# BDL CONVICTIONS
## Data as of 30/11/2021
| Number of investments |
| --- |
| Top 10 exposure |
| Net exposure |
| Beta |
| 1 year volatility of BDL Convictions - C |
| 1 year volatility of SXXR |
| Fund QIRA/Sustainalytics coverage |
|  Market capitalization breakdown for the invested net asset	 |


###  Statistics		 Top 5 investments	
| 31 |
| --- |
| 52% |
| 100% |
| 105% |
| 13.10% |
| 11.98% |
| 100% |

| Eiffage |
| --- |
| Saint Gobain |
| Vinci |
| Daimler |
| Totalenergies Se |

| Weight |
| --- |
| 7.29% |
| 6.13% |
| 6.03% |
| 6.01% |
| 5.47% |

 Currency breakdown of invested assets (hedging of currencies)	
USD
80%
8%
12%
<€1 billion
From €1 to €5 billion
>€5 billion
GBP	3%
9%
EUR 88%

###  Sector breakdown		 Geographic breakdown	
Automobiles & Parts
Austria
1.5%
Banks Construction & Materials Consumer Products and Services
Energy Food, Beverage and Tobacco Industrial Goods & Services
Insurance Media
Denmark France Germany Ireland Italy
Netherlands
1.6%
2.4%
7.9%
10.1%
18.9%
48.0%
Technology Telecommunications Travel & Leisure
0%	5%	10%	15%	20%	25%	30%
Others United Kingdom
3.7%
5.5%
0%	5%	10%	15%	20%	25%	30%	35%	40%	45%	50%

###  Historical exposure		 Outperformance	
100%
95%
90%
85%
80%
75%
70%
15%
10%
5%
0%
-5%
-10%
** since April 2012, SXXR index replaces SXXP index

Translation (ENFR, 2021-11-30):
# BDL CONVICTIONS
LONG ONLY
Novembre 2021	Données au 30/11/2021
| BDL Convictions est un fonds Long Only actions européennes (UE + UK + Suisse + Norvège) investi dans des entreprises dont la capitalisation boursière ou le chiffre d'affaires est supérieur à 1 milliard d'euros. La performance du fonds s'appuie sur un processus de sélection des entreprises reposant sur une approche fondamentale et une recherche propriétaire. Le fonds reprend essentiellement les idées à l'achat du fonds BDL Rempart. BDL Convictions suit une approche "Best- Effort", l’intégralité de son portefeuille est noté ESG (prestataire externe + méthodologie interne QIRA). |
| --- |
|  Caractéristiques du fonds	 |

| Statut |
| --- |
| SFDR |
| Actifs du fonds |

| OPCVM V |
| --- |
| 8 |
| 1 017 M€ |

| Eligible au PEA |
| --- |
| Cotation |
| Dépositaire |

| Oui |
| --- |
| Quotidienne |
| CACEIS Bank France |

| Date de création : |
| --- |
| Part C |
| Part I |
| Part V |
| Code ISIN Part C |
| Code ISIN Part I |
| Code ISIN Part V |

| 12/09/2008 |
| --- |
| 06/11/2017 |
| 09/04/2021 |
| FR0010651224 |
| FR0013289535 |
| FR0014002JI4 |

| VL Part C |
| --- |
| VL Part I |
| VL Part V |

| Code Bloomberg Part C |
| --- |
| Code Bloomberg Part I |
| Code Bloomberg Part V |

| BDLCONV FP |
| --- |
| BDLCONI FP |
| BDLCONW FP |

| 3 155.35 € |
| --- |
| 1 186.18 € |
| 1 010.31 € |

L’attention de l’investisseur est attirée sur les facteurs de risque du fonds, notamment le risque action, le risque de crédit, le risque de liquidité, le risque de contrepartie, et les risques
liés aux produits dérivés et aux contreparties.
Cet indicateur représente le profil de risque affiché dans le DICI. La catégorie de risque n'est pas garantie et peut changer au cours du mois.
| Frais de performance |
| --- |
| 20% TTC au-delà du SXXR capitalisé, annuellement suite à la clôture de l’exercice au 31/12 ou à la date du rachat |

|  Commentaire de gestion	 |
| --- |
| La performance de BDL Convictions - C au mois de novembre 2021 est de -6.11%. Celle de BDL Convictions - I est de -6.05%. La performance du Stoxx 600 dividendes réinvestis sur la période est de -2.53%. Le portefeuille est composé de 31 investissements au 30/11/2021. Nos convictions les plus fortes sont Eiffage (7.29%), Saint Gobain (6.13%) ainsi que Vinci (6.03%). Une présentation plus complète de la performance de BDL Convictions est à votre disposition si vous le souhaitez. N'hésitez pas à nous contacter. |
| Les performances passées ne sont pas un indicateur fiable des performances futures. Elles ne sont pas constantes dans le temps et ne font l’objet d’aucune garantie. |
|  Valeur liquidative BDL Convictions - C	 |

| Performances | YTD 2021 | Création |
| --- | --- | --- |
| Part C | Part I | Part C | Part I |
| BDL Convictions | +14.59% | +15.27% | +215.54% | +18.62% |
| SXXR 2 | +18.48% | +18.48% | +138.23% | +29.22% |

