as at:

Investor's risk profile

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Morningstar overall rating™1

Scope rating1

Distribution Type

Sustainable fund

What does sustainability mean for the ERGO Vermögensmanagement Flexibel?

The ERGO Vermögensmanagement Flexibel is classified as a product with environmental or social features (Article 8 product) in accordance with the EU Disclosure Regulation. In order to achieve the sustainable characteristics, we pay particular attention to the following ESG topics with regard to companies and countries as issuers of shares and bonds:


  • Environmental protection
  • Efficient handling of resources
  • Reduction of greenhouse gas emissions
  • No nuclear power*
  • No genetic engineering*


  • Equal rights
  • Respect for human and labour rights
  • Zero tolerance for banned and nuclear weapons
  • Exclusion of alcohol*, gambling*, tobacco and pornography*


  • Fighting corruption
  • Transparency and active dialogue with the companies

More information on the fund's sustainability strategy and a list of all exclusion criteria (by company and country) can be found Link. The sustainability-related disclosure pursuant to Art. 10 of the Disclosure Regulation is <here> (section Miscellaneous, "Sustainability-related disclosure pursuant to Art. 10 of Regulation (EU) 2019/2088").


* Turnover tolerance 5% each


Investment strategy

The Fund's objective is to achieve long-term value growth with significant earnings opportunities, taking into account sustainable aspects. It invests worldwide in a variety of asset classes, such as equities and bonds, and - via indirect investments - real estate, precious metals and commodities. The various asset classes are geared towards exploiting opportunities, with an equity ratio of usually up to 85 percent.

Sustainability strategy



Performance of past 12 month periods (month end)


Past performance is not indicative of future returns.

Due to its composition or the techniques used by the fund management, the investment fund exhibits increased volatility, i.e. the unit prices may be subject to large downward or upward fluctuations even within short periods of time.

Performance of past 12 month periods (month end)


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What if?

Performance in the period of an investment of EUR in .

Investment period

Gross value development excluding a front-end load in the selected period. Past performance information is not a reliable indicator of future performance.

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Average performance (gross) p.a.: 

Performance in the last 12-month periods

Period Gross Net
Past performance is not a reliable indicator of future returns.

Performance (gross)

Period Cumulated p.a.
Stand vom:

Information on performance

On 10.03.2021, changes were made to the Fund's investment policy. The performance shown for the period prior to these changes was therefore achieved under circumstances that are no longer valid.

The gross performance (BVI method) takes into account all costs incurred at fund level (such as management fees). The net performance also takes into account the issuance fee, which reduces the performance. For an investment amount of 1,000 euros, the investor incurs a one-time issuance fee of 5.0% (= 47.62 euros) upon purchase. Since the issuance fee is only charged in the first year, the gross/net performances only differ in this year. The investor may incur additional securities account fees that reduce the performance. Past performance is not a reliable indicator of future performance. Source: MEAG.

Note: On days that fall on a public holiday or a weekend, the price of the previous day or the last available price is used, as it is not possible to determine a price on these days.

Fund key figures

Average yield: %avIntRate%%
Average return: %avRoR%%
Average remaining term (in years): %avResidTerm%
Volatility³ p.a. (3 years): %3yVOL%%

as at: %Datefrom%

Master data

Fund name ERGO Vermögensmanagement Flexibel
Fund type Global mixed fund
Investor type  Dynamic
Unit class  -
Date of issue / formation of the unit class 15.03.2017
Investment term  at least 6 years
SFDR category  Art. 8

Further fund data

Fund currency Euro
End of business year 31.03.
Fund manager Dr. Jochen Heubischl
Benchmark index 22% STOXX Europe 600 – NR; 18% S&P 500 hedged in EUR – NR; 10% MSCI Emerging Markets – NR; 25% Bloomberg Barclays Euro Aggregate - TR; 15% Bloomberg Barclays US Aggregate - TR; 10% JPM EMBIG Diversified hedged EUR– TR
Use of profits  Distributed
Profit distribution date June
Partial tax exemption  15%
Custodian  BNP PARIBAS Securities Services S.C.A.Zweigniederlassung Frankfurt
Savings plan suitable yes
Suitable for employee capital formation no
Swing pricing no
Guarantee no
Term unlimited
Sales authorisation Germany, Austria

Costs and fees

Current issuance fee 5.0%
Ongoing costs 1.57% (business year 2020/2021)
Current management fee p.a.  1.35%
Performance bonus  no

Target market data

Product category Retail fund (UCITS)
Sales channel Execution only | No consultancy required | Investment advisory services
Customer category Private customer | Pofessional customer | Suitable counterparty
Know-how and/or experience Suitable for investors with basic knowledge of and/or experience with securities
Capacity to bear financial losses Investor can bear losses (no capital protection)
Risk assessment (SRI) 3
Investment target General capital accumulation/optimisation
Investment horizon Long term (longer than 6 years)
Special requirements Sustainability

ESG Target market data

Classification according to the Disclosure Regulation Product according to Art. 8
Sustainability focus No ESG focus
Minimum share of sustainable investments pursuant to the Disclosure Regulation (Art. 2 No. 7 lit. b MiFID II delegated regulation) 12%
Minimum share of ecologically sustainable investments according to the Taxonomy Ordinance (Art. 2 No. 7 lit. a) MiFID II delegated regulation) 0%
Consideration of the most important negative effects (Art. 2 No. 7 lit. c) MiFID II delegated regulation) Company: Greenhouse gas emissions (Scope 1,2,3, total) | CO2 footprint | GHG intensity of invested companies | Exposure to fossil fuel companies | Proportion of consumption and production of non-renewable energy | Intensity of energy consumption and production of non-renewable energy | Activities that negatively impact biodiversity-sensitive areas | Water pollution | Percentage of hazardous waste | Violation of principles of the UN Global Compact Principles and OECD Guidelines for Multinational Enterprises | Lack of procedures and mechanisms to monitor compliance with the principles of the UN Global Compact and the OECD Guidelines for Multinational Enterprises | Unadjusted gender pay gap | Gender diversity on boards | Commitment regarding controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons) States: Greenhouse gas intensity | Investment countries where social violations occur

Sustainability strategy of ERGO Vermögensmanagement Flexibel 


The fund invests preferentially in securities (equities and bonds) of issuers that achieve their economic success with due regard for the environment and society and comply with the principles of good corporate governance. 

The environmental and/or social characteristics promoted by the fund include the following: 

  • Selection of securities according to sustainable aspects
  • Consideration of significant negative impacts on sustainability factors when making investment decisions  
  • Minimum proportion of sustainable investments in accordance with the Disclosure Regulation.

These product features are the binding elements of the fund's sustainability strategy.

For further information on the fund's sustainability strategy, please see below (section Miscellaneous, "Sustainability-related disclosure pursuant to Art. 10 of Regulation (EU) 2019/2088").

Exclusion criteria

Most importan negative effects (PAI)

Sustainability Disclosure

Past awards are not a reliable indicator of future performance and awards. Capital: The award refers to the fund company MEAG. Morningstar Overall Rating (TM) and Scope as at 31.10.2023. Data source - © Morningstar. Scope Analysis GmbH. All rights reserved. More at

2 Benchmark index:
Find out more about the composition of the benchmark index in the "Data" tab.

Data source – © Morningstar. All rights reserved. As at: 31.10.2023