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Flossbach von Storch - Bond Opportunities RT About us Financial knowledge Contact
Flossbach von Storch - Bond Opportunities RT
The first step in investing The fund for a demanding decade Multi-Asset Funds Equity Funds Bond Funds Fund overview Factsheet Newsletter

Flossbach von Storch - Bond Opportunities RT

Flossbach von Storch Bond Opportunities is a globally diversified bond fund with an active investment approach, the focus of which is on corporate bonds, government bonds and covered bonds. The fund flexibly utilises opportunities from the entire bond market. In addition to bonds with investment grade quality, the fund manager may also invest in bonds without a rating or those which do not have investment grade quality. At present foreign currency risks are entered into only to a manageable extent. Bond selection is carried out as part of a fundamental analysis process. The fund manager thereby relies on internally-developed research tools.

WKN:A2AQKG
ISIN:LU1481583711
Authorised for distribution:AT, BE, CH, DE, ES, IT, LU, PT
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Launch date:17 October 2016
Financial year end:30 September
Income utilisation:Accumulating
Management company:Flossbach von Storch Invest S.A.
Custodian bank / Paying agent:DZ PRIVATBANK S.A.
Manager:Flossbach von Storch AG
Data from:23 January 2020
Fund assets:2,177,271,727.09 EUR
NIW:113.03 EUR
Redemption price:113.03 EUR
Issue price*:116.42 EUR
Ongoing charges:1.04%
which includes a management fee of:0.93%
Issue surcharge:up to 3.00%

* incl. max. issue surcharge 3.00%

Source: Custodian bank / Paying agent

Annual performance (As at: 23.01.2020)

Gross fund performance (BVI method) takes into account all costs incurred at fund level (for example, management fees), net fund performance also takes into account the subscription fee. Further costs may be charged individually at customer level (e.g. custody fees, commissions and other charges). Example calculation (net method): An investor wishes to buy shares with capital of €1,000. Based on a maximum subscription fee of 5 %, € 50 will be deducted from their investment as a one-off initial charge. In addition, custody fees may also be applied, which will further reduce the investor’s return. The level of custody fees can be found in your bank’s schedule of fees and services.
Please refer to the cost details presented in this document to determine the maximum subscription fee for the share class of the sub-fund.
The reference index is merely informative. It does not constitute any obligation from the fund manager to track the index or achieve the same performance.
Past performance is not a reliable indicator of future performance.

Source: Custodian bank and SIX Financial Information

Performance (EUR, gross, in %, As at: 23.01.2020)

Reference index: Barclays Global Aggregate TR Index Hedged EUR (Change of Benchmark: Until 31.12.2015 the Rex Performance Index was used as the benchmark.)

Gross fund performance (BVI method) takes into account all costs incurred at fund level (for example, management fees), net fund performance also takes into account the subscription fee. Further costs may be charged individually at customer level (e.g. custody fees, commissions and other charges). Example calculation (net method): An investor wishes to buy shares with capital of €1,000. Based on a maximum subscription fee of 5 %, € 50 will be deducted from their investment as a one-off initial charge. In addition, custody fees may also be applied, which will further reduce the investor’s return. The level of custody fees can be found in your bank’s schedule of fees and services.
Please refer to the cost details presented in this document to determine the maximum subscription fee for the share class of the sub-fund.
The reference index is merely informative. It does not constitute any obligation from the fund manager to track the index or achieve the same performance.
Past performance is not a reliable indicator of future performance.

Source: Custodian bank and SIX Financial Information

Accumulated Performance (gross, in %, As at: 23.01.2020)

YTD0.41%
1 year10.85%
3 years13.05%
1 year p.a.4.32%
3 years p.a.4.17%
since launch (17.10.2016)13.03%

Gross fund performance (BVI method) takes into account all costs incurred at fund level (for example, management fees), net fund performance also takes into account the subscription fee. Further costs may be charged individually at customer level (e.g. custody fees, commissions and other charges). Example calculation (net method): An investor wishes to buy shares with capital of €1,000. Based on a maximum subscription fee of 5 %, € 50 will be deducted from their investment as a one-off initial charge. In addition, custody fees may also be applied, which will further reduce the investor’s return. The level of custody fees can be found in your bank’s schedule of fees and services.
Please refer to the cost details presented in this document to determine the maximum subscription fee for the share class of the sub-fund.
The reference index is merely informative. It does not constitute any obligation from the fund manager to track the index or achieve the same performance.
Past performance is not a reliable indicator of future performance.

Source: Custodian bank and SIX Financial Information

Monthly performance (gross, in %, As at: 23.01.2020)

 20202019201820172016
Jan0.41%1.81%-0.31%0.46%
Feb1.46%-0.63%1.65%
Mar1.58%-0.62%-0.21%
Apr1.13%0.42%0.75%
May-0.02%0.04%0.57%
Jun2.60%-0.55%-0.14%
Jul1.56%0.95%0.36%
Aug1.43%0.03%0.25%
Sep-0.40%-0.19%-0.05%
Oct-0.12%-0.91%0.82%0.13%
Nov-0.16%-1.00%-0.12%-1.34%
Dec0.34%-0.26%-0.14%0.83%
YTD0.41%11.74%-3.00%4.27%-0.39%

Gross fund performance (BVI method) takes into account all costs incurred at fund level (for example, management fees), net fund performance also takes into account the subscription fee. Further costs may be charged individually at customer level (e.g. custody fees, commissions and other charges). Example calculation (net method): An investor wishes to buy shares with capital of €1,000. Based on a maximum subscription fee of 5 %, € 50 will be deducted from their investment as a one-off initial charge. In addition, custody fees may also be applied, which will further reduce the investor’s return. The level of custody fees can be found in your bank’s schedule of fees and services.
Please refer to the cost details presented in this document to determine the maximum subscription fee for the share class of the sub-fund.
The reference index is merely informative. It does not constitute any obligation from the fund manager to track the index or achieve the same performance.
Past performance is not a reliable indicator of future performance.

