FACTSHEET - 01.03.2016 Modulor Deep Value Index BESCHREIBUNG Der Index besteht aus einem diversifizierten Portfolio von Aktien, die deutlich unterbewertet sind. Eine Unterbewertung wird festgestellt, wenn vier Bewertungsmodelle unabhängig voneinander zum gleichen Ergebnis kommen. Das erste Modell ist ein einfaches, robustes, aussagekräftiges Bewertungsmodell mit sehr kurzfristigem Zeithorizont basierend auf Analystenschätzungen. Das zweite Modell nutzt die klassische Penman-Formel zur Unternehmensbewertung. Das dritte Modell nimmt eine empirisch gewonnene Kombination wesentlicher Komponenten des großen Bewertungsmodells zur Unternehmensbewertung. Das letzte Modell bewertet anhand von Kennziffern nach der Analysemethode Random Forest. Je mehr Positivvoten" unsere Modelle abgaben, desto höher die erwartete Kursentwicklung. Titel mit einer hohen Marktkapitalisierung werden in der Selektion bevorzugt. In der Allokation gibt es keine Länder- oder Branchenvorgaben. Die Einzeltitel sind gleichgewichtet." HISTORISCHE WERTENTWICKLUNG* 170 160 150 140 130 120 110 100 Jan-2013 May-2013 Sep-2013 Jan-2014 May-2014 Sep-2014 Jan-2015 May-2015 Sep-2015 Jan-2016 STAMMDATEN ISIN/WKN Bloomberg / Reuters Index Berechner Index Typ Index Währung Index Komponenten Dividenden DE000SLA1MU4 / SLA1MU MODDV Index / .MODDV Solactive AG Equity EUR 51 Included (Total Return Index) Basiswert / Basisdatum Aktueller Stand 52W Hoch 52W Tief Berechnung Historie 100 Points / 31.12.2012 138.3224 174.91 120.96 09:00am to 10:30pm (CET), every 15 seconds Available daily back to 31.12.2012 FACTSHEET - 01.03.2016 Modulor Deep Value Index STATISTIKEN 30T 90T 180T 360T lfd. J Seit Auflage 1.3% -11.2% -6.0% -15.3% -5.3% 38.3% Performance (p.a.) 17.3% -38.2% -11.8% -15.5% -27.7% 10.8% Volatilität (p.a.) 29.2% 27.2% 23.6% 22.1% 29.0% 15.9% Hoch 138.32 155.71 158.34 174.91 146.03 174.91 Tief 120.96 120.96 120.96 120.96 120.96 99.58 0.60 -1.40 -0.49 -0.70 -0.96 0.68 -11.4% -22.6% -23.6% -30.8% -17.2% -30.8% EUR Performance Sharpe Ratio Max. Drawdown VaR 95 \ 99 -40.5%\-56.8% -26.3%\-43.3% CVaR 95 \ 99 -54.4%\-85.5% -38.6%\-60.3% WÄHRUNGS EXPOSURE LÄNDER EXPOSURE USD 63.2% US 58.7% EUR 6.3% IN 5.5% INR 5.5% RU 5.3% RUB 5.3% BR 5.0% Others 19.8% Others 25.6% TOP KOMPONENTEN Ticker Währung Land Firma Gewicht ALRS RX Equity RUB RU ALROSA PAO 2.53% 3008 TT Equity TWD TW LARGAN PRECISION 2.46% GWW UN Equity USD US WW GRAINGER INC 2.35% TCELL TI Equity TRY TR TURKCELL ILETISIM HIZMETLERI AS 2.32% BBY UN Equity USD US BEST BUY CO INC 2.32% TIET11 BS Equity BRL BR AES TIETE ENERGIA SA 2.28% STL NO Equity NOK NO STATOIL ASA 2.28% SOL SJ Equity ZAR ZA SASOL LTD 2.28% EMR UN Equity USD US EMERSON ELECTRIC CO 2.26% BAX UN Equity USD US BAXTER INTL. 2.25% CA UW Equity USD US CA INC 2.22% MTSS RX Equity RUB RU MOBILE TELESYSTEMS PJSC 2.21% ORCL UN Equity USD US ORACLE CORP 2.20% UNH UN Equity USD US UNITEDHEALTH GROUP INC 2.19% FACTSHEET - 01.03.2016 Modulor Deep Value Index Realtime Preise, einen Index Guide sowie weitere Informationen finden Sie auf www.solactive.com * Past performance is no guarantee of future results and may be lower or higher than current performance. Index returns are no guarantee for any returns of financial products linked to the index. Any performance information regarding financial products linked to the index can reflect temporary waivers of expenses and/or fees and does not include insurance/annuity fees and expenses. This info service is offered exclusivley by Solactive AG, Guiollettstr. 54, D-60325 Frankfurt am Main, E-Mail [email protected] | Disclaimer: The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument. This document is for the information and use of professional advisers only. Remember, the information in this document does not constitute tax, legal or investment advice and is not intended as a recommendation for buying or selling securities. The information and opinions contained in this document have been obtained from public sources believed to be reliable, but no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. Solactive AG and all other companies mentioned in this document will not be responsible for the consequences of reliance upon any opinion or statement contained herein or for any omission. | Solactive AG, 2013. All rights reserved.