MSOS - 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)

78.7% p.a.

5-Year Horizon

Max Drawdown (5Y)

-93.6%

Deepest Drawdown

Sharpe Ratio

-0.44

Negative (< 0.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

2 / 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

63.3%

Focused

Effective Holdings

~16

of 16 holdings

Top Sector

97.6%

Healthcare

Top Region / Country

92.0%

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.

Volatility Expansion (3Y > 5Y) High Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	-20.9%
3 Years	87.9%	-81.7%	-0.21	-15.6%
5 Years	78.7%	-93.6%	-0.44	-32.4%
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 12.8

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🔴 Low analyst coverage (1.5 analysts, higher growth estimate uncertainty)

🔴 Extreme top 10 holdings concentration: 63% of fund in top 10 positions.

🔴 Severe sector concentration risk: 98% in "Healthcare".

🔴 Extreme industry concentration: 98% in "Drug Manufacturers - Specialty & Generic".

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

🔴 51% of ETF holdings are unprofitable companies (severe cash-burn and fundamental financial risk).

🔴 Growth estimates are hyper-concentrated: Top 3 growth drivers account for 99% of total forward growth.

⚠️ Elevated Regulatory & Policy Risk: 99% in heavily regulated industries (defense, regulated utilities, healthcare policy).

🟢 Strong Defensive Buffer: 100% in crisis-resilient, non-cyclical sectors (consumer staples, healthcare, utilities).

⚠️ Elevated Short-Term Volatility: 3Y volatility (87.9%) is noticeably higher than the 5Y average (78.7%).

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (78.7% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -93.6% in the extended horizon.