English 
The Flossbach von Storch - Foundation Defensive Sub-Fund offers professional asset management to foundations and other sustainability-oriented investors. The defensive multi-asset strategy is designed to generate a reasonable increase in value while preserving the substance of the assets over the medium term. The fund management invests globally in equities (maximum 35 per cent), bonds, convertible bonds, currencies, gold (indirectly) and investment funds according to the principle of risk diversification. Derivatives may be used to hedge or optimise returns. The selection of individual securities is based on in-house valuation models that also include ESG issues. In addition, exclusion criteria are taken into account that are based on a broad consensus of values. For example, the fund management refrains from investing in companies that are associated with the production and distribution of controversial weapons, or that generate significant revenues from military weapons, thermal coal, tobacco, alcohol and gambling. Also excluded are companies that seriously violate the principles of the UN Global Compact initiative ‒ these include human rights, labour standards, environmental protection, and anti-corruption. When selecting government bonds, no issuers are considered that are classified as "not free" by Freedom House. The Sub-Fund is actively managed and not benchmarked against an index.
| WKN: | A2QFWX |
|---|---|
| ISIN: | LU2243568545 |
| 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: | 5 January 2021 |
| Financial year end: | 30 September |
| Income utilisation: | Distribution |
| Last distribution: | 1.30 EUR (as at 10 December 2021) |
| Management company: | Flossbach von Storch Invest S.A. |
| Custodian bank / Paying agent: | DZ PRIVATBANK S.A. |
| Manager: | Flossbach von Storch AG |
| Data from: | 21 January 2022 |
| Fund assets**: | 911.579.357,35 CHF |
| NIW: | 102.50 CHF |
| Redemption price: | 102.50 CHF |
| Issue price*: | 105.58 CHF |
| Ongoing charges: | 1.70% |
| which includes a management fee of: | 1.56% |
| 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
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
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
| YTD | -1.65% |
|---|---|
| 1 year | 3.50% |
| 1 year p.a. | 3.50% |
| since launch (05.01.2021) | 3.79% |
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
| 2022 | 2021 | |
|---|---|---|
| Jan | -1.56% | -0.10% |
| Feb | -2.30% | |
| Mar | 2.26% | |
| Apr | 0.92% | |
| May | 0.82% | |
| Jun | 1.18% | |
| Jul | 1.48% | |
| Aug | 0.65% | |
| Sep | -1.92% | |
| Oct | 1.30% | |
| Nov | 0.39% | |
| Dec | 0.79% | |
| YTD | -1.56% | 5.53% |
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
| As at | Share class currency | Issue price | Redemption price | NAV* |
|---|---|---|---|---|
| CHF | 105.00 | 100.00 | 100.00 | |
| CHF | 104.86 | 99.87 | 99.87 | |
| CHF | 104.73 | 99.74 | 99.74 | |
| CHF | 105.14 | 100.13 | 100.13 | |
| CHF | 104.80 | 99.81 | 99.81 | |
| CHF | 104.69 | 99.71 | 99.71 | |
| CHF | 104.42 | 99.45 | 99.45 | |
| CHF | 104.72 | 99.74 | 99.74 | |
