# FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND
Annual report
1 October 2021 - 30 September 2022

#### The management company of the fund is entitled to create unit classes with different rights in relation to the units. Details of the current unit classes are as follows:
|  | Unit class H | Unit class I | Unit class R | Unit class CHF-IT |
| --- | --- | --- | --- | --- |
| Securities ID No. (WKN): | 989977 | A0M1D4 | A0Q2PU | A1W17Z |
| ISIN: | LU0097335235 | LU0320533861 | LU0366179009 | LU0952573565 |
| Subscription fee: | none | up to 5.00% | up to 5.00% | up to 5.00% |
| Redemption fee: | none | none | none | none |
| Management fee: | 0.88% p.a. | 0.68% p.a. | 1.38% p.a. | 0.68% p.a. |
| Minimum initial investment: | none | 1,000,000.00 EUR | none | 1,000,000.00 CHF |
| Use of income: | distributing | distributing | distributing | accumulating |
| Currency: | EUR | EUR | EUR | CHF |
|  | Unit class IT |  |
| Securities ID No. (WKN): | A2AQM9 |
| ISIN: | LU1481584875 |
| Subscription fee: | up to 5.00% |
| Redemption fee: | none |
| Management fee: | 0.68% p.a. |
| Minimum initial investment: | 1,000,000.00 EUR |
| Use of income: | accumulating |
| Currency: | EUR |

| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Geographical breakdown by country 1) |
| United States of America | 26.53 % |
| Germany | 16.99 % |
| Netherlands | 10.20 % |
| France | 9.16 % |
| Italy | 5.08 % |
| Belgium | 4.10 % |
| Bermudas | 2.97 % |
| Israel | 2.82 % |
| Spain | 2.81 % |
| Cayman Islands | 2.33 % |
| Denmark | 1.91 % |
| Luxembourg | 1.66 % |
| Singapore | 1.25 % |
| Hong Kong | 1.21 % |
| Australia | 0.89 % |
| Sweden | 0.33 % |
| Securities holdings | 90.24 % |
| Options | 0.03 % |
| Bank balances 2) | 10.35 % |
| Balance of other receivables and payables | -0.62 % |
|  | 100.00 % |

1) Due to rounding differences in individual amounts, totals may differ from the actual value.
2) See the notes to the annual report.
| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Breakdown by economic sector 1) |
| Wholesale and retail | 18.98 % |
| Diversified financial services | 14.40 % |
| Healthcare: equipment and services | 6.73 % |
| Capital goods | 6.28 % |
| Hardware and equipment | 5.46 % |
| Software and services | 5.35 % |
| Real estate | 5.33 % |
| Energy | 5.08 % |
| Media and entertainment | 4.10 % |
| Banks | 3.27 % |
| Public utilities | 3.19 % |
| Pharmaceuticals, biotechnology and life sciences | 2.97 % |
| Transport | 2.32 % |
| Raw materials and supplies | 1.93 % |
| Consumer goods and clothing | 1.54 % |
| Foodstuffs, beverages and tobacco | 1.35 % |
| Consumer services | 1.28 % |
| Automobiles and components | 0.47 % |
| Other | 0.21 % |
| Securities holdings | 90.24 % |
| Options | 0.03 % |
| Bank balances 2) | 10.35 % |
| Balance of other receivables and payables | -0.62 % |
|  | 100.00 % |
| Performance over the last 3 financial years |  |
| Unit class H |  |
| Date | Net unit class assets EUR millions | Units in circulation | Net inflow of funds EUR thousands | Unit value EUR |
| 30.09.2020 | 34.05 | 194,792 | 62.62 | 174.81 |
| 30.09.2021 | 35.07 | 188,462 | -1,176.94 | 186.09 |
| 30.09.2022 | 27.66 | 181,183 | -1,299.53 | 152.66 |

| Unit class I |  |
| --- | --- |
| Date | Net unit class assets EUR millions | Units in circulation | Net inflow of funds EUR thousands | Unit value EUR |
| 30.09.2020 | 300.76 | 1,689,821 | -18,017.46 | 177.98 |
| 30.09.2021 | 216.67 | 1,141,145 | -101,823.30 | 189.87 |
| 30.09.2022 | 196.40 | 1,258,215 | 20,813.54 | 156.09 |

1) Due to rounding differences in individual amounts, totals may differ from the actual value.
2) See the notes to the annual report.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Performance over the last 3 financial years (continued)
Unit class R
| Date | Net unit class assets EUR millions | Units in circulation | Net inflow of funds EUR thousands |  | Unit value EUR |
| --- | --- | --- | --- | --- | --- |
| 30.09.2020 | 27.47 | 183,109 | -3,431.58 |  | 150.03 |
| 30.09.2021 | 33.18 | 208,762 | 4,041.37 |  | 158.95 |
| 30.09.2022 | 22.06 | 170,021 | -5,594.00 |  | 129.76 |
| Unit class CHF-IT |  |  |  |  |  |
| Date | Net unit class assets EUR millions | Units in circulation | Net inflow of funds EUR thousands | Unit value EUR | Unit value CHF |
| 30.09.2020 | 141.01 | 1,247,063 | 55,171.21 | 113.07 1) | 122.23 |
| 30.09.2021 | 170.94 | 1,415,008 | 20,445.04 | 120.81 2) | 130.93 |
| 30.09.2022 | 184.72 | 1,634,412 | 26,111.18 | 113.02 3) | 108.25 |
| Unit class IT |  |  |  |  |  |
| Date | Net unit class assets EUR millions | Units in circulation | Net inflow of funds EUR thousands |  | Unit value EUR |
| 30.09.2020 | 5.66 | 50,573 | 4,202.08 |  | 111.93 |
| 30.09.2021 | 11.33 | 94,237 | 5,093.62 |  | 120.18 |
| 30.09.2022 | 12.30 | 123,710 | 3,641.73 |  | 99.43 |


#### Composition of net sub-fund assets
as at 30 September 2022
EUR
Securities holdings	399,957,010.92
(acquisition cost of securities: EUR 444,815,966.14)
| Options | 134,469.27 |
| --- | --- |
| Bank balances 4) | 45,863,666.20 |
| Interest receivables | 789,090.38 |
| Dividend receivables | 97,446.23 |
| Receivable on subscriptions | 55,196.24 |
| Receivables from securities transactions | 1,464,568.52 |
|  | 448,361,447.76 |
| Payable on redemptions | -109,887.45 |
| Unrealised losses from forward exchange transactions | -4,749,693.78 |
| Other liabilities 5) | -359,664.55 |
|  | -5,219,245.78 |
| Net sub-fund assets | 443,142,201.98 |

1) Exchange rates converted to euros as at 30 September 2020 1 EUR = 1.0810 CHF
2) Exchange rates converted to euros as at 30 September 2021 1 EUR = 1.0838 CHF
3) Exchange rates converted to euros as at 30 September 2022 1 EUR = 0.9578 CHF
4) See the notes to the annual report.
5) This item mainly comprises management fees and subscription tax (taxe d’abonnement).
| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Allocation to the unit classes |
| Unit class H |  |  |  |
| Proportion of net sub-fund assets |  |  | 27,659,367.33 EUR |
| Units outstanding |  |  | 181,182.631 |
| Unit value |  |  | 152.66 EUR |
| Unit class I |  |  |  |
| Proportion of net sub-fund assets |  |  | 196,401,029.17 EUR |
| Units outstanding |  |  | 1,258,215.145 |
| Unit value |  |  | 156.09 EUR |
| Unit class R |  |  |  |
| Proportion of net sub-fund assets |  |  | 22,061,777.14 EUR |
| Units outstanding |  |  | 170,020.544 |
| Unit value |  |  | 129.76 EUR |
| Unit class CHF-IT |  |  |  |
| Proportion of net sub-fund assets |  |  | 184,719,493.29 EUR |
| Units outstanding |  |  | 1,634,412.268 |
| Unit value |  |  | 113.02 EUR 1) |
| Unit value |  |  | 108.25 CHF |
| Unit class IT |  |  |  |
| Proportion of net sub-fund assets |  |  | 12,300,535.05 EUR |
| Units outstanding |  |  | 123,710.083 |
| Unit value |  |  | 99.43 EUR |
| Change in net sub-fund assets |  |  |  |
| in the reporting period from 1 October 2021 to 30 September 2022 |  |  |  |
| Total | Unit class H | Unit class I | Unit class R |
| EUR | EUR | EUR | EUR |
| Net sub-fund assets at the beginning of the reporting period	467,198,673.99 | 35,071,527.76 | 216,674,599.82 | 33,182,311.50 |
| Ordinary net expenditure	-674,170.78 | -91,215.33 | -202,195.82 | -198,315.50 |
| Income and expense equalisation	1,861.12 | -1,842.50 | 11,022.65 | -28,300.15 |
| Cash inflows from the sale of units	149,064,042.12 | 212,823.06 | 40,577,404.78 | 2,623,771.20 |
| Cash outflows from the redemption of units	-105,391,125.02 | -1,512,355.24 | -19,763,864.07 | -8,217,773.45 |
| Realised profits	42,483,841.15 | 1,752,130.46 | 11,026,463.45 | 1,493,206.24 |
| Realised losses	-51,225,916.05 | -3,339,577.18 | -22,062,619.79 | -2,836,930.67 |
| Net change in unrealised profits	-3,883,308.48 | -672,857.57 | -4,484,300.87 | -628,070.80 |
| Net change in unrealised losses	-52,630,819.81 | -3,534,699.24 | -24,009,652.35 | -3,117,640.49 |
| Distribution	-1,800,876.26 | -224,566.89 | -1,365,828.63 | -210,480.74 |
| Net sub-fund assets at the end of the reporting period	443,142,201.98 | 27,659,367.33 | 196,401,029.17 | 22,061,777.14 |

