The Intrinsic Fund
Long-term investments in a concentrated portfolio of equity holdings
10-15 holdings in excellent companies
The Intrinsic Fund invests in a concentrated portfolio of 10 to 15 companies globally. This concentration is the result of an intensive, fundamental research process that creates a deep understanding of business models, industry dynamics and competitive structures. The goal is to invest in excellent companies regardless of short-term market volatility and to participate in their operational developments over many years.
Intrinsically motivated entrepreneurs
The intrinsic motivation of an entrepreneurs is a central success factor for the operational development of companies. The Intrinsic Fund focuses on companies whose founders or owner families are operationally engaged and hold a significant stake in the company.
These entrepreneurs think in decades, not in quarters, and their goals are oriented towards long-term value creation per share. Their interests are thus naturally aligned with our own expectations as a long-term oriented investor. The fund advisor’s interests are also aligned with all investors, as he has invested the majority of his capital in the Intrinsic Fund.
Global Orientation of the Intrinsic Fund
The focus is also deliberately directed beyond Europe and North America, as structural growth is increasingly taking place on continents such as Latin America and Asia, which are an important part of the investment universe. For many years, companies in Latin America, Asia and Africa have been analyzed and a network of long-term investors has been built up. Over these years, the conviction has grown that some of the most impressive entrepreneurs and most promising investment opportunities can be found on these continents.
The Fund's Long-Term Investors are its greatest competitive advantage
The greatest competitive advantage of the Intrinsic Fund lies in the quality of its investors: they share the long-term investment horizon and thus create the conditions for accompanying company developments over many years. This perspective opens up the opportunity to exploit market inefficiencies in a targeted manner – particularly in the case of excellent, high-growth companies whose long-term potential is regularly underestimated by the market.
Details on the Intrinsic Fund
| Fund name | Intrinsic |
|---|---|
| Fund advisor | CL Capital GmbH |
| KVG | Monega Kapitalanlagegesellschaft mbH |
| Liability umbrella | NFS Netfonds Financial Services GmbH |
| Depositary | HSBC Continental Europe S.A. |
| Fund profile | Equity fund |
| Investment objective | High absolute return while limiting fundamental risks |
| Edition | 29.03.2019 |
| Domicile / Currency | Germany / Euro |
| Allocation of income | Accumulating |
I-Class
R-Class
| ISIN | DE000A2N68Z3 |
|---|---|
| WKN | A2N68Z |
| Minimum Investment | EUR 10,000 |
| Started | March 29, 2019 |
| TER | 1.36% |
| Performance Fee | up to 10 % of the excess return over 6 %, but max. 10 % of the volume of the unit class, perpetual high watermark |
| Sales Charge | 0% |
| Redemption Fee | 0% |
| Links | Daily Fact-Sheet Brochure |