Flossbach von Storch - Foundation Defensive RT

The Flossbach von Storch - Foundation Defensive Sub-Fund offers professional asset management to foundations and other sustainability-oriented investors. The defensive multi-asset strategy is designed to generate a reasonable increase in value while preserving the substance of the assets over the medium term. The fund management invests globally in equities (maximum 35 per cent), bonds, convertible bonds, currencies, gold (indirectly) and investment funds according to the principle of risk diversification. Derivatives may be used to hedge or optimise returns. The selection of individual securities is based on in-house valuation models that also include ESG issues. In addition, exclusion criteria are taken into account that are based on a broad consensus of values. For example, the fund management refrains from investing in companies that are associated with the production and distribution of controversial weapons, or that generate significant revenues from military weapons, thermal coal, tobacco, alcohol and gambling. Also excluded are companies that seriously violate the principles of the UN Global Compact initiative ‒ these include human rights, labour standards, environmental protection, and anti-corruption. When selecting government bonds, no issuers are considered that are classified as "not free" by Freedom House. The Sub-Fund is actively managed and not benchmarked against an index.


WKN:A2QFWW
ISIN:LU2243568461
Authorised for distribution:AT, BE, CH, DE, LI, LU
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Launch date:5 January 2021
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:3 December 2021
Fund assets:855.219.201,79 EUR
NIW:103.70 EUR
Redemption price:103.70 EUR
Issue price*:106.81 EUR
Ongoing charges:1.66%
which includes a management fee of:1.56%
Performance fee:
Issue surcharge:up to 3.00%

* incl. max. issue surcharge 3.00%

Source: Custodian bank / Paying agent

In accordance with regulatory requirements, we are not permitted to provide performance figures for this fund, as it has been active for less than a year.