Source: Custodian bank and SIX Financial Information

Fund breakdown (As at: 31.12.2019)

Corporate bonds63.27 %
Government bonds18.78 %
Covered Bonds9.49 %
Cash8.33 %
Other (incl. derivatives)0.13 %

Source: Depositary and Flossbach von Storch

Top 10 guarantors (As at: 31.12.2019)

Japan4.80 %
United States of America3.12 %
Republic Poland3.07 %
Philip Morris International In2.50 %
European Investment Bank (EIB)2.40 %
Medtronic PLC2.25 %
Thermo Fisher Scientific Inc.2.17 %
Danaher Corp.2.11 %
Republic of Austria1.98 %
British American Tobacco PLC1.96 %

 Source: Depositary and Flossbach von Storch

Top 10 sectors (As at: 31.12.2019)

Diversified Financials10.49 %
Food, Beverage & Tobacco10.20 %
Real Estate10.19 %
Automobiles & Components9.58 %
Health Care Equipment & Services8.69 %
Insurance7.56 %
Pharmaceuticals, Biotechnology & Life Sciences6.86 %
Banks6.72 %
Software & Services6.57 %
Consumer Durables & Apparel4.90 %

 Source: Depositary and Flossbach von Storch

Breakdown of ratings for bonds (As at: 31.12.2019)

AAA17.82 %
AA11.87 %
A32.00 %
BBB30.63 %
BB4.61 %
NR3.07 %

Source: Depositary and Flossbach von Storch

Other key figures (As at: 31.12.2019)

Sharpe Ratio a 5,42
Value at Risk (VaR) b -1,22%
Volatility c 2,20%
Maximum drawdown d -1,10%

a The Sharpe ratio is a measurement for the risk/return profile of an investment. In terms of sub-funds, it determines how much outperformance (that is return on the fund’s assets minus the return of a risk-free asset) the sub-fund achieved per unit of risk.

b The value at risk (VaR) is a means to measure risk and describes the loss that, with a pre-defined probability (in this case 99 per cent) and in a predetermined holding period (in this case 20 days), will not be exceeded. Here we are dealing with an ex post VaR which has been calculated according to sub-fund prices for a given time series.

c Volatility is measured through standard deviation and is used to determine the degree of fluctuation of sub-fund prices over a given time frame.

d The “maximum drawdown” shows the maximum loss an investor can suffer through an unfortunate choice of timing for buying or selling securities in a given time period (260 days).