1) Exchange rates converted to euros as at 30 September 2022 1 EUR = 0.9578 CHF
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Change in net sub-fund assets 
(continued)
in the reporting period from 1 October 2021 to 30 September 2022
|  | Unit class CHF-IT EUR | Unit class IT EUR |  |
| --- | --- | --- | --- |
| Net sub-fund assets at the beginning of the reporting period | 170,944,475.83 | 11,325,759.08 |
| Ordinary net expenditure | -169,830.96 | -12,613.17 |
| Income and expense equalisation | 19,789.27 | 1,191.85 |
| Cash inflows from the sale of units | 95,328,009.24 | 10,322,033.84 |
| Cash outflows from the redemption of units | -69,216,824.98 | -6,680,307.28 |
| Realised profits | 27,530,393.15 | 681,647.85 |
| Realised losses | -21,556,360.31 | -1,430,428.10 |
| Net change in unrealised profits | 2,217,083.60 | -315,162.84 |
| Net change in unrealised losses | -20,377,241.55 | -1,591,586.18 |
| Distribution | 0.00 | 0.00 |
| Net sub-fund assets at the end of the reporting period | 184,719,493.29 | 12,300,535.05 |
| Changes in number of units in circulation |  |  |
|  | Unit class H No. of units | Unit class I No. of units | Unit class R No. of units | Unit class CHF-IT No. of units |
| Units outstanding at the beginning of the reporting period | 188,461.626 | 1,141,144.616 | 208,761.701 | 1,415,008.272 |
| Units issued | 1,156.888 | 230,146.023 | 17,120.180 | 808,273.068 |
| Units redeemed | -8,435.883 | -113,075.494 | -55,861.337 | -588,869.072 |
| Units outstanding at the end of reporting period | 181,182.631 | 1,258,215.145 | 170,020.544 | 1,634,412.268 |

Units outstanding at the beginning of the reporting period
Unit class IT No. of units
94,237.438
Units issued	91,747.130
Units redeemed	-62,274.485
Units outstanding at the end of reporting period	123,710.083
| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Performance as a per cent 1) |
| As at: 30.09.2022 |
|  | ISIN | Unit class |  |  |  |  | since |
| Funds | WKN | currency | 6 months | 1 year | 3 years | 10 years | launch |
| Flossbach von Storch - Global Convertible Bond H since 19.05.1999 | LU0097335235 989977 | EUR | -13.08% | -17.43% | -6.92% | 20.88% | 74.20% |
| Flossbach von Storch - Global Convertible Bond I since 12.10.2007 | LU0320533861 A0M1D4 | EUR | -12.99% | -17.27% | -6.36% | 23.29% | 40.01% |
| Flossbach von Storch - Global Convertible Bond R since 04.08.2008 | LU0366179009 A0Q2PU | EUR | -13.30% | -17.85% | -8.31% | 14.92% | 44.64% |
| Flossbach von Storch - Global Convertible Bond CHF-IT since 30.09.2013 | LU0952573565 A1W17Z | CHF | -12.97% | -17.32% | -6.89% | — | 10.61% |
| Flossbach von Storch - Global Convertible Bond IT since 17.10.2016 | LU1481584875 A2AQM9 | EUR | -12.99% | -17.27% | -6.36% | — | -0.57% |

1) Based on published unit values (BVI method), ultimately corresponds to the guidelines on the "Calculation and publication of performance data of collective investment schemes" issued by the Asset Management Association Switzerland on 16 May 2008 (version dated 5 August 2021).
Past performance is not an indicator of current or future performance. The performance data do not include the commissions and charges that are levied when shares are issued and redeemed.
| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Statement of income and expenses |
| in the reporting period from 1 October 2021 to 30 September 2022 |
| Total | Unit class H | Unit class I | Unit class R |
| EUR | EUR | EUR | EUR |
| Income |  |  |  |
| Dividends	405,621.34 | 27,657.18 | 186,195.83 | 24,473.00 |
| Interest on bonds	2,843,580.20 | 194,767.47 | 1,302,401.28 | 174,388.62 |
| Bank interest	-4,748.38 | -1,121.41 | -3,446.80 | -1,770.57 |
| Income equalisation	165,827.82 | -2,939.66 | 63,795.37 | -22,485.54 |
| Total income	3,410,280.98 | 218,363.58 | 1,548,945.68 | 174,605.51 |
| Expenses |  |  |  |
| Interest expense	-18,336.40 | -1,260.00 | -8,572.92 | -1,102.70 |
| Management fee / fund management fee	-3,414,957.83 | -280,157.47 | -1,447,155.99 | -393,080.88 |
| Depositary fee	-78,509.15 | -5,389.67 | -36,046.03 | -4,819.81 |
| Central administration agent fee	-33,523.38 | -2,301.19 | -15,392.56 | -2,057.44 |
| Taxe d’abonnement	-227,989.35 | -15,656.72 | -104,587.70 | -14,023.24 |
| Publication and auditing costs	-18,224.05 | -1,257.56 | -8,360.36 | -1,143.34 |
| Typesetting, printing and dispatch costs for the annual and semi- |  |  |  |
| annual reports	-1,125.06 | -76.18 | -525.26 | -66.49 |
| Registrar and transfer agent fee	-11,963.96 | -816.47 | -5,538.13 | -736.12 |
| State fees	-4,607.27 | -300.72 | -2,035.04 | -267.96 |
| Other expenses 1)	-107,526.37 | -7,145.09 | -48,109.49 | -6,408.72 |
| Expense equalisation	-167,688.94 | 4,782.16 | -74,818.02 | 50,785.69 |
| Total expenses	-4,084,451.76 | -309,578.91 | -1,751,141.50 | -372,921.01 |
| Ordinary net expenditure	-674,170.78 | -91,215.33 | -202,195.82 | -198,315.50 |
| Total transaction costs during the financial year 2)	39,384.74 |  |  |  |
| Total expense ratio in per cent 2) | 0.99 | 0.79 | 1.49 |
| Ongoing charges in per cent 2) | 0.99 | 0.79 | 1.49 |

1) This item mainly comprises sub-depositary fees and general administrative expenses.
2) See the notes to the annual report.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Statement of income and expenses 
(continued)
in the reporting period from 1 October 2021 to 30 September 2022
|  | Unit class CHF-IT | Unit class IT |
| --- | --- | --- |
| EUR | EUR |
| Income |  |  |
| Dividends | 156,034.16 | 11,261.17 |
| Interest on bonds | 1,088,884.34 | 83,138.49 |
| Bank interest | 1,442.66 | 147.74 |
| Income equalisation | 125,093.32 | 2,364.33 |
| Total income | 1,371,454.48 | 96,911.73 |
| Expenses |  |  |
| Interest expense | -6,856.45 | -544.33 |
| Management fee / fund management fee | -1,203,174.61 | -91,388.88 |
| Depositary fee | -29,976.78 | -2,276.86 |
| Central administration agent fee | -12,799.70 | -972.49 |
| Taxe d’abonnement | -87,123.72 | -6,597.97 |
| Publication and auditing costs | -6,946.32 | -516.47 |
| Typesetting, printing and dispatch costs for the annual and semi- annual reports | -421.98 | -35.15 |
| Registrar and transfer agent fee | -4,516.37 | -356.87 |
| State fees | -1,873.03 | -130.52 |
| Other expenses 1) | -42,713.89 | -3,149.18 |
| Expense equalisation | -144,882.59 | -3,556.18 |
| Total expenses | -1,541,285.44 | -109,524.90 |
| Ordinary net expenditure | -169,830.96 | -12,613.17 |
| Total expense ratio in per cent 2) | 0.79 | 0.79 |
| Ongoing charges in per cent 2) | 0.79 | 0.79 |

1) This item mainly comprises sub-depositary fees and general administrative expenses.
2) See the notes to the annual report.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Statement of assets as at 30 September 2022
Additions
in the
Disposals
in the
Market value
% share
of
ISIN	Securities
Equities, rights and participation certificates Exchange-traded securities
United States of America
reporting period reporting period	Quantity	Price
EUR
NSFA 1)
| US0605056821 Bank of America Corporation -Preferred USD	769	769	7,500 1,173.2600	9,011,213.522.03 Shares- |
| --- |
| 9,011,213.52 | 2.03 |
| Exchange-traded securities | 9,011,213.52 | 2.03 |
| Equities, rights and participation certificates | 9,011,213.52 | 2.03 |
| Bonds |  |  |
| Exchange-traded securities |  |  |
| EUR |  |  |  |  |  |  |  |  |
| XS2211183756 | 2.031% | Prosus NV Reg.S. v.20(2032) | 0 | 0 | 4,000,000 | 64.2500 | 2,570,000.00 | 0.58 |
| XS2523390271 | 2.500% | RWE AG Reg.S. v.22(2025) | 3,300,000 | 0 | 3,300,000 | 97.1240 | 3,205,092.00 | 0.72 |
|  |  |  |  |  |  |  | 5,775,092.00 | 1.30 |
| USD |  |  |  |  |  |  |  |  |
| US912810TH14 | 3.250% | United States of America v.22(2042) | 1,000,000 | 0 | 1,000,000 | 89.1016 | 912,458.40 | 0.21 |
|  |  |  |  |  |  |  | 912,458.40 | 0.21 |
| Exchange-traded securities	6,687,550.401.51 Securities admitted to trading or included in organised markets |
| EUR |  |  |  |  |  |  |  |  |
| XS2114413565 | 2.875% | AT & T Inc. Fix-to-Float Perp. | 2,000,000 | 0 | 6,200,000 | 88.2600 | 5,472,120.00 | 1.23 |
| XS2294155739 | 2.625% | Heimstaden Bostad AB Reg.S. Fix-to- Float Perp. | 2,500,000 | 0 | 2,500,000 | 58.7960 | 1,469,900.00 | 0.33 |
|  |  |  |  |  |  |  | 6,942,020.00 | 1.56 |
| USD |  |  |  |  |  |  |  |  |
| US58733RAF91 | 3.125% | Mercadolibre Inc. v.21(2031) | 2,000,000 | 2,000,000 | 5,000,000 | 71.0880 | 3,639,938.56 | 0.82 |
| US30251GBC06 | 4.375% | FMG Resources [August 2006] Pty Ltd. 144A v.21(2031) | 0 | 0 | 5,000,000 | 77.2500 | 3,955,453.15 | 0.89 |
| US90353TAK60 | 4.500% | Uber Technologies Inc. 144A v.21 (2029) | 0 | 0 | 4,000,000 | 83.1000 | 3,403,993.86 | 0.77 |
|  |  |  |  |  |  |  | 10,999,385.57 | 2.48 |
| Securities admitted to trading or included in organised markets | 17,941,405.57 | 4.04 |
| Bonds | 24,628,955.97 | 5.55 |
| Convertible bonds |  |  |
| Exchange-traded securities |  |  |
| EUR |  |  |  |  |  |  |  |  |
| XS2257580857 | 0.750% | Cellnex Telecom S.A./Cellnex Telecom S.A. Reg.S. CV v.20(2031) | 6,000,000 | 0 | 13,000,000 | 64.3600 | 8,366,800.00 | 1.89 |
| XS2303829308 | 0.000% | JPMorgan Chase Bank N.A./Siemens AGReg. S. CV v.21(2024) | 5,700,000 | 0 | 5,700,000 | 96.0900 | 5,477,130.00 | 1.24 |
| XS2296019891 | 0.000% | Just Eat Takeaway.com N.V./Just Eat Takeaway.com N.V. Reg.S. CV v.21(2025) | 4,600,000 | 0 | 4,600,000 | 76.7660 | 3,531,236.00 | 0.80 |
| XS2296021798 | 0.625% | Just Eat Takeaway.com N.V./Just Eat Takeaway.com N.V. Reg.S. CV v.21(2028) | 0 | 0 | 7,000,000 | 63.0830 | 4,415,810.00 | 1.00 |
| XS2198575271 | 2.000% | Lagfin S.C.A./Davide Campari-Milano NV Reg.S. CV v.20(2025) | 6,400,000 | 4,100,000 | 2,300,000 | 104.2500 | 2,397,750.00 | 0.54 |

