OVHaiLLM/Flipper huggingface dataset:
## Relative Monthly Net Returns vs Peer Median
2.5%
0,0%
-0,3%
0,2%
-0,1%
-0,1%
0,0%
0,2%
-0,3%
-0,2%
0,1%
0,2%
-0,2%
-0,1%
0,1%
-0,3%
0,3%
0,1%
0,0%
0,0%
-0,2%
0,0%
-0,1%
0,4%
-0,4%
0,0%
0,1%
0,1%
0,2%
0,1%
0,1%
0,3%
-0,2%
0,0%
-0,1%
-0,2%
0,4%
0,3%
1,8%
0,6%
-0,2%
0,1%
0,2%
-0,3%
0,0%
0,0%
0,2%
-0,1%
-0,1%
-0,1%
-0,4%
0,1%
0,0%
0,0%
0,2%
-0,1%
-0,1%
0,2%
0,0%
-0,1%
-0,1%
1,8%
2%
1.5%
Return
0,6%
1%
0,2%
0,2%
0,1%
0,2%
0,1%
0,3%
0,1%
0,4%
0,1%
0,1%
0,2%
0,1%
0,1%
0,3%
0,4%
0,3%
0,1%
0,2%
0,2%
0,1%
0,0%
0,2%
0,2%
0.5%
0,0%
-0,3%
-0,1%
-0,1%
0,0%
-0,2%
-0,1%
0,0%
0,0%
-0,2%
0,0%
-0,1%
-0,4%
0,0%
-0,2%
0,0%
-0,1%
-0,2%
-0,3%
0,0%
0,0%
-0,1%
-0,1%
-0,1%
-0,4%
0,0%
-0,1%
-0,1%
0,0%
-0,1%
-0,1%
0%
-0,3%
-0,2%
-0,3%
-0,2%
-0.5%
-1%
17-02	17-08	18-02	18-08	19-02	19-08	20-02	20-08	21-0221-08
Past Performance does not predict future returns. The return of your investment may change as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source Morningstar UK Limited © 2022 as at 22-01-31. Net Fund returns - Based on the NAV and assuming income is reinvested including ongoing charges excluding entry and exit charges.

Translation (ENFR, 2022-01-31):
### Performances mensuelles par rapport au groupe de pairs
2.5%
0,0%
-0,3%
0,2%
-0,1%
-0,1%
0,0%
0,2%
-0,3%
-0,2%
0,1%
0,2%
-0,2%
-0,1%
0,1%
-0,3%
0,3%
0,1%
0,0%
0,0%
-0,2%
0,0%
-0,1%
0,4%
-0,4%
0,0%
0,1%
0,1%
0,2%
0,1%
0,1%
0,3%
-0,2%
0,0%
-0,1%
-0,2%
0,4%
0,3%
1,8%
0,6%
-0,2%
0,1%
0,2%
-0,3%
0,0%
0,0%
0,2%
-0,1%
-0,1%
-0,1%
-0,4%
0,1%
0,0%
0,0%
0,2%
-0,1%
-0,1%
0,2%
0,0%
-0,1%
-0,1%
1,8%
2%
1.5%
Rendimiento
0,6%
1%
0,2%
0,2%
0,1%
0,2%
0,1%
0,3%
0,1%
0,4%
0,1%
0,1%
0,2%
0,1%
0,1%
0,3%
0,4%
0,3%
0,1%
0,2%
0,2%
0,1%
0,0%
0,2%
0,2%
0.5%
0,0%
-0,3%
-0,1%
-0,1%
0,0%
-0,2%
-0,1%
0,0%
0,0%
-0,2%
0,0%
-0,1%
-0,4%
0,0%
-0,2%
0,0%
-0,1%
-0,2%
-0,3%
0,0%
0,0%
-0,1%
-0,1%
-0,1%
-0,4%
0,0%
-0,1%
-0,1%
0,0%
-0,1%
-0,1%
0%
-0,3%
-0,2%
-0,3%
-0,2%
-0.5%
-1%
02/17	08/17	02/18	08/18	02/19	08/19	02/20	08/20	02/21	08/21
Les performances passées ne permettent pas de prédire les rendements futurs. Le rendement de votre investissement peut évoluer en raison des fluctuations de change si votre investissement est effectué dans une devise autre que celle utilisée dans le calcul des performances passées.Source Morningstar UK Limited © 2022 au 31/01/22. Rendements nets du Fonds : sur la base de la VNI et en supposant que les revenus sont réinvestis, y compris les frais courants, hors frais d’entrée et de sortie.
# Portfolio data
As per end of January 2023
| Modified Duration | 5.20 |
| --- | --- |
| Yield | 3.20 |
| Convexity | 0.41 |
| Average rating | A+ |
| SII capital charge | 5.60 |
| SWAP spread | 24.60 |
| Duration Times Spread | 2.12 |
| Total number bonds | 145 |

