Multi Asset Funds

We offer two multi-award-winning multi asset funds managed by our portfolio management team led by Thomas Romig, our CIO Multi Asset.

Name	NAV	Total volume	Category
Assenagon I Multi Asset Balanced (I STIFTUNG) wkn: A40G0K isin: LU2844897996	NAV EUR 1,058.91 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Balanced (I2) wkn: A3CPWB isin: LU2339726494	NAV EUR 1,190.60 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Balanced (P STIFTUNG) wkn: A40G0J isin: LU2844898028	NAV EUR 52.70 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Balanced (P) wkn: A3CPVY isin: LU2339726577	NAV EUR 55.33 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Balanced (P2) wkn: A408YZ isin: LU2794620331	NAV EUR 56.61 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Balanced (R CHF) wkn: A411E3 isin: LU2995470940	NAV CHF 52.01 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Balanced (R STIFTUNG) wkn: A40G0L isin: LU2844898291	NAV EUR 52.92 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Balanced (R) wkn: A3CPVZ isin: LU2339726650	NAV EUR 56.15 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Balanced (ZZ) wkn: A3C8CA isin: LU2414745344	NAV EUR 120,052.54 19.08.2025	Total volume EUR 31.64 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (I STIFTUNG) wkn: A40G0H isin: LU2844902747	NAV EUR 1,043.98 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (I2) wkn: A140LS isin: LU1297482223	NAV EUR 1,414.05 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (I2R) wkn: A140LT isin: LU1297482496	NAV EUR 1,232.33 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (N) wkn: A140L1 isin: LU1297483205	NAV EUR 53.12 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (N2) wkn: A140L2 isin: LU1297483460	NAV EUR 57.87 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (P STIFTUNG) wkn: A412JS isin: LU3007594677	NAV EUR 51.91 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (P) wkn: A140LW isin: LU1297482736	NAV EUR 64.94 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (P2) wkn: A408YY isin: LU2794620414	NAV EUR 55.15 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (P2R) wkn: A140LX isin: LU1297482819	NAV EUR 60.88 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (R CHF) wkn: A140L0 isin: LU1297483114	NAV CHF 51.56 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (R) wkn: A140LY isin: LU1297482900	NAV EUR 63.69 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund
Assenagon I Multi Asset Conservative (R2) wkn: A140LZ isin: LU1297483031	NAV EUR 52.59 19.08.2025	Total volume EUR 769.54 mn	Multi Asset Fund

Multi Asset at Assenagon

A modern multi asset portfolio offers far more than just a combination of equities and bonds. It draws on the full breadth of capital markets – including paths less travelled and their niches – guided by intelligent management, applied with flexibility, and focused on sustainable value creation for both conservative and opportunity-oriented investors.

Every portfolio manager is personally invested in our funds – managing your assets with the same care and conviction as their own.

Two Solutions – two Funds

Which strategy is right for me?

Our solution for conservative investors

Our Flagship

A global, multi-award-winning multi asset strategy for conservative investors willing to accept moderate risk. (For private investors in Germany: 15% tax exemption applies.)

More about the fund

Our solution for growth-oriented investors

Our Rising Star

A global, multi-award-winning multi asset strategy for growth-oriented investors who are willing to accept a higher level of volatility. (For private investors in Germany: 15% tax exemption applies.)

More about the fund

Areas of Application

How our Multi Asset Solutions can be integrated into your Portfolio

Core building block for diversified portfolios

Return Booster

We flexibly harness the full breadth of global capital markets – and it pays off: Even a 10% allocation to our conservative multi-asset fund significantly enhanced the medium-term return of conservative portfolios. The same holds true for our balanced multi asset fund in more balanced portfolio structures.

An Alternative to Traditional Multi Asset Funds

How Multi Asset Investing works

We deliberately pursue more than just equities and bonds. Free from rigid benchmarks, we also leverage alternative asset classes and niche strategies — ensuring true diversification and delivering superior results compared to the peer group.

Stabilising building block in an ETF Portfolio

Secure Attractive Follow-Up Returns

With approximately 25% to 50% of the volatility of an equity portfolio, both funds noticeably stabilise ETF portfolios — while offering attractive return potential and a high Sharpe ratio. This makes both funds ideally suited to secure or realise gains and provides the opportunity to achieve an attractive follow-up return.

Inflation protection for conservative investors

Protect Against Currency Devaluation

Both funds have generated significant excess returns above inflation, providing not only protection against inflation but also increasing purchasing power over the medium term.
Important information for investors in Germany: Trustee eligibility for LU1297482736 / A140LW has been confirmed by the District Court of Siegen (Reference 33 XVII 13/87 L, ruling dated 06.10.2021) and the District Court of Meinerzhagen (Reference 6 XVII 39/17, ruling dated 21.12.2021).

What has proven successful for foundations can also strengthen your retirement provision

Security – Liquidity – Profitability – these form the triad that defines capital investment for foundations. The primary objective is to preserve the foundation's assets over the long term while generating sustainable income to fulfil the foundation's purpose.

The investment principles applied by foundations are, in many ways, comparable to those of private wealth management for retirement planning — particularly in the decumulation phase (retirement).

After all, those who rely on drawing regular income from a capital base need predictable, sustainably generated distributions.

At Assenagon, we have developed two multi asset building blocks specifically for foundations, each tailored to different distribution and investment objectives. Distributions are made once a year, in November.

4.0% Target Distribution*

Our conservative strategy (Foundation share class for retail investors)

We invest globally in promising investment themes with a conservative risk profile and pass on the generated income through distributions.

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4.5% Target Distribution*

Our balanced strategy (Foundation share class for retail investors)

We invest globally in promising investment themes with a balanced risk profile and pass on the generated income through distributions.

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* The distribution is not guaranteed.

Implementation: What are the next steps?

1

Open securities account (depot)

To purchase shares in a fund, you need a securities account (depot). This account enables you to buy, hold, and manage fund units. You can open such an account with a bank, a broker, or via a specialised fund platform.

2

Identify ISIN

Once your securities account is set up, all you need is the ISIN (International Securities Identification Number) of the fund that best suits your needs. You can find the ISIN on our fund details page.

Click here for the fund details of the conservative strategy.
Click here for the fund details of the balanced strategy.

3

Here you can find our funds

Many banks, cooperative banks,and savings banks already offer the fund as part of their product range — allowing you to purchase the fund directly. Numerous brokers, private banking units, financial advisors, and asset managers also actively use our fund as a portfolio component.

If the fund is currently not available through your bank, broker, or financial advisor, simply contact us — we will gladly assist you in finding a solution: sales@assenagon.com