Fund profile

ISIN DE000A2DTM69
WKN A2DTM6
Inception date
Total fund assets 16.6 M EUR
Fund currency EUR
Current issue price EUR56.86 (03/27/2024)
Current return price EUR56.86 (03/27/2024)
Annual high (redemption price) EUR56.86 (03/27/2024)
Annual low (redemption price) EUR53.99 (01/22/2024)
Performance current year 4.68 % (03/27/2024)
ø Performance
Since launch p.a.
2.30 % (03/27/2024)
Issue charge 0.00 %
Redemption charge 0.00 %
End of fiscal year Sep 30
Dividend Payout
Total expense ratio 1.05 % p.a.
Management fee   therefrom 0.87 % p.a.
Custodian fee   therefrom 0.04 % p.a.
Capital accumulation benefits capable no
Savings plan yes (min EUR0.00)
Single payment yes (min EUR0.00)
Conformity yes
Registered for distribution DE

Key figures

Duration of loss in days 708
Sharpe ratio 0.07
Volatility 4.28 %
Max. drawdown -8.48 %
Number of negative months 17
Number of positive months 18
Share of positive months 51.43 %
Worst month -3.47 %
Best month 2.74 %

Ratings

Morningstar Rating™ Gesamt

Comment

Volker Schilling

Volker Schilling

Der Zukunftsfonds ended February in the C-share with +0.26% and in the R-share with +0.17%. Since the beginning of the year, the C-share is up 0.83% and the R-share 0.70%. Asset classes performed very unevenly in February. While the stock markets were able to gain significantly (DAX +4.6% / S&P500 +5.4%), the bond markets tended weaker (German government bonds -2.2% / US Treasury bonds -1.3%). Particularly notable was the performance of Bitcoin, which gained 44% in February alone, while the price of gold remained stagnant. Also, the Chinese stock market showed signs of life for the first time, closing in the MSCI China All Shares with a plus of 9.6%. On the other hand, small caps (MDAX -0.5%) and commodity stocks (RICI Commodity Index -0.2%) continue to perform weakly. The most significant impulses in February continued to come from the earnings season of US tech sector companies. The equity ratio in Der Zukunftsfonds stands at 24% at the end of February, the bond ratio at 40%. 10% is invested in gold and 3.5% in cryptocurrencies. The remaining 22.5% is currently in cash. We will continue to invest the cash when there are corrections in the markets, which are somewhat overdue after the spectacular start to the year. In the best-case scenario, the upcoming month of March will offer us further buying opportunities.

02/29/2024

Opportunities

Investors can participate in the price increases of the international securities markets. The capital is invested broadly in individual stocks as well as different asset classes. Due to the focus on a broad diversification in different asset classes (Equities, bonds, currencies, commodities, precious metals), and due to active risk management, the fund aims to achieve an attractive Risk-Return profile. The fund can use derivatives to hedge exposure against potential losses or increase exposure to achieve higher returns. Investment in foreign currencies may positively influence the fund due to changes in exchange rates.

Risks

Although the fund aims to achieve steady growth in value, this cannot be guaranteed. The fund is subject to the typical price change risks and the market cycle of securities markets. It is exposed to the wide variety of general trends and tendencies in the global financial markets, some of which are based on irrational factors.
Transactions with derivatives for hedging purposes reduce the overall risk of the fund but can reduce the return opportunities. If transactions are made with derivatives as part of the investment strategy, the Fund's risk of loss may increase, at least temporarily.
The Fund may be the victim of fraud or other criminal activity. The loss of trading persons may result in an adverse effect on investment performance. Custody Risks: There may be a risk of loss associated with the safekeeping of assets, particularly abroad, which may result from insolvency, breaches of duty of care or abusive conduct by the custodian/sub-custodian. The Fund may enter various transactions with counterparties. If a contractual partner becomes insolvent, it may no longer be able to settle outstanding claims of the fund or may only be able to settle them in part. Information on further risks can be found in the PRIIPS and the VKP.

  • Information on further risks can be found in the KID and the Prospectus.
  • In particular, the fund shows increased fluctuations in the unit price due to its composition and the possible use of derivatives.

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