Historic Prices

As at Share class currency Issue price Redemption price NAV
EUR 100.00
EUR 103.04 100.04 100.04
EUR 103.19 100.18 100.18
EUR 103.29 100.28 100.28
EUR 103.38 100.37 100.37
EUR 103.45 100.44 100.44
EUR 103.50 100.49 100.49
EUR 103.56 100.54 100.54
EUR 103.40 100.39 100.39
EUR 103.23 100.22 100.22
EUR 103.13 100.13 100.13
EUR 102.91 99.91 99.91
EUR 102.87 99.87 99.87
EUR 102.82 99.83 99.83
EUR 102.73 99.74 99.74
EUR 102.82 99.83 99.83
EUR 102.85 99.85 99.85
EUR 102.58 99.59 99.59
EUR 102.36 99.38 99.38
EUR 102.10 99.13 99.13
EUR 101.60 98.64 98.64
EUR 101.73 98.77 98.77
EUR 101.74 98.78 98.78
EUR 101.62 98.66 98.66
EUR 101.43 98.48 98.48
EUR 101.36 98.41 98.41
EUR 101.66 98.70 98.70
EUR 101.58 98.62 98.62
EUR 101.62 98.66 98.66
EUR 101.64 98.68 98.68
EUR 101.70 98.74 98.74
EUR 101.75 98.79 98.79
EUR 101.60 98.64 98.64
EUR 101.42 98.47 98.47
EUR 101.46 98.50 98.50
EUR 101.41 98.46 98.46
EUR 101.46 98.50 98.50
EUR 101.61 98.65 98.65
EUR 101.79 98.83 98.83
EUR 101.90 98.93 98.93
EUR 101.83 98.86 98.86
EUR 101.93 98.96 98.96
EUR 102.10 99.13 99.13
EUR 101.95 98.98 98.98
EUR 101.96 98.99 98.99
EUR 102.17 99.19 99.19
EUR 102.15 99.17 99.17
EUR 102.27 99.29 99.29
EUR 102.24 99.26 99.26
EUR 102.28 99.30 99.30
EUR 102.37 99.39 99.39
EUR 102.57 99.58 99.58
EUR 102.60 99.61 99.61
EUR 102.59 99.60 99.60
EUR 102.59 99.60 99.60
EUR 102.72 99.73 99.73
EUR 102.79 99.80 99.80
EUR 102.94 99.94 99.94
EUR 102.87 99.87 99.87
EUR 103.02 100.02 100.02
EUR 103.01 100.01 100.01
EUR 103.22 100.21 100.21
EUR 103.18 100.17 100.17
EUR 103.10 100.10 100.10
EUR 103.16 100.16 100.16
EUR 103.22 100.21 100.21
EUR 103.16 100.16 100.16
EUR 103.10 100.10 100.10
EUR 102.98 99.98 99.98
EUR 103.10 100.10 100.10
EUR 103.06 100.06 100.06
EUR 103.02 100.02 100.02
EUR 103.04 100.04 100.04
EUR 103.08 100.08 100.08
EUR 103.07 100.07 100.07
EUR 102.94 99.94 99.94
EUR 102.99 99.99 99.99
EUR 103.04 100.04 100.04
EUR 103.27 100.26 100.26
EUR 103.47 100.46 100.46
EUR 103.58 100.56 100.56
EUR 103.70 100.68 100.68
EUR 103.66 100.64 100.64
EUR 103.77 100.75 100.75
EUR 103.83 100.81 100.81
EUR 103.81 100.79 100.79
EUR 103.82 100.80 100.80
EUR 103.92 100.89 100.89
EUR 104.11 101.08 101.08
EUR 104.14 101.11 101.11
EUR 104.25 101.21 101.21
EUR 104.45 101.41 101.41
EUR 104.60 101.55 101.55
EUR 104.81 101.76 101.76
EUR 104.77 101.72 101.72
EUR 104.67 101.62 101.62
EUR 104.62 101.57 101.57
EUR 104.59 101.54 101.54
EUR 104.51 101.47 101.47
EUR 104.51 101.47 101.47
EUR 104.46 101.42 101.42
EUR 104.24 101.20 101.20
EUR 103.91 100.88 100.88
EUR 103.75 100.73 100.73
EUR 103.65 100.63 100.63
EUR 103.65 100.63 100.63
EUR 104.01 100.98 100.98
EUR 104.08 101.05 101.05
EUR 104.11 101.08 101.08
EUR 104.15 101.12 101.12
EUR 104.19 101.16 101.16
EUR 104.25 101.21 101.21
EUR 104.22 101.18 101.18
EUR 104.29 101.25 101.25
EUR 104.24 101.20 101.20
EUR 104.24 101.20 101.20
EUR 104.52 101.48 101.48
EUR 104.56 101.51 101.51
EUR 104.62 101.57 101.57
EUR 104.83 101.78 101.78
EUR 104.78 101.73 101.73
EUR 104.81 101.76 101.76
EUR 104.86 101.81 101.81
EUR 104.91 101.85 101.85
EUR 104.98 101.92 101.92
EUR 105.06 102.00 102.00
EUR 105.13 102.07 102.07
EUR 105.14 102.08 102.08
EUR 105.25 102.18 102.18
EUR 105.15 102.09 102.09
EUR 105.08 102.02 102.02
EUR 105.07 102.01 102.01
EUR 105.04 101.98 101.98
EUR 104.88 101.83 101.83
EUR 105.10 102.04 102.04
EUR 105.34 102.27 102.27
EUR 105.30 102.23 102.23
EUR 105.44 102.37 102.37
EUR 105.46 102.39 102.39
EUR 105.32 102.25 102.25
EUR 105.30 102.23 102.23
EUR 105.32 102.25 102.25
EUR 105.38 102.31 102.31
EUR 105.47 102.40 102.40
EUR 105.48 102.41 102.41
EUR 105.55 102.48 102.48
EUR 105.51 102.44 102.44
EUR 105.42 102.35 102.35
EUR 105.59 102.51 102.51
EUR 105.52 102.45 102.45
EUR 105.52 102.45 102.45
EUR 105.45 102.38 102.38
EUR 105.46 102.39 102.39
EUR 105.68 102.60 102.60
EUR 105.75 102.67 102.67
EUR 105.74 102.66 102.66
EUR 105.94 102.85 102.85
EUR 105.91 102.83 102.83
EUR 105.91 102.83 102.83
EUR 106.14 103.05 103.05
EUR 106.27 103.17 103.17
EUR 106.18 103.09 103.09
EUR 106.16 103.07 103.07
EUR 106.20 103.11 103.11
EUR 106.20 103.11 103.11
