Flossbach von Storch - Dividend R

Flossbach von Storch - Dividend is a globally diversified equity fund with an active investment approach. It focuses on top-quality companies with an attractive dividend profile. Not only the dividend yield, but also the reliability of dividend and dividend upside potential are important. When selecting individual stocks, the fund management employs the CaRat (cash-flow rating) valuation model, a rating system developed in-house. The cash flows that the company is expected to generate on a sustainable basis are considered in relation to the total value of the company. This provides an indication of whether or not a company has an attractive stock market valuation. At least 75% of the fund’s assets are invested directly in equities. In addition, the fund may also invest in share certificates, equity index certificates, as well as bonds, fixed-term deposits and target funds. 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:A1J4RH
ISIN:LU0831568729
Authorised for distribution:AT, CH, DE, LI, LU
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Launch date:2 October 2012
Financial year end:30 September
Income utilisation:Distribution
Last distribution:3.60 EUR (as at 13 December 2019)
Management company:Flossbach von Storch Invest S.A.
Custodian bank / Paying agent:DZ PRIVATBANK S.A.
Manager:Flossbach von Storch AG
Data from:12 August 2020
Fund assets:259,701,386.57 EUR
NIW:161.56 EUR
Redemption price:161.56 EUR
Issue price*:169.64 EUR
Ongoing charges:1.67%
which includes a management fee of:1.53%
Issue surcharge:up to 5.00%

* incl. max. issue surcharge 5.00%

Source: Custodian bank / Paying agent

Annual performance (As at: 12.08.2020)

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: 12.08.2020)

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: 12.08.2020)

YTD0.06%
1 year10.23%
3 years22.66%
5 years30.39%
1 year p.a.5.56%
3 years p.a.7.04%
5 years p.a.5.44%
since launch (02.10.2012)93.98%

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: 12.08.2020)

 202020192018201720162015201420132012
Jan1.64%7.07%1.77%0.01%-9.54%5.16%-2.67%2.79%
Feb-6.57%4.34%-3.61%3.86%3.33%5.46%3.15%1.88%
Mar-9.56%4.31%-2.97%-0.54%3.55%1.02%1.18%3.77%
Apr12.10%3.55%3.03%0.33%1.20%0.36%1.64%0.91%
May1.37%-5.09%3.40%-0.46%0.51%1.51%3.06%2.73%
Jun-0.06%2.01%-0.17%-1.24%-0.66%-6.51%1.80%-3.18%
Jul2.08%3.29%1.18%-1.36%4.77%3.30%1.63%1.46%
Aug0.50%-1.45%-0.31%-2.61%0.56%-7.16%1.95%-0.91%
Sep1.12%0.45%2.15%-1.20%-4.07%0.83%1.61%
Oct0.76%-5.25%1.68%-0.29%12.75%-0.36%0.86%-1.69%
Nov4.63%-0.11%1.99%1.57%1.57%4.95%2.36%2.00%
Dec2.27%-8.25%1.71%3.28%-3.46%1.32%0.18%-0.63%
YTD0.06%29.66%-10.91%5.47%6.49%8.53%19.89%15.24%-0.35%

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

Market capitalisation (As at: 31.07.2020)

Mega Cap (>50 Mrd€)71.28 %
Large Cap (10-50 Mrd€)20.88 %
Mid Cap (2-10 Mrd€)5.04 %
Cash2.63 %
Other (incl. derivatives)0.17 %

Source: Depositary and Flossbach von Storch

Top 10 positions (As at: 31.07.2020)

RECKITT BENCKISER GROUP4.18 %
ROPER TECHNOLOGIES4.15 %
S&P GLOBAL4.03 %
MASTERCARD3.95 %
TENCENT HOLDINGS3.94 %
IMPERIAL BRANDS3.82 %
VISA - CLASS A3.78 %
PHILIP MORRIS INTERNAT.3.07 %
UNILEVER3.06 %
BECTON DICKINSON2.93 %

 Source: Depositary and Flossbach von Storch

Top 5 sectors (As at: 31.07.2020)

Consumer Staples28.52 %
Information Technology25.63 %
Health Care11.17 %
Communication Services9.52 %
Industrials9.33 %

 Source: Depositary and Flossbach von Storch

Currency after hedging (As at: 31.07.2020)

USD63.72 %
EUR15.38 %
GBP12.95 %
HKD3.94 %
CAD2.03 %
DKK1.98 %
JPY0.00 %
CHF0.00 %
NOK0.00 %
SEK0.00 %

Source: Depositary and Flossbach von Storch

Other key figures (As at: 31.07.2020)

