RICHELIEU PRAGMA EUROPE (R)
A pragmatic, multi-cap management of the European Union's companies
Richelieu Pragma Europe is an equity fund, eligible for the PEA, invested in European Union companies of all market capitalizations. Its positioning is defined according to the management team’s understanding of stock market cycles and is not intended to embody any structural bias in management styles. The selection of securities is then based on an analysis of the opportunities and risks for each company included in the investment universe, which excludes the lowest-rated issuers according to internally defined non-financial criteria*. The Richelieu Pragma Europe fund combines the expertise and convictions of the Richelieu Group’s strategist, Alexandre Hezez, and the stock selection of the equity manager, David Autin.
*Since July 31, 2020, 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 21-09-2023
Past performance is not a reliable indicator of future performance
| At 21-09-2023 | RICHELIEU PRAGMA EUROPE (R) | REFERENCE INDICATOR |
|---|---|---|
| NAV | 223.35 € | |
| Overall net assets | 67524210 € | |
| YTD | +4,62% | +11,98% |
| 1 year performance | +8,94% | +19,83% |
| 3 years performance | +1,63% | +37,05% |
| 5 years performance | +2,43% | +39,97% |
| 10 years performance | +25,70% | +80,57% |
| Volatility 1 year | — | — |
| Volatility 3 years | — | — |
| Volatility 5 years | — | — |
| Performance since origin * (see graph) | |
|---|---|
| RICHELIEU PRAGMA EUROPE (R) | +123,35% |
| Benchmark ** | +21,14% |
| Annualized performance * | ||
|---|---|---|
| RICHELIEU PRAGMA EUROPE (R) | REFERENCE INDICATOR | |
| 1 year performance | +8,94% | +19,83% |
| 3 years performance | +0,54% | +11,08% |
| 5 years performance | +0,48% | +6,95% |
| Performance since origin | +3,50% | +0,82% |
Pursuant to the provisions of EU Regulation No. 833/2014, subscription to units in this fund is prohibited for any Russian or Belarusian national, any natural person residing in Russia or Belarus or any legal person, entity or body established in Russia or Belarus except to nationals of a Member State and natural persons holding a temporary or permanent residence permit in a Member State.
* date of first NAV available
** The reference indicator was, until January 31, 2010, the CAC 40. Since that date, it has been replaced by the Stoxx Europe 50 index. The reference indicator was calculated with dividends not reinvested until December 31, 2012. Since January 1, 2013, it is calculated net dividends reinvested. The reference indicator of the FCP was the EURO STOXX NR ® (net dividends reinvested) since June 7, 2019, it was replaced by the Bloomberg Eurozone Developed Markets Large & Mid Cap NR Index on 01/01/2022.
Managers
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Characteristics
Risk and return profile
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.
