S&P 100: A share index developed by the rating agency Standard & Poors that shows the 100 largest US-companies.
Safety margin: Value Investing concept where only those securities are purchased whose market price is significantly below its intrinsic value (i.e. based on an estimate of the fair value by the portfolio manager). This difference is referred to as the safety margin.
Sales prospectus: Obligatory document that includes all relevant information on a fund for the investor and serves at the basis for the investment.
Savings plan: Regular payment of a certain amount to create wealth and/or purchase shares in a fund.
Second-line shares: Also referred to as "small caps". Shares in the smaller companies/public limited companies will low market capitalisation.
Sector funds: Funds that invest in securities of certain sectors (e.g. biotechnology).
Securities account: Account of an investor at a bank or fund platform, where securities and fund shares are deposited.
Securities ID number (SIN): Six-digit identification number for securities/funds.
Separate funds: See “Funds”.
Share class: A fund can offer several share classes that differ, for example, with regard to distribution of income, currency or investor structure.
Share profit: Quota in the fund's increase in value that is attributable to the shares included in the portfolio and is relevant for the taxation of commercial investors.
Share Profit KStG: Information relevant for the corporate income tax declaration, which describes the quota in the fund's increase in value that is attributable to the shares included in the portfolio.
Shareholder value strategy: Management approach that give priority to shareholder success and acts accordingly.
Shares outstanding: Amount of all fund shares issued.
Sharpe ratio: Ratio that depicts the excess yield of a fund in relationship to its risk. Subject to otherwise consistent conditions, the fund with a higher Sharpe Ratio has less risk.
SICAV: "Société d'Investissements à Capital Variable". Legal form for an investment fund whereby the fund is an independent company under the laws of Luxembourg. Comparable to a German Investment-AG.
Special funds: In contrast to a public fund, the pool of eligible investors is highly restricted in this case and is mostly reserved for one or a few institutional investors.
Squeeze-out: Process to force out minority shareholders by a large shareholder, who owns at least 95% of the company. The minority shareholders are generally forced out of the company in exchange for a suitable cash compensation.
SRRI: "Synthetic Risk and Reward Indicator". Indicator used to depict the riskiness of a fund. It is based on the volatility of a fund and is indicated on a scale of 1 (almost none) to 7 (very high).
Stock: Security which allocates to its owner a shareholder right in a public limited company.
Stock option: A securitized right to buy or sell a certain share at an agreed price at a later time.
Stock quota: Percentage of shares in the total fund assets.
Strike price: Determined price at which the owner of an option may for example purchase or sell the underlying asset.
Subscription Fee: Premium in favour of distribution that is incurred on the purchase of fund shares and summed with the net asset value results in the issue price.