Sharpe Ratio a0,71
Value at Risk (VaR) b-14,58%
Volatility c22,86%
Maximum drawdown d-27,24%

a The Sharpe ratio is a measurement for the risk/return profile of an investment. In terms of sub-funds, it determines how much outperformance (that is return on the fund’s assets minus the return of a risk-free asset) the sub-fund achieved per unit of risk.

b The value at risk (VaR) is a means to measure risk and describes the loss that, with a pre-defined probability (in this case 99 per cent) and in a predetermined holding period (in this case 20 days), will not be exceeded. Here we are dealing with an ex post VaR which has been calculated according to sub-fund prices for a given time series.

c Volatility is measured through standard deviation and is used to determine the degree of fluctuation of sub-fund prices over a given time frame.

d The “maximum drawdown” shows the maximum loss an investor can suffer through an unfortunate choice of timing for buying or selling securities in a given time period (260 days).

Historic Prices

As atShare class currencyIssue priceRedemption priceNAV
EUR105.00100.00100.00
EUR104.8699.8799.87
EUR104.8099.8199.81
EUR104.5699.5899.58
EUR104.9499.9499.94
EUR104.8399.8499.84
EUR104.4599.4899.48
EUR103.8698.9198.91
EUR104.2299.2699.26
EUR103.9899.0399.03
EUR104.4999.5199.51
EUR105.01100.01100.01
EUR104.8699.8799.87
EUR104.9999.9999.99
EUR104.2799.3099.30
EUR103.8998.9498.94
EUR102.8397.9397.93
EUR103.0298.1198.11
EUR103.2898.3698.36
EUR103.4398.5098.50
EUR103.2298.3098.30
EUR103.2398.3198.31
EUR104.1499.1899.18
EUR104.2799.3099.30
EUR104.3899.4199.41
EUR104.8799.8899.88
EUR104.2899.3199.31
EUR103.8898.9398.93
EUR104.1399.1799.17
EUR104.1299.1699.16
EUR103.9599.0099.00
EUR103.0998.1898.18
EUR102.2397.3697.36
EUR102.4997.6197.61
EUR103.5798.6498.64
EUR103.7898.8498.84
EUR104.0299.0799.07
EUR104.0899.1299.12
EUR104.7599.7699.76
EUR104.3899.4199.41
EUR104.5199.5399.53
EUR105.12100.11100.11
EUR105.29100.28100.28
EUR105.13100.12100.12
EUR104.6799.6999.69
EUR104.5399.5599.55
EUR104.8599.8699.86
EUR105.68100.65100.65
EUR106.20101.14101.14
EUR106.59101.51101.51
EUR106.53101.46101.46
EUR106.30101.24101.24
EUR105.81100.77100.77
EUR105.46100.44100.44
EUR105.45100.43100.43
EUR105.80100.76100.76
EUR105.43100.41100.41
EUR105.70100.67100.67
EUR104.7799.7899.78
EUR104.6399.6599.65
EUR104.6499.6699.66
EUR106.07101.02101.02
EUR106.70101.62101.62
EUR107.35102.24102.24
EUR106.73101.65101.65
EUR106.91101.82101.82
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EUR106.81101.72101.72
EUR106.34101.28101.28
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EUR106.48101.41101.41
EUR106.64101.56101.56
EUR107.05101.95101.95
EUR107.48102.36102.36
EUR107.50102.38102.38
EUR107.43102.31102.31
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EUR107.46102.34102.34
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EUR108.16103.01103.01
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EUR106.72101.64101.64
EUR107.33102.22102.22
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EUR107.53102.41102.41
EUR108.05102.90102.90
EUR107.84102.70102.70
EUR107.70102.57102.57
EUR107.89102.75102.75
EUR108.09102.94102.94
EUR108.12102.97102.97
EUR108.21103.06103.06
EUR109.15103.95103.95
EUR108.75103.57103.57
EUR108.36103.20103.20
EUR109.37104.16104.16
EUR108.79103.61103.61
EUR109.05103.86103.86
EUR109.58104.36104.36
EUR110.25105.00105.00
EUR110.78105.50105.50
EUR110.70105.43105.43
EUR111.59106.28106.28
EUR112.04106.70106.70
EUR111.78106.46106.46
EUR112.62107.26107.26
EUR112.90107.52107.52
EUR112.78107.41107.41
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EUR113.33107.93107.93
EUR113.10107.71107.71
EUR113.02107.64107.64
EUR113.17107.78107.78
EUR113.32107.92107.92
EUR113.01107.63107.63
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EUR113.17107.78107.78
EUR113.61108.20108.20
EUR113.70108.29108.29
EUR113.55108.14108.14
EUR114.12108.69108.69
EUR113.54108.13108.13
EUR113.18107.79107.79
EUR111.54106.23106.23
