Investment Strategy
Berenberg Euro Target 2030 is a fund investing in a broadly diversified portfolio of fixed-income securities, predominantly maturing in 2030. For this purpose, the fund invests primarily in EUR-denominated bonds. Foreign currency risks are hedged. The bonds are selected taking into account fundamental aspects as well as risk/return and sustainability-related criteria. Most of the issuers have an investment grade rating. The strategy pursues a buy-and-maintain approach combined with ongoing risk management.
- Broadly diversified EUR bond portfolio with calculable return opportunities.
- 100% repayment of bonds is targeted.
- Annual distribution of income through the collection of interest coupons.
- Added value through active management and individual fundamental analysis.
- The aim is to generate an attractive return in line with the market environment.
- The investment horizon is until 30/11/2030.
Fund data
| ISIN | DE000A41AC72 |
|---|---|
| WKN | A41AC7 |
| Inception date | 03.11.2025 |
| Issue price (28.11.2025) | 99.90 EUR |
| Redemption price (28.11.2025) | 99.90 EUR |
| Fund volume | 11.64 Mio. EUR |
| Share class volume | 10.64 Mio. EUR |
| Currency Fund / Share Class | EUR / EUR |
| Minimum investment | 500,000.00 EUR |
| Asset Manager | Joh. Berenberg, Gossler & Co. KG |
| Management company | Universal-Investment-Gesellschaft mbH |
| Custodian | BNP Paribas S.A. Niederlassung Deutschland |
| Use of income | Distributing |
| End of financial year | 31.12. |
| Registration and Distribution | DE |
| SFDR Classification (Sustainable Finance Disclosure Regulation) | Article 8 |
Costs
| Issue surcharge | none |
|---|---|
| Flat-rate fee p.a. | 0.55% |
| Total Expense Ratio (TER) p.a. | 0.58% |
| Performance fee | none |
Chances and risks
| Chances | Risks |
|---|---|
| Broadly diversified EUR bond portfolio with calculable return opportunities. | Price fluctuations due to changes in market interest rates are possible |
| 100% repayment of bonds is targeted. | Temporary price declines due to credit rating downgrades are possible |
| Annual distribution of income through the collection of interest coupons. | The strategy invests in high yield bonds that have a lower credit rating |
| Added value through active management and individual fundamental analysis. | Investors may not get back all of their invested money |
| The aim is to generate an attractive return in line with the market environment | There is no guarantee that the return target will be achieved |
Further details on the opportunities and risks of this fund can be found in the sales prospectus.
Currencies
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Top Holdings
Monthly market comment
There was still no significant progress on the French budget issue in September. Following a lost parliamentary vote, the previous Prime Minister François Bayrou was replaced by Sébastien Lecornu. Concerns about rising government debt led to higher interest rates at the long end. On September 2 alone, a record day, €50 billion in government bonds were issued. IG corporate bond issues also amounted to €46 billion over the course of the month, marking the second-highest figure this year. However, thanks to sustained inflows, the volume was well absorbed, with risk premiums in this segment narrowing by 7 basis points, while the interest rate on 3-year German government bonds rose by 4 basis points to end the month at 2.1%.
Portfolio Management
Maria Ziolkowski
Maria Ziolkowski has been with the company since September 2023. She has been a co-portfolio manager since then and focuses on interest rate products and defensive bonds from the investment grade segment as well as short-dated bond strategies.
Before joining Berenberg, she worked at Flossbach von Storch as a portfolio manager in the fixed income area and trader in the multi-asset area, at BNP Paribas in London and Lisbon and at Allianz Investment Bank in Vienna. In addition to her Bachelor in Economics from the Vienna University of Economics and Business, Master in Monetary and Financial Economics from the University of Lisbon and Master in Gender Studies from the University of Vienna, Maria Ziolkowski is a CFA Charterholder
Dr. André Meyer-Wehmann
André Meyer-Wehmann has been with the company since October 2024. His focus is on the quantitative selection of investment grade bonds. Before joining Berenberg, he worked as a quantitative multi-asset portfolio manager at MainSky Asset Management and as a Credit Risk Methodology Specialist at Deutsche Bank. He holds a PhD in Finance and a Master of Science in Quantitative Finance from Goethe University Frankfurt am Main, where he is a lecturer. Prior to that, he completed a Bachelor of Science in General Management at EBS Business School. Mr. Meyer-Wehmann is also a CFA charterholder.