Richelieu Gestion
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RICHELIEU HARMONIES ESG (F)

Discipline and responsiveness

Richelieu Harmonies ESG is an asset allocation fund that combines the analysis of macroeconomic issues, thematic management and transparent and disciplined risk management. Its international allocation is made up of 0 to 35% of its net assets in equities (direct securities, funds, ETFs or futures), the balance being invested in government or corporate bonds depending on opportunities and market trends.

Richelieu Harmonies is the signature fund of Richelieu Gestion’s convictions.
Since June 30, 2021, the fund has incorporated extra-financial criteria into its investment process. Thus, the fund invests in the 80% best-rated issuers in its universe according to Environmental, Social and Governance (ESG) criteria defined internally.

Performance at 02-02-2023

Past performance is not a reliable indicator of future performance

At 02-02-2023RICHELIEU HARMONIES ESG (F) REFERENCE INDICATOR
NAV167.10 €
Overall net assets59 324 618 €
YTD+4,57%+1,77%
1 year performance-5,89%-7,28%
3 years performance+1,36%-1,11%
5 years performance+0,84%+1,23%
Volatility 1 year
Volatility 3 years
Volatility 5 years
Performance since origin * (see graph)
RICHELIEU HARMONIES ESG (F)+0,54%
Benchmark **+1,69%
Annualized performance since inception *
RICHELIEU HARMONIES ESG (F)+0,11%
Benchmark **+0,33%

* date of first NAV available

** The indicator was until 03/03/2017 a composite of 30% FTSE Eurofirst and 70% Eonia, then the FTSE Eurofirst was replaced by the STOXX Europe 600. It was modified by a 25% composite. Stoxx Global 1800 and 75% Bloomberg Barclays Series-E Euro Government 3-5 Yr Bond until 31/12/2021. The current benchmark is the 25% Bloomberg Developed Markets Large & Mid Cap NR Index and 75% Bloomberg Barclays Series-E Euro Government 3-5 Yr Bond Index. The indicator is calculated net dividends reinvested since 01/01/2013.

The figures quoted relate to past years. Past performance is not a reliable indicator of future performance. Sources: internal and Europerformance.).

Managers

Eric Lafrenière, Alexandre Hezez, Etienne Dubourg and David Autin

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Characteristics

AMF Classification : Diversified allocation fund
ISIN Code : FR0013285988
PEA : Non
SFDR : Article 8
Date of origin* : July 25, 2002
Benchmark :
Composite Index (25% Bloomberg Developed Markets Large & Mid Cap NR Index and 75% Bloomberg Barclays Series-E Euro Government 3-5 Yr Bond Index (net dividends/coupons reinvested))
Recommended investment period :
> 3 years

Risk and return profile

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2
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7

Low risk
Yield potentially
weaker

At high risk,
Yield potentially
higher

The historical data used to calculate this indicator may not constitute a reliable indication of the future risk profile of the UCITS. The risk category associated with this UCITS is not guaranteed and may change over time. The lowest category does not mean a « risk free » investment. The capital initially invested is not guaranteed.

The indicator above reflects the volatility of the UCITS over 5 years given its main exposure to bonds and debt securities in euros. It is calculated on the basis of the FCP’s return history and, in the absence of sufficient history, on the basis of the returns of its benchmark indicator.

The significant risks for the UCITS that are not sufficiently taken into account by the indicator are:

Credit risk : It represents, for negotiable bonds or debt securities and money market instruments, the risk of a sudden deterioration in the creditworthiness of an issuer or that of its default.

Liquidity risk : risk related to the share of investments made in financial instruments that may present by nature and/or under certain circumstances a relatively low level of liquidity.

Risk related to financial futures : risk linked to variations in the prices of forward financial instruments and to a downward or upward amplification effect of market movements.

Counterparty risk : risk of non-payment of a flow (or commitment) due by a counterparty with which positions have been exchanged and commitments signed.