| CHF | 104.73 | 99.75 | 99.75 | |
| CHF | 104.57 | 99.59 | 99.59 | |
| CHF | 104.62 | 99.64 | 99.64 | |
| CHF | 104.84 | 99.85 | 99.85 | |
| CHF | 105.29 | 100.28 | 100.28 | |
| CHF | 105.00 | 100.00 | 100.00 | |
| CHF | 104.83 | 99.84 | 99.84 | |
| CHF | 104.99 | 99.99 | 99.99 | |
| CHF | 105.19 | 100.18 | 100.18 | |
| CHF | 104.87 | 99.88 | 99.88 | |
| CHF | 104.90 | 99.90 | 99.90 | |
| CHF | 104.13 | 99.17 | 99.17 | |
| CHF | 104.90 | 99.90 | 99.90 | |
| CHF | 105.32 | 100.31 | 100.31 | |
| CHF | 105.26 | 100.25 | 100.25 | |
| CHF | 105.15 | 100.14 | 100.14 | |
| CHF | 104.97 | 99.97 | 99.97 | |
| CHF | 105.12 | 100.12 | 100.12 | |
| CHF | 103.09 | 100.09 | 100.09 | |
| CHF | 102.97 | 99.97 | 99.97 | |
| CHF | 103.02 | 100.02 | 100.02 | |
| CHF | 103.01 | 100.00 | 100.00 | |
| CHF | 102.95 | 99.95 | 99.95 | |
| CHF | 102.82 | 99.82 | 99.82 | |
| CHF | 102.74 | 99.74 | 99.74 | |
| CHF | 102.52 | 99.54 | 99.54 | |
| CHF | 102.11 | 99.14 | 99.14 | |
| CHF | 101.89 | 98.92 | 98.92 | |
| CHF | 101.60 | 98.65 | 98.65 | |
| CHF | 101.55 | 98.60 | 98.60 | |
| CHF | 100.53 | 97.60 | 97.60 | |
| CHF | 100.32 | 97.40 | 97.40 | |
| CHF | 101.28 | 98.33 | 98.33 | |
| CHF | 101.30 | 98.35 | 98.35 | |
| CHF | 100.80 | 97.86 | 97.86 | |
| CHF | 100.70 | 97.77 | 97.77 | |
| CHF | 101.04 | 98.10 | 98.10 | |
| CHF | 101.34 | 98.39 | 98.39 | |
| CHF | 101.86 | 98.90 | 98.90 | |
| CHF | 102.04 | 99.07 | 99.07 | |
| CHF | 101.99 | 99.03 | 99.03 | |
| CHF | 101.84 | 98.87 | 98.87 | |
| CHF | 102.17 | 99.20 | 99.20 | |
| CHF | 102.39 | 99.41 | 99.41 | |
| CHF | 102.21 | 99.23 | 99.23 | |
| CHF | 102.00 | 99.04 | 99.04 | |
| CHF | 101.96 | 98.99 | 98.99 | |
| CHF | 102.21 | 99.23 | 99.23 | |
| CHF | 102.48 | 99.49 | 99.49 | |
| CHF | 102.53 | 99.55 | 99.55 | |
| CHF | 102.62 | 99.63 | 99.63 | |
| CHF | 102.84 | 99.84 | 99.84 | |
| CHF | 102.95 | 99.94 | 99.94 | |
| CHF | 102.81 | 99.81 | 99.81 | |
| CHF | 102.87 | 99.87 | 99.87 | |
| CHF | 103.55 | 100.53 | 100.53 | |
| CHF | 103.66 | 100.64 | 100.64 | |
| CHF | 103.50 | 100.49 | 100.49 | |
| CHF | 103.89 | 100.86 | 100.86 | |
| CHF | 104.01 | 100.98 | 100.98 | |
| CHF | 103.91 | 100.88 | 100.88 | |
| CHF | 104.01 | 100.98 | 100.98 | |
| CHF | 103.75 | 100.72 | 100.72 | |
| CHF | 104.30 | 101.27 | 101.27 | |
| CHF | 104.46 | 101.42 | 101.42 | |
| CHF | 104.19 | 101.16 | 101.16 | |
| CHF | 104.04 | 101.01 | 101.01 | |
| CHF | 104.41 | 101.37 | 101.37 | |
| CHF | 104.40 | 101.36 | 101.36 | |
| CHF | 104.27 | 101.23 | 101.23 | |
| CHF | 104.08 | 101.05 | 101.05 | |
| CHF | 103.97 | 100.94 | 100.94 | |
| CHF | 103.78 | 100.76 | 100.76 | |
| CHF | 103.76 | 100.73 | 100.73 | |
| CHF | 103.79 | 100.77 | 100.77 | |
| CHF | 103.96 | 100.93 | 100.93 | |
| CHF | 103.84 | 100.81 | 100.81 | |
| CHF | 104.11 | 101.07 | 101.07 | |
| CHF | 104.31 | 101.28 | 101.28 | |
| CHF | 104.35 | 101.32 | 101.32 | |
| CHF | 104.17 | 101.14 | 101.14 | |
| CHF | 103.61 | 100.60 | 100.60 | |
| CHF | 103.62 | 100.60 | 100.60 | |
| CHF | 103.91 | 100.89 | 100.89 | |
| CHF | 104.00 | 100.97 | 100.97 | |
| CHF | 103.70 | 100.68 | 100.68 | |
| CHF | 103.51 | 100.50 | 100.50 | |
