributing Funds do not reinvest the generated income, they pay out the income to the invest
- 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.