Flossbach von Storch - Bond Opportunities USD-RT

Flossbach von Storch - Bond Opportunities is a globally diversified bond fund with an active investment approach that focuses on corporate bonds, government bonds and covered bonds. The Fund flexibly exploits the opportunities of the entire bond market. In addition to bonds with an investment-grade quality, the fund management can also invest in bonds without a rating or in those that do not have investment-grade quality. Foreign currency risks are currently only entered into to a manageable extent. Securities selection is based on a fundamental research and analysis process. The fund manager relies on research tools developed in-house. The investment strategy includes in-house valuation models, ESG integration, engagement and voting. In addition, exclusion criteria defined as part of the Sub-Fund's investment policy are taken into account. The Sub-Fund is actively managed and not benchmarked against an index. 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 Sub-Fund is classified as an Article 8 product within the meaning of the Disclosure Regulation (EU) 2019/2088 (SFDR).


WKN:A2P8KN
ISIN:LU2206381894
Authorised for distribution:AT, CH, DE, ES, LI, LU, PT
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
SFDR Classification:Article 8
Fund currency:EUR
Share class currency:USD
Launch date:22 July 2020
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:18 May 2022
Fund assets:5.016.417.727,04 USD
NIW:96.32 USD
Redemption price:96.32 USD
Issue price*:99.21 USD
Ongoing charges:1.02%
which includes a management fee of:0.93%
Performance fee:
Issue surcharge:up to 3.00%

* incl. max. issue surcharge 3.00%

Source: Custodian bank / Paying agent

Annual performance (As at: 18.05.2022)

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 (USD, gross, in %, As at: 18.05.2022)

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

Accumulated Performance (gross, in %, As at: 18.05.2022)

YTD-6.95%
1 year-5.68%
1 year p.a.-5.68%
since 21.08.20191.83%

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: 18.05.2022)

 2022202120202019
Jan-1.38%-0.47%0.84%
Feb-2.58%-2.24%0.50%
Mar-1.27%0.13%-5.53%
Apr-1.46%0.17%6.76%
May-0.45%-0.16%1.73%
Jun1.40%1.40%
Jul1.62%2.80%
Aug-0.15%-0.37%0.07%
Sep-1.09%-0.08%-0.19%
Oct-0.96%0.72%-0.06%
Nov-0.13%1.97%-0.09%
Dec0.35%0.07%0.54%
YTD-6.95%-1.59%10.90%0.27%

