Flossbach von Storch - Der erste Schritt R

(As of 24 January 2018, the sub-fund “Flossbach von Storch - Bond Total Return” has been renamed “Flossbach von Storch – Der erste Schritt”. Simultaneously, the investment strategy has changed.)

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.


Valor number:21968021
ISIN:LU0952573136
Authorised for distribution:AT, CH, DE, ES, LU, PT
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Launch date:1 October 2013
Financial year end:30 September
Income utilisation:Distribution
Last distribution:0.73 EUR (as at 11 December 2017)
Management company:Flossbach von Storch Invest S.A.
Custodian bank / Paying agent:DZ PRIVATBANK S.A.
Manager:Flossbach von Storch AG
Data from:18 October 2019
Fund assets:269,591,899.43 EUR
NAV:111.23 EUR
Redemption price:111.23 EUR
Issue price*:112.34 EUR
TID:1.8180 (as at 12 December 2017)
Issue surcharge:up to 1.00%

* incl. max. issue surcharge 1.00%

Source: Custodian bank / Paying agent

Annual performance (EUR, gross, in %, As at: 18.10.2019)

As of 24 January 2018, the sub-fund “Flossbach von Storch - Bond Total Return” has been renamed “Flossbach von Storch – Der erste Schritt”. Simultaneously, the investment strategy has changed.

 

Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Where performance is compared to a benchmark, such a comparison is provided for informational purposes only and does not imply any obligation on the part of the fund manager to achieve the level of the benchmark or replicate its performance.

Source: Custodian bank and SIX Financial Information

Performance (EUR, gross, in %, As at: 18.10.2019)

As of 24 January 2018, the sub-fund “Flossbach von Storch - Bond Total Return” has been renamed “Flossbach von Storch – Der erste Schritt”. Simultaneously, the investment strategy has changed.

 

Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Where performance is compared to a benchmark, such a comparison is provided for informational purposes only and does not imply any obligation on the part of the fund manager to achieve the level of the benchmark or replicate its performance.

Source: Custodian bank and SIX Financial Information

Accumulated Performance (EUR, gross, in %, As at: 18.10.2019)

 18.10.201930.09.2019
YTD6.58%6.48%
1 year4.01%3.40%
3 years3.52%3.20%
5 years8.74%9.30%
1 year p.a.1.24%3.40%
3 years p.a.1.16%1.05%
5 years p.a.1.69%1.79%
since launch (01.10.2013)17.88%17.76%

As of 24 January 2018, the sub-fund “Flossbach von Storch - Bond Total Return” has been renamed “Flossbach von Storch – Der erste Schritt”. Simultaneously, the investment strategy has changed.

 

Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Where performance is compared to a benchmark, such a comparison is provided for informational purposes only and does not imply any obligation on the part of the fund manager to achieve the level of the benchmark or replicate its performance.

Source: Custodian bank and SIX Financial Information

Monthly performance (EUR, in %, As at: 18.10.2019)

 2019201820172016201520142013
Jan2.13%-0.41%0.00%0.06%2.45%1.32%
Feb1.30%-0.42%0.89%0.57%0.24%1.18%
Mar1.08%-0.48%-0.27%1.36%0.36%0.28%
Apr0.60%0.58%0.45%0.60%-0.01%0.80%
May-0.29%0.04%0.28%-0.28%-1.36%1.67%
Jun1.00%-0.56%-0.06%0.89%-2.23%0.52%
Jul0.27%0.91%0.20%1.02%0.62%0.46%
Aug0.18%-0.16%0.22%0.27%-0.74%1.14%
Sep0.04%-0.35%-0.18%-0.12%-0.58%0.00%
Oct0.10%-1.05%0.46%-0.34%1.40%0.54%0.81%
Nov-0.93%-0.09%-0.98%0.09%0.92%0.18%
Dec-0.94%-0.14%0.24%-0.58%0.36%-0.85%
Current year to 30.09.20196.48%-3.73%1.76%3.33%-0.42%9.57%0.13%
Current year to 18.10.20196.58%-3.73%1.76%3.33%-0.42%9.57%0.13%

As of 24 January 2018, the sub-fund “Flossbach von Storch - Bond Total Return” has been renamed “Flossbach von Storch – Der erste Schritt”. Simultaneously, the investment strategy has changed.

 

Past performance is no indication of current or future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Where performance is compared to a benchmark, such a comparison is provided for informational purposes only and does not imply any obligation on the part of the fund manager to achieve the level of the benchmark or replicate its performance.

Source: Custodian bank and SIX Financial Information

Fund breakdown (As at: 30.09.2019)

Corporate bonds30.80 %
Covered Bonds28.31 %
Government bonds27.40 %
Cash10.77 %
Equities2.72 %
Other (incl. derivatives)0.00 %

Source: Depositary and Flossbach von Storch

Top 10 guarantors (As at: 30.09.2019)

Japan3.07 %
North Rhine-Westphalia2.70 %
Republic of Austria2.69 %
Coöperatieve Rabobank U.A.2.63 %
Oesterreichische Kontrollbank2.60 %
Republic of Finland2.56 %
Kingdom of the Netherlands2.55 %
SpareBank 1 Boligkreditt AS2.46 %
Swedbank AB2.40 %
Skandinaviska Enskilda Banken2.38 %

 Source: Depositary and Flossbach von Storch

Top 10 sectors for corporate bonds (As at: 30.09.2019)

Telecommunication Services37.86 %
Capital Goods15.77 %
Transportation13.25 %
Household & Personal Products11.79 %
Pharmaceuticals, Biotechnology & Life Sciences11.51 %
Materials9.82 %

 Source: Depositary and Flossbach von Storch

Breakdown of ratings for bonds (As at: 30.09.2019)

AAA48.07 %
AA26.36 %
A21.08 %
BBB3.83 %
BB0.67 %

Source: Depositary and Flossbach von Storch

Other key figures (As at: 30.09.2019)

Sharpe Ratio a 1,93
Value at Risk (VaR) b -1,22%
Volatility c 1,99%
Maximum drawdown d -3,27%

