- Fund Portrait
- Asset Allocation
- Performance
- ESG
- Key Facts
- Opportunities & Risks
- Downloads
Investment Profile
Sauren Responsible Balanced is an actively managed fund of funds with a balanced asset management approach. As a modern multi-asset strategy, it offers a broadly diversified portfolio for investors with a long-term investment horizon.
Sauren Responsible Balanced invests irrespective of benchmarks mainly in other funds; including equity funds, absolute return funds, and bond funds. You will find detailed information about the investment opportunities in the current valid prospectus.
The fund selection is done according to Sauren’s established person-related investment philosophy "We invest in fund managers – not funds", with a focus on the skills of the fund managers in consideration of the asset under management. Target fund selection takes into account to which and how responsibly a target fund incorporates environmental aspects, social aspects and principles of sustainable corporate governance into its investment decisions.
Analysis of the most promising fund managers draws on experience from over 8,000 meetings. Every year, meetings are held with around 300 fund managers to monitor the quality of the selected fund managers and generate a steady stream of new and attractive investment ideas.
Portfolio
Asset Allocation as at 31.05.2025
- Bond Funds (flexible)17.5 %
- Bond Funds Corporates12.7 %
- Equity Funds Global1.5 %
- Equity Funds Europe15.9 %
- Equity Funds USA8.5 %
- Equity Funds Japan4.1 %
- Equity Funds Asia3.5 %
- Event Driven Funds4.7 %
- Equity Funds Long/Short2.0 %
- Absolute Return Funds (Equity)12.2 %
- Absolute Return Funds (Bond)1.5 %
- Convertible Arbitrage Funds6.3 %
- Others4.3 %
- Cash5.5 %
Source: Sauren Finanzdienstleistungen GmbH & Co. KG
Totals may not add up to 100 % due to rounding.
The asset allocation may vary.
Top Holdings as at 31.05.2025
| Jupiter Dynamic Bond ESG | 6.9 % | |
|---|---|---|
| Lazard Rathmore Alternative Fund | 6.3 % | |
| Magallanes Value Investors UCITS European Equity | 6.2 % | |
| FS Colibri Event Driven Bonds | 4.7 % | |
| KL Event Driven UCITS Fund | 4.7 % |
Source: Sauren Finanzdienstleistungen GmbH & Co. KG
The allocation may vary.
Performance*
Performance of Sauren Responsible Balanced A as at 20.06.2025
The Investor would like to buy shares for 1,000.-- € and due to a 3.00% front-end load the total payable amount rises to 1,030.-- €. The gross performance (BVI method) is based on the published redemption prices of the Fund of Funds, which includes all costs incurred at the fund level (e.g. management fee), the net performance also includes the front-end load. The front-end load is only payable at the day of investment and therefore reduces the performance in the first year. In the following years no front-end load is considered, as such the net performance is not displayed in the bar chart as it is equal to the gross performance. Additional costs may be incurred at the investor level (e.g. custody costs). If the front-end load were taken into account in the line chart the performance in the chart would be lower.
Due to its composition / the techniques used for its management, the fund is exposed to increased volatility; this means that unit prices may be subject to considerable upward and downward fluctuations, even within short periods of time.
* The chart shows the performance of a Unit class launched in 2008. The Unit class is that of a fund that previously held another legal form, but was adapted in 2014 to meet European requirements for the funds business and has been UCITS-compliant since then. The Fund's performance before 14 October 2019 was delivered under conditions that are no longer valid. Changes were made to the Fund's investment policy on 1 January 2018 and to the Fund's investment objectives on 16 December 2017 (before that date, the name of the Fund was “Sauren Zielvermögen 2040”), as well as on 14 October 2019.
Past performance is not a reliable indicator of future performance.