1) NSFA = net sub-fund assets. Due to rounding differences in individual amounts, totals may differ from the actual value.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Statement of assets as at 30 September 2022 (continued)
| ISIN | Securities | Additions in the reporting period | Disposals in the reporting period | Quantity | Price | Market value EUR | % share of NSFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| DE000A2LQRA1 | 0.000% | RAG-Stiftung/Evonik Industries AG Reg.S. CV v.18(2024) | 0 | 3,500,000 | 7,500,000 | 92.6770 | 6,950,775.00 | 1.57 |  |
| XS2295233501 | 0.000% | SGX Treasury I Pte. Ltd./SGX Treasury Reg.S. CV v.21(2024) | 5,500,000 | 0 | 5,500,000 | 100.5000 | 5,527,500.00 | 1.25 |  |
|  |  |  |  |  |  |  | 36,667,001.00 | 8.29 |  |
| USD |  |  |  |  |  |  |  |  |  |
| XS2523390867 | 2.500% | Lenovo Group Ltd./Lenovo Group Ltd. Reg. S. CV v.22(2029) | 5,900,000 | 0 | 5,900,000 | 88.4990 | 5,347,097.80 | 1.21 |  |
| XS2333568751 | 0.000% | Meituan/Meituan Reg.S. CV v.21(2027) | 0 | 2,000,000 | 3,500,000 | 81.9000 | 2,935,483.87 | 0.66 |  |
| XS2333569056 | 0.000% | Meituan/Meituan Reg.S. CV v.21(2028) | 0 | 1,500,000 | 5,000,000 | 75.6890 | 3,875,524.83 | 0.87 |  |
| XS1908221507 | 1.000% | Qiagen NV/Qiagen NV Reg.S. CV v.18(2024) | 3,600,000 | 0 | 5,600,000 | 104.1900 | 5,975,053.76 | 1.35 |  |
| DE000A286LP0 | 0.000% | Qiagen NV/Qiagen NV Reg.S. CV v.20(2027) | 3,400,000 | 0 | 8,400,000 | 86.7500 | 7,462,365.59 | 1.68 |  |
| US81141RAG56 | 0.250% | Sea Ltd./Sea Ltd. CV v.21(2026) | 5,000,000 | 0 | 5,000,000 | 69.3423 | 3,550,553.00 | 0.80 |  |
| US84921RAB69 | 0.000% | Spotify USA Inc./SPOTIFY TECHNOLOGY S.A. CV v.21(2026) | 11,700,000 | 2,700,000 | 9,000,000 | 79.7910 | 7,354,009.22 | 1.66 |  |
|  |  |  |  |  |  |  | 36,500,088.07 | 8.23 |  |
| Exchange-traded securities |  |  |  |  | 73,167,089.07 | 16.52 |  |
| Securities admitted to trading or included in organised markets |  |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |  |
| DE000A2LQRW5 0.050% adidas AG CV v.18(2023) | 7,000,000 | 0 | 7,000,000 | 97.5910 | 6,831,370.00 | 1.54 |  |
| XS2308171383 | 0.000% | América Móvil B.V./Koninklijke KPN NV Reg. S. CV v.21(2024) | 6,100,000 | 11,000,000 | 7,100,000 | 99.4100 | 7,058,110.00 | 1.59 |  |
| FR0013457942 | 0.000% | Atos SE/Worldline S.A. Reg.S. CV v.19(2024) | 2,400,000 | 0 | 8,500,000 | 74.6600 | 6,346,100.00 | 1.43 |  |
| XS2021212332 | 0.500% | Cellnex Telecom S.A./Cellnex Telecom S.A. Reg.S. CV v.19(2028) | 2,400,000 | 0 | 4,400,000 | 92.6150 | 4,075,060.00 | 0.92 |  |
| XS2339426004 | 0.000% | Diasorin S.p.A./Diasorin S.p.A. Reg.S. CV v.21 (2028) | 7,000,000 | 0 | 7,000,000 | 78.9100 | 5,523,700.00 | 1.25 |  |
| DE000A2G87D4 | 0.050% | Dte. Post AG/Dte. Post AG Reg.S. CV v.17 (2025) | 6,300,000 | 0 | 11,000,000 | 93.6320 | 10,299,520.00 | 2.32 |  |
| DE000A3H2XR6 | 0.750% | Dürr AG/Dürr AG Reg.S. CV v.20(2026) | 5,500,000 | 0 | 5,500,000 | 90.1370 | 4,957,535.00 | 1.12 |  |
| FR0013534518 | 0.000% | Electricité de France S.A. (E.D.F.)/Electricité de France S.A. (E.D.F.) Reg.S. CV Green Bond v.20(2024) | 400,000 | 560,000 | 430,000 | 15.3000 | 6,579,000.00 | 1.48 |  |
| XS2051856669 | 0.000% | Eliott Capital S.a.r.L./Holcim Ltd. Reg.S. CV v.19(2022) | 1,000,000 | 2,000,000 | 5,000,000 | 99.3750 | 4,968,750.00 | 1.12 |  |
| XS1965536656 | 0.000% | GN Store A/S CV v.19(2024) | 7,500,000 | 0 | 9,500,000 | 89.2460 | 8,478,370.00 | 1.91 |  |
| XS2470870366 | 0.000% | JPMorgan Chase Financial Company LLC/ Dte. Telekom AG Reg.S. CV v.22(2025) | 11,000,000 | 0 | 11,000,000 | 99.6850 | 10,965,350.00 | 2.47 |  |
| FR0014005AO4 | 1.875% | Korian S.A./Korian S.A. Fix-to-float CV Perp. | 50,000 | 0 | 138,417 | 32.4000 | 4,477,687.87 | 1.01 |  |
| FR0013489739 | 0.000% | Korian SE/Korian SE Reg.S. CV v.20(2027) | 0 | 40,000 | 145,000 | 43.9680 | 6,375,360.00 | 1.44 |  |
| DE000A289T23 | 0.400% | LEG Immobilien SE/LEG Immobilien SE Reg. S. CV v.20(2028) | 8,000,000 | 0 | 14,500,000 | 73.8010 | 10,701,145.00 | 2.41 |  |
| XS2388456456 | 0.000% | Mondelez International Holdings Netherlands BV/JDE Peets BV Reg.S. CV v.21 (2024) | 3,400,000 | 6,600,000 | 3,400,000 | 100.4900 | 3,416,660.00 | 0.77 |  |
| DE000A2YPE76 | 0.050% | MTUAero Engines AG/MTUAero Engines AG Reg.S. CV v.19(2027) | 2,500,000 | 0 | 6,500,000 | 82.6300 | 5,370,950.00 | 1.21 |  |
| XS2305842903 | 0.000% | Nexi S.p.A./Nexi S.p.A. Reg.S. CV v.21(2028) | 7,800,000 | 0 | 17,200,000 | 69.3800 | 11,933,360.00 | 2.69 |  |