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 at Share class currency Issue price Redemption price NAV
EUR 103.00 100.00 100.00
EUR 102.91 99.91 99.91
EUR 102.87 99.87 99.87
EUR 102.88 99.88 99.88
EUR 102.75 99.76 99.76
EUR 102.73 99.74 99.74
EUR 102.74 99.75 99.75
EUR 102.74 99.75 99.75
EUR 102.55 99.56 99.56
EUR 102.66 99.67 99.67
EUR 102.64 99.65 99.65
EUR 102.52 99.53 99.53
EUR 102.49 99.50 99.50
EUR 102.79 99.80 99.80
EUR 103.08 100.08 100.08
EUR 103.05 100.05 100.05
EUR 103.29 100.28 100.28
EUR 103.57 100.55 100.55
EUR 103.53 100.51 100.51
EUR 103.50 100.49 100.49
EUR 103.54 100.52 100.52
EUR 103.63 100.61 100.61
EUR 103.83 100.81 100.81
EUR 103.91 100.88 100.88
EUR 103.88 100.85 100.85
EUR 103.63 100.61 100.61
EUR 103.62 100.60 100.60
EUR 103.90 100.87 100.87
EUR 103.57 100.55 100.55
EUR 103.57 100.55 100.55
EUR 103.44 100.43 100.43
EUR 103.65 100.63 100.63
EUR 103.81 100.79 100.79
EUR 103.88 100.85 100.85
EUR 104.02 100.99 100.99
EUR 103.93 100.90 100.90
EUR 103.84 100.82 100.82
EUR 103.74 100.72 100.72
EUR 103.76 100.74 100.74
EUR 103.87 100.84 100.84
EUR 104.05 101.02 101.02
EUR 104.00 100.97 100.97
EUR 104.02 100.99 100.99
EUR 104.06 101.03 101.03
EUR 103.89 100.86 100.86
EUR 103.90 100.87 100.87
EUR 103.58 100.56 100.56
EUR 103.27 100.26 100.26
EUR 103.25 100.24 100.24
EUR 103.38 100.37 100.37
EUR 103.54 100.52 100.52
EUR 103.58 100.56 100.56
EUR 103.47 100.46 100.46
EUR 103.53 100.51 100.51
EUR 103.54 100.52 100.52
EUR 103.63 100.61 100.61
EUR 103.62 100.60 100.60
EUR 103.50 100.49 100.49
EUR 103.46 100.45 100.45
EUR 103.36 100.35 100.35
EUR 103.13 100.13 100.13
EUR 103.23 100.22 100.22
EUR 103.23 100.22 100.22
EUR 103.28 100.27 100.27
EUR 103.45 100.44 100.44
EUR 103.61 100.59 100.59
EUR 103.60 100.58 100.58
EUR 103.49 100.48 100.48
EUR 103.76 100.74 100.74
EUR 103.98 100.95 100.95
EUR 103.99 100.96 100.96
EUR 103.88 100.85 100.85
EUR 104.02 100.99 100.99
EUR 104.24 101.20 101.20
EUR 104.27 101.23 101.23
EUR 104.28 101.24 101.24
EUR 104.22 101.18 101.18
EUR 104.22 101.18 101.18
EUR 104.37 101.33 101.33
EUR 104.28 101.24 101.24
EUR 104.26 101.22 101.22
EUR 104.38 101.34 101.34
EUR 104.49 101.45 101.45
EUR 104.66 101.61 101.61
EUR 104.69 101.64 101.64
EUR 104.73 101.68 101.68
EUR 104.78 101.73 101.73
EUR 104.63 101.58 101.58
EUR 104.79 101.74 101.74
EUR 104.94 101.88 101.88
EUR 104.97 101.91 101.91
EUR 104.93 101.87 101.87
EUR 104.99 101.93 101.93
EUR 105.08 102.02 102.02
EUR 105.05 101.99 101.99
EUR 105.13 102.07 102.07
EUR 105.27 102.20 102.20
EUR 105.18 102.12 102.12
EUR 105.19 102.13 102.13
EUR 105.26 102.19 102.19
EUR 105.33 102.26 102.26
EUR 105.45 102.38 102.38
EUR 105.73 102.65 102.65
EUR 105.66 102.58 102.58
EUR 105.83 102.75 102.75
EUR 105.73 102.65 102.65
EUR 105.69 102.61 102.61
EUR 105.55 102.48 102.48
EUR 105.45 102.38 102.38
EUR 105.48 102.41 102.41
EUR 105.53 102.46 102.46
EUR 105.63 102.55 102.55
EUR 105.84 102.76 102.76
EUR 105.93 102.84 102.84
EUR 105.81 102.73 102.73
EUR 105.80 102.72 102.72
EUR 105.75 102.67 102.67
EUR 105.47 102.40 102.40
EUR 105.50 102.43 102.43
EUR 105.66 102.58 102.58
EUR 105.80 102.72 102.72
EUR 105.91 102.83 102.83
EUR 106.08 102.99 102.99
EUR 106.03 102.94 102.94
EUR 106.00 102.91 102.91
EUR 106.00 102.91 102.91
EUR 105.85 102.77 102.77
EUR 105.88 102.80 102.80
EUR 106.09 103.00 103.00
EUR 106.29 103.19 103.19
EUR 106.28 103.18 103.18
EUR 106.22 103.13 103.13
EUR 106.49 103.39 103.39
EUR 106.62 103.51 103.51
EUR 106.56 103.46 103.46
EUR 106.78 103.67 103.67
EUR 106.77 103.66 103.66
EUR 106.57 103.47 103.47
EUR 106.56 103.46 103.46
EUR 106.57 103.47 103.47
EUR 106.64 103.53 103.53
EUR 106.79 103.68 103.68
EUR 106.83 103.72 103.72
EUR 106.87 103.76 103.76
EUR 107.12 104.00 104.00
EUR 107.23 104.11 104.11
EUR 107.26 104.14 104.14
EUR 107.25 104.13 104.13
EUR 107.27 104.15 104.15
EUR 107.46 104.33 104.33
EUR 107.51 104.38 104.38
EUR 107.54 104.41 104.41
EUR 107.80 104.66 104.66
EUR 108.14 104.99 104.99
EUR 108.29 105.14 105.14
EUR 108.27 105.12 105.12
EUR 108.15 105.00 105.00
EUR 108.12 104.97 104.97
EUR 108.05 104.90 104.90
EUR 108.08 104.93 104.93
EUR 108.19 105.04 105.04
EUR 108.22 105.07 105.07
EUR 108.42 105.26 105.26
EUR 108.65 105.49 105.49
EUR 108.63 105.47 105.47
EUR 108.57 105.41 105.41
EUR 108.40 105.24 105.24
EUR 108.29 105.14 105.14
EUR 108.48 105.32 105.32
EUR 108.72 105.55 105.55
EUR 108.65 105.49 105.49
EUR 108.67 105.50 105.50
EUR 108.71 105.54 105.54
EUR 108.78 105.61 105.61
EUR 108.81 105.64 105.64
EUR 108.65 105.49 105.49
EUR 108.73 105.56 105.56
EUR 108.95 105.78 105.78
EUR 108.97 105.80 105.80
EUR 108.99 105.82 105.82
EUR 109.20 106.02 106.02
EUR 109.26 106.08 106.08
EUR 109.22 106.04 106.04
EUR 109.26 106.08 106.08
EUR 109.24 106.06 106.06
EUR 109.11 105.93 105.93
EUR 109.05 105.87 105.87
EUR 109.12 105.94 105.94
EUR 109.20 106.02 106.02
EUR 109.38 106.19 106.19
EUR 109.38 106.19 106.19
EUR 109.43 106.24 106.24
EUR 109.47 106.28 106.28
EUR 109.43 106.24 106.24
EUR 109.44 106.25 106.25
EUR 109.47 106.28 106.28
EUR 109.61 106.42 106.42
EUR 109.59 106.40 106.40
EUR 109.62 106.43 106.43
EUR 109.60 106.41 106.41
EUR 109.71 106.51 106.51
EUR 109.62 106.43 106.43
EUR 109.73 106.53 106.53
EUR 109.76 106.56 106.56
EUR 109.85 106.65 106.65
EUR 109.73 106.53 106.53
EUR 109.68 106.49 106.49
EUR 109.74 106.54 106.54
EUR 109.77 106.57 106.57
EUR 109.71 106.51 106.51
EUR 109.86 106.66 106.66
EUR 109.92 106.72 106.72
EUR 109.93 106.73 106.73
EUR 109.93 106.73 106.73
EUR 109.96 106.76 106.76
EUR 110.14 106.93 106.93
EUR 110.34 107.13 107.13
EUR 110.35 107.14 107.14
EUR 110.40 107.18 107.18
EUR 110.46 107.24 107.24
EUR 110.44 107.22 107.22
EUR 110.51 107.29 107.29
EUR 110.65 107.43 107.43
EUR 110.75 107.52 107.52
EUR 110.88 107.65 107.65
EUR 110.97 107.74 107.74
EUR 110.96 107.73 107.73
EUR 111.08 107.84 107.84
EUR 110.95 107.72 107.72
EUR 110.92 107.69 107.69
EUR 111.02 107.79 107.79
EUR 111.09 107.85 107.85
EUR 111.04 107.81 107.81
EUR 110.94 107.71 107.71
EUR 110.87 107.64 107.64
EUR 110.87 107.64 107.64
EUR 110.74 107.51 107.51
EUR 110.78 107.55 107.55
EUR 110.76 107.53 107.53
EUR 110.79 107.56 107.56
EUR 110.67 107.45 107.45
EUR 110.82 107.59 107.59
EUR 110.98 107.75 107.75
EUR 110.92 107.69 107.69
EUR 110.92 107.69 107.69
EUR 110.99 107.76 107.76
EUR 110.99 107.76 107.76
EUR 110.97 107.74 107.74
EUR 111.06 107.83 107.83
