Produktinformationsblatt Englisch - FPM-AG

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