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Flossbach von Storch - Multiple Opportunities II HT About us Financial knowledge Contact
Flossbach von Storch - Multiple Opportunities II HT
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 - Multiple Opportunities II HT

The fund pursues an active investment approach. The fund manager can invest in any investment classes that, in his/her opinion, appear to be attractive in the relevant capital market environment. The equity component amounts to at least 25 per cent. The basic principle for asset allocation is an idiosyncratic, independent view of the world. A thorough company analysis is performed to assess whether an individual investment is attractive. A determining factor for each investment decision is the risk/ reward ratio. The potential for yield must considerably overcompensate for any risks of loss. The portfolio structure, and thus the fund’s risk/reward profile, is aligned to the five Flossbach von Storch pentagram pillars, particularly the diversification principle. The fund is deliberately not oriented to any benchmark index. The main aim is to make attractive yields on a permanent basis.

WKN:A2JA87
ISIN:LU1748854947
Authorised for distribution:AT, CH, DE, ES, LU
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Launch date:5 February 2018
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:8,734,919,243.30 EUR
NIW:118.09 EUR
Redemption price:118.09 EUR
Ongoing charges:1.10%
which includes a management fee of:0.98%
Performance fee:up to 10% of the increase in unit value if the unit value at the end of a quarter is higher than the maximum unit value at the end of preceding quarters. Payments are made quarterly.
Issue surcharge:0.00%

* incl. max. issue surcharge 0.00%

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)

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)

YTD1.78%
1 year18.81%
3 years24.11%
5 years35.19%
1 year p.a.7.19%
3 years p.a.7.47%
5 years p.a.6.21%
since 01.10.201363.92%

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)

 20202019201820172016201520142013
Jan1.78%4.46%0.81%0.38%-5.33%5.83%-1.62%
Feb2.81%-2.27%2.75%4.13%2.73%3.15%
Mar2.30%-1.89%0.21%1.90%1.43%-0.09%
Apr2.34%1.50%0.25%0.36%-0.58%0.76%
May-2.64%2.05%0.49%0.27%0.63%0.82%
Jun2.60%-1.68%-1.61%0.67%-4.15%0.89%
Jul2.16%2.78%-1.47%3.39%3.25%0.88%
Aug0.32%-0.42%0.28%0.08%-4.92%1.55%
Sep0.75%-0.23%2.02%-1.33%-3.68%0.75%
Oct0.66%-1.05%1.71%-0.91%9.80%0.17%1.07%
Nov2.01%0.85%0.45%-0.84%0.63%3.22%1.43%
Dec1.31%-4.99%0.77%3.12%-1.32%1.32%-0.34%
YTD1.78%20.65%-4.71%6.31%5.27%9.05%12.34%2.17%

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

Strategy breakdown (As at: 31.12.2019)

Equities65.44 %
Bonds7.92 %
Convertible bonds0.23 %
Gold (indirect)9.46 %
Cash17.37 %
Other (incl. derivatives)-0.42 %

Source: Depositary and Flossbach von Storch

Top 10 equity holdings (As at: 31.12.2019)

NESTLE5.20 %
PHILIP MORRIS INTERNAT.4.50 %
BERKSHIRE HATHAWAY B4.49 %
RECKITT BENCKISER GROUP4.01 %
UNILEVER3.89 %
ALPHABET - CLASS A2.84 %
BARRICK GOLD2.69 %
JOHNSON & JOHNSON2.65 %
3M2.56 %
NOVO NORDISK B2.30 %

 Source: Depositary and Flossbach von Storch

Top 10 sectors for equities (As at: 31.12.2019)

Food, Beverage & Tobacco17.25 %
Household & Personal Products12.07 %
Capital Goods10.11 %
Materials10.09 %
Media & Entertainment10.04 %
Diversified Financials8.26 %
Pharmaceuticals, Biotechnology & Life Sciences7.57 %
Software & Services5.23 %
Telecommunication Services3.97 %
Automobiles & Components3.44 %

