# Flossbach von Storch SICAV - Multiple Opportunities
Annual report
1 October 2020 - 30 September 2021

### The company is entitled to create share classes with different rights in relation to the shares. Details of the current share classes are as follows:
|  | Share class F | Share class R | Share class I |
| --- | --- | --- | --- |
| Securities ID No. (WKN): | A0M43Z | A0M430 | A1W0MN |
| ISIN: | LU0323578574 | LU0323578657 | LU0945408952 |
| Subscription fee: | up to 5.00% | up to 5.00% | up to 5.00% |
| Redemption fee: | none | none | none |
| Management fee: | 1.03% p.a. | 1.53% p.a. | 0.78% p.a. |
| Minimum initial investment: | 5,000,000 EUR | none | 1,000,000 EUR |
| Minimum subsequent investment: | 1,000,000 EUR | none | 1,000,000 EUR |
| Use of income: | distributing | distributing | distributing |
| Currency: | EUR | EUR | EUR |

| Geographical breakdown by country 1) |  |
| --- | --- |
| United States of America |  |  |  | 49.68 % |
| Germany |  |  |  | 7.82 % |
| Switzerland |  |  |  | 6.89 % |
| United Kingdom |  |  |  | 5.32 % |
| Cayman Islands |  |  |  | 3.62 % |
| Canada |  |  |  | 3.59 % |
| Denmark |  |  |  | 1.78 % |
| France |  |  |  | 1.59 % |
| Israel |  |  |  | 1.48 % |
| Hong Kong |  |  |  | 0.83 % |
| India |  |  |  | 0.39 % |
| Luxembourg |  |  |  | 0.27 % |
| Securities holdings |  |  |  | 83.26 % |
| Precious metals, gold |  |  |  | 7.74 % |
| Bank balances 2) |  |  |  | 10.39 % |
| Balance of other receivables and payables |  |  |  | -1.39 % |
|  |  |  |  | 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 SICAV - Multiple Opportunities Breakdown by economic sector 1) |  |
| --- | --- |
| Media and entertainment | 11.34 % |
| Software and services | 9.05 % |
| Raw materials and supplies | 8.55 % |
| Diversified financial services | 8.54 % |
| Capital goods | 8.29 % |
| Pharmaceuticals, biotechnology and life sciences | 7.82 % |
| Household items and body care products | 7.35 % |
| Foodstuffs, beverages and tobacco | 6.29 % |
| Wholesale and retail | 5.18 % |
| Hardware and equipment | 2.70 % |
| Health care: equipment and services | 2.25 % |
| Transport | 1.09 % |
| Automobiles and components | 1.02 % |
| Industrial services and operating materials | 0.84 % |
| Insurance | 0.83 % |
| Telecommunications services | 0.76 % |
| Consumer goods and clothing | 0.55 % |
| Real estate | 0.42 % |
| Banks | 0.39 % |
| Securities holdings | 83.26 % |
| Precious metals, gold | 7.74 % |
| Bank balances 2) | 10.39 % |
| Balance of other receivables and payables | -1.39 % |
|  | 100.00 % |


### Performance over the last 3 financial years
| Share class F |  |
| --- | --- |
| Date | Net Share class assets EUR millions | Shares outstanding | Net inflows of funds EUR thousands | Share value EUR |
| 30.09.2019 | 1,353.18 | 4,547,760 | -80,715.78 | 297.55 |
| 30.09.2020 | 1,560.68 | 4,899,483 | 106,583.37 | 318.54 |
| 30.09.2021 | 1,692.14 | 4,896,442 | -1,794.55 | 345.59 |

| Share class R |  |
| --- | --- |
| Date | Net Share class assets EUR millions | Shares outstanding | Net inflows of funds EUR thousands | Share value EUR |
| 30.09.2019 | 13,007.66 | 49,738,271 | 1,473,500.15 | 261.52 |
| 30.09.2020 | 16,209.81 | 58,573,273 | 2,386,145.86 | 276.74 |
| 30.09.2021 | 19,969.76 | 67,450,372 | 2,573,748.74 | 296.07 |

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 SICAV - Multiple Opportunities

### Performance over the last 3 financial years (continued)
| Share class I |  |
| --- | --- |
| Date | Net Share class assets EUR millions | Shares outstanding | Net inflows of funds EUR thousands | Share value EUR |
| 30.09.2019 | 1,337.08 | 8,725,241 | 232,425.83 | 153.24 |
| 30.09.2020 | 2,241.07 | 13,735,836 | 791,865.62 | 163.15 |
| 30.09.2021 | 3,017.55 | 17,186,217 | 588,805.80 | 175.58 |
| Past performance is no guarantee of future results. |  |  |
| Composition of net sub-fund assets |  |  |
| as at 30 September 2021 | EUR | EUR |
|  | 30 September 2020 | 30 September 2021 |
| Securities holdings | 16,771,365,260.73 | 20,548,832,949.84 |
| (acquisition cost of securities as at 30 September 2020: EUR 14,479,932,797.64) |  |  |
| (acquisition cost of securities as at 30 September 2021: EUR 17,055,352,273.56) |  |  |
| Precious metals, gold | 2,051,748,180.22 | 1,910,769,039.31 |
| Bank balances 1) 2) | 1,163,103,899.78 | 2,564,458,493.77 |
| Unrealised profits from forward exchange transactions | 40,116,098.75 | 0.00 |
| Interest receivables | 7,981,489.73 | 0.00 |
| Dividend receivables | 20,048,608.12 | 8,216,495.53 |
| Receivables from the sale of shares | 25,523,017.25 | 19,147,101.60 |
| Receivables from securities transactions | 12,339,646.98 | 0.00 |
| Receivables from currency transactions | 21,925,016.44 | 63,716,204.58 |
| Other receivables 3) | 0.00 | 988,221.08 |
|  | 20,114,151,218.00 | 25,116,128,505.71 |
| Payables from the redemption of shares | -5,004,060.71 | -6,992,251.12 |
| Unrealised losses from forward exchange transactions | 0.00 | -46,037,166.13 |
| Interest payable | 0.00 | -4,014,528.13 |
| Payables from securities transactions | 0.00 | -94,167,206.75 |
| Payables from currency transactions | -21,898,609.44 | -63,433,718.62 |
| Management fee/fund management fee 4) | -23,056,532.37 | -28,970,419.34 |
| Depositary fee 4) | -307,229.76 | -342,250.47 |
| Performance fee | -49,668,891.44 | -189,394,607.13 |
| Central administration agent fee 4) | -134,513.91 | -149,571.17 |
| Registrar and transfer agent fee | 0.00 | -37,206.78 |
| Taxe d'abonnement 5) | -2,518,327.38 | -3,114,329.55 |
| Publication and auditing costs | -11,407.00 | -11,407.00 |
| Other liabilities | 0.00 | -20,648.31 |
|  | -102,599,572.01 | -436,685,310.50 |
| Net sub-fund assets | 20,011,551,645.99 | 24,679,443,195.21 |
| Shares outstanding | 77,208,592.698 | 89,533,030.249 |
| 1) The bank balances held are not protected by a deposit guarantee scheme. |  |  |
| 2) See the notes to the annual report. |  |  |
| 3) This item mainly comprises withholding tax reclaims (Denmark) for the year 2018. |  |  |
| 4) Provisions for the period from 1 September 2021 to 30 September 2021. |  |  |
| 5) Provisions for the third quarter of 2021. |  |  |

| Flossbach von Storch SICAV - Multiple Opportunities Allocation to the share classes |  |
| --- | --- |
|  |  | 30 September 2020	30 September 2021 |
| Share class F |  |  |
| Proportion of net sub-fund assets |  | 1,560,677,835.91 EUR	1,692,138,494.66 EUR |
| Shares outstanding |  | 4,899,483.328	4,896,441.558 |
| Share value |  | 318.54 EUR	345.59 EUR |
| Share class R |  |  |
| Proportion of net sub-fund assets |  | 16,209,806,889.20 EUR	19,969,757,778.05 EUR |
| Shares outstanding |  | 58,573,273.387	67,450,372.021 |
| Share value |  | 276.74 EUR	296.07 EUR |
| Share class I |  |  |
| Proportion of net sub-fund assets |  | 2,241,066,920.88 EUR	3,017,546,922.50 EUR |
| Shares outstanding |  | 13,735,835.983	17,186,216.670 |
| Share value |  | 163.15 EUR	175.58 EUR |
| Change in net sub-fund assets |  |  |
| in the reporting period from 1 October 2020 to 30 September 2021 |  |  |
|  | Total EUR | Share class F EUR | Share class R EUR | Share class I EUR |
| Net sub-fund assets at the beginning of the reporting period | 20,011,551,645.99 | 1,560,677,835.91 | 16,209,806,889.20 | 2,241,066,920.88 |
| Ordinary net expenditure | -304,362,728.01 | -413,588.92 | -280,108,606.99 | -23,840,532.10 |
| Income and expense equalisation | 25,832,460.23 | 28,550.69 | 22,653,109.47 | 3,150,800.07 |
| Cash inflows from share sales | 4,695,852,017.55 | 162,635,630.06 | 3,715,048,271.88 | 818,168,115.61 |
| Cash outflows from share redemptions | -1,535,092,028.36 | -164,430,182.28 | -1,141,299,531.27 | -229,362,314.81 |
| Realised profits | 1,234,368,750.95 | 91,275,758.04 | 996,447,370.27 | 146,645,622.64 |
| Realised losses | -303,025,182.55 | -22,065,544.52 | -244,420,271.46 | -36,539,366.57 |
| Net change in unrealised profits | 979,199,921.28 | 72,132,670.04 | 791,565,949.95 | 115,501,301.29 |
| Net change in unrealised losses | -4,284,113.89 | 1,232,722.80 | -2,877,409.43 | -2,639,427.26 |
| Distribution | -120,597,547.98 | -8,935,357.16 | -97,057,993.57 | -14,604,197.25 |
| Net sub-fund assets at the end of the reporting period | 24,679,443,195.21 | 1,692,138,494.66 | 19,969,757,778.05 | 3,017,546,922.50 |

| Changes in number of shares in circulation for share class F | No. of shares | No. of shares |
| --- | --- | --- |
|  | 30 September 2020 | 30 September 2021 |
| Shares outstanding at the beginning of the reporting period | 4,547,759.890 | 4,899,483.328 |
| Shares issued | 577,180.823 | 491,055.443 |
| Shares redeemed | -225,457.385 | -494,097.213 |
| Shares outstanding at the end of the reporting period | 4,899,483.328 | 4,896,441.558 |