07-2007
01-2011
01-2015
01-2019
01-2023
Source: Triodos Investment Management
Fund	Benchmark
All returns stated have been calculated based on net asset values, including reinvestment of dividends where applicable. Past performance is not a reliable indicator of future performance.

Translation (ENFR, 2023-01-31):
# Données de portefeuille
## Situation fin janvier 2023
07-2007
01-2011
01-2015
Fonds	Benchmark
01-2019
01-2023
| Durée modifiée | 5,20 |
| --- | --- |
| Rendement | 3,20 |
| Convexité | 0,41 |
| Note moyenne | A+ |
| SII charge de capital | 5,60 |
| SWAP spread | 24,60 |
| Écart de crédit multiplié	2,12 par la durée Nombre total145 d'obligations |

Source: Triodos Investment Management
Tous les rendements indiqués ont été calculés sur la base des valeurs nettes d'inventaire, y compris le réinvestissement des dividendes lorsque en vigueur. Les performances passées ne sont pas un indicateur fiable des performances futures.
# Top 3 SDGs of the fund
1.73
-1	-0.6	-0.2	0.2	0.6	1	1.42
Fund	Benchmark
The chart plots the direct contribution to the Sustainable Development Goals (SDG) on a scale from -10 to 10, based on the underlying revenue streams of each company, aggregated at fund and benchmark level. A negative score implies an obstruction to a particular SDG, while a positive score suggests a positive contribution. Data source is ISS ESG Sustainable Solutions Assessment and the holding coverage is 35% for the fund and 38% for the benchmark. Data as per end of January 2023.
As per end of January 2023	As per end of January 2023	As per end of January 2023
Transition Theme	% of NAV
Bond Type	% of NAV
Risk Category	% of NAV
Source: Triodos Investment Management
Green5.8
Regular31.6
Social0.4

Translation (ENFR, 2023-01-31):
# Top 3 des ODD du fonds
1,73
-1	-0,6	-0,2	0,2	0,6	1	1,42
Fonds	Benchmark
Le graphique représente la contribution directe aux Objectifs de développement durable (ODD) sur une échelle de -10 à 10, en fonction des flux de revenus sous-jacents de chaque entreprise, agrégés au niveau du fonds et de l'indice de référence. Un score négatif implique une entrave à un ODD particulier, tandis qu'un score positif suggère une contribution positive. La source des données est l'évaluation des solutions durables de l'ISS ESG. La couverture des participations est de 35% pour le fonds et de 38% pour l'indice de référence.
Répartition par thèmes de transition
Ventilation par type d'obligation
Ventilation par catégorie de risques
À la fin de janvier 2023	À la fin de janvier 2023	À la fin de janvier 2023
Thèmes de transition	% VNI
Investissement	% VNI
Catégorie de risques	% VNI
Source: Triodos Investment Management
Le graphique à secteurs ne représente que les avoirs en obligations de sociétés. Les obligations souveraines sont utilisées pour la gestion de la liquidité du portefeuille.
Green	5,8
Regular	31,6
Social	0,4
| USD I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | 4.08% | -1.18% | 5.32% |
| 3 months | 13.67% | 0.99% | 12.56% |
| 6 months | 1.97% | -2.38% | 4.46% |
| YTD | -10.20% | -11.22% | 1.15% |
| 1 year | -10.20% | -11.22% | 1.15% |
| 3 years (annual.) | -0.68% | -2.59% | 1.96% |
| 5 years (annual.) | 4.31% | 0.35% | 3.94% |
| ITD (Annual) | 5.83% | 1.02% | 4.76% |

