ALAU.L - Risk

Risk & Diversification Scores

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

Volatility Risk Score

6/7 High

6 / 7 SRI PRIIPs Risk Class

Very high volatility or fundamental risks. Significant loss potential; strictly for aggressive investors.

Volatility (5Y)

23.1% p.a.

5-Year Horizon

Max Drawdown (5Y)

-28.8%

Deepest Drawdown

Sharpe Ratio

0.53

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

Focused (35% – 50%)

68 / 100 Portfolio Diversification

4 Dimensions: Holdings (30%) • Sectors (25%) • Industries (25%) • Regions (20%)

Focused weighting: Top holdings drive a major share of fund returns.

Top 10 Holdings

46.7%

Focused

Effective Holdings

~42

of 144 holdings

Top Sector

59.6%

Technology

Top Region / Country

97.6%

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	—	—	—	+39.1%
3 Years	21.3%	-27.3%	0.88	+21.2%
5 Years	23.1%	-28.8%	0.53	+14.7%
10 Years	27.3%	-53.1%	0.12	—

Notes & Warnings

⚠️ Elevated valuation: Avg P/E of 36.5

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🟢 High institutional analyst coverage (28.3 analysts)

⚠️ Elevated top 10 holdings concentration: 47% of fund in top 10 positions.

🔴 Severe sector concentration risk: 60% in "Technology".

ℹ️ Tech-Capex Exposure: 41% in semiconductors & hardware – dependent on hyperscaler capex cycles.

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -53.1% in the extended horizon.