| CHF | 103.93 | 100.91 | 100.91 | |
| CHF | 104.18 | 101.15 | 101.15 | |
| CHF | 104.35 | 101.31 | 101.31 | |
| CHF | 104.54 | 101.50 | 101.50 | |
| CHF | 104.43 | 101.38 | 101.38 | |
| CHF | 104.61 | 101.56 | 101.56 | |
| CHF | 104.42 | 101.38 | 101.38 | |
| CHF | 104.39 | 101.36 | 101.36 | |
| CHF | 104.63 | 101.58 | 101.58 | |
| CHF | 104.58 | 101.53 | 101.53 | |
| CHF | 104.98 | 101.92 | 101.92 | |
| CHF | 104.87 | 101.82 | 101.82 | |
| CHF | 104.98 | 101.92 | 101.92 | |
| CHF | 105.08 | 102.03 | 102.03 | |
| CHF | 105.31 | 102.25 | 102.25 | |
| CHF | 105.51 | 102.44 | 102.44 | |
| CHF | 105.47 | 102.40 | 102.40 | |
| CHF | 105.50 | 102.43 | 102.43 | |
| CHF | 105.36 | 102.29 | 102.29 | |
| CHF | 105.63 | 102.55 | 102.55 | |
| CHF | 105.57 | 102.50 | 102.50 | |
| CHF | 105.65 | 102.58 | 102.58 | |
| CHF | 105.50 | 102.42 | 102.42 | |
| CHF | 105.71 | 102.63 | 102.63 | |
| CHF | 105.62 | 102.54 | 102.54 | |
| CHF | 105.83 | 102.75 | 102.75 | |
| CHF | 105.84 | 102.76 | 102.76 | |
| CHF | 105.94 | 102.85 | 102.85 | |
| CHF | 106.03 | 102.93 | 102.93 | |
| CHF | 106.49 | 103.38 | 103.38 | |
| CHF | 106.52 | 103.41 | 103.41 | |
| CHF | 106.81 | 103.70 | 103.70 | |
| CHF | 107.29 | 104.17 | 104.17 | |
| CHF | 106.78 | 103.68 | 103.68 | |
| CHF | 107.02 | 103.91 | 103.91 | |
| CHF | 107.16 | 104.04 | 104.04 | |
| CHF | 107.36 | 104.23 | 104.23 | |
| CHF | 107.50 | 104.38 | 104.38 | |
| CHF | 107.47 | 104.34 | 104.34 | |
| CHF | 107.41 | 104.29 | 104.29 | |
| CHF | 107.01 | 103.89 | 103.89 | |
| CHF | 107.39 | 104.27 | 104.27 | |
| CHF | 107.41 | 104.28 | 104.28 | |
| CHF | 107.44 | 104.31 | 104.31 | |
| CHF | 107.82 | 104.68 | 104.68 | |
| CHF | 107.47 | 104.34 | 104.34 | |
| CHF | 107.29 | 104.17 | 104.17 | |
| CHF | 107.45 | 104.33 | 104.33 | |
| CHF | 107.41 | 104.28 | 104.28 | |
| CHF | 107.47 | 104.35 | 104.35 | |
| CHF | 107.43 | 104.31 | 104.31 | |
| CHF | 107.63 | 104.50 | 104.50 | |
| CHF | 107.70 | 104.57 | 104.57 | |
| CHF | 107.83 | 104.68 | 104.68 | |
| CHF | 107.61 | 104.48 | 104.48 | |
| CHF | 107.54 | 104.41 | 104.41 | |
| CHF | 107.56 | 104.43 | 104.43 | |
| CHF | 107.74 | 104.60 | 104.60 | |
| CHF | 107.82 | 104.68 | 104.68 | |
| CHF | 107.90 | 104.76 | 104.76 | |
| CHF | 108.02 | 104.88 | 104.88 | |
| CHF | 108.14 | 104.99 | 104.99 | |
| CHF | 107.98 | 104.83 | 104.83 | |
| CHF | 108.01 | 104.87 | 104.87 | |
| CHF | 108.16 | 105.00 | 105.00 | |
| CHF | 108.27 | 105.12 | 105.12 | |
| CHF | 108.13 | 104.98 | 104.98 | |
| CHF | 107.85 | 104.71 | 104.71 | |
| CHF | 107.72 | 104.58 | 104.58 | |
| CHF | 107.94 | 104.80 | 104.80 | |
| CHF | 108.10 | 104.96 | 104.96 | |
| CHF | 107.91 | 104.76 | 104.76 | |
| CHF | 107.84 | 104.70 | 104.70 | |
| CHF | 107.74 | 104.61 | 104.61 | |
| CHF | 107.77 | 104.64 | 104.64 | |
| CHF | 107.81 | 104.67 | 104.67 | |
| CHF | 107.49 | 104.35 | 104.35 | |
| CHF | 107.43 | 104.30 | 104.30 | |
| CHF | 107.36 | 104.23 | 104.23 | |
| CHF | 107.07 | 103.95 | 103.95 | |
| CHF | 107.16 | 104.04 | 104.04 | |
| CHF | 107.21 | 104.10 | 104.10 | |
| CHF | 107.13 | 104.02 | 104.02 | |
| CHF | 107.08 | 103.96 | 103.96 | |
| CHF | 106.71 | 103.61 | 103.61 | |
