MainFirst –
Germany Fund
MainFirst Germany Fund is a German equity fund. Investments are made primarily in hidden champions, i.e. fast-growing, undervalued SMEs that are characterised by fundamental profitability, solid balance sheets and the potential for long-term earnings growth. The aim is to benefit from revaluations and growth potential in the long run.
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MainFirst – Germany Fund
More about the fund
As a German equity fund, MainFirst Germany Fund invests primarily in fast-growing, undervalued German SMEs. These hidden champions have a few features in common: solid balance sheets, high levels of profitability and the potential for long-term earnings growth. It is often the case that the management board holds a stake in the company or established it itself. This can include both companies with large market capitalisation and small or mid-cap companies.
The active selection process starts with an in-depth analysis of potential targets. For fund manager Olgerd Eichler and his team, it is a qualitative assessment of the company’s management, in addition to the quantitative findings of the fundamental analysis, that plays the decisive role in the stock selection process. Intensive on-site discussions between the fund management team and the management of targeted companies are part of the selection strategy. This focused, bottom-up analysis is the only way to tap into special long-term return potential for investors. Based on this knowledge, we pick suitable stocks and buy them at affordable prices. The result of this active selection process is a concentrated, benchmark-unaware portfolio of around 40 stocks. We deliberately opt for a long-term investment horizon in order to benefit from revaluations and growth potential.
The fund management team consists of Olgerd Eichler, Evy Bellet and Max Vogel.
Opportunities
- Flexible investment policy without benchmarking
- Equity funds: price increases based on market, sector and company developments
- Foreign exchange gains, if applicable
Risks
- Equity funds: price reductions based on market, sector and company developments
- Generally: country risk, solvency and/or credit risks of issuers and/or counterparties
- Use of derivative financial instruments, if applicable
- Foreign exchange risks, if applicable
- The share value may drop below the purchase price the customer paid for the share at any
time.
For detailed information on opportunities and risks, please refer to the current sales prospectus.
UNPRI
MainFirst is committed to the Principles for Responsible Investment (UNPRI) for all investments.
ESG risk analysis
For us, sustainable investing means incorporating ESG risks as a key aspect of the investment process into our investment decisions. During this process, the companies in the MainFirst Germany Fund are also checked for existing ESG risks using the database of the external rating agency Sustainalytics. This is primarily a qualitative process.
active dialogue
We engage in an active dialogue with the representatives of the companies in our portfolio positions. This facilitates a constructively critical exchange on strategic and sustainability-oriented topics. Through this commitment, we aim to achieve an improvement in the ESG profile at company level. Companies with serious risks ("Severe Risk") are assessed separately and their management is approached individually to remedy and improve the relevant issues. For us, this also includes actively exercising voting rights and carrying out regular performance reviews.
SECTOR EXCLUSIONs (PRODUcT ENGAGEMENT)
In addition, the fund management team wants to make the world a better place by actively investing sustainably. Therefore, we strengthen the sustainability approach of the MainFirst Germany Fund by excluding other sectors:
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Energy & Environment:
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Value-based sectors:
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Defence & Military:
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GLOBAL STANDARDS
The exclusion of companies that do not meet the criteria of human rights, labour rights, environment or anti-corruption according to the Global Standards of the UN Global Compact is also a basic requirement of the investment.
ESG LabelS
Independent ESG labels provide clarity and act as a compass for investors when deciding on sustainable investment solutions. They are characterised by objective standards, credibility and transparency.
The "FNG label" as the quality standard for sustainable investment funds in German-speaking countries (Germany I Switzerland I Austria) was awarded to the fund.
FNG Sustainability Profile
The FNG Sustainability Profile provides an overview of the sustainability criteria used and other key data on the fund and serves as a guide for selecting sustainable retail funds. The FNG Sustainability Profile is based on the FNG-Matrix - a database for all information about sustainable mutual funds.
Legal notices
This marketing communication is for information purposes only. It may not be passed on to persons in countries where the fund is not authorized for distribution, in particular in the USA or to US persons. The information does not constitute an offer or solicitation to buy or sell securities or financial instruments and does not replace investor- and product-related advice. It does not take into account the individual investment objectives, financial situation, or particular needs of the recipient. Before making an investment decision, the valid sales documents (prospectus, key information documents/PRIIPs-KIDs, semi-annual and annual reports) must be read carefully. These documents are available in German and as non-official translations from ETHENEA Independent Investors S.A., the custodian, the national paying or information agents, and at www.ethenea.com. The most important technical terms can be found in the glossary at www.ethenea.com/glossary/. Detailed information on opportunities and risks relating to our products can be found in the currently valid prospectus. Past performance is not a reliable indicator of future performance. Prices, values, and returns may rise or fall and can lead to a total loss of the capital invested. Investments in foreign currencies are subject to additional currency risks. No binding commitments or guarantees for future results can be derived from the information provided. Assumptions and content may change without prior notice. The composition of the portfolio may change at any time. This document does not constitute a complete risk disclosure. The distribution of the product may result in remuneration to the management company, affiliated companies, or distribution partners. The information on remuneration and costs in the current prospectus is decisive. A list of national paying and information agents, a summary of investor rights, and information on the risks of incorrect net asset value calculation can be found at www.ethenea.com/legal-notices/. In the event of an incorrect NAV calculation, compensation will be provided in accordance with CSSF Circular 24/856; for shares subscribed through financial intermediaries, compensation may be limited. Information for investors in Switzerland: The home country of the collective investment scheme is Luxembourg. The representative in Switzerland is IPConcept (Suisse) AG, Bellerivestrasse 36, CH-8008 Zurich. The paying agent in Switzerland is DZ PRIVATBANK (Suisse) AG, Bellerivestrasse 36, CH-8008 Zurich. Prospectus, key information documents (PRIIPs-KIDs), articles of association, and the annual and semi-annual reports can be obtained free of charge from the representative.
Information for investors in Belgium: The prospectus, key information documents (PRIIPs-KIDs), annual reports, and semi-annual reports of the sub-fund are available free of charge in German upon request from ETHENEA Independent Investors S.A., 16, rue Gabriel Lippmann, 5365 Munsbach, Luxembourg, and from the representative: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg. Despite the greatest care, no guarantee is given for the accuracy, completeness, or timeliness of the information. Only the original German documents are legally binding; translations are for information purposes only. The use of digital advertising formats is at your own risk; the management company assumes no liability for technical malfunctions or data protection breaches by external information providers. The use is only permitted in countries where this is legally allowed. All content is protected by copyright. Any reproduction, distribution, or publication, in whole or in part, is only permitted with the prior written consent of the management company.
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