EUR 111.25 108.01 108.01
EUR 111.28 108.04 108.04
EUR 111.19 107.95 107.95
EUR 111.28 108.04 108.04
EUR 111.35 108.11 108.11
EUR 111.40 108.16 108.16
EUR 111.49 108.24 108.24
EUR 111.49 108.24 108.24
EUR 111.47 108.22 108.22
EUR 111.76 108.50 108.50
EUR 112.04 108.78 108.78
EUR 111.66 108.41 108.41
EUR 111.56 108.31 108.31
EUR 111.53 108.28 108.28
EUR 111.55 108.30 108.30
EUR 111.57 108.32 108.32
EUR 111.50 108.25 108.25
EUR 111.46 108.21 108.21
EUR 111.53 108.28 108.28
EUR 111.56 108.31 108.31
EUR 111.44 108.19 108.19
EUR 111.57 108.32 108.32
EUR 111.63 108.38 108.38
EUR 111.67 108.42 108.42
EUR 111.81 108.55 108.55
EUR 111.82 108.56 108.56
EUR 111.87 108.61 108.61
EUR 111.92 108.66 108.66
EUR 111.98 108.72 108.72
EUR 111.95 108.69 108.69
EUR 112.03 108.77 108.77
EUR 112.09 108.83 108.83
EUR 112.14 108.87 108.87
EUR 112.15 108.88 108.88
EUR 112.04 108.78 108.78
EUR 111.84 108.58 108.58
EUR 111.94 108.68 108.68
EUR 112.15 108.88 108.88
EUR 112.23 108.96 108.96
EUR 112.35 109.08 109.08
EUR 112.47 109.19 109.19
EUR 112.60 109.32 109.32
EUR 112.67 109.39 109.39
EUR 112.56 109.28 109.28
EUR 112.41 109.14 109.14
EUR 112.35 109.08 109.08
EUR 112.30 109.03 109.03
EUR 112.28 109.01 109.01
EUR 112.42 109.15 109.15
EUR 112.56 109.28 109.28
EUR 112.65 109.37 109.37
EUR 110.83 107.60 107.60
EUR 110.94 107.71 107.71
EUR 111.03 107.80 107.80
EUR 111.01 107.78 107.78
EUR 111.03 107.80 107.80
EUR 110.84 107.61 107.61
EUR 110.97 107.74 107.74
EUR 111.12 107.88 107.88
EUR 110.94 107.71 107.71
EUR 111.12 107.88 107.88
EUR 111.35 108.11 108.11
EUR 111.55 108.30 108.30
EUR 111.76 108.50 108.50
EUR 112.00 108.74 108.74
EUR 112.09 108.83 108.83
EUR 112.09 108.83 108.83
EUR 112.14 108.87 108.87
EUR 112.30 109.03 109.03
EUR 112.41 109.14 109.14
EUR 112.56 109.28 109.28
EUR 112.84 109.55 109.55
EUR 112.99 109.70 109.70
EUR 112.86 109.57 109.57
EUR 112.96 109.67 109.67
EUR 112.75 109.47 109.47
EUR 112.99 109.70 109.70
EUR 113.48 110.17 110.17
EUR 113.55 110.24 110.24
EUR 113.51 110.20 110.20
EUR 113.66 110.35 110.35
EUR 113.84 110.52 110.52
EUR 114.03 110.71 110.71
EUR 114.15 110.83 110.83
EUR 114.04 110.72 110.72
EUR 113.76 110.45 110.45
EUR 113.89 110.57 110.57
EUR 113.62 110.31 110.31
EUR 113.51 110.20 110.20
EUR 113.42 110.12 110.12
EUR 113.41 110.11 110.11
EUR 113.51 110.20 110.20
EUR 113.48 110.17 110.17
EUR 113.39 110.09 110.09
EUR 113.29 109.99 109.99
EUR 113.27 109.97 109.97
EUR 113.35 110.05 110.05
EUR 113.31 110.01 110.01
EUR 113.39 110.09 110.09
EUR 113.66 110.35 110.35
EUR 113.95 110.63 110.63
EUR 114.10 110.78 110.78
EUR 114.05 110.73 110.73
EUR 113.88 110.56 110.56
EUR 113.75 110.44 110.44
EUR 113.65 110.34 110.34
EUR 113.80 110.49 110.49
EUR 113.75 110.44 110.44
EUR 113.68 110.37 110.37
EUR 114.22 110.89 110.89
EUR 114.32 110.99 110.99
EUR 114.10 110.78 110.78
EUR 114.10 110.78 110.78
EUR 114.04 110.72 110.72
EUR 113.89 110.57 110.57
EUR 114.18 110.85 110.85
EUR 114.59 111.25 111.25
EUR 114.42 111.09 111.09
EUR 114.31 110.98 110.98
EUR 114.33 111.00 111.00
EUR 114.44 111.11 111.11
EUR 114.41 111.08 111.08
EUR 114.31 110.98 110.98
EUR 114.52 111.18 111.18
EUR 114.73 111.39 111.39
EUR 114.90 111.55 111.55
EUR 114.98 111.63 111.63
EUR 114.97 111.62 111.62
EUR 115.17 111.82 111.82
EUR 115.30 111.94 111.94
EUR 115.24 111.88 111.88
EUR 115.33 111.97 111.97
EUR 115.44 112.08 112.08
EUR 115.75 112.38 112.38
EUR 115.72 112.35 112.35
EUR 115.75 112.38 112.38
EUR 115.76 112.39 112.39
EUR 115.61 112.24 112.24
EUR 115.39 112.03 112.03
EUR 115.18 111.83 111.83
EUR 115.27 111.91 111.91
EUR 115.28 111.92 111.92
EUR 115.23 111.87 111.87
EUR 114.51 111.17 111.17
EUR 113.98 110.66 110.66
EUR 113.52 110.21 110.21
EUR 113.22 109.92 109.92
EUR 112.72 109.44 109.44
EUR 112.61 109.33 109.33
EUR 112.98 109.69 109.69
EUR 113.02 109.73 109.73
EUR 112.36 109.09 109.09
EUR 112.16 108.89 108.89
EUR 112.53 109.25 109.25
EUR 112.77 109.49 109.49
EUR 112.82 109.53 109.53
EUR 112.63 109.35 109.35
EUR 112.59 109.31 109.31
EUR 112.71 109.43 109.43
EUR 112.90 109.61 109.61
EUR 112.94 109.65 109.65
EUR 112.95 109.66 109.66
EUR 112.92 109.63 109.63
EUR 112.79 109.50 109.50
EUR 112.07 108.81 108.81
EUR 111.35 108.11 108.11
EUR 111.08 107.84 107.84
EUR 111.20 107.96 107.96
EUR 110.83 107.60 107.60
EUR 110.54 107.32 107.32
EUR 110.28 107.07 107.07
EUR 110.40 107.18 107.18
EUR 110.79 107.56 107.56
EUR 110.69 107.47 107.47
EUR 110.63 107.41 107.41
EUR 110.57 107.35 107.35
EUR 110.55 107.33 107.33
EUR 110.53 107.31 107.31
EUR 110.54 107.32 107.32
EUR 110.56 107.34 107.34
EUR 110.62 107.40 107.40
EUR 110.44 107.22 107.22
EUR 110.44 107.22 107.22
EUR 110.49 107.27 107.27
EUR 110.42 107.20 107.20
EUR 110.32 107.11 107.11
EUR 110.57 107.35 107.35
EUR 110.65 107.43 107.43
EUR 110.66 107.44 107.44
EUR 110.60 107.38 107.38
EUR 110.66 107.44 107.44
EUR 110.15 106.94 106.94
EUR 110.35 107.14 107.14
EUR 110.42 107.20 107.20
EUR 110.62 107.40 107.40
EUR 110.92 107.69 107.69
EUR 111.21 107.97 107.97
EUR 111.36 108.12 108.12
EUR 111.20 107.96 107.96
EUR 111.36 108.12 108.12
EUR 111.24 108.00 108.00
EUR 111.42 108.17 108.17
EUR 111.16 107.92 107.92
EUR 111.15 107.91 107.91
EUR 111.00 107.77 107.77
EUR 111.13 107.89 107.89
EUR 111.34 108.10 108.10
EUR 111.44 108.19 108.19
EUR 111.49 108.24 108.24
EUR 111.11 107.87 107.87
EUR 111.06 107.83 107.83
EUR 111.18 107.94 107.94
EUR 111.17 107.93 107.93
EUR 111.03 107.80 107.80
EUR 111.14 107.90 107.90
EUR 110.98 107.75 107.75
EUR 110.87 107.64 107.64
EUR 110.92 107.69 107.69
EUR 110.91 107.68 107.68
EUR 110.77 107.54 107.54
EUR 110.87 107.64 107.64
EUR 110.84 107.61 107.61
EUR 110.54 107.32 107.32
EUR 110.32 107.11 107.11
EUR 110.08 106.87 106.87
EUR 110.14 106.93 106.93
EUR 110.30 107.09 107.09
EUR 110.32 107.11 107.11
EUR 110.10 106.89 106.89
EUR 110.15 106.94 106.94
EUR 110.36 107.15 107.15
EUR 110.69 107.47 107.47
EUR 110.65 107.43 107.43
EUR 110.66 107.44 107.44
EUR 110.54 107.32 107.32
EUR 110.47 107.25 107.25
EUR 110.48 107.26 107.26
EUR 110.48 107.26 107.26
EUR 110.28 107.07 107.07
EUR 109.97 106.77 106.77
EUR 109.89 106.69 106.69
EUR 110.62 107.40 107.40
EUR 110.42 107.20 107.20
EUR 110.16 106.95 106.95
EUR 110.21 107.00 107.00
EUR 109.93 106.73 106.73
EUR 109.89 106.69 106.69
EUR 109.84 106.64 106.64
EUR 109.66 106.47 106.47
EUR 109.75 106.55 106.55
EUR 109.74 106.54 106.54
EUR 109.77 106.57 106.57
EUR 109.85 106.65 106.65
