- Countries available for sale:
ENTREPRENEURS is an FCP (mutual fund) under French law, approved by the AMF on 2 September 2003.
The fund, eligible for the PEA (Equity savings plan under French law), is invested in a selection of European companies.
We have established a rigorous management process to identify high quality companies with the following characteristics:
- Leaders in markets with high barriers to entry, preferably growing, and profitable.
- Of all sizes of capitalisation.
- A good corporate culture and a good financial situation.
- Driven by competent, honest, engaged capital leaders we have known for years.
- We buy the securities of these companies when we deem them undervalued with a potential for appreciation of more than 50% over a three-year horizon.
It is important to focus on our strongest convictions. We therefore invest in a limited number of securities (30 to 50 securities).
The objective of the fund is to achieve a net return in the medium term above the Stoxx Europe Mid 200 Index, dividends reinvested (and the indices of large European stocks). However, our management significantly deviates from this benchmark.
Our fund's performance
|Entrepreneurs||Mid 200||CAC 40|
|Net asset value as at 22/01/2020||461.44 €||1031.18 €||16355.02 €|
|Inception*||361.4 %||361.4 %||229.3 %|
|2020||-0.4 %||1.5 %||0.7 %|
|2019||21.7 %||26.4 %||30.5 %|
|2018||-25.3 %||-11.1 %||-8.0 %|
|2017||11.8 %||16.2 %||12.7 %|
|2016||-2.5 %||1.5 %||8.9 %|
|2015||9.3 %||17.9 %||11.9 %|
|2014||-0.3 %||9.0 %||2.7 %|
|2013||23.2 %||25.2 %||22.2 %|
|2012||19.1 %||22.6 %||20.4 %|
|2011||-6.6 %||-15.0 %||-13.4 %|
|2010||15.3 %||22.7 %||0.6 %|
|2009||29.7 %||44.9 %||27.6 %|
|2008||-27.9 %||-46.0 %||-40.3 %|
|2007||11.6 %||-5.3 %||4.2 %|
|2006||27.1 %||30.2 %||20.9 %|
|2005||46.3 %||31.1 %||26.6 %|
|2004||27.2 %||21.4 %||11.4 %|
|2003*||9.8 %||8.8 %||11.5 %|
*since October 1, 2003
How to subsribe
Before any subscription, you should carefully read the regulatory documents (KIID, prospectus), which can be downloaded by clicking here:
Documentation EntrepreneursYou can subscribe directly via your financial intermediary by telling them the number of fund units you require and the ISIN code.
Legal form: FCP (mutual fund) under French law
The mutual fund is eligible for the PEA (Equity savings plan under French law)
Classification: International equities. The fund is invested at least 75% in European shares eligible for the PEA (Equity savings plan under French law)
UCITS subject to Directive 2014 91 EU amending Directive 2009 65 EC
Fundamental Approach, Contrarian
Approved on: September 2, 2003
Created on: 1 October 2003
ISIN: A Share class: FR0010007542
Custodian: CREDIT INDUSTRIEL ET COMMERCIAL
Appraiser: SOCIETE GENERALE SECURITIES SERVICES
Management fees: A Share class: 1.8%
Performance fees: 20% of the mutual fund’s overperformance compared to the change in the Stoxx Europe Mid 200 Index.
PREVAL is a société anonyme (public limited company), having its registered office at 11, boulevard Royal, L-2449 Luxembourg, registered in the trade and companies register under number B190081. PREVAL has established a branch in France at 41, avenue Montaigne, 75 008 Paris.
PREVAL operates as a management company subject to the provisions of chapter 15 of the Law of 17 December 2010 (2010 Law) on undertakings for collective investment (UCI), as amended, the Law of 12 July 2013 on alternative investment fund managers (AIFM Law), and Delegated Regulation 231/2013, and is authorised and supervised in the Grand Duchy of Luxembourg by the Luxembourg financial services authority, the Commission de Surveillance du Secteur Financier (CSSF).
PREVAL is also authorised to provide individual and discretionary management, and investment advisory services in accordance with article 101 (3) of the 2010 Law and chapter 2, article 5 of the AIFM Law.
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By accessing and using PREVAL’s website (hereinafter: the “Website”), you (hereinafter: the “User”) expressly accept the terms and conditions of use and take note of the legal information provided below. If not, the User is kindly requested to leave the Website.
The information on this Website:
The Website’s content has been produced using publicly available information, internally generated data and other external data sources. The information available on this Website is provided in good faith. PREVAL endeavours to carefully select the information that it disseminates on this Website, but it shall have no liability for its accuracy, reliability and completeness. Furthermore, PREVAL cannot guarantee that this information has not been altered as a result of technical or security failures relating to its IT system. Any decision taken on the basis of this information is therefore taken entirely at the User’s own risk, and PREVAL shall have no liability for any direct or consequential losses, damage or injury. Furthermore, PREVAL reserves the right to modify the content of this Website at any time, without notice.
The Website contains information presenting various undertakings for collective investment in transferable securities that are registered for distribution at least in their country of origin.
It is possible that the products and services presented on the Website are not authorised for persons subject to a jurisdiction other than Luxembourg because of their nationality, place of residence or for any other reason. It is the User’s responsibility to consult the restrictions on the sale of the products and services in question. Any investment made on the basis of this Website must comply with the laws and regulations applicable to each User.
Past performance is not a guarantee of future results. The value of an investment may rise or fall for various reasons and investors may suffer a capital loss. Moreover, exchange rate fluctuations may lead to a rise or fall in the value of investments.
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