FactsheetOverview
Phaidros Funds Conservative combines equity, bond and money market components in a single portfolio. The equity exposure can vary between 0% and 30% of the fund's assets. When it comes to stock selection, we prefer companies with stable income characteristics that are similar a bond. Stocks from companies, for example, with a stable income that is largely distributed as a dividend. They are less volatile than others and are suitable for risk-averse investors. With this successful investment product, we strive for long-term attractive performance through a conservative risk / return profile.
Opportunities
- 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 orientation on conventional market indices
- Defensive risk/return profile with a cautious approach
Risks
- The fund NAV and its income can fall or rise, particularly as a result of changes in the capital markets. This in turn may result in the fund NAV falling below the amount you originally invested and / or the fund not achieving its investment objectives.
- For hedging purposes, the fund can invest in financial derivatives that are considered to be particularly risky and subject to fluctuations. This means that larger changes in value downwards or upwards can also occur in the short term.
- The fund can invest part of its assets in bonds. The issuers of these bonds may become insolvent, which may result in the value of the bonds being lost in whole or in part.
- Since the fund invests in bonds, changes in interest rates can influence the fund value both positively and negatively.
- Foreign currency investments are subject to exchange rate fluctuations.
- There is an increased risk for investments in emerging markets.
Fund details
| Share class: | A |
|---|---|
| NAV per Share: | 148.30 EUR |
| Valued on: | 17.01.2020 |
| ISIN / WKN: | LU0504448563 / A1CXCB |
| Bloomberg: | PHDCONA:LX |
| Fund category: | Multi-Asset |
| Fund type: | Luxemburg / FCP UCITS V |
| Currency: | EUR |
| Launch date: | 09.06.2010 |
| Fiscal year: | 01.04. - 31.03. |
| Administration: | IPConcept (Luxemburg) S.A. |
| Custodian: | DZ PRIVATBANK S.A. |
| Fund manager: | Eyb & Wallwitz Vermögensmanagement GmbH |
| Total fund size: | 57,455,844.81 EUR |
| Registered: | DE, AT, CH, LU |
| Traded: | Daily |
| Min. initial investment: | none |
| Unit type: | Accumulating |
Costs
| Initial fee: | Max. 3.00% |
|---|---|
| Redemption fee: | 0.00% |
| Ongoing Charges/TER (As of: 12.08.2019): | 1.46% |
| Performance fee: | 5.00% from absolute return with high water mark |
Growth
| YTD | 0.52% |
|---|---|
| 2019 | 13.08% |
| 2018 | -7.09% |
| 2017 | 7.52% |
| 2016 | 5.24% |
| 2015 | 1.41% |
| 2014 | 5.58% |
| 2013 | 4.73% |
| 2012 | 11.65% |
| 2011 | -4.72% |
| YTD | 0.52% |
|---|---|
| 1yr | 11.09% |
| 3yrs ann. | 4.14% |
| 5yrs ann. | 3.70% |
| Since inception | 48.30% |
The data are historical data and do not guarantee future developments. The gross value development (BVI method) takes into account all costs incurred at the fund level (e.g. management fees, transaction costs, possibly performance-related fees), the net value development also takes into account the possible front-end load.
Additional costs may arise individually at the customer level (e.g. custody account fees, commissions and other fees). Exemplary model calculation (net) assuming a max. front-end load of 4%: An investor would like to purchase shares for EUR 1000. With a max. front-end load he has to pay a charge of 4% when buying (EUR 40). In addition, custody account costs may arise which reduce the performance. The deposit costs result from your bank's list of prices and services. Please refer to the cost details shown in the FUND DETAILS section of the website to determine the maximum front-end load of the sub-fund's share class.
Portfolio Breakdown
As of: 30.12.2019
| Asset classes | Ptf. weight | Duration* | Yield to worst* | Maturity* | Rating* | Market cap* |
|---|---|---|---|---|---|---|
| Equities | 26.89% | 196.68 bil. | ||||
| Corporate bonds | 62.53% | 7.02Y | 2.21% | 26.28Y | BBB- | |
| Convertibles | 2.16% | 1.93Y | 1.10% | 1.98Y | BBB+ | |
| Government bonds | ||||||
| Cash | 5.74% | |||||
| other | 2.68% |
*weighted average
Sectors equities
Sectors corporate bonds
Countries equities
Ratings
Top 10 Holdings
Management
Dr. Georg Graf von Wallwitz
Dr. Ernst Konrad
Dr. Ernst Konrad is second managing director at Eyb & Wallwitz since 2009. From 2005 to 2008 he headed the BayernInvest equity division and was also responsible for the asset allocation of the entire company. At that time, BayernInvest was one of the largest German capital management companies with a managed volume of around 22 billion euros. Before that, Dr. Konrad works 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 with a dissertation on industrial economics. Ernst Konrad is the author of numerous publications in the areas of economics, capital markets and portfolio management, including in the magazine "Financial Markets and Portfolio Management".
Downloads
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MiFID II product information
As of January 3, 2018, investment services companies offering investment services under Directive 2014/65 / EU (Markets in Financial Instruments Directive - “Markets in Financial Instruments Directive -“ MiFID II ”) will have to meet certain new requirements regarding the distribution of investment funds within the framework comply with the respective implementing laws in the individual member states of the European Union. According to the new rules, investment services companies are obliged to determine or review the target market for each financial instrument they sell and to determine it more precisely. This means they have to indicate the type (s) of clients with whose needs, characteristics and objectives the financial instrument is compatible. MiFID II also introduces new cost disclosure requirements aimed at increasing cost transparency for investors, both quantitatively and qualitatively. Accordingly, investment services companies must disclose to the client all relevant costs, i.e. both in terms of investment services and of the product. These costs must be summarized and made available ex ante (i.e. before the customer purchases a product) and sometimes ex post during the holding period on at least an annual basis. The fund administration company of Phaidros Funds, IPConcept (Luxembourg), supports this process by providing the relevant data to the investment services companies to enable them to meet their new legal obligations.