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The Flossbach von Storch – Der erste Schritt fund is a globally diversified, defensive balanced fund with an active investment approach. The fund is flexible enough to take advantage of opportunities arising from the entire bond market and, to a limited extent, from the equity market. The goal is to generate as stable earnings as possible over time. The focus of the fund is on government bonds, covered bonds and corporate bonds, as well as equities, whose quota is limited to a maximum of 15 per cent. Foreign currency risks are largely hedged. Securities are selected as part of a fundamental analysis process. Fund managers Wilhelm Wildschütz and Elmar Peters rely on research tools developed in-house. 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: | A2QLWB |
|---|---|
| ISIN: | LU2279688266 |
| Authorised for distribution: | AT, CH, DE, ES, LI, LU |
| Fund type / legal structure: | UCITS / FCP |
| Domicile: | Luxemburg |
| Fund currency: | EUR |
| Launch date: | 10 February 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: | 623.934.659,21 EUR |
| NIW: | 99.36 EUR |
| Redemption price: | 99.36 EUR |
| Issue price*: | 100.35 EUR |
| Ongoing charges: | 0.94% |
| which includes a management fee of: | 0.83% |
| Performance fee: | |
| Issue surcharge: | up to 1.00% |
* incl. max. issue surcharge 1.00%
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.
| As at | Share class currency | Issue price | Redemption price | NAV* |
|---|---|---|---|---|
| EUR | 100.00 | |||
| EUR | 100.99 | 99.99 | 99.99 | |
| EUR | 100.98 | 99.98 | 99.98 | |
| EUR | 101.01 | 100.01 | 100.01 | |
| EUR | 100.92 | 99.92 | 99.92 | |
| EUR | 100.87 | 99.87 | 99.87 | |
| EUR | 100.92 | 99.92 | 99.92 | |
| EUR | 100.81 | 99.81 | 99.81 | |
| EUR | 100.48 | 99.49 | 99.49 | |
| EUR | 100.30 | 99.31 | 99.31 | |
| EUR | 100.21 | 99.22 | 99.22 | |
| EUR | 100.25 | 99.26 | 99.26 | |
| EUR | 99.63 | 98.64 | 98.64 | |
| EUR | 99.75 | 98.76 | 98.76 | |
| EUR | 100.19 | 99.20 | 99.20 | |
| EUR | 100.24 | 99.25 | 99.25 | |
| EUR | 99.95 | 98.96 | 98.96 | |
| EUR | 99.76 | 98.77 | 98.77 | |
| EUR | 99.93 | 98.94 | 98.94 | |
| EUR | 99.87 | 98.88 | 98.88 | |
| EUR | 100.06 | 99.07 | 99.07 | |
| EUR | 100.15 | 99.16 | 99.16 | |
| EUR | 100.18 | 99.19 | 99.19 | |
| EUR | 99.92 | 98.93 | 98.93 | |
| EUR | 100.01 | 99.02 | 99.02 | |
| EUR | 100.08 | 99.09 | 99.09 | |
| EUR | 100.00 | 99.01 | 99.01 | |
| EUR | 99.83 | 98.84 | 98.84 | |
| EUR | 99.83 | 98.84 | 98.84 | |
| EUR | 100.02 | 99.03 | 99.03 | |
| EUR | 100.11 | 99.12 | 99.12 | |
| EUR | 100.15 | 99.16 | 99.16 | |
| EUR | 100.20 | 99.21 | 99.21 | |
| EUR | 100.20 | 99.21 | 99.21 | |
| EUR | 100.22 | 99.23 | 99.23 | |
| EUR | 100.14 | 99.15 | 99.15 | |
| EUR | 100.11 | 99.12 | 99.12 | |
| EUR | 100.37 | 99.38 | 99.38 | |
| EUR | 100.41 | 99.42 | 99.42 | |
| EUR | 100.41 | 99.42 | 99.42 | |
| EUR | 100.55 | 99.55 | 99.55 | |
| EUR | 100.55 | 99.55 | 99.55 | |
| EUR | 100.51 | 99.51 | 99.51 | |
| EUR | 100.56 | 99.56 | 99.56 | |
