KROP - 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)

22.0% p.a.

5-Year Horizon

Max Drawdown (5Y)

-59.9%

Deepest Drawdown

Sharpe Ratio

-0.65

Negative (< 0.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

51 / 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

77%

Focused

Effective Holdings

~16

of 31 holdings

Top Sector

40.3%

Industrials

Top Region / Country

47.7%

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	—	—	—	+13.1%
3 Years	18.5%	-20.2%	0.07	+3.7%
5 Years	22.0%	-59.9%	-0.65	-11.7%
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 15.5

🟢 Deep market liquidity & capital coverage (Tier 1)

⚠️ Fund closure risk (< 50M € AUM)

🟡 Moderate analyst coverage (11.9 analysts)

🔴 Extreme top 10 holdings concentration: 77% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 28% Emerging Markets.

⚠️ Sector concentration: 35% in "Basic Materials".

⚠️ Sector concentration: 40% in "Industrials".

⚠️ Industry concentration: 35% in "Agricultural Inputs".

⚠️ Industry concentration: 39% in "Farm & Heavy Construction Machinery".

🔴 Growth estimates are hyper-concentrated: Top 3 growth drivers account for 66% of total forward growth.

🔴 High Commodity Concentration: 39% of fund depends directly on volatile energy and raw material markets.

🔴 Dominant Cyclicality: 75% in cyclical industries – higher drawdown risk in recessions.

⚠️ Elevated Interest Rate Sensitivity: 39% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -59.9% in the extended horizon.