EUR 109.89 106.69 106.69
EUR 110.03 106.83 106.83
EUR 110.15 106.94 106.94
EUR 110.15 106.94 106.94
EUR 110.25 107.04 107.04
EUR 110.28 107.07 107.07
EUR 110.34 107.13 107.13
EUR 110.46 107.24 107.24
EUR 110.51 107.29 107.29
EUR 110.54 107.32 107.32
EUR 110.52 107.30 107.30
EUR 110.57 107.35 107.35
EUR 110.87 107.64 107.64
EUR 111.04 107.81 107.81
EUR 111.19 107.95 107.95
EUR 111.36 108.12 108.12
EUR 111.37 108.13 108.13
EUR 111.20 107.96 107.96
EUR 111.13 107.89 107.89
EUR 111.14 107.90 107.90
EUR 111.20 107.96 107.96
EUR 111.08 107.84 107.84
EUR 111.04 107.81 107.81
EUR 110.95 107.72 107.72
EUR 110.89 107.66 107.66
EUR 110.84 107.61 107.61
EUR 110.88 107.65 107.65
EUR 110.85 107.62 107.62
EUR 110.92 107.69 107.69
EUR 110.97 107.74 107.74
EUR 111.04 107.81 107.81
EUR 111.05 107.82 107.82
EUR 111.03 107.80 107.80
EUR 111.10 107.86 107.86
EUR 111.12 107.88 107.88
EUR 111.11 107.87 107.87
EUR 111.22 107.98 107.98
EUR 111.26 108.02 108.02
EUR 111.30 108.06 108.06
EUR 111.28 108.04 108.04
EUR 111.38 108.14 108.14
EUR 111.43 108.18 108.18
EUR 111.02 107.79 107.79
EUR 110.87 107.64 107.64
EUR 111.00 107.77 107.77
EUR 111.04 107.81 107.81
EUR 111.00 107.77 107.77
EUR 111.06 107.83 107.83
EUR 108.65 105.49 105.49
EUR 108.46 105.30 105.30
EUR 108.29 105.14 105.14
EUR 108.18 105.03 105.03
EUR 108.25 105.10 105.10
EUR 108.43 105.27 105.27
EUR 108.40 105.24 105.24
EUR 108.30 105.15 105.15
EUR 108.24 105.09 105.09
EUR 108.28 105.13 105.13
EUR 108.22 105.07 105.07
EUR 108.24 105.09 105.09
EUR 108.38 105.22 105.22
EUR 108.44 105.28 105.28
EUR 108.51 105.35 105.35
EUR 108.50 105.34 105.34
EUR 108.54 105.38 105.38
EUR 108.50 105.34 105.34
EUR 108.41 105.25 105.25
EUR 108.46 105.30 105.30
EUR 108.31 105.16 105.16
EUR 108.20 105.05 105.05
EUR 108.16 105.01 105.01
EUR 108.10 104.95 104.95
EUR 108.01 104.86 104.86
EUR 108.03 104.88 104.88
EUR 107.99 104.84 104.84
EUR 108.02 104.87 104.87
EUR 108.09 104.94 104.94
EUR 108.14 104.99 104.99
EUR 108.28 105.13 105.13
EUR 108.63 105.47 105.47
EUR 108.60 105.44 105.44
EUR 108.58 105.42 105.42
EUR 108.64 105.48 105.48
EUR 108.58 105.42 105.42
EUR 108.61 105.45 105.45
EUR 108.60 105.44 105.44
EUR 108.59 105.43 105.43
EUR 108.55 105.39 105.39
EUR 108.58 105.42 105.42
EUR 108.28 105.13 105.13
EUR 108.37 105.21 105.21
EUR 108.33 105.17 105.17
EUR 108.33 105.17 105.17
EUR 108.49 105.33 105.33
EUR 108.56 105.40 105.40
EUR 108.61 105.45 105.45
EUR 108.67 105.50 105.50
EUR 108.74 105.57 105.57
EUR 108.82 105.65 105.65
EUR 108.90 105.73 105.73
EUR 109.09 105.91 105.91
EUR 109.10 105.92 105.92
EUR 109.13 105.95 105.95
EUR 109.19 106.01 106.01
EUR 109.10 105.92 105.92
EUR 109.16 105.98 105.98
EUR 109.25 106.07 106.07
EUR 109.24 106.06 106.06
EUR 109.21 106.03 106.03
EUR 109.55 106.36 106.36
EUR 109.75 106.55 106.55
EUR 109.76 106.56 106.56
EUR 109.73 106.53 106.53
EUR 109.94 106.74 106.74
EUR 110.11 106.90 106.90
EUR 110.10 106.89 106.89
EUR 110.12 106.91 106.91
EUR 110.22 107.01 107.01
EUR 110.24 107.03 107.03
EUR 110.33 107.12 107.12
EUR 110.39 107.17 107.17
EUR 110.49 107.27 107.27
EUR 110.55 107.33 107.33
EUR 110.62 107.40 107.40
EUR 110.74 107.51 107.51
EUR 110.68 107.46 107.46
EUR 110.71 107.49 107.49
EUR 110.73 107.50 107.50
EUR 110.76 107.53 107.53
EUR 110.71 107.49 107.49
EUR 110.77 107.54 107.54
EUR 110.76 107.53 107.53
EUR 110.84 107.61 107.61
EUR 110.86 107.63 107.63
EUR 110.93 107.70 107.70
EUR 110.98 107.75 107.75
EUR 110.95 107.72 107.72
EUR 111.00 107.77 107.77
EUR 111.02 107.79 107.79
EUR 110.91 107.68 107.68
EUR 110.95 107.72 107.72
EUR 111.04 107.81 107.81
EUR 111.05 107.82 107.82
EUR 111.04 107.81 107.81
EUR 111.16 107.92 107.92
EUR 111.21 107.97 107.97
EUR 111.18 107.94 107.94
EUR 111.13 107.89 107.89
EUR 111.11 107.87 107.87
EUR 111.02 107.79 107.79
EUR 110.95 107.72 107.72
EUR 110.93 107.70 107.70
EUR 110.87 107.64 107.64
EUR 110.74 107.51 107.51
EUR 110.64 107.42 107.42
EUR 110.66 107.44 107.44
EUR 110.63 107.41 107.41
EUR 110.65 107.43 107.43
EUR 110.63 107.41 107.41
EUR 110.76 107.53 107.53
EUR 110.82 107.59 107.59
EUR 110.74 107.51 107.51
EUR 110.82 107.59 107.59
EUR 110.85 107.62 107.62
EUR 110.92 107.69 107.69
EUR 111.08 107.84 107.84
EUR 111.17 107.93 107.93
EUR 111.19 107.95 107.95
EUR 111.30 108.06 108.06
EUR 111.40 108.16 108.16
EUR 111.45 108.20 108.20
EUR 111.45 108.20 108.20
EUR 111.47 108.22 108.22
EUR 111.47 108.22 108.22
EUR 111.53 108.28 108.28
EUR 111.46 108.21 108.21
EUR 111.43 108.18 108.18
EUR 111.44 108.19 108.19
EUR 111.45 108.20 108.20
EUR 111.59 108.34 108.34
EUR 111.52 108.27 108.27
EUR 111.62 108.37 108.37
EUR 111.72 108.47 108.47
EUR 111.79 108.53 108.53
EUR 111.90 108.64 108.64
EUR 112.07 108.81 108.81
EUR 112.15 108.88 108.88
EUR 112.16 108.89 108.89
EUR 112.18 108.91 108.91
EUR 112.25 108.98 108.98
EUR 112.38 109.11 109.11
EUR 112.43 109.16 109.16
EUR 112.56 109.28 109.28
EUR 112.56 109.28 109.28
EUR 112.56 109.28 109.28
EUR 112.62 109.34 109.34
EUR 112.67 109.39 109.39
EUR 112.69 109.41 109.41
EUR 112.76 109.48 109.48
EUR 112.83 109.54 109.54
EUR 112.82 109.53 109.53
EUR 112.87 109.58 109.58
EUR 112.87 109.58 109.58
EUR 112.87 109.58 109.58
EUR 112.90 109.61 109.61
EUR 112.94 109.65 109.65
EUR 112.84 109.55 109.55
EUR 112.82 109.53 109.53
EUR 112.93 109.64 109.64
EUR 113.00 109.71 109.71
EUR 112.99 109.70 109.70
EUR 112.99 109.70 109.70
EUR 113.08 109.79 109.79
EUR 113.10 109.81 109.81
EUR 113.11 109.82 109.82
EUR 113.06 109.77 109.77
EUR 113.07 109.78 109.78
EUR 113.18 109.88 109.88
EUR 113.16 109.86 109.86
EUR 113.16 109.86 109.86
EUR 113.21 109.91 109.91
EUR 113.22 109.92 109.92
EUR 113.18 109.88 109.88
EUR 113.15 109.85 109.85
EUR 113.05 109.76 109.76
EUR 113.18 109.88 109.88
EUR 113.19 109.89 109.89
EUR 113.18 109.88 109.88
EUR 113.17 109.87 109.87
EUR 113.14 109.84 109.84
EUR 113.23 109.93 109.93
EUR 113.25 109.95 109.95
EUR 113.21 109.91 109.91
EUR 113.05 109.76 109.76
EUR 112.90 109.61 109.61
EUR 112.83 109.54 109.54
EUR 112.80 109.51 109.51
EUR 112.76 109.48 109.48
EUR 112.83 109.54 109.54
EUR 112.80 109.51 109.51
EUR 112.83 109.54 109.54
EUR 112.85 109.56 109.56
EUR 112.98 109.69 109.69
EUR 113.02 109.73 109.73
EUR 113.06 109.77 109.77
EUR 113.04 109.75 109.75
EUR 113.07 109.78 109.78
EUR 113.04 109.75 109.75
EUR 113.01 109.72 109.72
EUR 112.98 109.69 109.69
EUR 112.99 109.70 109.70
EUR 112.88 109.59 109.59
EUR 112.87 109.58 109.58
