Flossbach von Storch - Dividend - ET

Flossbach von Storch - Dividend is a globally diversified equity fund with an active investment approach. The focus is on first-class companies with an attractive dividend profile. What is important here is not only the dividend yield, but above all dividend security and dividend growth potential. When selecting individual securities, the fund management relies on in-house valuation models as well as ESG questions, engagement, and voting. In addition, exclusion criteria defined within the framework of the Sub-Fund's investment policy are taken into account. At least 75 per cent of the Fund's assets are invested directly in equities. In addition, the Fund may invest in share certificates and share index certificates as well as bonds, time deposits and target funds. The Sub-Fund is actively managed and not benchmarked against an index. The portfolio is composed by the fund manager exclusively in accordance with the criteria defined in the investment policy, reviewed regularly and adjusted if necessary. The sub-fund is classified as an Article 8 product within the meaning of the Disclosure Regulation (EU) 2019/2088 (SFDR).


Valor number:115572298
ISIN:LU2423020952
Authorised for distribution:AT, CH, DE, ES, IT, LI, LU
Fund type / legal structure:UCITS / FCP
Domicile:Luxemburg
SFDR Classification:Article 8
Fund currency:EUR
Launch date:18 January 2022
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:2 December 2022
Fund assets:774.135.173,02 EUR
NAV:96.09 EUR
Redemption price:96.09 EUR
Issue price*:97.05 EUR
TID: (as at )
Performance fee:
Issue surcharge:up to 1.00%
Exchange commission:up to 1.00% (based on the unit value of the units to be purchased for the benefit of the relevant distributor)

* incl. max. issue surcharge 1.00%

Source: Custodian bank / Paying agent

Annual performance (EUR, in %, As at: 02.12.2022)

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: 02.12.2022)

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: 02.12.2022)

 02.12.202230.11.2022
YTD-6.84%-8.57%
1 year-1.63%-5.54%
3 years27.99%25.06%
5 years45.29%42.69%
10 years135.93%131.49%
1 year p.a.-1.63%-5.54%
3 years p.a.8.57%7.73%
5 years p.a.7.75%7.36%
10 years p.a.8.96%8.75%
since 02.10.2012135.07%130.71%

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: 02.12.2022)

 20222021202020192018201720162015201420132012
Jan-3.19%0.87%1.61%7.07%1.73%-0.01%-9.55%5.14%-2.67%2.89%
Feb-3.19%0.45%-6.60%4.34%-3.64%3.84%3.31%5.44%3.12%1.89%
Mar1.13%6.12%-9.58%4.29%-3.03%-0.57%3.54%1.00%1.17%3.76%
Apr1.53%1.95%12.07%3.55%3.00%0.29%1.18%0.34%1.63%0.92%
May-4.11%-0.41%1.33%-5.10%3.35%-0.48%0.49%1.48%3.04%2.70%
Jun-4.60%4.06%-0.08%2.00%-0.22%-1.27%-0.69%-6.53%1.78%-3.21%
Jul8.69%2.48%2.05%3.29%1.14%-1.40%4.75%3.27%1.61%1.46%
Aug-2.46%1.33%3.49%-1.46%-0.35%-2.64%0.55%-7.18%1.94%-0.92%
Sep-7.78%-2.12%-1.71%1.11%0.40%2.12%-1.22%-4.10%0.83%1.59%
Oct4.42%3.58%-2.54%0.75%-5.28%1.66%-0.32%12.73%-0.38%0.84%-1.95%
Nov1.75%2.61%6.60%4.62%-0.15%1.97%1.55%1.55%4.93%2.34%1.64%
Dec1.89%3.31%0.45%2.26%-8.29%1.68%3.25%-3.48%1.31%0.16%-1.02%
Current year to 30.11.2022-8.57%26.79%5.49%29.52%-11.41%5.12%6.22%8.23%19.71%15.19%-1.35%
Current year to 02.12.2022-6.84%26.79%5.49%29.52%-11.41%5.12%6.22%8.23%19.71%15.19%-1.35%

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

Market capitalisation (As at: 31.10.2022)

Mega Cap (>50 Mrd€)70.24 %
Large Cap (10-50 Mrd€)21.92 %
Mid Cap (2-10 Mrd€)6.56 %
Cash1.40 %
Other (incl. derivatives)-0.12 %

Source: Depositary and Flossbach von Storch

Top 10 positions (As at: 31.10.2022)

ROPER TECHNOLOGIES3.24 %
INTERCONTINENTAL EXCHANGE2.99 %
S&P GLOBAL2.99 %
VISA - CLASS A2.99 %
RECKITT BENCKISER GROUP2.98 %
MASTERCARD2.96 %
UNILEVER2.91 %
DANAHER2.84 %
AMETEK2.29 %
INTUIT2.29 %

