fact sheetOverview
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: | 147.67 EUR |
| Valued on: | 27.10.2020 |
| 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: | 57,604,655.19 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: 31.03.2020): | 1.44% |
| Performance fee: | 5.00% from absolute return with high water mark |
Performance
| YTD | 0.09% |
|---|---|
| 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 | 0.09% |
|---|---|
| 1yr | 2.73% |
| 3yrs ann. | 1.49% |
| 5yrs ann. | 3.21% |
| 10yrs ann. | 3.61% |
| Since inception | 47.67% |
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: 30.09.2020
| Asset classes | Ptf. weight | Duration* | Yield to worst* | Maturity* | Rating* | Market cap* |
|---|---|---|---|---|---|---|
| Equities | 29.19% | 245.02 bil. | ||||
| Corporate bonds | 52.17% | 7.04Y | 7.18% | 25.38Y | AA+ | |
| Convertibles | 1.03% | 2.39Y | 1.65% | 2.42Y | A- | |
| Government bonds | 7.30% | 18.03Y | 1.16% | 19.45Y | AA+ | |
| Cash | 5.79% | |||||
| other | 4.53% |
*weighted average
Sectors equities
Sectors corporate bonds
Countries equities
Ratings
Top 10 Holdings
Management
Dr. Georg 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
- Trading information
- Abwicklungsdetails | PHAIDROS FUNDS
- Information about share classes
- Analyst's Corner
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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.