Entrepreneurs

Countries available for sale:
  • France France
  • Switzerland Switzerland
  • Belgium Belgium
  • Spain Spain

Description

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 16/10/2019 421.62 € 948.52 € 15453.33 €
Inception* 321.6 % 324.4 % 211.2 %
2019 10.8 % 18 % 24.1 %
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.

Contact us

Fund information

ENTREPRENEURS

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.

Disclaimer

PREVAL is a société anonyme having its registered office at 11 boulevard Royal, L-2449 Luxembourg, entered in the Trade and Companies Register under number B190081 PREVAL, acting as a management company subject to the provisions of Chapter 15 of the collective investment schemes act of 17 December 2010, as amended, and authorised and overseen in Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF).

Access to this website is subject to the following conditions:

By viewing and using the PREVAL website (hereinafter the Website), you (hereinafter the User) expressly accept the user terms and note the legal information provided hereunder. Please leave the Website now if this is not the case.

Information on this Website:

The content has been drawn from publically available information, internally produced data and other external sources. PREVAL tries to select the information that it puts on this Website carefully. However, it cannot provide any kind of guarantee that it is accurate, reliable or exhaustive. Any decision taken on the basis of this information is therefore reached at the User’s sole risk. PREVAL declines all responsibility for any direct or indirect loss or damage incurred. PREVAL also reserves the right to edit the content of this Website at any time without notice.

The Website contains information presenting various undertakings for collective investment in transferable securities registered at the very least in their home country and Luxembourg.

It may be that the products and services shown on the Website are not authorised for sale to persons subject to a jurisdiction outside Luxembourg due to their nationality, place of residence or any other reason. Users are responsible for checking 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 does not guarantee future performance. An investment may appreciate or depreciate for various reasons, and investors may lose money. Exchange rate fluctuations may also cause the value of investments to rise or fall.

The information published on this Website does not constitute an investment recommendation or financial advice, as each visitor has individual objectives and needs when viewing the Website. Before any subscription to a UCITS, you should carefully read the regulatory documents (KIID, prospectus), which can be downloaded from the Website.

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