Phaidros Funds Balanced A

Issue price
215.05 €
As of 20. Januar 2021
Redemption price
206.78 €
As of 20. Januar 2021
Total fund size
1,432,151,320.14 EUR
As of 20. Januar 2021
Fund type Multi-Asset
Currency EUR
Risk / Return profile 4 of 7


Phaidros Funds Balanced combines equity, bond, and money market elements into a single portfolio. The equity exposure can fluctuate between 25% and 75% of the fund’s assets (that is, this fund is a mixed fund that allows German investors a partial tax exemption of 15%). We identify long-term investments predicated on solid and quantifiable ideas – with the aim of achieving an adaptable portfolio characterized not only by its robustness and liquidity, but also by its broad diversification strategy and resilience across the board.

The success of Phaidros Funds Balanced is the result of our efforts to strike the right balance between risk and return in order to achieve performance that is both attractive and long-term in scope.


  • Broad diversification through flexible investment in various asset classes such as government, corporate, and convertible bonds; stocks; real estate stocks; and commodities
  • Focus on capital preservation without benchmarking
  • Right balance between risk and return


  • The NAV and the income generated can rise or fall, among other things, in response to movements on the capital markets. By extension, this means that the share price can fall to a level below your original investment and/or that the fund fails to meet its investment objectives.
  • For hedging purposes, the fund can invest in financial derivatives that are regarded as especially high-risk and volatile. In this case, drastic upward and downward changes in value are possible over the short-term.
  • The fund can invest a portion of its assets in bonds. Under certain circumstances, bond issuers may become insolvent, which in turn may lead to the bonds’ suffering complete or partial losses in value.
  • Because the fund invests in bonds, changes in interest rates can impact the value of the fund both positively and negatively..
  • Foreign currency investments are subject to exchange rate fluctuations.
  • Investments in emerging markets come with increased risk..

Fund details

Share class:A
NAV per Share:206.78 EUR
Valued on:20.01.2021
ISIN / WKN:LU0295585748 / A0MN91
Fund category:Multi-Asset
Fund type:Luxemburg / FCP UCITS V
Launch date:20.04.2007
Fiscal year:01.04. - 31.03.
Administration:IPConcept (Luxemburg) S.A.
Fund manager:Eyb & Wallwitz Vermögensmanagement GmbH
Total fund size:1,432,151,320.14 EUR
Registered:DE, AT, CH, LU


Min. initial investment:none
Unit type:Accumulating


Initial fee:Max. 4.00%
Redemption fee:0.00%
Ongoing Charges/TER (As of: 18.05.2020):1.73%
Performance fee:10.00% from absolute return with high water mark


3yrs ann.9.19%
5yrs ann.9.85%
10yrs ann.6.49%
Since inception106.78%

Past performance is not indicative of future results. The gross value performance (BVI method) takes into account all costs incurred at the fund level (such as management fees, transaction costs, performance-based fees); the net value performance also takes into account possible front-end loads.

Additional costs may be incurred at the individual client level (such as custodian account fees, commissions, and other fees). Sample (net) model calculation, assuming a maximum front-end load of 4%: you, an investor, would like to buy EUR 1,000.00 in shares. With a maximum front-end load of 4%, you would be required to pay a one-time fee of EUR 40.00 at the time of purchase. In addition, you may incur custodian account fees, which will reduce performance and be based on your bank’s list of prices and services. To determine the maximum front-end load of the sub-fund’s share class, please see the cost details presented in the FUND DETAILS section of the website

Portfolio structure

As of: 30.12.2020

Asset classesPtf. weightDuration*Yield to worst*Maturity*Rating*Market cap*
Equities60.46%387.44 bil.
Corporate bonds28.15%4.77Y2.96%14.02YBB
Government bonds1.63%27.88Y-0.01%27.91YAAA

*weighted average

Sectors equities

Sectors corporate bonds

Countries equities


Top 10 Holdings


Dr. Georg von Wallwitz
Dr. Georg von Wallwitz co-founded the company in 2004. Before that, he was a mutual and special funds manager at Hauck & Aufhäuser with a focus on global equity markets. Georg von Wallwitz studied mathematics and philosophy in Germany and England, was a visiting fellow in Princeton (USA), and is a Chartered Financial Analyst (CFA). Before joining Hauck & Aufhäuser, he worked in credit research and in international equity fund management at DWS in Frankfurt am Main, Germany. He is the author of three books: (1) Odysseus und die Wiesel. Eine fröhliche Einführung in die Finanzmärkte, (2) Mr. Smith und das Paradies. Die Erfindung des Wohlstands, and (3) Meine Herren, dies ist keine Badeanstalt. Wie ein Mathematiker das 20. Jahrhundert veränderte..
Dr. Ernst Konrad

Dr. Ernst Konrad has been the number two managing director at Eyb & Wallwitz since 2009. From 2005 to 2008, he headed up BayernInvest’s equity division and was also responsible for asset allocation throughout the company. At the time, BayernInvest was one of the largest capital management companies in Germany with roughly EUR 22 billion in assets under management. Before that, Dr. Konrad worked as a fund manager at Hauck & Aufhäuser Privatbankiers, Pioneer Investments, and Hypovereinsbank. He completed his studies in economics at the LMU Munich and received his doctorate there, having completed his dissertation on industrial economics. Ernst Konrad is the author of numerous publications in journals such as Financial Markets and Portfolio Management on issues of economics, capital markets, and portfolio management.

MiFID II product information

As of 3 January 2018, investment services companies that offer investment services falling within the purview of Directive 2014/65/EU (Markets in Financial Instruments Directive – “MiFID II”) must comply with certain new requirements regarding the distribution of investment funds, as those requirements are implemented through the legislation enacted by each of the individual Member States of the European Union.

Under the new rules, investment services companies are required to identify or to review and to specify more precisely the target market for each financial instrument they sell. These new rules require, therefore, that these companies specify the type(s) of clients with whose needs, characteristics, and objectives the financial instrument is compatible. MiFID II also introduces new cost disclosure requirements designed to increase cost transparency for investors at both the quantitative and the qualitative levels. Accordingly, investment services companies are required to disclose to the client any and all relevant costs: that is, both in terms of the investment services and in terms of the product. These costs must be summarized and made available both ex ante (that is, prior to any product purchase by the client) and ex post during the holding period on at least an annual basis.

Phaidros Funds’ capital management company, IPConcept (Luxembourg), supports this process by providing the relevant data to the investment services companies to enable them to meet their new legal obligations.