Source: Sauren Fonds-Research AG
Key figures as at 31.05.2025
| Volatility | |
|---|---|
| 1 year, daily | 5.12% |
| 3 years, monthly | 5.82% |
| 5 years, monthly | 5.84% |
| Sharpe Ratio | |
|---|---|
| 3 years, monthly | 0.26 |
| 5 years, monthly | 0.67 |
| Value at Risk | 10 days | 20 days |
|---|---|---|
| 95.0 % Confidence level | -1.59% | -2.25% |
| 99.0 % Confidence level | -2.28% | -3.22% |
| 99.9 % Confidence level | -3.05% | -4.31% |
The volatility is calculated based on the historical fund prices over the stated time period. For 1 year the volatility is calculated using daily fund prices, for 3 and 5 years respectively it is based on the fund prices at month end. For the calculation of the Sharpe-Ratio the 1-Month-Euribor is defined as the risk free rate. The Value at Risk is calculated at the given confidence level and stated time period, based on the historical fund prices since inception.
Source: CleverSoft FondsDB & Sauren Fonds-Research AG
Key Facts
Synopsis (for further information see Factsheet & Sales prospectus)
| Legal form | Investment fund in the form of a Fonds Commun de Placement (FCP) | |||
|---|---|---|---|---|
| Fund Manager | Sauren Finanzdienstleistungen GmbH & Co. KG, Eckhard Sauren | |||
| Custodian | DZ PRIVATBANK S.A., société anonyme | |||
| Countries authorized for distribution | Germany, Luxembourg | |||
| Lifespan | unlimited | |||
| Asset Class | Modern Mult-Asset Fund of Funds | |||
| Share Class1 | Share Class A | Share Class 3F | Share Class D | Share Class H |
| Currency | EUR | EUR | EUR | EUR |
| Dividend Policy2 | Accumulation | Distribution (fix 3 % p. a.) | Distribution | Accumulation |
| Risk indicator / SRI | 3 | 3 | 3 | 3 |
| Partial Tax Exemption for Private German Investors | 15 % (Minimum Equity Participation Rate3 of the fund: 25 %) | 15 % (Minimum Equity Participation Rate3 of the fund: 25 %) | 15 % (Minimum Equity Participation Rate3 of the fund: 25 %) | 15 % (Minimum Equity Participation Rate3 of the fund: 25 %) |
| Launch Date | 18 February 2008 Changes were made to the Fund's investment policy on 1 January 2018 and to the Fund's objectives on 16 December 2017, as well as on 14 October 2019. | 29 March 2021 | 18 January 2022 | 8 June 2022 |
| ISIN | LU0313462318 | LU2322703146 | LU2385790584 | LU2480031207 |
| WKN | A0MX7N | A2QRUS | A3C2AS | A3DMN4 |
| Front-end Load | 3.00% | 3.00% | 0.00% | 0.00% |
| Redemption Fee | none | none | none | none |
| Management Fee | 0.50% p.a. | 0.50% p.a. | 0.50% p.a. | 0.60% p.a. |
| Distribution Fee | 0.65% p.a. | 0.65% p.a. | 0.85% p.a. | none |
| Administration Fee4 | up to 0.09% p.a. | up to 0.09% p.a. | up to 0.09% p.a. | up to 0.09% p.a. |
| Performance Fee | none | none | none | none |
| Minimum Investment | none | none | none | none |
1: Information on further possible share classes can be found in the current sales prospectus.
2: For those share classes for which “Distribution” is indicated under “Dividend Policy”, the intention is to only distribute the potentially low taxable portion of the positive income pursuant to German tax law. However, for unit class 3F “Distribution (fixed at 3% p.a.)” is indicated since, regardless of income and performance, 3% of the net asset value at the financial year-end for the unit class is distributed. The tax treatment is also dependent on the personal circumstances of the individual investor and may be subject to change in future.
3: The minimum equity participation rate is relevant for the German tax classification and does not offer a direct conclusion about the equity market exposure of the fund. The tax treatment is also dependent on the personal circumstances of the individual investor and may be subject to change in future.