Flossbach von Storch SICAV - Multiple Opportunities
| Changes in number of shares in circulation for share class R | No. of shares | No. of shares |
| --- | --- | --- |
|  | 30 September 2020 | 30 September 2021 |
| Shares outstanding at the beginning of the reporting period | 49,738,270.550 | 58,573,273.387 |
| Shares issued | 13,206,039.771 | 12,842,982.288 |
| Shares redeemed | -4,371,036.934 | -3,965,883.654 |
| Shares outstanding at the end of the reporting period | 58,573,273.387 | 67,450,372.021 |

| Changes in number of shares in circulation for share class I | No. of shares | No. of shares |
| --- | --- | --- |
|  | 30 September 2020 | 30 September 2021 |
| Shares outstanding at the beginning of the reporting period | 8,725,241.117 | 13,735,835.983 |
| Shares issued | 5,789,175.312 | 4,786,013.828 |
| Shares redeemed | -778,580.446 | -1,335,633.141 |
| Shares outstanding at the end of the reporting period | 13,735,835.983 | 17,186,216.670 |

| Performance as a percentage 1) |  |
| --- | --- |
| As at: 30 September 2021 |
|  | ISIN | Share class |  |  |  |  | since |
| Funds | WKN | currency | 6 months | 1 year | 3 years | 10 years | launch |
| Flossbach von Storch SICAV - Multiple Opportunities F | LU0323578574 |  |  |  |  |  |  |
| since 24.10.2007 | A0M43Z | EUR | 4.14% | 9.10% | 30.61% | 155.59% | 269.26% |
| Flossbach von Storch SICAV - Multiple Opportunities R | LU0323578657 |  |  |  |  |  |  |
| since 26.10.2007 | A0M430 | EUR | 3.42% | 7.60% | 25.56% | 123.55% | 213.48% |
| Flossbach von Storch SICAV - Multiple Opportunities I | LU0945408952 |  |  |  |  |  |  |
| since 30.09.2013 | A1W0MN | EUR | 3.74% | 8.27% | 28.05% | — | 83.96% |

1) Based on published share values, the BVI method ultimately corresponds to the “Guidelines on the calculation and publication of performance data of collective investment schemes” issued by the Swiss Funds & Asset Management Association (SFAMA) on 16 May 2008.
Past performance is not an indicator of current or future performance. Performance data does not take into account the commissions and costs levied on the issue and redemption of shares.
| Flossbach von Storch SICAV - Multiple Opportunities |  |
| --- | --- |
| Statement of income and expenses |
| in the reporting period from 1 October 2020 to 30 September 2021 |
| Total | Share class F | Share class R | Share class I |
| EUR | EUR | EUR | EUR |
| Income |  |  |  |
| Dividends	255,784,264.13 | 18,683,509.15 | 206,497,190.96 | 30,603,564.02 |
| Interest on bonds	5,634,006.85 | 432,775.98 | 4,559,628.71 | 641,602.16 |
| Income from withholding tax reimbursement	1,049,053.50 | 72,330.67 | 848,691.20 | 128,031.63 |
| Bank interest	-12,624,644.01 | -921,106.67 | -10,195,142.79 | -1,508,394.55 |
| Trailer fees	120,870.27 | 8,960.03 | 97,627.45 | 14,282.79 |
| Other income	33,845.39 | 2,341.50 | 27,380.44 | 4,123.45 |
| Income equalisation	14,703,075.84 | -208,896.06 | 12,494,880.86 | 2,417,091.04 |
| Total income	264,700,471.97 | 18,069,914.60 | 214,330,256.83 | 32,300,300.54 |
| Expenses |  |  |  |
| Interest expense	-83,951.09 | -5,945.92 | -67,747.23 | -10,257.94 |
| Performance fee	-189,394,607.13 | 0.00 | -162,345,290.27 | -27,049,316.86 |
| Management fee / fund management fee	-318,090,117.77 | -17,118,615.26 | -279,950,785.49 | -21,020,717.02 |
| Depositary fee	-4,022,461.74 | -295,486.38 | -3,248,949.51 | -478,025.85 |
| Central administration agent fee	-1,719,954.54 | -126,352.58 | -1,389,204.76 | -204,397.20 |
| Taxe d'abonnement	-11,581,885.17 | -849,687.61 | -9,354,342.95 | -1,377,854.61 |
| Publication and auditing costs	-115,059.27 | -8,593.53 | -93,015.40 | -13,450.34 |
| Typesetting, printing and dispatch costs for the annual and semi-annual reports	-22,496.29 | -1,653.81 | -18,157.53 | -2,684.95 |
| Registrar and transfer agent fee	-120,845.99 | -9,197.38 | -97,526.86 | -14,121.75 |
| State fees	-10,492.03 | -776.29 | -8,468.61 | -1,247.13 |
| Sub-depositary fees	-3,230,475.41 | -237,539.29 | -2,608,142.41 | -384,793.71 |
| Other expenses 1)	-135,317.48 | -10,000.84 | -109,242.47 | -16,074.17 |
| Expense equalisation	-40,535,536.07 | 180,345.37 | -35,147,990.33 | -5,567,891.11 |
| Total expenses	-569,063,199.98 | -18,483,503.52 | -494,438,863.82 | -56,140,832.64 |
| Ordinary net expenditure	-304,362,728.01 | -413,588.92 | -280,108,606.99 | -23,840,532.10 |
| Total transaction costs during the financial year 2)	6,024,024.14 |  |  |  |
| Ongoing charges in per cent 2) | 1.12 | 1.62 | 0.87 |
| Total expense ratio not including performance fee in per cent 2) |  |  |  |
| (for the period from 1 October 2020 to 30 September 2021) | 1.12 | 1.62 | 0.87 |
| Total expense ratio including performance fee in per cent 2) |  |  |  |
| (for the period from 1 October 2020 to 30 September 2021) | 1.12 | 2.51 | 1.87 |
| Performance fee in per cent 2) |  |  |  |
| (for the period from 1 October 2020 to 30 September 2021) | - | 0.89 | 1.00 |

1) This item mainly comprises membership fees and costs for Collateral-Manager.
2) See the notes to the annual report.
Flossbach von Storch SICAV - Multiple Opportunities

### Statement of assets as at 30 September 2021
Additions
in the
Disposals
in the
Market value
%-share
of
ISIN	Securities
| Cayman Islands |  |
| --- | --- |
| KYG017191142 | Alibaba Group Holding Ltd. | HKD | 4,050,000 | 0 | 24,370,000 | 142.2000 | 383,321,055.25 | 1.55 |
| US01609W1027 | Alibaba Group Holding Ltd. ADR | USD | 1,000,000 | 0 | 1,000,000 | 147.5800 | 127,070,776.65 | 0.51 |
| KYG875721634 | Tencent Holdings Ltd. | HKD | 7,520,000 | 0 | 7,520,000 | 461.4000 | 383,798,241.25 | 1.56 |
|  |  |  |  |  |  |  | 894,190,073.15 | 3.62 |
| Denmark |  |  |  |  |  |  |  |  |
| DK0060534915 | Novo-Nordisk AS | DKK | 311,955 | 2,860,000 | 5,340,000 | 613.2000 | 440,373,872.00 | 1.78 |
|  |  |  |  |  |  |  | 440,373,872.00 | 1.78 |
| Germany |  |  |  |  |  |  |  |  |
| DE000A1EWWW0 | adidas AG | EUR | 0 | 100,000 | 500,000 | 271.0000 | 135,500,000.00 | 0.55 |
| DE000BASF111 | BASF SE | EUR | 1,414,521 | 4,014,521 | 7,400,000 | 65.8300 | 487,142,000.00 | 1.97 |
| DE0005190003 | Bayer. Motoren Werke AG | EUR | 750,000 | 850,000 | 2,500,000 | 84.4700 | 211,175,000.00 | 0.86 |
| DE0005190037 | Bayer. Motoren Werke AG -VZ- | EUR | 0 | 0 | 578,685 | 67.6000 | 39,119,106.00 | 0.16 |
| DE0005158703 | Bechtle AG | EUR | 1,627,420 | 182,678 | 2,400,000 | 59.3200 | 142,368,000.00 | 0.58 |
| DE000A1DAHH0 | Brenntag SE | EUR | 0 | 1,284,405 | 1,500,000 | 80.3400 | 120,510,000.00 | 0.49 |
| DE0005810055 | Dte. Börse AG | EUR | 2,595,071 | 0 | 3,579,446 | 140.1500 | 501,659,356.90 | 2.03 |
| DE0008303504 | TAG Immobilien AG | EUR | 0 | 3,628,602 | 4,000,000 | 25.6200 | 102,480,000.00 | 0.42 |
| DE0005089031 | United Internet AG | EUR | 0 | 1,973,980 | 5,635,269 | 33.4900 | 188,725,158.81 | 0.76 |
|  |  |  |  |  |  |  | 1,928,678,621.71 | 7.82 |
| France |  |  |  |  |  |  |  |  |
| FR0010307819 | Legrand S.A. | EUR | 200,000 | 0 | 4,200,000 | 93.3800 | 392,196,000.00 | 1.59 |
|  |  |  |  |  |  |  | 392,196,000.00 | 1.59 |
| Hong Kong |  |  |  |  |  |  |  |  |
| HK0000069689 | AIA Group Ltd | HKD | 0 | 0 | 20,500,000 | 89.9500 | 203,968,253.97 | 0.83 |
|  |  |  |  |  | 203,968,253.97 | 0.83 |
| India |  |  |  |  |  |  |
| INE001A01036 | Housing Development Finance Corporation Ltd. | INR | 0 | 0 3,000,000 2,753.0500 | 95,914,949.76 | 0.39 |
|  |  |  |  |  | 95,914,949.76 | 0.39 |
| Israel |  |  |  |  |  |  |
| IL0011301780 | Wix.com Ltd. | USD | 2,195,000 | 0 2,195,000 193.8800 | 366,425,520.92 | 1.48 |
|  |  |  |  |  | 366,425,520.92 | 1.48 |
| Canada |  |  |  |  |  |  |
| CA0679011084 | Barrick Gold Corporation | USD | 7,075,783 | 0 31,000,000	17.5800 | 469,244,015.84 | 1.90 |
| CA21037X1006 | Constellation Software Inc. | CAD | 46,600 | 0	203,000 2,076.6600 | 284,800,689.10 | 1.15 |
| CA49741E1007 | Kirkland Lake Gold Ltd. | USD | 3,200,000 | 0 3,700,000	41.4600 | 132,083,692.10 | 0.54 |
|  |  |  |  |  | 886,128,397.04 | 3.59 |
| Luxembourg |  |  |  |  |  |  |
| LU1778762911 | SPOTIFY TECHNOLOGY S.A. | USD | 350,000 | 0	350,000 220.3200 | 66,395,729.29 | 0.27 |
|  |  |  |  |  | 66,395,729.29 | 0.27 |

