StarCapital Multi Income

Counter cyclical investment in fixed-income securities and use of equity positions as a further source of income

 The addition of smaller equity positions opens up additional earnings potential 

Broad diversification in securities also reduces the risks of the portfolio

Please select a share class.

Please find a more detailed description of share classes here.

Investment Focus

ISIN-No. LU0256567925

The StarCapital Multi Income fund is a holistic asset management instrument with an emphasis on capital preservation, backed by the decades of experience of the StarCapital fund management team headed by Manfed Schlumberger. The fund invests in fixed-income securities, primarily in euros, with an anti-cyclical approach. Equity positions are held as an additional source of return.

Indexed performance (as at: 22.10.2021)

NAV: EUR 165.88 (21.10.2021)


Fonds (Brutto)
01 Jan 2010 - 01 Jan 2010
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Rolling performance (21.10.2021)

A-EURBenchmark
21.10.2020 - 21.10.20212.45%6.01%
21.10.2019 - 21.10.2020-1.70%-0.97%
21.10.2018 - 21.10.20194.00%3.41%
21.10.2017 - 21.10.2018-3.15%-2.85%

Annualized performance (21.10.2021)

A-EURBenchmark
1 year2.45%6.01%
3 years1.55%2.77%
5 years1.03%1.68%
Since Inception p.a.5.00%2.26%

Cumulative performance (21.10.2021)

A-EURBenchmark
1M-0.59%0.10%
YTD0.78%3.20%
1 year2.45%6.01%
3 years4.73%8.56%
5 years5.25%8.68%
Since Inception111.67%40.88%

Annual performance

A-EURBenchmark
2020-1.18%0.63%
20197.58%6.81%
2018-5.00%-4.88%
20172.06%2.56%

Investment Focus

The StarCapital Multi Income fund is a holistic asset management instrument with an emphasis on capital preservation, backed by the decades of experience of the StarCapital fund management team headed by Manfed Schlumberger. This defensive fund makes anti-cyclical investments in primarily euro-denominated fixed-income securities. A percentage (no more than 40%) of total fund assets can be invested in stocks as an additional performance driver, as long as these investments help to optimize the overall risk/reward profile. The market segments with the most attractive outlooks are screened through the fund's active country and sector allocation process. Capital preservation is the primary objective of this defensive investment strategy.Show moreShow less

Investment suitability & Risk

Low risk

High risk

The StarCapital Multi Income is suitable as a core investment vehicle for investors with a long-term horizon who are seeking a holistic, defensive asset management solution that also preserves the value of their portfolio assets.

General Information

Investment ManagerStarCapital AG
CustodianDZ PRIVATBANK S.A.
Fund AdministratorIP Concept (Luxemburg) S.A.
AuditorPriceWaterhouseCoopers
Launch date12.06.2006
Year end closing31. Dec
NAV CalculationDaily "Forward Pricing"
Cut of time15:00 CET
Management Fee0.90%
Subscription Fee (max.)3.00%
ISIN numberLU0256567925
Valor number2584613
BloombergSTARWIN LX
WKNA0J23B
Total expense ratio (TER)1.23% (31.12.2018)

Legal Information

Legal formFCP
Redemption periodDaily

Past performance is not a reliable indicator of future results and can be misleading. As the subfund is denominated in a currency that may differ than an investor’s base currency, changes in the rate of exchange may have an adverse effect on prices and incomes. Performance is shown net of fees and expenses for the relevant share class over the reference period. All performance figures reflect the reinvestment of dividends and do not take into account the commissions and costs incurred on the issue and redemption of shares, if any. Individual costs are not taken into account and would have a negative impact on the performance. With an investment amount of EUR 1,000 over an investment period of five years, the investment result in the first year would be reduced by the front-end load of up to EUR 50 (5%) as well as by additional individual custody charges. In subsequent years, the investment result would also be reduced by the individual custody account costs incurred. The reference benchmark of this class is used for performance comparison purposes only (dividend reinvested). No benchmark is directly identical to a subfund, thus the performance of a benchmark is not a reliable indicator of future performance of the subfund it is compared to. There can be no assurance that a return will be achieved or that a substantial loss of capital will not be incurred.Show moreShow less

  • Lead Portfolio Manager

    Manfred Schlumberger

    Dr. Manfred Schlumberger joined StarCapital's Management Board in 2018 and has also been acting as Head of Portfolio Management since 2019. In addition to his position as Chief Investment Officer at Berenberg Joh. Beremberg, Gossler & Co. KG, his career also shows activities as Spokesman of the Executive Board (BHF TRUST) and General Representative at Frankfurter Volksbank eG. He also holds a doctorate in economics (Dr.rer.pol.).