FvS Dividend ET/  LU2423020952  /

The objective of the investment policy of the Flossbach von Storch - Dividend (the "sub-fund") is to distribute a reasonable amount of annual income each year and to achieve reasonable asset growth in line with the risk levels, taking into consideration the risk involved for the investors. The investment focus is on equities issued by companies that are characterised not only by a strong barrier of entry (e.g. a strong brand, patents/licences, cost advantages, technological leadership) and an above-average ability to withstand crises, but that also have an attractive dividend profile in the form of reliable, high dividends with potential for future growth. This requires above-average profit growth with a moderate distribution rate and a sound financing structure. Equities in companies are also considered if they are expected to have extraordinary price potential based on specific criteria or situations. Such special situations may occur due to the performance of the market as a whole, an industry or an individual company. The sub-fund is actively managed. No index is used for comparison purposes. At least 75% of the sub-fund"s assets are invested directly in equities. The fund may additionally invest in equity certificates, equity index certificates, bonds, fixed-term deposits, UCITS or other UCI ("target funds"). The sub-fund is an equity fund.

The objective of the investment policy of the Flossbach von Storch - Dividend (the "sub-fund") is to distribute a reasonable amount of annual income each year and to achieve reasonable asset growth in line with the risk levels, taking into consideration the risk involved for the investors.