Equities, rights and participation certificates Exchange-traded securities
reporting period reporting period  Quantity	Price
EUR
NSFA 1)
1) NSFA = net sub-fund assets. Due to rounding differences in individual amounts, totals may differ from the actual value.
Flossbach von Storch SICAV - Multiple Opportunities

### Statement of assets as at 30 September 2021 (continued)
Additions
in the
Disposals
in the
Market value
%-share
of
ISIN	Securities
reporting period reporting period  Quantity	Price
EUR
NSFA 1)
| Switzerland |  |
| --- | --- |
| CH0038863350 | Nestlé S.A. | CHF | 0 | 856,291 | 8,700,000 | 112.4600 | 902,751,430.15 | 3.66 |
| CH0012005267 | Novartis AG | CHF | 0 | 0 | 5,500,000 | 77.2300 | 391,921,941.32 | 1.59 |
| CH0012032048 | Roche Holding AG Genussscheine | CHF | 263,784 | 214,451 | 1,300,000 | 338.0500 | 405,485,329.40 | 1.64 |
|  |  |  |  |  |  |  | 1,700,158,700.87 | 6.89 |
| United States of | America |  |  |  |  |  |  |  |
| US0028241000 | Abbott Laboratories | USD | 1,200,000 | 0 | 3,000,000 | 119.4600 | 308,575,856.72 | 1.25 |
| US00724F1012 | Adobe Inc. | USD | 68,000 | 0 | 148,000 | 577.7000 | 73,617,702.77 | 0.30 |
| US02079K3059 | Alphabet Inc. | USD | 103,803 | 119,903 | 501,000 | 2,687.0700 | 1,159,137,308.42 | 4.70 |
| US0231351067 | Amazon.com Inc. | USD | 72,100 | 0 | 168,000 | 3,301.1200 | 477,516,927.85 | 1.93 |
| US0311001004 | AMETEK Inc. | USD | 500,000 | 0 | 500,000 | 126.8300 | 54,602,204.24 | 0.22 |
| US0320951017 | Amphenol Corporation | USD | 4,400,000 | 0 | 4,400,000 | 74.5400 | 282,397,106.94 | 1.14 |
| US0378331005 | Apple Inc. | USD | 3,135,000 | 0 | 3,135,000 | 142.8300 | 385,545,074.91 | 1.56 |
| US0758871091 | Becton, Dickinson & Co. | USD | 300,000 | 313,065 | 1,140,992 | 251.7900 | 247,365,572.31 | 1.00 |
| US0846707026 | Berkshire Hathaway Inc. | USD | 700,000 | 26,640 | 3,273,360 | 277.2900 | 781,530,906.15 | 3.17 |
| US09247X1019 | Blackrock Inc. | USD | 500,000 | 0 | 500,000 | 856.5700 | 368,766,144.31 | 1.49 |
| US8085131055 | Charles Schwab Corporation | USD | 2,000,000 | 0 | 2,000,000 | 75.3800 | 129,808,851.39 | 0.53 |
| US29786A1060 | Etsy Inc. | USD | 1,290,000 | 0 | 1,290,000 | 205.3000 | 228,032,546.93 | 0.92 |
| US30303M1027 | Facebook Inc. | USD | 100,000 | 375,000 | 2,225,000 | 339.6100 | 650,621,878.77 | 2.64 |
| US34959J1088 | Fortive Corporation | USD | 2,814,461 | 0 | 4,681,126 | 72.3300 | 291,532,498.35 | 1.18 |
| US4523081093 | Illinois Tool Works Inc. | USD | 900,000 | 0 | 1,900,000 | 213.2600 | 348,884,105.39 | 1.41 |
| US45866F1049 | Intercontinental Exchange Inc. | USD | 1,500,000 | 0 | 1,500,000 | 116.9000 | 150,981,573.96 | 0.61 |
| US4781601046 | Johnson & Johnson | USD | 399,503 | 0 | 3,849,503 | 164.0200 | 543,650,320.35 | 2.20 |
| US57636Q1040 | Mastercard Inc. | USD | 360,000 | 0 | 760,000 | 353.1900 | 231,121,405.20 | 0.94 |
| US5949181045 | Microsoft Corporation | USD | 720,000 | 0 | 2,125,000 | 284.0000 | 519,631,479.25 | 2.11 |
| US6153691059 | Moody's Corporation | USD | 555,000 | 0 | 555,000 | 359.4200 | 171,756,586.88 | 0.70 |
| US6516391066 | Newmont Corporation | USD | 2,863,502 | 363,502 | 9,500,000 | 53.7100 | 439,336,146.03 | 1.78 |
| US70450Y1038 | PayPal Holdings Inc. | USD | 96,752 | 0 | 356,000 | 259.0000 | 79,390,390.91 | 0.32 |
| US7134481081 | PepsiCo Inc. | USD | 2,783,623 | 0 | 3,500,000 | 152.3000 | 458,971,930.43 | 1.86 |
| US7181721090 | Philip Morris International Inc. | USD | 19,126 | 3,300,000 | 2,219,126 | 99.4900 | 190,098,885.60 | 0.77 |
| US72352L1061 | Pinterest Inc. | USD | 6,187,848 | 1,836,359 | 13,901,489 | 50.3700 | 602,908,559.44 | 2.44 |
| US7766961061 | Roper Technologies Inc. | USD | 232,127 | 0 | 350,000 | 455.5400 | 137,281,728.95 | 0.56 |
| US79466L3024 | salesforce.com Inc. | USD | 1,200,000 | 0 | 1,200,000 | 270.5000 | 279,490,270.36 | 1.13 |
| US7427181091 | The Procter & Gamble Co. | USD | 2,849,384 | 499,384 | 4,100,000 | 142.0200 | 501,362,149.13 | 2.03 |
| US8835561023 | Thermo Fisher Scientific Inc. | USD | 300,000 | 0 | 300,000 | 579.6000 | 149,715,860.17 | 0.61 |
| US90353T1007 | Uber Technologies Inc. | USD | 7,000,000 | 0 | 7,000,000 | 44.5200 | 268,331,324.26 | 1.09 |
| US92345Y1064 | Verisk Analytics Inc. | USD | 990,000 | 0 | 1,190,000 | 202.3700 | 207,353,452.73 | 0.84 |
| US92826C8394 | VISA Inc. | USD | 720,000 | 0 | 1,320,000 | 226.6800 | 257,635,267.78 | 1.04 |
| US88579Y1010 | 3M Co. | USD | 580,000 | 0 | 4,500,000 | 180.8800 | 700,843,809.20 | 2.84 |
|  |  |  |  |  |  |  | 11,677,795,826.08 | 47.31 |

1) NSFA = net sub-fund assets. Due to rounding differences in individual amounts, totals may differ from the actual value.
Flossbach von Storch SICAV - Multiple Opportunities

### Statement of assets as at 30 September 2021 (continued)
Additions
in the
Disposals
in the
Market value
%-share
of
ISIN	Securities
reporting period reporting period  Quantity	Price
EUR
NSFA 1)
| United Kingdom |  |
| --- | --- |
| GB00B24CGK77 | Reckitt Benckiser Group Plc. | GBP | 1,650,000 | 2,000,000 | 9,000,000 | 58.4500	608,150,289.02 | 2.46 |
| GB00B10RZP78 | Unilever Plc. | EUR | 15,000,000 | 0 | 15,000,000 | 47.0300	705,450,000.00 | 2.86 |
|  |  |  |  |  |  | 1,313,600,289.02 | 5.32 |
| Exchange-traded securities |  |  |  |  |  | 19,965,826,233.81 | 80.89 |
| Equities, rights and participation certificates |  |  |  |  |  | 19,965,826,233.81 | 80.89 |
| Certificates |  |  |  |  |  |  |  |
| Exchange-traded securities |  |  |  |  |  |  |  |
| United States of America |  |  |  |  |  |  |  |
| IE00B579F325	Invesco Physical Markets Plc./Gold Ounce Cert. v.09(2100) | USD | 1,840,000 | 0 | 4,040,000 | 167.6000 | 583,006,716.03 | 2.37 |
|  |  |  |  |  |  | 583,006,716.03 | 2.37 |
| Exchange-traded securities |  |  | 583,006,716.03 | 2.37 |
| Certificates |  |  | 583,006,716.03 | 2.37 |
| Securities holdings |  |  | 20,548,832,949.84 | 83.26 |
| Precious metals, gold 2) |  |  |  |  |
| USD |  |  |  |  |
| Gold (bars) | 0 | 0 | 3,200 693,489.74	1,910,769,039.31 | 7.74 |
|  |  |  | 1,910,769,039.31 | 7.74 |
| Precious metals, gold |  |  | 1,910,769,039.31 | 7.74 |

