English 
Flossbach von Storch - Global Quality is a globally diversified equity fund with an active and focused investment approach. At least 60 per cent of the Fund's assets are invested directly in equities and equity funds. The investment focus is on first-class, highly capitalised business models that are growing at an above-average rate and reliably, are highly profitable and stable, and are led by entrepreneurial management teams. The quality assessment of the business models and the weighing of the risk-reward ratio within the framework of the company valuation are decisive for every investment decision. The fund management pursues a long-term investment horizon and understands risk as an economic dimension. As a rule, investments are made in a maximum of 50 companies. Other in-house valuation models include ESG issues, engagement, and voting. In addition, exclusion criteria defined within the framework of the Sub-Fund's investment policy are taken into account. The Sub-Fund is actively managed. 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 performance of the Sub-Fund is compared using the MSCI World Net Total Return Index as a benchmark. The fund manager is not linked to the index at any time when making investment decisions and the portfolio composition. Therefore, the performance of the Sub-Fund may differ significantly from the benchmark shown. The Sub-Fund is classified as an Article 8 product under the Disclosure Regulation (EU) 2019/2088 (SFDR). For detailed information on the objectives and investment policy, please refer to the most recent sales prospectus and the Key Information Document (PRIIP-KID).
| ISIN: | LU2634936566 |
|---|---|
| Authorised for distribution: | AT, CH, DE, LI, LU |
| Fund type / legal structure: | UCITS / FCP |
| Domicile: | Luxemburg |
| SFDR Classification: | Article 8 |
| Fund currency: | EUR |
| Launch date: | 27 June 2023 |
| Financial year end: | 30 September |
| Income utilisation: | Distribution |
| Management company: | Flossbach von Storch Invest S.A. |
| Custodian bank / Paying agent: | DZ PRIVATBANK S.A. |
| Manager: | Flossbach von Storch AG |
| Data from: | 4 October 2023 |
| Fund assets: | 792.024.706,05 EUR |
| NAV: | 99.73 EUR |
| Redemption price: | 99.73 EUR |
| Issue price*: | 99.73 EUR |
| TID: | (as at ) |
| Performance fee: | |
| Issue surcharge: | 0.00% |
| Exchange commission: | 0.00% (based on the unit value of the units to be purchased for the benefit of the relevant distributor) |
* incl. max. issue surcharge 0.00%
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
Reference index: MSCI World Net Total Return EUR Index
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
| 04.10.2023 | 29.09.2023 | |
|---|---|---|
| YTD | 8.04% | 8.87% |
| 1 year | 7.18% | 8.67% |
| 3 years | 26.38% | 28.55% |
| 5 years | 56.27% | 58.10% |
| 10 years | 146.69% | 146.29% |
| 1 year p.a. | 7.18% | 8.70% |
| 3 years p.a. | 8.12% | 8.74% |
| 5 years p.a. | 9.33% | 9.59% |
| 10 years p.a. | 9.44% | 9.43% |
