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Kathrein Opportunity Protect USD 2013 Fund report as of 06/19/2013
 
     
 
Fund profile
The Kathrein Opportunity Protect 2013 USD is a balanced fund with a capital guarantee at maturity of 99%. The fund participates between 0-100% in the performance of the opportunity portfolio consisting of a CTA trend following fund and a dynamic asset allocation fund. The opportunity portfolio participates in international bond, currency, interest rate and equity markets. The allocation between this portfolio and the safe fixed income bond portfolio is determined by a CPPI model, which determines what percentage can be invested in the opportunity portfolio without jeopardizing the guarantee.
Fund data
ISIN: T: AT0000A0JE00
NAV: 999.77 USD
Launch date: 10/15/2010
Capital gains: -9.73 USD
Ordinary income: 6.78 USD
Total assets: 4,618,939.29 USD
Dividend: 9.70 USD (01/15/2013)
Fiscal year: 10/15-10/14
Operating costs: 1.58
Performance (10/15/2010 - 06/19/2013)
 
Source: Custodian Raiffeisen Bank International AG
Performance  
Month -0.05 %
Year to date -0.08 %
1 years 1.65 %
2 years (p.a.) 0.32 %
3 years (p.a.) -  
5 years (p.a.) -  
Since inception (p.a.) 0.21 %
     
Ratios    
Sharpe ratio -0.26  
Max. drawdown -4.25 %
Volatiltiy (in % p.a.) 2.49 %
     
 
 
 
Asset allocation
 
 
Bonds 80.28 %    
Italien Republik 21.71 %    
FEST 0.25% 15.05.13/11.10.13 19.48 %    
Landesbank Baden-Württemberg 13.00 %    
Commonwealth Bank of Australia 8.71 %    
General Electric Capital Corp. 8.69 %    
Westpac Banking Corp. 8.67 %    
       
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 2% 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
The US consumer confidence surprisingly improved a lot in May. Responsible for this increase in confidence were the better jobs market as well as rising stock and real estate prices. Ben Bernanke commented in his testimony to the respective committees of Congress that the Fed may reduce the speed and amount of bond purchased under its QE policy should the economy continue to improve faster than expected. The led to a drop in stock and bond prices (increase in bond yields). The Euro periphery countries benefited from the change in focus from belt tightening to growth policies. After a decline in March and April in the German IFO business climate index, the indicator rose again in May. However, should the economy continue to stagnate in the months to come, then the ECB could further cut interest rates. Nevertheless the current focus of the ECB is not on the absolute level of its repo rate, but much more on the creating accessibility to corporate loans through other institution for example the European Investment Bank.
     
 
 
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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