Bond Funds

Interest rates are at rock bottom and we expect them to stay low for a long time yet. It will be difficult to preserve the real value of assets in interest rate accounts alone or with safe bond coupons. We are breaking new ground with our bond funds. We are specifically looking for opportunities and take advantage of all earnings opportunities offered by the bond market. When assessing the risks, we do not trust the big rating companies, only the expertise of our in-house analysts.

In addition to our global pure bond funds, we also offer a global strategy for convertible bonds. The Flossbach von Storch - Global Convertible Bond is a defensive alternative to pure equity investments.

Name	ISIN	WKN	Share class currency	Income utilisation
Flossbach von Storch - Bond Opportunities R²	LU0399027613	A0RCKL	EUR	Distribution
Flossbach von Storch - Bond Opportunities RT²	LU1481583711	A2AQKG	EUR	Accumulating
Flossbach von Storch - Bond Opportunities H²	LU1748855753	A2JA9E	EUR	Distribution
Flossbach von Storch - Bond Opportunities HT²	LU1748855837	A2JA9F	EUR	Accumulating
Flossbach von Storch - Currency Diversification Bond R	LU0526000731	A1C10W	EUR	Distribution
Flossbach von Storch - Global Convertible Bond R²	LU0366179009	A0Q2PU	EUR	Distribution
Flossbach von Storch - Global Convertible Bond RT²	LU1481584107	A2AQM8	EUR	Accumulating

² Currency hedging in another share class of the same sub-fund took place, which could have an influence on the share classes shown here.
* incl. max. issue surcharge

Name	* Issue price	NIW	Data from
Flossbach von Storch - Bond Opportunities R	139.12 EUR	135.07	23.01.2020
Flossbach von Storch - Bond Opportunities RT	116.42 EUR	113.03	23.01.2020
Flossbach von Storch - Bond Opportunities H	108.48 EUR	108.48	23.01.2020
Flossbach von Storch - Bond Opportunities HT	110.17 EUR	110.17	23.01.2020
Flossbach von Storch - Currency Diversification Bond R	102.52 EUR	99.53	23.01.2020
Flossbach von Storch - Global Convertible Bond R	155.20 EUR	147.81	23.01.2020
Flossbach von Storch - Global Convertible Bond RT	112.65 EUR	107.29	23.01.2020

* incl. max. issue surcharge

Name	KIID	Prospectus	Annual report	Semi- annual report
Flossbach von Storch - Bond Opportunities R²	KIID (as at 25.10.2019)	Prospectus (as at 01.01.2020)	Annual report (as at 30.09.2018)	Semi-annual report (as at 31.03.2019)
Flossbach von Storch - Bond Opportunities RT²	KIID (as at 25.10.2019)	Prospectus (as at 01.01.2020)	Annual report (as at 30.09.2018)	Semi-annual report (as at 31.03.2019)
Flossbach von Storch - Bond Opportunities H²	KIID (as at 25.10.2019)	Prospectus (as at 01.01.2020)	Annual report (as at 30.09.2018)	Semi-annual report (as at 31.03.2019)
Flossbach von Storch - Bond Opportunities HT²	KIID (as at 25.10.2019)	Prospectus (as at 16.08.2019)	Annual report (as at 30.09.2018)	Semi-annual report (as at 31.03.2019)
Flossbach von Storch - Currency Diversification Bond R	KIID (as at 15.11.2019)	Prospectus (as at 01.01.2020)	Annual report (as at 30.09.2018)	Semi-annual report (as at 31.03.2019)
Flossbach von Storch - Global Convertible Bond R²	KIID (as at 15.11.2019)	Prospectus (as at 01.01.2020)	Annual report (as at 30.09.2018)	Semi-annual report (as at 31.03.2019)
Flossbach von Storch - Global Convertible Bond RT²	KIID (as at 15.11.2019)	Prospectus (as at 01.01.2020)	Annual report (as at 30.09.2018)	Semi-annual report (as at 31.03.2019)

² Currency hedging in another share class of the same sub-fund took place, which could have an influence on the share classes shown here.
* incl. max. issue surcharge