Flossbach von Storch - Multiple Opportunities II RT

The fund pursues an active investment approach. The fund manager can invest in any investment classes that, in his opinion, appear to be attractive in the relevant capital market environment. The basic principle for asset allocation is an idiosyncratic, independent view of the world that is modelled from economic, political and demographic parameters and is under constant review. A thorough company analysis is performed to assess whether an individual investment is attractive. A determining factor for each investment decision is the risk/ reward ratio. The potential for yield must considerably overcompensate for any risks of loss. The portfolio structure, and thus the fund’s risk/reward profile, is aligned to the five Flossbach von Storch pentagram pillars, particularly the diversification principle. The fund is deliberately not oriented to any index index. The main aim is to make attractive yields on a permanent basis. 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.


Valor number:23835192
ISIN:LU1038809395
Authorised for distribution:AT, BE, CH, DE, LI, LU, PT
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
Fund currency:EUR
Launch date:3 April 2014
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:16 July 2020
Fund assets:10,018,418,103.02 EUR
NAV:150.46 EUR
Redemption price:150.46 EUR
Issue price*:157.98 EUR
TID:0.0000 (as at 30 November 2017)
Issue surcharge:up to 5.00%

* incl. max. issue surcharge 5.00%

Source: Custodian bank / Paying agent

Annual performance (EUR, in %, As at: 16.07.2020)

 

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, in %, As at: 16.07.2020)

 

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, in %, As at: 16.07.2020)

 16.07.202030.06.2020
YTD0.34%-2.83%
1 year5.95%4.10%
3 years18.65%14.57%
5 years26.03%26.12%
1 year p.a.6.83%4.09%
3 years p.a.5.86%4.63%
5 years p.a.4.73%4.75%
since launch (03.04.2014)50.46%45.71%

 

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: 16.07.2020)

 2020201920182017201620152014
Jan1.30%4.42%0.76%0.34%-5.38%5.76%
Feb-2.69%2.77%-2.33%2.71%4.08%2.66%
Mar-6.68%2.27%-1.93%0.16%1.84%1.34%
Apr6.17%2.29%1.46%0.21%0.36%-0.61%0.37%
May-0.91%-2.70%2.09%0.45%0.18%0.58%0.73%
Jun0.40%2.56%-1.80%-1.65%0.61%-4.20%0.64%
Jul3.26%2.10%2.84%-1.53%3.43%3.19%0.75%
Aug0.29%-0.47%0.23%0.04%-4.96%1.53%
Sep0.72%-0.26%1.98%-1.38%-3.72%0.64%
Oct0.62%-1.09%1.69%-0.95%9.75%0.12%
Nov1.96%0.81%0.41%-0.89%0.62%3.19%
Dec1.26%-5.04%0.73%3.11%-1.40%1.29%
Current year to 30.06.2020-2.83%20.02%-5.11%5.79%4.79%8.34%9.63%
Current year to 16.07.20200.34%20.02%-5.11%5.79%4.79%8.34%9.63%

 

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

Strategy breakdown (As at: 30.06.2020)

Equities (after hedging)67.30 %
Equity hedges (futures)5.67 %
Bonds6.78 %
Convertible bonds0.19 %
Gold (indirect)9.96 %
Cash10.19 %
Other (incl. derivatives)-0.10 %

Source: Depositary and Flossbach von Storch

Top 10 equity holdings (As at: 30.06.2020)

NESTLE5.19 %
RECKITT BENCKISER GROUP4.42 %
UNILEVER3.99 %
BARRICK GOLD3.69 %
ALPHABET - CLASS A3.07 %
3M2.95 %
FACEBOOK2.91 %
BASF2.77 %
ALIBABA GROUP ADR2.69 %
JOHNSON & JOHNSON2.36 %

 Source: Depositary and Flossbach von Storch

Top 10 sectors for equities (As at: 30.06.2020)

