Investment Strategy
Investors benefit from the long-term performance of global equity markets, Berenberg's equity expertise and the relatively defensive nature of the fund. The fund management team invests in high-quality companies that is capable of generating above-average and sustainable earnings growth over a long period of time. Invested companies share common features, such as strong structural growth drivers, a differentiated market position, solid balance sheets and successful management teams. To reduce the volatility of the portfolio, the equity investment level is managed around a neutral quota of 90% in line with the published market view of Berenberg investment strategists. Finally, alternative investments are added selectively for diversification.
- Participation in global growth opportunities and trends
- Diversified portfolio with active management of the investment level and addition of alternative investments
- Long-term investment horizon and low portfolio turnover
- Benchmark-agnostic selection
Learn more about our investment philosophy in equity fund management
Fund data
| ISIN | DE000A0RC5G8 |
|---|---|
| WKN | A0RC5G |
| Inception date | 15.01.2009 |
| Issue price | 95.74 EUR |
| Redemption price | 90.75 EUR |
| Fund volume | 124.07 Mio. EUR |
| Share class volume | 66.25 Mio. EUR |
| Currency | EUR |
| Minimum investment | - |
| Asset Manager | Joh. Berenberg, Gossler & Co. KG |
| Management company | Universal-Investment-Gesellschaft mbH |
| Custodian | State Street Bank International GmbH |
| Use of income | Distributing |
| End of financial year | 31.12. |
| Registration and Distribution | DE, AT, CH |
| SFDR Classification (Sustainable Finance Disclosure Regulation) | Article 6 |
Costs
| Issue surcharge | Up to 5.50% |
|---|---|
| Management fee p.a. | 1.50% |
| Custodian fee p.a. | 0.10% |
| Total Expense Ratio (TER) p.a. | 1.45% |
Indexed performance
Performance in 12-month periods
Monthly performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 | 2.80 | 2.69 | -1.01 | -0.21 | -4.73 | 1.15 | 4.47 | 0.77 | 0.66 | -0.50 | 1.25 | 0.05 | 7.34 |
| 2013 | 1.54 | 0.86 | 3.65 | -1.08 | 1.42 | -3.41 | 2.69 | -1.90 | 2.32 | 1.96 | 1.65 | 0.63 | 10.58 |
| 2014 | -2.22 | 2.48 | -0.34 | 0.99 | 2.08 | -0.14 | -0.38 | 2.36 | 0.97 | -0.07 | 2.06 | -0.58 | 7.33 |
| 2015 | 5.19 | 4.23 | 1.26 | -0.46 | 1.14 | -3.28 | 1.64 | -6.73 | -3.56 | 6.82 | 2.36 | -5.05 | 2.61 |
| 2016 | -6.57 | -1.01 | 0.62 | -1.05 | 2.54 | -5.58 | 3.41 | 0.28 | 0.89 | -1.11 | 0.75 | 2.97 | -4.32 |
| 2017 | 0.92 | 3.45 | 2.77 | 1.48 | 1.19 | -2.20 | -1.41 | -0.47 | 3.12 | 3.13 | -2.51 | 1.53 | 11.29 |
| 2018 | 2.90 | -2.65 | -3.34 | 3.63 | 4.40 | 0.13 | 3.23 | 1.76 | -1.54 | -7.12 | -0.99 | -7.72 | -7.93 |
| 2019 | 8.26 | 3.28 | 3.58 | 5.37 | -3.42 | 3.18 | 1.51 | 0.13 | 0.81 | 1.70 | 4.70 | 2.32 | 35.78 |
| 2020 | 1.51 | -4.80 | -12.23 | 12.76 | 4.92 | 3.15 | 3.12 | 5.66 | -0.56 | -0.61 | 6.14 | 2.89 | 21.72 |
| 2021 | 1.45 | 2.02 | 1.31 | 4.21 | -2.06 | 6.35 | 0.92 | 2.34 | -4.76 | 4.91 | -2.77 | 1.27 | 15.62 |
| 2022 | -10.68 | -5.42 | 2.35 | -7.02 | -2.94 | -6.51 | 9.01 | -3.96 | - | - | - | - | -28.46 |
Source: Berenberg, Management company
The charts and tables regarding performance shown here are based on own calculations according to the method developed by the German Investment Funds Association (BVI). They illustrate past performance. Future performance can deviate both positively and negatively from these calculations. Gross performance (BVI method) takes into account all charges at fund level (e.g. management fee), net performance plus the issue surcharge. Additional charges can arise for individual investors (e.g. custody account fees, commissions and other fees). Model calculation (net): An investor wants to purchase fund units for EUR 1,000 EUR. Considering a max issue surcharge of 5.50% he has to payEUR 55.00 for the purchase. Also, fees may be charged for the administration of the safe custody account, which will lower the performance. Past performance is not a reliable indicator of future performance.
Performance after issue surcharge
| 1 year | -28.26% |
|---|---|
| 3 years | 10.34% |
| 5 years | 29.08% |
| since inception | 100.17% |
| Max. Drawdown 5 years | -31.84% |
Source: Berenberg, Management company | State: 27 Sep 2022
Risk figures
| Volatility - 1 year | 17.80% |
|---|---|
| Volatility - 3 years | 16.19% |
| Sharpe Ratio - 3 years | 0.23 |
| Maximum Drawdown - since inception | -31.84% |
Currencies
Sectors
Countries
Asset classes
Top Holdings
Monthly market comment
Waste Connections reported very encouraging figures for the first half of the year, with continued very strong growth and double-digit growth expectations for both this year and next. Pinterest showed a strong performance after a sharp increase in downloads of a newly designed app. Microsoft reported a solid growth outlook for the coming year and delivered a strong share performance, although the software sector came under pressure from a profit warning from Salesforce in August. This profit warning also put the Adobe share under pressure.
Portfolio Management
Kay Eichhorn-Schott has been a portfolio manager at Berenberg since October 2017. Kay started his professional career in October 2015 when he joined Berenberg’s international graduate programme and worked in the Wealth and Asset Management division in London. Kay holds a BSc in Business Administration and a MSc in Finance and studied at EBS Business School, Germany, University of Bath, UK, and Texas A&M University, USA. In addition, he is a CFA charterholder.
Martin Hermann has been Portfolio Manager at Berenberg since October 2017 and is responsible for the Berenberg Global Focus Fund as well as the VV AktienStrategie Global. He began his career in 2010 as an Investment Trainee of the Graduate Program at Allianz Global Investors, where he served as a Portfolio Manager and Vice President within the award-winning "Europe Equity Growth Team". His responsibilities included deputy fund management of the International Equity Growth Fund. Martin Hermann holds a Master in Investment Analysis and Corporate Finance from the University of Vienna and is CFA Charterholder.
