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Flossbach von Storch - Multiple Opportunities II USD-ETAbout usFinancial knowledgeContact
Flossbach von Storch - Multiple Opportunities II USD-ET
Flossbach von Storch SICAV - Multiple OpportunitiesFlossbach von Storch - Foundation FundsThe first step in investingMulti-Asset FundsEquity FundsBond FundsFund overviewFactsheet Newsletter

Flossbach von Storch - Multiple Opportunities II USD-ET

The fund pursues an active investment approach. The fund manager can invest in any investment classes that, in his opinion, appear to be attractive in the relevant capital market environment. The basic principle for asset allocation is an idiosyncratic, independent view of the world that is modelled from economic, political and demographic parameters and is under constant review. 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 index index. The main aim is to make attractive yields on a permanent basis. 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 sub-fund is not managed in reference to a index.

WKN:A2P9FT
ISIN:LU2207301743
Authorised for distribution:AT, CH, DE, ES, LI, LU
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Share class currency:USD
Launch date:24 August 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:27 October 2021
Fund assets:16.344.839.432,27 USD
NIW:110.24 USD
Redemption price:110.24 USD
Issue price*:111.34 USD
Ongoing charges:2.05%
which includes a management fee of:1.93%
Performance fee:Up to 10% of the gross unit value performance, but no more than 2.5% of the average value of the sub-fund’s assets during the accounting period, provided that the gross unit value at the end of an accounting period exceeds the unit value at the end of the preceding accounting periods of the last 5 years (see the prospectus for further details). The payment is made annually at the end of the accounting period.
Issue surcharge:up to 1.00%

* incl. max. issue surcharge 1.00%

Source: Custodian bank / Paying agent

Annual performance (As at: 27.10.2021)

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 (USD, gross, in %, As at: 27.10.2021)

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: 27.10.2021)

YTD8.63%
1 year10.77%
3 years33.91%
5 years46.31%
1 year p.a.10.77%
3 years p.a.10.21%
5 years p.a.7.90%
since 01.07.201648.72%

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: 27.10.2021)

 202120202019201820172016
Jan0.39%1.43%4.68%0.94%0.44%
Feb-1.97%-2.62%2.85%-2.23%2.72%
Mar3.94%-6.59%2.41%-1.75%0.26%
Apr2.44%6.28%2.55%1.65%0.26%
May1.30%-0.87%-2.50%2.19%0.53%
Jun1.89%0.46%2.82%-1.49%-1.54%
Jul0.80%3.22%2.25%2.87%-1.41%3.41%
Aug0.08%3.41%0.44%-0.26%0.36%0.08%
Sep-3.59%-1.38%0.89%-0.17%2.01%-1.43%
Oct3.28%-1.56%0.81%-0.97%1.74%-0.93%
Nov2.32%2.05%0.99%0.49%-0.91%
Dec0.92%1.48%-4.79%0.94%3.12%
YTD8.63%4.48%22.64%-3.24%6.92%3.27%