 Source: Depositary and Flossbach von Storch

Top 10 countries for equities  (As at: 31.12.2019)

USA41.38 %
Germany17.38 %
Switzerland8.95 %
United Kingdom8.56 %
Netherlands5.95 %
Canada4.82 %
Denmark3.52 %
India2.60 %
Japan2.02 %
China1.95 %

Currency after hedging (As at: 31.12.2019)

EUR49.59 %
USD32.97 %
CHF5.89 %
GBP5.67 %
DKK2.30 %
INR1.71 %
JPY1.32 %
HKD0.38 %
CAD0.17 %

Source: Depositary and Flossbach von Storch

Other key figures (As at: 31.12.2019)

Sharpe Ratio a 2,40
Value at Risk (VaR) b -4,06%
Volatility c 6,71%
Maximum drawdown d -4,22%

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 104.11 99.15 99.15
EUR 103.77 98.83 98.83
EUR 104.36 99.39 99.39
EUR 103.14 98.23 98.23
EUR 103.14 98.23 98.23
EUR 103.88 98.93 98.93
EUR 103.24 98.32 98.32
EUR 103.93 98.98 98.98
EUR 104.01 99.06 99.06
EUR 104.67 99.69 99.69
EUR 104.17 99.21 99.21
EUR 104.01 99.06 99.06
EUR 103.95 99.00 99.00
EUR 103.89 98.94 98.94
EUR 104.42 99.45 99.45
EUR 104.91 99.91 99.91
EUR 104.38 99.41 99.41
EUR 104.36 99.39 99.39
EUR 103.41 98.49 98.49
EUR 102.57 97.69 97.69
EUR 102.99 98.09 98.09
EUR 102.97 98.07 98.07
EUR 102.95 98.05 98.05
EUR 103.85 98.90 98.90
EUR 104.35 99.38 99.38
EUR 104.38 99.41 99.41
EUR 103.56 98.63 98.63
EUR 103.53 98.60 98.60
EUR 103.55 98.62 98.62
EUR 103.59 98.66 98.66
EUR 102.93 98.03 98.03
EUR 103.12 98.21 98.21
EUR 103.09 98.18 98.18
EUR 102.21 97.34 97.34
EUR 101.84 96.99 96.99
EUR 101.64 96.80 96.80
EUR 97.06 97.06 97.06
EUR 97.53 97.53 97.53
EUR 97.94 97.94 97.94
EUR 98.02 98.02 98.02
EUR 98.06 98.06 98.06
EUR 99.12 99.12 99.12
EUR 98.75 98.75 98.75
EUR 98.56 98.56 98.56
EUR 98.92 98.92 98.92
EUR 98.74 98.74 98.74
EUR 98.97 98.97 98.97
EUR 99.12 99.12 99.12
EUR 98.94 98.94 98.94
EUR 99.30 99.30 99.30
EUR 98.92 98.92 98.92
EUR 98.09 98.09 98.09
EUR 97.88 97.88 97.88
EUR 97.91 97.91 97.91
EUR 97.65 97.65 97.65
EUR 97.53 97.53 97.53
EUR 98.50 98.50 98.50
EUR 98.99 98.99 98.99
EUR 98.96 98.96 98.96
EUR 99.13 99.13 99.13
EUR 98.86 98.86 98.86
EUR 99.39 99.39 99.39
EUR 99.85 99.85 99.85
EUR 99.97 99.97 99.97
EUR 100.81 100.81 100.81
EUR 100.42 100.42 100.42
EUR 100.41 100.41 100.41
EUR 100.14 100.14 100.14
EUR 100.58 100.58 100.58
EUR 100.74 100.74 100.74
EUR 100.87 100.87 100.87
EUR 100.72 100.72 100.72
EUR 101.15 101.15 101.15
EUR 101.00 101.00 101.00
EUR 101.18 101.18 101.18
EUR 101.26 101.26 101.26
EUR 100.95 100.95 100.95
EUR 101.02 101.02 101.02
EUR 100.43 100.43 100.43
EUR 100.80 100.80 100.80
EUR 100.66 100.66 100.66
EUR 100.77 100.77 100.77