EUR 106.22 103.13 103.13
EUR 106.42 103.32 103.32
EUR 106.37 103.27 103.27
EUR 106.38 103.28 103.28
EUR 106.44 103.34 103.34
EUR 106.53 103.43 103.43
EUR 106.47 103.37 103.37
EUR 106.48 103.38 103.38
EUR 106.58 103.48 103.48
EUR 106.18 103.09 103.09
EUR 106.07 102.98 102.98
EUR 105.79 102.71 102.71
EUR 105.76 102.68 102.68
EUR 105.76 102.68 102.68
EUR 105.80 102.72 102.72
EUR 105.86 102.78 102.78
EUR 105.61 102.53 102.53
EUR 105.48 102.41 102.41
EUR 105.59 102.51 102.51
EUR 105.59 102.51 102.51
EUR 105.77 102.69 102.69
EUR 105.86 102.78 102.78
EUR 105.87 102.79 102.79
EUR 106.02 102.93 102.93
EUR 106.05 102.96 102.96
EUR 106.24 103.15 103.15
EUR 106.18 103.09 103.09
EUR 106.22 103.13 103.13
EUR 106.23 103.14 103.14
EUR 106.08 102.99 102.99
EUR 106.22 103.13 103.13
EUR 106.30 103.20 103.20
EUR 106.17 103.08 103.08
EUR 106.16 103.07 103.07
EUR 106.35 103.25 103.25
EUR 106.33 103.23 103.23
EUR 106.45 103.35 103.35
EUR 106.56 103.46 103.46
EUR 106.57 103.47 103.47
EUR 106.59 103.49 103.49
EUR 106.55 103.45 103.45
EUR 106.48 103.38 103.38
EUR 106.38 103.28 103.28
EUR 106.36 103.26 103.26
EUR 106.46 103.36 103.36
EUR 106.49 103.39 103.39
EUR 106.46 103.36 103.36
EUR 106.39 103.29 103.29
EUR 106.46 103.36 103.36
EUR 106.50 103.40 103.40
EUR 106.39 103.29 103.29
EUR 106.41 103.31 103.31
EUR 106.30 103.20 103.20
EUR 106.39 103.29 103.29
EUR 106.44 103.34 103.34
EUR 106.47 103.37 103.37
EUR 106.44 103.34 103.34
EUR 106.42 103.32 103.32
EUR 106.59 103.49 103.49
EUR 106.52 103.42 103.42
EUR 106.57 103.47 103.47
EUR 106.54 103.44 103.44
EUR 106.51 103.41 103.41
EUR 106.45 103.35 103.35
EUR 106.46 103.36 103.36
EUR 106.47 103.37 103.37
EUR 106.32 103.22 103.22
EUR 106.36 103.26 103.26
EUR 106.33 103.23 103.23
EUR 106.37 103.27 103.27
EUR 106.38 103.28 103.28
EUR 106.39 103.29 103.29
EUR 106.52 103.42 103.42
EUR 106.58 103.48 103.48
EUR 106.49 103.39 103.39
EUR 106.39 103.29 103.29
EUR 106.43 103.33 103.33
EUR 106.54 103.44 103.44
EUR 106.59 103.49 103.49
EUR 106.62 103.51 103.51
EUR 106.64 103.53 103.53
EUR 106.56 103.46 103.46
EUR 106.61 103.50 103.50
EUR 106.65 103.54 103.54
EUR 106.68 103.57 103.57
EUR 106.77 103.66 103.66
EUR 106.87 103.76 103.76
EUR 107.02 103.90 103.90
EUR 107.06 103.94 103.94
EUR 107.05 103.93 103.93
EUR 106.98 103.86 103.86
EUR 106.96 103.84 103.84
EUR 107.04 103.92 103.92
EUR 106.92 103.81 103.81
EUR 106.77 103.66 103.66
EUR 106.90 103.79 103.79
EUR 107.16 104.04 104.04
EUR 107.26 104.14 104.14
EUR 107.49 104.36 104.36
EUR 107.46 104.33 104.33
EUR 107.57 104.44 104.44
EUR 107.69 104.55 104.55
EUR 107.67 104.53 104.53
EUR 107.51 104.38 104.38
EUR 107.31 104.18 104.18
EUR 107.13 104.01 104.01
EUR 107.06 103.94 103.94
EUR 106.87 103.76 103.76
EUR 106.72 103.61 103.61
EUR 106.84 103.73 103.73
EUR 106.89 103.78 103.78
EUR 106.86 103.75 103.75
EUR 107.03 103.91 103.91
EUR 107.13 104.01 104.01
EUR 107.11 103.99 103.99
EUR 107.09 103.97 103.97
EUR 107.18 104.06 104.06
EUR 107.18 104.06 104.06
EUR 107.13 104.01 104.01
EUR 107.01 103.89 103.89
EUR 107.11 103.99 103.99
EUR 107.11 103.99 103.99
EUR 107.23 104.11 104.11
EUR 107.27 104.15 104.15
EUR 107.23 104.11 104.11
EUR 107.27 104.15 104.15
EUR 107.19 104.07 104.07
EUR 107.28 104.16 104.16
EUR 107.27 104.15 104.15
EUR 107.30 104.17 104.17
EUR 107.25 104.13 104.13
EUR 107.17 104.05 104.05
EUR 107.06 103.94 103.94
EUR 106.94 103.83 103.83
EUR 106.93 103.82 103.82
EUR 106.92 103.81 103.81
EUR 107.03 103.91 103.91
EUR 106.98 103.86 103.86
EUR 106.82 103.71 103.71
EUR 106.88 103.77 103.77
EUR 107.04 103.92 103.92
EUR 107.13 104.01 104.01
EUR 107.25 104.13 104.13
EUR 107.33 104.20 104.20
EUR 107.41 104.28 104.28
EUR 107.09 103.97 103.97
EUR 106.98 103.86 103.86
EUR 106.91 103.80 103.80
EUR 106.86 103.75 103.75
EUR 106.97 103.85 103.85
EUR 106.99 103.87 103.87
EUR 106.94 103.83 103.83
EUR 106.96 103.84 103.84
EUR 106.99 103.87 103.87
EUR 107.10 103.98 103.98
EUR 107.03 103.91 103.91
EUR 106.89 103.78 103.78
EUR 106.89 103.78 103.78
EUR 106.77 103.66 103.66
EUR 106.65 103.54 103.54
EUR 106.61 103.50 103.50
EUR 106.56 103.46 103.46
EUR 106.30 103.20 103.20