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*
USD102.42
USD104.10101.06102.58
USD104.35101.31102.81
USD102.81
USD102.81
USD104.57101.53102.80
USD105.88102.79102.75
USD105.51102.44102.83
USD105.89102.80102.81
USD106.05102.96102.81
USD102.80
USD102.80
USD106.31103.21102.79
USD105.49102.42102.74
USD105.76102.68102.87
USD106.87103.76102.90
USD106.02102.93103.04
USD103.04
USD103.04
USD105.99102.90103.01
USD106.09102.99103.11
USD106.09102.99103.11
USD105.94102.86102.99
USD105.79102.71102.84
USD102.84
USD102.84
USD105.59102.51102.68
USD105.70102.63102.69
USD105.72102.65102.71
USD105.73102.65102.70
USD105.62102.55102.79
USD102.79
USD102.78
USD105.75102.67102.91
USD105.73102.65102.86
USD105.62102.54102.76
USD105.49102.42102.63
USD105.46102.39102.54
USD102.54
USD102.54
USD105.34102.27102.43
USD105.39102.31102.47
USD105.60102.53102.70
USD105.95102.86103.01
USD106.03102.94103.10
USD103.10
USD103.09
USD105.75102.67102.84
USD105.70102.63102.78
USD105.69102.62102.79
USD105.56102.49102.66
USD105.66102.58102.70
USD102.70
USD102.70
USD105.70102.63102.77
USD105.73102.66102.81
USD105.79102.71102.85
USD105.82102.73102.88
USD105.84102.76102.90
USD102.90
USD102.90
USD105.78102.70102.84
USD105.77102.70102.83
USD105.61102.53102.67
USD105.56102.49102.63
USD105.29102.23102.37
USD102.36
USD102.36
USD105.34102.27102.29
USD105.37102.29102.30
USD105.41102.33102.34
USD105.45102.38102.39
USD105.63102.56102.56
USD102.56
USD102.56
USD105.72102.64102.65
USD105.73102.65102.65
USD106.02102.93102.94
USD105.97102.89102.92
USD106.11103.02103.04
USD103.04
USD103.04
USD106.05102.96102.99
USD106.15103.05103.08
USD106.30103.20103.22
USD106.41103.31103.33
USD106.36103.26103.33
USD103.33
USD103.33
USD106.37103.28103.35
USD106.42103.32103.37
USD106.30103.20103.25
USD106.20103.11103.16
USD106.19103.09103.14
USD103.13
USD103.13
USD106.27103.17103.23
USD106.37103.27103.32
USD106.46103.36103.41
USD106.36103.26103.30
USD106.12103.03103.08
USD103.08
USD103.08
USD105.95102.87102.93
USD106.04102.96103.03
USD105.97102.89102.94
USD106.46103.36103.42
USD107.00103.88103.93
USD103.93
USD103.93
USD106.92103.81103.85
USD107.23104.11104.17
USD107.07103.95104.00
USD107.05103.93103.98
USD107.23104.11104.15
USD104.15
USD104.15
USD107.25104.13104.18
USD107.37104.24104.28
USD107.52104.38104.42
USD107.67104.54104.57
USD107.95104.80104.85
USD104.85
USD104.85
USD108.08104.92104.97
USD108.08104.93104.98
USD108.03104.88104.92
USD107.96104.82104.85
USD108.12104.97104.99
USD104.99
USD104.99
USD108.25105.10105.11
USD108.37105.21105.23
USD108.22105.07105.10
USD108.17105.02105.05
USD108.29105.14105.17
USD105.17
USD105.17
USD108.08104.94104.98
USD108.24105.09105.14
USD108.28105.13105.18
USD108.19105.04105.08
USD108.33105.17105.22
USD105.21
USD105.21
USD108.37105.21105.28
USD108.32105.16105.23
USD108.30105.14105.19
USD108.29105.13105.14
USD108.32105.16105.15
USD105.15
USD105.15
USD108.27105.12105.11
USD108.21105.06105.05
USD108.30105.15105.13
USD105.13
USD105.13
USD105.13
USD105.13
USD108.21105.06105.06
USD108.27105.12105.13
USD108.34105.18105.18
USD105.18
USD105.18
USD108.54105.38105.38
USD108.57105.41105.41
USD108.35105.20105.20
USD108.09104.94104.94
USD108.07104.92104.92
USD108.02104.87104.87
USD107.94104.80104.80
USD107.82104.68104.68
USD108.12104.97104.97
USD108.13104.97104.97
USD108.11104.96104.96
USD108.07104.92104.92
USD108.12104.96104.96
USD108.19105.04105.04
USD108.05104.91104.91
USD107.97104.83104.83
USD108.13104.98104.98
USD108.07104.92104.92
USD108.04104.89104.89
USD107.83104.69104.69
USD107.72104.58104.58
USD107.70104.56104.56
USD107.67104.53104.53
USD107.52104.39104.39
USD107.48104.36104.36
USD107.43104.31104.31
USD107.49104.35104.35
USD107.47104.34104.34
USD107.48104.35104.35
USD107.47104.34104.34
USD107.26104.13104.13
USD107.00103.88103.88
USD106.92103.80103.80
USD107.08103.96103.96
USD106.93103.82103.82
USD106.64103.53103.53
USD106.30103.20103.20
USD106.08102.99102.99
USD105.95102.86102.86
USD105.41102.34102.34
USD105.77102.69102.69
USD106.12103.03103.03
USD106.15103.06103.06