| Bank balances – current account | Currency | Interest rate in % | Maturity | Foreign currency holdings | Market value EUR | %-share of NSFA 1) |
| --- | --- | --- | --- | --- | --- | --- |
| DZ PRIVATBANK S.A. 3) | CAD | -0.4500 | daily | 690,912.69 | 466,769.82 | 0.00 |
| DZ PRIVATBANK S.A. 3) | CHF | -1.2000 | daily | 537,126.62 | 495,595.70 | 0.00 |
| DZ PRIVATBANK S.A. 3) | DKK | -1.2000 | daily | 14,074,981.53 | 1,892,892.60 | 0.01 |
| DZ PRIVATBANK S.A. 3) | EUR | -0.5800 | daily | 2,494,930,732.61 | 2,494,930,732.61 | 10.11 |
| DZ PRIVATBANK S.A. 3) | GBP | -0.3500 | daily | 7,217,088.11 | 8,343,454.46 | 0.03 |
| DZ PRIVATBANK S.A. 3) | HKD | -1.1500 | daily | 8,719,661.18 | 964,510.94 | 0.01 |
| DZ PRIVATBANK S.A. 3) | INR | 0.0000 | daily | 271,600,091.75 | 3,154,139.25 | 0.01 |
| DZ PRIVATBANK S.A. 3) | JPY | -0.4000 | daily | 11,910.00 | 91.65 | 0.00 |
| DZ PRIVATBANK S.A. 3) | USD | -0.2000 | daily | 36,189,580.25 | 31,160,306.74 | 0.13 |
| DZ PRIVATBANK S.A. (Variation Margin) | EUR | 0.0000 | daily | 23,050,000.00 | 23,050,000.00 | 0.09 |
| Total bank balances current account 4) |  |  |  |  | 2,564,458,493.77 | 10.39 |
| Balance of other receivables and payables |  |  |  |  | -344,617,287.71 | -1.39 |
| Net sub-fund assets in EUR |  |  |  |  | 24,679,443,195.21 | 100.00 |


### Forward exchange transactions
As at 30 September 2021, the following forward exchange transactions were outstanding:
Currency	Currency amount
Market value
EUR
%-share
of NSFA 1)
EUR/USD	Currency sales	3,900,000,000.00	3,354,158,165.5513.59
1) NSFA = net sub-fund assets. Due to rounding differences in individual amounts, totals may differ from the actual value.
2) A detailed statement of gold holdings as at 30 September 2021 is available free of charge by post, fax or email from the registered offices of the investment company, the depositary, the paying agents and sales agents for each country of distribution and from the representative in Switzerland.
3) The bank balances held are not protected by a deposit guarantee scheme. The interest rates given are valid as at 30 September 2021. The stated bank credit balances are payable at sight.
4) See the notes to the annual report.
Flossbach von Storch SICAV - Multiple Opportunities

### Additions and disposals from 1 October 2020 to 30 September 2021
Purchases and sales of securities, note loans and derivatives during the reporting period, including changes not involving monetary transactions and not disclosed in the statement of assets.
ISIN	Securities
Equities, rights and participation certificates
Additions
in the reporting period
Disposals
in the reporting period
| Exchange-traded securities |
| --- |
| Germany |  |  |  |  |
| US09075V1026 | BioNTech SE ADR | USD | 288,957 | 288,957 |
| DE000A0Z2ZZ5 | freenet AG | EUR | 0 | 10,668,561 |
| DE000LEG1110 | LEG Immobilien SE | EUR | 100,000 | 900,000 |
| France |  |  |  |  |
| FR0000120321 | L'Oréal S.A. | EUR | 0 | 130,000 |
| Israel |  |  |  |  |
| IL0010824113 | Check Point Software Technologies Ltd. | USD | 0 | 2,569,389 |
| Japan |  |  |  |  |
| JP3802400006 | Fanuc Corporation | JPY | 0 | 1,034,600 |
| Canada |  |  |  |  |
| CA89072T1021 | Topicus.com Inc. | CAD | 346,670 | 346,670 |
| Netherlands |  |  |  |  |
| NL0010273215 | ASML Holding NV | EUR | 0 | 135,000 |
| NL0000388619 | Unilever NV | EUR | 0 | 15,000,000 |
| United States of America |
| US00507V1098 | Activision Blizzard Inc. | USD | 0 | 2,500,000 |
| US2855121099 | Electronic Arts Inc. | USD | 0 | 1,900,000 |
| US83088V1026 | Slack Technologies Inc. | USD | 1,504,067 | 1,504,067 |
| US78409V1044 | S&P Global Inc. | USD | 0 | 103,000 |
| US8740541094 | Take-Two Interactive Software Inc. | USD | 0 | 600,000 |
| US1912161007 | The Coca-Cola Co. | USD | 0 | 5,000,000 |
| US4370761029 | The Home Depot Inc. | USD | 385,000 | 600,000 |
| US9288811014 | Vontier Corporation | USD | 746,666 | 746,666 |
| United Kingdom |
| GB0004544929 | Imperial Brands Plc. | GBP | 0 | 15,372,050 |
| Bonds |  |  |  |  |
| Exchange-traded securities |
| EUR |  |  |  |  |
| XS1799939027 | 4.625% | Volkswagen Internat Finance NV Reg.S. Fix-to-Float Perp. | 0 | 155,000,000 |
| XS1629774230 | 3.875% | Volkswagen Internat Finance NV Reg.S. Fix-to-Float Perp. | 0 | 194,000,000 |
| XS1048428442 | 4.625% | Volkswagen Internat Finance NV Reg.S. Fix-to-Float Perp. | 0 | 105,000,000 |
| XS2010039381 | 2.000% | ZF Europe Finance BV v.19(2026) | 0 | 41,500,000 |
| XS2010039977 | 2.500% | ZF Europe Finance BV v.19(2027) | 0 | 38,200,000 |
| JPY |  |  |  |  |
| JP1300631K78 | 0.400% | Japan v.19(2049) | 0 | 34,000,000,000 |
| JP1201711L13 | 0.300% | Japan v.20(2039) | 0 | 34,000,000,000 |
| JP1201721L45 | 0.400% | Japan v.20(2040) | 0 | 33,000,000,000 |
| JP1300661L47 | 0.400% | Japan v.20(2050) | 0 | 34,000,000,000 |

Flossbach von Storch SICAV - Multiple Opportunities

### Additions and disposals from 1 October 2020 to 30 September 2021 (continued)
Purchases and sales of securities, note loans and derivatives during the reporting period, including changes not involving monetary transactions and not disclosed in the statement of assets.
ISIN	Securities
Additions
in the reporting period
Disposals
in the reporting period
| Securities admitted to trading or included in organised markets |  |
| --- | --- |
| EUR |  |  |
| XS2114413565 2.875% AT & T Inc. Fix-to-Float Perp. | 0 | 56,500,000 |
| Convertible bonds |  |  |
| Securities admitted to trading or included in organised markets |  |  |
| USD |  |  |
| US697435AD78 0.750% Palo Alto Networks Inc./Palo Alto Networks Inc. CV v.18(2023) | 0 | 40,750,000 |
| Futures contracts |  |  |
| EUR |  |  |
| EUX 10YR Euro-Bund Future June 2021 | 12,650 | 12,650 |
| EUX 10YR Euro-Bund Future September 2021 | 12,650 | 12,650 |


### Exchange rates
The values of assets denominated in foreign currencies are given in euro, applying the exchange rates prevailing on 29 September 2021 as stated below.
| British pound | GBP | 1 | 0.8650 |
| --- | --- | --- | --- |
| Danish krone | DKK | 1 | 7.4357 |
| Hong Kong dollar | HKD | 1 | 9.0405 |
| Indian rupee | INR | 1 | 86.1091 |
| Japanese yen | JPY | 1 | 129.9490 |
| Canadian dollar | CAD | 1 | 1.4802 |
| Swiss franc | CHF | 1 | 1.0838 |
| US dollar | USD | 1 | 1.1614 |

Translation (ENDE, 2021-09-30):
# Flossbach von Storch SICAV - Multiple Opportunities
Jahresbericht
1. Oktober 2020 - 30. September 2021

### Die Gesellschaft ist berechtigt, Aktienklassen mit unterschiedlichen Rechten hinsichtlich der Aktien zu bilden. Derzeit bestehen die folgenden Aktienklassen mit den Ausgestaltungsmerkmalen:
|  | Aktienklasse F | Aktienklasse R | Aktienklasse I |
| --- | --- | --- | --- |
| WP-Kenn-Nr.: | A0M43Z | A0M430 | A1W0MN |
| ISIN-Code: | LU0323578574 | LU0323578657 | LU0945408952 |
| Ausgabeaufschlag: | bis zu 5,00 % | bis zu 5,00 % | bis zu 5,00 % |
| Rücknahmeabschlag: | keiner | keiner | keiner |
| Verwaltungsvergütung: | 1,03 % p.a. | 1,53 % p.a. | 0,78 % p.a. |
| Mindesterstanlage: | 5.000.000 EUR | keine | 1.000.000 EUR |
| Mindestfolgeanlage: | 1.000.000 EUR | keine | 1.000.000 EUR |
| Ertragsverwendung: | ausschüttend | ausschüttend | ausschüttend |
| Währung: | EUR | EUR | EUR |

| Geografische Länderaufteilung 1) |  |
| --- | --- |
| Vereinigte Staaten von Amerika |  |  |  | 49,68 % |
| Deutschland |  |  |  | 7,82 % |
| Schweiz |  |  |  | 6,89 % |
| Vereinigtes Königreich |  |  |  | 5,32 % |
| Kaimaninseln |  |  |  | 3,62 % |
| Kanada |  |  |  | 3,59 % |
| Dänemark |  |  |  | 1,78 % |
| Frankreich |  |  |  | 1,59 % |
| Israel |  |  |  | 1,48 % |
| Hongkong |  |  |  | 0,83 % |
| Indien |  |  |  | 0,39 % |
| Luxemburg |  |  |  | 0,27 % |
| Wertpapiervermögen |  |  |  | 83,26 % |
| Edelmetall Gold |  |  |  | 7,74 % |
| Bankguthaben 2) |  |  |  | 10,39 % |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten |  |  |  | -1,39 % |
|  |  |  |  | 100,00 % |

1) Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2) Siehe Erläuterungen zum Jahresbericht.
| Flossbach von Storch SICAV - Multiple Opportunities Branchenaufteilung 1) |  |
| --- | --- |
| Media & Entertainment | 11,34 % |
| Software & Dienste | 9,05 % |
| Roh-, Hilfs- & Betriebsstoffe | 8,55 % |
| Diversifizierte Finanzdienste | 8,54 % |
| Investitionsgüter | 8,29 % |
| Pharmazeutika, Biotechnologie & Biowissenschaften | 7,82 % |
| Haushaltsartikel & Körperpflegeprodukte | 7,35 % |
| Lebensmittel, Getränke & Tabak | 6,29 % |
| Groß- und Einzelhandel | 5,18 % |
| Hardware & Ausrüstung | 2,70 % |
| Gesundheitswesen: Ausstattung & Dienste | 2,25 % |
| Transportwesen | 1,09 % |
| Automobile & Komponenten | 1,02 % |
| Gewerbliche Dienste & Betriebsstoffe | 0,84 % |
| Versicherungen | 0,83 % |
| Telekommunikationsdienste | 0,76 % |
| Gebrauchsgüter & Bekleidung | 0,55 % |
| Immobilien | 0,42 % |
| Banken | 0,39 % |
| Wertpapiervermögen | 83,26 % |
| Edelmetall Gold | 7,74 % |
| Bankguthaben 2) | 10,39 % |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten | -1,39 % |
|  | 100,00 % |


### Entwicklung der letzten 3 Geschäftsjahre
| Aktienklasse F |  |
| --- | --- |
|  | Netto- Aktienklassenvermögen | Umlaufende | Netto- Mittelaufkommen | Aktienwert |
| Datum | Mio. EUR | Aktien | Tsd. EUR | EUR |
| 30.09.2019 | 1.353,18 | 4.547.760 | -80.715,78 | 297,55 |
| 30.09.2020 | 1.560,68 | 4.899.483 | 106.583,37 | 318,54 |
| 30.09.2021 | 1.692,14 | 4.896.442 | -1.794,55 | 345,59 |

1) Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2) Siehe Erläuterungen zum Jahresbericht.
Flossbach von Storch SICAV - Multiple Opportunities

### Entwicklung der letzten 3 Geschäftsjahre 
(Fortsetzung)
| Aktienklasse R |  |  |  |  |
| --- | --- | --- | --- | --- |
|  | Netto- Aktienklassenvermögen | Umlaufende | Netto- Mittelaufkommen | Aktienwert |
| Datum | Mio. EUR | Aktien | Tsd. EUR | EUR |
| 30.09.2019 | 13.007,66 | 49.738.271 | 1.473.500,15 | 261,52 |
| 30.09.2020 | 16.209,81 | 58.573.273 | 2.386.145,86 | 276,74 |
| 30.09.2021 | 19.969,76 | 67.450.372 | 2.573.748,74 | 296,07 |
| Aktienklasse I |  |  |  |  |
|  | Netto- Aktienklassenvermögen | Umlaufende | Netto- Mittelaufkommen | Aktienwert |
| Datum | Mio. EUR | Aktien | Tsd. EUR | EUR |
| 30.09.2019 | 1.337,08 | 8.725.241 | 232.425,83 | 153,24 |
| 30.09.2020 | 2.241,07 | 13.735.836 | 791.865,62 | 163,15 |
| 30.09.2021 | 3.017,55 | 17.186.217 | 588.805,80 | 175,58 |

Entwicklungen der Vergangenheit sind keine Gewähr für zukünftige Ergebnisse.
| Flossbach von Storch SICAV - Multiple Opportunities |  |
| --- | --- |
| Zusammensetzung des Netto-Teilfondsvermögens zum 30. September 2021 | EUR | EUR |
|  | 30. September 2020 | 30. September 2021 |
| Wertpapiervermögen | 16.771.365.260,73 | 20.548.832.949,84 |
| (Wertpapiereinstandskosten zum 30. September 2020: EUR 14.479.932.797,64) |  |  |
| (Wertpapiereinstandskosten zum 30. September 2021: EUR 17.055.352.273,56) |  |  |
| Edelmetall Gold | 2.051.748.180,22 | 1.910.769.039,31 |
| Bankguthaben 1) 2) | 1.163.103.899,78 | 2.564.458.493,77 |
| Nicht realisierte Gewinne aus Devisentermingeschäften | 40.116.098,75 | 0,00 |
| Zinsforderungen | 7.981.489,73 | 0,00 |
| Dividendenforderungen | 20.048.608,12 | 8.216.495,53 |
| Forderungen aus Absatz von Aktien | 25.523.017,25 | 19.147.101,60 |
| Forderungen aus Wertpapiergeschäften | 12.339.646,98 | 0,00 |
| Forderungen aus Devisengeschäften | 21.925.016,44 | 63.716.204,58 |
| Sonstige Forderungen 3) | 0,00 | 988.221,08 |
|  | 20.114.151.218,00 | 25.116.128.505,71 |
| Verbindlichkeiten aus Rücknahmen von Aktien | -5.004.060,71 | -6.992.251,12 |
| Nicht realisierte Verluste aus Devisentermingeschäften | 0,00 | -46.037.166,13 |
| Zinsverbindlichkeiten | 0,00 | -4.014.528,13 |
| Verbindlichkeiten aus Wertpapiergeschäften | 0,00 | -94.167.206,75 |
| Verbindlichkeiten aus Devisengeschäften | -21.898.609,44 | -63.433.718,62 |
| Verwaltungsvergütung / Fondsmanagementvergütung 4) | -23.056.532,37 | -28.970.419,34 |
| Verwahrstellenvergütung 4) | -307.229,76 | -342.250,47 |
| Performancevergütung | -49.668.891,44 | -189.394.607,13 |
| Zentralverwaltungsstellenvergütung 4) | -134.513,91 | -149.571,17 |
| Register- und Transferstellenvergütung | 0,00 | -37.206,78 |
| Taxe d'abonnement 5) | -2.518.327,38 | -3.114.329,55 |
| Veröffentlichungs- und Prüfungskosten | -11.407,00 | -11.407,00 |
| Sonstige Passiva | 0,00 | -20.648,31 |
|  | -102.599.572,01 | -436.685.310,50 |
| Netto-Teilfondsvermögen | 20.011.551.645,99 | 24.679.443.195,21 |
| Umlaufende Aktien | 77.208.592,698 | 89.533.030,249 |
| Zurechnung auf die Aktienklassen |  |  |

30. September 2020	30. September 2021
Aktienklasse F	
Anteiliges Netto-Teilfondsvermögen	1.560.677.835,91 EUR	1.692.138.494,66 EUR
Umlaufende Aktien	4.899.483,328	4.896.441,558
Aktienwert	318,54 EUR	345,59 EUR
1) Die gehaltenen Bankguthaben sind nicht durch eine Einrichtung zur Sicherung der Einlagen geschützt.
2) Siehe Erläuterungen zum Jahresbericht.
3) Diese Position setzt sich im Wesentlichen zusammen aus Quellensteuerrückerstattungen (Dänemark) für das Jahr 2018.
4) Rückstellungen für den Zeitraum 1. September 2021 - 30. September 2021.
5) Rückstellungen für das 3. Quartal 2021.
| Flossbach von Storch SICAV - Multiple Opportunities Zurechnung auf die Aktienklassen  (Fortsetzung) |  |
| --- | --- |
|  |  | 30. September 2020	30. September 2021 |
| Aktienklasse R |  |  |
| Anteiliges Netto-Teilfondsvermögen |  | 16.209.806.889,20 EUR	19.969.757.778,05 EUR |
| Umlaufende Aktien |  | 58.573.273,387	67.450.372,021 |
| Aktienwert |  | 276,74 EUR	296,07 EUR |
| Aktienklasse I |  |  |
| Anteiliges Netto-Teilfondsvermögen |  | 2.241.066.920,88 EUR	3.017.546.922,50 EUR |
| Umlaufende Aktien |  | 13.735.835,983	17.186.216,670 |
| Aktienwert |  | 163,15 EUR	175,58 EUR |
| Veränderung des Netto-Teilfondsvermögens |  |  |
| im Berichtszeitraum vom 1. Oktober 2020 bis zum 30. September 2021 |  |  |
|  | Total EUR | Aktienklasse F EUR | Aktienklasse R EUR | Aktienklasse I EUR |
| Netto-Teilfondsvermögen zu Beginn des Berichtszeitraumes | 20.011.551.645,99 | 1.560.677.835,91 | 16.209.806.889,20 | 2.241.066.920,88 |
| Ordentlicher Nettoaufwand | -304.362.728,01 | -413.588,92 | -280.108.606,99 | -23.840.532,10 |
| Ertrags- und Aufwandsausgleich | 25.832.460,23 | 28.550,69 | 22.653.109,47 | 3.150.800,07 |
| Mittelzuflüsse aus Aktienverkäufen | 4.695.852.017,55 | 162.635.630,06 | 3.715.048.271,88 | 818.168.115,61 |
| Mittelabflüsse aus Aktienrücknahmen | -1.535.092.028,36 | -164.430.182,28 | -1.141.299.531,27 | -229.362.314,81 |
| Realisierte Gewinne | 1.234.368.750,95 | 91.275.758,04 | 996.447.370,27 | 146.645.622,64 |
| Realisierte Verluste | -303.025.182,55 | -22.065.544,52 | -244.420.271,46 | -36.539.366,57 |
| Nettoveränderung nicht realisierter Gewinne | 979.199.921,28 | 72.132.670,04 | 791.565.949,95 | 115.501.301,29 |
| Nettoveränderung nicht realisierter Verluste | -4.284.113,89 | 1.232.722,80 | -2.877.409,43 | -2.639.427,26 |
| Ausschüttung | -120.597.547,98 | -8.935.357,16 | -97.057.993,57 | -14.604.197,25 |
| Netto-Teilfondsvermögen zum Ende des Berichtszeitraumes | 24.679.443.195,21 | 1.692.138.494,66 | 19.969.757.778,05 | 3.017.546.922,50 |

| Entwicklung der Anzahl der Aktien im Umlauf Aktienklasse F | Stück | Stück |
| --- | --- | --- |
|  | 30. September 2020 | 30. September 2021 |
| Umlaufende Aktien zu Beginn des Berichtszeitraumes | 4.547.759,890 | 4.899.483,328 |
| Ausgegebene Aktien | 577.180,823 | 491.055,443 |
| Zurückgenommene Aktien | -225.457,385 | -494.097,213 |
| Umlaufende Aktien zum Ende des Berichtszeitraumes | 4.899.483,328 | 4.896.441,558 |

| Entwicklung der Anzahl der Aktien im Umlauf Aktienklasse R | Stück | Stück |
| --- | --- | --- |
|  | 30. September 2020 | 30. September 2021 |
| Umlaufende Aktien zu Beginn des Berichtszeitraumes | 49.738.270,550 | 58.573.273,387 |
| Ausgegebene Aktien | 13.206.039,771 | 12.842.982,288 |
| Zurückgenommene Aktien | -4.371.036,934 | -3.965.883,654 |
| Umlaufende Aktien zum Ende des Berichtszeitraumes | 58.573.273,387 | 67.450.372,021 |