EUR 112.79 109.50 109.50
EUR 112.79 109.50 109.50
EUR 112.83 109.54 109.54
EUR 112.76 109.48 109.48
EUR 112.80 109.51 109.51
EUR 112.75 109.47 109.47
EUR 112.81 109.52 109.52
EUR 112.86 109.57 109.57
EUR 112.90 109.61 109.61
EUR 112.95 109.66 109.66
EUR 112.98 109.69 109.69
EUR 112.95 109.66 109.66
EUR 112.94 109.65 109.65
EUR 112.85 109.56 109.56
EUR 112.72 109.44 109.44
EUR 112.66 109.38 109.38
EUR 112.67 109.39 109.39
EUR 112.66 109.38 109.38
EUR 112.64 109.36 109.36
EUR 112.58 109.30 109.30
EUR 112.55 109.27 109.27
EUR 112.48 109.20 109.20
EUR 112.25 108.98 108.98
EUR 112.08 108.82 108.82
EUR 111.93 108.67 108.67
EUR 111.65 108.40 108.40
EUR 111.76 108.50 108.50
EUR 111.68 108.43 108.43
EUR 111.58 108.33 108.33
EUR 111.44 108.19 108.19
EUR 111.40 108.16 108.16
EUR 111.53 108.28 108.28
EUR 111.45 108.20 108.20
EUR 111.46 108.21 108.21
EUR 111.47 108.22 108.22
EUR 111.54 108.29 108.29
EUR 111.56 108.31 108.31
EUR 111.48 108.23 108.23
EUR 111.31 108.07 108.07
EUR 111.39 108.15 108.15
EUR 111.37 108.13 108.13
EUR 111.37 108.13 108.13
EUR 111.48 108.23 108.23
EUR 111.46 108.21 108.21
EUR 111.47 108.22 108.22
EUR 111.40 108.16 108.16
EUR 110.15 106.94 106.94
EUR 110.21 107.00 107.00
EUR 110.03 106.83 106.83
EUR 110.06 106.85 106.85
EUR 110.22 107.01 107.01
EUR 110.19 106.98 106.98
EUR 110.25 107.04 107.04
EUR 110.21 107.00 107.00
EUR 110.25 107.04 107.04
EUR 110.34 107.13 107.13
EUR 110.39 107.17 107.17
EUR 110.46 107.24 107.24
EUR 110.51 107.29 107.29
EUR 110.54 107.32 107.32
EUR 110.46 107.24 107.24
EUR 110.49 107.27 107.27
EUR 110.60 107.38 107.38
EUR 110.45 107.23 107.23
EUR 110.53 107.31 107.31
EUR 110.55 107.33 107.33
EUR 110.62 107.40 107.40
EUR 110.68 107.46 107.46
EUR 110.59 107.37 107.37
EUR 110.64 107.42 107.42
EUR 110.69 107.47 107.47
EUR 110.60 107.38 107.38
EUR 110.53 107.31 107.31
EUR 110.47 107.25 107.25
EUR 110.62 107.40 107.40
EUR 110.51 107.29 107.29
EUR 110.46 107.24 107.24
EUR 110.42 107.20 107.20
EUR 110.44 107.22 107.22
EUR 110.46 107.24 107.24
EUR 110.44 107.22 107.22
EUR 110.40 107.18 107.18
EUR 110.51 107.29 107.29
EUR 110.60 107.38 107.38
EUR 110.75 107.52 107.52
EUR 110.79 107.56 107.56
EUR 110.90 107.67 107.67
EUR 110.83 107.60 107.60
EUR 110.86 107.63 107.63
EUR 110.87 107.64 107.64
EUR 110.84 107.61 107.61
EUR 110.85 107.62 107.62
EUR 110.90 107.67 107.67
EUR 111.00 107.77 107.77
EUR 111.04 107.81 107.81
EUR 111.10 107.86 107.86
EUR 111.18 107.94 107.94
EUR 111.31 108.07 108.07
EUR 111.46 108.21 108.21
EUR 111.44 108.19 108.19
EUR 111.37 108.13 108.13
EUR 111.27 108.03 108.03
EUR 111.22 107.98 107.98
EUR 111.14 107.90 107.90
EUR 111.17 107.93 107.93
EUR 111.19 107.95 107.95
EUR 111.04 107.81 107.81
EUR 110.86 107.63 107.63
EUR 110.77 107.54 107.54
EUR 110.75 107.52 107.52
EUR 110.75 107.52 107.52
EUR 110.91 107.68 107.68
EUR 110.92 107.69 107.69
EUR 110.94 107.71 107.71
EUR 111.00 107.77 107.77
EUR 111.00 107.77 107.77
EUR 111.10 107.86 107.86
EUR 111.08 107.84 107.84
EUR 111.10 107.86 107.86
EUR 111.10 107.86 107.86
EUR 111.04 107.81 107.81
EUR 111.17 107.93 107.93
EUR 111.14 107.90 107.90
EUR 111.18 107.94 107.94
EUR 111.36 108.12 108.12
EUR 111.36 108.12 108.12
EUR 111.38 108.14 108.14
EUR 111.40 108.16 108.16
EUR 111.40 108.16 108.16
EUR 111.45 108.20 108.20
EUR 111.55 108.30 108.30
EUR 111.59 108.34 108.34
EUR 111.64 108.39 108.39
EUR 111.71 108.46 108.46
EUR 111.62 108.37 108.37
EUR 111.56 108.31 108.31
EUR 111.50 108.25 108.25
EUR 111.48 108.23 108.23
EUR 111.38 108.14 108.14
EUR 111.45 108.20 108.20
EUR 111.64 108.39 108.39
EUR 111.58 108.33 108.33
EUR 111.65 108.40 108.40
EUR 111.66 108.41 108.41
EUR 111.56 108.31 108.31
EUR 111.56 108.31 108.31
EUR 111.53 108.28 108.28
EUR 111.54 108.29 108.29
EUR 111.58 108.33 108.33
EUR 111.59 108.34 108.34
EUR 111.71 108.46 108.46
EUR 111.70 108.45 108.45
EUR 111.68 108.43 108.43
EUR 111.84 108.58 108.58
EUR 111.80 108.54 108.54
EUR 111.82 108.56 108.56
EUR 111.82 108.56 108.56
EUR 111.76 108.50 108.50
EUR 111.87 108.61 108.61
EUR 111.86 108.60 108.60
EUR 111.84 108.58 108.58
EUR 111.95 108.69 108.69
EUR 111.98 108.72 108.72
EUR 111.96 108.70 108.70
EUR 112.07 108.81 108.81
EUR 112.12 108.85 108.85
EUR 112.06 108.80 108.80
EUR 112.04 108.78 108.78
EUR 112.05 108.79 108.79
EUR 112.06 108.80 108.80
EUR 112.03 108.77 108.77
EUR 112.14 108.87 108.87
EUR 112.05 108.79 108.79
EUR 112.08 108.82 108.82
EUR 112.06 108.80 108.80
EUR 112.11 108.84 108.84
EUR 112.07 108.81 108.81
EUR 112.09 108.83 108.83
EUR 112.20 108.93 108.93
EUR 111.98 108.72 108.72
EUR 111.96 108.70 108.70
EUR 111.88 108.62 108.62
EUR 111.84 108.58 108.58
EUR 111.80 108.54 108.54
EUR 111.83 108.57 108.57
EUR 111.85 108.59 108.59
EUR 111.73 108.48 108.48
EUR 111.72 108.47 108.47
EUR 111.80 108.54 108.54
EUR 111.83 108.57 108.57
EUR 111.91 108.65 108.65
EUR 111.88 108.62 108.62
EUR 111.90 108.64 108.64
EUR 111.94 108.68 108.68
EUR 112.01 108.75 108.75
EUR 112.08 108.82 108.82
EUR 112.12 108.85 108.85
EUR 112.16 108.89 108.89
EUR 112.12 108.85 108.85
EUR 112.02 108.76 108.76
EUR 112.08 108.82 108.82
EUR 112.13 108.86 108.86
EUR 112.11 108.84 108.84
EUR 112.09 108.83 108.83
EUR 112.21 108.94 108.94
EUR 112.21 108.94 108.94
EUR 112.31 109.04 109.04
EUR 112.33 109.06 109.06
EUR 112.36 109.09 109.09
EUR 112.38 109.11 109.11
EUR 112.41 109.14 109.14
EUR 112.37 109.10 109.10
EUR 112.37 109.10 109.10
EUR 112.25 108.98 108.98
EUR 112.28 109.01 109.01
EUR 112.35 109.08 109.08
EUR 112.37 109.10 109.10
EUR 112.36 109.09 109.09
EUR 112.38 109.11 109.11
EUR 112.41 109.14 109.14
EUR 112.29 109.02 109.02
EUR 112.31 109.04 109.04
EUR 112.30 109.03 109.03
EUR 112.38 109.11 109.11
EUR 112.35 109.08 109.08
EUR 112.35 109.08 109.08
EUR 112.31 109.04 109.04
EUR 112.31 109.04 109.04
EUR 112.39 109.12 109.12
EUR 112.36 109.09 109.09
EUR 112.40 109.13 109.13
EUR 112.42 109.15 109.15
EUR 112.37 109.10 109.10
EUR 112.29 109.02 109.02
EUR 112.25 108.98 108.98
EUR 112.21 108.94 108.94
EUR 112.17 108.90 108.90
EUR 112.17 108.90 108.90
EUR 112.18 108.91 108.91
EUR 112.20 108.93 108.93
EUR 112.17 108.90 108.90
EUR 112.20 108.93 108.93
EUR 112.27 109.00 109.00
EUR 112.26 108.99 108.99
EUR 112.17 108.90 108.90
EUR 112.15 108.88 108.88
EUR 112.19 108.92 108.92
EUR 112.23 108.96 108.96
EUR 112.26 108.99 108.99
EUR 112.27 109.00 109.00
EUR 112.25 108.98 108.98
EUR 112.19 108.92 108.92
EUR 112.24 108.97 108.97
