The TELOS Fund Rating (TFR)

Rating Results

Historical rating results can be found here.

Equity Funds

Company	Fund	ISIN	Rating	Date	Download
M&G Investments	M&G Global Emerging Markets Fund	GB00B3FFXZ60, GB00B3FFY088, GB00B3FFY203, GB00B3FFY310	AA+	01/2012	Report (de)
First Private	First Private Euro Aktien STAUFER	DE0009779611	AA+	11/2011	Report (de)
Fidelity Worldwide Investment	Fidelity Euro Blue Chip Fund	LU0346388290	AAA-	11/2011	Report (de)
Fidelity Worldwide Investment	Fidelity Active STrategy (FAST) Europe Fund	LU0202403266	AAA-	11/2011	Report (de)
First Private	First Private Europa Aktien ULM	DE0009795831	AA+	11/2011	Report (de)
Habbel, Pohlig & Partner GmbH	HP&P Euro Select UI Fonds	DE0009790766	AA+	09/2011	Report (de)
First Private	First Private Aktien Emerging Markets	DE000A0KFRX2	AA+	09/2011	Report (de)
Helaba Invest KAG	HI-DividendenPlus-Fonds	DE0002544483	AA	09/2011	Report (de)
IPConcept Fund Management S.A., Ceros Vermoe gensverwaltungs AG	Tuerkei 75 Plus	LU0093368008	A+	08/2011	Report (de)
Sparinvest S.A.	Sparinvest European Value	LU0264920413	AA	09/2011	Report (de, en)
Swiss & Global Asset Management AG	Julius Baer Absolute Return Europe Equity Fund	LU0529497777	AA+	09/2011	Report (de)
First Private	First Private Aktien Global	DE000A0KFRT0	AA	08/2011	Report (de)
Sparinvest S.A.	Sparinvest Global Small Cap Value	LU0264925131	AA	08/2011	Report (de,en)
M&G Investments	M&G Global Dividend Fund	GB00B39R2S49, GB00B39R2T55, GB00B39R2V77, GB00B39R2W84	AA	08/2011	Report (de)
LBBW Asset Management Investmentgesellschaft mbH	LBBW Dividenden Strategie Small und MidCaps	DE000A0KEYR3	AA	06/2011	Report (de)
Earth Energy Investments AG	Earth Energy Fund UI (EUR R)	DE000A0MWKJ7	AA	07/2011	Report (de,en)
DJE Investment S.A.	DJE – Gold & Ressourcen	LU0159550820	AA+	07/2011	Report (de)
Bellevue Asset Management	BB Entrepreneur Europe (Lux)	LU0415391944	AAA-	07/2011	Report (de)
Vilico Investment	VMP EuroBlue Systematic	LU0172086752	AA	06/2011	Report (de)
First Private	First Private Euro Aktien STAUFER	DE0009779611	AA+	05/2011	Report (de)
Schiketanz Capital Advisors	Omikron7	AT0000A04LH9	AA-	05/2011	Report (de)
DJE Investment S.A.	DJE – Dividende & Substanz	LU0159551042	AAA-	04/2011	Report (de)
Sparinvest S.A.	Sparinvest Global Value	LU0138501191	AA	04/2011	Report (de, en)
Raiffeisen Kapitalanlage-Gesellschaft m.b.H.	Raiffeisen-EmergingMarkets-Aktien	AT0000796404, AT0000497268	AA	04/2011	Report (de)
M&G Investments	M&G European Strategic Value Fund	GB00B28XT522 GB00B28XT639	AA+	03/2011	Report (de)
METROPOLE Gestion	METROPOLE Selection	FR0007078811	AAA-	03/2011	Report (de)
FIDUKA-Depotverwaltung GmbH	FID-Ratio-Ansatz (Investmentprozess)		AA	02/2011	Report (de)
Bellevue Asset Management	BB Medtech (Lux)	LU0415391514	AA+	01/2011	Report (de)
VCH Vermoegensverwaltung AG	VCH Expert Natural Resources	LU0184391075	AA	11/2010	Report (de)
ACATIS Investment GmbH	ACATIS Aktien Global Fonds UI	DE0009781740	AA+	11/2010	Report (de)
DJE Investment S.A.	LuxTopic - Aktien Europa	LU0165251116	AAA-	11/2010	Report (de)

