# ANALYSIS OF THE NET PERFORMANCE
### CHANGE IN NET ASSET VALUE BASE 100
160
140
120
Lower risk	Higher risk
Potentially lower return	Potentially higher return

## KEY FIGURES
100
80
Net Asset Value (NAV) : 214,397.16 ( EUR )
Assets Under Management (AUM) :
127.03 ( million EUR ) Last coupon : -
60
12/16	06/17	12/17	06/18	12/18	06/19	12/19	06/20	12/20	06/21  12/21
Portfolio  Benchmark
YTD	1 month	3 months	1 year	3 years	5 years	Since
| Since | 31/12/2020 | 30/11/2021 | 30/09/2021 | 31/12/2020 | 31/12/2018 | 30/12/2016 | 16/09/2005 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 27.99% | 5.27% | 7.91% | 27.99% | 14.00% | 7.28% | 4.79% |
| Benchmark | 25.13% | 5.52% | 7.68% | 25.13% | 15.09% | 8.49% | 5.67% |
| Spread | 2.86% | -0.24% | 0.23% | 2.86% | -1.09% | -1.20% | -0.89% |

KEY PEOPLE	
ANNUALISED PERFORMANCES ¹
Management company : CPR ASSET MANAGEMENT Fund manager : Nicolas Johnson / Cyrille COLLET Custodian / Administrator :
CACEIS Bank / CACEIS Fund Administration France

## OPERATION & FEES
Frequency of NAV calculation : Daily Order cut-off time : 12:00
Execution NAV : D
Subscription Value Date / Redemption Date : D+1 / D+1
Minimum initial subscription : 1 Share(s) Minimum subsequent subscription :
1 thousandth(s) of (a) share(s)
Subscription fee (max) / Redemption fee : 2.00% / 0.00%
Annual management charges (max.) : 0.55% Performance fees : Yes
All details are available in the legal documentation
¹ Data corresponding to periods of more than a year are annualised.
2021	2020	2019	2018	2017

### ANNUAL PERFORMANCES
| Portfolio | 27.99% | -6.78% | 24.20% | -12.12% | 9.16% |
| --- | --- | --- | --- | --- | --- |
| Benchmark | 25.13% | -3.32% | 26.05% | -10.57% | 10.24% |
| Spread | 2.86% | -3.46% | -1.85% | -1.55% | -1.08% |

1 year	3 years	5 years	Inception to date
RISK ANALYSIS
| Portfolio volatility | 9.20% | 20.27% | 17.05% | 18.11% |
| --- | --- | --- | --- | --- |
| Benchmark volatility | 8.86% | 20.79% | 17.46% | 18.02% |
| Information ratio | 2.30 | -0.73 | -0.82 | -0.55 |
| Tracking Error ex-post | 1.25% | 1.62% | 1.43% | 1.63% |

Annualised data
CPR Asset Management, S.A capital of 53 445 705 € - 399 392 141 RCS Paris - SGP approved AMF n° GP01-056.
91-93, Boulevard Pasteur 75015 Paris - France - 01 53 15 70 00 www.cpr-am.fr
INVEST FOR

Translation (ENFR, 2021-12-31):
# ANALYSE DE LA PERFORMANCE
#### EVOLUTION DE LA VALEUR LIQUIDATIVE EN BASE 100
160
140
120
A risque plus faible	A risque plus élevé
100
Rendement potentiellement plus faible

## CHIFFRES CLES
Rendement potentiellement
plus élevé
80
Valeur Liquidative (VL) : 214 397,16 ( EUR ) Actif géré : 127,03 ( millions EUR ) Derniers coupons versés : -
60
12/16	06/17	12/17	06/18	12/18	06/19	12/19	06/20	12/20	06/21 12/21
Portefeuille Indice

#### ACTEURS	PERFORMANCES NETTES PAR PERIODE GLISSANTE ¹
Depuis le	1 mois	3 mois	1 an	3 ans	5 ans	Depuis le
| Depuis le | 31/12/2020 | 30/11/2021 | 30/09/2021 | 31/12/2020 | 31/12/2018 | 30/12/2016 | 16/09/2005 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille | 27,99% | 5,27% | 7,91% | 27,99% | 14,00% | 7,28% | 4,79% |
| Indice | 25,13% | 5,52% | 7,68% | 25,13% | 15,09% | 8,49% | 5,67% |
| Ecart | 2,86% | -0,24% | 0,23% | 2,86% | -1,09% | -1,20% | -0,89% |

Société de gestion : CPR ASSET MANAGEMENT Gérants : Nicolas Johnson / Cyrille COLLET Dépositaire / Valorisateur :
CACEIS Bank / CACEIS Fund Administration France

## MODALITES DE FONCTIONNEMENT
Fréquence de valorisation : Quotidienne Heure limite d'ordre : 12:00
VL d'éxécution : J
Date de valeur souscription / Date de valeur rachat : J+1 / J+1
Minimum 1ère souscription : 1 Part(s) Minimum souscription suivante :
1 millième part(s)/action(s)
Frais d'entrée (max) / Frais de sortie (max) : 2,00% / 0,00%
Frais de gestion annuels (max) : 0,55% Commission de surperformance : Oui
Tous les détails sont disponibles dans la documentation juridique
¹ Les données supérieures à un an sont annualisées.
2021	2020	2019	2018	2017

#### PERFORMANCES NETTES PAR ANNÉE CIVILE
| Portefeuille | 27,99% | -6,78% | 24,20% | -12,12% | 9,16% |
| --- | --- | --- | --- | --- | --- |
| Indice | 25,13% | -3,32% | 26,05% | -10,57% | 10,24% |
| Ecart | 2,86% | -3,46% | -1,85% | -1,55% | -1,08% |

1 an	3 ans	5 ans	Depuis le lancement
ANALYSE DU RISQUE
| Volatilité du portefeuille | 9,20% | 20,27% | 17,05% | 18,11% |
| --- | --- | --- | --- | --- |
| Volatilité de l'indice | 8,86% | 20,79% | 17,46% | 18,02% |
| Ratio d'information | 2,30 | -0,73 | -0,82 | -0,55 |
| Tracking Error ex-post | 1,25% | 1,62% | 1,43% | 1,63% |

Données annualisées
CPR Asset Management, Société anonyme au capital de 53 445 705 € - 399 392 141 RCS Paris - SGP agréée par AMF n° GP01-056.
91-93, Boulevard Pasteur 75015 Paris - France - 01 53 15 70 00 www.cpr-am.fr
INVESTIR, C'EST AUSSI AGIR