10XDNA Disruptive Technologies R

How has Frank Thelen's fund been doing so far?

Frank Thelen's 10XDNA fund has now been on the market for 4 months and has lost around 10% in value since the first day of trading (cf. https://www.onvista.de/fonds/10XDNA-DISRUPTIVE-TECHNOLOGIES-R-EUR-DIS-Fonds-DE000DNA10X3).

But what is the reason for this? Officially, the fund has no benchmark with which we can compare the performance. But let's take a look at Cathie Woods ARK Innovation ETF, which uses a similar investment universe.

Since the beginning of September, the share price has fallen from €104.80 to €82.15, a drop of almost 22%. Frank Thelen and his team are not the only ones who are currently failing to deliver performance with their focus on disruptive innovations.

The performance of Bitcoin and Ethereum, which are each included in the fund at around 4%, has also not made any major price jumps in recent months and could not save the return.

So what can be concluded from this short-term performance now:

Actually, what was already known before. Frank Thelen's fund is heavily dependent on how volatile and risky innovative companies perform. Thus, the product is also conceivably unsuitable for beginners taking their first steps into the investment world. To draw a conclusion about the success of the fund and to evaluate the performance, the product is still too young. However, I would still not invest here, as the fund is clearly too concentrated on a few volatile stocks for me.

What do you think about the fund and its performance?

Question about these 10XDNA funds: I have read through this purely for interest and there are 4 tranches with different minimum investment values, issue prices and also management fees.

If one should take the fund, can one not simply collect pieces of the variant with 1 million minimum sum? The then has the lowest management fee 0.89% instead of 1.80% as with the retail investor variant.

Purchase of a first position

Since I have often commented here on the 10XDNA and also like to explain why I use the fund. So today I would like to explain how it integrates into my overall portfolio.

My entire portfolio should be supported by my 3 ETFs and the 10XDNA as "core" in 3 years at the latest. The Vanguard All World is the largest position. In addition, the Semiconductor ETF and the Automation & Robotics from IShares. Weighting should be about 40%, whereby I maintain the 10XDNA in the growth portfolio.

The 10XDNA is like the Automation & Robotics 4 years ago for me a bet into the future. This involves holding some stocks that are of interest to me as individual stocks, but I don't want to hold them in such large numbers. So I think diversification with other distuptive stocks is good. For me it is more important how the stocks are selected and with which mindset new, still unknown players are selected. That is the benefit of this fund for me.

Meanwhile maximum weighting of 5-7% of the approx. 40% core share.

The rest of my portfolio (crypto excluded) is then populated with stocks, which for me have good chances to survive in times of crisis (value, dividends and basic like Microsoft, Apple, Google, Amazon). In addition, stocks that convince me, possibly also have intersections with the 10XDNA. So I build up Palantir, Tesla and Tencent myself. Of course, there are also other growth stocks in the portfolio, which convince me. Currently Cloudflare, Teladoc and Uber.