| since 19.05.1999 | 336.19% | 339.55% |
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
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan | 1.92% | -5.48% | 2.06% | 2.17% | 7.19% | 1.66% | 0.54% | -6.03% | 7.04% | -0.37% | 2.73% |
| Feb | 0.46% | -3.24% | -0.50% | -6.05% | 5.92% | -3.96% | 4.66% | 4.46% | 4.86% | 3.41% | 2.95% |
| Mar | 0.73% | 4.12% | 6.12% | -9.51% | 4.18% | -3.37% | -0.45% | 1.88% | 0.74% | 0.29% | 3.88% |
| Apr | 1.70% | -0.11% | 3.55% | 12.06% | 4.09% | 3.02% | 1.00% | 2.14% | -0.57% | 0.64% | -1.08% |
| May | 2.78% | -5.05% | -0.17% | 0.68% | -4.12% | 3.72% | 0.78% | 1.81% | 1.04% | 2.42% | 3.14% |
| Jun | 1.49% | -3.08% | 4.49% | 1.47% | 3.02% | -0.09% | -2.27% | -1.36% | -5.49% | 1.64% | -3.37% |
| Jul | 3.13% | 9.89% | 1.74% | 2.53% | 2.86% | 0.95% | -2.60% | 4.87% | 3.61% | 2.06% | 1.64% |
| Aug | -0.93% | -1.84% | 3.48% | 4.52% | -1.93% | -0.97% | -1.35% | -0.38% | -7.31% | 2.17% | 0.92% |
| Sep | -2.61% | -5.72% | -3.27% | -2.04% | 1.63% | 0.40% | 2.53% | -0.94% | -6.04% | 1.66% | 1.08% |
| Oct | -0.77% | 3.22% | 3.48% | -1.23% | 1.33% | -6.15% | 1.61% | -0.49% | 9.86% | 0.08% | 1.51% |
| Nov | -0.30% | 2.17% | 5.03% | 3.99% | 1.55% | 0.48% | -0.23% | 1.66% | 4.07% | 2.83% | |
| Dec | -3.01% | 1.98% | 0.19% | 1.44% | -7.24% | 1.41% | 2.42% | -1.49% | 0.57% | 0.42% | |
| Current year to 29.09.2023 | 8.87% | -11.13% | 27.83% | 8.50% | 33.27% | -10.64% | 6.29% | 7.96% | 6.58% | 20.21% | 17.69% |
| Current year to 04.10.2023 | 8.04% | -11.13% | 27.83% | 8.50% | 33.27% | -10.64% | 6.29% | 7.96% | 6.58% | 20.21% | 17.69% |
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
| BERKSHIRE HATHAWAY B | 5.10 % | |
|---|---|---|
| CONSTELLATION SOFTWARE | 4.72 % | |
| ALPHABET - CLASS A | 3.52 % | |
| MICROSOFT | 3.25 % | |
| AMPHENOL | 3.04 % | |
| RECKITT BENCKISER GROUP | 3.02 % | |
| UNILEVER | 2.92 % | |
| DANAHER | 2.88 % | |
| AMAZON.COM | 2.71 % | |
| DEUTSCHE BÖRSE | 2.51 % |
Source: Depositary and Flossbach von Storch
| Financials | 25.12 % | |
|---|---|---|
| Information Technology | 21.46 % | |
| Health Care | 15.65 % | |
| Consumer Staples | 14.94 % | |
| Industrials | 13.22 % | |
| Communication Services | 5.63 % | |
| Consumer Discretionary | 2.80 % | |
| Materials | 1.18 % |
Source: Depositary and Flossbach von Storch
| USA | 64.26 % | |
|---|---|---|
| Switzerland | 6.98 % | |
| United Kingdom | 6.13 % | |
| Germany | 5.04 % | |
| Canada | 4.88 % | |
| France | 4.38 % | |
| India | 2.62 % | |
| Ireland | 2.16 % | |
| China | 1.47 % | |
| Hong Kong | 1.04 % |
Source: Depositary and Flossbach von Storch
| USD | 66.69 % | |
|---|---|---|
| EUR | 12.86 % | |
| CHF | 6.66 % | |
| CAD | 5.14 % | |
| GBP | 3.08 % | |
| HKD | 2.44 % | |
| INR | 2.12 % | |
| SEK | 1.00 % | |
| JPY | 0.00 % | |
| DKK | 0.00 % |
Source: Depositary and Flossbach von Storch
| Value at Risk (VaR) b | 0,00% |
|---|---|
| Volatility c | 0,00% |
| Maximum drawdown d | 0,00% |
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).