Food, Beverage & Tobacco13.58 %
Media & Entertainment13.42 %
Household & Personal Products12.92 %
Materials12.65 %
Capital Goods10.71 %
Pharmaceuticals, Biotechnology & Life Sciences9.48 %
Software & Services6.23 %
Retailing5.42 %
Telecommunication Services3.83 %
Diversified Financials3.11 %

 Source: Depositary and Flossbach von Storch

Top 10 countries for equities  (As at: 30.06.2020)

USA42.31 %
Germany13.30 %
Switzerland10.75 %
United Kingdom8.32 %
Canada6.05 %
Netherlands5.47 %
China3.69 %
Denmark3.06 %
Israel1.84 %
France1.80 %

Currency after hedging (As at: 30.06.2020)

EUR49.24 %
USD32.07 %
CHF7.91 %
GBP6.10 %
DKK2.23 %
JPY1.01 %
HKD0.94 %
INR0.33 %
CAD0.18 %

Source: Depositary and Flossbach von Storch

Other key figures (As at: 30.06.2020)

Sharpe Ratio a0,77
Value at Risk (VaR) b-6,97%
Volatility c10,94%
Maximum drawdown d-15,48%

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 atShare class currencyIssue priceRedemption priceNAV
EUR105.00100.00100.00
EUR105.15100.14100.14
EUR105.06100.06100.06
EUR104.5699.5899.58
EUR104.6599.6799.67
EUR104.8299.8399.83
EUR104.3399.3699.36
EUR103.9298.9798.97
EUR104.7099.7199.71
EUR104.7499.7599.75
EUR105.34100.32100.32
EUR105.33100.31100.31
EUR105.24100.23100.23
EUR105.18100.17100.17
EUR105.11100.10100.10
EUR105.26100.25100.25
EUR105.18100.17100.17
EUR105.39100.37100.37
EUR105.44100.42100.42
EUR105.44100.42100.42
EUR105.33100.31100.31
EUR105.05100.05100.05
EUR104.9299.9299.92
EUR105.13100.12100.12
EUR105.76100.72100.72
EUR106.01100.96100.96
EUR106.35101.29101.29
EUR106.41101.34101.34
EUR106.08101.03101.03
EUR106.06101.01101.01
EUR106.07101.02101.02
EUR105.78100.74100.74
EUR105.72100.69100.69
EUR105.96100.91100.91
EUR106.10101.05101.05
EUR106.03100.98100.98
EUR106.16101.10101.10
EUR106.16101.10101.10
EUR106.10101.05101.05
EUR106.31101.25101.25
EUR106.13101.08101.08
EUR106.27101.21101.21
EUR106.47101.40101.40
EUR106.55101.48101.48
EUR106.92101.83101.83
EUR106.82101.73101.73
EUR106.67101.59101.59
EUR106.66101.58101.58
EUR106.30101.24101.24
EUR106.58101.50101.50
EUR106.68101.60101.60
EUR107.13102.03102.03
EUR107.30102.19102.19
EUR107.11102.01102.01
EUR106.79101.70101.70
EUR106.86101.77101.77
EUR106.84101.75101.75
EUR106.63101.55101.55
EUR107.24102.13102.13
EUR107.34102.23102.23
EUR108.22103.07103.07
EUR108.20103.05103.05
EUR107.90102.76102.76
EUR107.42102.30102.30
EUR107.65102.52102.52
EUR107.42102.30102.30
EUR107.54102.42102.42
EUR107.60102.48102.48
EUR107.29102.18102.18
EUR107.70102.57102.57
EUR107.47102.35102.35
EUR107.47102.35102.35
EUR107.33102.22102.22
EUR107.92102.78102.78
EUR108.07102.92102.92
EUR107.94102.80102.80
EUR107.61102.49102.49
EUR107.67102.54102.54
EUR107.71102.58102.58
EUR107.64102.51102.51
EUR106.44101.37101.37