 Source: Depositary and Flossbach von Storch

Top 5 sectors (As at: 31.10.2022)

Information Technology27.41 %
Consumer Staples15.86 %
Health Care15.14 %
Financials10.39 %
Communication Services7.87 %

 Source: Depositary and Flossbach von Storch

Currency after hedging (As at: 31.10.2022)

USD66.38 %
EUR20.39 %
GBP5.03 %
DKK4.21 %
CAD2.05 %
HKD1.93 %
JPY0.00 %
CHF0.00 %
SEK0.00 %
NOK0.00 %

Source: Depositary and Flossbach von Storch

Other key figures (As at: 31.10.2022)

Value at Risk (VaR) b0,00%
Volatility c0,00%
Maximum drawdown d0,00%

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*
EUR100.00
EUR100.6299.6299.62
EUR100.9099.9099.90
EUR100.3299.3399.33
EUR99.2498.2698.26
EUR98.9697.9897.98
EUR98.6197.6397.63
EUR98.2197.2497.24
EUR99.1698.1898.18
EUR100.8699.8699.86
EUR101.56100.55100.55
EUR101.87100.86100.86
EUR102.68101.66101.66
EUR100.5799.5799.57
EUR99.6698.6798.67
EUR99.3998.4198.41
EUR99.7198.7298.72
EUR101.03100.03100.03
EUR99.1698.1898.18
EUR98.4997.5197.51
EUR98.3797.4097.40
EUR98.7897.8097.80
EUR98.8397.8597.85
EUR97.6596.6896.68
EUR97.2196.2596.25
EUR96.8495.8895.88
EUR96.2895.3395.33
EUR95.3394.3994.39
EUR96.4295.4795.47
EUR97.6496.6796.67
EUR96.9896.0296.02
EUR96.3295.3795.37
EUR97.9797.0097.00
EUR97.2296.2696.26
EUR96.5295.5695.56
EUR94.6093.6693.66
EUR93.3192.3992.39
EUR95.0194.0794.07
EUR93.7092.7792.77
EUR93.1292.2092.20
EUR93.1592.2392.23
EUR94.8693.9293.92
EUR96.5295.5695.56
EUR96.7795.8195.81
EUR98.0097.0397.03
EUR97.7196.7496.74
EUR98.7597.7797.77
EUR97.2196.2596.25
EUR97.4196.4596.45
EUR97.8296.8596.85
EUR98.7097.7297.72
EUR99.4398.4598.45
EUR98.7497.7697.76
EUR97.8096.8396.83
EUR99.3298.3498.34
EUR100.2399.2499.24
EUR100.2099.2199.21
EUR99.5398.5498.54
EUR99.9298.9398.93
EUR100.2099.2199.21
EUR99.0298.0498.04
EUR98.4297.4597.45
EUR99.1298.1498.14
EUR98.5297.5497.54
EUR99.3498.3698.36
EUR99.4698.4898.48
EUR98.9097.9297.92
EUR96.8095.8495.84
EUR97.5096.5396.53
EUR96.2595.3095.30
EUR98.0597.0897.08
EUR100.2599.2699.26
EUR97.9997.0297.02
EUR97.6196.6496.64
EUR97.5796.6096.60
EUR98.9297.9497.94
EUR96.3895.4395.43
EUR92.8891.9691.96
EUR92.9692.0492.04
EUR93.0692.1492.14
EUR93.8792.9492.94
EUR95.3194.3794.37
EUR95.3494.4094.40
EUR95.7494.7994.79
EUR93.2092.2892.28
EUR92.2991.3891.38
EUR93.2692.3492.34
EUR93.7592.8292.82
EUR92.5191.5991.59
EUR94.2693.3393.33
EUR96.0495.0995.09
EUR96.1395.1895.18
EUR96.1795.2295.22
EUR95.2594.3194.31
EUR96.4495.4995.49
EUR95.9294.9794.97
EUR96.5795.6195.61
EUR95.6994.7494.74
EUR94.5293.5893.58
EUR92.7991.8791.87
EUR90.9490.0490.04
EUR90.1689.2789.27
EUR90.7689.8689.86
EUR88.0887.2187.21
EUR88.4987.6187.61
EUR88.4787.5987.59
EUR89.5988.7088.70
EUR91.0590.1590.15
EUR93.2492.3292.32
EUR92.5991.6791.67
EUR91.5790.6690.66
EUR91.7190.8090.80
EUR91.2290.3290.32
EUR92.2791.3691.36
EUR92.2291.3191.31
EUR93.1292.2092.20
EUR94.2493.3193.31
EUR95.1994.2594.25
EUR94.9293.9893.98
EUR94.8893.9493.94
EUR94.3993.4693.46
EUR93.6692.7392.73
EUR93.8592.9292.92
EUR94.9193.9793.97
EUR93.5192.5892.58
EUR95.2494.3094.30
EUR95.8094.8594.85
EUR97.1396.1796.17
EUR96.9195.9595.95
EUR96.9696.0096.00
EUR97.0096.0496.04
EUR98.2997.3297.32
EUR99.6898.6998.69
EUR100.3999.4099.40
EUR99.5998.6098.60
EUR99.3598.3798.37
EUR100.6499.6499.64
EUR100.6799.6799.67
EUR100.5499.5499.54
EUR100.3099.3199.31
EUR99.4998.5098.50
EUR100.4099.4199.41
EUR100.1399.1499.14
EUR102.64101.62101.62
EUR102.88101.86101.86
EUR102.37101.36101.36
EUR102.80101.78101.78
EUR102.39101.38101.38
EUR101.19100.19100.19
EUR100.3999.4099.40
EUR100.8299.8299.82
EUR101.68100.67100.67
EUR98.4297.4597.45
EUR97.9797.0097.00
EUR97.2296.2696.26
EUR96.0395.0895.08
EUR96.5395.5795.57
EUR95.6894.7394.73
EUR96.1095.1595.15
EUR96.2195.2695.26
EUR96.9295.9695.96
EUR97.3496.3896.38
EUR98.0797.1097.10
EUR98.4197.4497.44
EUR95.9094.9594.95
EUR95.7494.7994.79
EUR94.4293.4993.49
EUR93.4392.5092.50
EUR93.8692.9392.93
EUR92.7491.8291.82
EUR92.7591.8391.83
EUR91.8790.9690.96
EUR91.4290.5190.51
EUR91.3690.4690.46
EUR90.8389.9389.93
EUR91.7890.8790.87
EUR89.6688.7788.77
EUR88.7887.9087.90
EUR90.5489.6489.64
EUR92.0791.1691.16
EUR92.3391.4291.42
EUR91.6490.7390.73
EUR89.7788.8888.88
EUR89.6088.7188.71
EUR89.0088.1288.12
EUR88.6087.7287.72
EUR89.7688.8788.87
EUR88.7387.8587.85
EUR90.3189.4289.42
EUR90.7489.8489.84
EUR90.3189.4289.42
EUR89.3288.4488.44
EUR90.4089.5089.50
EUR90.9490.0490.04
EUR92.1291.2191.21
EUR91.6090.6990.69
EUR91.7490.8390.83
EUR93.6292.6992.69
EUR94.0193.0893.08
EUR91.9691.0591.05
EUR91.7590.8490.84
EUR92.3691.4591.45
EUR92.6091.6891.68
EUR92.9091.9891.98
EUR91.9691.0591.05
EUR95.5494.5994.59
EUR95.2694.3294.32
EUR94.9694.0294.02
EUR95.6194.6694.66
EUR94.8793.9393.93
EUR94.9193.9793.97
EUR95.1694.2294.22
EUR95.8594.9094.90
EUR96.3295.3795.37
EUR96.1295.1795.17
EUR96.0995.1495.14
EUR96.2895.3395.33
EUR95.3894.4494.44
EUR95.2594.3194.31
EUR97.6596.6896.68
EUR97.0596.0996.09