1) NSFA = net sub-fund assets. Due to rounding differences in individual amounts, totals may differ from the actual value.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Statement of assets as at 30 September 2022 (continued)
| ISIN | Securities | Additions in the reporting period | Disposals in the reporting period | Quantity | Price | Market value EUR | % share of NSFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| XS2294704007 | 0.000% | Prysmian S.p.A./Prysmian S.p.A. Reg.S. CV v.21(2026) | 2,000,000 | 0 | 5,500,000 | 91.9500 | 5,057,250.00 | 1.14 |  |
| DE000A3E44N7 | 0.000% | RAG-Stiftung/Evonik Industries AG Reg.S. CV v.20(2026) | 10,100,000 | 0 | 17,700,000 | 87.9200 | 15,561,840.00 | 3.51 |  |
| BE6327660591 | 0.000% | Sagerpar/Groupe Bruxelles Lambert S.A. [GBL] Reg.S. CV v.21(2026) | 5,500,000 | 0 | 20,500,000 | 88.7300 | 18,189,650.00 | 4.10 |  |
| FR0013520681 | 0.000% | Selena SAS/PUMA SE Reg.S. CV v.20(2025) | 11,000,000 | 3,700,000 | 11,000,000 | 89.6900 | 9,865,900.00 | 2.23 |  |
| DE000A287RE9 | 0.000% | Shop Apotheke Europe NV/Shop Apotheke Europe NV Reg.S. CV v.21(2028) | 7,100,000 | 0 | 9,600,000 | 64.0370 | 6,147,552.00 | 1.39 |  |
| DE000A3E46Y9 | 0.625% | TAG Immobilien AG/TAG Immobilien AG Reg.S. CV v.20(2026) | 0 | 0 | 15,500,000 | 73.9590 | 11,463,645.00 | 2.59 |  |
| FR0013444148 | 0.000% | Veolia Environnement S.A./Veolia Environnement S.A. Reg.S. CV v.19 (2025) | 150,000 | 0 | 150,000 | 29.1020 | 4,365,300.00 | 0.99 |  |
|  |  |  |  |  |  |  | 189,009,164.87 | 42.63 |  |
| USD |  |  |  |  |  |  |  |  |  |
| US00971TAL52 | 0.375% | Akamai Technologies Inc./Akamai Technologies Inc. CV v.19(2027) | 3,600,000 | 1,700,000 | 12,500,000 | 93.9150 | 12,021,889.40 | 2.71 |  |
| DE000A1Z3XP8 | 1.875% | Brenntag Finance BV/Brenntag SE Reg.S. CV v.15(2022) | 4,500,000 | 0 | 4,500,000 | 99.5660 | 4,588,294.93 | 1.04 |  |
| US12685JAE55 | 0.000% | Cable One Inc./Cable One Inc. CVv.21(2026) | 12,000,000 | 0 | 12,000,000 | 76.4526 | 9,395,096.77 | 2.12 |  |
| FR0013261062 | 0.000% | Carrefour S.A./Carrefour S.A. Reg.S. CV v.17 (2023) | 2,600,000 | 0 | 2,600,000 | 96.5000 | 2,569,380.44 | 0.58 |  |
| US163072AA98 | 0.375% | Cheesecake Factory Inc./Cheesecake Factory Inc. CV v.21(2026) | 2,500,000 | 0 | 7,000,000 | 78.9380 | 5,658,637.99 | 1.28 |  |
| US29786AAJ51 | 0.125% | Etsy Inc./Etsy Inc. CV v.19(2026) | 1,000,000 | 0 | 1,000,000 | 134.7610 | 1,380,040.96 | 0.31 |  |
| US29786AAN63 | 0.250% | Etsy Inc./Etsy Inc. CV v.21(2028) | 9,500,000 | 0 | 9,500,000 | 77.2500 | 7,515,360.98 | 1.70 |  |
| US33835LAA35 | 0.000% | Fiverr International Ltd./Fiverr International Ltd. CV v.20(2025) | 5,000,000 | 0 | 5,000,000 | 77.6300 | 3,974,910.39 | 0.90 |  |
| US345370CZ16 | 0.000% | Ford Motor Co./Ford Motor Co. CV v.22 (2026) | 2,200,000 | 0 | 2,200,000 | 92.7370 | 2,089,312.85 | 0.47 |  |
| US472145AF83 | 2.000% | Jazz Investments I Ltd./Jazz Pharmaceuticals Plc. CV v.20(2026) | 6,100,000 | 1,100,000 | 12,000,000 | 107.0300 | 13,152,688.17 | 2.97 |  |
| US531229AG76 | 2.125% | Liberty Media Corporation/Sirius XM Holdings Inc. CV v.18(2048) | 2,700,000 | 2,500,000 | 5,200,000 | 94.7288 | 5,044,441.99 | 1.14 |  |
| US531229AJ16 | 2.750% | Liberty Media Corporation/Sirius XM Holdings Inc. CV v.19(2049) | 0 | 0 | 4,000,000 | 91.1975 | 3,735,688.68 | 0.84 |  |
| US44932FAA57 | 0.875% | MatchGroupFinanceCo2Inc./MatchGroup Inc. CV v.19(2026) | 5,000,000 | 0 | 5,000,000 | 89.5040 | 4,582,898.11 | 1.03 |  |
| US44932KAA43 | 2.000% | MatchGroupFinanceCo3Inc./MatchGroup Inc. CV v.19(2030) | 4,000,000 | 0 | 4,000,000 | 89.3390 | 3,659,559.65 | 0.83 |  |
| US653656AB42 | 0.000% | NICE Ltd./NICE Ltd. CV v.20(2025) | 1,400,000 | 2,000,000 | 3,400,000 | 92.7349 | 3,228,864.93 | 0.73 |  |
| US83304AAF30 | 0.000% | Snap Inc./Snap Inc. CV v.21(2027) | 8,000,000 | 1,000,000 | 7,000,000 | 69.1950 | 4,960,215.05 | 1.12 |  |
| US83304AAG13 | 0.125% | Snap Inc./Snap Inc. CV v.22(2028) | 4,700,000 | 0 | 4,700,000 | 67.7510 | 3,260,928.83 | 0.74 |  |
| US90353TAJ97 | 0.000% | Uber Technologies Inc./Uber Technologies Inc. CV v.20(2025) | 11,500,000 | 7,700,000 | 3,800,000 | 82.4530 | 3,208,616.49 | 0.72 |  |

1) NSFA = net sub-fund assets. Due to rounding differences in individual amounts, totals may differ from the actual value.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND
| ISIN | Securities | Additions in the reporting period | Disposals in the reporting period | Quantity | Price | Market value EUR | % share of NSFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| US91688FAB04 | 0.250% | Upwork Inc./Upwork Inc. CV v.21(2026) | 6,400,000 | 0 | 6,400,000 | 73.9030	4,843,617.00 | 1.09 |  |
| US92940WAD11 | 0.000% | Wix.com Ltd./Wix.com Ltd. CV v.20 (2025) | 4,000,000 | 3,400,000 | 6,100,000 | 84.3655	5,270,143.88 | 1.19 |  |


#### Statement of assets as at 30 September 2022 (continued)
|  | 104,140,587.49 | 23.51 |
| --- | --- | --- |
| Securities admitted to trading or included in organised markets |  |  |  | 293,149,752.36 | 66.14 |
| Convertible bonds |  |  |  | 366,316,841.43 | 82.66 |
| Securities holdings |  |  |  | 399,957,010.92 | 90.24 |
| Options |  |  |  |  |  |
| Long positions |  |  |  |  |  |
| EUR |  |  |  |  |  |
| Call on BASF SE December 2023/68.00 | 1,300 | 400 | 900 | 25,200.00 | 0.01 |
| Call on Brenntag SE June 2023/84.00 | 500 | 0 | 500 | 48,500.00 | 0.01 |
| Call on Dte. Post AG June 2023/60.00 | 800 | 0 | 800 | 800.00 | 0.00 |
|  |  |  |  | 74,500.00 | 0.02 |
| USD |  |  |  |  |  |
| Call on Alibaba Group Holding Ltd. ADR June 2023/190.00 | 0 | 0 | 90 | 6,589.86 | 0.00 |
| Call on Barrick Gold Corporation January 2023/25.00 | 0 | 0 | 1,450 | 14,106.50 | 0.00 |
| Call on Newmont Corporation January 2023/70.00 | 0 | 200 | 300 | 5,990.78 | 0.00 |
| Call on Newmont Corporation January 2024/77.50 | 250 | 0 | 250 | 22,529.44 | 0.01 |
| Call on Pinterest Inc. January 2023/55.00 | 500 | 0 | 500 | 10,752.69 | 0.00 |
|  |  |  |  | 59,969.27 | 0.01 |
| Long positions |  |  |  | 134,469.27 | 0.03 |
| Options |  |  |  | 134,469.27 | 0.03 |
| Bank balances - current account 2) |  |  |  | 45,863,666.20 | 10.35 |
| Balance of other receivables and payables |  |  |  | -2,812,944.41 | -0.62 |
| Net sub-fund assets in EUR |  |  |  | 443,142,201.98 | 100.00 |


#### Forward exchange transactions
As at 30 September 2022, the following forward exchange transactions were outstanding:
Currency	Counterparty	Currency amount
Market value
EUR
% share
of NSFA 1)
| CHF/EUR | DZ PRIVATBANK S.A. | Currency purchases | 224,000,000.00 | 234,094,599.42 | 52.83 |
| --- | --- | --- | --- | --- | --- |
| GBP/EUR | J.P. Morgan SE | Currency purchases | 4,000,000.00 | 4,508,042.91 | 1.02 |
| USD/EUR | DZ PRIVATBANK S.A. | Currency purchases | 2,000,000.00 | 2,046,153.03 | 0.46 |
| USD/EUR | J.P. Morgan SE | Currency purchases | 5,500,000.00 | 5,626,920.82 | 1.27 |
| EUR/CHF | DZ PRIVATBANK S.A. | Currency sales | 44,500,000.00 | 46,489,194.58 | 10.49 |
| EUR/GBP | J.P. Morgan SE | Currency sales | 4,000,000.00 | 4,508,042.91 | 1.02 |
| EUR/USD | DZ PRIVATBANK S.A. | Currency sales | 62,000,000.00 | 63,270,923.03 | 14.28 |
| EUR/USD | J.P. Morgan SE | Currency sales | 120,900,000.00 | 123,421,464.79 | 27.85 |

1) NSFA = net sub-fund assets. Due to rounding differences in individual amounts, totals may differ from the actual value.
2) See the notes to the annual report.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Exchange rates
The values of assets denominated in foreign currencies are given in euro, applying the exchange rates prevailing on 30 September 2022 as stated below.
| Australian dollar | AUD | 1 | 1.5076 |
| --- | --- | --- | --- |
| British pound | GBP | 1 | 0.8848 |
| Danish krone | DKK | 1 | 7.4361 |
| Hong Kong dollar | HKD | 1 | 7.6652 |
| Japanese yen | JPY | 1 | 141.1824 |
| Norwegian krone | NOK | 1 | 10.4984 |
| Swedish krona | SEK | 1 | 10.9534 |
| Swiss franc | CHF | 1 | 0.9578 |
| Singapore dollar | SGD | 1 | 1.4020 |
| US dollar | USD | 1 | 0.9765 |

Translation (ENDE, 2022-09-30):
# FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND
Jahresbericht
1. Oktober 2021 - 30. September 2022
Die Verwaltungsgesellschaft des Fonds ist berechtigt, Anteilklassen mit unterschiedlichen Rechten hinsichtlich der Anteile zu bilden. Derzeit bestehen die folgenden Anteilklassen mit den Ausgestaltungsmerkmalen:
|  | Anteilklasse H | Anteilklasse I | Anteilklasse R | Anteilklasse CHF-IT |
| --- | --- | --- | --- | --- |
| WP-Kenn-Nr.: | 989977 | A0M1D4 | A0Q2PU | A1W17Z |
| ISIN-Code: | LU0097335235 | LU0320533861 | LU0366179009 | LU0952573565 |
| Ausgabeaufschlag: | keiner | bis zu 5,00 % | bis zu 5,00 % | bis zu 5,00 % |
| Rücknahmeabschlag: | keiner | keiner | keiner | keiner |
| Verwaltungsvergütung: | 0,88 % p.a. | 0,68 % p.a. | 1,38 % p.a. | 0,68 % p.a. |
| Mindesterstanlage: | keine | 1.000.000,00 EUR | keine | 1.000.000,00 CHF |
| Ertragsverwendung: | ausschüttend | ausschüttend | ausschüttend | thesaurierend |
| Währung: | EUR | EUR | EUR | CHF |
|  | Anteilklasse IT |  |
| WP-Kenn-Nr.: | A2AQM9 |
| ISIN-Code: | LU1481584875 |
| Ausgabeaufschlag: | bis zu 5,00 % |
| Rücknahmeabschlag: | keiner |
| Verwaltungsvergütung: | 0,68 % p.a. |
| Mindesterstanlage: | 1.000.000,00 EUR |
| Ertragsverwendung: | thesaurierend |
| Währung: | EUR |

| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Geografische Länderaufteilung 1) |
| Vereinigte Staaten von Amerika | 26,53 % |
| Deutschland | 16,99 % |
| Niederlande | 10,20 % |
| Frankreich | 9,16 % |
| Italien | 5,08 % |
| Belgien | 4,10 % |
| Bermudas | 2,97 % |
| Israel | 2,82 % |
| Spanien | 2,81 % |
| Cayman Inseln | 2,33 % |
| Dänemark | 1,91 % |
| Luxemburg | 1,66 % |
| Singapur | 1,25 % |
| Hongkong | 1,21 % |
| Australien | 0,89 % |
| Schweden | 0,33 % |
| Wertpapiervermögen | 90,24 % |
| Optionen | 0,03 % |
| Bankguthaben 2) | 10,35 % |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten | -0,62 % |
|  | 100,00 % |

1) Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2) Siehe Erläuterungen zum Jahresbericht.
| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Branchenaufteilung 1) |
| Groß- und Einzelhandel | 18,98 % |
| Diversifizierte Finanzdienste | 14,40 % |
| Gesundheitswesen: Ausstattung & Dienste | 6,73 % |
| Investitionsgüter | 6,28 % |
| Hardware & Ausrüstung | 5,46 % |
| Software & Dienste | 5,35 % |
| Immobilien | 5,33 % |
| Energie | 5,08 % |
| Media & Entertainment | 4,10 % |
| Banken | 3,27 % |
| Versorgungsbetriebe | 3,19 % |
| Pharmazeutika, Biotechnologie & Biowissenschaften | 2,97 % |
| Transportwesen | 2,32 % |
| Roh-, Hilfs- & Betriebsstoffe | 1,93 % |
| Gebrauchsgüter & Bekleidung | 1,54 % |
| Lebensmittel, Getränke & Tabak | 1,35 % |
| Verbraucherdienste | 1,28 % |
| Automobile & Komponenten | 0,47 % |
| Sonstiges | 0,21 % |
| Wertpapiervermögen | 90,24 % |
| Optionen | 0,03 % |
| Bankguthaben 2) | 10,35 % |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten | -0,62 % |
|  | 100,00 % |
| Entwicklung der letzten 3 Geschäftsjahre |  |
| Anteilklasse H |  |
|  | Netto- Anteilklassenvermögen |  | Netto- Mittelaufkommen | Anteilwert |
| Datum | Mio. EUR | Umlaufende Anteile | Tsd. EUR | EUR |
| 30.09.2020 | 34,05 | 194.792 | 62,62 | 174,81 |
| 30.09.2021 | 35,07 | 188.462 | -1.176,94 | 186,09 |
| 30.09.2022 | 27,66 | 181.183 | -1.299,53 | 152,66 |

| Anteilklasse I |  |
| --- | --- |
|  | Netto- Anteilklassenvermögen |  | Netto- Mittelaufkommen | Anteilwert |
| Datum | Mio. EUR | Umlaufende Anteile | Tsd. EUR | EUR |
| 30.09.2020 | 300,76 | 1.689.821 | -18.017,46 | 177,98 |
| 30.09.2021 | 216,67 | 1.141.145 | -101.823,30 | 189,87 |
| 30.09.2022 | 196,40 | 1.258.215 | 20.813,54 | 156,09 |

1) Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2) Siehe Erläuterungen zum Jahresbericht.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Entwicklung der letzten 3 Geschäftsjahre 
(Fortsetzung)
Anteilklasse R
|  | Netto- Anteilklassenvermögen |  | Netto- Mittelaufkommen |  | Anteilwert |
| --- | --- | --- | --- | --- | --- |
| Datum | Mio. EUR | Umlaufende Anteile | Tsd. EUR |  | EUR |
| 30.09.2020 | 27,47 | 183.109 | -3.431,58 |  | 150,03 |
| 30.09.2021 | 33,18 | 208.762 | 4.041,37 |  | 158,95 |
| 30.09.2022 | 22,06 | 170.021 | -5.594,00 |  | 129,76 |
| Anteilklasse CHF-IT |  |  |  |  |  |
|  | Netto- Anteilklassenvermögen |  | Netto- Mittelaufkommen | Anteilwert | Anteilwert |
| Datum | Mio. EUR | Umlaufende Anteile | Tsd. EUR | EUR | CHF |
| 30.09.2020 | 141,01 | 1.247.063 | 55.171,21 | 113,07 1) | 122,23 |
| 30.09.2021 | 170,94 | 1.415.008 | 20.445,04 | 120,81 2) | 130,93 |
| 30.09.2022 | 184,72 | 1.634.412 | 26.111,18 | 113,02 3) | 108,25 |
| Anteilklasse IT |  |  |  |  |  |
|  | Netto- Anteilklassenvermögen |  | Netto- Mittelaufkommen |  | Anteilwert |
| Datum | Mio. EUR | Umlaufende Anteile | Tsd. EUR |  | EUR |
| 30.09.2020 | 5,66 | 50.573 | 4.202,08 |  | 111,93 |
| 30.09.2021 | 11,33 | 94.237 | 5.093,62 |  | 120,18 |
| 30.09.2022 | 12,30 | 123.710 | 3.641,73 |  | 99,43 |


#### Zusammensetzung des Netto-Teilfondsvermögens
zum 30. September 2022
EUR
Wertpapiervermögen	399.957.010,92
(Wertpapiereinstandskosten: EUR 444.815.966,14)
| Optionen | 134.469,27 |
| --- | --- |
| Bankguthaben 4) | 45.863.666,20 |
| Zinsforderungen | 789.090,38 |
| Dividendenforderungen | 97.446,23 |
| Forderungen aus Absatz von Anteilen | 55.196,24 |
| Forderungen aus Wertpapiergeschäften | 1.464.568,52 |
|  | 448.361.447,76 |
| Verbindlichkeiten aus Rücknahmen von Anteilen | -109.887,45 |
| Nicht realisierte Verluste aus Devisentermingeschäften | -4.749.693,78 |
| Sonstige Passiva 5) | -359.664,55 |
|  | -5.219.245,78 |
| Netto-Teilfondsvermögen | 443.142.201,98 |

1) umgerechnet Devisenkurse in Euro per 30. September 2020 1 EUR = 1,0810 CHF
2) umgerechnet Devisenkurse in Euro per 30. September 2021 1 EUR = 1,0838 CHF
3) umgerechnet Devisenkurse in Euro per 30. September 2022 1 EUR = 0,9578 CHF
4) Siehe Erläuterungen zum Jahresbericht.
5) Diese Position setzt sich im Wesentlichen zusammen aus Verwaltungsvergütung und Taxe d'abonnement.
| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Zurechnung auf die Anteilklassen |
| Anteilklasse H |  |  |  |
| Anteiliges Netto-Teilfondsvermögen |  |  | 27.659.367,33 EUR |
| Umlaufende Anteile |  |  | 181.182,631 |
| Anteilwert |  |  | 152,66 EUR |
| Anteilklasse I |  |  |  |
| Anteiliges Netto-Teilfondsvermögen |  |  | 196.401.029,17 EUR |
| Umlaufende Anteile |  |  | 1.258.215,145 |
| Anteilwert |  |  | 156,09 EUR |
| Anteilklasse R |  |  |  |
| Anteiliges Netto-Teilfondsvermögen |  |  | 22.061.777,14 EUR |
| Umlaufende Anteile |  |  | 170.020,544 |
| Anteilwert |  |  | 129,76 EUR |
| Anteilklasse CHF-IT |  |  |  |
| Anteiliges Netto-Teilfondsvermögen |  |  | 184.719.493,29 EUR |
| Umlaufende Anteile |  |  | 1.634.412,268 |
| Anteilwert |  |  | 113,02 EUR 1) |
| Anteilwert |  |  | 108,25 CHF |
| Anteilklasse IT |  |  |  |
| Anteiliges Netto-Teilfondsvermögen |  |  | 12.300.535,05 EUR |
| Umlaufende Anteile |  |  | 123.710,083 |
| Anteilwert |  |  | 99,43 EUR |
| Veränderung des Netto-Teilfondsvermögens |  |  |  |
| im Berichtszeitraum vom 1. Oktober 2021 bis zum 30. September 2022 |  |  |  |
| Total | Anteilklasse H | Anteilklasse I | Anteilklasse R |
| EUR | EUR | EUR | EUR |
| Netto-Teilfondsvermögen zu Beginn des Berichtszeitraumes	467.198.673,99 | 35.071.527,76 | 216.674.599,82 | 33.182.311,50 |
| Ordentlicher Nettoaufwand	-674.170,78 | -91.215,33 | -202.195,82 | -198.315,50 |
| Ertrags- und Aufwandsausgleich	1.861,12 | -1.842,50 | 11.022,65 | -28.300,15 |
| Mittelzuflüsse aus Anteilverkäufen	149.064.042,12 | 212.823,06 | 40.577.404,78 | 2.623.771,20 |
| Mittelabflüsse aus Anteilrücknahmen	-105.391.125,02 | -1.512.355,24 | -19.763.864,07 | -8.217.773,45 |
| Realisierte Gewinne	42.483.841,15 | 1.752.130,46 | 11.026.463,45 | 1.493.206,24 |
| Realisierte Verluste	-51.225.916,05 | -3.339.577,18 | -22.062.619,79 | -2.836.930,67 |
| Nettoveränderung nicht realisierter Gewinne	-3.883.308,48 | -672.857,57 | -4.484.300,87 | -628.070,80 |
| Nettoveränderung nicht realisierter Verluste	-52.630.819,81 | -3.534.699,24 | -24.009.652,35 | -3.117.640,49 |
| Ausschüttung	-1.800.876,26 | -224.566,89 | -1.365.828,63 | -210.480,74 |
| Netto-Teilfondsvermögen zum Ende des Berichtszeitraumes	443.142.201,98 | 27.659.367,33 | 196.401.029,17 | 22.061.777,14 |