Flossbach von Storch SICAV - Multiple Opportunities
| Entwicklung der Anzahl der Aktien im Umlauf Aktienklasse I | Stück | Stück |
| --- | --- | --- |
|  | 30. September 2020 | 30. September 2021 |
| Umlaufende Aktien zu Beginn des Berichtszeitraumes | 8.725.241,117 | 13.735.835,983 |
| Ausgegebene Aktien | 5.789.175,312 | 4.786.013,828 |
| Zurückgenommene Aktien | -778.580,446 | -1.335.633,141 |
| Umlaufende Aktien zum Ende des Berichtszeitraumes | 13.735.835,983 | 17.186.216,670 |

| Wertentwicklung in Prozent 1) |  |
| --- | --- |
| Stand: 30. September 2021 |
|  | ISIN | Anteilklassen- |  |  |  |  | seit |
| Fonds | WKN | währung | 6 Monate | 1 Jahr | 3 Jahre | 10 Jahre | Auflegung |
| Flossbach von Storch SICAV - Multiple Opportunities F | LU0323578574 |  |  |  |  |  |  |
| seit 24.10.2007 | A0M43Z | EUR | 4,14% | 9,10% | 30,61% | 155,59% | 269,26% |
| Flossbach von Storch SICAV - Multiple Opportunities R | LU0323578657 |  |  |  |  |  |  |
| seit 26.10.2007 | A0M430 | EUR | 3,42% | 7,60% | 25,56% | 123,55% | 213,48% |
| Flossbach von Storch SICAV - Multiple Opportunities I | LU0945408952 |  |  |  |  |  |  |
| seit 30.09.2013 | A1W0MN | EUR | 3,74% | 8,27% | 28,05% | — | 83,96% |

1) Auf Basis veröffentlichter Anteilwerte (BVI-Methode), entspricht im Ergebnis der Richtlinie zur “Berechnung und Publikation der Performance von kollektiven Kapitalanlagen“ der Swiss Funds & Asset Management Association vom 16. Mai 2008.
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 SICAV - Multiple Opportunities |  |
| --- | --- |
| Ertrags- und Aufwandsrechnung |
| im Berichtszeitraum vom 1. Oktober 2020 bis zum 30. September 2021 |
| Total | Aktienklasse F | Aktienklasse R | Aktienklasse I |
| EUR | EUR | EUR | EUR |
| Erträge |  |  |  |
| Dividenden	255.784.264,13 | 18.683.509,15 | 206.497.190,96 | 30.603.564,02 |
| Zinsen auf Anleihen	5.634.006,85 | 432.775,98 | 4.559.628,71 | 641.602,16 |
| Erträge aus Quellensteuerrückerstattung	1.049.053,50 | 72.330,67 | 848.691,20 | 128.031,63 |
| Bankzinsen	-12.624.644,01 | -921.106,67 | -10.195.142,79 | -1.508.394,55 |
| Bestandsprovisionen	120.870,27 | 8.960,03 | 97.627,45 | 14.282,79 |
| Sonstige Erträge	33.845,39 | 2.341,50 | 27.380,44 | 4.123,45 |
| Ertragsausgleich	14.703.075,84 | -208.896,06 | 12.494.880,86 | 2.417.091,04 |
| Erträge insgesamt	264.700.471,97 | 18.069.914,60 | 214.330.256,83 | 32.300.300,54 |
| Aufwendungen |  |  |  |
| Zinsaufwendungen	-83.951,09 | -5.945,92 | -67.747,23 | -10.257,94 |
| Performancevergütung	-189.394.607,13 | 0,00 | -162.345.290,27 | -27.049.316,86 |
| Verwaltungsvergütung / Fondsmanagementvergütung	-318.090.117,77 | -17.118.615,26 | -279.950.785,49 | -21.020.717,02 |
| Verwahrstellenvergütung	-4.022.461,74 | -295.486,38 | -3.248.949,51 | -478.025,85 |
| Zentralverwaltungsstellenvergütung	-1.719.954,54 | -126.352,58 | -1.389.204,76 | -204.397,20 |
| Taxe d'abonnement	-11.581.885,17 | -849.687,61 | -9.354.342,95 | -1.377.854,61 |
| Veröffentlichungs- und Prüfungskosten	-115.059,27 | -8.593,53 | -93.015,40 | -13.450,34 |
| Satz-, Druck- und Versandkosten der Jahres- und Halbjahresberichte  -22.496,29 | -1.653,81 | -18.157,53 | -2.684,95 |
| Register- und Transferstellenvergütung	-120.845,99 | -9.197,38 | -97.526,86 | -14.121,75 |
| Staatliche Gebühren	-10.492,03 | -776,29 | -8.468,61 | -1.247,13 |
| Lagerstellengebühren	-3.230.475,41 | -237.539,29 | -2.608.142,41 | -384.793,71 |
| Sonstige Aufwendungen 1)	-135.317,48 | -10.000,84 | -109.242,47 | -16.074,17 |
| Aufwandsausgleich	-40.535.536,07 | 180.345,37 | -35.147.990,33 | -5.567.891,11 |
| Aufwendungen insgesamt	-569.063.199,98 | -18.483.503,52 | -494.438.863,82 | -56.140.832,64 |
| Ordentlicher Nettoaufwand	-304.362.728,01 | -413.588,92 | -280.108.606,99 | -23.840.532,10 |
| Transaktionskosten im Geschäftsjahr gesamt 2)	6.024.024,14 |  |  |  |
| Laufende Kosten in Prozent 2) | 1,12 | 1,62 | 0,87 |
| Total Expense Ratio ohne Performancevergütung in Prozent 2) |  |  |  |
| (für den Zeitraum vom 1. Oktober 2020 bis zum 30. September 2021) | 1,12 | 1,62 | 0,87 |
| Total Expense Ratio mit Performancevergütung in Prozent 2) |  |  |  |
| (für den Zeitraum vom 1. Oktober 2020 bis zum 30. September 2021) | 1,12 | 2,51 | 1,87 |
| Performancevergütung in Prozent 2) |  |  |  |
| (für den Zeitraum vom 1. Oktober 2020 bis zum 30. September 2021) | - | 0,89 | 1,00 |

1) Die Position setzt sich im Wesentlichen zusammen aus Mitgliedsbeiträgen und Kosten für Collateral Manager.
2) Siehe Erläuterungen zum Jahresbericht.
Flossbach von Storch SICAV - Multiple Opportunities