EUR112.12106.78106.78
EUR112.38107.03107.03
EUR113.89108.47108.47
EUR114.20108.76108.76
EUR113.72108.30108.30
EUR112.57107.21107.21
EUR112.61107.25107.25
EUR111.63106.31106.31
EUR111.29105.99105.99
EUR111.90106.57106.57
EUR112.26106.91106.91
EUR113.64108.23108.23
EUR114.40108.95108.95
EUR114.53109.08109.08
EUR114.06108.63108.63
EUR114.74109.28109.28
EUR114.25108.81108.81
EUR115.28109.79109.79
EUR115.78110.27110.27
EUR116.09110.56110.56
EUR116.16110.63110.63
EUR116.62111.07111.07
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EUR117.78112.17112.17
EUR118.45112.81112.81
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EUR119.30113.62113.62
EUR120.42114.69114.69
EUR121.00115.24115.24
EUR120.70114.95114.95
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EUR116.46110.91110.91
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EUR111.83106.50106.50
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EUR114.70109.24109.24
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EUR116.51110.96110.96
EUR117.77112.16112.16
EUR117.48111.89111.89
EUR117.82112.21112.21
EUR117.53111.93111.93
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EUR116.98111.41111.41
EUR117.22111.64111.64
EUR117.50111.90111.90
EUR117.29111.70111.70
EUR117.22111.64111.64
EUR116.82111.26111.26
EUR116.77111.21111.21
EUR116.43110.89110.89
EUR116.15110.62110.62
EUR116.12110.59110.59
EUR115.79110.28110.28
EUR115.98110.46110.46
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EUR116.88111.31111.31
EUR116.24110.70110.70
EUR115.92110.40110.40
EUR116.04110.51110.51
EUR116.14110.61110.61
EUR116.45110.90110.90
EUR117.12111.54111.54
EUR115.98110.46110.46
EUR115.40109.90109.90
EUR115.05109.57109.57
EUR114.61109.15109.15
EUR114.14108.70108.70
EUR114.86109.39109.39
EUR115.12109.64109.64
EUR115.32109.83109.83
EUR113.89108.47108.47
EUR113.83108.41108.41
EUR114.74109.28109.28
EUR114.43108.98108.98
EUR115.26109.77109.77
EUR115.15109.67109.67
EUR115.44109.94109.94
EUR116.04110.51110.51
EUR116.21110.68110.68
EUR116.18110.65110.65
EUR117.13111.55111.55
EUR117.02111.45111.45
EUR116.61111.06111.06
EUR117.36111.77111.77
EUR117.39111.80111.80
EUR117.26111.68111.68
EUR118.04112.42112.42
EUR117.74112.13112.13
EUR117.32111.73111.73
EUR117.04111.47111.47
EUR116.89111.32111.32
EUR116.85111.29111.29
EUR117.22111.64111.64
EUR116.59111.04111.04
EUR116.31110.77110.77
EUR116.17110.64110.64
EUR115.29109.80109.80
EUR114.91109.44109.44
EUR115.12109.64109.64
EUR114.49109.04109.04
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EUR113.25107.86107.86
EUR114.62109.16109.16
EUR115.04109.56109.56
EUR115.16109.68109.68
EUR115.33109.84109.84
EUR115.63110.12110.12
EUR115.74110.23110.23
EUR116.46110.91110.91
EUR116.71111.15111.15
EUR116.92111.35111.35
EUR116.34110.80110.80
EUR116.43110.89110.89
EUR116.76111.20111.20
EUR117.32111.73111.73
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EUR117.59111.99111.99
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EUR119.16113.49113.49
EUR119.42113.73113.73
EUR120.05114.33114.33
EUR119.91114.20114.20
EUR120.24114.51114.51
EUR120.41114.68114.68
EUR120.41114.68114.68
EUR120.66114.91114.91
EUR121.04115.28115.28
EUR121.47115.69115.69
EUR121.56115.77115.77
EUR121.34115.56115.56
EUR121.24115.47115.47
EUR121.20115.43115.43
EUR120.92115.16115.16
EUR121.15115.38115.38
EUR120.30114.57114.57
EUR120.41114.68114.68
EUR120.36114.63114.63
EUR120.38114.65114.65
EUR120.34114.61114.61
EUR119.26113.58113.58
EUR119.10113.43113.43
EUR118.01112.39112.39
EUR118.80113.14113.14
EUR118.97113.30113.30
EUR118.17112.54112.54
EUR113.66108.25108.25
EUR112.65107.29107.29
EUR112.39107.04107.04
EUR113.25107.86107.86
EUR112.98107.60107.60
EUR113.95108.52108.52
EUR114.95109.48109.48
EUR115.43109.93109.93
EUR116.33110.79110.79
EUR116.82111.26111.26
EUR117.02111.45111.45
EUR116.43110.89110.89
EUR117.04111.47111.47
EUR116.59111.04111.04
EUR117.20111.62111.62
EUR116.89111.32111.32
EUR116.18110.65110.65
EUR116.21110.68110.68
EUR115.88110.36110.36
EUR116.01110.49110.49