EUR 100.22 100.22 100.22
EUR 99.81 99.81 99.81
EUR 100.20 100.20 100.20
EUR 100.23 100.23 100.23
EUR 100.52 100.52 100.52
EUR 100.41 100.41 100.41
EUR 101.51 101.51 101.51
EUR 101.20 101.20 101.20
EUR 100.75 100.75 100.75
EUR 100.86 100.86 100.86
EUR 100.98 100.98 100.98
EUR 100.22 100.22 100.22
EUR 100.56 100.56 100.56
EUR 99.29 99.29 99.29
EUR 99.29 99.29 99.29
EUR 99.26 99.26 99.26
EUR 99.32 99.32 99.32
EUR 99.25 99.25 99.25
EUR 99.55 99.55 99.55
EUR 99.95 99.95 99.95
EUR 100.21 100.21 100.21
EUR 100.60 100.60 100.60
EUR 100.51 100.51 100.51
EUR 100.67 100.67 100.67
EUR 100.94 100.94 100.94
EUR 100.47 100.47 100.47
EUR 101.25 101.25 101.25
EUR 101.19 101.19 101.19
EUR 100.83 100.83 100.83
EUR 101.07 101.07 101.07
EUR 101.73 101.73 101.73
EUR 101.55 101.55 101.55
EUR 101.41 101.41 101.41
EUR 101.29 101.29 101.29
EUR 101.84 101.84 101.84
EUR 102.00 102.00 102.00
EUR 102.52 102.52 102.52
EUR 102.57 102.57 102.57
EUR 102.08 102.08 102.08
EUR 102.04 102.04 102.04
EUR 101.69 101.69 101.69
EUR 102.04 102.04 102.04
EUR 102.63 102.63 102.63
EUR 102.87 102.87 102.87
EUR 102.86 102.86 102.86
EUR 102.61 102.61 102.61
EUR 102.93 102.93 102.93
EUR 102.77 102.77 102.77
EUR 102.55 102.55 102.55
EUR 102.28 102.28 102.28
EUR 102.34 102.34 102.34
EUR 102.33 102.33 102.33
EUR 102.47 102.47 102.47
EUR 102.13 102.13 102.13
EUR 101.76 101.76 101.76
EUR 101.57 101.57 101.57
EUR 101.53 101.53 101.53
EUR 101.94 101.94 101.94
EUR 101.61 101.61 101.61
EUR 101.85 101.85 101.85
EUR 101.65 101.65 101.65
EUR 101.48 101.48 101.48
EUR 101.38 101.38 101.38
EUR 101.01 101.01 101.01
EUR 100.41 100.41 100.41
EUR 100.35 100.35 100.35
EUR 100.72 100.72 100.72
EUR 100.76 100.76 100.76
EUR 100.72 100.72 100.72
EUR 101.21 101.21 101.21
EUR 101.05 101.05 101.05
EUR 101.24 101.24 101.24
EUR 101.07 101.07 101.07
EUR 101.10 101.10 101.10
EUR 101.34 101.34 101.34
EUR 101.55 101.55 101.55
EUR 101.54 101.54 101.54
EUR 100.85 100.85 100.85
EUR 100.81 100.81 100.81
EUR 100.84 100.84 100.84
EUR 101.42 101.42 101.42
EUR 101.60 101.60 101.60
EUR 101.88 101.88 101.88
EUR 102.36 102.36 102.36
EUR 102.41 102.41 102.41
EUR 101.65 101.65 101.65
EUR 101.35 101.35 101.35
EUR 101.05 101.05 101.05
EUR 100.98 100.98 100.98
EUR 99.49 99.49 99.49
EUR 98.85 98.85 98.85
EUR 99.02 99.02 99.02
EUR 99.21 99.21 99.21
EUR 100.14 100.14 100.14
EUR 100.27 100.27 100.27
EUR 100.26 100.26 100.26
EUR 100.47 100.47 100.47
EUR 100.28 100.28 100.28
EUR 100.25 100.25 100.25
EUR 99.74 99.74 99.74
EUR 100.32 100.32 100.32