| CHF | 106.47 | 103.37 | 103.37 | |
| CHF | 106.74 | 103.64 | 103.64 | |
| CHF | 106.89 | 103.77 | 103.77 | |
| CHF | 106.70 | 103.59 | 103.59 | |
| CHF | 106.62 | 103.51 | 103.51 | |
| CHF | 106.50 | 103.40 | 103.40 | |
| CHF | 105.79 | 102.71 | 102.71 | |
| CHF | 106.04 | 102.95 | 102.95 | |
| CHF | 106.06 | 102.97 | 102.97 | |
| CHF | 106.10 | 103.00 | 103.00 | |
| CHF | 105.74 | 102.66 | 102.66 | |
| CHF | 105.93 | 102.84 | 102.84 | |
| CHF | 106.08 | 102.99 | 102.99 | |
| CHF | 106.42 | 103.32 | 103.32 | |
| CHF | 106.30 | 103.20 | 103.20 | |
| CHF | 106.10 | 103.01 | 103.01 | |
| CHF | 106.09 | 103.00 | 103.00 | |
| CHF | 106.44 | 103.34 | 103.34 | |
| CHF | 106.97 | 103.85 | 103.85 | |
| CHF | 106.88 | 103.76 | 103.76 | |
| CHF | 106.86 | 103.75 | 103.75 | |
| CHF | 106.89 | 103.78 | 103.78 | |
| CHF | 106.95 | 103.83 | 103.83 | |
| CHF | 106.85 | 103.74 | 103.74 | |
| CHF | 107.03 | 103.92 | 103.92 | |
| CHF | 107.18 | 104.06 | 104.06 | |
| CHF | 107.34 | 104.22 | 104.22 | |
| CHF | 107.33 | 104.20 | 104.20 | |
| CHF | 107.42 | 104.29 | 104.29 | |
| CHF | 107.49 | 104.36 | 104.36 | |
| CHF | 107.74 | 104.61 | 104.61 | |
| CHF | 107.75 | 104.62 | 104.62 | |
| CHF | 108.31 | 105.16 | 105.16 | |
| CHF | 108.40 | 105.25 | 105.25 | |
| CHF | 108.24 | 105.09 | 105.09 | |
| CHF | 108.43 | 105.26 | 105.26 | |
| CHF | 108.59 | 105.43 | 105.43 | |
| CHF | 108.62 | 105.46 | 105.46 | |
| CHF | 108.98 | 105.81 | 105.81 | |
| CHF | 109.01 | 105.83 | 105.83 | |
| CHF | 109.31 | 106.13 | 106.13 | |
| CHF | 109.36 | 106.17 | 106.17 | |
| CHF | 109.07 | 105.90 | 105.90 | |
| CHF | 109.22 | 106.05 | 106.05 | |
| CHF | 108.74 | 105.58 | 105.58 | |
| CHF | 108.18 | 105.03 | 105.03 | |
| CHF | 108.57 | 105.41 | 105.41 | |
| CHF | 108.48 | 105.32 | 105.32 | |
| CHF | 107.58 | 104.45 | 104.45 | |
| CHF | 107.84 | 104.70 | 104.70 | |
| CHF | 107.22 | 104.10 | 104.10 | |
| CHF | 107.11 | 103.99 | 103.99 | |
| CHF | 107.07 | 103.95 | 103.95 | |
| CHF | 107.27 | 104.14 | 104.14 | |
| CHF | 107.74 | 104.60 | 104.60 | |
| CHF | 108.34 | 105.18 | 105.18 | |
| CHF | 107.97 | 104.82 | 104.82 | |
| CHF | 106.71 | 103.60 | 103.60 | |
| CHF | 106.84 | 103.72 | 103.72 | |
| CHF | 106.99 | 103.88 | 103.88 | |
| CHF | 106.62 | 103.52 | 103.52 | |
| CHF | 106.92 | 103.80 | 103.80 | |
| CHF | 107.15 | 104.03 | 104.03 | |
| CHF | 107.09 | 103.97 | 103.97 | |
| CHF | 106.49 | 103.39 | 103.39 | |
| CHF | 106.84 | 103.72 | 103.72 | |
| CHF | 106.95 | 103.83 | 103.83 | |
| CHF | 107.11 | 103.99 | 103.99 | |
| CHF | 107.38 | 104.26 | 104.26 | |
| CHF | 107.56 | 104.43 | 104.43 | |
| CHF | 107.35 | 104.22 | 104.22 | |
| CHF | 107.37 | 104.24 | 104.24 | |
| CHF | 107.42 | 104.29 | 104.29 | |
| CHF | 107.40 | 104.27 | 104.27 | |
| CHF | 106.95 | 103.83 | 103.83 | |
| CHF | 106.64 | 103.54 | 103.54 | |
| CHF | 106.29 | 103.19 | 103.19 | |
| CHF | 106.14 | 103.05 | 103.05 | |
| CHF | 106.39 | 103.30 | 103.30 | |
| CHF | 106.36 | 103.27 | 103.27 | |
| CHF | 105.95 | 102.86 | 102.86 | |
| CHF | 105.76 | 102.68 | 102.68 | |
| CHF | 105.78 | 102.70 | 102.70 | |
| CHF | 105.42 | 102.35 | 102.35 | |
| CHF | 105.67 | 102.59 | 102.59 |
