Flossbach von Storch - Global Quality - ET

Flossbach von Storch - Global Quality is a globally diversified equity fund with an active and focused investment approach. At least 51 per cent of the Fund's assets are invested directly in equities and equity funds. The investment focus is on first-class, highly capitalised business models that are growing at an above-average rate and reliably, are highly profitable and stable, and are led by entrepreneurial management teams. The quality assessment of the business models and the weighing of the risk-reward ratio within the framework of the company valuation are decisive for every investment decision. The fund management pursues a long-term investment horizon and understands risk as an economic dimension. As a rule, investments are made in a maximum of 50 companies. Other in-house valuation models include ESG issues, engagement, and voting. In addition, exclusion criteria defined within the framework of the Sub-Fund's investment policy are taken into account. The Sub-Fund is actively managed. The portfolio is composed by the fund manager exclusively in accordance with the criteria defined in the investment policy, reviewed regularly and adjusted if necessary. The performance of the Sub-Fund is compared using the MSCI World Net Total Return Index as a benchmark. The fund manager is not linked to the index at any time when making investment decisions and the portfolio composition. Therefore, the performance of the Sub-Fund may differ significantly from the benchmark shown. The Sub-Fund is classified as an Article 8 product under the Disclosure Regulation (EU) 2019/2088 (SFDR).


WKN:A3C9HB
ISIN:LU2423020879
Authorised for distribution:AT, CH, DE, ES, IT, LI, LU
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
SFDR Classification:Article 8
Fund currency:EUR
Launch date:18 January 2022
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:20 May 2022
Fund assets:570.034.342,20 EUR
NIW:90.06 EUR
Redemption price:90.06 EUR
Issue price*:90.96 EUR
Ongoing charges:0.78%
which includes a management fee of:1.93%
Performance fee:
Issue surcharge:up to 1.00%

* incl. max. issue surcharge 1.00%

Source: Custodian bank / Paying agent

Annual performance (As at: 20.05.2022)

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: 20.05.2022)

Reference index: MSCI World Net Total Return EUR Index

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: 20.05.2022)

YTD-13.39%
1 year0.98%
3 years30.27%
5 years37.80%
10 years139.31%
1 year p.a.0.98%
3 years p.a.9.21%
5 years p.a.6.62%
10 years p.a.9.11%
since 19.05.1999205.61%

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: 20.05.2022)

 20222021202020192018201720162015201420132012
Jan-5.57%1.99%2.08%7.11%1.55%0.45%-6.11%6.94%-0.45%2.64%1.33%
Feb-3.33%-0.57%-6.13%5.85%-4.06%4.57%4.37%4.77%3.33%2.87%0.93%
Mar4.01%6.04%-9.59%4.10%-3.48%-0.54%1.79%0.65%0.21%3.79%1.56%
Apr-0.20%3.48%11.97%4.01%2.91%0.91%2.05%-0.66%0.56%-1.16%-0.92%
May-8.60%-0.25%0.59%-4.19%3.61%0.68%1.72%0.94%2.34%3.05%-1.70%
Jun4.41%1.38%2.95%-0.19%-2.36%-1.44%-5.58%1.56%-3.45%-0.10%
Jul1.67%2.44%2.78%0.84%-2.69%4.78%3.52%1.97%1.55%5.40%
Aug3.40%4.42%-2.01%-1.08%-1.44%-0.47%-7.39%2.09%0.84%0.72%
Sep-3.34%-2.13%1.56%0.29%2.44%-1.03%-6.12%1.58%1.00%1.08%
Oct3.41%-1.32%1.26%-6.26%1.52%-0.58%9.76%0.00%1.42%-2.70%
Nov2.09%4.94%3.92%1.45%0.39%-0.32%1.57%3.99%2.75%0.57%
Dec1.90%0.10%1.37%-7.35%1.32%2.33%-1.58%0.49%0.33%0.17%
YTD-13.39%26.68%7.36%32.12%-11.79%5.14%6.81%5.43%19.06%16.54%6.30%

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*
EUR100.00
EUR100.3999.4099.40
EUR100.6399.6399.63
EUR99.9198.9298.92
EUR98.6097.6297.62
EUR98.3797.4097.40
EUR97.5496.5796.57
EUR96.9896.0296.02
EUR97.7496.7796.77
EUR99.1798.1998.19
EUR100.4099.4199.41
EUR100.6599.6599.65
EUR101.05100.05100.05
EUR98.0497.0797.07
EUR97.6396.6696.66
EUR97.1296.1696.16
EUR97.8996.9296.92
EUR99.0998.1198.11
EUR97.2696.3096.30
EUR96.1095.1595.15
EUR96.2295.2795.27
EUR96.8495.8895.88
EUR96.6595.6995.69
EUR95.1394.1994.19
EUR94.7993.8593.85
EUR94.5293.5893.58
EUR94.1193.1893.18
EUR92.6491.7291.72
EUR94.9193.9793.97
EUR95.8794.9294.92
EUR95.7794.8294.82
EUR95.2294.2894.28
EUR96.7095.7495.74
EUR96.1195.1695.16
EUR95.6594.7094.70
EUR93.5092.5792.57
EUR92.5291.6091.60
EUR94.1193.1893.18
EUR93.3192.3992.39
EUR92.6391.7191.71
EUR92.3591.4491.44
EUR94.5093.5693.56
EUR96.8495.8895.88
EUR97.3096.3496.34
EUR99.0098.0298.02
EUR98.8397.8597.85
EUR99.9298.9398.93
EUR98.2897.3197.31
EUR98.5297.5497.54
EUR98.8997.9197.91
EUR100.1199.1299.12
EUR100.6199.6199.61
EUR99.7298.7398.73
EUR98.9697.9897.98
EUR100.6399.6399.63
EUR101.64100.63100.63
EUR101.39100.39100.39
EUR100.5399.5399.53
EUR101.02100.02100.02
EUR100.9199.9199.91
EUR99.4798.4998.49
EUR98.9097.9297.92
EUR99.6898.6998.69
EUR98.7197.7397.73
EUR99.7498.7598.75
EUR99.2098.2298.22
EUR98.0997.1297.12
EUR95.9595.0095.00
EUR97.4196.4596.45
EUR95.8294.8794.87
EUR97.0796.1196.11
EUR99.5298.5398.53
EUR97.0196.0596.05
EUR97.0596.0996.09
EUR96.9796.0196.01
EUR98.4197.4497.44
EUR95.7294.7794.77
EUR92.2191.3091.30
EUR92.2891.3791.37
EUR91.6490.7390.73
EUR92.7091.7891.78
EUR94.5393.5993.59
EUR94.1993.2693.26
EUR94.3693.4393.43
EUR91.5490.6390.63
EUR90.9690.0690.06

Opportunities

  • These funds aim to exploit growth opportunities on global equity markets.
  • 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.

Risks

  • Equity markets and thus also unit values can experience severe fluctuations in response to market developments. The result can be a fall in the trading price.
  • Investing in assets denominated in a foreign currency can have a negative impact on unit values as a result of exchange rate movements.
  • 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).

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