EUR 99.76 99.76 99.76
EUR 99.85 99.85 99.85
EUR 100.36 100.36 100.36
EUR 101.69 101.69 101.69
EUR 101.56 101.56 101.56
EUR 101.62 101.62 101.62
EUR 101.49 101.49 101.49
EUR 101.91 101.91 101.91
EUR 101.62 101.62 101.62
EUR 101.43 101.43 101.43
EUR 100.73 100.73 100.73
EUR 100.69 100.69 100.69
EUR 100.69 100.69 100.69
EUR 100.49 100.49 100.49
EUR 100.41 100.41 100.41
EUR 99.68 99.68 99.68
EUR 99.23 99.23 99.23
EUR 99.76 99.76 99.76
EUR 99.47 99.47 99.47
EUR 99.71 99.71 99.71
EUR 100.56 100.56 100.56
EUR 100.67 100.67 100.67
EUR 101.40 101.40 101.40
EUR 101.21 101.21 101.21
EUR 101.52 101.52 101.52
EUR 102.04 102.04 102.04
EUR 100.93 100.93 100.93
EUR 100.43 100.43 100.43
EUR 99.34 99.34 99.34
EUR 99.10 99.10 99.10
EUR 98.56 98.56 98.56
EUR 99.39 99.39 99.39
EUR 99.96 99.96 99.96
EUR 99.92 99.92 99.92
EUR 99.26 99.26 99.26
EUR 98.28 98.28 98.28
EUR 97.77 97.77 97.77
EUR 96.65 96.65 96.65
EUR 96.21 96.21 96.21
EUR 96.44 96.44 96.44
EUR 96.16 96.16 96.16
EUR 96.76 96.76 96.76
EUR 96.96 96.96 96.96
EUR 95.74 95.74 95.74
EUR 97.51 97.51 97.51
EUR 97.14 97.14 97.14
EUR 97.77 97.77 97.77
EUR 97.87 97.87 97.87
EUR 97.90 97.90 97.90
EUR 98.13 98.13 98.13
EUR 97.63 97.63 97.63
EUR 98.18 98.18 98.18
EUR 98.42 98.42 98.42
EUR 98.82 98.82 98.82
EUR 99.98 99.98 99.98
EUR 99.83 99.83 99.83
EUR 99.39 99.39 99.39
EUR 99.18 99.18 99.18
EUR 99.21 99.21 99.21
EUR 99.75 99.75 99.75
EUR 99.33 99.33 99.33
EUR 99.75 99.75 99.75
EUR 100.45 100.45 100.45
EUR 100.95 100.95 100.95
EUR 101.23 101.23 101.23
EUR 101.39 101.39 101.39
EUR 102.20 102.20 102.20
EUR 101.85 101.85 101.85
EUR 100.96 100.96 100.96
EUR 101.13 101.13 101.13
EUR 101.45 101.45 101.45
EUR 102.08 102.08 102.08
EUR 102.23 102.23 102.23
EUR 102.09 102.09 102.09
EUR 103.07 103.07 103.07
EUR 103.11 103.11 103.11
EUR 103.18 103.18 103.18
EUR 103.65 103.65 103.65
EUR 103.38 103.38 103.38
EUR 103.51 103.51 103.51
EUR 103.44 103.44 103.44
EUR 103.61 103.61 103.61
EUR 103.27 103.27 103.27
EUR 103.04 103.04 103.04
EUR 103.51 103.51 103.51
EUR 103.71 103.71 103.71
EUR 103.92 103.92 103.92
EUR 103.59 103.59 103.59
EUR 103.75 103.75 103.75
EUR 103.81 103.81 103.81
EUR 104.54 104.54 104.54
EUR 104.46 104.46 104.46
EUR 104.88 104.88 104.88
EUR 104.91 104.91 104.91
EUR 105.16 105.16 105.16
EUR 105.35 105.35 105.35
EUR 105.76 105.76 105.76
EUR 105.46 105.46 105.46
EUR 106.01 106.01 106.01
EUR 105.48 105.48 105.48
EUR 105.31 105.31 105.31
EUR 105.92 105.92 105.92
EUR 105.75 105.75 105.75
EUR 105.65 105.65 105.65
EUR 106.17 106.17 106.17
