IGM - Risk

Risk & Diversification Scores

Transparent evaluation of price volatility (SRI) and 4-dimensional portfolio diversification.

Volatility Risk Score

7/7 Very High

7 / 7 SRI PRIIPs Risk Class

Very high volatility or fundamental risks. Significant loss potential; strictly for aggressive investors.

Volatility (5Y)

26.4% p.a.

5-Year Horizon

Max Drawdown (5Y)

-40.9%

Deepest Drawdown

Sharpe Ratio

0.67

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

37 / 100 Portfolio Diversification

4 Dimensions: Holdings (30%) • Sectors (25%) • Industries (25%) • Regions (20%)

High concentration risk: A few heavyweights drive the majority of fund value.

Top 10 Holdings

57.4%

Focused

Effective Holdings

~30

of 274 holdings

Top Sector

85.2%

Technology

Top Region / Country

96.5%

United States

Elevated concentration in top individual holdings, leading sectors, or key regions.

Multi-Horizon Risk & Performance Matrix

Historical volatility, drawdowns, and risk-adjusted return across 1, 3, 5, and 10 years.

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+32%
3 Years	24.4%	-26.4%	1.43	+37.5%
5 Years	26.4%	-40.9%	0.67	+20.2%
10 Years	24.9%	-40.9%	0.84	+23.5%

Notes & Warnings

⚠️ Elevated valuation: Avg P/E of 30.9

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🟢 High institutional analyst coverage (36 analysts)

⚠️ Elevated top 10 holdings concentration: 57% of fund in top 10 positions.

🔴 Severe sector concentration risk: 85% in "Technology".

⚠️ Industry concentration: 32% in "Semiconductors".

🔴 Non-UCITS Fund: Cannot be purchased directly via EU brokers under PRIIPs rules. Trading requires tokenized assets (e.g. Robinhood) or US access.

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 46% of forward growth.

ℹ️ Tech-Capex Exposure: 58% in semiconductors & hardware – dependent on hyperscaler capex cycles.

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -40.9% in the extended horizon.