Der Zukunftsfonds R
Status: 05/14/2024
Fund profile
| ISIN | DE000A3CT6F3 |
|---|---|
| WKN | A3CT6F |
| Inception date | |
| Total fund assets | 16.9 M EUR |
| Fund currency | EUR |
| Current issue price | EUR103.19 (05/15/2024) |
| Current return price | EUR103.19 (05/15/2024) |
| Annual high (redemption price) | EUR103.23 (04/12/2024) |
| Annual low (redemption price) | EUR96.17 (01/22/2024) |
| Performance current year | 6.60 % (05/15/2024) |
| ø Performance
Since launch p.a. |
1.39 % (05/15/2024) |
| Issue charge | 0.00 % |
| Redemption charge | 0.00 % |
| End of fiscal year | Sep 30 |
| Dividend | Accumulating |
| Total expense ratio | 1.56 % p.a. |
| Management fee | therefrom 1.37 % 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 |
Comment
Volker Schilling
Der Zukunftsfonds concluded the reporting period for April in the C tranche with a gain of 0.07 % and unchanged in the R tranche at +0.00 %. Since the beginning of the year, this equates to a gain of 5.34 % (C tranche) and 5.10 % (R tranche). The past month was marked by consolidation, resulting in global stock markets, with exceptions of China and India, declining. The MSCI World Index recorded a decline of -2.7 % (in EUR), while the MSCI World Small & Mid Cap Index lost -3.6 %. Similarly, there were significant price declines at the US leading exchange with decreases of -3.0 % for the S&P 500 Index and -3.3 % for the US technology index Nasdaq. The DAX also declined by 3 % in April. In this challenging market environment, Der Zukunftsfonds maintained its position as a stable anchor. In particular, the high proportion of commodity stocks and gold investments stabilized the fund. The price of gold rose by 4 % in April, with mining stocks averaging around 3% gains. As announced in the last monthly report, we have significantly reduced the risks in Der Zukunftsfonds. Stocks of AMD, Nestle, and UBS were completely sold off. Partial gains were realized in mining stocks Southern Copper, Lundin Mining, and Cameco. Gold holdings and crypto investments were also reduced. Additionally, hedges were established with put options on the S&P 500. The gross equity ratio stands at 20 % at the end of April. Due to the hedges, the net ratio is at 5 %. The gold allocation has been reduced from 10 % to 8 %. Crypto investments currently stand at 2 %. The bond allocation remains nearly unchanged at 47 %. Cash stands at 23 % at the end of the month. 04/30/2024
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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