EUR 106.79 106.79 106.79
EUR 107.10 107.10 107.10
EUR 107.06 107.06 107.06
EUR 107.25 107.25 107.25
EUR 107.11 107.11 107.11
EUR 106.97 106.97 106.97
EUR 106.87 106.87 106.87
EUR 106.77 106.77 106.77
EUR 106.57 106.57 106.57
EUR 106.77 106.77 106.77
EUR 106.92 106.92 106.92
EUR 106.98 106.98 106.98
EUR 106.88 106.88 106.88
EUR 107.02 107.02 107.02
EUR 107.63 107.63 107.63
EUR 107.64 107.64 107.64
EUR 107.82 107.82 107.82
EUR 108.10 108.10 108.10
EUR 108.12 108.12 108.12
EUR 107.70 107.70 107.70
EUR 107.61 107.61 107.61
EUR 107.66 107.66 107.66
EUR 107.17 107.17 107.17
EUR 106.73 106.73 106.73
EUR 106.10 106.10 106.10
EUR 106.15 106.15 106.15
EUR 105.79 105.79 105.79
EUR 106.02 106.02 106.02
EUR 106.41 106.41 106.41
EUR 106.85 106.85 106.85
EUR 106.73 106.73 106.73
EUR 106.23 106.23 106.23
EUR 106.32 106.32 106.32
EUR 106.37 106.37 106.37
EUR 106.06 106.06 106.06
EUR 105.83 105.83 105.83
EUR 105.97 105.97 105.97
EUR 105.51 105.51 105.51
EUR 105.27 105.27 105.27
EUR 104.95 104.95 104.95
EUR 104.99 104.99 104.99
EUR 105.68 105.68 105.68
EUR 105.73 105.73 105.73
EUR 105.99 105.99 105.99
EUR 106.42 106.42 106.42
EUR 106.83 106.83 106.83
EUR 106.93 106.93 106.93
EUR 107.23 107.23 107.23
EUR 106.95 106.95 106.95
EUR 106.91 106.91 106.91
EUR 108.05 108.05 108.05
EUR 107.98 107.98 107.98
EUR 108.47 108.47 108.47
EUR 108.26 108.26 108.26
EUR 108.18 108.18 108.18
EUR 108.04 108.04 108.04
EUR 107.78 107.78 107.78
EUR 108.01 108.01 108.01
EUR 108.45 108.45 108.45
EUR 108.64 108.64 108.64
EUR 109.38 109.38 109.38
EUR 110.06 110.06 110.06
EUR 110.08 110.08 110.08
EUR 109.85 109.85 109.85
EUR 109.59 109.59 109.59
EUR 109.49 109.49 109.49
EUR 109.57 109.57 109.57
EUR 109.50 109.50 109.50
EUR 109.65 109.65 109.65
EUR 109.62 109.62 109.62
EUR 109.79 109.79 109.79
EUR 109.75 109.75 109.75
EUR 110.29 110.29 110.29
EUR 109.93 109.93 109.93
EUR 110.12 110.12 110.12
EUR 110.92 110.92 110.92
EUR 111.07 111.07 111.07
EUR 110.41 110.41 110.41
EUR 110.97 110.97 110.97
EUR 111.17 111.17 111.17
EUR 110.34 110.34 110.34
EUR 109.82 109.82 109.82
EUR 110.04 110.04 110.04
EUR 109.34 109.34 109.34
EUR 107.64 107.64 107.64
EUR 107.97 107.97 107.97
EUR 108.50 108.50 108.50
EUR 109.46 109.46 109.46
EUR 108.97 108.97 108.97
EUR 108.67 108.67 108.67
EUR 109.39 109.39 109.39
EUR 108.93 108.93 108.93
EUR 109.87 109.87 109.87
EUR 110.26 110.26 110.26
EUR 109.81 109.81 109.81
EUR 110.32 110.32 110.32
EUR 110.25 110.25 110.25
EUR 109.45 109.45 109.45
EUR 109.65 109.65 109.65
EUR 109.84 109.84 109.84