EUR 106.29 103.19 103.19
EUR 106.16 103.07 103.07
EUR 106.33 103.23 103.23
EUR 106.13 103.04 103.04
EUR 105.80 102.72 102.72
EUR 105.81 102.73 102.73
EUR 105.52 102.45 102.45
EUR 105.43 102.36 102.36
EUR 105.59 102.51 102.51
EUR 105.88 102.80 102.80
EUR 105.86 102.78 102.78
EUR 105.88 102.80 102.80
EUR 105.90 102.82 102.82
EUR 105.85 102.77 102.77
EUR 105.83 102.75 102.75
EUR 105.95 102.86 102.86
EUR 105.98 102.89 102.89
EUR 106.05 102.96 102.96
EUR 106.00 102.91 102.91
EUR 105.82 102.74 102.74
EUR 105.73 102.65 102.65
EUR 105.79 102.71 102.71
EUR 105.79 102.71 102.71
EUR 105.87 102.79 102.79
EUR 105.90 102.82 102.82
EUR 105.94 102.85 102.85
EUR 105.90 102.82 102.82
EUR 105.83 102.75 102.75
EUR 105.82 102.74 102.74
EUR 105.84 102.76 102.76
EUR 105.68 102.60 102.60
EUR 105.61 102.53 102.53
EUR 105.58 102.50 102.50
EUR 105.54 102.47 102.47
EUR 105.35 102.28 102.28
EUR 105.26 102.19 102.19
EUR 105.41 102.34 102.34
EUR 105.32 102.25 102.25
EUR 105.46 102.39 102.39
EUR 105.42 102.35 102.35
EUR 105.39 102.32 102.32
EUR 105.55 102.48 102.48
EUR 105.68 102.60 102.60
EUR 105.66 102.58 102.58
EUR 105.71 102.63 102.63
EUR 105.77 102.69 102.69
EUR 105.87 102.79 102.79
EUR 105.97 102.88 102.88
EUR 105.94 102.85 102.85
EUR 106.05 102.96 102.96
EUR 105.93 102.84 102.84
EUR 105.68 102.60 102.60
EUR 105.69 102.61 102.61
EUR 105.63 102.55 102.55
EUR 105.63 102.55 102.55
EUR 105.46 102.39 102.39
EUR 105.66 102.58 102.58
EUR 105.76 102.68 102.68
EUR 105.80 102.72 102.72
EUR 105.80 102.72 102.72
EUR 105.78 102.70 102.70
EUR 105.75 102.67 102.67
EUR 105.74 102.66 102.66
EUR 105.73 102.65 102.65
EUR 105.74 102.66 102.66
EUR 105.72 102.64 102.64
EUR 105.64 102.56 102.56
EUR 105.51 102.44 102.44
EUR 105.49 102.42 102.42
EUR 105.41 102.34 102.34
EUR 105.49 102.42 102.42
EUR 105.41 102.34 102.34
EUR 105.40 102.33 102.33
EUR 105.43 102.36 102.36
EUR 105.54 102.47 102.47
EUR 105.67 102.59 102.59
EUR 106.00 102.91 102.91
EUR 105.80 102.72 102.72
EUR 105.95 102.86 102.86
EUR 105.98 102.89 102.89
EUR 106.01 102.92 102.92
EUR 106.14 103.05 103.05
EUR 105.78 102.70 102.70
EUR 105.76 102.68 102.68
EUR 105.69 102.61 102.61
EUR 105.62 102.54 102.54
EUR 105.64 102.56 102.56
EUR 105.65 102.57 102.57
EUR 106.01 102.92 102.92
EUR 106.11 103.02 103.02
EUR 106.11 103.02 103.02
EUR 106.13 103.04 103.04
EUR 106.06 102.97 102.97
EUR 106.00 102.91 102.91
EUR 105.90 102.82 102.82
EUR 105.69 102.61 102.61
EUR 105.53 102.46 102.46
EUR 105.44 102.37 102.37
EUR 105.22 102.16 102.16
EUR 105.21 102.15 102.15
EUR 105.10 102.04 102.04
EUR 105.13 102.07 102.07
EUR 105.15 102.09 102.09
EUR 105.33 102.26 102.26
EUR 105.48 102.41 102.41
EUR 105.68 102.60 102.60
EUR 105.82 102.74 102.74
EUR 105.74 102.66 102.66
EUR 105.84 102.76 102.76
EUR 105.97 102.88 102.88
EUR 105.98 102.89 102.89
EUR 105.96 102.87 102.87
EUR 105.99 102.90 102.90
EUR 105.98 102.89 102.89
EUR 105.87 102.79 102.79
EUR 105.76 102.68 102.68
EUR 105.94 102.85 102.85
EUR 105.99 102.90 102.90
EUR 106.17 103.08 103.08
EUR 106.24 103.15 103.15
EUR 106.22 103.13 103.13
EUR 106.30 103.20 103.20
EUR 106.32 103.22 103.22
EUR 106.32 103.22 103.22
EUR 106.33 103.23 103.23
EUR 106.40 103.30 103.30
EUR 106.45 103.35 103.35
EUR 106.47 103.37 103.37
EUR 106.49 103.39 103.39
EUR 106.53 103.43 103.43
EUR 106.40 103.30 103.30
EUR 106.34 103.24 103.24
EUR 106.29 103.19 103.19
EUR 106.37 103.27 103.27
EUR 106.40 103.30 103.30
EUR 106.44 103.34 103.34
EUR 106.45 103.35 103.35
EUR 106.42 103.32 103.32
EUR 106.38 103.28 103.28
EUR 106.38 103.28 103.28
EUR 106.28 103.18 103.18
EUR 106.24 103.15 103.15
EUR 106.25 103.16 103.16
EUR 106.17 103.08 103.08
EUR 106.09 103.00 103.00
EUR 106.03 102.94 102.94
EUR 105.89 102.81 102.81
EUR 105.89 102.81 102.81
EUR 105.86 102.78 102.78
EUR 105.91 102.83 102.83
EUR 105.94 102.85 102.85
EUR 105.97 102.88 102.88
EUR 105.99 102.90 102.90
EUR 106.02 102.93 102.93
EUR 106.03 102.94 102.94
EUR 106.06 102.97 102.97
EUR 106.12 103.03 103.03
EUR 106.18 103.09 103.09
EUR 106.20 103.11 103.11
EUR 106.04 102.95 102.95
EUR 105.95 102.86 102.86
EUR 106.03 102.94 102.94
EUR 106.05 102.96 102.96
