#  Risk Indicator
Performance	

## Sources: ELEVA Capital
|  Fund characteristics	 |
| --- |
| Manager: Eric Bendahan |
| Legal structure: Luxembourg SICAV - UCITS |
| Fund launch date: 26/01/2015 |
| Share class launch date: 26/01/2015 |
| ISIN Code: LU1111643042 |
| Bloomberg Ticker: ELVESIE LX |
| Classification: European Equity |
| Benchmark: STOXX Europe 600 Net Return - SXXR |
| Reference currency: EUR |
| Distribution policy: Accumulation |
| Valuation frequency: Daily |

|  Administrative information	 |
| --- |
| Custodian: HSBC Continental Europe, Luxembourg |
| Fund admin: HSBC Continental Europe, Luxembourg |
| Management company: ELEVA Capital SAS |
| Subscription / redemption cutoff: 12:00 CET |
| Subscription / redemption settlement: T+2 |

| 200 |  |  | 91.90% 55.54% urope 600 EUR (NR) Cumulative performance |
| --- | --- | --- | --- |
| 190 |  |  |
| 180 |  |  |
| 170 |  |  |
| 160 |  |  |
| 150 |  |  |
| 140 |  |  |
| 130 |  |  |
| 120 |  |  |
| 110 |  |  |
| 100 |  |  |
| 90 |  |  |
| 80 |  |  |
| ELEVA European S | election (I EUR ac | c.)	STOXX E |
| Calendar year performance |  |  |
|  |  | Fund | Index |  | Fund | Index |
| 2015 |  | 11.33% | 0.76% | 1 month | 2.27% | 2.41% |
| 2016 |  | -0.52% | 1.73% | 3 months | 2.80% | 2.27% |
| 2017 |  | 16.48% | 10.58% | 6 months | 12.69% | 10.85% |
| 2018 |  | -11.88% | -10.77% | 9 months | 24.84% | 21.76% |
| 2019 |  | 26.81% | 26.82% | 1 year | 19.29% | 16.49% |
| 2020 |  | 3.17% | -1.99% | 3 years | 47.00% | 37.99% |
| 2021 |  | 28.33% | 24.91% | 5 years | 47.37% | 37.71% |
| 2022 |  | -10.77% | -10.64% | Since inception | 91.90% | 55.54% |
| 2023 |  | 12.69% | 10.85% |  |  |  |
|  Monthly Comment	 |  |  |  |  |
| Despite weak economic data in Europe | and a hawkish tone | Banks, markets y prospects. The ductivity growth ce of 14 bps. |
| Sector allocation had a slightly negativ overweight in healthcare and consumer names. Stock picking was modestly po performer on unconfirmed speculations better month thanks to reassuring mess from surging demand for travel. Non-life insurer Tryg A/S underperfor (Deutsche Telekom, Cellnex) suffered fro | re affected by the t somewhat compe ly in materials and terest by ADNOC. B rest margins. Budget announced a large, on and from higher r | underweight in f nsated by the abse healthcare. Coves anks (ING, Société airline Ryanair cont but manageable, eal yields. | nancials and the nce of real estate tro was a strong Générale) had a inued to benefit claim. Telecoms |
| Economic growth is uneven, with negati good growth elsewhere. Falling inflati environment we believe that corporates are up slightly at 38% and 39.4% respect | ve surprises in on expectations will still be able vely. | Europe and in China reduce the risks to grow at a moderat | alanced by resilie |
| Since inception, ELEVA European Selectio | vs the index up 55.54 | %, an outperforman | ce of 3,636 bps. |

,
|  Fees	 |
| --- |
| Subscription fees: Up to 3% |
| Redemption fees: 0% |
| Management fees: 0.9% |
| Performance fees: 15% of the outperformance to |
| the SXXR with a relative HWM over 5 rolling years |

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|  Contact	 |
| --- |
| Axel Plichon, Head of Business Development |
| axel.plichon@elevacapital.com |

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This document should be read in conjunction with the prospectus and relevant KIDs which are available on our website www.elevacapital.com.
Past performance is no guarantee of future results. The UCITS Fund does not benefit from any guarantee or protection, so the initial invested capital may not be fully repaid.

Translation (ENFR, 2023-06-30):
#  Indicateur de risque
|  Caractéristiques du compartiment	 |
| --- |
| Gérant : Eric Bendahan |
| Structure Légale : Luxembourg SICAV - UCITS |
| Date de lancement du compartiment : 26/01/2015 |
| Date de lancement de la part : 26/01/2015 |
| Code ISIN : LU1111643042 |
| Ticker Bloomberg : ELVESIE LX |
| Classification : Actions européennes |
| Indice de référence : STOXX Europe 600 Net Return - |
| SXXR |
| Devise de référence : EUR |
| Politique de dividendes : Accumulation |
| Fréquence de valorisation : Quotidienne |

|  Informations administratives	 |
| --- |
| Dépositaire : HSBC Continental Europe, Luxembourg |
| Valorisateur : HSBC Continental Europe, Luxembourg |
| Société de gestion : ELEVA Capital SAS |
| Heure limite de souscription / rachat : 12:00 CET |
| Date de valeur de souscription / rachat : J+2 |

|  Frais	 |
| --- |
| Frais de souscription : Jusqu’à 3% |
| Frais de rachat : 0% |
| Frais de gestion : 0.9% |
| Frais de performance : 15% de la surperformance par |
| rapport au SXXR avec HWM relatif sur 5 ans glissants |

|  Contact	 |
| --- |
| Axel Plichon, Head of Business Development |
| axel.plichon@elevacapital.com |

Ce document doit être lu conjointement avec le prospectus et le DIC qui sont disponibles sur notre site internet www.elevacapital.com.
Les performances passées ne préjugent en rien des performances futures. L'OPC ne bénéficie d’aucune garantie ni protection, il se peut donc que le capital initialement investi ne soit pas intégralement restitué.