Produktinformationsblatt Englisch - FPM-AG

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Fund portrait as of: August 31, 2011 Performance in recent 12-month-periods 5 31.08.2010 - 31.08.2011 9,98% 31.08.2009 - 31.08.2010 18,33% 31.08.2008 - 31.08.2009 -8,86% 31.08.2007 - 31.08.2008 -26,78% 31.08.2006 - 31.08.2007 18,43% Risk Assessment max. profit 6 max. loss 6 volatility 7 sharpe ratio 8 1 year 75,97% -52,11% 17,76% 0,50 3 years 43,50% -52,74% 24,55% 0,18 Fund Manager Analysis After the loss of investor confidence in government bonds and heightened by the looming economic slump, August turned out to be one of the worst months in decades for the German stock market. Due to the popularity enjoyed by German stocks in the last few quarters, in some cases the losses were greater than in the crisis countries, presumably intensified by the ban on short selling in some European markets, which was then redirected to German stocks. The valuation of the stocks anticipates a recession with a weak recovery, although not a depression or collapse of the system, which is still also true for government bonds. While we are more optimistic, we do expect to see a longer phase of high volatility and are consequently maintaining relatively high liquidity in the FPM Funds. The degree of investment of the TOP 25 S was between 0% and 35% in August. Portfolio Structure Communications Consumer, Cyclicals Consumer, Noncyclicals Investment level* Top 10 Holdings 87,98 previous month* 81,42 Security current previous weighting * month * Sartorius Pref. 7,65 6,13 STO Pref. 7,04 7,23 Takkt 5,27 5,04 Sixt Pref. 4,69 3,50 Grenkeleasing 3,98 3,56 Nexus 3,79 2,60 Software 3,71 3,71 Analytik Jena 3,70 2,56 Freenet 3,57 2,38 Digital Identification Solutions 3,49 3,28 * in % of the fund's assets Current current month Energies 0,00% Financials Industrials Technologies 6,97% 11,22% 15,01% 14,60% 12,47% 39,73% Communications Consumer, Cyclicals Consumer, Noncyclicals Energies Financials Industrials Technologies Previous previous month Please note the footnotes on page 4. Page 2 of 4 FPM Funds Stockpicker Germany Small/Mid Cap 0,52% 5,38% 15,79% 12,79% 10,54% 12,07% 42,92%
Fund portrait as of: August 31, 2011 Investment Philosophy "Advancement through knowledge" - this is what lies at the heart of our investment philosophy. We acquire this knowledge through intensive, personal management meetings with the companies in which we invest. This approach makes us unique in the market and forms the basis of our success. The investment philosophy of FPM AG is based on three cornerstones: We primarily invest in stocks of German companies with high potential that we have identified as undervalued. Companies are selected on the basis of our own methodical and fundamental analysis (primary research). Our assessment of companies is based on regular, face-to-face discussions between management and our fund managers. The systematic implementation of our investment philosophy offers our investors a large number of advantages. Regular management meetings allow us to acquire high quality information and gain valuable insights into the market and competitors. Our analysis are not concerned with short-term trends; instead they focus on identifying high-quality companies before they come to the market's attention. The performance of companies that have good fundamental prospects but are undervalued on the market can increase considerably. FPM FUNDS Stockpicker Germany Small/Mid Cap IS WELL SUITED - for medium- to long-term investment - for targeted and regular asset growth - for investment in capital-building payment schemes Chances - Price increases on the stock market related to the market, industry and company - Opportunity for above-average participation in performance through a valuation- and quality-oriented investment process and active stock picking Risks The prices of the assets contained in the fund determine fund price. They are subject to daily fluctuations and may also fall. Market risk:IThe performance of financial products depends on the performance of the capital markets, which in turn are affected by real framework conditions as well as irrational factoes (sentiment, opinions and rumors). Default risk:IThe counterparties' partial or non-ability to fulfill their contractual payment obligations may result in losses for the investment fund. The risk of a decline in the assets of issuers cannot be eliminated even by the most careful selection of the securities. Currency risk:IThe value of assets invested in currencies other than the respective sub-fund currency is subject to fluctuation. Concentration risk:IBy a concentration of investments in particular markets or assets, the investment fund becomes particularly dependent on these few markets and assets. Increased volatility: Due to its permitted investment universe and its compositions as well as the use of derivative instruments, the investment fund is subject to markedly increased volatility. Risks in connection with derivative transactions, in particular options:IPrice changes in the underlying instrument can devalue an option. Options have a leverage effect that influences the investment fund markedly more than the underlying instrument. Selling options bears the risk that the investment fund experiences a loss of an indefinite amount. The unit price may at any time be lower than the purchase price at which the customer acquired the unit. I The full sales prospectus contains a detailed description of the risks involved. Please note the footnotes on page 4. Page 3 of 4 FPM Funds Stockpicker Germany Small/Mid Cap
Page 1: Fund portrait as of: August 31, 201

Produktinformationsblatt Englisch - FPM-AG

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