EUR 110.32 110.32 110.32
EUR 110.69 110.69 110.69
EUR 111.14 111.14 111.14
EUR 111.31 111.31 111.31
EUR 111.21 111.21 111.21
EUR 111.61 111.61 111.61
EUR 111.36 111.36 111.36
EUR 111.46 111.46 111.46
EUR 111.06 111.06 111.06
EUR 111.22 111.22 111.22
EUR 112.05 112.05 112.05
EUR 112.02 112.02 112.02
EUR 111.45 111.45 111.45
EUR 111.37 111.37 111.37
EUR 111.44 111.44 111.44
EUR 111.25 111.25 111.25
EUR 111.46 111.46 111.46
EUR 111.71 111.71 111.71
EUR 111.78 111.78 111.78
EUR 111.49 111.49 111.49
EUR 111.76 111.76 111.76
EUR 111.83 111.83 111.83
EUR 111.52 111.52 111.52
EUR 111.59 111.59 111.59
EUR 110.99 110.99 110.99
EUR 109.94 109.94 109.94
EUR 110.04 110.04 110.04
EUR 110.87 110.87 110.87
EUR 110.78 110.78 110.78
EUR 110.35 110.35 110.35
EUR 110.54 110.54 110.54
EUR 110.59 110.59 110.59
EUR 110.89 110.89 110.89
EUR 111.05 111.05 111.05
EUR 111.47 111.47 111.47
EUR 111.82 111.82 111.82
EUR 111.80 111.80 111.80
EUR 111.21 111.21 111.21
EUR 111.46 111.46 111.46
EUR 111.38 111.38 111.38
EUR 111.86 111.86 111.86
EUR 112.14 112.14 112.14
EUR 112.23 112.23 112.23
EUR 112.22 112.22 112.22
EUR 111.96 111.96 111.96
EUR 112.26 112.26 112.26
EUR 112.59 112.59 112.59
EUR 113.03 113.03 113.03
EUR 113.37 113.37 113.37
EUR 113.79 113.79 113.79
EUR 113.64 113.64 113.64
EUR 113.85 113.85 113.85
EUR 113.60 113.60 113.60
EUR 113.79 113.79 113.79
EUR 113.98 113.98 113.98
EUR 113.77 113.77 113.77
EUR 113.95 113.95 113.95
EUR 113.75 113.75 113.75
EUR 113.78 113.78 113.78
EUR 113.35 113.35 113.35
EUR 113.12 113.12 113.12
EUR 113.45 113.45 113.45
EUR 113.99 113.99 113.99
EUR 114.27 114.27 114.27
EUR 114.60 114.60 114.60
EUR 114.52 114.52 114.52
EUR 114.41 114.41 114.41
EUR 113.61 113.61 113.61
EUR 113.71 113.71 113.71
EUR 113.97 113.97 113.97
EUR 113.94 113.94 113.94
EUR 114.69 114.69 114.69
EUR 114.40 114.40 114.40
EUR 114.28 114.28 114.28
EUR 114.75 114.75 114.75
EUR 114.49 114.49 114.49
EUR 114.69 114.69 114.69
EUR 115.49 115.49 115.49
EUR 114.63 114.63 114.63
EUR 114.82 114.82 114.82
EUR 115.06 115.06 115.06
EUR 115.62 115.62 115.62
EUR 116.00 116.00 116.00
EUR 116.02 116.02 116.02
EUR 115.31 115.31 115.31
EUR 116.02 116.02 116.02
EUR 115.93 115.93 115.93
EUR 116.06 116.06 116.06
EUR 116.39 116.39 116.39
EUR 116.41 116.41 116.41
EUR 116.76 116.76 116.76
EUR 116.82 116.82 116.82
EUR 116.81 116.81 116.81
EUR 116.93 116.93 116.93
EUR 117.23 117.23 117.23
EUR 117.51 117.51 117.51
EUR 118.14 118.14 118.14
EUR 118.15 118.15 118.15
EUR 117.99 117.99 117.99
EUR 118.09 118.09 118.09
Export CSV