EUR 112.28 109.01 109.01
EUR 112.28 109.01 109.01
EUR 112.39 109.12 109.12
EUR 112.50 109.22 109.22
EUR 112.56 109.28 109.28
EUR 112.54 109.26 109.26
EUR 112.53 109.25 109.25
EUR 112.51 109.23 109.23
EUR 112.43 109.16 109.16
EUR 112.49 109.21 109.21
EUR 112.40 109.13 109.13
EUR 112.31 109.04 109.04
EUR 112.41 109.14 109.14
EUR 112.59 109.31 109.31
EUR 112.66 109.38 109.38
EUR 112.79 109.50 109.50
EUR 112.76 109.48 109.48
EUR 112.79 109.50 109.50
EUR 112.87 109.58 109.58
EUR 112.82 109.53 109.53
EUR 112.76 109.48 109.48
EUR 112.63 109.35 109.35
EUR 112.54 109.26 109.26
EUR 112.51 109.23 109.23
EUR 112.52 109.24 109.24
EUR 112.47 109.19 109.19
EUR 112.49 109.21 109.21
EUR 112.50 109.22 109.22
EUR 112.45 109.17 109.17
EUR 112.51 109.23 109.23
EUR 112.54 109.26 109.26
EUR 112.56 109.28 109.28
EUR 112.57 109.29 109.29
EUR 112.62 109.34 109.34
EUR 112.66 109.38 109.38
EUR 112.56 109.28 109.28
EUR 112.55 109.27 109.27
EUR 112.62 109.34 109.34
EUR 112.61 109.33 109.33
EUR 112.69 109.41 109.41
EUR 112.73 109.45 109.45
EUR 112.73 109.45 109.45
EUR 111.97 108.71 108.71
EUR 111.97 108.71 108.71
EUR 111.96 108.70 108.70
EUR 111.98 108.72 108.72
EUR 111.98 108.72 108.72
EUR 111.96 108.70 108.70
EUR 111.93 108.67 108.67
EUR 111.80 108.54 108.54
EUR 111.71 108.46 108.46
EUR 111.67 108.42 108.42
EUR 111.64 108.39 108.39
EUR 111.76 108.50 108.50
EUR 111.65 108.40 108.40
EUR 111.54 108.29 108.29
EUR 111.54 108.29 108.29
EUR 111.61 108.36 108.36
EUR 111.61 108.36 108.36
EUR 111.64 108.39 108.39
EUR 111.69 108.44 108.44
EUR 111.63 108.38 108.38
EUR 111.57 108.32 108.32
EUR 111.44 108.19 108.19
EUR 111.39 108.15 108.15
EUR 111.40 108.16 108.16
EUR 111.47 108.22 108.22
EUR 111.48 108.23 108.23
EUR 111.43 108.18 108.18
EUR 111.44 108.19 108.19
EUR 111.43 108.18 108.18
EUR 109.32 108.24 108.24
EUR 109.28 108.20 108.20
EUR 109.22 108.14 108.14
EUR 109.16 108.08 108.08
EUR 109.03 107.95 107.95
EUR 109.04 107.96 107.96
EUR 109.04 107.96 107.96
EUR 109.00 107.92 107.92
EUR 108.82 107.74 107.74
EUR 108.83 107.75 107.75
EUR 108.75 107.67 107.67
EUR 108.85 107.77 107.77
EUR 108.61 107.53 107.53
EUR 108.32 107.25 107.25
EUR 108.44 107.37 107.37
EUR 108.25 107.18 107.18
EUR 108.24 107.17 107.17
EUR 108.34 107.27 107.27
EUR 108.60 107.52 107.52
EUR 108.52 107.45 107.45
EUR 108.58 107.50 107.50
EUR 108.56 107.49 107.49
EUR 108.54 107.47 107.47
EUR 108.59 107.51 107.51
EUR 108.71 107.63 107.63
EUR 108.59 107.51 107.51
EUR 108.59 107.51 107.51
EUR 108.45 107.38 107.38
EUR 108.22 107.15 107.15
EUR 108.26 107.19 107.19
EUR 108.29 107.22 107.22
EUR 108.33 107.26 107.26
EUR 108.53 107.46 107.46
EUR 108.59 107.51 107.51
EUR 108.63 107.55 107.55
EUR 108.52 107.45 107.45
EUR 108.49 107.42 107.42
EUR 108.46 107.39 107.39
EUR 108.50 107.43 107.43
EUR 108.29 107.22 107.22
EUR 108.25 107.18 107.18
EUR 108.25 107.18 107.18
EUR 108.15 107.08 107.08
EUR 107.98 106.91 106.91
EUR 107.87 106.80 106.80
EUR 108.03 106.96 106.96
EUR 108.06 106.99 106.99
EUR 108.22 107.15 107.15
EUR 108.19 107.12 107.12
EUR 108.18 107.11 107.11
EUR 108.40 107.33 107.33
EUR 108.49 107.42 107.42
EUR 108.48 107.41 107.41
EUR 108.58 107.50 107.50
EUR 108.61 107.53 107.53
EUR 108.70 107.62 107.62
EUR 108.77 107.69 107.69
EUR 108.75 107.67 107.67
EUR 108.95 107.87 107.87
EUR 108.82 107.74 107.74
EUR 108.50 107.43 107.43
EUR 108.50 107.43 107.43
EUR 108.44 107.37 107.37
EUR 108.42 107.35 107.35
EUR 108.30 107.23 107.23
EUR 108.55 107.48 107.48
EUR 108.69 107.61 107.61
EUR 108.73 107.65 107.65
EUR 108.75 107.67 107.67
EUR 108.71 107.63 107.63
EUR 108.71 107.63 107.63
EUR 108.78 107.70 107.70
EUR 108.70 107.62 107.62
EUR 108.74 107.66 107.66
EUR 108.72 107.64 107.64
EUR 108.65 107.57 107.57
EUR 108.52 107.45 107.45
EUR 108.52 107.45 107.45
EUR 108.54 107.47 107.47
EUR 108.62 107.54 107.54
EUR 108.55 107.48 107.48
EUR 108.53 107.46 107.46
EUR 108.51 107.44 107.44
EUR 108.64 107.56 107.56
EUR 108.76 107.68 107.68
EUR 108.87 107.79 107.79
EUR 108.73 107.65 107.65
EUR 108.70 107.62 107.62
EUR 108.75 107.67 107.67
EUR 108.75 107.67 107.67
EUR 108.85 107.77 107.77
EUR 108.50 107.43 107.43
EUR 108.43 107.36 107.36
EUR 108.43 107.36 107.36
EUR 108.41 107.34 107.34
EUR 108.46 107.39 107.39
EUR 108.45 107.38 107.38
EUR 108.90 107.82 107.82
EUR 108.96 107.88 107.88
EUR 108.90 107.82 107.82
EUR 108.89 107.81 107.81
EUR 108.84 107.76 107.76
EUR 108.71 107.63 107.63
EUR 108.78 107.70 107.70
EUR 108.42 107.35 107.35
EUR 108.27 107.20 107.20
EUR 108.27 107.20 107.20
EUR 108.12 107.05 107.05
EUR 108.21 107.14 107.14
EUR 108.11 107.04 107.04
EUR 108.25 107.18 107.18
EUR 108.31 107.24 107.24
EUR 108.50 107.43 107.43
EUR 108.64 107.56 107.56
EUR 108.77 107.69 107.69
EUR 108.94 107.86 107.86
EUR 108.76 107.68 107.68
EUR 108.95 107.87 107.87
EUR 109.05 107.97 107.97
EUR 109.02 107.94 107.94
EUR 109.08 108.00 108.00
EUR 109.14 108.06 108.06
EUR 109.13 108.05 108.05
EUR 109.04 107.96 107.96
EUR 108.88 107.80 107.80
EUR 109.01 107.93 107.93
EUR 109.08 108.00 108.00
EUR 109.15 108.07 108.07
EUR 109.25 108.17 108.17
EUR 109.10 108.02 108.02
EUR 109.14 108.06 108.06
EUR 109.11 108.03 108.03
EUR 109.13 108.05 108.05
EUR 109.24 108.16 108.16
EUR 109.33 108.25 108.25
EUR 109.32 108.24 108.24
EUR 109.28 108.20 108.20
EUR 109.37 108.29 108.29
EUR 109.33 108.25 108.25
EUR 109.21 108.13 108.13
EUR 109.06 107.98 107.98
EUR 108.97 107.89 107.89
EUR 109.05 107.97 107.97
EUR 109.09 108.01 108.01
EUR 109.11 108.03 108.03
EUR 109.10 108.02 108.02
EUR 109.02 107.94 107.94
EUR 109.04 107.96 107.96
EUR 109.10 108.02 108.02
EUR 108.97 107.89 107.89
EUR 108.96 107.88 107.88
EUR 108.93 107.85 107.85
EUR 108.81 107.73 107.73
EUR 108.70 107.62 107.62
EUR 108.52 107.45 107.45
EUR 108.31 107.24 107.24
EUR 108.28 107.21 107.21
EUR 108.34 107.27 107.27
EUR 108.37 107.30 107.30
EUR 108.42 107.35 107.35
EUR 108.50 107.43 107.43
EUR 108.50 107.43 107.43
EUR 108.55 107.48 107.48
EUR 108.53 107.46 107.46
EUR 108.59 107.51 107.51
EUR 108.69 107.61 107.61
EUR 108.72 107.64 107.64
EUR 108.77 107.69 107.69
EUR 108.52 107.45 107.45
EUR 108.45 107.38 107.38
EUR 108.46 107.39 107.39
EUR 108.54 107.47 107.47
EUR 108.50 107.43 107.43
EUR 108.65 107.57 107.57
EUR 108.76 107.68 107.68
EUR 108.73 107.65 107.65
EUR 108.49 107.42 107.42
EUR 108.31 107.24 107.24
EUR 108.20 107.13 107.13
EUR 108.07 107.00 107.00
EUR 107.84 106.77 106.77
