Flossbach von Storch - Bond Opportunities CHF-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. The sub-fund is actively managed. The fund manager determines, regularly reviews and, if necessary, adjusts the composition of the portfolio exclusively in accordance with the criteria specified in the investment policy. The performance of the sub-fund is compared against the index as reference. The fund manager is not bound at any time to the index in his investment decision and portfolio composition. Therefore, the performance of the sub-fund may differ significantly from the indicated reference index.


WKN:A2P8JS
ISIN:LU2206381621
Authorised for distribution:AT, CH, DE, LI, LU
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Share class currency:CHF
Launch date:22 July 2020
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:29 October 2020
Fund assets**:5,114,853,266.77 CHF
NIW:100.94 CHF
Redemption price:100.94 CHF
Issue price*:103.96 CHF
Ongoing charges:1.04%
which includes a management fee of:0.93%
Performance fee:
Issue surcharge:up to 3.00%

* incl. max. issue surcharge 3.00%

** Conversion into the share class currency is based on the exchange rate on the day.

Source: Custodian bank / Paying agent

Annual performance (As at: 29.10.2020)

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 (CHF, gross, in %, As at: 29.10.2020)

Reference index: Bloomberg Barclays Global-Aggregate Total Return Index Value Hedged EUR

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: 29.10.2020)

YTD7.23%
1 year7.27%
3 years15.20%
1 year p.a.8.57%
3 years p.a.4.83%
since 31.12.201530.45%

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: 29.10.2020)

 202020192018201720162015
Jan0.58%1.78%-0.39%0.43%-1.33%
Feb0.33%1.43%-0.66%1.61%0.89%
Mar-6.27%1.52%-0.67%-0.27%3.21%
Apr6.55%1.16%0.42%0.72%1.69%
May1.61%0.06%-0.03%0.55%-0.01%
Jun1.36%2.59%-0.59%-0.17%1.32%
Jul2.69%1.55%0.91%0.41%2.71%
Aug-0.04%1.36%-0.03%0.18%1.35%
Sep-0.18%-0.45%-0.23%-0.09%-0.28%
Oct0.83%-0.12%-0.94%0.85%-0.24%
Nov-0.19%-1.04%-0.11%-1.37%
Dec0.29%-0.29%-0.36%0.74%0.00%
YTD7.23%11.49%-3.50%3.81%8.93%0.00%

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

Historic Prices

As atShare class currencyIssue priceRedemption priceNAV
CHF100.00
CHF103.33100.32100.32
CHF103.21100.20100.20
CHF103.13100.12100.12
CHF103.97100.94100.94
CHF103.42100.41100.41
CHF103.47100.46100.46
CHF103.34100.33100.33
CHF103.32100.31100.31
CHF103.85100.82100.82
CHF103.52100.50100.50
CHF103.53100.51100.51
CHF103.94100.91100.91
CHF103.88100.86100.86
CHF104.06101.03101.03
CHF104.05101.02101.02
CHF103.92100.89100.89
CHF103.77100.74100.74
CHF103.58100.57100.57
CHF103.58100.57100.57
CHF103.59100.58100.58
CHF103.59100.57100.57
CHF103.67100.66100.66
CHF103.78100.76100.76
CHF103.74100.72100.72
CHF103.64100.62100.62
CHF103.50100.48100.48
CHF103.42100.41100.41
CHF103.30100.29100.29
CHF103.34100.33100.33
CHF103.55100.53100.53
CHF103.89100.86100.86
CHF103.97100.95100.95
CHF103.68100.66100.66
CHF103.63100.62100.62
CHF103.63100.61100.61
CHF103.49100.48100.48
CHF103.54100.52100.52
CHF103.60100.58100.58
CHF103.64100.62100.62
CHF103.67100.65100.65
CHF103.70100.68100.68
CHF103.71100.69100.69
CHF103.64100.62100.62
CHF103.65100.63100.63
CHF103.48100.46100.46
CHF103.43100.43100.43
CHF103.17100.17100.17
CHF103.07100.07100.07
CHF103.10100.10100.10
CHF103.12100.11100.11
CHF103.17100.17100.17
CHF103.35100.34100.34
CHF103.43100.41100.41
CHF103.40100.39100.39
CHF103.69100.67100.67
CHF103.67100.65100.65
CHF103.79100.77100.77
CHF103.72100.69100.69
CHF103.80100.77100.77
CHF103.94100.92100.92
CHF104.05101.02101.02
CHF104.05101.01101.01
CHF104.05101.02101.02
CHF104.07101.04101.04
CHF103.95100.92100.92
CHF103.85100.82100.82
CHF103.83100.80100.80
CHF103.89100.87100.87
CHF103.99100.96100.96
CHF104.09101.05101.05
CHF103.96100.94100.94

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).

Morningstar Rating™ overall: © (2020) Morningstar Inc. All rights reserved. The information contained herein: (1) is protected by copyright for Morningstar and / or its content providers; (2) may not be copied or distributed, and (3) is not guaranteed with regard to its accuracy, completeness, or timeliness. Neither Morningstar nor its content providers are liable for any damages or losses that may result from the use of this information. Ratings refer to the previous month. Status: