Flossbach von Storch - Der erste Schritt RT

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:	22 July 2021
Shareclass assets:	10,058.73 EUR
NIW:	100.59 EUR
Redemption price:	100.59 EUR
Issue price*:	101.60 EUR
Redemption fee:	0.00%
Ongoing charges:	0.55%
which includes a management fee of:	0.83%
Performance fee:
Issue surcharge:	up to 1.00%

* incl. max. issue surcharge 1.00%

Source: Custodian bank / Paying agent

In accordance with regulatory requirements, we are not permitted to provide performance figures for this fund, as it has been active for less than a year.

Historic Prices

From:

To:

As at	Share class currency	Issue price	Redemption price	NAV
10.02.2021	EUR			100.00
11.02.2021	EUR	100.99	99.99	99.99
12.02.2021	EUR	100.98	99.98	99.98
15.02.2021	EUR	101.01	100.01	100.01
16.02.2021	EUR	100.92	99.92	99.92
17.02.2021	EUR	100.87	99.87	99.87
18.02.2021	EUR	100.92	99.92	99.92
19.02.2021	EUR	100.81	99.81	99.81
22.02.2021	EUR	100.48	99.49	99.49
23.02.2021	EUR	100.30	99.31	99.31
24.02.2021	EUR	100.21	99.22	99.22
25.02.2021	EUR	100.25	99.26	99.26
26.02.2021	EUR	99.63	98.64	98.64
01.03.2021	EUR	99.75	98.76	98.76
02.03.2021	EUR	100.19	99.20	99.20
03.03.2021	EUR	100.24	99.25	99.25
04.03.2021	EUR	99.95	98.96	98.96
05.03.2021	EUR	99.76	98.77	98.77
08.03.2021	EUR	99.93	98.94	98.94
09.03.2021	EUR	99.87	98.88	98.88
10.03.2021	EUR	100.06	99.07	99.07
11.03.2021	EUR	100.15	99.16	99.16
12.03.2021	EUR	100.18	99.19	99.19
15.03.2021	EUR	99.92	98.93	98.93
16.03.2021	EUR	100.01	99.02	99.02
17.03.2021	EUR	100.08	99.09	99.09
18.03.2021	EUR	100.00	99.01	99.01
19.03.2021	EUR	99.83	98.84	98.84
22.03.2021	EUR	99.83	98.84	98.84
23.03.2021	EUR	100.02	99.03	99.03
24.03.2021	EUR	100.11	99.12	99.12
25.03.2021	EUR	100.15	99.16	99.16
26.03.2021	EUR	100.20	99.21	99.21
29.03.2021	EUR	100.20	99.21	99.21
30.03.2021	EUR	100.22	99.23	99.23
31.03.2021	EUR	100.14	99.15	99.15
01.04.2021	EUR	100.11	99.12	99.12
06.04.2021	EUR	100.37	99.38	99.38
07.04.2021	EUR	100.41	99.42	99.42
08.04.2021	EUR	100.41	99.42	99.42
09.04.2021	EUR	100.55	99.55	99.55
12.04.2021	EUR	100.55	99.55	99.55
13.04.2021	EUR	100.51	99.51	99.51
14.04.2021	EUR	100.56	99.56	99.56
15.04.2021	EUR	100.41	99.42	99.42
16.04.2021	EUR	100.68	99.68	99.68
19.04.2021	EUR	100.60	99.60	99.60
20.04.2021	EUR	100.48	99.49	99.49
21.04.2021	EUR	100.50	99.50	99.50
22.04.2021	EUR	100.61	99.61	99.61
23.04.2021	EUR	100.62	99.62	99.62
26.04.2021	EUR	100.63	99.63	99.63
27.04.2021	EUR	100.56	99.56	99.56
28.04.2021	EUR	100.48	99.49	99.49
29.04.2021	EUR	100.47	99.48	99.48
30.04.2021	EUR	100.41	99.42	99.42
03.05.2021	EUR	100.43	99.44	99.44
04.05.2021	EUR	100.46	99.47	99.47
05.05.2021	EUR	100.48	99.49	99.49
06.05.2021	EUR	100.55	99.55	99.55
07.05.2021	EUR	100.57	99.57	99.57
10.05.2021	EUR	100.54	99.54	99.54
11.05.2021	EUR	100.38	99.39	99.39
12.05.2021	EUR	100.22	99.23	99.23
14.05.2021	EUR	100.14	99.15	99.15
17.05.2021	EUR	100.20	99.21	99.21
18.05.2021	EUR	100.18	99.19	99.19
19.05.2021	EUR	100.06	99.07	99.07
20.05.2021	EUR	100.00	99.01	99.01
21.05.2021	EUR	100.12	99.13	99.13
25.05.2021	EUR	100.27	99.28	99.28
26.05.2021	EUR	100.36	99.37	99.37
27.05.2021	EUR	100.41	99.42	99.42
28.05.2021	EUR	100.28	99.29	99.29
31.05.2021	EUR	100.32	99.33	99.33
01.06.2021	EUR	100.29	99.30	99.30
02.06.2021	EUR	100.23	99.24	99.24
03.06.2021	EUR	100.31	99.32	99.32
04.06.2021	EUR	100.26	99.27	99.27
07.06.2021	EUR	100.44	99.45	99.45
08.06.2021	EUR	100.38	99.39	99.39
09.06.2021	EUR	100.46	99.47	99.47
10.06.2021	EUR	100.59	99.59	99.59
11.06.2021	EUR	100.71	99.71	99.71
14.06.2021	EUR	100.79	99.79	99.79
15.06.2021	EUR	100.74	99.74	99.74
16.06.2021	EUR	100.71	99.71	99.71
17.06.2021	EUR	100.63	99.63	99.63
18.06.2021	EUR	100.83	99.83	99.83
21.06.2021	EUR	100.84	99.84	99.84
22.06.2021	EUR	100.81	99.81	99.81
24.06.2021	EUR	100.78	99.78	99.78
25.06.2021	EUR	100.83	99.83	99.83
28.06.2021	EUR	100.75	99.75	99.75
29.06.2021	EUR	100.86	99.86	99.86
30.06.2021	EUR	100.85	99.85	99.85
01.07.2021	EUR	100.94	99.94	99.94
02.07.2021	EUR	100.92	99.92	99.92
05.07.2021	EUR	101.10	100.10	100.10
06.07.2021	EUR	101.05	100.05	100.05
07.07.2021	EUR	101.25	100.25	100.25
08.07.2021	EUR	101.44	100.44	100.44
09.07.2021	EUR	101.41	100.41	100.41
12.07.2021	EUR	101.35	100.35	100.35
13.07.2021	EUR	101.39	100.39	100.39
14.07.2021	EUR	101.34	100.34	100.34
15.07.2021	EUR	101.45	100.45	100.45
16.07.2021	EUR	101.48	100.48	100.48
19.07.2021	EUR	101.47	100.47	100.47
20.07.2021	EUR	101.57	100.56	100.56
21.07.2021	EUR	101.70	100.69	100.69
22.07.2021	EUR	101.60	100.59	100.59