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*
USD100.20
USD105.63100.60100.57
USD105.74100.70100.66
USD106.76101.68101.64
USD106.40101.33101.28
USD101.28
USD101.28
USD106.34101.27101.24
USD106.07101.02101.00
USD106.26101.20101.18
USD107.56102.43102.39
USD105.79100.75100.70
USD100.70
USD100.70
USD105.0099.9999.96
USD105.37100.36100.33
USD104.6799.6899.72
USD106.21101.16101.15
USD105.49100.47100.48
USD100.48
USD100.47
USD105.68100.65100.66
USD106.03100.99101.00
USD106.48101.40101.40
USD106.43101.36101.36
USD105.94100.89100.87
USD100.87
USD100.87
USD105.24100.22100.19
USD103.6598.7198.82
USD104.6999.7199.71
USD103.6798.7398.90
USD103.4998.5798.76
USD98.76
USD98.76
USD104.0999.1299.26
USD105.04100.03100.06
USD104.7799.7999.84
USD104.9999.99100.03
USD105.38100.36100.40
USD100.39
USD100.39
USD105.23100.22100.25
USD105.71100.67100.65
USD104.8899.8899.88
USD105.23100.22100.21
USD105.71100.67100.66
USD100.66
USD100.66
USD106.32101.25101.24
USD107.00101.91101.91
USD106.97101.87101.85
USD106.68101.60101.58
USD106.05101.00100.99
USD100.99
USD100.99
USD106.39101.32101.30
USD105.57100.54100.52
USD105.29100.27100.26
USD105.21100.20100.17
USD105.20100.19100.17
USD100.17
USD100.17
USD105.35100.33100.31
USD104.5099.5399.53
USD104.4999.5199.50
USD102.1797.3097.31
USD103.1698.2598.28
USD98.28
USD98.28
USD102.8897.9798.00
USD103.9599.0099.03
USD104.5999.6099.60
USD106.26101.21101.21
USD106.93101.84101.81
USD101.81
USD101.81
USD106.89101.80101.77
USD105.82100.78100.76
USD105.53100.51100.49
USD102.45101.44101.43
USD102.23101.21101.20
USD101.20
USD101.19
USD102.65101.63101.62
USD102.76101.75101.72
USD102.38101.37101.34
USD101.90100.89100.88
USD101.95100.94100.92
USD100.92
USD100.92
USD102.00100.99100.96
USD101.44100.43100.41
USD101.19100.19100.18
USD101.62100.61100.59
USD101.78100.77100.75
USD100.75
USD100.75
USD101.56100.56100.55
USD101.43100.42100.42
USD101.41100.41100.43
USD101.34100.34100.35
USD100.9199.9199.94
USD99.94
USD99.94
USD101.13100.13100.16
USD101.47100.47100.49
USD101.93100.93100.96
USD101.83100.83100.85
USD101.68100.67100.69
USD100.69
USD100.69
USD101.64100.64100.66
USD101.24100.23100.24
USD101.61100.60100.61
USD102.05101.04101.03
USD102.31101.29101.30
USD101.30
USD101.30
USD102.29101.28101.27
USD101.57100.57100.57
USD101.81100.80100.81
USD100.81
USD100.81
USD100.81
USD100.81
USD101.65100.64100.64
USD102.17101.16101.16
USD102.50101.48101.48
USD101.48
USD101.48
USD101.48
USD101.48
USD102.56101.54101.54
USD102.83101.81101.81
USD102.75101.74101.74
USD102.44101.42101.42
USD102.98101.96101.96
USD101.96
USD101.96
USD102.84101.83101.83
USD102.60101.58101.58
USD102.35101.34101.34
USD102.57101.55101.55
USD102.53101.51101.51
USD101.51
USD101.51
USD102.37101.36101.36
USD102.53101.52101.52
USD103.05102.03102.03
USD104.00102.97102.97
USD103.80102.77102.77
USD102.77
USD102.77
USD103.48102.46102.46
USD103.86102.83102.83
USD103.86102.83102.83
USD102.74101.73101.73
USD102.90101.88101.88
USD101.88
USD101.88
USD101.65100.65100.65
USD102.98101.96101.96
USD103.71102.69102.69
USD104.11103.08103.08
USD104.00102.97102.97
USD102.97
USD102.97
USD104.14103.11103.11
USD104.27103.23103.23
USD104.27103.24103.24
USD104.19103.16103.16
USD104.33103.30103.30
USD103.30
USD103.30
USD104.51103.48103.48
USD104.65103.62103.62
USD104.63103.60103.60
USD104.28103.25103.25
USD103.93102.90102.90
USD102.90
USD102.90
USD103.00101.98101.98
USD102.52101.51101.51
USD102.26101.25101.25
USD102.50101.48101.48
USD100.8899.8799.87
USD99.87
USD99.87
USD100.2899.2899.28
USD101.81100.80100.80
USD101.89100.88100.88
USD100.9399.9399.93
USD100.6599.6699.66
USD99.66
USD99.66
USD101.73100.72100.72
USD101.82100.81100.81
USD102.80101.78101.78
USD103.20102.18102.18
USD103.36102.33102.33
USD102.33
USD102.33
USD103.09102.06102.06
USD103.65102.62102.62
USD104.17103.14103.14
USD104.44103.40103.40
USD103.93102.90102.90
USD102.90
USD102.90
USD103.84102.81102.81
USD104.15103.12103.12
USD104.16103.12103.12
USD103.91102.88102.88
USD103.94102.92102.92
USD102.92
USD102.92
USD104.68103.64103.64
USD105.33104.28104.28
USD104.84103.80103.80
USD105.17104.12104.12
USD104.12
USD104.12
USD104.12
USD104.12
USD106.68105.62105.62
USD106.77105.71105.71
USD106.59105.53105.53
USD107.21106.15106.15
USD106.15
USD106.15
USD107.69106.62106.62
USD107.48106.42106.42
USD107.54106.48106.48
USD107.02105.96105.96
USD108.09107.03107.03
USD107.03
USD107.03
USD108.22107.16107.16
USD107.73106.66106.66
