Lupus alpha Sustainable Smaller Pan European Champions R
Lupus alpha Sustainable Smaller Pan European Champions R
Lupus alpha Sustainable Smaller Pan European Champions invests in top-quality stocks from the European small- and mid-cap sector and offers investors the opportunity to diversify their existing equity portfolios. 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.
- Excellent opportunities to invest in Europe's most promising small and mid caps
- Stock selection carried out by a team of the most experienced small- and mid-cap managers in Europe
- ESG process integrated into fundamental analysis to identify and evaluate companies with sustainable business models
- Optimum risk spreading across all countries and sectors
- Positive diversification into global and European large caps
- Consistent bottom-up approach: includes face-to-face meetings with management
- Exploiting information inefficiencies generates excess returns
Lupus alpha has one of the largest and most experienced portfolio management teams in Europe for European small and mid caps. A large, focused team is a crucial factor for success in an active, fundamentally-based stock-picking process:
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
Diversifying equity portfolios with European small and mid caps
Lupus alpha Sustainable Smaller Pan European Champions invests in selected European small and mid caps, thus offering investors the opportunity to diversify their existing equity portfolios - 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 European 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 1,000 stocks, which enables portfolios to be spread widely across many sectors, unlike large-cap stocks.
As a rule, analysts do not cover the European small- and mid-cap market to the same extent as is customary 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. This strategy enables investors to achieve excess returns from European small and mid caps while at the same time diversifying their existing equity portfolios.
We defined screening criteria in order to avoid investing into companies that do not meet our minimum standards e.g. with respect to the production of controversial weapons or compliance to UN Global Compact- These criteria envolve steadily and are reviewed continuously. Moreover, ESG criteria are integrated into the stock selection process and are part and parcel of our fundamental investing analysis.
The fund's objective is to outperform the benchmark (STOXX® Europe 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 environmental, ethical, social and governance considerations. The sector and/or country allocation of the benchmark index is only of secondary importance and serves information purposes.
Experienced fund manager
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 of experience in small- and mid-cap asset management. Gerald Rössel is also a fund manager with many years of experience in small and mid caps, and has been with Lupus alpha since 2007.
Performance (gross in EUR)¹:
| from | to | Lupus alpha Sustainable Smaller Pan European Champions R | Stoxx® Europe Total Market Small Net Return Index | |
|---|---|---|---|---|
| 1 month | 31.10.2024 | 29.11.2024 | 1.22 % | 0.71 % |
| 90 days | 30.08.2024 | 29.11.2024 | -3.95 % | -3.77 % |
| 1 year | 29.11.2023 | 29.11.2024 | 5.57 % | 13.26 % |
| 3 years | 29.11.2021 | 29.11.2024 | -22.38 % | -4.73 % |
| 5 years | n.a. | n.a. | n.a. | n.a. |
| this year | 29.12.2023 | 29.11.2024 | -0.45 % | 5.88 % |
| since inception | 30.11.2020 | 29.11.2024 | -0.31 % | 21.77 % |
| since inception p.a. | 30.11.2020 | 29.11.2024 | -0.08 % | 5.05 % |
| 12-month-timeframe (gross) | Lupus alpha Sustainable Smaller Pan European Champions R | Stoxx® Europe Total Market Small Net Return Index |
|---|---|---|
| 30.11.2023 - 30.11.2024 | 5.57 % | 13.26 % |
| 30.11.2022 - 30.11.2023 | 3.20 % | 1.61 % |
| 30.11.2021 - 30.11.2022 | -28.12 % | -16.94 % |
| 30.11.2020 - 30.11.2021 | 27.12 % | 26.88 % |
Key Statistics³:
| as of | Lupus alpha Sustainable Smaller Pan European Champions R | Stoxx® Europe Total Market Small Net Return Index | |
|---|---|---|---|
| Volatility p.a. | 29.11.2024 | 17.70 % | 16.10 % |
| Distribution | 14.12.2023 | 1.59 € | n.a. |
| Tracking Error | 29.11.2024 | 4.66 % | n.a. |
| Investment Quota | 29.11.2024 | 96.03 % | n.a. |
Top ten holdings as of 29/11/2024
| D'Ieteren S.A. |
| DCC PLC |
| GEA Group AG |
| Gerresheimer AG |
| Glanbia Plc |
| ISS A/S |
| Loomis AB |
| Pandora A/S |
| SPIE SA |
| Teleperformance SA |
| Total number of assets: 74 |
| Total weight of top ten: 23.89 % |
Sector allocation as of 29/11/2024
Country allocation as of 29/11/2024
Chances
- Access to global convertible bonds and hence to a variety of different sources of return.