1) umgerechnet Devisenkurse in Euro per 30. September 2022 1 EUR = 0,9578 CHF
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Veränderung des Netto-Teilfondsvermögens 
(Fortsetzung)
im Berichtszeitraum vom 1. Oktober 2021 bis zum 30. September 2022
|  | Anteilklasse CHF-IT EUR | Anteilklasse IT EUR |  |
| --- | --- | --- | --- |
| Netto-Teilfondsvermögen zu Beginn des Berichtszeitraumes | 170.944.475,83 | 11.325.759,08 |
| Ordentlicher Nettoaufwand | -169.830,96 | -12.613,17 |
| Ertrags- und Aufwandsausgleich | 19.789,27 | 1.191,85 |
| Mittelzuflüsse aus Anteilverkäufen | 95.328.009,24 | 10.322.033,84 |
| Mittelabflüsse aus Anteilrücknahmen | -69.216.824,98 | -6.680.307,28 |
| Realisierte Gewinne | 27.530.393,15 | 681.647,85 |
| Realisierte Verluste | -21.556.360,31 | -1.430.428,10 |
| Nettoveränderung nicht realisierter Gewinne | 2.217.083,60 | -315.162,84 |
| Nettoveränderung nicht realisierter Verluste | -20.377.241,55 | -1.591.586,18 |
| Ausschüttung | 0,00 | 0,00 |
| Netto-Teilfondsvermögen zum Ende des Berichtszeitraumes | 184.719.493,29 | 12.300.535,05 |
| Entwicklung der Anzahl der Anteile im Umlauf |  |  |
|  | Anteilklasse H Stück | Anteilklasse I Stück | Anteilklasse R Stück | Anteilklasse CHF-IT Stück |
| Umlaufende Anteile zu Beginn des Berichtszeitraumes | 188.461,626 | 1.141.144,616 | 208.761,701 | 1.415.008,272 |
| Ausgegebene Anteile | 1.156,888 | 230.146,023 | 17.120,180 | 808.273,068 |
| Zurückgenommene Anteile | -8.435,883 | -113.075,494 | -55.861,337 | -588.869,072 |
| Umlaufende Anteile zum Ende des Berichtszeitraumes | 181.182,631 | 1.258.215,145 | 170.020,544 | 1.634.412,268 |

Anteilklasse IT
Stück
Umlaufende Anteile zu Beginn des Berichtszeitraumes	94.237,438 Ausgegebene Anteile	91.747,130
Zurückgenommene Anteile	-62.274,485
Umlaufende Anteile zum Ende des Berichtszeitraumes	123.710,083
| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Wertentwicklung in Prozent 1) |
| Stand: 30.09.2022 |
|  | ISIN | Anteilklassen- |  |  |  |  | seit |
| Fonds | WKN | währung | 6 Monate | 1 Jahr | 3 Jahre | 10 Jahre | Auflegung |
| Flossbach von Storch - Global Convertible Bond H seit 19.05.1999 | LU0097335235 989977 | EUR | -13,08% | -17,43% | -6,92% | 20,88% | 74,20% |
| Flossbach von Storch - Global Convertible Bond I seit 12.10.2007 | LU0320533861 A0M1D4 | EUR | -12,99% | -17,27% | -6,36% | 23,29% | 40,01% |
| Flossbach von Storch - Global Convertible Bond R seit 04.08.2008 | LU0366179009 A0Q2PU | EUR | -13,30% | -17,85% | -8,31% | 14,92% | 44,64% |
| Flossbach von Storch - Global Convertible Bond CHF-IT seit 30.09.2013 | LU0952573565 A1W17Z | CHF | -12,97% | -17,32% | -6,89% | — | 10,61% |
| Flossbach von Storch - Global Convertible Bond IT seit 17.10.2016 | LU1481584875 A2AQM9 | EUR | -12,99% | -17,27% | -6,36% | — | -0,57% |

1) Auf Basis veröffentlichter Anteilwerte (BVI-Methode), entspricht im Ergebnis der Richtlinie zur “Berechnung und Publikation der Performance von kollektiven Kapitalanlagen“ der Asset Management Association Switzerland vom 16. Mai 2008 (Fassung vom 5. August 2021).
Die historische Performance stellt keinen Indikator für die laufende oder zukünftige Performance dar. Die Performancedaten lassen die bei der Ausgabe und Rücknahme der Anteile erhobenen Kommissionen und Kosten unberücksichtigt.
| FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND |  |
| --- | --- |
| Ertrags- und Aufwandsrechnung |
| im Berichtszeitraum vom 1. Oktober 2021 bis zum 30. September 2022 |
| Total | Anteilklasse H | Anteilklasse I | Anteilklasse R |
| EUR | EUR | EUR | EUR |
| Erträge |  |  |  |
| Dividenden	405.621,34 | 27.657,18 | 186.195,83 | 24.473,00 |
| Zinsen auf Anleihen	2.843.580,20 | 194.767,47 | 1.302.401,28 | 174.388,62 |
| Bankzinsen	-4.748,38 | -1.121,41 | -3.446,80 | -1.770,57 |
| Ertragsausgleich	165.827,82 | -2.939,66 | 63.795,37 | -22.485,54 |
| Erträge insgesamt	3.410.280,98 | 218.363,58 | 1.548.945,68 | 174.605,51 |
| Aufwendungen |  |  |  |
| Zinsaufwendungen	-18.336,40 | -1.260,00 | -8.572,92 | -1.102,70 |
| Verwaltungsvergütung / Fondsmanagementvergütung	-3.414.957,83 | -280.157,47 | -1.447.155,99 | -393.080,88 |
| Verwahrstellenvergütung	-78.509,15 | -5.389,67 | -36.046,03 | -4.819,81 |
| Zentralverwaltungsstellenvergütung	-33.523,38 | -2.301,19 | -15.392,56 | -2.057,44 |
| Taxe d'abonnement	-227.989,35 | -15.656,72 | -104.587,70 | -14.023,24 |
| Veröffentlichungs- und Prüfungskosten	-18.224,05 | -1.257,56 | -8.360,36 | -1.143,34 |
| Satz-, Druck- und Versandkosten der Jahres- und Halbjahresberichte	-1.125,06 | -76,18 | -525,26 | -66,49 |
| Register- und Transferstellenvergütung	-11.963,96 | -816,47 | -5.538,13 | -736,12 |
| Staatliche Gebühren	-4.607,27 | -300,72 | -2.035,04 | -267,96 |
| Sonstige Aufwendungen 1)	-107.526,37 | -7.145,09 | -48.109,49 | -6.408,72 |
| Aufwandsausgleich	-167.688,94 | 4.782,16 | -74.818,02 | 50.785,69 |
| Aufwendungen insgesamt	-4.084.451,76 | -309.578,91 | -1.751.141,50 | -372.921,01 |
| Ordentlicher Nettoaufwand	-674.170,78 | -91.215,33 | -202.195,82 | -198.315,50 |
| Transaktionskosten im Geschäftsjahr gesamt 2)	39.384,74 |  |  |  |
| Total Expense Ratio in Prozent 2) | 0,99 | 0,79 | 1,49 |
| Laufende Kosten in Prozent 2) | 0,99 | 0,79 | 1,49 |

1) Die Position setzt sich im Wesentlichen zusammen aus Lagerstellengebühren und allgemeinen Verwaltungskosten.
2) Siehe Erläuterungen zum Jahresbericht.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Ertrags- und Aufwandsrechnung 
(Fortsetzung)
im Berichtszeitraum vom 1. Oktober 2021 bis zum 30. September 2022
| Anteilklasse CHF-IT | Anteilklasse IT |
| --- | --- |
| EUR | EUR |
| Erträge |  |
| Dividenden	156.034,16 | 11.261,17 |
| Zinsen auf Anleihen	1.088.884,34 | 83.138,49 |
| Bankzinsen	1.442,66 | 147,74 |
| Ertragsausgleich	125.093,32 | 2.364,33 |
| Erträge insgesamt	1.371.454,48 | 96.911,73 |
| Aufwendungen |  |
| Zinsaufwendungen	-6.856,45 | -544,33 |
| Verwaltungsvergütung / Fondsmanagementvergütung	-1.203.174,61 | -91.388,88 |
| Verwahrstellenvergütung	-29.976,78 | -2.276,86 |
| Zentralverwaltungsstellenvergütung	-12.799,70 | -972,49 |
| Taxe d'abonnement	-87.123,72 | -6.597,97 |
| Veröffentlichungs- und Prüfungskosten	-6.946,32 | -516,47 |
| Satz-, Druck- und Versandkosten der Jahres- und Halbjahresberichte	-421,98 | -35,15 |
| Register- und Transferstellenvergütung	-4.516,37 | -356,87 |
| Staatliche Gebühren	-1.873,03 | -130,52 |
| Sonstige Aufwendungen 1)	-42.713,89 | -3.149,18 |
| Aufwandsausgleich	-144.882,59 | -3.556,18 |
| Aufwendungen insgesamt	-1.541.285,44 | -109.524,90 |
| Ordentlicher Nettoaufwand	-169.830,96 | -12.613,17 |
| Total Expense Ratio in Prozent 2)	0,79 | 0,79 |
| Laufende Kosten in Prozent 2)	0,79 | 0,79 |

1) Die Position setzt sich im Wesentlichen zusammen aus Lagerstellengebühren und allgemeinen Verwaltungskosten.
2) Siehe Erläuterungen zum Jahresbericht.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Vermögensaufstellung zum 30. September 2022
Zugänge
im
Abgänge
im
Kurswert
%-Anteil
vom
ISIN	Wertpapiere
Aktien, Anrechte und Genussscheine Börsengehandelte Wertpapiere Vereinigte Staaten von Amerika
Berichtszeitraum Berichtszeitraum	Bestand	Kurs
EUR
NTFV 1)
| US0605056821 Bank of America Corporation -Preferred USD	769	769	7.500 1.173,2600	9.011.213,52	2,03 Shares- |
| --- |
| 9.011.213,52 | 2,03 |
| Börsengehandelte Wertpapiere | 9.011.213,52 | 2,03 |
| Aktien, Anrechte und Genussscheine | 9.011.213,52 | 2,03 |
| Anleihen |  |  |
| Börsengehandelte Wertpapiere |  |  |
| EUR |  |  |  |  |  |  |  |  |
| XS2211183756 | 2,031% | Prosus NV Reg.S. v.20(2032) | 0 | 0 | 4.000.000 | 64,2500 | 2.570.000,00 | 0,58 |
| XS2523390271 | 2,500% | RWE AG Reg.S. v.22(2025) | 3.300.000 | 0 | 3.300.000 | 97,1240 | 3.205.092,00 | 0,72 |
|  |  |  |  |  |  |  | 5.775.092,00 | 1,30 |
| USD |  |  |  |  |  |  |  |  |
| US912810TH14 | 3,250% | Vereinigte Staaten von Amerika v.22 (2042) | 1.000.000 | 0 | 1.000.000 | 89,1016 | 912.458,40 | 0,21 |
|  |  |  |  |  |  |  | 912.458,40 | 0,21 |
| Börsengehandelte Wertpapiere	6.687.550,40	1,51 An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |
| EUR |  |  |  |  |  |  |  |  |
| XS2114413565 | 2,875% | AT & T Inc. Fix-to-Float Perp. | 2.000.000 | 0 | 6.200.000 | 88,2600 | 5.472.120,00 | 1,23 |
| XS2294155739 | 2,625% | Heimstaden Bostad AB Reg.S. Fix-to- Float Perp. | 2.500.000 | 0 | 2.500.000 | 58,7960 | 1.469.900,00 | 0,33 |
|  |  |  |  |  |  |  | 6.942.020,00 | 1,56 |
| USD |  |  |  |  |  |  |  |  |
| US58733RAF91 | 3,125% | Mercadolibre Inc. v.21(2031) | 2.000.000 | 2.000.000 | 5.000.000 | 71,0880 | 3.639.938,56 | 0,82 |
| US30251GBC06 | 4,375% | FMGResources[August 2006] Pty Ltd. 144A v.21(2031) | 0 | 0 | 5.000.000 | 77,2500 | 3.955.453,15 | 0,89 |
| US90353TAK60 | 4,500% | Uber Technologies Inc. 144A v.21 (2029) | 0 | 0 | 4.000.000 | 83,1000 | 3.403.993,86 | 0,77 |
|  |  |  |  |  |  |  | 10.999.385,57 | 2,48 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere | 17.941.405,57 | 4,04 |
| Anleihen | 24.628.955,97 | 5,55 |
| Wandelanleihen |  |  |
| Börsengehandelte Wertpapiere |  |  |
| EUR |  |  |  |  |  |  |  |  |
| XS2257580857 | 0,750% | Cellnex Telecom S.A./Cellnex Telecom S.A. Reg.S. CV v.20(2031) | 6.000.000 | 0 | 13.000.000 | 64,3600 | 8.366.800,00 | 1,89 |
| XS2303829308 | 0,000% | JPMorgan Chase Bank N.A./Siemens AGReg. S. CV v.21(2024) | 5.700.000 | 0 | 5.700.000 | 96,0900 | 5.477.130,00 | 1,24 |
| XS2296019891 | 0,000% | Just Eat Takeaway.com N.V./Just Eat Takeaway.com N.V. Reg.S. CV v.21(2025) | 4.600.000 | 0 | 4.600.000 | 76,7660 | 3.531.236,00 | 0,80 |
| XS2296021798 | 0,625% | Just Eat Takeaway.com N.V./Just Eat Takeaway.com N.V. Reg.S. CV v.21(2028) | 0 | 0 | 7.000.000 | 63,0830 | 4.415.810,00 | 1,00 |
| XS2198575271 | 2,000% | Lagfin S.C.A./Davide Campari-Milano NV Reg.S. CV v.20(2025) | 6.400.000 | 4.100.000 | 2.300.000 | 104,2500 | 2.397.750,00 | 0,54 |

1) NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Vermögensaufstellung zum 30. September 2022 
(Fortsetzung)
Zugänge
im
Abgänge
im
Kurswert
%-Anteil
vom
ISIN	Wertpapiere
Berichtszeitraum Berichtszeitraum	Bestand	Kurs
EUR
NTFV 1)
| DE000A2LQRA1 | 0,000% | RAG-Stiftung/Evonik Industries AG Reg.S. CV v.18(2024) | 0 | 3.500.000 | 7.500.000 | 92,6770 | 6.950.775,00 | 1,57 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS2295233501 | 0,000% | SGX Treasury I Pte. Ltd./SGX Treasury Reg.S. CV v.21(2024) | 5.500.000 | 0 | 5.500.000 | 100,5000 | 5.527.500,00 | 1,25 |
|  |  |  |  |  |  |  | 36.667.001,00 | 8,29 |
| USD |  |  |  |  |  |  |  |  |
| XS2523390867 | 2,500% | Lenovo Group Ltd./Lenovo Group Ltd. Reg. S. CV v.22(2029) | 5.900.000 | 0 | 5.900.000 | 88,4990 | 5.347.097,80 | 1,21 |
| XS2333568751 | 0,000% | Meituan/Meituan Reg.S. CV v.21(2027) | 0 | 2.000.000 | 3.500.000 | 81,9000 | 2.935.483,87 | 0,66 |
| XS2333569056 | 0,000% | Meituan/Meituan Reg.S. CV v.21(2028) | 0 | 1.500.000 | 5.000.000 | 75,6890 | 3.875.524,83 | 0,87 |
| XS1908221507 | 1,000% | Qiagen NV/Qiagen NV Reg.S. CV v.18(2024) | 3.600.000 | 0 | 5.600.000 | 104,1900 | 5.975.053,76 | 1,35 |
| DE000A286LP0 | 0,000% | Qiagen NV/Qiagen NV Reg.S. CV v.20(2027) | 3.400.000 | 0 | 8.400.000 | 86,7500 | 7.462.365,59 | 1,68 |
| US81141RAG56 | 0,250% | Sea Ltd./Sea Ltd. CV v.21(2026) | 5.000.000 | 0 | 5.000.000 | 69,3423 | 3.550.553,00 | 0,80 |
| US84921RAB69 | 0,000% | Spotify USA Inc./SPOTIFY TECHNOLOGY S.A. CV v.21(2026) | 11.700.000 | 2.700.000 | 9.000.000 | 79,7910 | 7.354.009,22 | 1,66 |
|  |  |  |  |  |  |  | 36.500.088,07 | 8,23 |
| Börsengehandelte Wertpapiere |  |  |  | 73.167.089,07 | 16,52 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  |  |  |
| EUR |  |  |  |  |  |
| DE000A2LQRW5 0,050% adidas AG CV v.18(2023)7.000.000 | 0 | 7.000.000 | 97,5910 | 6.831.370,00 | 1,54 |
| XS2308171383 | 0,000% | América Móvil B.V./Koninklijke KPN NV Reg. S. CV v.21(2024) | 6.100.000 | 11.000.000 | 7.100.000 | 99,4100 | 7.058.110,00 | 1,59 |
| FR0013457942 | 0,000% | Atos SE/Worldline S.A. Reg.S. CV v.19(2024) | 2.400.000 | 0 | 8.500.000 | 74,6600 | 6.346.100,00 | 1,43 |
| XS2021212332 | 0,500% | Cellnex Telecom S.A./Cellnex Telecom S.A. Reg.S. CV v.19(2028) | 2.400.000 | 0 | 4.400.000 | 92,6150 | 4.075.060,00 | 0,92 |
| XS2339426004 | 0,000% | Diasorin S.p.A./Diasorin S.p.A. Reg.S. CVv.21 (2028) | 7.000.000 | 0 | 7.000.000 | 78,9100 | 5.523.700,00 | 1,25 |
| DE000A2G87D4 | 0,050% | Dte. Post AG/Dte. Post AG Reg.S. CV v.17 (2025) | 6.300.000 | 0 | 11.000.000 | 93,6320 | 10.299.520,00 | 2,32 |
| DE000A3H2XR6 | 0,750% | Dürr AG/Dürr AG Reg.S. CV v.20(2026) | 5.500.000 | 0 | 5.500.000 | 90,1370 | 4.957.535,00 | 1,12 |
| FR0013534518 | 0,000% | Electricité de France S.A. (E.D.F.)/Electricité de France S.A. (E.D.F.) Reg.S. CV Green Bond v.20(2024) | 400.000 | 560.000 | 430.000 | 15,3000 | 6.579.000,00 | 1,48 |
| XS2051856669 | 0,000% | Eliott Capital S.a.r.L./Holcim Ltd. Reg.S. CV v.19(2022) | 1.000.000 | 2.000.000 | 5.000.000 | 99,3750 | 4.968.750,00 | 1,12 |
| XS1965536656 | 0,000% | GN Store A/S CV v.19(2024) | 7.500.000 | 0 | 9.500.000 | 89,2460 | 8.478.370,00 | 1,91 |
| XS2470870366 | 0,000% | JPMorgan Chase Financial Company LLC/ Dte. Telekom AG Reg.S. CV v.22(2025) | 11.000.000 | 0 | 11.000.000 | 99,6850 | 10.965.350,00 | 2,47 |
| FR0014005AO4 | 1,875% | Korian S.A./Korian S.A. Fix-to-float CV Perp. | 50.000 | 0 | 138.417 | 32,4000 | 4.477.687,87 | 1,01 |
| FR0013489739 | 0,000% | Korian SE/Korian SE Reg.S. CV v.20(2027) | 0 | 40.000 | 145.000 | 43,9680 | 6.375.360,00 | 1,44 |
| DE000A289T23 | 0,400% | LEG Immobilien SE/LEG Immobilien SE Reg. S. CV v.20(2028) | 8.000.000 | 0 | 14.500.000 | 73,8010 | 10.701.145,00 | 2,41 |
| XS2388456456 | 0,000% | Mondelez International Holdings Netherlands BV/JDE Peets BV Reg.S. CV v.21 (2024) | 3.400.000 | 6.600.000 | 3.400.000 | 100,4900 | 3.416.660,00 | 0,77 |
| DE000A2YPE76 | 0,050% | MTUAero Engines AG/MTUAero Engines AG Reg.S. CV v.19(2027) | 2.500.000 | 0 | 6.500.000 | 82,6300 | 5.370.950,00 | 1,21 |
| XS2305842903 | 0,000% | Nexi S.p.A./Nexi S.p.A. Reg.S. CV v.21(2028) | 7.800.000 | 0 | 17.200.000 | 69,3800 | 11.933.360,00 | 2,69 |

1) NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Vermögensaufstellung zum 30. September 2022 
(Fortsetzung)
Zugänge
im
Abgänge
im
Kurswert
%-Anteil
vom
ISIN	Wertpapiere
Berichtszeitraum Berichtszeitraum	Bestand	Kurs
EUR
NTFV 1)
| XS2294704007 | 0,000% | Prysmian S.p.A./Prysmian S.p.A. Reg.S. CV v.21(2026) | 2.000.000 | 0 | 5.500.000 | 91,9500 | 5.057.250,00 | 1,14 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| DE000A3E44N7 | 0,000% | RAG-Stiftung/Evonik Industries AG Reg.S. CV v.20(2026) | 10.100.000 | 0 | 17.700.000 | 87,9200 | 15.561.840,00 | 3,51 |
| BE6327660591 | 0,000% | Sagerpar/Groupe Bruxelles Lambert S.A. [GBL] Reg.S. CV v.21(2026) | 5.500.000 | 0 | 20.500.000 | 88,7300 | 18.189.650,00 | 4,10 |
| FR0013520681 | 0,000% | Selena SAS/PUMA SE Reg.S. CV v.20(2025) | 11.000.000 | 3.700.000 | 11.000.000 | 89,6900 | 9.865.900,00 | 2,23 |
| DE000A287RE9 | 0,000% | Shop Apotheke Europe NV/Shop Apotheke Europe NV Reg.S. CV v.21(2028) | 7.100.000 | 0 | 9.600.000 | 64,0370 | 6.147.552,00 | 1,39 |
| DE000A3E46Y9 | 0,625% | TAG Immobilien AG/TAG Immobilien AG Reg.S. CV v.20(2026) | 0 | 0 | 15.500.000 | 73,9590 | 11.463.645,00 | 2,59 |
| FR0013444148 | 0,000% | Veolia Environnement S.A./Veolia Environnement S.A. Reg.S. CV v.19 (2025) | 150.000 | 0 | 150.000 | 29,1020 | 4.365.300,00 | 0,99 |
|  |  |  |  |  |  |  | 189.009.164,87 | 42,63 |
| USD |  |  |  |  |  |  |  |  |
| US00971TAL52 | 0,375% | Akamai Technologies Inc./Akamai Technologies Inc. CV v.19(2027) | 3.600.000 | 1.700.000 | 12.500.000 | 93,9150 | 12.021.889,40 | 2,71 |
| DE000A1Z3XP8 | 1,875% | Brenntag Finance BV/Brenntag SE Reg.S. CV v.15(2022) | 4.500.000 | 0 | 4.500.000 | 99,5660 | 4.588.294,93 | 1,04 |
| US12685JAE55 | 0,000% | CableOne Inc./Cable One Inc. CVv.21(2026) | 12.000.000 | 0 | 12.000.000 | 76,4526 | 9.395.096,77 | 2,12 |
| FR0013261062 | 0,000% | Carrefour S.A./Carrefour S.A. Reg.S. CV v.17 (2023) | 2.600.000 | 0 | 2.600.000 | 96,5000 | 2.569.380,44 | 0,58 |
| US163072AA98 | 0,375% | Cheesecake Factory Inc./Cheesecake Factory Inc. CV v.21(2026) | 2.500.000 | 0 | 7.000.000 | 78,9380 | 5.658.637,99 | 1,28 |
| US29786AAJ51 | 0,125% | Etsy Inc./Etsy Inc. CV v.19(2026) | 1.000.000 | 0 | 1.000.000 | 134,7610 | 1.380.040,96 | 0,31 |
| US29786AAN63 | 0,250% | Etsy Inc./Etsy Inc. CV v.21(2028) | 9.500.000 | 0 | 9.500.000 | 77,2500 | 7.515.360,98 | 1,70 |
| US33835LAA35 | 0,000% | Fiverr International Ltd./Fiverr International Ltd. CV v.20(2025) | 5.000.000 | 0 | 5.000.000 | 77,6300 | 3.974.910,39 | 0,90 |
| US345370CZ16 | 0,000% | Ford Motor Co./Ford Motor Co. CV v.22 (2026) | 2.200.000 | 0 | 2.200.000 | 92,7370 | 2.089.312,85 | 0,47 |
| US472145AF83 | 2,000% | Jazz Investments I Ltd./Jazz Pharmaceuticals Plc. CV v.20(2026) | 6.100.000 | 1.100.000 | 12.000.000 | 107,0300 | 13.152.688,17 | 2,97 |
| US531229AG76 | 2,125% | Liberty Media Corporation/Sirius XM Holdings Inc. CV v.18(2048) | 2.700.000 | 2.500.000 | 5.200.000 | 94,7288 | 5.044.441,99 | 1,14 |
| US531229AJ16 | 2,750% | Liberty Media Corporation/Sirius XM Holdings Inc. CV v.19(2049) | 0 | 0 | 4.000.000 | 91,1975 | 3.735.688,68 | 0,84 |
| US44932FAA57 | 0,875% | Match Group FinanceCo 2 Inc./Match Group Inc. CV v.19(2026) | 5.000.000 | 0 | 5.000.000 | 89,5040 | 4.582.898,11 | 1,03 |
| US44932KAA43 | 2,000% | Match Group FinanceCo 3 Inc./Match Group Inc. CV v.19(2030) | 4.000.000 | 0 | 4.000.000 | 89,3390 | 3.659.559,65 | 0,83 |
| US653656AB42 | 0,000% | NICE Ltd./NICE Ltd. CV v.20(2025) | 1.400.000 | 2.000.000 | 3.400.000 | 92,7349 | 3.228.864,93 | 0,73 |
| US83304AAF30 | 0,000% | Snap Inc./Snap Inc. CV v.21(2027) | 8.000.000 | 1.000.000 | 7.000.000 | 69,1950 | 4.960.215,05 | 1,12 |
| US83304AAG13 | 0,125% | Snap Inc./Snap Inc. CV v.22(2028) | 4.700.000 | 0 | 4.700.000 | 67,7510 | 3.260.928,83 | 0,74 |
| US90353TAJ97 | 0,000% | UberTechnologiesInc./UberTechnologies Inc. CV v.20(2025) | 11.500.000 | 7.700.000 | 3.800.000 | 82,4530 | 3.208.616,49 | 0,72 |

1) NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Vermögensaufstellung zum 30. September 2022 
(Fortsetzung)
Zugänge
im
Abgänge
im
Kurswert
%-Anteil
vom
ISIN	Wertpapiere
Berichtszeitraum Berichtszeitraum	Bestand	Kurs
EUR
NTFV 1)
| US91688FAB04 | 0,250% | Upwork Inc./Upwork Inc. CV v.21(2026) | 6.400.000 | 0 | 6.400.000 | 73,9030	4.843.617,00 | 1,09 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| US92940WAD11 | 0,000% | Wix.com Ltd./Wix.com Ltd. CV v.20 (2025) | 4.000.000 | 3.400.000 | 6.100.000 | 84,3655	5.270.143,88 | 1,19 |
|  |  |  |  |  |  | 104.140.587,49 | 23,51 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere	293.149.752,36	66,14 |
| Wandelanleihen |  |  |  | 366.316.841,43 | 82,66 |
| Wertpapiervermögen |  |  |  | 399.957.010,92 | 90,24 |
| Optionen |  |  |  |  |  |
| Long-Positionen |  |  |  |  |  |
| EUR |  |  |  |  |  |
| Call on BASF SE Dezember 2023/68,00 | 1.300 | 400 | 900 | 25.200,00 | 0,01 |
| Call on Brenntag SE Juni 2023/84,00 | 500 | 0 | 500 | 48.500,00 | 0,01 |
| Call on Dte. Post AG Juni 2023/60,00 | 800 | 0 | 800 | 800,00 | 0,00 |
|  |  |  |  | 74.500,00 | 0,02 |
| USD |  |  |  |  |  |
| Call on Alibaba Group Holding Ltd. ADR Juni 2023/190,00 | 0 | 0 | 90 | 6.589,86 | 0,00 |
| Call on Barrick Gold Corporation Januar 2023/25,00 | 0 | 0 | 1.450 | 14.106,50 | 0,00 |
| Call on Newmont Corporation Januar 2023/70,00 | 0 | 200 | 300 | 5.990,78 | 0,00 |
| Call on Newmont Corporation Januar 2024/77,50 | 250 | 0 | 250 | 22.529,44 | 0,01 |
| Call on Pinterest Inc. Januar 2023/55,00 | 500 | 0 | 500 | 10.752,69 | 0,00 |
|  |  |  |  | 59.969,27 | 0,01 |
| Long-Positionen |  |  |  | 134.469,27 | 0,03 |
| Optionen |  |  |  | 134.469,27 | 0,03 |
| Bankguthaben - Kontokorrent 2) |  |  |  | 45.863.666,20 | 10,35 |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten |  |  |  | -2.812.944,41 | -0,62 |
| Netto-Teilfondsvermögen in EUR |  |  |  | 443.142.201,98 | 100,00 |


#### Devisentermingeschäfte
Zum 30. September 2022 standen folgende offene Devisentermingeschäfte aus:
Währung	Kontrahent	Währungsbetrag
Kurswert
EUR
%-Anteil
vom NTFV 1)
| CHF/EUR | DZ PRIVATBANK S.A. | Währungskäufe | 224.000.000,00 | 234.094.599,42 | 52,83 |
| --- | --- | --- | --- | --- | --- |
| GBP/EUR | J.P. Morgan SE | Währungskäufe | 4.000.000,00 | 4.508.042,91 | 1,02 |
| USD/EUR | DZ PRIVATBANK S.A. | Währungskäufe | 2.000.000,00 | 2.046.153,03 | 0,46 |
| USD/EUR | J.P. Morgan SE | Währungskäufe | 5.500.000,00 | 5.626.920,82 | 1,27 |
| EUR/CHF | DZ PRIVATBANK S.A. | Währungsverkäufe | 44.500.000,00 | 46.489.194,58 | 10,49 |
| EUR/GBP | J.P. Morgan SE | Währungsverkäufe | 4.000.000,00 | 4.508.042,91 | 1,02 |
| EUR/USD | DZ PRIVATBANK S.A. | Währungsverkäufe | 62.000.000,00 | 63.270.923,03 | 14,28 |
| EUR/USD | J.P. Morgan SE | Währungsverkäufe | 120.900.000,00 | 123.421.464,79 | 27,85 |

1) NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2) Siehe Erläuterungen zum Jahresbericht.
FLOSSBACH VON STORCH – GLOBAL CONVERTIBLE BOND

#### Devisenkurse
Für die Bewertung von Vermögenswerten in fremder Währung wurde zum nachstehenden Devisenkurs zum 30. September 2022 in Euro umgerechnet.
| Australischer Dollar | AUD | 1 | 1,5076 |
| --- | --- | --- | --- |
| Britisches Pfund | GBP | 1 | 0,8848 |
| Dänische Krone | DKK | 1 | 7,4361 |
| Hongkong Dollar | HKD | 1 | 7,6652 |
| Japanischer Yen | JPY | 1 | 141,1824 |
| Norwegische Krone | NOK | 1 | 10,4984 |
| Schwedische Krone | SEK | 1 | 10,9534 |
| Schweizer Franken | CHF | 1 | 0,9578 |
| Singapur Dollar | SGD | 1 | 1,4020 |
| US-Dollar | USD | 1 | 0,9765 |