### Vermögensaufstellung zum 30. September 2021
Zugänge
im
Abgänge
im
Kurswert
%-Anteil
vom
ISIN	Wertpapiere
| Kaimaninseln |  |
| --- | --- |
| KYG017191142 | Alibaba Group Holding Ltd. | HKD | 4.050.000 | 0 | 24.370.000 | 142,2000 | 383.321.055,25 | 1,55 |
| US01609W1027 | Alibaba Group Holding Ltd. ADR | USD | 1.000.000 | 0 | 1.000.000 | 147,5800 | 127.070.776,65 | 0,51 |
| KYG875721634 | Tencent Holdings Ltd. | HKD | 7.520.000 | 0 | 7.520.000 | 461,4000 | 383.798.241,25 | 1,56 |
|  |  |  |  |  |  |  | 894.190.073,15 | 3,62 |
| Dänemark |  |  |  |  |  |  |  |  |
| DK0060534915 | Novo-Nordisk AS | DKK | 311.955 | 2.860.000 | 5.340.000 | 613,2000 | 440.373.872,00 | 1,78 |
|  |  |  |  |  |  |  | 440.373.872,00 | 1,78 |
| Deutschland |  |  |  |  |  |  |  |  |
| DE000A1EWWW0 | adidas AG | EUR | 0 | 100.000 | 500.000 | 271,0000 | 135.500.000,00 | 0,55 |
| DE000BASF111 | BASF SE | EUR | 1.414.521 | 4.014.521 | 7.400.000 | 65,8300 | 487.142.000,00 | 1,97 |
| DE0005190003 | Bayer. Motoren Werke AG | EUR | 750.000 | 850.000 | 2.500.000 | 84,4700 | 211.175.000,00 | 0,86 |
| DE0005190037 | Bayer. Motoren Werke AG -VZ- | EUR | 0 | 0 | 578.685 | 67,6000 | 39.119.106,00 | 0,16 |
| DE0005158703 | Bechtle AG | EUR | 1.627.420 | 182.678 | 2.400.000 | 59,3200 | 142.368.000,00 | 0,58 |
| DE000A1DAHH0 | Brenntag SE | EUR | 0 | 1.284.405 | 1.500.000 | 80,3400 | 120.510.000,00 | 0,49 |
| DE0005810055 | Dte. Börse AG | EUR | 2.595.071 | 0 | 3.579.446 | 140,1500 | 501.659.356,90 | 2,03 |
| DE0008303504 | TAG Immobilien AG | EUR | 0 | 3.628.602 | 4.000.000 | 25,6200 | 102.480.000,00 | 0,42 |
| DE0005089031 | United Internet AG | EUR | 0 | 1.973.980 | 5.635.269 | 33,4900 | 188.725.158,81 | 0,76 |
|  |  |  |  |  |  |  | 1.928.678.621,71 | 7,82 |
| Frankreich |  |  |  |  |  |  |  |  |
| FR0010307819 | Legrand S.A. | EUR | 200.000 | 0 | 4.200.000 | 93,3800 | 392.196.000,00 | 1,59 |
|  |  |  |  |  |  |  | 392.196.000,00 | 1,59 |
| Hongkong |  |  |  |  |  |  |  |  |
| HK0000069689 | AIA Group Ltd | HKD | 0 | 0 | 20.500.000 | 89,9500 | 203.968.253,97 | 0,83 |
|  |  |  |  |  | 203.968.253,97 | 0,83 |
| Indien |  |  |  |  |  |  |
| INE001A01036 | Housing Development Finance Corporation Ltd. | INR | 0 | 0 3.000.000 2.753,0500 | 95.914.949,76 | 0,39 |
|  |  |  |  |  | 95.914.949,76 | 0,39 |
| Israel |  |  |  |  |  |  |
| IL0011301780 | Wix.com Ltd. | USD | 2.195.000 | 0 2.195.000  193,8800 | 366.425.520,92 | 1,48 |
|  |  |  |  |  | 366.425.520,92 | 1,48 |
| Kanada |  |  |  |  |  |  |
| CA0679011084 | Barrick Gold Corporation | USD | 7.075.783 | 0 31.000.000	17,5800 | 469.244.015,84 | 1,90 |
| CA21037X1006 | Constellation Software Inc. | CAD | 46.600 | 0	203.000 2.076,6600 | 284.800.689,10 | 1,15 |
| CA49741E1007 | Kirkland Lake Gold Ltd. | USD | 3.200.000 | 0  3.700.000	41,4600 | 132.083.692,10 | 0,54 |
|  |  |  |  |  | 886.128.397,04 | 3,59 |
| Luxemburg |  |  |  |  |  |  |
| LU1778762911 | SPOTIFY TECHNOLOGY S.A. | USD | 350.000 | 0	350.000  220,3200 | 66.395.729,29 | 0,27 |
|  |  |  |  |  | 66.395.729,29 | 0,27 |

Aktien, Anrechte und Genussscheine Börsengehandelte Wertpapiere
Berichtszeitraum Berichtszeitraum	Bestand	Kurs
EUR
NTFV 1)
1) NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
Flossbach von Storch SICAV - Multiple Opportunities

### Vermögensaufstellung zum 30. September 2021 
(Fortsetzung)
Zugänge
| ISIN | Wertpapiere | Berichtszeitraum Berichtszeitraum	Bestand	Kurs	EUR	NTFV |
| --- | --- | --- |
| Schweiz |  |  |  |  |  |  |  |  |
| CH0038863350 | Nestlé S.A. | CHF | 0 | 856.291 | 8.700.000 | 112,4600 | 902.751.430,15 | 3,66 |
| CH0012005267 | Novartis AG | CHF | 0 | 0 | 5.500.000 | 77,2300 | 391.921.941,32 | 1,59 |
| CH0012032048 | Roche Holding AG Genussscheine | CHF | 263.784 | 214.451 | 1.300.000 | 338,0500 | 405.485.329,40 | 1,64 |
|  |  |  |  |  |  |  | 1.700.158.700,87 | 6,89 |
| Vereinigte Staaten von Amerika |  |  |  |  |  |  |  |
| US0028241000	Abbott Laboratories | USD | 1.200.000 | 0 | 3.000.000 | 119,4600 | 308.575.856,72 | 1,25 |
| US00724F1012	Adobe Inc. | USD | 68.000 | 0 | 148.000 | 577,7000 | 73.617.702,77 | 0,30 |
| US02079K3059	Alphabet Inc. | USD | 103.803 | 119.903 | 501.000 | 2.687,0700 | 1.159.137.308,42 | 4,70 |
| US0231351067	Amazon.com Inc. | USD | 72.100 | 0 | 168.000 | 3.301,1200 | 477.516.927,85 | 1,93 |
| US0311001004	AMETEK Inc. | USD | 500.000 | 0 | 500.000 | 126,8300 | 54.602.204,24 | 0,22 |
| US0320951017	Amphenol Corporation | USD | 4.400.000 | 0 | 4.400.000 | 74,5400 | 282.397.106,94 | 1,14 |
| US0378331005	Apple Inc. | USD | 3.135.000 | 0 | 3.135.000 | 142,8300 | 385.545.074,91 | 1,56 |
| US0758871091	Becton, Dickinson & Co. | USD | 300.000 | 313.065 | 1.140.992 | 251,7900 | 247.365.572,31 | 1,00 |
| US0846707026	Berkshire Hathaway Inc. | USD | 700.000 | 26.640 | 3.273.360 | 277,2900 | 781.530.906,15 | 3,17 |
| US09247X1019	Blackrock Inc. | USD | 500.000 | 0 | 500.000 | 856,5700 | 368.766.144,31 | 1,49 |
| US8085131055	Charles Schwab Corporation | USD | 2.000.000 | 0 | 2.000.000 | 75,3800 | 129.808.851,39 | 0,53 |
| US29786A1060	Etsy Inc. | USD | 1.290.000 | 0 | 1.290.000 | 205,3000 | 228.032.546,93 | 0,92 |
| US30303M1027  Facebook Inc. | USD | 100.000 | 375.000 | 2.225.000 | 339,6100 | 650.621.878,77 | 2,64 |
| US34959J1088	Fortive Corporation | USD | 2.814.461 | 0 | 4.681.126 | 72,3300 | 291.532.498,35 | 1,18 |
| US4523081093	Illinois Tool Works Inc. | USD | 900.000 | 0 | 1.900.000 | 213,2600 | 348.884.105,39 | 1,41 |
| US45866F1049	Intercontinental Exchange Inc. | USD | 1.500.000 | 0 | 1.500.000 | 116,9000 | 150.981.573,96 | 0,61 |
| US4781601046	Johnson & Johnson | USD | 399.503 | 0 | 3.849.503 | 164,0200 | 543.650.320,35 | 2,20 |
| US57636Q1040  Mastercard Inc. | USD | 360.000 | 0 | 760.000 | 353,1900 | 231.121.405,20 | 0,94 |
| US5949181045	Microsoft Corporation | USD | 720.000 | 0 | 2.125.000 | 284,0000 | 519.631.479,25 | 2,11 |
| US6153691059	Moody's Corporation | USD | 555.000 | 0 | 555.000 | 359,4200 | 171.756.586,88 | 0,70 |
| US6516391066	Newmont Corporation | USD | 2.863.502 | 363.502 | 9.500.000 | 53,7100 | 439.336.146,03 | 1,78 |
| US70450Y1038	PayPal Holdings Inc. | USD | 96.752 | 0 | 356.000 | 259,0000 | 79.390.390,91 | 0,32 |
| US7134481081	PepsiCo Inc. | USD | 2.783.623 | 0 | 3.500.000 | 152,3000 | 458.971.930,43 | 1,86 |
| US7181721090	Philip Morris International Inc. | USD | 19.126 | 3.300.000 | 2.219.126 | 99,4900 | 190.098.885,60 | 0,77 |
| US72352L1061	Pinterest Inc. | USD | 6.187.848 | 1.836.359 | 13.901.489 | 50,3700 | 602.908.559,44 | 2,44 |
| US7766961061	Roper Technologies Inc. | USD | 232.127 | 0 | 350.000 | 455,5400 | 137.281.728,95 | 0,56 |
| US79466L3024	salesforce.com Inc. | USD | 1.200.000 | 0 | 1.200.000 | 270,5000 | 279.490.270,36 | 1,13 |
| US7427181091	The Procter & Gamble Co. | USD | 2.849.384 | 499.384 | 4.100.000 | 142,0200 | 501.362.149,13 | 2,03 |
| US8835561023	Thermo Fisher Scientific Inc. | USD | 300.000 | 0 | 300.000 | 579,6000 | 149.715.860,17 | 0,61 |
| US90353T1007	Uber Technologies Inc. | USD | 7.000.000 | 0 | 7.000.000 | 44,5200 | 268.331.324,26 | 1,09 |
| US92345Y1064	Verisk Analytics Inc. | USD | 990.000 | 0 | 1.190.000 | 202,3700 | 207.353.452,73 | 0,84 |
| US92826C8394	VISA Inc. | USD | 720.000 | 0 | 1.320.000 | 226,6800 | 257.635.267,78 | 1,04 |
| US88579Y1010	3M Co. | USD | 580.000 | 0 | 4.500.000 | 180,8800 | 700.843.809,20 | 2,84 |
|  |  |  |  |  |  | 11.677.795.826,08 | 47,31 |

im
Abgänge
im
Kurswert
%-Anteil
vom
1)
1) NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
Flossbach von Storch SICAV - Multiple Opportunities

