Der Zukunftsfonds C
Status: 06/05/2025
Fund profile
| ISIN | DE000A2DTM69 |
|---|---|
| WKN | A2DTM6 |
| Inception date | |
| Total fund assets | 22.9 M EUR |
| Share class currency | EUR |
| Current issue price | EUR61.10 (06/05/2025) |
| Current return price | EUR61.10 (06/05/2025) |
| Annual high (redemption price) | EUR61.10 (06/05/2025) |
| Annual low (redemption price) | EUR59.21 (04/07/2025) |
| Performance current year | 4.62 % (06/05/2025) |
| ø Performance
Since launch p.a. |
3.17 % (06/05/2025) |
| Issue charge | 0.00 % |
| Redemption charge | 0.00 % |
| End of fiscal year | Sep 30 |
| Dividend | Payout |
| Total expense ratio | 1.07 % 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 | 633 |
|---|---|
| Sharpe ratio | 0.3 |
| Volatility | 4.06 % |
| Max. drawdown | -5.56 % |
| Number of negative months | 14 |
| Number of positive months | 21 |
| Share of positive months | 60 % |
| Worst month | -3.47 % |
| Best month | 4.4 % |
Ratings
| Morningstar Rating™ Gesamt |
|---|
Comment
Volker Schilling
The Zukunftsfonds ended May with a gain of +0.89% in the C share and +0.88% in the R share. Since the beginning of the year, this brings the C share to a total return of +4.22% and the R share to +4.01%. The tailwind from the capital markets in May pushed the Zukunftsfonds to a new all-time high. However, the main asset classes developed very differently over the course of the month. While equity markets (in euros) staged a relief rally - DAX +6.7%, Nasdaq 100 +9%, S&P 500 +6.1%, MSCI World All Cap +6% - bond markets took a hit: long-term Bunds -1.1%, US Treasuries -1.2%. Bitcoin, on the other hand, was the shooting star in May with a gain of +10.3%. The gold price remained virtually unchanged in euro terms (-0.2%). Der Zukunftsfonds is currently demonstrating its ability to navigate both rising and falling market phases very effectively. It has reached a new all-time high in every month of the current year - regardless of overall market developments. This has been largely supported by the fund¿s cautious positioning, with a high cash allocation currently at 50%. The downturn in markets in April was not sufficient to redeploy this cash, as complacency among most market participants remains high. This is also reflected in the deeply depressed volatility indices, which have fallen to such low levels that we have initiated a first long position in VIX futures within Der Zukunftsfonds. Equity and bond allocations remained stable at around 20% each, with no significant buying or selling activity in May.
2025/05/30
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 Basisinformationsblatt and the VKP .
- In particular, the fund shows increased fluctuations in the unit price due to its composition and the possible use of derivatives.
This is detail text.