| Performances annualisées | 3 ans | 5 ans | Création |
| --- | --- | --- | --- |
| BDL Convictions - C | +8.43% | +6.74% | +9.08% |
| Surperformance - Part C | -3.23% | -2.23% | +2.30% |
| SXXR 2 | +11.66% | +8.97% | +6.78% |
| BDL Convictions - I | +9.14% | N/A | +4.29% |
| Surperformance - Part I | -2.52% | N/A | -2.21% |
| SXXR 2 | +11.66% | +8.97% | +6.50% |

| Performances glissantes | 1 an | 3 ans | 5 ans |
| --- | --- | --- | --- |
| BDL Convictions - C | +18.98% | +27.47% | +38.55% |
| Surperformance - Part C | -2.56% | -11.76% | -15.12% |
| BDL Convictions - I | +19.71% | +29.99% | N/A |
| Surperformance - Part I | -1.83% | -9.24% | N/A |
| SXXR 2 | +21.54% | +39.23% | +53.67% |

| Tracking error | +15.11% | +17.00% | +13.47% |
| --- | --- | --- | --- |

|  Performances annuelles et mensuelles	 |
| --- |
|  |  |  |  |  | Performances mensuelles - Part C |  |  |  |  | Performances annuelles |  |
| Année | Janv. | Févr. | Mars | Avril | Mai | Juin | Juill. | Août | Sept. | Oct. | Nov. | Déc. | Part C | Part I | Part V 1 | SXXR |

BDL Convictions	SXXR
2
| 2021 | -1.61% | +7.85% | +5.56% | +2.47% | +3.10% | -0.91% | -1.99% | +3.33% | +0.13% | +2.64% | -6.11% |  | +14.59% | +15.27% | N/A | +18.48% |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2020 | -2.19% | -5.58% | -26.17% | +8.01% | +4.47% | +4.31% | -2.90% | +4.58% | -3.40% | -4.22% | +20.40% | +3.84% | -5.72% | -5.06% | N/A | -1.99% |
| 2019 | +5.27% | +4.15% | +1.43% | +4.52% | -7.04% | +2.40% | +2.44% | -0.63% | +4.22% | +3.02% | +3.53% | +1.88% | +27.54% | +28.30% | N/A | +26.82% |
| 2018 | +0.26% | -2.28% | -0.85% | +3.99% | -2.35% | -0.58% | +3.39% | -3.01% | -1.91% | -5.93% | +1.20% | -7.49% | -15.05% | -14.43% | N/A | -10.77% |
| 2017 | -0.02% | +2.09% | +2.74% | +1.86% | +3.39% | -1.53% | +0.69% | -0.29% | +2.51% | +1.23% | -0.63% | -0.29% | +12.26% | N/A | N/A | +10.58% |
| 2016 | -4.01% | -1.90% | +2.11% | +0.07% | +2.33% | -4.97% | +5.45% | +1.32% | +0.76% | +1.20% | -1.52% | +5.44% | +5.85% | N/A | N/A | +1.73% |
| 2015 | +4.81% | +6.40% | +1.10% | +1.06% | +3.12% | -3.25% | +2.50% | -4.67% | -2.06% | +5.86% | +1.57% | -2.19% | +14.39% | N/A | N/A | +9.60% |
| 2014 | +1.42% | +3.52% | -0.99% | +0.73% | +2.02% | -1.35% | -3.58% | +1.53% | -0.22% | +0.27% | +3.52% | +0.37% | +7.23% | N/A | N/A | +7.20% |
| 2013 | +3.51% | +1.56% | +3.17% | +1.68% | +2.33% | -3.10% | +4.14% | -1.07% | +4.93% | +3.69% | +0.81% | +0.16% | +23.75% | N/A | N/A | +20.79% |
| 2012 | +3.72% | +4.87% | +2.51% | -1.17% | -6.38% | +4.94% | +2.37% | +2.03% | +2.33% | +0.88% | +0.55% | +2.05% | +19.76% | N/A | N/A | +18.18% |
| 2011 | -0.29% | +0.37% | -0.80% | +3.61% | -1.25% | -3.80% | -0.97% | -11.72% | +0.12% | +9.44% | -8.33% | +4.58% | -10.26% | N/A | N/A | -8.61% |
| 2010 | +0.75% | +0.73% | +5.21% | +0.05% | -3.17% | +0.75% | +0.26% | -0.18% | +4.25% | +2.02% | +0.18% | +2.94% | +14.09% | N/A | N/A | +11.61% |
| 2009 | -0.18% | -3.97% | +2.22% | +15.21% | +4.85% | +0.16% | +5.45% | +4.14% | +2.07% | +0.20% | +2.64% | +4.23% | +42.45% | N/A | N/A | +36.49% |
| 2008 |  |  |  |  |  |  |  |  | -1.95% | -10.85% | -4.85% | +2.87% | -14.44% | N/A | N/A | -30.98% |

- Les performances de la part V ne sont pas affichées car le fonds a été créé il y a moins d'un an
- Stoxx 600 dividendes réinvestis