Fixed Income Funds

Company	Fund	ISIN	Rating	Date	Download
Raiffeisen Capital Management	Raiffeisen-Euro-Rent	AT0000996681	AAA-	12/2011	Report (de)
BankInvest	BI SICAV Emerging Markets Corporate Debt I	LU0253262702	AA+	11/2011	Report (de, en)
Johannes Führ Assetmanagement GmbH	Johannes Führ Mittelstands-Rentenfonds AMI	DE000A0YAYH3	AA+	11/2011	Report (de)
Pictet	Total Return-Kosmos	LU0635020901	AAA-	11/2011	Report (de)
M&G International Investments Ltd	M&G European Inflation Linked Corporate Bond Fund	GB00B41DM324 GB00B3VQKJ62	AA+	10/2011	Report (de)
Swiss & Global Asset Management AG	Julius Baer Absolute Emerging Bond Fund	LU0334612081	AA+	10/2011	Report (de)
M&G International Investments Ltd.	M&G European Corporate Bond Fund	GB0032178856 GB0032179045	AAA-	10/2011	Report (de)
Raiffeisen Capital Management	Raiffeisen-Inflationsschutz-Fonds A	AT0000622006	AA	09/2011	Report (de)
Swiss & Global Asset Management AG	Julius Baer EM Inflation Linked Bond	LU0564970217	AA+	09/2011	Report (de)
Sparinvest S.A.	Sparinvest High Yield Value Bonds	LU0232765429	AAA-	06/2011	Report (de, en)
Swiss & Global Asset Management AG	Julius Baer BF Local Emerging Markets	LU0256065409	AAA	05/2011	Report (de)
Swiss & Global Asset Management AG	Julius Baer Absolute Return Bond	LU0186679246	AAA-	04/2011	Report (de)
DJE Investment S.A.	DJE - Renten Global	LU0159550580	AA	04/2011	Report (de)
PEH Wertpapier AG	PEH Inflation Linked Bonds Flexibel - P	LU0498681468	AA	04/2011	Report (de)
Johannes Fuehr Vermoegensverwaltungs AG	Johannes Fuehr-Universal-Renten-Global	DE0009790790	AA+	02/2011	Report (de)
Standard Life Investments	European Corporate Bond SICAV	LU0177497814	AAA-	01/2011	Report (de)
LGT Capital Management AG	LGT Bond Fund Global Inflation Linked (EUR)	LI0017755534	AA-	01/2011	Report (de)

