# HIGHLIGHTS
The fund seeks to outperform the Russell 2500 benchmark over the full market cycle by investing in quality small and mid-cap American listed equities. The investment manager uses fundamental, bottom up proprietary investment research. The focus is on the quality of management, strength of financials and the sustainability of companies’ business models. It is a portfolio of 65-95 holdings with most names between 1% and 3%. Major sector weights are generally between 0.5x and 2.0x benchmark weights. The fund has a 3-5 year average investment horizon and holding period. Holdings are primarily in the market capitalisation range of the benchmark at the time of purchase.
NET PERFORMANCE AND ANNUAL PERFORMANCE IN EUR 

### Jun 12, 2017 - Sep 30, 2021
175 
| Net assets (all classes) Liquidity (sub./red.) | EUR 447.91 million Daily, 15:00 |
| --- | --- |
| Min. investment | EUR 3'000 |
| Management fee | 0.95% |
| Distribution fee | 0.00% |
| FROC | 0.25% |
| TER max (30 September 2020) | 1.22% |

150
125
100
75
-10.84%
-12.79%
24.36%
23.53%
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |


## RISK AND REWARD PROFILE
2017	2018	2019	2020	2021
PrivilEdge - William Blair US Small and Mid Cap, Syst. Hdg, (EUR) M A / D Annual or YTD performance (Fund) RUSSELL 2500 NR HD€	Annual or YTD performance (Bench.)
Low	High

## CODES		

### Class A		Class D ISIN	LU1605740890	LU1605740973

### Bloomberg	PRWBEMA LX	PEWSEMD LX

### NAV	EUR 16.01	EUR 16.01
Cumulative
NET PERFORMANCE IN EUR	
Fund	Bench.

### YTD	16.00%	12.96%

### 1 month	-2.49%	-3.30%

### 3 months	-1.18%	-2.98%

### 1 year	46.37%	42.82%

### 3 years	36.66%	31.59%

### Total return (since 12.06.2017)	60.12%	55.10%
Annualized Fund	Bench.

### -	-

### -	-

### -	-

### -	-

### 10.90%	9.52%

### 11.50%	10.69%
STATISTICS 
12.06.2017 - 30.09.2021	
Fund	Bench.

### Annualised volatility	19.47%	20.87%

### Sharpe ratio	0.620.53

### Max. drawdown	-27.83%	-31.80%

### Correlation0.973

### Tracking error	4.85%
Fund

### Number of positions88

Translation (ENFR, 2021-09-30):
# POINTS CLÉS
PrivilEdge - William Blair US Small And Mid Cap vise à surclasser l’indice de référence Russell 2500 sur un cycle de marché complet en investissant dans des actions cotées de petites et moyennes capitalisations américaines de qualité. Le gestionnaire a recours à une analyse bottom-up fondamentale exclusive. L’accent est mis sur la qualité de la direction, la solidité des services financiers et la durabilité des modèles d’affaires des sociétés. Il s’agit d’un portefeuille de 65 à 95 positions, dont la plupart des valeurs représentent entre 1 % et 3 %. Les principales pondérations sectorielles représentent généralement entre 0,5 et 2,0 fois les pondérations de l’indice de référence. Le fonds affiche un horizon de placement moyen et une période de détention de 3 à 5 ans. Les positions relèvent principalement de la fourchette des capitalisations boursières de l’indice de référence au moment de l’achat.
PERFORMANCE NETTE ET PERFORMANCE ANNUELLE EN EUR 

### 12 juin 2017 - 30 sept. 2021
175 

### Liquidité (souscr./rbt.)	Quotidienne, 15:00 Inv. minimum		EUR 3'000

### Commission de gestion	0.95%

### Commission de distribution	0.00%

### FROC	0.25%

### TER max (30 septembre 2020)	1.22%
150
125
100
75
-10.84%
-12.79%
24.36%
23.53%

## PROFIL DE RISQUE
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

Faible	Elevé
2017	2018	2019	2020	2021
PrivilEdge - William Blair US Small and Mid Cap, Syst. Hdg, (EUR) M A / D Performance annuelle ou Année en cours (Fonds) RUSSELL 2500 NR HD€	Performance annuelle ou Année en cours (Indice)

## CODES	

### Classe A	Classe D

### ISIN	LU1605740890	LU1605740973
|  | 1 mois | -2.49% | -3.30% |  |  | - | - |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Valeur Liquidative | EUR 16.01 | EUR 16.01 | 3 mois | -1.18% | -2.98% |  |  | - | - |
|  |  |  | 1 an | 46.37% | 42.82% |  |  | - | - |
|  |  |  | 3 ans | 36.66% | 31.59% |  |  | 10.90% | 9.52% |
|  |  |  | Perf. totale (depuis 12.06.2017) | 60.12% | 55.10% |  |  | 11.50% | 10.69% |
|  |  |  | STATISTIQUES  12.06.2017 - 30.09.2021 | Fonds | Indice |  |  |  | Fonds |
|  |  |  | Volat. annualisée | 19.47% | 20.87% |  | Nombre de positions |  | 88 |
|  |  |  | Ratio de Sharpe | 0.62 | 0.53 |  |
|  |  |  | Baisse maximum | -27.83% | -31.80% |
|  |  |  | Corrélation |  | 0.973 |
|  |  |  | Tracking Error |  | 4.85% |


### Bloomberg	PRWBEMA LX	PEWSEMD LX
Cumulée
PERFORMANCE NETTE EN EUR	
Fonds	Indice

### Année en cours	16.00%	12.96%
Annualisée
Fonds	Indice

### -	-