Historic Prices

As atShare class currencyIssue priceRedemption priceNAV*
EUR100.00
EUR104.8599.8699.86
EUR104.4499.4799.47
EUR104.5899.6099.60
EUR104.4399.4699.46
EUR104.3399.3699.36
EUR104.0699.1099.10
EUR104.3699.3999.39
EUR104.3799.4099.40
EUR104.2099.2499.24
EUR104.2499.2899.28
EUR104.4999.5199.51
EUR104.9299.9299.92
EUR104.6499.6699.66
EUR104.4699.4999.49
EUR104.6299.6499.64
EUR104.8299.8399.83
EUR104.5299.5499.54
EUR104.5599.5799.57
EUR103.7798.8398.83
EUR104.5599.5799.57
EUR104.9799.9799.97
EUR104.9299.9299.92
EUR104.8299.8399.83
EUR104.6399.6599.65
EUR104.7999.8099.80
EUR102.7699.7799.77
EUR102.6599.6699.66
EUR102.7099.7199.71
EUR102.6899.6999.69
EUR102.6399.6499.64
EUR102.5199.5299.52
EUR102.4299.4499.44
EUR102.2199.2399.23
EUR101.8198.8498.84
EUR101.5998.6398.63
EUR101.3198.3698.36
EUR101.2798.3298.32
EUR100.2597.3397.33
EUR100.0397.1297.12
EUR101.0098.0698.06
EUR101.0298.0898.08
EUR100.5397.6097.60
EUR100.4597.5297.52
EUR100.7997.8597.85
EUR101.0698.1298.12
EUR101.6098.6498.64
EUR101.7798.8198.81
EUR101.8398.8698.86
EUR101.4798.5198.51
EUR101.7998.8398.83
EUR102.0099.0399.03
EUR101.8398.8698.86
EUR101.6398.6798.67
EUR101.5998.6398.63
EUR101.8498.8798.87
EUR102.1099.1399.13
EUR102.1699.1899.18
EUR102.2699.2899.28
EUR102.4699.4899.48
EUR102.5799.5899.58
EUR102.4399.4599.45
EUR102.5099.5199.51
EUR103.18100.17100.17
EUR103.30100.29100.29
EUR103.13100.13100.13
EUR103.53100.51100.51
EUR103.67100.65100.65
EUR103.56100.54100.54
EUR103.67100.65100.65
EUR103.39100.38100.38
EUR103.97100.94100.94
EUR104.12101.09101.09
EUR103.85100.83100.83
EUR103.70100.68100.68
EUR104.07101.04101.04
EUR104.06101.03101.03
EUR103.93100.90100.90
EUR103.74100.72100.72
EUR103.64100.62100.62
EUR103.45100.44100.44
EUR103.42100.41100.41
EUR103.46100.45100.45
EUR103.63100.61100.61
EUR103.52100.50100.50
EUR103.78100.76100.76
EUR104.00100.97100.97
EUR104.03101.00101.00
EUR103.85100.83100.83
EUR103.30100.29100.29
EUR103.30100.29100.29
EUR103.60100.58100.58
EUR103.68100.66100.66
EUR103.39100.38100.38
EUR103.21100.20100.20
EUR103.64100.62100.62
EUR103.88100.85100.85
EUR104.05101.02101.02
EUR104.25101.21101.21
EUR104.12101.09101.09
EUR104.31101.27101.27
EUR104.11101.08101.08
EUR104.10101.07101.07
EUR104.32101.28101.28
EUR104.27101.23101.23
EUR104.72101.67101.67
EUR104.62101.57101.57
EUR104.73101.68101.68
EUR104.83101.78101.78
EUR105.07102.01102.01
EUR105.28102.21102.21
EUR105.22102.16102.16
EUR105.26102.19102.19
EUR105.11102.05102.05
EUR105.37102.30102.30
EUR105.32102.25102.25
EUR105.41102.34102.34
EUR105.25102.18102.18
EUR105.46102.39102.39
EUR105.37102.30102.30
EUR105.58102.50102.50
EUR105.60102.52102.52
EUR105.69102.61102.61
EUR105.77102.69102.69
EUR106.23103.14103.14
EUR106.28103.18103.18
EUR106.59103.49103.49
EUR107.09103.97103.97
EUR106.59103.49103.49
EUR106.82103.71103.71
EUR106.96103.84103.84
EUR107.16104.04104.04
EUR107.33104.20104.20
EUR107.27104.15104.15
EUR107.22104.10104.10
EUR106.81103.70103.70
EUR107.20104.08104.08
EUR107.22104.10104.10
EUR107.25104.13104.13
EUR107.64104.50104.50
EUR107.30104.17104.17
EUR107.12104.00104.00
EUR107.28104.16104.16
EUR107.23104.11104.11
EUR107.31104.18104.18
EUR107.27104.15104.15
EUR107.47104.34104.34
EUR107.55104.42104.42
EUR107.67104.53104.53
EUR107.45104.32104.32
EUR107.37104.24104.24
EUR107.39104.26104.26
EUR107.57104.44104.44
EUR107.65104.51104.51
EUR107.74104.60104.60
EUR107.87104.73104.73
EUR108.00104.85104.85
EUR107.83104.69104.69
EUR107.87104.73104.73
EUR108.02104.87104.87
EUR108.13104.98104.98
EUR107.99104.84104.84
EUR107.71104.57104.57
EUR107.55104.42104.42
EUR107.80104.66104.66
EUR107.95104.81104.81
EUR107.75104.61104.61
EUR107.68104.54104.54
EUR107.58104.45104.45
EUR107.61104.48104.48
EUR107.66104.52104.52
EUR107.32104.19104.19
EUR107.25104.13104.13
EUR107.20104.08104.08
EUR106.91103.80103.80
EUR107.00103.88103.88
EUR107.06103.94103.94
EUR106.98103.86103.86
EUR106.90103.79103.79
EUR106.54103.44103.44
EUR106.32103.22103.22
EUR106.59103.49103.49
EUR106.73103.62103.62
EUR106.55103.45103.45
EUR106.47103.37103.37
EUR106.36103.26103.26
EUR105.64102.56102.56
EUR105.88102.80102.80
EUR105.90102.82102.82
EUR105.95102.86102.86
EUR105.60102.52102.52
EUR105.78102.70102.70
EUR105.98102.89102.89
EUR106.32103.22103.22
EUR106.19103.10103.10
EUR106.00102.91102.91
EUR105.99102.90102.90
EUR106.34103.24103.24
EUR106.87103.76103.76
EUR106.78103.67103.67
EUR106.77103.66103.66
EUR106.79103.68103.68
EUR106.85103.74103.74
EUR106.76103.65103.65
EUR106.96103.84103.84
EUR107.10103.98103.98
EUR107.26104.14104.14
EUR107.25104.13104.13
EUR107.15104.03104.03
EUR107.22104.10104.10
EUR107.47104.34104.34
EUR107.48104.35104.35
EUR108.04104.89104.89
EUR108.12104.97104.97
EUR107.97104.83104.83
EUR108.15105.00105.00
EUR108.31105.16105.16
EUR108.34105.18105.18
EUR108.72105.55105.55
EUR108.74105.57105.57
EUR109.04105.86105.86
EUR109.09105.91105.91
EUR108.81105.64105.64
EUR108.96105.79105.79
EUR108.49105.33105.33
EUR107.92104.78104.78
EUR108.31105.16105.16
EUR108.23105.08105.08
EUR107.34104.21104.21
EUR107.59104.46104.46
EUR106.97103.85103.85
EUR106.86103.75103.75
EUR106.81103.70103.70