USD107.22106.16106.16
USD108.00106.93106.93
USD107.77106.70106.70
USD106.70
USD106.70
USD107.84106.77106.77
USD107.65106.59106.59
USD107.49106.42106.42
USD107.12106.06106.06
USD107.40106.33106.33
USD106.33
USD106.33
USD107.20106.14106.14
USD107.49106.42106.42
USD106.96105.90105.90
USD107.34106.27106.27
USD107.83106.76106.76
USD106.76
USD106.76
USD107.98106.91106.91
USD107.61106.54106.54
USD107.07106.01106.01
USD106.01
USD106.80105.74105.74
USD105.74
USD105.74
USD107.51106.45106.45
USD107.95106.88106.88
USD107.30106.24106.24
USD107.18106.12106.12
USD108.11107.03107.03
USD107.03
USD107.03
USD107.03
USD108.59107.52107.52
USD108.58107.51107.51
USD108.72107.65107.65
USD108.43107.36107.36
USD107.36
USD107.36
USD108.78107.71107.71
USD108.55107.47107.47
USD108.38107.31107.31
USD108.56107.49107.49
USD108.51107.43107.43
USD107.43
USD107.43
USD109.09108.01108.01
USD109.15108.07108.07
USD109.04107.96107.96
USD109.08108.00108.00
USD109.67108.59108.59
USD108.59
USD108.59
USD109.94108.85108.85
USD110.10109.01109.01
USD110.06108.97108.97
USD109.74108.65108.65
USD110.08109.00109.00
USD109.64108.54108.54
USD109.88108.80108.80
USD109.91108.83108.83
USD110.35109.26109.26
USD110.49109.39109.39
USD110.85109.76109.76
USD110.85109.75109.75
USD110.94109.84109.84
USD111.15110.04110.04
USD111.67110.57110.57
USD111.71110.61110.61
USD112.02110.91110.91
USD112.36111.26111.26
USD111.28110.17110.17
USD111.90110.80110.80
USD112.05110.94110.94
USD112.35111.24111.24
USD112.33111.22111.22
USD112.05110.94110.94
USD111.66110.55110.55
USD110.95109.85109.85
USD111.65110.54110.54
USD112.01110.90110.90
USD111.90110.79110.79
USD112.80111.68111.68
USD112.08110.97110.97
USD111.48110.38110.38
USD112.07110.96110.96
USD111.74110.63110.63
USD111.09109.99109.99
USD110.79109.70109.70
USD111.32110.22110.22
USD111.32110.22110.22
USD111.43110.33110.33
USD111.23110.12110.12
USD111.37110.27110.27
USD111.24110.14110.14
USD111.10110.00110.00
USD111.20110.10110.10
USD111.10110.01110.01
USD111.27110.17110.17
USD111.44110.34110.34
USD110.67109.57109.57
USD110.67109.57109.57
USD111.01109.91109.91
USD111.57110.46110.46
USD111.52110.42110.42
USD111.28110.18110.18
USD111.12110.02110.02
USD111.51110.40110.40
USD111.83110.72110.72
USD111.59110.48110.48
USD111.43110.33110.33
USD111.30110.20110.20
USD111.52110.41110.41
USD111.72110.62110.62
USD111.22110.11110.11
USD110.81109.71109.71
USD110.59109.49109.49
USD109.89108.80108.80
USD110.01108.93108.93
USD109.80108.71108.71
USD109.82108.74108.74
USD109.72108.63108.63
USD109.09108.01108.01
USD108.31107.24107.24
USD108.73107.65107.65
USD108.96107.88107.88
USD109.21108.13108.13
USD109.25108.17108.17
USD109.01107.93107.93
USD107.69106.62106.62
USD107.81106.74106.74
USD107.65106.59106.59
USD107.79106.72106.72
USD106.69105.63105.63
USD107.33106.26106.26
USD108.08107.01107.01
USD108.92107.85107.85
USD108.95107.87107.87
USD108.42107.34107.34
USD108.54107.47107.47
USD109.18108.10108.10
USD110.23109.14109.14
USD110.40109.31109.31
USD110.58109.49109.49
USD110.91109.82109.82
USD111.42110.31110.31
USD111.57110.46110.46
USD111.36110.25110.25
USD111.32110.22110.22
USD111.34110.24110.24
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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.

Morningstar Rating™ overall: © (2021) 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: 

Tranche

HCHF-HTUSD-ETETRHTRTCHF-RTUSD-RT
ISIN
LU2207301743
WKN
A2P9FT
As at 27.10.2021
NAV
110.24USD
YTD
8.61%

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."

Morningstar Rating

StarStarStarStarStar

Costs

Issue surcharge up to 1.00%
Management fee p.a. 1.93%
Performance fee Up to 10% of the gross unit value performance, but no more than 2.5% of the average value of the sub-fund’s assets during the accounting period, provided that the gross unit value at the end of an accounting period exceeds the unit value at the end of the preceding accounting periods of the last 5 years (see the prospectus for further details). The payment is made annually at the end of the accounting period.
Exchange commission 1.00%

Risk/Return profile

Lower risk
Higher risk
Potentially lower reward
Potentially higher reward
1
2
3
4
5
6
7

Documents

KIID (06.09.2021)
Prospectus (01.10.2021)
Semi-annual report (31.03.2021)
Annual report (30.09.2020)
Distribution announcement Flossbach von Storch (01.12.2020)

Contact

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