Translation (ENFR, 2022-12-30):
| USD I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | 4.08% | -1.18% | 5.32% |
| 3 mois | 13.67% | 0.99% | 12.56% |
| 6 mois | 1.97% | -2.38% | 4.46% |
| Depuis le début d'année | -10.20% | -11.22% | 1.15% |
| 1 an | -10.20% | -11.22% | 1.15% |
| 3 ans (annual.) | -0.68% | -2.59% | 1.96% |
| 5 ans (annual.) | 4.31% | 0.35% | 3.94% |
| Depuis le lancement (annual.) | 5.83% | 1.02% | 4.76% |
| EUR R | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | 0.65% | 0.30% | 0.36% |
| 3 months | 0.89% | 0.86% | 0.03% |
| 6 months | 1.98% | 1.50% | 0.47% |
| YTD | 3.00% | 1.68% | 1.30% |
| 1 year | 6.12% | 2.04% | 4.00% |
| 3 years (annual.) | 2.34% | 0.40% | 1.93% |
| 5 years (annual.) |  |  |  |
| ITD (Annual) | 1.64% | 0.15% | 1.49% |

Translation (ENFR, 2023-07-31):
| EUR R | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | 0.65% | 0.30% | 0.36% |
| 3 mois | 0.89% | 0.86% | 0.03% |
| 6 mois | 1.98% | 1.50% | 0.47% |
| Depuis le début d'année | 3.00% | 1.68% | 1.30% |
| 1 an | 6.12% | 2.04% | 4.00% |
| 3 ans (annual.) | 2.34% | 0.40% | 1.93% |
| 5 ans (annual.) |  |  |  |
| Depuis le lancement (annual.) | 1.64% | 0.15% | 1.49% |
Fixed Income strategies performed favourably over the month. The highest contribution came from the curve arbitrage segment which benefited from the steepening of the US yield curve. The G4 directional exposure, geographic arbitrages and non-G4 strategies were flat.
The currency segment exhibited positive returns. High carry, EM FX positions (e.g., BRL, MXN …) strengthened against the greenback. However, arbitrages within the euro bloc allocation were jointly penalised by the long EURCHF and short EURHUF.
The credit allocation was positive thanks to the performance of EU bank AT1s and hard- currency EM debt.

Translation (ENFR, 2023-07-31):
Les stratégies obligataires ont enregistré des performances favorables au cours du mois. La contribution la plus importante est expliquée par les stratégies de courbes qui bénéficient de la pentification des taux américains. L'exposition directionnelle, les arbitrages géographiques du G4 et les stratégies non G4 sont restés stables.
La contribution sur les marchés des changes est également positive. Les positions avec des rendements élevés (BRL, MXN, etc.) se sont renforcées par rapport au billet vert. Toutefois, les arbitrages au sein de l'allocation au bloc euro ont été pénalisés par les positions longues EURCHF et vendeuses EURHUF.
L'allocation crédit a été positive grâce à la performance des AT1 en Europe et de la dette EM en devises externes.
| Management concept: | Global macro |
| --- | --- |
| Investment universe: | Bonds and currencies |
| Investment horizon: | 2 years |
| Ex-Ante VaR (99%,20D) | 5% |
| Reference index: | ESTER compounded daily |
| Legal framework: | Fonds Commun de Placement (FCP) |
| Inception date: | 01/10/2020 |

Translation (ENFR, 2023-07-31):
| Concept de gestion: | Gestion global macro |
| --- | --- |
| Univers d'investissement: | Obligations & devises |
| Horizon d'investissement: | 2 ans |
| Ex-Ante VaR (99%,20 Jours) | 5% |
| Indice de référence: | ESTER capitalisé quotidiennement |
| Forme juridique: | FCP de droit français coordonné (UCITS IV) |
| Inception date: | 01/10/2020 |
| EUR I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | 2.57% | 0.54% | 2.02% |
| 3 months | 7.98% | 1.58% | 6.29% |
| 6 months | 12.80% | 2.95% | 9.56% |
| YTD | 21.96% | 3.36% | 17.99% |
| 1 year | 37.36% | 4.94% | 30.89% |
| 3 years (annual.) |  |  |  |
| 5 years (annual.) |  |  |  |
| ITD (Annual) | 24.89% | 3.35% | 20.84% |