EUR105.92100.88100.88
EUR105.77100.73100.73
EUR106.01100.96100.96
EUR106.04100.99100.99
EUR105.89100.85100.85
EUR105.66100.63100.63
EUR106.41101.34101.34
EUR106.34101.28101.28
EUR106.62101.54101.54
EUR106.81101.72101.72
EUR107.50102.38102.38
EUR108.08102.93102.93
EUR108.26103.10103.10
EUR108.49103.32103.32
EUR108.63103.46103.46
EUR109.21104.01104.01
EUR109.48104.27104.27
EUR109.49104.28104.28
EUR109.28104.08104.08
EUR109.37104.16104.16
EUR109.68104.46104.46
EUR109.61104.39104.39
EUR109.69104.47104.47
EUR110.74105.47105.47
EUR110.46105.20105.20
EUR110.44105.18105.18
EUR110.26105.01105.01
EUR110.22104.97104.97
EUR110.11104.87104.87
EUR110.09104.85104.85
EUR110.10104.86104.86
EUR110.23104.98104.98
EUR110.11104.87104.87
EUR110.53105.27105.27
EUR110.69105.42105.42
EUR110.53105.27105.27
EUR109.73104.50104.50
EUR110.27105.02105.02
EUR109.84104.61104.61
EUR110.07104.83104.83
EUR109.99104.75104.75
EUR110.39105.13105.13
EUR109.85104.62104.62
EUR108.89103.70103.70
EUR109.76104.53104.53
EUR109.80104.57104.57
EUR108.73103.55103.55
EUR108.73103.55103.55
EUR108.11102.96102.96
EUR107.42102.30102.30
EUR106.62101.54101.54
EUR106.54101.47101.47
EUR105.22100.21100.21
EUR104.5999.6199.61
EUR106.00100.95100.95
EUR106.54101.47101.47
EUR107.65102.52102.52
EUR108.18103.03103.03
EUR108.62103.45103.45
EUR108.81103.63103.63
EUR108.56103.39103.39
EUR109.11103.91103.91
EUR109.38104.17104.17
EUR110.12104.88104.88
EUR111.49106.18106.18
EUR111.02105.73105.73
EUR110.46105.20105.20
EUR111.37106.07106.07
EUR111.54106.23106.23
EUR111.54106.23106.23
EUR111.84106.51106.51
EUR112.07106.73106.73
EUR111.72106.40106.40
EUR111.90106.57106.57
EUR111.80106.48106.48
EUR112.10106.76106.76
EUR112.39107.04107.04
EUR112.29106.94106.94
EUR112.47107.11107.11
EUR113.74108.32108.32
EUR113.61108.20108.20
EUR113.44108.04108.04
EUR113.13107.74107.74
EUR113.64108.23108.23
EUR113.85108.43108.43
EUR113.61108.20108.20
EUR114.08108.65108.65
EUR114.72109.26109.26
EUR113.95108.52108.52
EUR114.98109.50109.50
EUR114.58109.12109.12
EUR113.79108.37108.37
EUR113.07107.69107.69
EUR113.53108.12108.12
EUR111.71106.39106.39
EUR111.06105.77105.77
EUR110.79105.51105.51
EUR111.53106.22106.22
EUR113.96108.53108.53
EUR114.23108.79108.79
EUR114.53109.08109.08
EUR115.23109.74109.74
EUR115.11109.63109.63
EUR114.84109.37109.37
EUR114.96109.49109.49
EUR114.48109.03109.03
EUR113.67108.26108.26
EUR114.86109.39109.39
EUR116.63111.08111.08
EUR115.90110.38110.38
EUR116.57111.02111.02
EUR117.19111.61111.61
EUR116.40110.86110.86
EUR118.67113.02113.02
EUR119.55113.86113.86
EUR119.06113.39113.39
EUR119.77114.07114.07
EUR119.79114.09114.09
EUR121.56115.77115.77
EUR123.33117.46117.46
EUR122.93117.08117.08
EUR121.74115.94115.94
EUR121.72115.92115.92
EUR121.75115.95115.95
