ID FRANCE SMIDCAPS / CROSS-BORDER MERGER OPERATION

In order to continue the international development of our managed funds and to standardize our offer, ID FRANCE SMIDCAPS fund initially domiciled in France has been migrated on September 10, 2019 to our Luxembourg SICAV TWENTY FIRST FUNDS.

The fund aims to outperform the CAC MID & SMALL (CACMS) index with net dividends reinvested over the recommended investment horizon.

The fund, which invests primarily in the equity markets, is intended to deliver performance higher than that of the CAC Mid & Small index by means of a “stock picking” approach. The Fund does not aim to replicate its benchmark but rather to outperform it while maintaining volatility below this index. To achieve this, the management team will endeavour to invest in small- and mid-cap French companies on significant discounts, with satisfactory profitability, and quality management.

To this end, the management team will rely on quantitative decision support tools and regular contacts with the top management of the companies in which the Fund is or might be invested.

 Settlement / deliveryD+3 (D Notification date)
 Notification deadline
 12:00AM
 DomicileLuxembourg
 Valuation Daily
 AMF classificationFrench Equities
 Structure
 UCITS
 PEA Eligible Yes
 Inception date 30.12.2009
 Recommended investment horizon
> 5 years
 BenchmarkCAC MID & SMALL

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ISIN codeLU1885494549
BloombergTFIDFSC LX
Allocation of incomeCapitalisation
Subscription feesacquired –
Not acquired 3% (incl.taxes) max
Redemption fees
acquired –
Not acquired –
Management fees1.30% max (incl.taxes)
Maximum fees for administration, domiciliation and custody services
0.25% including 0.05% for CSSF subscription tax
Performance fees15% (incl. taxes) of the outperformance in excess of the benchmark
Ongoing  charges3.16%

Risk level

1234567

403.14€
NAV at 03-12-2021

+10,60%
Perf. YTD

-5,72%
Perf. 3 month

+16,34%
Perf. 1 year

+19,92%
Perf. 3 years

+303,14%
Perf. since creation

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Maxime Ecotière

Holder of a Master’s degree in market finance.

Maxime began his career in structured products at LBPSAM and then moved to AXA IM. After working as a volatility derivatives strategist at Société Générale, he joined Global Investment Managers covering Emerging Markets debt funds.

He joined Twenty First Capital at the end of 2014 as an analyst-portfolio manager and was appointed Risk Manager in November 2015. In March 2017, he was appointed leading portfolio manager for Shânti Indiasean Fund and then for Diapason funds. Maxime is manager of Tactical Long/Short.

Management strategy

ID FRANCE SMIDCAPS / CROSS-BORDER MERGER OPERATION

In order to continue the international development of our managed funds and to standardize our offer, ID FRANCE SMIDCAPS fund initially domiciled in France has been migrated on September 10, 2019 to our Luxembourg SICAV TWENTY FIRST FUNDS.

The fund aims to outperform the CAC MID & SMALL (CACMS) index with net dividends reinvested over the recommended investment horizon.

The fund, which invests primarily in the equity markets, is intended to deliver performance higher than that of the CAC Mid & Small index by means of a “stock picking” approach. The Fund does not aim to replicate its benchmark but rather to outperform it while maintaining volatility below this index. To achieve this, the management team will endeavour to invest in small- and mid-cap French companies on significant discounts, with satisfactory profitability, and quality management.

To this end, the management team will rely on quantitative decision support tools and regular contacts with the top management of the companies in which the Fund is or might be invested.

Technical sheet
 Settlement / deliveryD+3 (D Notification date)
 Notification deadline
 12:00AM
 DomicileLuxembourg
 Valuation Daily
 AMF classificationFrench Equities
 Structure
 UCITS
 PEA Eligible Yes
 Inception date 30.12.2009
 Recommended investment horizon
> 5 years
 BenchmarkCAC MID & SMALL

<td

ISIN codeLU1885494549
BloombergTFIDFSC LX
Allocation of incomeCapitalisation
Subscription feesacquired –
Not acquired 3% (incl.taxes) max
Redemption fees
acquired –
Not acquired –
Management fees1.30% max (incl.taxes)
Maximum fees for administration, domiciliation and custody services
0.25% including 0.05% for CSSF subscription tax
Performance fees15% (incl. taxes) of the outperformance in excess of the benchmark
Ongoing  charges3.16%

Risk level

1234567
Performances

403.14€
NAV at 03-12-2021

+10,60%
Perf. YTD

-5,72%
Perf. 3 month

+16,34%
Perf. 1 year

+19,92%
Perf. 3 years

+303,14%
Perf. since creation

Loading
Fund manager

Maxime Ecotière

Holder of a Master’s degree in market finance.

Maxime began his career in structured products at LBPSAM and then moved to AXA IM. After working as a volatility derivatives strategist at Société Générale, he joined Global Investment Managers covering Emerging Markets debt funds.

He joined Twenty First Capital at the end of 2014 as an analyst-portfolio manager and was appointed Risk Manager in November 2015. In March 2017, he was appointed leading portfolio manager for Shânti Indiasean Fund and then for Diapason funds. Maxime is manager of Tactical Long/Short.

Past performance does not guarantee future performance. They are not constant in time.