EUR116.95111.38111.38
EUR117.17111.59111.59
EUR117.35111.76111.76
EUR117.51111.91111.91
EUR117.92112.30112.30
EUR117.73112.12112.12
EUR116.66111.10111.10
EUR114.61109.15109.15
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EUR113.60108.19108.19
EUR113.09107.70107.70
EUR113.70108.29108.29
EUR113.87108.45108.45
EUR112.22106.88106.88
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EUR111.69106.37106.37
EUR112.61107.25107.25
EUR113.66108.25108.25
EUR114.14108.70108.70
EUR115.06109.58109.58
EUR115.63110.12110.12
EUR115.11109.63109.63
EUR115.50110.00110.00
EUR115.66110.15110.15
EUR115.57110.07110.07
EUR115.46109.96109.96
EUR115.77110.26110.26
EUR116.09110.56110.56
EUR116.64111.09111.09
EUR116.52110.97110.97
EUR117.17111.59111.59
EUR117.29111.70111.70
EUR116.94111.37111.37
EUR115.78110.27110.27
EUR117.54111.94111.94
EUR117.46111.87111.87
EUR117.17111.59111.59
EUR116.31110.77110.77
EUR116.21110.68110.68
EUR116.57111.02111.02
EUR115.61110.10110.10
EUR114.36108.91108.91
EUR113.81108.39108.39
EUR114.40108.95108.95
EUR115.11109.63109.63
EUR114.70109.24109.24
EUR115.55110.05110.05
EUR115.95110.43110.43
EUR115.47109.97109.97
EUR116.88111.31111.31
EUR117.05111.48111.48
EUR117.64112.04112.04
EUR118.67113.02113.02
EUR119.15113.48113.48
EUR119.34113.66113.66
EUR119.72114.02114.02
EUR120.09114.37114.37
EUR119.85114.14114.14
EUR118.78113.12113.12
EUR119.12113.45113.45
EUR119.70114.00114.00
EUR118.70113.05113.05
EUR117.40111.81111.81
EUR118.64112.99112.99
EUR118.47112.83112.83
EUR119.41113.72113.72
EUR119.54113.85113.85
EUR120.27114.54114.54
EUR119.98114.27114.27
EUR119.92114.21114.21
EUR119.55113.86113.86
EUR120.07114.35114.35
EUR120.61114.87114.87
EUR120.12114.40114.40
EUR119.92114.21114.21
EUR119.64113.94113.94
EUR118.91113.25113.25
EUR119.28113.60113.60
EUR120.45114.71114.71
EUR121.17115.40115.40
EUR122.16116.34116.34
EUR122.85117.00117.00
EUR122.81116.96116.96
EUR122.38116.55116.55
EUR123.27117.40117.40
EUR123.33117.46117.46
EUR122.57116.73116.73
EUR122.97117.11117.11
EUR123.39117.51117.51
EUR123.56117.68117.68
EUR123.56117.68117.68
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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.
  • Potential to achieve above-average dividend income.

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).
  • If dividends are reduced or not paid out at all, this can have a negative impact on investment returns.
  • By hedging currency risks, the fund share value may be adversely affected.

Information regarding limited distribution


The English translation is only for the purpose of convenience.

The use of the institutional investors page of Flossbach by Storch is only permitted for institutional investors. The information provided in this area will be treated confidentially and is only intended for authorised third parties. The obligation to maintain confidentiality does not apply to information that is generally accessible.

The information contained in the website from Flossbach von Storch AG is intended solely for German investors whose residence, registered office or centre of administration is in Germany. The information contained herein is not intended for publication, use or distribution by any person in a country in which a fund is not authorised for distribution. In particular, the shares of this fund may therefore not be offered for sale or sold within the United States of America (USA), to or on behalf of US citizens, or to or on behalf of US persons residing in the USA. The content shown is for informational purposes only. In particular, it does not constitute an offer to sell, purchase or subscribe to other assets. In the event that a person, whose residence or office is located abroad, is able to access the website of Flossbach von Storch AG and the information contained within, Flossbach von Storch AG does not accept any guarantee or liability that the information contained complies with the relevant applicable legal provisions of the respective country.