EUR121.50115.71115.71
EUR121.59115.80115.80
EUR120.96115.20115.20
EUR121.57115.78115.78
EUR121.60115.81115.81
EUR121.81116.01116.01
EUR121.61115.82115.82
EUR122.29116.47116.47
EUR122.15116.33116.33
EUR122.24116.42116.42
EUR122.34116.51116.51
EUR122.39116.56116.56
EUR122.14116.32116.32
EUR122.27116.45116.45
EUR122.65116.81116.81
EUR122.78116.93116.93
EUR123.61117.72117.72
EUR123.68117.79117.79
EUR123.49117.61117.61
EUR124.99119.04119.04
EUR125.13119.17119.17
EUR125.14119.18119.18
EUR124.53118.60118.60
EUR125.18119.22119.22
EUR125.63119.65119.65
EUR125.64119.66119.66
EUR125.44119.47119.47
EUR125.11119.15119.15
EUR126.15120.14120.14
EUR126.35120.33120.33
EUR127.14121.09121.09
EUR127.64121.56121.56
EUR126.96120.91120.91
EUR127.56121.49121.49
EUR128.02121.92121.92
EUR127.69121.61121.61
EUR127.24121.18121.18
EUR127.40121.33121.33
EUR125.93119.93119.93
EUR125.36119.39119.39
EUR125.92119.92119.92
EUR126.66120.63120.63
EUR126.23120.22120.22
EUR126.07120.07120.07
EUR125.08119.12119.12
EUR126.70120.67120.67
EUR127.26121.20121.20
EUR128.49122.37122.37
EUR129.39123.23123.23
EUR129.41123.25123.25
EUR128.65122.52122.52
EUR129.48123.31123.31
EUR129.03122.89122.89
EUR127.59121.51121.51
EUR128.22122.11122.11
EUR128.70122.57122.57
EUR128.74122.61122.61
EUR128.52122.40122.40
EUR128.23122.12122.12
EUR128.61122.49122.49
EUR127.71121.63121.63
EUR125.90119.90119.90
EUR124.98119.03119.03
EUR125.71119.72119.72
EUR124.75118.81118.81
EUR123.35117.48117.48
EUR123.53117.65117.65
EUR125.33119.36119.36
EUR125.45119.48119.48
EUR124.46118.53118.53
EUR124.91118.96118.96
EUR124.72118.78118.78
EUR125.52119.54119.54
EUR126.87120.83120.83
EUR126.93120.89120.89
EUR127.08121.03121.03
EUR127.25121.19121.19
EUR126.83120.79120.79
EUR126.66120.63120.63
EUR126.62120.59120.59
EUR125.51119.53119.53
EUR125.98119.98119.98
EUR124.52118.59118.59
EUR123.85117.95117.95
EUR123.11117.25117.25
EUR122.88117.03117.03
EUR122.14116.32116.32
EUR121.74115.94115.94
EUR122.66116.82116.82
EUR123.17117.30117.30
EUR122.63116.79116.79
EUR121.52115.73115.73
EUR122.10116.29116.29
EUR121.87116.07116.07
EUR122.01116.20116.20
EUR122.12116.30116.30
EUR123.96118.06118.06
EUR123.39117.51117.51
EUR122.96117.10117.10
EUR123.05117.19117.19
EUR121.31115.53115.53
EUR120.66114.91114.91
EUR121.57115.78115.78
EUR121.47115.69115.69
EUR121.49115.70115.70
EUR121.30115.52115.52
EUR121.79115.99115.99
EUR120.92115.16115.16
EUR121.79115.99115.99
EUR122.51116.68116.68
EUR124.44118.51118.51
EUR125.11119.15119.15
EUR125.35119.38119.38
EUR126.75120.71120.71
EUR127.24121.18121.18
EUR127.02120.97120.97
EUR126.05120.05120.05
EUR125.51119.53119.53
EUR124.88118.93118.93
EUR124.23118.31118.31
EUR122.75116.90116.90
EUR123.76117.87117.87
EUR124.47118.54118.54
EUR125.17119.21119.21
EUR124.87118.92118.92