Translation (ENFR, 2023-07-31):
| EUR I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | 2.57% | 0.54% | 2.02% |
| 3 mois | 7.98% | 1.58% | 6.29% |
| 6 mois | 12.80% | 2.95% | 9.56% |
| Depuis le début d'année | 21.96% | 3.36% | 17.99% |
| 1 an | 37.36% | 4.94% | 30.89% |
| 3 ans (annual.) |  |  |  |
| 5 ans (annual.) |  |  |  |
| Depuis le lancement (annual.) | 24.89% | 3.35% | 20.84% |
| EUR R | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | 5.21% 24.19% 34.56% | 0.37% 1.03% 1.73% | 4.82% 22.93% 32.27% |
| YTD | 5.21% | 0.37% | 4.82% |
| 1 year 3 years (annual.) 5 years (annual.) | 35.95% | 2.70% | 32.38% |
| ITD (Annual) | 27.99% | 2.31% | 25.10% |

Translation (ENFR, 2023-01-31):
| EUR R | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | 5.21% 24.19% 34.56% | 0.37% 1.03% 1.73% | 4.82% 22.93% 32.27% |
| Depuis le début d'année | 5.21% | 0.37% | 4.82% |
| 1 an 3 ans (annual.) 5 ans (annual.) | 35.95% | 2.70% | 32.38% |
| Depuis le lancement (annual.) | 27.99% | 2.31% | 25.10% |
Absolute Objective
 Performance attribution	
Sovereign bond strategies came out negative this month. The short G4 duration incurred losses. The transatlantic arbitrage (long US Treasuries vs German Bunds) generated gains. Yield curve positions are neutral. Finally, the diversification away from the core G4 sovereign issues underperformed despite the tightening of the Italy/Germany 10-year rate spread (-27 bps).
On the currency markets, the contribution was very positive. The long US dollar position suffered from the market’s relief that the Fed could end its hiking cycle soon. Inter-bloc
strategies (short EUR vs. CAD & JPY) came out neutral. Intra-bloc arbitrages outperformed thanks to the long EUR/CHF, short EUR/HUF and long AUD/CAD positions. Emerging FX added even stronger gains, not only on the long Latam (long MXN, BRL & CLP) but also on the long Asian fronts (long KRW).
Credit strategies stayed mostly put this month in line with the neutral showing of EM external debt. The contribution of European AT1 bonds is positive.

Translation (ENFR, 2023-01-31):
Fonds Objectif
 Attribution de performance	
Les stratégies obligataires se révèlent négatives ce mois-ci. La position vendeuse de sensibilité aux émissions du G4 subit des pertes. L'arbitrage transatlantique (acheteur de Treasuries US contre Bunds allemands) génère un gain. Les positions de courbe de taux ressortent neutres. Enfin, la diversification hors émissions souveraines du G4 sous-performe malgré le resserrement du spread des taux 10 ans Italie/Allemagne (- 27 bps).
Sur le marché des changes, la contribution est très positive. La position acheteuse du dollar US souffre du basculement de la monnaie de réserve alors que le marché anticipe en janvier un apaisement de la contraction monétaire orchestrée par la Fed. Les stratégies inter-blocs
(vente d’EUR contre CAD et JPY) sont neutres. Les arbitrages intra-blocs surperforment grâce aux positions acheteuses d’EUR/CHF, vendeuses d’EUR/HUF et acheteuses d’AUD/CAD. Les devises émergentes ajoutent des gains importants, non seulement sur l’achat de devises sud- américaines (MXN, BRL et CLP) mais aussi asiatiques (KRW).
Les stratégies de crédit affichent un résultat marginal ce mois-ci, en ligne avec la neutralité de la dette externe des marchés émergents. La contribution des obligations européennes AT1 est positive.
| EUR I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | 2.97% | 0.54% | 2.41% |
| 3 months | 8.35% | 1.58% | 6.67% |
| 6 months | 10.28% | 2.95% | 7.11% |
| YTD | 16.07% | 3.36% | 12.30% |
| 1 year | 48.67% | 4.94% | 41.68% |
| 3 years (annual.) |  |  |  |
| 5 years (annual.) |  |  |  |
| ITD (Annual) | 27.57% | 3.35% | 23.43% |

Translation (ENFR, 2023-07-31):
| EUR I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | 2.97% | 0.54% | 2.41% |
| 3 mois | 8.35% | 1.58% | 6.67% |
| 6 mois | 10.28% | 2.95% | 7.11% |
| Depuis le début d'année | 16.07% | 3.36% | 12.30% |
| 1 an | 48.67% | 4.94% | 41.68% |
| 3 ans (annual.) |  |  |  |
| 5 ans (annual.) |  |  |  |
| Depuis le lancement (annual.) | 27.57% | 3.35% | 23.43% |
| EUR R | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | 2.49% | 0.47% | 2.01% |
| 3 months | 7.69% | 1.36% | 6.24% |
| 6 months | 12.10% | 2.50% | 9.37% |
| YTD | 20.50% | 2.84% | 17.17% |
| 1 year | 31.83% | 4.04% | 26.71% |
| 3 years (annual.) |  |  |  |
| 5 years (annual.) |  |  |  |
| ITD (Annual) | 19.64% | 2.45% | 16.77% |

