Income Defensive (EUR)
Arion
115
120
110
105
100
95
90
2022
2021
2023
2024
2025
115.9
Income Defensive (EUR)
Arion
2021
115
120
110
105
100
95
90
2022
2023
2024
2025
115.9
Income Defensive
Arion
(EUR)
2021
2022
2023
2024
2025
115
120
110
105
100
95
90
115.9
Track Record EUR (Live)
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD
2021
2022
2023
2024
2025
-1.5%
2.7%
-0.3%
1.3%
0.6%
0.7%
1.9%
1.5%
2.3%
0.9%
2.3%
5.3%
2.6%
3.0%
-1.3%
-2.7%
-0.8%
1.2%
1.1%
-0.3%
0.9%
1.4%
1.2%
-1.1%
-12.2%
-1.0%
0.8%
0.8%
-1.8%
-1.5%
1.6%
-2.8%
-0.6%
-3.0%
0.8%
-3.4%
-2.6%
5.9%
2.0%
-1.2%
1.9%
-2.0%
1.5%
1.2%
0.9%
0.4%
0.8%
0.2%
0.0%
2.2%
-1.1%
-2.2%
-0.7%
1.6%
1.8%
1.5%
0.5%
2.0%
1.9%
-0.3%
-0.3%
7.0%
10.7%
-2.0%
Comment current month
-0.3%
Return current month
+7.0%
Return YTD
Comment current month
-0.3%
Return current month
+7.0%
Return YTD
Comment current month
-0.3%
Return current month
+7.0%
Return YTD
For the full year 2025, the fund achieved a return of +7.0% in EUR and +4.6% in CHF.
Towards the end of the month December, the markets moved on average within the corridors predefined in the investment strategy. The proportion of option premiums in the overall portfolio - a good indicator of the maximum possible loss of the portfolio in the event of any further very strong stock market correction - stood at 9.3% towards the end of the month.
Towards the end of the month December, the markets moved on average within the corridors predefined in the investment strategy. The proportion of option premiums in the overall portfolio - a good indicator of the maximum possible loss of the portfolio in the event of any further very strong stock market correction - stood at 9.3% towards the end of the month.
Looking ahead, the strategy remains well positioned. The maximum risk of loss remains strictly limited thereby protecting the invested capital through the applied hedging mechanism, while maintaining the ability to participate in further positive developments across global equity markets.
-0.6%
in CHF hedged
-0.3%
Return p.a.
5.0%
5.2%
0.7
70.0%
Volatility p.a.
Sharpe Ratio
Share of positive
months
months
All key figures are annualized. Volatility is measured in standard deviation.
Time period: 01.01.2006 - 23.02.2021 backtesting (net returns excl. mgmt. Fee), live since 24.02.2021 with net returns incl. mgmt fee (share class S).
Time period: 01.01.2006 - 23.02.2021 backtesting (net returns excl. mgmt. Fee), live since 24.02.2021 with net returns incl. mgmt fee (share class S).
In December our flagship investment approach Arion Income Defensive, investable via the UCITS fund Anteo Income Defensive, recorded a return of
in EUR