TLCO.AS - Risk

Risk & Diversification Scores

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

Volatility Risk Score

5/7 Elevated

5 / 7 SRI PRIIPs Risk Class

Above-average volatility. Suitable for experienced investors with high risk tolerance (5+ years horizon).

Volatility (3Y)

16.1% p.a.

Fallback

Max Drawdown (3Y)

-13.0%

Fallback

Sharpe Ratio

0.86

Good (0.5 - 1.0)

Rec. Holding Period

5 - 10+ Years

Investment Horizon

Elevated Risk / Growth: Score Basis:

Diversification Score

High Concentration (> 50%)

0 / 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

69.6%

Focused

Effective Holdings

~20

of 53 holdings

Top Sector

95.9%

Communication Services

Top Region / Country

42.3%

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	—	—	—	+2%
3 Years	16.1%	-13.0%	0.86	—
5 Years	—	—	—	—
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 10.5

🟢 Deep market liquidity & capital coverage (Tier 1)

⚠️ Fund closure risk (< 50M € AUM)

🟡 Moderate analyst coverage (15.5 analysts)

🔴 Extreme top 10 holdings concentration: 70% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 31% Emerging Markets.

🔴 Severe sector concentration risk: 96% in "Communication Services".

🔴 Extreme industry concentration: 96% in "Telecom Services".

⚠️ Elevated Interest Rate Sensitivity: 98% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Elevated Regulatory & Policy Risk: 97% in heavily regulated industries (defense, regulated utilities, healthcare policy).

🟢 Strong Defensive Buffer: 97% in crisis-resilient, non-cyclical sectors (consumer staples, healthcare, utilities).