# HIGHLIGHTS
PrivilEdge – American Century Emerging Markets Equity (previously PrivilEdge – Aberdeen Global Emerging Market All Cap Fund) is an actively managed UCITS portfolio managed by American Century Investment Management, Inc since 1 November 2018. The strategy is predominantly bottom-up and aims to outperform the MSCI Emerging Markets ND Index by 2% to 3% annualized over a standard market cycle of three to five years. It applies a growth-oriented approach to identifying companies experiencing early accelerating, fundamental improvement, focusing on inflection points rather than looking for an absolute threshold of earnings or revenue growth. The fundamental analysis is the core of the investment process, with financial statement analysis being the starting point. The portfolio is rather diversified and the position sizing reflects the conviction level in the sustainability of a stock's growth, its stage in the growth cycle, its positive earnings vs. consensus and valuation considerations. The portfolio is built within defined sector and country ranges, helping to limit the downside when earnings momentum is out of favor.
NET PERFORMANCE AND ANNUAL PERFORMANCE IN EUR 

### Nov 1, 2018 - Jun 30, 2021
175
150
125
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |


## RISK AND REWARD PROFILE
100
75
2018	2019	2020	2021
Low	High
PrivilEdge - American Century Emerging Markets Equity, Syst. Hdg, (EUR) M A / D
Annual or YTD performance (Fund)

## CODES		

### Class A		Class D ISIN	LU1605735890	LU1605735973

### Bloomberg	PEAEEMA LX	PEAEEMD LX

### NAV	EUR 12.54	EUR 12.38

## FISCAL INFORMATION

### Last dividend paid (27.11.2019)	EUR 0.06
MSCI Emerging Market ND USD (EUR Cross Hdg.)	Annual or YTD performance (Bench.) Management Change (01.11.2018)
| NET PERFORMANCE IN EUR | Fund | Bench. |  |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| YTD | 3.40% | 6.83% |  |  | - | - |
| 1 month | -0.58% | 0.17% |  |  | - | - |
| 3 months | 3.57% | 4.85% |  |  | - | - |
| 1 year | 37.99% | 38.42% |  |  | - | - |
| Total return (since 01.11.2018) | 50.91% | 40.79% |  |  | 16.64% | 13.65% |
| STATISTICS  01.11.2018 - 30.06.2021 | Fund | Bench. |  |  |  | Fund |
| Max. drawdown | -22.85% | -24.18% |  | Number of positions |  | 82 |
| Correlation |  | 0.981 |  |  |  |  |
| Tracking error |  | 3.63% |  |  |  |  |

Cumulative
Annualized

Translation (ENFR, 2021-06-30):
# POINTS CLÉS
Le fonds PrivilEdge – American Century Emerging Markets Equity est un portefeuille OPCVM à gestion active qui offre une exposition aux actions des marchés émergents mondiaux, toutes capitalisations confondues. Il est axé sur la prudence et le long terme, et met essentiellement l’accent sur la qualité des sociétés. Le fonds adopte une approche entièrement bottom-up pour sélectionner les titres, en se fondant principalement sur une équipe stable et très expérimentée, qui travaille dans un espace ouvert afin d’éviter tout parti pris personnel. La recherche fondamentale et les visites des sociétés sur le terrain sont au centre du processus d’investissement. La gestion des risques intervient dans un premier temps essentiellement au niveau des titres, en fonction de leur risque baissier. Le portefeuille est constitué sans référence à l’indice de référence. Il est plutôt diversifié en termes de noms, mais concentré en paris et suffisamment flexible pour avoir jusqu’à 35 % d’exposition aux petites et moyennes capitalisations.

## A partir du 1er novembre 2018, le fonds est géré par American Century Investment Management, Inc. et le nom du fonds devient PrivilEdge – American Century Emerging Markets Equity.
PERFORMANCE NETTE ET PERFORMANCE ANNUELLE EN EUR 

## 1 nov. 2018 - 30 juin 2021
175
150
125
100
Faible	Elevé
75
2018	2019	2020	2021
PrivilEdge - American Century Emerging Markets Equity, Syst. Hdg, (EUR) M A / D
Performance annuelle ou Année en cours (Fonds)
CODES	

## Classe A	Classe D

## ISIN	LU1605735890	LU1605735973

## Bloomberg	PEAEEMA LX	PEAEEMD LX
MSCI Emerging Market ND USD (EUR Cross Hdg.)	Performance annuelle ou Année en cours (Indice) Changement groupe de gestion (01.11.2018)

## Valeur Liquidative	EUR 12.54	EUR 12.38
Cumulée
Annualisée
|  | PERFORMANCE NETTE EN EUR | Fonds | Indice |  |  | Fonds | Indice |
| --- | --- | --- | --- | --- | --- | --- | --- |
| INFORMATION FISCALE |  |  | Année en cours | 3.40% | 6.83% |  |  | - | - |
|  |  |  | 1 mois | -0.58% | 0.17% |  |  | - | - |
| Dernier dividende (27.11.2019) | EUR 0.06 |  | 3 mois | 3.57% | 4.85% |  |  | - | - |
|  |  |  | 1 an | 37.99% | 38.42% |  |  | - | - |
|  |  |  | Perf. totale (depuis 01.11.2018) | 50.91% | 40.79% |  |  | 16.64% | 13.65% |
|  |  |  | STATISTIQUES  01.11.2018 - 30.06.2021 | Fonds | Indice |  |  |  | Fonds |
|  |  |  | Baisse maximum | -22.85% | -24.18% |  | Nombre de positions |  | 82 |
|  |  |  | Corrélation |  | 0.981 |  |  |  |  |
|  |  |  | Tracking Error |  | 3.63% |  |  |  |  |