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ACATIS Value Event Fonds

Event-driven balanced fund investing according to value principles

Investment philosophy

The fund combines the philosophy of value investing with an "event-driven value" approach. The aim is to reduce fundamental risks in the selection of the fund's positions by focusing on companies with strong business quality. The fund is invested in accordance with Art. 8 of the EU Disclosure Regulation. ACATIS has defined 54 sustainability criteria that investors have rated as "very important". Exclusion criteria were defined by the majority of those surveyed. Companies that breach these requirements are only supposed to be included in the portfolio if their cumulative portion does not exceed 10% of fund assets.

 

NEW: Monthly distribution of 0.5% in the Share Class C
To the notification

 

 

 

Investment report December 2024 - View into the portfolio

Prosus: One of the most valuable technology investment companies in Europe 
 

Prosus, a Dutch holding and investment com-pany, has firmly established itself as one of Eu-rope's most valuable listed technology groups since its foundation in 2019. With a broadly diversified portfolio focussing on growth sectors such as e-commerce, food delivery and ed-tech, the company plays a key role in the inter-national technology landscape.

Prosus was established in 2019 as a subsidiary of the South African Naspers Group, which was one of the largest media and internet groups in the world due to its early investment in the Chinese Tencent Group. The main motivation behind this spin-off was to reduce the valuation discount on the extensive investment portfolio and make the "intrinsic value" more visible, thereby increasing the company's value. Prosus was listed on the Amsterdam stock exchange and took over most of the portfolio companies held by Naspers, including in particular the valuable 25 per cent stake in the Chinese technology group Tencent.

Prosus' investment portfolio reflects a strategic focus on dynamic, future-orientated sectors. The three core areas of the company are:

e-Commerce: Prosus invests in platforms that are changing consumer habits worldwide, from marketplaces to specialised niche platforms.

Food delivery: Prosus holds investments in leading providers in the booming delivery service industry that are benefiting from global trends such as urbanisation and digitalisation

Ed-Tech: By investing in innovative education platforms, Prosus is helping to make education more accessible and effective worldwide. Thanks to these strategic investments, Prosus is now one of Europe's leading technology companies.

Prosus is financially solid, even though the net cash position has fallen slightly compared to previous figures. It currently stands at around 1.8 billion euros. In the last two years, the company has bought back around 22% of its outstanding shares, which demonstrates the management's confidence in the value of its investments and Prosus' growth potential.

With its targeted investments and financial stability, Prosus is well positioned to benefit from global trends in technology and digitalisation. The continuous expansion into growth markets such as e-commerce, food delivery and ed-tech promises further potential for value creation. Prosus is more than just a holding company. It is a driver of innovations and technologies that are fundamentally changing our lives. 

Sincerely yours

Johannes Hesche

 

 


Product data

Investment CompanyACATIS Investment
DomicilGermany
CustodianHauck Aufhäuser Lampe Privatbank AG
Investment categoryBalanced Funds
Fiscal year end30.09.

Key data

Share class A

Repurchase price396,92 EUR (18.02.2025)
Security code numberA0X754
IsinDE000A0X7541
Benchmark50% MSCI World GDR (EUR), 50% Euro Short-Term Rate
DistributionDividends reinvested
Date of inceptionDecember 15, 20
Front end fee5%
Minimum Investmentnone
Permission for public distributionGermany, Austria, Switzerland, France, Spain, Netherlands, Portugal, Luxembourg, Italy

Share class B

Repurchase price27.833,30 EUR (18.02.2025)
Security code numberA1C5D1
IsinDE000A1C5D13
Benchmark50% MSCI World GDR (EUR), 50% Euro Short-Term Rate
DistributionDividends reinvested
Date of inceptionOctober 13, 201
Front end fee4%
Minimum Investmentnone
Permission for public distributionGermany, Austria, Switzerland, France, Spain, Netherlands, Luxembourg

