Question 1

Who is behind van Grunsteyn?

Accepted Answer

"van Grunsteyn" is a brand of Walter Ludwig GmbH Wertpapierhandelsbank, based in Frankfurt am Main. The company has around 45 years of experience in stock exchange trading and has evolved from a traditional stock broker to an internationally operating market maker.

Question 2

What is the Hard Value Fund?

Accepted Answer

The Hard Value Fund is an equity fund focused on financial sustainability. It invests in established companies with proven business models, solid fundamentals, and stable dividends. The fund pursues a value-neutral investment strategy that includes both ESG-compliant and traditionally excluded sectors such as tobacco, defense, or fossil energy.Note: The investment policy and investment objectives can be found in the sales documents.

Question 3

What investment strategy does the Hard Value Fund pursue?

Accepted Answer

The fund combines complex quantitative and qualitative analyses to identify companies with financial substance and successful business models. Factors evaluated include the business model, management quality, cash flow, debt ratio, and dividend history. The focus is on value stocks that generate long-term stable returns. In total, our portfolio concentrates on 30-40 companies from our global investment universe of over 3,300 companies.Risk controlling evaluates each company daily against our defined fair value, using real-time data and results. The fund targets an attractive risk-adjusted return of 6 to 8% per year, with moderate volatility.Please read the sales prospectus and KID of the fund before making a final decision.

Question 4

How does the Hard Value Fund differ from traditional ESG funds?

Accepted Answer

The Hard Value Fund combines financial sustainability with a value-neutral investment approach. Unlike traditional ESG funds, it does not categorically exclude any industries but evaluates companies based on their economic substance.

Question 5

How can you invest in the Hard Value Fund?

Accepted Answer

Investments are possible through various platforms and banks. On the van Grunsteyn website, under the menu item "Invest," you will find further information and links to partners.

Question 6

What share classes does the Hard Value Fund offer and what are the costs?

Accepted Answer

The fund offers the following share classes:• R-Tranche  – ISIN: DE000A3D1ZP1   No minimum investment, TER 1.69% p.a.• I-Tranche  – ISIN: DE000A3D1ZQ9   Minimum investment 50,000 EUR, TER 1.29% p.a.• S-Tranche  – ISIN: DE000A3D2YL1   Minimum investment 500,000 EUR, TER 0.89% p.a.For all classes, a front-end load of up to 5% may apply. All tranches distribute returns annually. Please read the sales prospectus and KID of the fund before making a final decision.

Question 7

Is there a minimum investment amount?

Accepted Answer

No, there is no minimum investment amount for share class R of the Hard Value Fund (WKN: A3D1ZP). This class distributes returns annually and is suitable for various investor groups who do not wish to exclusively align their portfolio with environmental or social objectives.Note: The Hard Value Fund also offers other share classes that include a front-end load. For more information on the share classes, please refer to the previous question.

Question 8

How long should you invest your money?

Accepted Answer

There is no fixed minimum investment period. Investors can redeem their fund shares on any trading day. However, since the fund is designed for long-term growth, an investment horizon of at least five years is recommended.Please read the sales prospectus and KID of the fund before making a final decision.

Question 9

Is your money protected by statutory deposit insurance?

Accepted Answer

No, fund shares are not covered by statutory deposit insurance for bank deposits. However, your money is still protected: fund shares are classified as special assets (Sondervermögen). This means they are protected even if the fund company or the custodian bank becomes insolvent.Note: In general, every investment in the fund carries the risk of price fluctuations up to the loss of capital.

Question 10

How can you subscribe to the monthly manager commentary?

Accepted Answer

You can subscribe to the manager commentary via the contact form on the website. There you have the option to enter your email address and order the newsletter. You can unsubscribe at any time.

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