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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.

Read more on theoretical foundations

Net Asset Values

X (C) Class
Dernière VL au 12/04/2019 483.96€

Last monthly report

Performance 2019
SICAV 15.1%
CAC Mid & Small NR 17.7%
A (C) Class
Dernière VL au 12/04/2019 481.28€

Last monthly report

Performance 2019
SICAV 15.0%
CAC Mid & Small NR 17.7%

Performance & characteristics

Performance & ratings

Subscriptions opened

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 11/29/2019 YTD 1 year 3 years 5 years 10 years Since 12/31/1993 Annualized
Indépendance et Expansion - France Small 16.1% 4.3% 12.5% 79.4% 339.9% 2 594.3% 13.4%
CAC Mid & Small NR 18.8% 8.4% 27.4% 68.3% 145.0% 612.2% 7.8%

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