# HIGHLIGHTS
PrivilEdge – Franklin Flexible Euro Aggregate Bond fund is an actively managed strategy mainly investing in bonds denominated in euros issued by European and non-European investment grade governments and corporates. It is benchmarked against the Bloomberg Barclays Euro Aggregate index. The fund uses a flexible approach versus the benchmark and may invest up to 20% in high yields bonds from governments or corporates and up to 30% in other European currencies or bonds issued in other European currencies. The fund is managed by Franklin Templeton, a global asset manager founded in 1947. The core of the process is based on a mix of top-down and bottom-up approaches. The portfolio manager uses inputs from the Global Fixed Income Policy Committee to implement top-down views while mainly using bottom-up ideas from a dedicated European fixed income team.
NET PERFORMANCE AND ANNUAL PERFORMANCE IN EUR 

### May 15, 2017 - Sep 30, 2021

### Net assets (all classes)	EUR 82.97 million

### Liquidity (sub./red.)	Daily, 15:00 Swinging Single Pricing		Yes

### Min. investment	EUR 3'000

### Management fee	0.45%

### Distribution fee	0.40%

### FROC	0.25%
110
105
100
-1.68%
-2.76%
-2.29%

### TER max (30 September 2020)	1.11%
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |


## RISK AND REWARD PROFILE
95 
2017	2018	2019	2020	2021
PrivilEdge - Franklin Flexible Euro Aggregate Bond, (EUR) P A / D	Annual or YTD performance (Fund) Bloomberg Barclays Euro Aggregate EUR	Annual or YTD performance (Bench.)
| Low |  | High |
| --- | --- | --- |
| CODES | Class A | Class D |
| ISIN | LU1605720355 | LU1605720439 |
| Bloomberg | PEFFEPA LX | PREABPE LX |
| NAV | EUR 10.84 | EUR 10.84 |
| RATINGS |  |  |
| Morningstar Rating |  |  |

Cumulative	Annualized
| NET PERFORMANCE IN EUR | Fund | Bench. |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- |
| YTD | -2.76% | -2.29% |  | - | - |
| 1 month | -0.58% | -1.07% |  | - | - |
| 3 months | -0.06% | -0.00% |  | - | - |
| 1 year | 1.11% | -1.06% |  | - | - |
| 3 years | 10.09% | 8.68% |  | 3.24% | 2.80% |
| Total return (since 15.05.2017) | 8.38% | 9.69% |  | 1.85% | 2.12% |
| STATISTICS  15.05.2017 - 30.09.2021 | Fund | Bench. |  |  | Fund |
| Annualised volatility | 3.85% | 3.32% |  | Average coupon | 1.35% |
| Sharpe ratio | 0.60 | 0.78 |  | Average rating | A- |
| Max. drawdown | -5.59% | -3.86% |  | Effective duration | 3.85 |
| Correlation |  | 0.838 |  | Modified duration | 3.91 |
| Tracking error |  | 2.10% |  | Yield to worst | 0.94% |
|  |  |  |  | Yield to maturity | 1.14% |
|  |  |  |  | Number of positions | 96 |
|  |  |  |  | Option adjusted spread (OAS) | 92 |
|  |  |  |  | Non Government Bonds | 55.99% |

Translation (ENFR, 2021-09-30):
# POINTS CLÉS
Le Fonds PrivilEdge - Franklin Flexible Euro Aggregate Bond est une stratégie à gestion active qui investit principalement dans des obligations libellées en euros émises par des gouvernements et entreprises investment-grade européens et non européens. Son indice de référence est l’indice Bloomberg Barclays Euro Aggregate. Le fonds applique une approche flexible par rapport à l’indice de référence et peut investir jusqu’à 20 % dans les obligations à haut rendement émises par des gouvernements ou des entreprises et jusqu’à 30 % dans d’autres devises européennes ou des obligations émises dans d’autres devises européennes. Le fonds est géré par Franklin Templeton, une société de gestion internationale fondée en 1947. Le processus met fortement l’accent sur une combinaison d’approches top-down et bottom-up. Le gérant de portefeuille utilise les données générées par le Global Fixed Income Policy Committee pour mettre en œuvre les opinions top-down tout en utilisant principalement les opinions bottom-up du service Obligations Europe dédié.

### Franklin Templeton Investment Management Limited
PERFORMANCE NETTE ET PERFORMANCE ANNUELLE EN EUR 

### 15 mai 2017 - 30 sept. 2021
110
105
| Encours (toutes classes) Liquidité (souscr./rbt.) | EUR 82.97 millions Quotidienne, 15:00 |
| --- | --- |
| Swinging Single Pricing | Oui |
| Inv. minimum | EUR 3'000 |
| Commission de gestion | 0.45% |
| Commission de distribution | 0.40% |
| FROC | 0.25% |
| TER max (30 septembre 2020) | 1.11% |

100
-1.68%
-2.76%
-2.29%

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

Faible	Elevé
95 
2017	2018	2019	2020	2021
PrivilEdge - Franklin Flexible Euro Aggregate Bond, (EUR) P A / D	Performance annuelle ou Année en cours (Fonds) Bloomberg Barclays Euro Aggregate EUR	Performance annuelle ou Année en cours (Indice)
|  | PERFORMANCE NETTE EN EUR | Fonds | Indice |  | Fonds | Indice |
| --- | --- | --- | --- | --- | --- | --- |
| ISIN | LU1605720355 | LU1605720439 | Année en cours | -2.76% | -2.29% |  | - | - |
| Bloomberg | PEFFEPA LX | PREABPE LX | 1 mois | -0.58% | -1.07% |  | - | - |

| 3 mois | -0.06% | -0.00% |  |  | - | - |
| --- | --- | --- | --- | --- | --- | --- |
| 1 an | 1.11% | -1.06% |  |  | - | - |
| 3 ans | 10.09% | 8.68% |  |  | 3.24% | 2.80% |


## CODES	

### Classe A	Classe D
Cumulée
Annualisée

### Valeur Liquidative	EUR 10.84	EUR 10.84
| NOTATION |  | Perf. totale (depuis 15.05.2017) | 8.38% | 9.69% |  | 1.85% | 2.12% |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morningstar Rating |  |  |  |  |  |  |  |
|  |  | STATISTIQUES  15.05.2017 - 30.09.2021 | Fonds | Indice |  |  | Fonds |
|  |  | Volat. annualisée | 3.85% | 3.32% |  | Coupon moyen | 1.35% |
|  |  | Ratio de Sharpe | 0.60 | 0.78 |  | Note de crédit moyenne | A- |
|  |  | Baisse maximum | -5.59% | -3.86% |  | Effective duration | 3.85 |
|  |  | Corrélation |  | 0.838 |  | Duration modifiée | 3.91 |
|  |  | Tracking Error |  | 2.10% |  | Yield to worst | 0.94% |
|  |  |  |  |  |  | Rendement à l'échéance | 1.14% |
|  |  |  |  |  |  | Nombre de positions | 96 |
|  |  |  |  |  |  | Option adjusted spread (OAS) | 92 |
|  |  |  |  |  |  | Oblig. non gouvern. | 55.99% |