USD105.86102.78102.78
USD105.64102.56102.56
USD105.50102.43102.43
USD105.24102.17102.17
USD105.48102.40102.40
USD105.60102.52102.52
USD105.71102.63102.63
USD105.25102.18102.18
USD105.32102.25102.25
USD105.32102.26102.26
USD105.03101.97101.97
USD104.87101.82101.82
USD104.90101.84101.84
USD105.20102.13102.13
USD105.52102.45102.45
USD105.72102.64102.64
USD105.73102.65102.65
USD105.59102.51102.51
USD105.48102.41102.41
USD105.55102.47102.47
USD105.64102.56102.56
USD106.02102.93102.93
USD106.20103.11103.11
USD106.15103.06103.06
USD106.33103.23103.23
USD106.17103.08103.08
USD106.08102.99102.99
USD106.14103.05103.05
USD106.02102.93102.93
USD106.40103.30103.30
USD106.22103.13103.13
USD106.05102.96102.96
USD106.12103.03103.03
USD106.16103.07103.07
USD106.22103.13103.13
USD106.19103.09103.09
USD106.14103.05103.05
USD105.94102.86102.86
USD105.89102.81102.81
USD105.72102.64102.64
USD105.76102.68102.68
USD105.86102.78102.78
USD105.99102.90102.90
USD106.07102.98102.98
USD106.10103.01103.01
USD105.97102.88102.88
USD105.78102.71102.71
USD105.45102.38102.38
USD105.13102.07102.07
USD105.29102.22102.22
USD105.18102.12102.12
USD105.12102.05102.05
USD104.93101.88101.88
USD105.10102.04102.04
USD105.36102.29102.29
USD105.63102.56102.56
USD105.75102.68102.68
USD105.54102.47102.47
USD105.55102.48102.48
USD105.58102.49102.49
USD105.65102.58102.58
USD105.82102.73102.73
USD105.66102.57102.57
USD105.98102.89102.89
USD105.93102.85102.85
USD106.22103.12103.12
USD106.54103.43103.43
USD106.75103.65103.65
USD106.96103.85103.85
USD106.80103.69103.69
USD106.74103.63103.63
USD106.64103.54103.54
USD106.98103.86103.86
USD107.36104.23104.23
USD107.00103.88103.88
USD106.94103.82103.82
USD107.00103.89103.89
USD106.76103.65103.65
USD107.01103.90103.90
USD107.03103.91103.91
USD107.22104.10104.10
USD107.22104.10104.10
USD107.44104.32104.32
USD107.34104.21104.21
USD107.83104.69104.69
USD108.12104.97104.97
USD108.16105.01105.01
USD107.94104.80104.80
USD107.95104.81104.81
USD107.80104.66104.66
USD108.08104.93104.93
USD108.27105.11105.11
USD108.30105.15105.15
USD108.64105.48105.48
USD108.68105.52105.52
USD108.46105.31105.31
USD108.65105.49105.49
USD108.71105.55105.55
USD108.64105.47105.47
USD108.80105.64105.64
USD108.85105.67105.67
USD108.77105.59105.59
USD108.84105.67105.67
USD109.05105.87105.87
USD109.13105.95105.95
USD109.22106.04106.04
USD109.08105.91105.91
USD108.71105.55105.55
USD108.61105.45105.45
USD108.52105.36105.36
USD108.51105.35105.35
USD108.48105.33105.33
USD108.76105.59105.59
USD108.77105.60105.60
USD108.73105.56105.56
USD108.74105.58105.58
USD108.80105.63105.63
USD108.83105.66105.66
USD108.77105.60105.60
USD108.66105.50105.50
USD108.41105.24105.24
USD108.32105.17105.17
USD108.46105.30105.30
USD108.59105.43105.43
USD108.38105.22105.22
USD108.32105.17105.17
USD108.38105.23105.23
USD108.20105.05105.05
USD108.14104.98104.98
USD107.99104.84104.84
USD108.08104.93104.93
USD108.33105.17105.17
USD108.17105.02105.02
USD108.26105.11105.11
USD108.40105.25105.25
USD108.30105.14105.14
USD108.20105.05105.05
USD108.04104.90104.90
USD108.19105.04105.04
USD108.20105.05105.05
USD108.29105.13105.13
USD107.87104.73104.73
USD107.70104.56104.56
USD107.64104.51104.51
USD107.34104.21104.21
USD107.41104.28104.28
USD107.39104.26104.26
USD107.51104.38104.38
USD107.41104.28104.28
USD107.21104.10104.10
USD107.12104.01104.01
USD107.04103.92103.92
USD106.75103.64103.64
USD106.53103.43103.43
USD106.51103.40103.40
USD106.66103.56103.56
USD106.98103.86103.86
USD106.78103.67103.67
USD106.58103.47103.47
USD106.46103.37103.37
USD106.44103.35103.35
USD106.23103.13103.13
USD106.33103.23103.23
USD106.39103.29103.29
USD106.49103.39103.39
USD106.66103.55103.55
USD106.37103.28103.28
USD106.26103.17103.17
USD106.53103.42103.42
USD106.46103.36103.36
USD106.89103.77103.77
USD107.14104.02104.02
USD107.02103.90103.90
USD107.17104.05104.05
USD106.75103.64103.64
USD106.60103.49103.49
USD106.69103.58103.58
USD106.46103.35103.35
USD106.34103.24103.24
USD106.36103.27103.27
USD106.45103.35103.35