| EUR | 100.41 | 99.42 | 99.42 | |
| EUR | 100.68 | 99.68 | 99.68 | |
| EUR | 100.60 | 99.60 | 99.60 | |
| EUR | 100.48 | 99.49 | 99.49 | |
| EUR | 100.50 | 99.50 | 99.50 | |
| EUR | 100.61 | 99.61 | 99.61 | |
| EUR | 100.62 | 99.62 | 99.62 | |
| EUR | 100.63 | 99.63 | 99.63 | |
| EUR | 100.56 | 99.56 | 99.56 | |
| EUR | 100.48 | 99.49 | 99.49 | |
| EUR | 100.47 | 99.48 | 99.48 | |
| EUR | 100.41 | 99.42 | 99.42 | |
| EUR | 100.43 | 99.44 | 99.44 | |
| EUR | 100.46 | 99.47 | 99.47 | |
| EUR | 100.48 | 99.49 | 99.49 | |
| EUR | 100.55 | 99.55 | 99.55 | |
| EUR | 100.57 | 99.57 | 99.57 | |
| EUR | 100.54 | 99.54 | 99.54 | |
| EUR | 100.38 | 99.39 | 99.39 | |
| EUR | 100.22 | 99.23 | 99.23 | |
| EUR | 100.14 | 99.15 | 99.15 | |
| EUR | 100.20 | 99.21 | 99.21 | |
| EUR | 100.18 | 99.19 | 99.19 | |
| EUR | 100.06 | 99.07 | 99.07 | |
| EUR | 100.00 | 99.01 | 99.01 | |
| EUR | 100.12 | 99.13 | 99.13 | |
| EUR | 100.27 | 99.28 | 99.28 | |
| EUR | 100.36 | 99.37 | 99.37 | |
| EUR | 100.41 | 99.42 | 99.42 | |
| EUR | 100.28 | 99.29 | 99.29 | |
| EUR | 100.32 | 99.33 | 99.33 | |
| EUR | 100.29 | 99.30 | 99.30 | |
| EUR | 100.23 | 99.24 | 99.24 | |
| EUR | 100.31 | 99.32 | 99.32 | |
| EUR | 100.26 | 99.27 | 99.27 | |
| EUR | 100.44 | 99.45 | 99.45 | |
| EUR | 100.38 | 99.39 | 99.39 | |
| EUR | 100.46 | 99.47 | 99.47 | |
| EUR | 100.59 | 99.59 | 99.59 | |
| EUR | 100.71 | 99.71 | 99.71 | |
| EUR | 100.79 | 99.79 | 99.79 | |
| EUR | 100.74 | 99.74 | 99.74 | |
| EUR | 100.71 | 99.71 | 99.71 | |
| EUR | 100.63 | 99.63 | 99.63 | |
| EUR | 100.83 | 99.83 | 99.83 | |
| EUR | 100.84 | 99.84 | 99.84 | |
| EUR | 100.81 | 99.81 | 99.81 | |
| EUR | 100.78 | 99.78 | 99.78 | |
| EUR | 100.83 | 99.83 | 99.83 | |
| EUR | 100.75 | 99.75 | 99.75 | |
| EUR | 100.86 | 99.86 | 99.86 | |
| EUR | 100.85 | 99.85 | 99.85 | |
| EUR | 100.94 | 99.94 | 99.94 | |
| EUR | 100.92 | 99.92 | 99.92 | |
| EUR | 101.10 | 100.10 | 100.10 | |
| EUR | 101.05 | 100.05 | 100.05 | |
| EUR | 101.25 | 100.25 | 100.25 | |
| EUR | 101.44 | 100.44 | 100.44 | |
| EUR | 101.41 | 100.41 | 100.41 | |
| EUR | 101.35 | 100.35 | 100.35 | |
| EUR | 101.39 | 100.39 | 100.39 | |
| EUR | 101.34 | 100.34 | 100.34 | |
| EUR | 101.45 | 100.45 | 100.45 | |
| EUR | 101.48 | 100.48 | 100.48 | |
| EUR | 101.47 | 100.47 | 100.47 | |
| EUR | 101.57 | 100.56 | 100.56 | |
| EUR | 101.70 | 100.69 | 100.69 | |
| EUR | 101.60 | 100.59 | 100.59 | |
| EUR | 101.68 | 100.67 | 100.67 | |
| EUR | 101.75 | 100.74 | 100.74 | |
| EUR | 101.67 | 100.66 | 100.66 | |
| EUR | 101.70 | 100.69 | 100.69 | |
| EUR | 101.74 | 100.73 | 100.73 | |
| EUR | 101.67 | 100.66 | 100.66 | |
| EUR | 101.73 | 100.72 | 100.72 | |
| EUR | 101.78 | 100.77 | 100.77 | |
| EUR | 101.85 | 100.84 | 100.84 | |
| EUR | 101.87 | 100.86 | 100.86 | |
| EUR | 101.83 | 100.82 | 100.82 | |
| EUR | 101.74 | 100.73 | 100.73 | |
| EUR | 101.77 | 100.76 | 100.76 | |
| EUR | 101.75 | 100.74 | 100.74 | |
| EUR | 101.77 | 100.76 | 100.76 | |
| EUR | 101.78 | 100.77 | 100.77 | |
| EUR | 101.81 | 100.80 | 100.80 | |
| EUR | 101.85 | 100.84 | 100.84 | |