Translation (ENFR, 2023-07-31):
| EUR R | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | 2.49% | 0.47% | 2.01% |
| 3 mois | 7.69% | 1.36% | 6.24% |
| 6 mois | 12.10% | 2.50% | 9.37% |
| Depuis le début d'année | 20.50% | 2.84% | 17.17% |
| 1 an | 31.83% | 4.04% | 26.71% |
| 3 ans (annual.) |  |  |  |
| 5 ans (annual.) |  |  |  |
| Depuis le lancement (annual.) | 19.64% | 2.45% | 16.77% |
| EUR I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | 8.65% 35.62% 43.94% | 0.50% 1.41% 2.48% | 8.10% 33.74% 40.45% |
| YTD | 8.65% | 0.50% | 8.10% |
| 1 year 3 years (annual.) 5 years (annual.) | 12.01% | 4.20% | 7.50% |
| ITD (Annual) | 41.14% | 3.80% | 35.97% |

Translation (ENFR, 2023-01-31):
| EUR I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | 8.65% 35.62% 43.94% | 0.50% 1.41% 2.48% | 8.10% 33.74% 40.45% |
| Depuis le début d'année | 8.65% | 0.50% | 8.10% |
| 1 an 3 ans (annual.) 5 ans (annual.) | 12.01% | 4.20% | 7.50% |
| Depuis le lancement (annual.) | 41.14% | 3.80% | 35.97% |
| EUR I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | 0.14% | 0.21% | -0.07% |
| 3 months | 2.58% | 0.59% | 1.97% |
| 6 months | 3.81% | 0.91% | 2.87% |
| YTD | 1.19% | 0.42% | 0.77% |
| 1 year | 4.07% | 0.91% | 3.12% |
| 3 years (annual.) | 1.82% | 0.31% | 1.51% |
| 5 years (annual.) | 2.01% | 0.23% | 1.77% |
| ITD (Annual) | 2.03% | 0.23% | 1.80% |

Translation (ENFR, 2023-02-28):
| EUR I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | 0.14% | 0.21% | -0.07% |
| 3 mois | 2.58% | 0.59% | 1.97% |
| 6 mois | 3.81% | 0.91% | 2.87% |
| Depuis le début d'année | 1.19% | 0.42% | 0.77% |
| 1 an | 4.07% | 0.91% | 3.12% |
| 3 ans (annual.) | 1.82% | 0.31% | 1.51% |
| 5 ans (annual.) | 2.01% | 0.23% | 1.77% |
| Depuis le lancement (annual.) | 2.03% | 0.23% | 1.80% |
| EUR R | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | -3.47% -3.16% -5.54% | 0.08% 0.12% 0.13% | -3.54% -3.28% -5.66% |
| YTD | -3.73% | 0.14% | -3.86% |
| 1 year 3 years (annual.) 5 years (annual.) | -4.48% | 0.16% | -4.64% |
| ITD (Annual) | 1.43% | 0.14% | 1.29% |

Translation (ENFR, 2022-09-30):
| EUR R | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | -3.47% -3.16% -5.54% | 0.08% 0.12% 0.13% | -3.54% -3.28% -5.66% |
| Depuis le début d'année | -3.73% | 0.14% | -3.86% |
| 1 an 3 ans (annual.) 5 ans (annual.) | -4.48% | 0.16% | -4.64% |
| Depuis le lancement (annual.) | 1.43% | 0.14% | 1.29% |
| EUR R | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | 1.75% -2.33% 1.93% | 0.04% 0.05% 0.05% | 1.71% -2.38% 1.87% |
| YTD | -0.27% | 0.06% | -0.33% |
| 1 year 3 years (annual.) 5 years (annual.) | -1.03% | 0.10% | -1.12% |
| ITD (Annual) | 3.38% | 0.11% | 3.27% |