EUR125.19119.23119.23
EUR125.19119.23119.23
EUR126.09120.09120.09
EUR125.70119.71119.71
EUR125.23119.27119.27
EUR125.88119.89119.89
EUR124.45118.52118.52
EUR122.59116.75116.75
EUR123.24117.37117.37
EUR123.47117.59117.59
EUR123.98118.08118.08
EUR123.95118.05118.05
EUR123.00117.14117.14
EUR121.07115.30115.30
EUR117.81112.20112.20
EUR113.48108.08108.08
EUR114.80109.33109.33
EUR115.80110.29110.29
EUR118.58112.93112.93
EUR118.97113.30113.30
EUR118.46112.82112.82
EUR116.05110.52110.52
EUR116.98111.41111.41
EUR118.59112.94112.94
EUR116.81111.25111.25
EUR116.96111.39111.39
EUR118.05112.43112.43
EUR118.40112.76112.76
EUR117.65112.05112.05
EUR116.92111.35111.35
EUR116.51110.96110.96
EUR117.67112.07112.07
EUR118.91113.25113.25
EUR118.82113.16113.16
EUR117.58111.98111.98
EUR118.99113.32113.32
EUR117.05111.48111.48
EUR116.90111.33111.33
EUR115.42109.92109.92
EUR117.32111.73111.73
EUR115.37109.88109.88
EUR114.53109.08109.08
EUR116.81111.25111.25
EUR116.26110.72110.72
EUR117.01111.44111.44
EUR119.19113.51113.51
EUR119.57113.88113.88
EUR120.04114.32114.32
EUR120.60114.86114.86
EUR120.87115.11115.11
EUR121.13115.36115.36
EUR120.30114.57114.57
EUR119.45113.76113.76
EUR120.98115.22115.22
EUR121.02115.26115.26
EUR121.20115.43115.43
EUR121.10115.33115.33
EUR121.07115.30115.30
EUR123.63117.74117.74
EUR125.53119.55119.55
EUR125.33119.36119.36
EUR124.72118.78118.78
EUR125.40119.43119.43
EUR125.71119.72119.72
EUR124.91118.96118.96
EUR125.09119.13119.13
EUR125.33119.36119.36
EUR126.06120.06120.06
EUR125.97119.97119.97
EUR125.99119.99119.99
EUR125.25119.29119.29
EUR125.34119.37119.37
EUR125.34119.37119.37
EUR124.35118.43118.43
EUR123.42117.54117.54
EUR124.11118.20118.20
EUR125.03119.08119.08
EUR125.52119.54119.54
EUR125.69119.70119.70
EUR126.16120.15120.15
EUR126.18120.17120.17
EUR125.78119.79119.79
EUR126.25120.24120.24
EUR126.59120.56120.56
EUR126.48120.46120.46
EUR126.60120.57120.57
EUR126.68120.65120.65
EUR126.79120.75120.75
EUR124.41118.49118.49
EUR124.99119.04119.04
EUR125.55119.57119.57
EUR124.38118.46118.46
EUR123.28117.41117.41
EUR123.48117.60117.60
EUR122.00116.19116.19
EUR121.28115.50115.50
EUR122.61116.77116.77
EUR123.67117.78117.78
EUR123.74117.85117.85
EUR122.70116.86116.86
EUR122.50116.67116.67
EUR122.63116.79116.79
EUR123.63117.74117.74
EUR123.45117.57117.57
EUR124.71118.77118.77
EUR123.93118.03118.03
EUR122.89117.04117.04
EUR123.22117.35117.35
EUR122.27116.45116.45
EUR120.34114.61114.61
EUR119.18113.50113.50
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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. 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 subfund, 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.

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.