Balanced Funds

Company	Fund	ISIN	Rating	Date	Download
Convictions Asset Management	Convictions Premium	FR0010687038	AA+	11/2011	Report (de)
FIL Investment Management GmbH	Fidelity Fonds MAS1 (nicht zum oeffentlichen Vertrieb zugelassen)	DE000A0MR9J2	AAA-	09/2011	Report (de)
Fidelity Funds SICAV	FF Multi Asset Strategic Fund	LU0346392300	AAA-	09/2011	Report (de)
Fidelity Funds SICAV	FF Multi Asset Strategic Defensive	LU0393653323	AAA-	09/2011	Report (de)
LBBW Asset Management Investmentgesellschaft mbH	LBBW Multi Global	DE0009766881	AA+	09/2011	Report (de)
Hamburger Sparkasse	Haspa PB Strategie Wachstum	LU0324035731	AA	07/2011	Report (de)
INVERA Investment Ethics Research & Advisory AG	EXCELLENT GLOBAL MIX	AT0000A07ST2	AA-	07/2011	Report (de)
Stadtsparkasse Duesseldorf	Stadtsparkasse Duesseldorf Absolute Return Fonds	DE000A0D8QM5	AA	06/2011	Report (de)
Standard Life Investments	Standard Life Global SICAV Absolute Return Strategies Fund	LU0548153799	AA+	06/2011	Report (de)
DB Advisors	DeAM-Fonds WOP 2	DE0003429221	AAA-	06/2011	Report (de)
PEH Wertpapier AG	PEH Strategie Flexibel	LU0086124129 (P-Class)	AA	05/2011	Report (de)
DJE Investment S.A.	DJE - Alpha Global	LU0159550747	AA	04/2011	Report (de)
Roland Eller Asset Management	Roland Eller Euroland Aktien Timing plus (Investmentprozess)		AAA-	02/2011	Report (de)
Roland Eller Asset Management	Roland Eller Total Return plus (Investmentprozess)		AAA-	02/2011	Report (de)
Aquila Capital Concepts	AC Risk Parity 7 Fund	LU0326194015	AAA-	02/2011	Report (de)
Hamburger Sparkasse AG	Hamburger Stiftungsfonds UI	DE000A0YCK42	AA-	01/2011	Report (de)
LGT Capital Management AG	LGT Strategy 4 Years (EUR)	LI0008232220	AA	01/2011	Report (de)
Norddeutsche Landesbank Luxembourg S.A.	Nord/LB Horizont Fonds	LU0438890013 LU0438891177 LU0438890526 LU0438892654	AA	12/2010	Report (de)

Funds of Funds

Company	Fund	ISIN	Rating	Date	Download
AVANA Invest GmbH	AVANA IndexTrend Europa Control	DE000A0RHDC7	AAA-	09/2011	Report (de)
AVANA Invest GmbH	AVANA IndexTrend Europa Dynamic	DE000A0RHDB9	AAA-	09/2011	Report (de)
ARTS Asset Management	C-Quadrat ARTS Total Return Global-AMI	DE000A0F5G98	AA+	03/2011	Report (de)
ARTS Asset Management	C-Quadrat ARTS Total Return Flexible	DE000A0YJMJ5	AA+	03/2011	Report (de)
Wallberg Invest S.A.	Wallberg Real Asset P	LU0322787366	A+	03/2011	Report (de)
Wallberg Invest S.A.	Wallberg Protura Manager Select	LU0111456637	A+	02/2011	Report (de)

Segregated Account (German Spezialfonds)

Company	Fund	ISIN	Rating	Date	Download
DB Advisors	ESG Euro Investment Grade Corporate Credit	-	AAA-	01/2012	Report (de, en)
Swiss & Global Asset Management AG	Swiss & Global Multi Asset Class Solution	-	AAA-	12/2011	Report (de)
DB Advisors	DeAM-Fonds WOP 1	DE0008492331	AAA-	06/2011	Report (de)
DB Advisors	DeAM-Fonds WOP 3	DE000DBA0368	AAA-	06/2011	Report (de)

Other Funds

Gesellschaft	Fonds	ISIN	Rating	Datum	Download
HANSAINVEST	HANSAgold	DE000A0NEKK1	AA-	10/2011	Report (de)
ILSP Mutual Fund AG & Co. KG	Life Settlements Portfolio	LI0048944479	AA+	09/2010	Report (de)

All rights reserved. TELOS Fund Ratings are based on facts and information taken from sources believed reliable, but we cannot warrant their accuracy and/or completeness. TELOS GmbH accepts no liability for any loss or damage arising from errors or matters of opinion expressed. Neither the presented figures nor the actual historical performance permit future predictions. Ratings and views presented are subject to revision and should not solely be relied upon for investment decisions. The Fund Rating is no offer or recommendation or request to buy, sell or hold the product(s) being discussed in this publication.