EUR 107.71 106.64 106.64
EUR 107.86 106.79 106.79
EUR 107.82 106.75 106.75
EUR 107.96 106.89 106.89
EUR 108.01 106.94 106.94
EUR 108.02 106.95 106.95
EUR 107.79 106.72 106.72
EUR 107.77 106.70 106.70
EUR 107.62 106.55 106.55
EUR 107.53 106.47 106.47
EUR 107.42 106.36 106.36
EUR 107.40 106.34 106.34
EUR 107.36 106.30 106.30
EUR 107.40 106.34 106.34
EUR 107.79 106.72 106.72
EUR 107.85 106.78 106.78
EUR 107.76 106.69 106.69
EUR 107.72 106.65 106.65
EUR 107.82 106.75 106.75
EUR 107.78 106.71 106.71
EUR 107.65 106.58 106.58
EUR 107.50 106.44 106.44
EUR 107.38 106.32 106.32
EUR 107.33 106.27 106.27
EUR 107.11 106.05 106.05
EUR 106.90 105.84 105.84
EUR 106.60 105.54 105.54
EUR 106.17 105.12 105.12
EUR 106.45 105.40 105.40
EUR 106.44 105.39 105.39
EUR 106.47 105.42 105.42
EUR 106.59 105.53 105.53
EUR 106.47 105.42 105.42
EUR 106.52 105.47 105.47
EUR 106.40 105.35 105.35
EUR 106.27 105.22 105.22
EUR 106.51 105.46 105.46
EUR 106.32 105.27 105.27
EUR 105.98 104.93 104.93
EUR 105.57 104.52 104.52
EUR 105.68 104.63 104.63
EUR 105.37 104.33 104.33
EUR 105.52 104.48 104.48
EUR 105.84 104.79 104.79
EUR 106.20 105.15 105.15
EUR 106.16 105.11 105.11
EUR 105.99 104.94 104.94
EUR 105.93 104.88 104.88
EUR 105.66 104.61 104.61
EUR 105.43 104.39 104.39
EUR 105.40 104.36 104.36
EUR 105.40 104.36 104.36
EUR 105.51 104.47 104.47
EUR 105.56 104.51 104.51
EUR 105.21 104.17 104.17
EUR 105.37 104.33 104.33
EUR 105.39 104.35 104.35
EUR 105.64 104.59 104.59
EUR 105.97 104.92 104.92
EUR 105.94 104.89 104.89
EUR 106.13 105.08 105.08
EUR 105.94 104.89 104.89
EUR 106.05 105.00 105.00
EUR 106.37 105.32 105.32
EUR 106.43 105.38 105.38
EUR 106.87 105.81 105.81
EUR 106.88 105.82 105.82
EUR 106.84 105.78 105.78
EUR 106.87 105.81 105.81
EUR 107.08 106.02 106.02
EUR 107.28 106.22 106.22
EUR 107.29 106.23 106.23
EUR 107.36 106.30 106.30
EUR 107.65 106.58 106.58
EUR 108.13 107.06 107.06
EUR 108.15 107.08 107.08
EUR 108.23 107.16 107.16
EUR 108.58 107.50 107.50
EUR 108.73 107.65 107.65
EUR 108.52 107.45 107.45
EUR 108.51 107.44 107.44
EUR 108.42 107.35 107.35
EUR 108.50 107.43 107.43
EUR 108.61 107.53 107.53
EUR 108.60 107.52 107.52
EUR 108.82 107.74 107.74
EUR 108.84 107.76 107.76
EUR 108.90 107.82 107.82
EUR 109.00 107.92 107.92
EUR 108.88 107.80 107.80
EUR 108.93 107.85 107.85
EUR 108.93 107.85 107.85
EUR 109.03 107.95 107.95
EUR 109.05 107.97 107.97
EUR 109.05 107.97 107.97
EUR 109.21 108.13 108.13
EUR 109.34 108.26 108.26
EUR 109.35 108.27 108.27
EUR 109.28 108.20 108.20
EUR 109.36 108.28 108.28
EUR 109.39 108.31 108.31
EUR 109.46 108.38 108.38
EUR 109.59 108.50 108.50
EUR 109.69 108.60 108.60
EUR 109.74 108.65 108.65
EUR 109.86 108.77 108.77
EUR 109.93 108.84 108.84
EUR 110.08 108.99 108.99
EUR 110.02 108.93 108.93
EUR 110.13 109.04 109.04
EUR 110.23 109.14 109.14
EUR 110.20 109.11 109.11
EUR 110.25 109.16 109.16
EUR 110.38 109.29 109.29
EUR 110.23 109.14 109.14
EUR 110.27 109.18 109.18
EUR 110.39 109.30 109.30
EUR 110.45 109.36 109.36
EUR 110.43 109.34 109.34
EUR 110.48 109.39 109.39
EUR 110.47 109.38 109.38
EUR 110.45 109.36 109.36
EUR 110.47 109.38 109.38
EUR 110.58 109.49 109.49
EUR 110.56 109.47 109.47
EUR 110.51 109.42 109.42
EUR 110.58 109.49 109.49
EUR 110.61 109.51 109.51
EUR 110.63 109.53 109.53
EUR 110.76 109.66 109.66
EUR 110.77 109.67 109.67
EUR 110.86 109.76 109.76
EUR 110.83 109.73 109.73
EUR 110.88 109.78 109.78
EUR 110.90 109.80 109.80
EUR 110.92 109.82 109.82
EUR 110.92 109.82 109.82
EUR 110.87 109.77 109.77
EUR 110.91 109.81 109.81
EUR 110.92 109.82 109.82
EUR 110.72 109.62 109.62
EUR 110.74 109.64 109.64
EUR 110.70 109.60 109.60
EUR 110.76 109.66 109.66
EUR 110.79 109.69 109.69
EUR 110.82 109.72 109.72
EUR 110.80 109.70 109.70
EUR 110.68 109.58 109.58
EUR 110.67 109.57 109.57
EUR 110.64 109.54 109.54
EUR 110.56 109.47 109.47
EUR 110.53 109.44 109.44
EUR 110.57 109.48 109.48
EUR 110.57 109.48 109.48
EUR 110.57 109.48 109.48
EUR 110.63 109.53 109.53
EUR 110.60 109.50 109.50
EUR 110.82 109.72 109.72
EUR 110.94 109.84 109.84
EUR 110.93 109.83 109.83
EUR 110.97 109.87 109.87
EUR 111.02 109.92 109.92
EUR 111.04 109.94 109.94
EUR 111.11 110.01 110.01
EUR 111.12 110.02 110.02
EUR 111.06 109.96 109.96
EUR 111.38 110.28 110.28
EUR 111.46 110.36 110.36
EUR 111.63 110.52 110.52
EUR 111.55 110.45 110.45
EUR 111.64 110.53 110.53
EUR 111.65 110.54 110.54
EUR 111.61 110.50 110.50
EUR 111.69 110.58 110.58
EUR 111.75 110.64 110.64
EUR 111.78 110.67 110.67
EUR 111.84 110.73 110.73
EUR 111.99 110.88 110.88
EUR 112.11 111.00 111.00
EUR 112.06 110.95 110.95
EUR 111.98 110.87 110.87
EUR 111.89 110.78 110.78
EUR 111.89 110.78 110.78
EUR 111.88 110.77 110.77
EUR 111.90 110.79 110.79
EUR 111.93 110.82 110.82
EUR 112.00 110.89 110.89
EUR 112.05 110.94 110.94
EUR 111.99 110.88 110.88
EUR 112.06 110.95 110.95
EUR 112.06 110.95 110.95
EUR 112.12 111.01 111.01
EUR 112.17 111.06 111.06
EUR 112.14 111.03 111.03
EUR 112.06 110.95 110.95
EUR 112.07 110.96 110.96
EUR 111.99 110.88 110.88
EUR 112.06 110.95 110.95
EUR 112.04 110.93 110.93
EUR 112.07 110.96 110.96
EUR 111.97 110.86 110.86
EUR 111.94 110.83 110.83
EUR 111.93 110.82 110.82
EUR 112.08 110.97 110.97
EUR 112.07 110.96 110.96
EUR 112.05 110.94 110.94
EUR 112.03 110.92 110.92
EUR 112.20 111.09 111.09
EUR 112.41 111.30 111.30
EUR 112.32 111.21 111.21
EUR 112.19 111.08 111.08
EUR 112.15 111.04 111.04
EUR 112.12 111.01 111.01
EUR 112.08 110.97 110.97
EUR 112.05 110.94 110.94
EUR 112.08 110.97 110.97
EUR 112.08 110.97 110.97
EUR 112.19 111.08 111.08
EUR 112.29 111.18 111.18
EUR 112.35 111.24 111.24
EUR 112.20 111.09 111.09
EUR 112.32 111.21 111.21
EUR 112.43 111.32 111.32
EUR 112.40 111.29 111.29
EUR 112.54 111.43 111.43
EUR 112.52 111.41 111.41
EUR 112.45 111.34 111.34
EUR 112.16 111.05 111.05
EUR 112.36 111.25 111.25
EUR 112.36 111.25 111.25
EUR 112.34 111.23 111.23
EUR 112.30 111.19 111.19
EUR 112.27 111.16 111.16
EUR 112.16 111.05 111.05
EUR 112.14 111.03 111.03
EUR 112.15 111.04 111.04
EUR 112.13 111.02 111.02
EUR 112.15 111.04 111.04
EUR 112.23 111.12 111.12
EUR 112.25 111.14 111.14
EUR 112.23 111.12 111.12
EUR 112.28 111.17 111.17
EUR 112.19 111.08 111.08
EUR 112.30 111.19 111.19
EUR 112.28 111.17 111.17
EUR 112.24 111.13 111.13
EUR 112.16 111.05 111.05
EUR 112.16 111.05 111.05
EUR 112.27 111.16 111.16
EUR 112.25 111.14 111.14
EUR 112.31 111.20 111.20
EUR 112.31 111.20 111.20
EUR 112.34 111.23 111.23