Translation (ENFR, 2022-08-31):
| EUR R | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | 1.75% -2.33% 1.93% | 0.04% 0.05% 0.05% | 1.71% -2.38% 1.87% |
| Depuis le début d'année | -0.27% | 0.06% | -0.33% |
| 1 an 3 ans (annual.) 5 ans (annual.) | -1.03% | 0.10% | -1.12% |
| Depuis le lancement (annual.) | 3.38% | 0.11% | 3.27% |
| EUR R | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | -0.12% | 0.37% | -0.49% |
| 3 months | 14.55% | 1.12% | 13.28% |
| 6 months | 18.89% | 1.96% | 16.60% |
| YTD | 8.87% | 0.76% | 8.06% |
| 1 year | 57.15% | 3.01% | 52.55% |
| 3 years (annual.) |  |  |  |
| 5 years (annual.) |  |  |  |
| ITD (Annual) | 23.03% | 2.48% | 20.05% |

Translation (ENFR, 2023-02-28):
| EUR R | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | -0.12% | 0.37% | -0.49% |
| 3 mois | 14.55% | 1.12% | 13.28% |
| 6 mois | 18.89% | 1.96% | 16.60% |
| Depuis le début d'année | 8.87% | 0.76% | 8.06% |
| 1 an | 57.15% | 3.01% | 52.55% |
| 3 ans (annual.) |  |  |  |
| 5 ans (annual.) |  |  |  |
| Depuis le lancement (annual.) | 23.03% | 2.48% | 20.05% |
# H2O AM EUROPE
Portfolio management company approved by the Autorité des Marchés Financiers under number GP-19000011.
Paris Trade and Companies Register n° 843 082 538.
Address: 39 Pierre 1er de Serbie Avenue, 75008 Paris www.h2o-am.com

Translation (ENFR, 2022-10-31):
# H2O AM EUROPE
Société de gestion de portefeuille de droit français Autorisée et régulée par l’Autorité des Marchés Financiers (AMF) Enregistrée sous le n° GP 19000011
RCS Paris n° 843 082 538,
Siège social : 39 avenue Pierre 1er de Serbie 75008 Paris, www.h2o-am.com
| EUR I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | -9.69% 0.71% 2.35% | 0.28% 0.85% 1.71% | -9.94% -0.14% 0.62% |
| YTD | 2.35% | 1.70% | 0.64% |
| 1 year 3 years (annual.) 5 years (annual.) | 0.93% | 3.47% | -2.45% |
| ITD (Annual) | 35.41% | 3.49% | 30.85% |

Translation (ENFR, 2022-06-30):
| EUR I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | -9.69% 0.71% 2.35% | 0.28% 0.85% 1.71% | -9.94% -0.14% 0.62% |
| Depuis le début d'année | 2.35% | 1.70% | 0.64% |
| 1 an 3 ans (annual.) 5 ans (annual.) | 0.93% | 3.47% | -2.45% |
| Depuis le lancement (annual.) | 35.41% | 3.49% | 30.85% |
| EUR I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | 4.43% 17.38% 13.40% | 0.30% 0.79% 1.27% | 4.12% 16.45% 11.98% |
| YTD | 8.51% | 1.98% | 6.41% |
| 1 year 3 years (annual.) 5 years (annual.) | 8.51% | 1.98% | 6.41% |
| ITD (Annual) | 16.91% | 1.72% | 14.93% |

Translation (ENFR, 2022-12-30):
| EUR I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | 4.43% 17.38% 13.40% | 0.30% 0.79% 1.27% | 4.12% 16.45% 11.98% |
| Depuis le début d'année | 8.51% | 1.98% | 6.41% |
| 1 an 3 ans (annual.) 5 ans (annual.) | 8.51% | 1.98% | 6.41% |
| Depuis le lancement (annual.) | 16.91% | 1.72% | 14.93% |
| EUR R | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | 10.38% 8.34% 5.48% | 0.27% 0.70% 1.18% | 10.09% 7.59% 4.25% |
| YTD | 14.73% | 1.82% | 12.68% |
| 1 year 3 years (annual.) 5 years (annual.) | 8.20% | 2.16% | 5.91% |
| ITD (Annual) | 18.75% | 2.09% | 16.33% |