4: From this fee, the management company as well as the central administration agent and the custodian are paid.
Opportunities1
- Participation in the appreciation of the different asset classes
- Attractive performance with defined return-risk profile over time
- Excess return over market average due to successful fund manager selection
- Active fund of funds management and continuous monitoring of portfolio positions
- Consideration of environmental, social and corporate governance aspects in the investment process
Risks1
- Risk of a loss in unit value due to general market risks (such as price, currency or liquidity risks)
- Risks arising from the target funds selected for the fund of funds and from the investment universe, including equity, bond, currency or derivative markets
- Risk of heightened unit price volatility due to the composition of the fund of funds or the potential use of derivatives
- Special risks arising from absolute return strategies (e.g. from derivatives)
- Actual fund investments take environmental, social and governance aspects into account differently than expected by investors
- The consideration of environmental, social and corporate governance aspects can have a negative impact on performance
- In general, every investment carries the risk of capital loss
- Risk that the investment targets of the fund of funds or target funds are not reached
1: Comprehensive information regarding opportunities and risks can be found in the current sales prospectus (which is available in German only).
When investing in the fund, please consider all characteristics and objectives as described in the current sales prospectus. Information on the aspects relevant to sustainability can be found at https://www.sauren.de/nachhaltigkeitsauswirkungen.
ESG-Scoring
The aim of the Sauren Responsibility Scoring is to analyze to what extent and how responsibly the target fund manager incorporates environmental aspects, social aspects and principles of corporate governance into the investment decision. The responsibility scoring procedure does not have the function of a seal of quality. Rather, it is a measurement procedure and its sole aim is to show the extent to which the above-mentioned aspects are taken into account by the fund in question. Further information on the procedure can be found here here.
Explanations of Sauren ESG-Scoring
Target fund selection takes into account the extent to which a target fund includes environmental aspects, social aspects or principles of sustainable corporate governance in its investment decisions (“ESG” = environment, social, governance). This means that target funds are subject to the Sauren ESG scoring process before any investment decision is made. The ESG scoring process is not designed to serve as a seal of quality. Rather, it is a measurement process with the sole objective of indicating the extent to which ESG aspects have been reflected/taken into account in the fund concerned. The fund takes the outcome of the process into account in its investment decisions and rules out investments in any target fund with an insufficient Sauren ESG score. You can find further information on Sauren’s ESG here.
Downloads
Tax data: (available only in German) see download area "Tax Data"
This is a marketing communication. Please refer to the current sales prospectus and to the Key Information Document, which must be made available to every investor prior to purchase, before making any final investment decisions.
This information constitutes neither an offer nor a solicitation to buy shares of any investment funds. Comprehensive information regarding opportunities and risks can be found in the current sales prospectus. Any investment application will be made solely on the basis of the information contained in the Key Information Document, the sales prospectus for that fund including all the terms of contract, the management regulation and the investment conditions, the most recently published and audited annual report and the last unaudited semi-annual report, which can be obtained in German from Sauren Fonds-Service AG, P.O. Box 10 28 54, 50468 Cologne, Germany (or online at http://www.sauren.de/) and the custodian IPConcept (Luxemburg) S.A., société anonyme (https://www.ipconcept.com/ipc/de/fondsueberblick.html) free of charge. The management company can decide to de-notify the arrangements made for the marketing of the funds pursuant to Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU. Further information on investor rights is available in German on the management company's website (https://www.ipconcept.com/ipc/de/anlegerinformation.html). The tax treatment depends on the individual circumstances of each investor. In particular, the investor is advised, if necessary with the assistance of an advisor, to check the information with regard to its compatibility with his own personal circumstances, legal, regulatory, tax and other consequences. No assurance can be given that the investment objectives will be achieved. This advertising communication is directed exclusively at interested parties in countries in which the funds mentioned are authorized for public distribution. Source: Sauren Fonds-Research AG