EUR 106.03 102.94 102.94
EUR 106.16 103.07 103.07
EUR 106.22 103.13 103.13
EUR 106.16 103.07 103.07
EUR 105.98 102.89 102.89
EUR 105.83 102.75 102.75
EUR 105.82 102.74 102.74
EUR 105.72 102.64 102.64
EUR 105.62 102.54 102.54
EUR 105.53 102.46 102.46
EUR 105.65 102.57 102.57
EUR 105.53 102.46 102.46
EUR 105.59 102.51 102.51
EUR 105.59 102.51 102.51
EUR 105.53 102.46 102.46
EUR 105.32 102.25 102.25
EUR 105.34 102.27 102.27
EUR 105.18 102.12 102.12
EUR 105.19 102.13 102.13
EUR 105.09 102.03 102.03
EUR 105.14 102.08 102.08
EUR 105.08 102.02 102.02
EUR 105.08 102.02 102.02
EUR 105.35 102.28 102.28
EUR 105.36 102.29 102.29
EUR 105.39 102.32 102.32
EUR 105.39 102.32 102.32
EUR 105.49 102.42 102.42
EUR 105.52 102.45 102.45
EUR 105.47 102.40 102.40
EUR 105.38 102.31 102.31
EUR 105.25 102.18 102.18
EUR 105.14 102.08 102.08
EUR 104.83 101.78 101.78
EUR 104.61 101.56 101.56
EUR 104.34 101.30 101.30
EUR 103.90 100.87 100.87
EUR 104.16 101.13 101.13
EUR 104.26 101.22 101.22
EUR 104.30 101.26 101.26
EUR 104.30 101.26 101.26
EUR 104.18 101.15 101.15
EUR 104.18 101.15 101.15
EUR 104.03 101.00 101.00
EUR 103.92 100.89 100.89
EUR 104.15 101.12 101.12
EUR 103.98 100.95 100.95
EUR 103.66 100.64 100.64
EUR 103.36 100.35 100.35
EUR 103.49 100.48 100.48
EUR 103.22 100.21 100.21
EUR 103.28 100.27 100.27
EUR 103.55 100.53 100.53
EUR 104.05 101.02 101.02
EUR 104.12 101.09 101.09
EUR 104.10 101.07 101.07
EUR 104.05 101.02 101.02
EUR 104.08 101.05 101.05
EUR 103.81 100.79 100.79
EUR 103.70 100.68 100.68
EUR 103.76 100.74 100.74
EUR 103.85 100.83 100.83
EUR 103.78 100.76 100.76
EUR 103.57 100.55 100.55
EUR 103.42 100.41 100.41
EUR 103.47 100.46 100.46
EUR 103.72 100.70 100.70
EUR 104.11 101.08 101.08
EUR 104.10 101.07 101.07
EUR 104.34 101.30 101.30
EUR 104.19 101.16 101.16
EUR 104.35 101.31 101.31
EUR 104.70 101.65 101.65
EUR 104.70 101.65 101.65
EUR 104.99 101.93 101.93
EUR 105.06 102.00 102.00
EUR 105.03 101.97 101.97
EUR 105.11 102.05 102.05
EUR 105.26 102.19 102.19
EUR 105.32 102.25 102.25
EUR 105.40 102.33 102.33
EUR 105.43 102.36 102.36
EUR 105.64 102.56 102.56
EUR 106.18 103.09 103.09
EUR 106.16 103.07 103.07
EUR 106.27 103.17 103.17
EUR 106.55 103.45 103.45
EUR 106.88 103.77 103.77
EUR 106.76 103.65 103.65
EUR 106.65 103.54 103.54
EUR 106.58 103.48 103.48
EUR 106.71 103.60 103.60
EUR 106.80 103.69 103.69
EUR 106.80 103.69 103.69
EUR 106.83 103.72 103.72
EUR 106.91 103.80 103.80
EUR 107.00 103.88 103.88
EUR 106.93 103.82 103.82
EUR 106.83 103.72 103.72
EUR 106.89 103.78 103.78
EUR 106.97 103.85 103.85
EUR 107.09 103.97 103.97
EUR 107.18 104.06 104.06
EUR 107.12 104.00 104.00
EUR 107.16 104.04 104.04
EUR 107.32 104.19 104.19
EUR 107.30 104.17 104.17
EUR 107.23 104.11 104.11
EUR 107.33 104.20 104.20
EUR 107.18 104.06 104.06
EUR 107.23 104.11 104.11
EUR 107.54 104.41 104.41
EUR 107.71 104.57 104.57
EUR 107.83 104.69 104.69
EUR 107.94 104.80 104.80
EUR 108.18 105.03 105.03
EUR 108.33 105.17 105.17
EUR 108.24 105.09 105.09
EUR 108.30 105.15 105.15
EUR 108.57 105.41 105.41
EUR 108.55 105.39 105.39
EUR 108.57 105.41 105.41
EUR 108.93 105.76 105.76
EUR 108.87 105.70 105.70
EUR 108.98 105.81 105.81
EUR 109.03 105.85 105.85
EUR 109.21 106.03 106.03
EUR 109.07 105.89 105.89
EUR 109.11 105.93 105.93
EUR 109.10 105.92 105.92
EUR 109.13 105.95 105.95
EUR 109.26 106.08 106.08
EUR 109.38 106.19 106.19
EUR 109.37 106.18 106.18
EUR 109.30 106.12 106.12
EUR 109.42 106.23 106.23
EUR 109.45 106.26 106.26
EUR 109.49 106.30 106.30
EUR 109.66 106.47 106.47
EUR 109.73 106.53 106.53
EUR 110.02 106.82 106.82
EUR 109.95 106.75 106.75
EUR 110.09 106.88 106.88
EUR 110.10 106.89 106.89
EUR 110.18 106.97 106.97
EUR 110.20 106.99 106.99
EUR 110.19 106.98 106.98
EUR 110.26 107.05 107.05
EUR 110.30 107.09 107.09
EUR 109.83 106.63 106.63
EUR 109.78 106.58 106.58
EUR 109.80 106.60 106.60
EUR 109.73 106.53 106.53
EUR 109.87 106.67 106.67
EUR 109.98 106.78 106.78
EUR 110.05 106.84 106.84
EUR 109.97 106.77 106.77
EUR 109.87 106.67 106.67
EUR 109.89 106.69 106.69
EUR 109.85 106.65 106.65
EUR 109.87 106.67 106.67
EUR 109.89 106.69 106.69