| EUR | 101.89 | 100.88 | 100.88 | |
| EUR | 101.82 | 100.81 | 100.81 | |
| EUR | 101.86 | 100.85 | 100.85 | |
| EUR | 101.90 | 100.89 | 100.89 | |
| EUR | 101.89 | 100.88 | 100.88 | |
| EUR | 101.84 | 100.83 | 100.83 | |
| EUR | 101.75 | 100.74 | 100.74 | |
| EUR | 101.67 | 100.66 | 100.66 | |
| EUR | 101.72 | 100.71 | 100.71 | |
| EUR | 101.80 | 100.79 | 100.79 | |
| EUR | 101.73 | 100.72 | 100.72 | |
| EUR | 101.73 | 100.72 | 100.72 | |
| EUR | 101.72 | 100.71 | 100.71 | |
| EUR | 101.66 | 100.65 | 100.65 | |
| EUR | 101.66 | 100.65 | 100.65 | |
| EUR | 101.57 | 100.56 | 100.56 | |
| EUR | 101.53 | 100.52 | 100.52 | |
| EUR | 101.55 | 100.54 | 100.54 | |
| EUR | 101.44 | 100.44 | 100.44 | |
| EUR | 101.41 | 100.41 | 100.41 | |
| EUR | 101.42 | 100.42 | 100.42 | |
| EUR | 101.40 | 100.40 | 100.40 | |
| EUR | 101.35 | 100.35 | 100.35 | |
| EUR | 101.24 | 100.24 | 100.24 | |
| EUR | 101.25 | 100.25 | 100.25 | |
| EUR | 101.25 | 100.25 | 100.25 | |
| EUR | 101.27 | 100.27 | 100.27 | |
| EUR | 101.16 | 100.16 | 100.16 | |
| EUR | 101.10 | 100.10 | 100.10 | |
| EUR | 101.00 | 100.00 | 100.00 | |
| EUR | 100.81 | 99.81 | 99.81 | |
| EUR | 100.89 | 99.89 | 99.89 | |
| EUR | 100.88 | 99.88 | 99.88 | |
| EUR | 100.91 | 99.91 | 99.91 | |
| EUR | 100.80 | 99.80 | 99.80 | |
| EUR | 100.78 | 99.78 | 99.78 | |
| EUR | 100.82 | 99.82 | 99.82 | |
| EUR | 100.83 | 99.83 | 99.83 | |
| EUR | 100.69 | 99.69 | 99.69 | |
| EUR | 100.54 | 99.54 | 99.54 | |
| EUR | 100.45 | 99.46 | 99.46 | |
| EUR | 100.55 | 99.55 | 99.55 | |
| EUR | 100.81 | 99.81 | 99.81 | |
| EUR | 100.72 | 99.72 | 99.72 | |
| EUR | 100.54 | 99.54 | 99.54 | |
| EUR | 100.59 | 99.59 | 99.59 | |
| EUR | 100.65 | 99.65 | 99.65 | |
| EUR | 100.52 | 99.52 | 99.52 | |
| EUR | 100.53 | 99.53 | 99.53 | |
| EUR | 100.57 | 99.57 | 99.57 | |
| EUR | 100.59 | 99.59 | 99.59 | |
| EUR | 100.50 | 99.50 | 99.50 | |
| EUR | 100.38 | 99.39 | 99.39 | |
| EUR | 100.35 | 99.36 | 99.36 | |
| EUR | 100.56 | 99.56 | 99.56 | |
| EUR | 100.53 | 99.53 | 99.53 | |
| EUR | 100.79 | 99.79 | 99.79 | |
| EUR | 100.83 | 99.83 | 99.83 | |
| EUR | 100.74 | 99.74 | 99.74 | |
| EUR | 100.79 | 99.79 | 99.79 | |
| EUR | 100.58 | 99.58 | 99.58 | |
| EUR | 100.50 | 99.50 | 99.50 | |
| EUR | 100.67 | 99.67 | 99.67 | |
| EUR | 100.65 | 99.65 | 99.65 | |
| EUR | 100.72 | 99.72 | 99.72 | |
| EUR | 100.75 | 99.75 | 99.75 | |
| EUR | 100.69 | 99.69 | 99.69 | |
| EUR | 100.78 | 99.78 | 99.78 | |
| EUR | 100.64 | 99.64 | 99.64 | |
| EUR | 100.54 | 99.54 | 99.54 | |
| EUR | 100.59 | 99.59 | 99.59 | |
| EUR | 100.56 | 99.56 | 99.56 | |
| EUR | 100.57 | 99.57 | 99.57 | |
| EUR | 100.62 | 99.62 | 99.62 | |
| EUR | 100.37 | 99.38 | 99.38 | |
| EUR | 100.34 | 99.35 | 99.35 | |
| EUR | 100.35 | 99.36 | 99.36 |
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:
Issue surcharge up to 1.00%
Management fee p.a. 0.83%
Exchange commission 1.00%
(based on the unit value of the units to be purchased for the benefit of the relevant distributor)
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.