Opportunities

  • Flexible investment policy without benchmarking.
  • Risk is broadly diversified by investing in a range of asset classes (e.g. equities, bonds, convertible bonds and precious metals indirect). Market potential can be exploited by investing across a wide range.
  • Investing in assets denominated in a foreign currency can have a positive impact on unit values as a result of exchange rate movements.
  • Derivatives can be used to increase potential yields.
  • Precious metals (indirect) (e.g. in the form of gold) can be used to increase potential yields.

Risks

  • Market risks: The securities in which the Management Company invests the sub-fund assets present opportunities for gain but also the possibility of risk. If a sub-fund invests directly or indirectly in securities and other assets, it is subject to many general trends and tendencies on the markets, which are sometimes attributable to irrational factors, particularly on the securities markets. Losses can occur when the market value of the assets decreases against the cost price. If a unit holder disposes of units in a sub-fund at a time when the quoted price of the sub-fund assets is less than at the time of investment, then the unit holder will not recover the full value of the investment. While each sub-fund constantly strives to achieve growth, growth cannot be guaranteed. The risk exposure of the investor is, however, limited to the sum invested. There is no obligation to make additional capital contributions beyond investors' investments.
  • Currency risks: If a sub-fund holds assets which are denominated in foreign currencies, it shall be subject to currency risk. In the event of a devaluation of the foreign currency against the reference currency of the subfund, the value of the assets held in foreign currencies shall fall.
  • Credit risks: The fund may invest part of its assets in bonds. The issuers of these bonds could become insolvent, causing the bonds to lose some or all of their value.
  • Interest change risks: Investing in securities at a fixed rate of interest is connected with the possibility that the current interest rate at the time of issuance of a security could change. If the current interest rate increases as against the interest at the time of issue, fixed rate securities will generally decrease in value. Conversely, if the current interest rate falls, fixed rate securities
  • will increase.
  • Risks relating to the use of derivatives: The fund may enter into derivative transactions for the purposes listed in the KIID and the sales prospectus. This means increased opportunities, but also increased risk of losses. The use of derivatives to hedge against losses may also reduce the profit opportunities of the fund.
  • Risks of precious metals and commodities: Precious metals and commodities may be subject to greater price fluctuations. Trading prices may also fall.

Tranche

R CHF-H ET HT CHF-HT H RT CHF-RT USD-RT
ISIN
LU1748854947
WKN
A2JA87
As at 23.01.2020
NAV
118.09EUR
YTD
1.78%

Fund manager

Dr. Bert Flossbach

  • Dr Bert Flossbach co-founded Flossbach von Storch in 1998 and has been a member of the board ever since. He is responsible for the areas of Research and Investment Management.

  • „Active portfolio management, not bound by a need to beat benchmarks, always begins with a blank sheet of paper."

Costs

Issue surcharge up to 0.00%
Management fee p.a. 0.98%
Performance fee up to 10% of the increase in unit value if the unit value at the end of a quarter is higher than the maximum unit value at the end of preceding quarters. Payments are made quarterly.

Documents

KIID (01.01.2020)
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)
Notice to the investors (26.11.2019)
Distribution announcement Flossbach von Storch (04.12.2019)

Contact

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

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