Indépendance et Expansion - France Small
Indépendance et Expansion - France SMALL is an actively managed fund that targets Small and Mid Caps in France.
INDÉPENDANCE ET EXPANSION - FRANCE SMALL follows a ‘quality value’ investment strategy. The fund targets stocks with (i) low price-to-cash-flows, and (ii) high return on capital employed.
Net Asset Values
Performance 2019
SICAV
8.7%
CAC Mid & Small NR
12.1%
Performance 2019
SICAV
8.7%
CAC Mid & Small NR
12.1%
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Performance & characteristics
Performance & ratings
Subscriptions opened
Evolution by period
Base 100 by end of December 1993
Past performance is not a guide to future performance; Initial investment is not guaranteed
* SBF Second marché until 31/12/2004 ; CAC Small NR from 31/12/2016 ; CAC Mid & Small NR since 01/01/2017
Statistics
Cumulated performance
CAC Mid & Small NR *
Annualized performance
CAC Mid & Small NR *
Volatility
CAC Mid & Small NR *
Tracking error
Information ratio
Data as of
Information related to the share class X(C)
Comparative performance
| Data as of 09/30/2019 | YTD | 1 year | 3 years | 5 years | 10 years | Since 12/31/1993 | Annualized |
|---|---|---|---|---|---|---|---|
| Indépendance et Expansion - France Small | 12.3% | -11.0% | 10.8% | 74.3% | 307.8% | 2 505.1% | 13.3% |
| CAC Mid & Small NR | 15.2% | -6.3% | 24.3% | 59.1% | 129.7% | 590.7% | 7.7% |
Product characteristics
Refer to the termsheet for the detailed fund characteristics
| Characteristics | |
|---|---|
| Legal structure | UCITS |
| Valuation | Weekly |
| Currency | EUR |
| Recommended investment horizon | > 3 years |
| Subscriptions | Weekly |
| Redemptions | Weekly |
| Depositary bank | Luxembourg CACEIS Bank |
| Fund administrator | Luxembourg CACEIS Bank |
| Risk level | 5 over 7 |
| Benchmark | CAC Mid & Small NR |
| Eligible | PEA |
| Fees | Shares class X (C) and A (C) | Share Class I (C) | |
|---|---|---|---|
| Subscription fees | 0% | 5% Max. | |
| Minimum subscription | 1 share | EUR 500,000 | |
| Redemption fees | 0% | 0% | |
| Management fees | 1.95% | 1.40% | |
| Outperformance fee* | 10% | 10% |
| ISIN codes | |
|---|---|
| Share class X (C) – Institutional investors | LU0104337620 |
| Share class A (C) – Individual investors | LU0131510165 |
| Share class I (C) – Clean Share | LU1964632324 |
*10% of outperformance vs. benchmark
Documentation
| Regulatory information |
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| Monthly report |
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