Opportunities

  • These funds aim to exploit growth opportunities on global equity markets.
  • 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.
  • Potential to achieve above-average dividend income.

Risks

  • Equity markets and thus also unit values can experience severe fluctuations in response to market developments. The result can be a fall in the trading price. ESG criteria can restrict the selection of target investments in terms of category and number, sometimes considerably.
  • Investing in assets denominated in a foreign currency can have a negative impact on unit values as a result of exchange rate movements.
  • 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).
  • If dividends are reduced or not paid out at all, this can have a negative impact on investment returns.
  • By hedging currency risks, the fund share value may be adversely affected.

*Performance in the years 2012 to 2022 was simulated using the performance of share class R (LU0831568729) of sub-fund Flossbach von Storch - Dividend. The simulation took account of any differences in remuneration structure. Share class R and share class ET have the same investment policy. Thus, there may be deviations between the redemption price and the NAV up to and including the calendar year of the issue.

Morningstar Rating™ overall: © (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.

For more information on Morningstar’s ratings, please visit: https://www.morningstar.co.uk/uk/help/Methodology.aspx.

Date: 31.10.2022

The Morningstar Rating shown here is based on a so-called “Track Record Extension”. This extension of the performance history implies that a back-calculation has taken place. The performance which is given dates back to before the launch of these sub-funds. The simulated performance corresponds to the methodology which is set out in the relevant Morningstar Extended Performance Methodology Paper. For more information please go to: https://www.morningstar.co.uk/uk/glossary/126106/track-record-extension.aspx.

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