Opportunities

  • Flexible investment policy without benchmarking.
  • Risk is broadly diversified by investing in a range of asset classes (e.g. equities, bonds, convertible bonds, and precious metals (indirect)). Market potential can be exploited by investing across a wide range.
  • 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.
  • Precious metals (indirect) (e.g. in the form of gold) can be used to increase potential yields.

Risks

  • Market risks: the securities in which the Management Company invests the sub-fund assets present opportunities for gain but also the possibility of risk. The ESG criteria for sustainable financial instruments restrict the selection of target investments in terms of category and number, sometimes considerably. If a sub-fund invests directly or indirectly in securities and other assets, it is subject to many general trends and tendencies on the markets, which are sometimes attributable to irrational factors, particularly on the securities markets. Losses can occur when the market value of the assets decreases against the cost price. If a unit holder disposes of units in a sub-fund at a time when the quoted price of the sub-fund assets is less than at the time of investment, then the unit holder will not recover the full value of the investment. While each sub-fund constantly strives to achieve growth, growth cannot be guaranteed. The risk exposure of the investor is, however, limited to the sum invested. There is no obligation to make additional capital contributions beyond investors' investments.
  • Currency risks: if a sub-fund holds assets which are denominated in foreign currencies, it shall be subject to currency risk. In the event of a devaluation of the foreign currency against the reference currency of the sub-fund, the value of the assets held in foreign currencies shall fall.
  • Credit risks: the fund may invest part of its assets in bonds. The issuers of these bonds could become insolvent, causing the bonds to lose some or all of their value.
  • Interest-change risks: investing in securities at a fixed rate of interest is connected with the possibility that the current interest rate at the time of issuance of a security could change. If the current interest rate increases as against the interest at the time of issue, fixed-rate securities will generally decrease in value. Conversely, if the current interest rate falls, fixed-rate securities will increase.
  • Risks relating to the use of derivatives: the fund may enter into derivative transactions for the purposes listed in the KIID and the sales prospectus. This means increased opportunities, but also increased risk of losses. The use of derivatives to hedge against losses may also reduce the profit opportunities of the fund.
  • Risks of precious metals and commodities: precious metals and commodities may be subject to greater price fluctuations. Trading prices may also fall.

*Performance in the years 2007 to 2021 was simulated using the performance of share class SI (LU0323577766) of sub-fund Flossbach von Storch - Foundation Defensive. The simulation took account of any differences in remuneration structure. Share class SI and share class 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.

Morningstar Rating™ overall: © (2021) Morningstar Inc. All rights reserved. The information contained herein: (1) is protected by copyright for Morningstar and / or its content providers; (2) may not be copied or distributed, and (3) is not guaranteed with regard to its accuracy, completeness, or timeliness. Neither Morningstar nor its content providers are liable for any damages or losses that may result from the use of this information. Ratings refer to the previous month. Status: 

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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.