- Convertible bonds offer the opportunity to participate in the upside potential of equities while providing the safety of a bond due to the asymmetric risk/return profile.
- Active management allows investors to exploit opportunities and ensures stringent risk management.
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 development.
- Counterparty default risk: If counterparties and issuers do not fulfil or only partially fulfil their contractual payment obligations, this can result in losses for the fund. Even when securities are carefully selected, losses caused by the financial collapse of issuers cannot be ruled out.
- 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. If counterparties do not fulfil or only partially fulfil their contractual payment obligations, this can result in losses for the fund. Even when securities are carefully selected, losses caused by the financial collapse of issuers cannot be ruled out.
- Interest-rate risk: Changes in market interest rates can affect the prices of fixed-income securities. These fluctuations vary, however, depending on the term of the fixed-income securities.
- Risks connected with derivatives transactions, particularly options: Changes in the price of the underlying asset can devalue an option. Options have leverage effects that impact the fund more strongly than the underlying asset. When selling options, there is the risk that the fund will suffer an indefinite loss amount.
- Operational risks: 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.
Current fund data as of 12/20/2024
Lupus alpha Sustainable Smaller Pan European Champions R WKN : A2DTNV | ISIN: DE000A2DTNV7 | |
|---|---|
Currency
| EUR |
Issue price
| 94,81 |
Redemption price
| 94,81 |
Fund volume
| 162,75 Mio. |
Launch date
| 01. December 2020 |
Minimum investment amount
| none |
Distribution frequency
| distribution |
Portfolio managers
| Marcus Ratz, Gerald Rössel |
Performance fee
| 15% |
Administration fee
| 1,50 % |
Subscription fee
| 5,00 % |
Benchmark
| Stoxx® Europe Total Market Small Net Return Index |
Unit price determined
| daily |
Unit redemption possible
| daily |
fund price publication
| www.fundinfo.com |
Current fund data as of 12/20/2024
Lupus alpha Sustainable Smaller Pan European Champions C WKN : A1J9DT | ISIN: DE000A1J9DT9 | |
|---|---|
Currency
| EUR |
Issue price
| 196,70 |
Redemption price
| 187,33 |
Fund volume
| 162,75 Mio. |
Launch date
| 05. December 2013 |
Minimum investment amount
| 500.000 |
Distribution frequency
| distribution |
Portfolio managers
| Marcus Ratz, Gerald Rössel |
Performance fee
| 15 % |
Administration fee
| 1 % |
Subscription fee
| up to 5 % |
Benchmark
| Stoxx® Europe Total Market Small Net Return Index |
Unit price determined
| daily |
Unit redemption possible
| daily |
Fund price publication
| www.fundinfo.com |
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.
- 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
- 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
- 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 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.
- 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 invest
- Distributing Funds do not reinvest the generated income, they pay out the income to the invest
- 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 who
Summary
The fund invests in attractive small- and mid-cap companies from Europe. It promotes environmental and social characteristics in accordance with Article 8 of the EU Disclosure Regulation (Regulation (EU) 2019/2088) and commits to a minimum share of 20% 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
22.11.2024 Editorial changes
14.11.2024 Initial version
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