Share class C

Repurchase price1.434,30 EUR (18.02.2025)
Security code numberA1T73W
IsinDE000A1T73W9
Benchmark50% MSCI World GDR (EUR), 50% Euro Short-Term Rate
DistributionDividends distributed monthly
Date of inceptionJuly 10, 2013
Front end fee5%
Minimum Investmentnone
Permission for public distributionGermany, Austria, Switzerland, France, Spain, Netherlands, Portugal, Luxembourg

Share class D

Repurchase price2.038,91 EUR (18.02.2025)
Security code numberA2DR2M
IsinDE000A2DR2M0
Benchmark50% MSCI World GDR (EUR), 50% Euro Short-Term Rate
DistributionDividends distributed
Date of inceptionJune 7, 2017
Front end feecurrently 0%
Minimum Investment50,000,000 Euro for initial investment
Permission for public distributionGermany

Share class E

Repurchase price1.672,25 EUR (18.02.2025)
Security code numberA2JQJ2
IsinDE000A2JQJ20
Benchmark50% MSCI World GDR (EUR), 50% Euro Short-Term Rate
DistributionDividends reinvested
Date of inceptionOctober 11, 201
Front end feecurrently 0%
Minimum Investment50,000,000 Euro for initial investment
Permission for public distributionGermany

Share class F

Repurchase price14.850,96 USD (18.02.2025)
Security code numberA2P0U0
IsinDE000A2P0U09
Benchmark50% MSCI World GDR (USD), 50% Euro Short-Term Rate
DistributionDividends reinvested
Date of inceptionJune 15, 2020
Front end fee4%
Minimum Investmentnone
Permission for public distributionGermany, Switzerland

Share class X (TF)

Repurchase price154,95 EUR (18.02.2025)
Security code numberA2H7NC
IsinDE000A2H7NC9
Benchmark50% MSCI World GDR (EUR), 50% Euro Short-Term Rate
DistributionDividends distributed
Date of inceptionDecember 22, 20
Front end feecurrently 0%
Minimum Investmentnone
Permission for public distributionGermany, Austria, Switzerland, France, Spain, Netherlands, Luxembourg

Share class Y (CHF TF)

Repurchase price143,14 CHF (18.02.2025)
Security code numberA2PB53
IsinDE000A2PB531
Benchmark50% MSCI World GDR (CHF), 50% Euro Short-Term Rate
DistributionDividends distributed
Date of inceptionFebruary 28, 20
Front end feecurrently 0%
Minimum Investmentnone
Permission for public distributionGermany, Switzerland

Share Class Z (TF)

Repurchase price131,27 EUR (18.02.2025)
Security code numberA2QCXQ
IsinDE000A2QCXQ4
Benchmark50% MSCI World GDR (EUR), 50% Euro Short-Term Rate
DistributionDividends reinvested
Date of inceptionNovember 19, 20
Front end fee0%
Minimum Investmentnone
Permission for public distributionGermany, France, Spain, Luxembourg, Switzerland, Netherlands

Fund Video

Downloads

Daily Report
Share class A
Share class B
Share class C
Share class F
Share class X (TF)
Share class Y (CHF TF)
Monthly Report
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Share class B
Share class C
Share class F
Share class X (TF)
Share class Y (CHF TF)
Share Class Z (TF)
Investment report
Key Information Document (KID) ES
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Key Information Document (KID) IT
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Key Information Document (KID) NL
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Yield Triangle
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Share class Y (CHF TF)
Opportunities / Risks
ESG-Annex
Annual Report
Prospectus
CEPT
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Share class C
Share class X (TF)
Share Class Z (TF)
EET
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Share class B
Share class C
Share class D
Share class E
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EMT
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EPT
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Tax data for Italy / Richiesta Dati per fiscalità
Presentation of past performance (KID) NL
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Presentation of past performance (KID) EN
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Share class F
Share class X (TF)
Share class Y (CHF TF)
Share Class Z (TF)
Presentation of past performance (KID) IT
Share class A
Presentation of past performance (KID) PT
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Share class C
Presentation of past performance (KID) ESP
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SFDR article 10 NL
SFDR article 10 EN
SFDR article 10 IT
SFDR article 10 PT
SFDR article 10 ESP