Factorklemtoon

Systematische factorblootstelling combineren met een bewuste selectie van operationele bedrijven.

Het portefeuille-idee

Systematische factorblootstelling combineren met een bewuste selectie van operationele bedrijven.

Als uitgangspunt gebruiken

15 beleggingen

PDF English

De analyse is nog niet gepubliceerd

Beleggingen, gewichten en afwegingen blijven beschikbaar. Opgeslagen metingen zijn momenteel niet beschikbaar.

Analyse opnieuw laden

Aandelen

55%

11 beleggingen · Doelbandbreedte 50–60%

Vanguard FTSE All-World AccIE00BK5BQT8023%

Rol: Broad developed and emerging equity markets.
Risico: Equity and currency losses; large and mid-sized companies only.

iShares World Value AccIE00BP3QZB595%

Rol: Systematic developed-market value exposure.
Risico: Value can lag for years and overlap the broad equity fund.

iShares World Quality AccIE00BP3QZ6015%

Rol: Systematic developed-market quality exposure.
Risico: Quality does not guarantee a fair price or protection from loss.

iShares World Momentum AccIE00BP3QZ8255%

Rol: Systematic developed-market momentum exposure.
Risico: Trend reversals and index turnover can hurt returns.

iShares World Small Cap AccIE00BF4RFH315%

Rol: Smaller companies across developed markets.
Risico: Higher liquidity and business-cycle risk; this is not a small-value fund.

MicrosoftUS59491810451%

Rol: Enterprise software and cloud services.
Risico: Heavy infrastructure spending and demanding expectations; overlaps the equity funds.

ASMLNL00102732151%

Rol: Semiconductor equipment and installed-base services.
Risico: Customer investment cycles, export restrictions and valuation risk.

Schneider ElectricFR00001219721%

Rol: Energy management and industrial automation.
Risico: Shares the data-centre spending cycle; acquisition and integration risk.

AllianzDE00084040053%

Rol: Insurance earnings, capital discipline and dividends.
Risico: Claims, capital requirements and financial-market losses can affect dividends.

ADPUS05301510363%

Rol: Payroll services and operating cash generation.
Risico: Employment sensitivity, client-fund rates and valuation risk.

NovartisCH00120052673%

Rol: Innovative medicines and pharmaceutical cash generation.
Risico: Patent expiries, clinical results and pricing decisions; ordinary Swiss share, not an ADR.

Obligaties

25%

1 belegging · Doelbandbreedte 20–30%

iShares Global Aggregate EUR Hedged AccIE00BDBRDM3525%

Rol: Global investment-grade bonds hedged to EUR.
Risico: Interest-rate and credit losses remain despite currency hedging.

Vastgoed

10%

1 belegging · Doelbandbreedte 5–15%

SPDR Global Real Estate DistIE00B8GF1M3510%

Rol: Listed global property companies and REITs.
Risico: Listed property carries equity, financing and interest-rate risk.

Grondstoffen

1 belegging · Doelbandbreedte 3–10%

iShares Diversified Commodity Swap AccIE00BDFL4P125%

Rol: Broad commodity-futures exposure through swaps.
Risico: Futures roll costs and swap-counterparty risk; no physical commodity basket.

Contanten

1 belegging · Doelbandbreedte 3–10%

Cash balance5%

Rol: Cash in the portfolio's base currency, separate from investment funds.
Risico: Inflation reduces purchasing power; no interest rate is assumed.

Het idee achter de opbouw

Fondsen voor value, kwaliteit, momentum en omvang staan naast zes geselecteerde bedrijven. Kleinere technologieposities beperken hun gedeelde investeringscyclus.

De afweging

De aandelen overlappen met de fondsen. Factoren kunnen jarenlang achterblijven, en de geselecteerde bedrijven voegen bedrijfs- en waarderingsrisico toe.