USD106.63103.53103.53
USD106.41103.31103.31
USD106.10103.01103.01
USD106.15103.06103.06
USD106.07102.98102.98
USD106.28103.18103.18
USD106.25103.15103.15
USD106.33103.23103.23
USD106.50103.39103.39
USD106.45103.35103.35
USD106.71103.60103.60
USD106.64103.53103.53
USD106.69103.59103.59
USD106.55103.44103.44
USD106.66103.55103.55
USD106.68103.57103.57
USD106.87103.75103.75
USD106.75103.63103.63
USD106.73103.62103.62
USD106.85103.74103.74
USD106.90103.79103.79
USD106.86103.75103.75
USD106.81103.70103.70
USD106.79103.68103.68
USD106.72103.62103.62
USD106.74103.63103.63
USD106.74103.63103.63
USD106.62103.51103.51
USD106.66103.56103.56
USD106.53103.43103.43
USD106.50103.40103.40
USD106.39103.30103.30
USD106.25103.16103.16
USD106.11103.02103.02
USD105.98102.89102.89
USD105.96102.88102.88
USD105.95102.86102.86
USD105.95102.87102.87
USD105.71102.64102.64
USD105.58102.50102.50
USD105.47102.40102.40
USD105.45102.38102.38
USD105.56102.49102.49
USD105.55102.48102.48
USD105.47102.39102.39
USD105.41102.35102.35
USD105.34102.27102.27
USD105.28102.22102.22
USD105.14102.08102.08
USD104.98101.92101.92
USD104.99101.93101.93
USD104.98101.91101.91
USD104.52101.48101.48
USD103.82100.80100.80
USD103.49100.48100.48
USD103.44100.43100.43
USD103.71100.69100.69
USD103.29100.28100.28
USD103.21100.20100.20
USD103.00100.00100.00
USD103.08100.08100.08
USD103.16100.16100.16
USD103.21100.21100.21
USD103.26100.26100.26
USD103.06100.05100.05
USD102.6799.6799.67
USD102.5399.5499.54
USD102.3799.3999.39
USD102.4399.4599.45
USD102.7499.7599.75
USD103.21100.20100.20
USD102.8399.8399.83
USD102.9099.9099.90
USD102.7199.7199.71
USD102.1399.1599.15
USD101.8998.9298.92
USD101.8798.9098.90
USD101.6998.7298.72
USD101.6698.7098.70
USD101.2998.3498.34
USD101.1998.2498.24
USD101.3498.3898.38
USD101.7998.8398.83
USD101.8698.8998.89
USD101.6298.6698.66
USD101.4298.4698.46
USD101.5498.5898.58
USD101.2298.2798.27
USD100.9197.9797.97
USD100.8597.9197.91
USD101.0698.1298.12
USD101.1498.1998.19
USD101.2698.3198.31
USD101.1998.2498.24
USD101.3898.4398.43
USD101.0998.1598.15
USD101.0898.1398.13
USD100.9998.0598.05
USD100.7997.8697.86
USD100.6497.7097.70
USD100.8897.9597.95
USD100.8497.9097.90
USD100.7497.8097.80
USD100.5797.6497.64
USD100.4297.4997.49
USD100.0097.0997.09
USD99.9197.0097.00
USD100.0397.1197.11
USD100.0797.1597.15
USD99.8896.9796.97
USD99.6696.7696.76
USD99.4596.5596.55
USD99.3296.4296.42
USD99.0296.1396.13
USD99.2396.3496.34
USD99.1296.2496.24
USD98.6595.7795.77
USD98.7495.8695.86
USD99.0496.1596.15
USD99.2896.3996.39
USD99.3596.4696.46
USD99.4396.5496.54
USD99.2196.3296.32

Opportunities

  • Participate in global bond market growth.
  • Income can be generated from regular interest payments.
  • Active interest rate, currency and risk management (e.g. from the use of derivatives).

Risks

  • Country, credit and issuer liquidity risk. Also potential exchange rate risks. If securities are illiquid (i.e. thinly traded), there is a risk that it may either not be possible to sell the assets at all or only by accepting a significant discount on the sale price.
  • Investing in bonds may entail price risks, especially in case of rising interest rates on the capital markets.
  • 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).

*Performance in the years 2019 to 2020 was simulated using the performance of share class USD-IT (LU2035372049) of sub-fund Flossbach von Storch - Bond Opportunities. The simulation took account of any differences in remuneration structure. Share class USD-IT and share class USD-RT have the same investment policy. Thus, there may be deviations between the redemption price and the NAV up to and including the calendar year of the issue.

Information regarding limited distribution


The English translation is only for the purpose of convenience.

The use of the distribution partners page is only permitted for distribution partners. 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 already 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.