EUR 110.05 106.84 106.84
EUR 110.08 106.87 106.87
EUR 110.15 106.94 106.94
EUR 110.18 106.97 106.97
EUR 110.25 107.04 107.04
EUR 110.49 107.27 107.27
EUR 110.59 107.37 107.37
EUR 110.91 107.68 107.68
EUR 111.02 107.79 107.79
EUR 111.02 107.79 107.79
EUR 111.17 107.93 107.93
EUR 111.26 108.02 108.02
EUR 111.36 108.12 108.12
EUR 112.12 108.85 108.85
EUR 112.49 109.21 109.21
EUR 113.01 109.72 109.72
EUR 112.90 109.61 109.61
EUR 112.96 109.67 109.67
EUR 112.93 109.64 109.64
EUR 112.70 109.42 109.42
EUR 112.94 109.65 109.65
EUR 113.03 109.74 109.74
EUR 113.23 109.93 109.93
EUR 113.42 110.12 110.12
EUR 113.79 110.48 110.48
EUR 113.99 110.67 110.67
EUR 113.95 110.63 110.63
EUR 113.89 110.57 110.57
EUR 113.73 110.42 110.42
EUR 113.64 110.33 110.33
EUR 113.55 110.24 110.24
EUR 113.61 110.30 110.30
EUR 113.82 110.50 110.50
EUR 113.93 110.61 110.61
EUR 114.10 110.78 110.78
EUR 114.07 110.75 110.75
EUR 114.26 110.93 110.93
EUR 114.29 110.96 110.96
EUR 114.37 111.04 111.04
EUR 114.70 111.36 111.36
EUR 114.81 111.47 111.47
EUR 114.89 111.54 111.54
EUR 114.87 111.52 111.52
EUR 114.70 111.36 111.36
EUR 114.96 111.61 111.61
EUR 114.94 111.59 111.59
EUR 115.07 111.72 111.72
EUR 114.89 111.54 111.54
EUR 114.96 111.61 111.61
EUR 115.01 111.66 111.66
EUR 115.09 111.74 111.74
EUR 115.07 111.72 111.72
EUR 115.30 111.94 111.94
EUR 115.29 111.93 111.93
EUR 115.84 112.47 112.47
EUR 115.98 112.60 112.60
EUR 115.77 112.40 112.40
EUR 115.90 112.52 112.52
EUR 115.97 112.59 112.59
EUR 116.03 112.65 112.65
EUR 116.17 112.79 112.79
EUR 116.15 112.77 112.77
EUR 116.34 112.95 112.95
EUR 116.30 112.91 112.91
EUR 116.34 112.95 112.95
EUR 116.37 112.98 112.98
EUR 116.44 113.05 113.05
EUR 116.37 112.98 112.98
EUR 116.38 112.99 112.99
EUR 116.20 112.82 112.82
EUR 116.26 112.87 112.87
EUR 116.15 112.77 112.77
EUR 115.84 112.47 112.47
EUR 115.71 112.34 112.34
EUR 115.64 112.27 112.27
EUR 115.67 112.30 112.30
EUR 115.78 112.41 112.41
EUR 115.71 112.34 112.34
EUR 115.70 112.33 112.33
EUR 115.67 112.30 112.30
EUR 115.75 112.38 112.38
EUR 115.72 112.35 112.35
EUR 115.79 112.42 112.42
EUR 115.63 112.26 112.26
EUR 115.79 112.42 112.42
EUR 115.88 112.50 112.50
EUR 115.96 112.58 112.58
EUR 116.01 112.63 112.63
EUR 115.98 112.60 112.60
EUR 115.98 112.60 112.60
EUR 116.01 112.63 112.63
EUR 115.84 112.47 112.47
EUR 115.82 112.45 112.45
EUR 115.68 112.31 112.31
EUR 115.54 112.17 112.17
EUR 115.62 112.25 112.25
EUR 115.67 112.30 112.30
EUR 115.67 112.30 112.30
EUR 115.71 112.34 112.34
EUR 115.86 112.49 112.49
EUR 115.77 112.40 112.40
EUR 115.72 112.35 112.35
EUR 115.80 112.43 112.43
EUR 115.86 112.49 112.49
EUR 115.89 112.51 112.51
EUR 115.79 112.42 112.42
EUR 115.81 112.44 112.44
EUR 115.76 112.39 112.39
EUR 115.74 112.37 112.37
EUR 115.90 112.52 112.52
EUR 115.94 112.56 112.56
EUR 115.89 112.51 112.51
EUR 115.92 112.54 112.54
EUR 115.64 112.27 112.27
EUR 115.62 112.25 112.25
EUR 115.51 112.15 112.15
EUR 115.59 112.22 112.22
EUR 115.57 112.20 112.20
EUR 115.63 112.26 112.26
EUR 115.43 112.07 112.07
EUR 115.34 111.98 111.98
EUR 115.30 111.94 111.94
EUR 115.25 111.89 111.89
EUR 115.16 111.81 111.81
EUR 115.21 111.85 111.85
EUR 115.34 111.98 111.98
EUR 115.54 112.17 112.17
EUR 115.63 112.26 112.26
EUR 115.56 112.19 112.19
EUR 115.61 112.24 112.24
EUR 115.54 112.17 112.17
EUR 115.79 112.42 112.42
EUR 115.62 112.25 112.25
EUR 115.61 112.24 112.24
EUR 115.59 112.22 112.22
EUR 115.76 112.39 112.39
EUR 115.71 112.34 112.34
EUR 115.80 112.43 112.43
EUR 115.67 112.30 112.30
EUR 115.97 112.59 112.59
EUR 115.93 112.55 112.55
EUR 115.98 112.60 112.60
EUR 115.95 112.57 112.57
EUR 115.95 112.57 112.57
EUR 115.93 112.55 112.55
EUR 115.96 112.58 112.58
EUR 115.95 112.57 112.57
EUR 115.92 112.54 112.54
EUR 116.01 112.63 112.63
EUR 116.25 112.86 112.86
EUR 116.18 112.80 112.80
EUR 116.09 112.71 112.71
EUR 115.80 112.43 112.43
EUR 115.79 112.42 112.42
EUR 115.88 112.50 112.50
EUR 115.75 112.38 112.38
EUR 115.76 112.39 112.39
EUR 115.92 112.54 112.54
EUR 116.06 112.68 112.68
EUR 116.13 112.75 112.75
EUR 116.21 112.83 112.83
EUR 116.38 112.99 112.99
EUR 116.42 113.03 113.03
Export CSV