Translation (ENFR, 2022-10-31):
| EUR R | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | 10.38% 8.34% 5.48% | 0.27% 0.70% 1.18% | 10.09% 7.59% 4.25% |
| Depuis le début d'année | 14.73% | 1.82% | 12.68% |
| 1 an 3 ans (annual.) 5 ans (annual.) | 8.20% | 2.16% | 5.91% |
| Depuis le lancement (annual.) | 18.75% | 2.09% | 16.33% |
| USD I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | -1.64% | -2.61% | 1.00% |
| 3 months | -7.75% | -1.65% | -6.21% |
| 6 months | -8.56% | -6.48% | -2.22% |
| YTD | -12.90% | -9.17% | -4.10% |
| 1 year | -13.75% | -9.99% | -4.18% |
| 3 years (annual.) | -0.38% | -2.16% | 1.82% |
| 5 years (annual.) | 4.13% | 0.88% | 3.22% |
| ITD (Annual) | 5.64% | 1.43% | 4.16% |

Translation (ENFR, 2022-08-31):
| USD I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | -1.64% | -2.61% | 1.00% |
| 3 mois | -7.75% | -1.65% | -6.21% |
| 6 mois | -8.56% | -6.48% | -2.22% |
| Depuis le début d'année | -12.90% | -9.17% | -4.10% |
| 1 an | -13.75% | -9.99% | -4.18% |
| 3 ans (annual.) | -0.38% | -2.16% | 1.82% |
| 5 ans (annual.) | 4.13% | 0.88% | 3.22% |
| Depuis le lancement (annual.) | 5.64% | 1.43% | 4.16% |
| EUR I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | -8.01% -3.55% -4.31% | 0.12% 0.35% 0.71% | -8.12% -3.90% -4.99% |
| YTD | -4.31% | 0.70% | -4.98% |
| 1 year 3 years (annual.) 5 years (annual.) | -5.06% | 1.47% | -6.43% |
| ITD (Annual) | 13.77% | 1.49% | 12.11% |

Translation (ENFR, 2022-06-30):
| EUR I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | -8.01% -3.55% -4.31% | 0.12% 0.35% 0.71% | -8.12% -3.90% -4.99% |
| Depuis le début d'année | -4.31% | 0.70% | -4.98% |
| 1 an 3 ans (annual.) 5 ans (annual.) | -5.06% | 1.47% | -6.43% |
| Depuis le lancement (annual.) | 13.77% | 1.49% | 12.11% |
| EUR I | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month 3 months 6 months | 3.63% -7.21% -1.15% | 0.16% 0.40% 0.75% | 3.46% -7.58% -1.89% |
| YTD | -3.48% | 0.99% | -4.43% |
| 1 year 3 years (annual.) 5 years (annual.) | -3.63% | 1.50% | -5.05% |
| ITD (Annual) | 12.99% | 1.51% | 11.31% |

Translation (ENFR, 2022-08-31):
| EUR I | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois 3 mois 6 mois | 3.63% -7.21% -1.15% | 0.16% 0.40% 0.75% | 3.46% -7.58% -1.89% |
| Depuis le début d'année | -3.48% | 0.99% | -4.43% |
| 1 an 3 ans (annual.) 5 ans (annual.) | -3.63% | 1.50% | -5.05% |
| Depuis le lancement (annual.) | 12.99% | 1.51% | 11.31% |
| EUR R | Net Return | Objective | Excess Return |
| --- | --- | --- | --- |
| 1 month | 1.44% | 0.14% | 1.30% |
| 3 months | 4.09% | 0.34% | 3.74% |
| 6 months | 2.10% | 0.37% | 1.73% |
| YTD | 1.45% | 0.18% | 1.27% |
| 1 year | 1.45% | 0.18% | 1.27% |
| 3 years (annual.) | 0.43% | -0.13% | 0.56% |
| 5 years (annual.) |  |  |  |
| ITD (Annual) | 1.45% | -0.15% | 1.60% |

Translation (ENFR, 2022-12-30):
| EUR R | Performance | Objectif | Ecart |
| --- | --- | --- | --- |
| 1 mois | 1.44% | 0.14% | 1.30% |
| 3 mois | 4.09% | 0.34% | 3.74% |
| 6 mois | 2.10% | 0.37% | 1.73% |
| Depuis le début d'année | 1.45% | 0.18% | 1.27% |
| 1 an | 1.45% | 0.18% | 1.27% |
| 3 ans (annual.) | 0.43% | -0.13% | 0.56% |
| 5 ans (annual.) |  |  |  |
| Depuis le lancement (annual.) | 1.45% | -0.15% | 1.60% |