Flossbach von Storch - Bond Opportunities USD-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:A2P8KN
ISIN:LU2206381894
Authorised for distribution:AT, CH, DE, LI, LU
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Share class currency:USD
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:10 August 2020
Fund assets:4,507,151,417.01 USD
NIW:102.90 USD
Redemption price:102.90 USD
Issue price*:105.99 USD
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

In accordance with regulatory requirements, we are not permitted to provide performance figures for this fund, as it has been active for less than a year.

Historic Prices

As atShare class currencyIssue priceRedemption priceNAV
USD100.00
USD104.10101.06101.06
USD104.35101.31101.31
USD104.57101.53101.53
USD105.88102.79102.79
USD105.51102.44102.44
USD105.89102.80102.80
USD106.05102.96102.96
USD106.31103.21103.21
USD105.49102.42102.42
USD105.76102.68102.68
USD106.87103.76103.76
USD106.02102.93102.93
USD105.99102.90102.90

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).