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Kathrein Mandatum 70 Fund report as of 06/19/2013
 
     
 
Fund profile
The Kathrein Mandatum 70 is an international mixed umbrella fund with a risk profile that is 70% equity and 30% bonds. A part of the share and bond quota is covered by alternative investments such as private equity or hedge funds. The management approach of Kathrein Privatbank is based on quantitative models. The equity fund range is supplemented by Russell MSMM funds. The objective is to compile a widespread diversified portfolio of individual securities, investment categories, regions and management approaches in order to achieve additional income in comparison with a classical 70 – 30 portfolio.
Fund data
ISIN: T: AT0000779855 | A: AT0000779848
NAV: T: 105.02 | A: 85.61 EUR
Launch date: 07/12/1999
Capital gains: 1.97 EUR
Ordinary income: 0.35 EUR
Total assets: 3,715,534.16 EUR
Dividend: 0.74 EUR (02/01/2013)
Fiscal year: 12/01-11/30
Operating costs: 1.95
Performance (06/19/2008 - 06/19/2013)
 
Source: Custodian Raiffeisen Bank International AG
Performance  
Month -2.24 %
Year to date 5.11 %
1 years 11.14 %
2 years (p.a.) 5.52 %
3 years (p.a.) 4.44 %
5 years (p.a.) 1.77 %
Since inception (p.a.) 0.59 %
     
Ratios    
Sharpe ratio -0.15  
Max. drawdown -42.75 %
Volatiltiy (in % p.a.) 10.98 %
     
 
 
 
Asset allocation
 
 
Stocks 54.91 %    
KATHREIN US EQUITY R (T) 24.83 %    
KATHREIN EUROPEAN EQUITY R (T) 14.65 %    
Russell Inv.-Japan Equity Fund 4.62 %    
Russell Inv.-US Small Cap Equ. 3.00 %    
Kathrein Global Enterprise (T) 2.88 %    
Russell Inv.-Pacific Basin Eq. 2.74 %    
SSgA Ind.-Canada Index Equity 2.19 %    
Bonds 28.12 %    
Kathrein Corporate Bond R (T) 8.52 %    
KATHREIN EURO BOND (T) 7.17 %    
Kathrein Euro Infl.Linked.Bd R (T) 3.78 %    
KATHREIN YIELD + T 3.35 %    
HCM Kathrein Pfandbrief + (R) (T) 2.68 %    
Kathrein Euro Core Govern. B.R (T) 1.33 %    
KATHREIN GLOBAL B0ND 1.29 %    
Others 16.44 %    
Kathrein Dynamic Asset All.Fd R(T) 7.51 %    
KATHREIN MAX RETURN (T) 5.00 %    
SGAM Private Value SCA SICAR 3.93 %    
       
Performance is calculated in accordance with the OeKB method based on data from the custodian. For performance data individual costs, such as the initial sales charge (a maximum of 5% of the amount invested) are not taken into consideration. Depending on the amount, those would decrease performance accordingly. Past performance is no indicator for future developments of a fund. Information subject to change.
Portfolio manager comments as of May 2013
Global stock markets 50 % EUR-hedged and 50 % unhedged continued to rally in May rising 3.83 %. Emerging stock markets continued to underperform developed markets, but the fund has had no direct emerging market stock exposure since February. Global government bond experienced their worst month since 2004 with German Bunds declining by 1.60 % and all Euro-zone government bonds by -1.06 %. Our main theme that stocks will outperform the safest bonds in 2013 was confirmed once more. Equities are overweighted through the Kathrein Dynamic Asset Allocation fund, which held between 70-100 % in equity and REIT ETFs in the month. All bond funds declined, but several less than German government bonds—declining the least were Kathrein Yield+, Kathrein Corporate Bond and Kathrein Euro Inflation Linked Bond. The Kathrein European Equity rose more than the broader European market for the second consecutive month. The tactical investment Kathrein Max Return, SGAM Private Value and Kathrein Dynamic Asset Allocation fund contributed negatively to the performance of the fund. The fund’s currency exposure stemming from the equity exposure is 50 % hedged with respect to the exposure of USD, JPY, and GBP.
     
 
 
This document is for promotional purpose only and does not constitute an offer or recommendation for the purchase or sale of a financial instrument. The published brochure of this unit trust in its current form including all alterations since first release is at the applicants disposal at Kathrein Privatbank Aktiengesellschaft. For the correctness of the data cannot be taken over any adhesion despite careful investigation and registrations. Total Expense Ratio includes management fee, fund administration costs, custodian and other administrative costs as well audit fees.
 
  KATHREIN PRIVATBANK | privatbank@kathrein.at | www.kathrein.at
 

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