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.
| Valor number: | 59482620 |
|---|---|
| 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: | 17 January 2022 |
| Fund assets: | 639.824.395,57 EUR |
| NAV: | 99.06 EUR |
| Redemption price: | 99.06 EUR |
| Issue price*: | 100.05 EUR |
| TID: | (as at ) |
| Performance fee: | |
| Issue surcharge: | up to 1.00% |
* incl. max. issue surcharge 1.00%
Source: Custodian bank / Paying agent
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
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
| 17.01.2022 | ||
|---|---|---|
| YTD | -0.55% | |
| since launch (10.02.2021) | -0.94% | -0.39% |
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
| 2022 | 2021 | |
|---|---|---|
| Jan | -0.55% | |
| Feb | -1.36% | |
| Mar | 0.52% | |
| Apr | 0.27% | |
| May | -0.09% | |
| Jun | 0.52% | |
| Jul | 0.81% | |
| Aug | 0.13% | |
| Sep | -0.89% | |
| Oct | -0.50% | |
| Nov | 0.23% | |
| Dec | -0.01% | |
| Current year to | -0.39% | |
| Current year to 17.01.2022 | -0.55% | -0.39% |
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
| 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 | |
| EUR | 100.35 | 99.36 | 99.36 | |
| EUR | 100.43 | 99.44 | 99.44 | |
| EUR | 100.54 | 99.54 | 99.54 | |
| EUR | 100.48 | 99.49 | 99.49 | |
| EUR | 100.55 | 99.55 | 99.55 | |
| EUR | 100.57 | 99.57 | 99.57 | |
| EUR | 100.62 | 99.62 | 99.62 | |
| EUR | 100.51 | 99.51 | 99.51 | |
| EUR | 100.56 | 99.56 | 99.56 | |
| EUR | 100.64 | 99.64 | 99.64 | |
| EUR | 100.55 | 99.55 | 99.55 | |
| EUR | 100.42 | 99.43 | 99.43 | |
| EUR | 100.54 | 99.54 | 99.54 | |
| EUR | 100.52 | 99.52 | 99.52 | |
| EUR | 100.57 | 99.57 | 99.57 | |
| EUR | 100.61 | 99.61 | 99.61 | |
| EUR | 100.60 | 99.60 | 99.60 | |
| EUR | 100.61 | 99.61 | 99.61 | |
| EUR | 100.57 | 99.57 | 99.57 | |
| EUR | 100.56 | 99.56 | 99.56 | |
| EUR | 100.54 | 99.54 | 99.54 | |
| EUR | 100.44 | 99.45 | 99.45 | |
| EUR | 100.37 | 99.38 | 99.38 | |
| EUR | 100.31 | 99.32 | 99.32 | |
| EUR | 100.26 | 99.27 | 99.27 | |
| EUR | 100.25 | 99.26 | 99.26 | |
| EUR | 100.22 | 99.23 | 99.23 | |
| EUR | 100.13 | 99.14 | 99.14 | |
| EUR | 100.05 | 99.06 | 99.06 |
Morningstar Rating™ overall: © (2022) 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)
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