LUX-PENSION 75%
Investment Objective and Policy
The objective of the sub-fund is to invest in euro-denominated "investment grade" bonds with a target weight of 25% of the NAV (Net Asset Value) of the sub-fund, and in mid and large-cap European equities with a maximum weight of 75% of the NAV.
The portfolio is actively managed on a discretionary basis without reference to a benchmark.
Risk indicator
Risk scale from 1 (Low risk) to 7 (High risk). The current value is 3.
We have classified this product in risk class 4 out of 7, which is a medium risk class.
Risks not included in the risk indicator: Exchange rate risk, liquidity risk, counterparty risk, operational risk.
Key Figures
-
NAV (cap.)on 06.11.2025229,83 EUR
-
Highest value of year (cap.)on 27.10.2025232,39 EUR
-
Lowest value of year (cap.)on 09.04.2025201,37 EUR
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Total assets of the subfund115.482.664 EUR
Price Evolution
Past performance is not indicative of future results.
Risk factors
The sub-fund is characterized by long-term growth potential in its net asset value (NAV) per share, driven by a significant allocation to equities, while market risk is partially diversified through exposure to the investment-grade bond market. Its NAV per share will fluctuate in line with price movements in the market for euro-denominated investment-grade bonds and in the mid- and large-cap European equity markets, in which the sub-fund targets a 25% allocation and may invest up to a maximum of 75%.
The investor is exposed to only limited currency risk, since bond investments are exclusively denominated in EUR. However, currency risk remains for equity investments denominated in GBP, CHF, SEK, DKK, and NOK. The NAV per share of the sub-fund is subject to relatively high volatility, and a loss of invested capital is possible in the medium to long term, particularly in the event of a prolonged downturn in European equity markets.
As the sub-fund may invest a minority portion in emerging markets, investing in the sub-fund may entail a higher degree of risk due to the political and economic conditions in emerging markets, which may affect the value of investments.
Technical characteristics
| Label | Value |
|---|---|
| Fund Type | SICAV Mixed Funds |
| Launch date | 14.10.2002 |
| Reference currency | EUR |
| Stock Type |
CAP. |
| Retenue LU | No |
| Retenue UE | No |
| Calculation of the NAV |
Daily
For every subscription today (day D) before noon (Luxembourg time), the NAV applicable will be the NAV dated today (D), which will be calculated and published the next day (day D+1), except for Sundays and holidays.
|
| ISIN Code (cap) EUR | LU0151358164 |
| Bloomberg Code |
LXPEN75 (CAP) |
| Cut-off time | 12:00 (GMT+1) |
SFDR information
The sub-fund does not take environmental or social criteria into account.
Fees
| Label | Value |
|---|---|
| Entry fee (max) | 2,50 % |
| Exit fee (max) | 1,00 % |
Ongoing costs taken each year
| Label | Value |
|---|---|
| Management fees and other administrative or operating costs | 1,30 % |
| Transaction costs | 0,40 % |
| Performance fees | There is no performance fee for this product. |
Detailed Informations about the fees and charges are in our publication concerning the main banking fees available at www.spuerkeess.lu and in our branches.
Average annual performance*
| Label | Value |
|---|---|
| Year to date (31.12.2024) | 12,08 % |
| over 1 month (06.10.2025) | 0,51 % |
| over 3 months (06.08.2025) | 19,34 % |
| over 6 months (06.05.2025) | 7,04 % |
| over 1 year (06.11.2024) | 10,78 % |
| over 3 years (04.11.2022) | 8,45 % |
| over 5 years (06.11.2020) | 6,30 % |
| over 10 years (06.11.2015) | 2,76 % |
| since creation (14.10.2002) | 3,67 % |
Allocation
Investment allocation
- Equities : 73,51 %
- Bonds : 23,76 %
- Cash : 2,73 %
Geographical breakdown of the equity investments
- France : 28,61 %
- Britain : 19,46 %
- Others : 15,44 %
- Germany : 11,58 %
- Switzerland : 10,37 %
- Netherlands : 8,91 %
- Italy : 5,62 %
Sector breakdown of the equity investment
- Financials : 22,52 %
- Industrials : 19,57 %
- Health Care : 12,58 %
- Consumer Staples : 9,52 %
- Information Technology : 8,15 %
- Consumer Discretionary : 7,89 %
- Materials : 6,58 %
- Communication Services : 4,79 %
- Utilities : 4,39 %
- Energy : 3,76 %
- Real Estate : 0,25 %
Breakdown of the fixed income investment
- Governemental : 67,49 %
- Corporate : 32,51 %
Maturity structure (Direct lines)
- 1-4y : 36,93 %
- 4-7y : 27,34 %
- 7-10y : 26,88 %
- +10y : 7,76 %
- 0-1y : 1,10 %
Primary Investments
Fixed Income Performance Metrics
| Bonds | % | Infos |
|---|---|---|
| Duration | 5,27 | |
| Yield to Maturity | 2,71 |
Top equity investments
| Bonds | % | Infos |
|---|---|---|
| ASML Holding NV | 2,76 % | Information Technology |
| AstraZeneca Plc | 2,23 % | Health Care |
| Rio Tinto Plc | 1,83 % | Materials |
| Ferrovial SE | 1,59 % | Industrials |
| UBS Group Inc | 1,57 % | Financials |
Top bond investments
| Bonds | % | Infos |
|---|---|---|
| Espana 1.85% Sen 144A Reg S spons 19/30.07.35 | 0,70 % | Govies |
| Italia 4% Ser 7Y 23/15.11.30 | 0,66 % | Govies |
| Netherlands 0% 144A 21/15.07.31 | 0,61 % | Govies |
| Finland 2.875% 144A 23/15.04.29 | 0,59 % | Govies |
| Deutschland 3.25% 10/04.07.42 | 0,58 % | Govies |
Taxation
Important Note
Please note that the above subfund may only be distributed in Luxembourg. Shares of funds of our lux|funds range may not be sold to US Persons.
Any subscription must be done on the basis of the fund's prospectus in effect at the time of subscription and the KIID ("Key Investor Information Document"), accompanied by the latest annual report or, if more recent, the latest interim report.
For every subscription today (day D) before noon (Luxembourg time), the NAV applicable will be the NAV dated today (D), which will be calculated and published the next day (day D+1), except for Sundays and holidays.
The indicated historical performance levels are not a guarantee of similar growth in value in the future. Losses of value cannot be ruled out, and Spuerkeess may not be held liable for them. The actuarial yield represents the yield obtained when a bond portfolio is held to maturity.
The level of risk is determined on the basis of the historical performance of the last five years and should not be considered a reliable indicator of the future risk profile of the compartment. It represents the risk of fluctuations in the net asset value per share and may change over time. Level 1 represents the lowest risk, and level 7 represents the highest risk. The higher the risk, the longer the recommended investment period. For details on the risks involved, please consult the KIID.
The entry and exit charges are those indicated in the prospectus. The actual applicable charges are in our publication concerning the main banking fees available at www.spuerkeess.lu and in our branches.
Tax information about the fund is available at www.luxfunds.lu and at Spuerkeess branches. It is recommended that investors consult their own legal and tax advisers before investing in the fund.
This document is provided solely for information purposes and cannot be considered legal, tax, or investment advice.