Flossbach von Storch - Fundament IT

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.

*The I class of shares presented here was launched on 10.11.2011 and has a different fee structure to the other share classes of the fund. Performance for the period to 09.11.2011 was calculated using the fee structure of the I class of shares.

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.

*The I class of shares presented here was launched on 10.11.2011 and has a different fee structure to the other share classes of the fund. Performance for the period to 09.11.2011 was calculated using the fee structure of the I class of shares.

Source: Custodian bank and SIX Financial Information

YTD	8.00%
1 year	10.02%
3 years	30.49%
5 years	36.76%
10 years	153.68%
1 year p.a.	15.53%
3 years p.a.	9.27%
5 years p.a.	6.45%
10 years p.a.	9.75%
since 27.12.2005	212.25%

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.

*The I class of shares presented here was launched on 10.11.2011 and has a different fee structure to the other share classes of the fund. Performance for the period to 09.11.2011 was calculated using the fee structure of the I class of shares.

Source: Custodian bank and SIX Financial Information

	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Jan	2.17%	7.14%	1.64%	0.52%	-4.51%	4.47%	-1.76%	3.39%	1.76%	-0.70%	0.26%
Feb	-6.02%	5.89%	-4.12%	5.29%	-0.18%	6.60%	2.88%	3.09%	1.79%	0.60%	1.49%
Mar	-9.48%	4.18%	-3.47%	-0.28%	1.35%	1.05%	1.20%	4.11%	1.86%	-2.54%	5.49%
Apr	12.04%	4.08%	3.09%	0.98%	-0.45%	-0.49%	0.23%	-0.76%	-0.62%	0.83%	-0.60%
May	0.69%	-4.10%	3.17%	0.73%	2.87%	1.12%	2.79%	1.91%	-1.46%	2.19%	-3.32%
Jun	1.47%	3.01%	0.67%	-1.67%	-0.84%	-4.43%	1.30%	-2.79%	1.71%	-1.90%	-2.88%
Jul	2.53%	2.90%	0.88%	-3.38%	4.26%	5.81%	0.86%	2.30%	4.28%	-0.98%	-1.15%
Aug	4.51%	-1.92%	-0.95%	-0.16%	-0.70%	-7.34%	3.61%	-0.69%	1.10%	-3.74%	0.13%
Sep	-2.02%	1.63%	0.47%	1.64%	-0.26%	-1.53%	1.20%	1.28%	0.09%	-0.02%	0.88%
Oct	-1.23%	1.32%	-6.12%	2.27%	-1.21%	10.15%	0.31%	2.40%	-1.84%	3.94%	2.13%
Nov	5.02%	3.99%	1.56%	-0.24%	-0.28%	2.84%	2.41%	1.32%	1.53%	2.84%	1.23%
Dec	-0.33%	1.44%	-7.19%	1.56%	2.14%	-2.32%	0.52%	-0.05%	-1.18%	3.97%	2.79%
YTD	8.00%	33.22%	-10.52%	7.24%	1.92%	15.61%	16.58%	16.40%	9.22%	4.21%	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.

*The I class of shares presented here was launched on 10.11.2011 and has a different fee structure to the other share classes of the fund. Performance for the period to 09.11.2011 was calculated using the fee structure of the I class of shares.

Source: Custodian bank and SIX Financial Information