| As at | Share class currency | Issue price | Redemption price | NAV* |
|---|---|---|---|---|
| EUR | 100.00 | |||
| EUR | 100.13 | 100.13 | 100.13 | |
| EUR | 100.61 | 100.61 | 100.61 | |
| EUR | 101.00 | 101.00 | 101.00 | |
| EUR | 102.00 | 102.00 | 102.00 | |
| EUR | 101.76 | 101.76 | 101.76 | |
| EUR | 101.74 | 101.74 | 101.74 | |
| EUR | 101.66 | 101.66 | 101.66 | |
| EUR | 100.62 | 100.62 | 100.62 | |
| EUR | 99.65 | 99.65 | 99.65 | |
| EUR | 99.87 | 99.87 | 99.87 | |
| EUR | 100.46 | 100.46 | 100.46 | |
| EUR | 100.37 | 100.37 | 100.37 | |
| EUR | 100.73 | 100.73 | 100.73 | |
| EUR | 100.50 | 100.50 | 100.50 | |
| EUR | 100.58 | 100.58 | 100.58 | |
| EUR | 101.29 | 101.29 | 101.29 | |
| EUR | 101.77 | 101.77 | 101.77 | |
| EUR | 102.09 | 102.09 | 102.09 | |
| EUR | 102.50 | 102.50 | 102.50 | |
| EUR | 102.88 | 102.88 | 102.88 | |
| EUR | 103.64 | 103.64 | 103.64 | |
| EUR | 103.85 | 103.85 | 103.85 | |
| EUR | 103.84 | 103.84 | 103.84 | |
| EUR | 104.16 | 104.16 | 104.16 | |
| EUR | 104.13 | 104.13 | 104.13 | |
| EUR | 104.00 | 104.00 | 104.00 | |
| EUR | 103.38 | 103.38 | 103.38 | |
| EUR | 102.80 | 102.80 | 102.80 | |
| EUR | 101.95 | 101.95 | 101.95 | |
| EUR | 103.02 | 103.02 | 103.02 | |
| EUR | 102.94 | 102.94 | 102.94 | |
| EUR | 102.39 | 102.39 | 102.39 | |
| EUR | 102.40 | 102.40 | 102.40 | |
| EUR | 102.36 | 102.36 | 102.36 | |
| EUR | 101.63 | 101.63 | 101.63 | |
| EUR | 101.58 | 101.58 | 101.58 | |
| EUR | 100.86 | 100.86 | 100.86 | |
| EUR | 100.60 | 100.60 | 100.60 | |
| EUR | 100.58 | 100.58 | 100.58 | |
| EUR | 100.92 | 100.92 | 100.92 | |
| EUR | 102.22 | 102.22 | 102.22 | |
| EUR | 101.21 | 101.21 | 101.21 | |
| EUR | 102.40 | 102.40 | 102.40 | |
| EUR | 102.77 | 102.77 | 102.77 | |
| EUR | 103.51 | 103.51 | 103.51 | |
| EUR | 103.19 | 103.19 | 103.19 | |
| EUR | 103.32 | 103.32 | 103.32 | |
| EUR | 103.90 | 103.90 | 103.90 | |
| EUR | 103.96 | 103.96 | 103.96 | |
| EUR | 103.88 | 103.88 | 103.88 | |
| EUR | 103.56 | 103.56 | 103.56 | |
| EUR | 103.68 | 103.68 | 103.68 | |
| EUR | 103.58 | 103.58 | 103.58 | |
| EUR | 103.82 | 103.82 | 103.82 | |
| EUR | 103.41 | 103.41 | 103.41 | |
| EUR | 103.08 | 103.08 | 103.08 | |
| EUR | 104.42 | 104.42 | 104.42 | |
| EUR | 103.69 | 103.69 | 103.69 | |
| EUR | 103.54 | 103.54 | 103.54 | |
| EUR | 103.02 | 103.02 | 103.02 | |
| EUR | 102.25 | 102.25 | 102.25 | |
| EUR | 101.02 | 101.02 | 101.02 | |
| EUR | 100.65 | 100.65 | 100.65 | |
| EUR | 101.21 | 101.21 | 101.21 | |
| EUR | 99.92 | 99.92 | 99.92 | |
| EUR | 100.31 | 100.31 | 100.31 | |
| EUR | 100.50 | 100.50 | 100.50 | |
| EUR | 100.33 | 100.33 | 100.33 | |
| EUR | 100.51 | 100.51 | 100.51 | |
| EUR | 99.73 | 99.73 | 99.73 |
*Performance in the years 1999 to 2023 was simulated using the performance of share class I (LU0320532970) of sub-fund Flossbach von Storch - Global Quality. The simulation took account of any differences in remuneration structure. Share class I and share class H 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.
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