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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).

Morningstar Rating™ overall: © (2021) 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:

Fund manager

Wilhelm Wildschütz

Portfolio Manager & Analyst at Flossbach von Storch AG since 2018
Division Head of Treasury & Trading at Bankhaus Lampe (2005 – 2018)
Derivatives Trader at IKB Deutsche Industriebank (1998 – 2005)
Securities Trader at Spütz and Commerzbank (1990 – 1998)
Bank traineeship at the Deutsche Bundesbank (1987 – 1990). Studied Financial Management at Fernuniversität Hagen and graduated from the University of Wales with a Master of Business Administration (MBA) (2008 – 2011)

Elmar Peters

Co-management of the Multi-Asset Team since April 2016
Head of Institutional Asset Management and Senior Portfolio Manager at Flossbach von Storch AG (2010–2016)
Support and management of equity mandates for institutional clients at Bankhaus Lampe KG in Düsseldorf (2001–2010)
Securities Trader and Investment Adviser at Commerzbank AG in Düsseldorf (1993–2001)
Investment Adviser and Bank Trainee at Bankhaus Delbrück & Co. in Aachen/Cologne (1988–1993)

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Information regarding use and limited distribution

The use of the professional investors' page is only permitted for professional investors. The information provided in this area will be treated confidentially and is only intended for authorised third parties. The obligation to maintain confidentiality does not apply to information that is already generally accessible.

The information provided on the website of Flossbach von Storch Invest S.A. is intended solely for investors in countries where the respective sub-fund / share class is authorised for distribution. The information is not intended for publication or use by any persons or companies in a country where the sub-fund / share class is not authorised for distribution. If documents have been made available in English this does not mean, however, that authorisation has been granted, or an application has been submitted for distribution in English-speaking countries.

In particular the shares of this fund may therefore not be offered for sale or sold 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 published documents and the information contained therein may not be distributed in the USA or other countries in which a fund is not authorised for distribution.

Flossbach von Storch - Der erste Schritt RT

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