Opportunities

  • Participate in global bond market growth.
  • Income can be generated from regular interest payments.
  • Active interest rate, currency and risk management (e.g. from the use of derivatives).

Risks

  • Country, credit and issuer liquidity risk. Also potential exchange rate risks. If securities are illiquid (i.e. thinly traded), there is a risk that it may either not be possible to sell the assets at all or only by accepting a significant discount on the sale price.
  • Investing in bonds may entail price risks, especially in case of rising interest rates on the capital markets.
  • Where used, derivatives can have a greater negative impact on the fund value than would be the case if the assets were acquired directly. This can affect the fund's risk profile and volatility (tendency for the price to fluctuate).

Tranche

HT R H RT
ISIN
LU1481583711
WKN
A2AQKG
As at 23.01.2020
NAV
113.03EUR
YTD
0.41%

Fund manager

Frank Lipowski

  • Portfolio Manager and Analyst at Flossbach von Storch since 2009

  • Portfolio management and execution desk at Partners Group AG, Switzerland (2007 - 2008)

  • Portfolio management trainee at Lupus alpha Asset Management GmbH, Frankfurt (2003 - 2007)

  • Obtained a degree in Business Administration at the Frankfurt School of Finance & Management and the University of Colorado (2003 - 2007)

Morningstar Rating

Star Star Star Star Star

Costs

Issue surcharge up to 3.00%
Management fee p.a. 0.93%

Documents

KIID (25.10.2019)
Prospectus (01.01.2020)
Semi-annual report (31.03.2019)
Annual report (30.09.2018)
Notice to the investors (19.02.2019)
Notice to the investors (16.04.2019)
Distribution announcement Flossbach von Storch (04.12.2019)
Notice to the investors (04.12.2019)

Contact

Phone +49 221 33 88-0
Fax +49 221 33 88-101
info@fvsag.com

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