### Vermögensaufstellung zum 30. September 2021 
(Fortsetzung)
Zugänge
im
Abgänge
im
Kurswert
%-Anteil
vom
| GB00B24CGK77 | Reckitt Benckiser Group Plc. | GBP | 1.650.000 | 2.000.000 | 9.000.000 | 58,4500	608.150.289,02 | 2,46 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| GB00B10RZP78 | Unilever Plc. | EUR | 15.000.000 | 0 | 15.000.000 | 47,0300	705.450.000,00 | 2,86 |
|  |  |  |  |  |  | 1.313.600.289,02 | 5,32 |
| Börsengehandelte Wertpapiere |  |  |  |  | 19.965.826.233,81 | 80,89 |
| Aktien, Anrechte und Genussscheine |  |  |  |  | 19.965.826.233,81 | 80,89 |
| Zertifikate |  |  |  |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  |
| Vereinigte Staaten von Amerika |  |  |  |  |  |  |
| IE00B579F325	Invesco Physical Markets Plc./Gold Unze Zert. v.09(2100) | USD | 1.840.000 | 0 | 4.040.000  167,6000 | 583.006.716,03 | 2,37 |
|  |  |  |  |  | 583.006.716,03 | 2,37 |
| Börsengehandelte Wertpapiere |  |  |  |  | 583.006.716,03 | 2,37 |
| Zertifikate |  |  |  |  | 583.006.716,03 | 2,37 |
| Wertpapiervermögen |  |  |  |  | 20.548.832.949,84 | 83,26 |
| Edelmetall Gold 2) |  |  |  |  |  |  |
| USD |  |  |  |  |  |  |
| Gold (Barren) |  | 0 | 0 | 3.200 693.489,74 | 1.910.769.039,31 | 7,74 |
|  |  |  |  |  | 1.910.769.039,31 | 7,74 |
| Edelmetall Gold |  |  |  |  | 1.910.769.039,31 | 7,74 |

ISIN	Wertpapiere Vereinigtes Königreich
Berichtszeitraum Berichtszeitraum	Bestand	Kurs
EUR
NTFV 1)
| Zinssatz Bankguthaben - Kontokorrent	Währung	in % | Bestand in Fälligkeit	Fremdwährung | Kurswert EUR | %-Anteil vom NTFV |
| --- | --- | --- | --- |
| DZ PRIVATBANK S.A. 3) | CAD | -0,4500 | täglich | 690.912,69 | 466.769,82 | 0,00 |
| DZ PRIVATBANK S.A. 3) | CHF | -1,2000 | täglich | 537.126,62 | 495.595,70 | 0,00 |
| DZ PRIVATBANK S.A. 3) | DKK | -1,2000 | täglich | 14.074.981,53 | 1.892.892,60 | 0,01 |
| DZ PRIVATBANK S.A. 3) | EUR | -0,5800 | täglich | 2.494.930.732,61 | 2.494.930.732,61 | 10,11 |
| DZ PRIVATBANK S.A. 3) | GBP | -0,3500 | täglich | 7.217.088,11 | 8.343.454,46 | 0,03 |
| DZ PRIVATBANK S.A. 3) | HKD | -1,1500 | täglich | 8.719.661,18 | 964.510,94 | 0,01 |
| DZ PRIVATBANK S.A. 3) | INR | 0,0000 | täglich | 271.600.091,75 | 3.154.139,25 | 0,01 |
| DZ PRIVATBANK S.A. 3) | JPY | -0,4000 | täglich | 11.910,00 | 91,65 | 0,00 |
| DZ PRIVATBANK S.A. 3) | USD | -0,2000 | täglich | 36.189.580,25 | 31.160.306,74 | 0,13 |
| DZ PRIVATBANK S.A. (Variation Margin) | EUR | 0,0000 | täglich | 23.050.000,00 | 23.050.000,00 | 0,09 |
| Summe Bankguthaben - Kontokorrent 4) |  |  |  |  | 2.564.458.493,77 | 10,39 |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten | -344.617.287,71 | -1,39 |
| Netto-Teilfondsvermögen in EUR | 24.679.443.195,21 | 100,00 |

1)
1) NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2) Eine detaillierte Aufstellung der Goldbestände zum Stichtag 30. September 2021 ist am Sitz der Investmentgesellschaft, der Verwahrstelle, bei den Zahlstellen und der Vertriebsstelle der jeweiligen Vertriebsländer und bei der Vertreterin in der Schweiz kostenlos per Post, per Telefax oder per E-Mail erhältlich.
3) Die gehaltenen Bankguthaben sind nicht durch eine Einrichtung zur Sicherung der Einlagen geschützt. Die angegebenen Zinssätze sind per
30. September 2021. Die aufgeführten Salden der Bankguthaben sind auf Sicht fällig.
4) Siehe Erläuterungen zum Jahresbericht.
Flossbach von Storch SICAV - Multiple Opportunities

### Devisentermingeschäfte
Zum 30. September 2021 standen folgende offene Devisentermingeschäfte aus:
Währung	Währungsbetrag
Kurswert
EUR
%-Anteil
vom NTFV 1)
EUR/USD	Währungsverkäufe	3.900.000.000,00	3.354.158.165,55	13,59

### Zu- und Abgänge vom 1. Oktober 2020 bis zum 30. September 2021
Während des Berichtszeitraumes getätigte Käufe und Verkäufe in Wertpapieren, Schuldscheindarlehen und Derivaten, einschließlich Änderungen ohne Geldbewegungen, soweit sie nicht in der Vermögensaufstellung genannt sind.
ISIN	Wertpapiere Aktien, Anrechte und Genussscheine
Zugänge
im Berichtszeitraum
Abgänge
im Berichtszeitraum
| Börsengehandelte Wertpapiere |
| --- |
| Deutschland |  |  |  |  |
| US09075V1026 | BioNTech SE ADR | USD | 288.957 | 288.957 |
| DE000A0Z2ZZ5 | freenet AG | EUR | 0 | 10.668.561 |
| DE000LEG1110 | LEG Immobilien SE | EUR | 100.000 | 900.000 |
| Frankreich |  |  |  |  |
| FR0000120321 | L'Oréal S.A. | EUR | 0 | 130.000 |
| Israel |  |  |  |  |
| IL0010824113 | Check Point Software Technologies Ltd. | USD | 0 | 2.569.389 |
| Japan |  |  |  |  |
| JP3802400006 | Fanuc Corporation | JPY | 0 | 1.034.600 |
| Kanada |  |  |  |  |
| CA89072T1021 | Topicus.com Inc. | CAD | 346.670 | 346.670 |
| Niederlande |  |  |  |  |
| NL0010273215 | ASML Holding NV | EUR | 0 | 135.000 |
| NL0000388619 | Unilever NV | EUR | 0 | 15.000.000 |
| Vereinigte Staaten von Amerika |
| US00507V1098 | Activision Blizzard Inc. | USD | 0 | 2.500.000 |
| US2855121099 | Electronic Arts Inc. | USD | 0 | 1.900.000 |
| US83088V1026 | Slack Technologies Inc. | USD | 1.504.067 | 1.504.067 |
| US78409V1044 | S&P Global Inc. | USD | 0 | 103.000 |
| US8740541094 | Take-Two Interactive Software Inc. | USD | 0 | 600.000 |
| US1912161007 | The Coca-Cola Co. | USD | 0 | 5.000.000 |
| US4370761029 | The Home Depot Inc. | USD | 385.000 | 600.000 |
| US9288811014 | Vontier Corporation | USD | 746.666 | 746.666 |
| Vereinigtes Königreich |  |  |  |
| GB0004544929 Imperial Brands Plc. | GBP | 0 | 15.372.050 |
| Anleihen |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |
| EUR |  |  |  |
| XS1799939027 4,625% Volkswagen Internat Finance NV Reg.S. Fix-to-Float Perp. |  | 0 | 155.000.000 |

1) NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
Flossbach von Storch SICAV - Multiple Opportunities

### Zu- und Abgänge vom 1. Oktober 2020 bis zum 30. September 2021 (Fortsetzung)
Während des Berichtszeitraumes getätigte Käufe und Verkäufe in Wertpapieren, Schuldscheindarlehen und Derivaten, einschließlich Änderungen ohne Geldbewegungen, soweit sie nicht in der Vermögensaufstellung genannt sind.
ISIN	Wertpapiere
Zugänge
im Berichtszeitraum
Abgänge
im Berichtszeitraum
| XS1629774230 | 3,875% | Volkswagen Internat Finance NV Reg.S. Fix-to-Float Perp. | 0 | 194.000.000 |
| --- | --- | --- | --- | --- |
| XS1048428442 | 4,625% | Volkswagen Internat Finance NV Reg.S. Fix-to-Float Perp. | 0 | 105.000.000 |
| XS2010039381 | 2,000% | ZF Europe Finance BV v.19(2026) | 0 | 41.500.000 |
| XS2010039977 | 2,500% | ZF Europe Finance BV v.19(2027) | 0 | 38.200.000 |
| JPY |  |  |  |  |
| JP1300631K78 | 0,400% | Japan v.19(2049) | 0 | 34.000.000.000 |
| JP1201711L13 | 0,300% | Japan v.20(2039) | 0 | 34.000.000.000 |
| JP1201721L45 | 0,400% | Japan v.20(2040) | 0 | 33.000.000.000 |
| JP1300661L47 | 0,400% | Japan v.20(2050) | 0 | 34.000.000.000 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |
| EUR |  |  |
| XS2114413565  2,875%  AT & T Inc. Fix-to-Float Perp. | 0 | 56.500.000 |
| Wandelanleihen |  |  |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |
| USD |  |  |
| US697435AD78 0,750% Palo Alto Networks Inc./Palo Alto Networks Inc. CV v.18(2023) | 0 | 40.750.000 |
| Terminkontrakte |  |  |
| EUR |  |  |
| EUX 10YR Euro-Bund Future Juni 2021 | 12.650 | 12.650 |
| EUX 10YR Euro-Bund Future September 2021 | 12.650 | 12.650 |


### Devisenkurse
Für die Bewertung von Vermögenswerten in fremder Währung wurde zum nachstehenden Devisenkurs zum 29. September 2021 in Euro umgerechnet.
| Britisches Pfund | GBP | 1 | 0,8650 |
| --- | --- | --- | --- |
| Dänische Krone | DKK | 1 | 7,4357 |
| Hongkong Dollar | HKD | 1 | 9,0405 |
| Indische Rupie | INR | 1 | 86,1091 |
| Japanischer Yen | JPY | 1 | 129,9490 |
| Kanadischer Dollar | CAD | 1 | 1,4802 |
| Schweizer Franken | CHF | 1 | 1,0838 |
| US-Dollar | USD | 1 | 1,1614 |