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).
  • Risk is broadly diversified by investing in a range of asset classes (e.g. equities, bonds, convertible bonds etc.) Market potential can be exploited by investing across a wide range.

Risks

  • The securities in which the Management Company invests the sub-fund assets present opportunities for gain but also the possibility of risk. If a sub-fund invests directly or indirectly in securities and other assets, it is subject to many general trends and tendencies, which are sometimes attributable to irrational factors on the markets particularly on the securities markets. Losses can occur when the market value of the assets decreases as against the cost price. If a unitholder sells units of the sub-fund at a time at which the value of assets in the sub-fund has decreased compared with the time of the unit purchase, he will not receive the full amount he has invested in the sub-fund. Despite the fact that each sub-fund aspires constant growth, this cannot be guaranteed.
  • 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).

Information regarding use and limited distribution


The information on this website is intended exclusively for investors resident or domiciled in Switzerland. It is not intended for publication, use, or distribution to or by any person in a country other than Switzerland. In particular, this information is not intended for distribution 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 information regarding collective investment schemes on the following pages are limited to foreign collective investment schemes which have been approved by the Swiss Financial Market Supervisory Authority FINMA (“FINMA”) for distribution in or from Switzerland to non-qualified investors.

The content provided is for informational purposes only and does not constitute an offer or recommendation.