DFND.PA - 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 (3Y)

25.1% p.a.

Fallback

Max Drawdown (3Y)

-21.1%

Fallback

Sharpe Ratio

0.54

Good (0.5 - 1.0)

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

59.9%

Focused

Effective Holdings

~26

of 78 holdings

Top Sector

100.0%

Industrials

Top Region / Country

61.0%

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.

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	-4.1%
3 Years	25.1%	-21.1%	0.54	—
5 Years	—	—	—	—
10 Years	—	—	—	—

Notes & Warnings

⚠️ Elevated valuation: Avg P/E of 31.2

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (18 analysts)

⚠️ Elevated top 10 holdings concentration: 60% of fund in top 10 positions.

🔴 Severe sector concentration risk: 100% in "Industrials".

🔴 Extreme industry concentration: 97% in "Aerospace & Defense".

🔴 Growth estimates are hyper-concentrated: Top 3 growth drivers account for 70% of total forward growth.

🔴 Dominant Cyclicality: 100% in cyclical industries – higher drawdown risk in recessions.

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