Highest returns (month)

Equity - Top 5 Curr Return (€)

GrandVision EUR +32,9%

AB Inbev EUR +17,0%

Nokia EUR +12,9%

Applied Materials USD +12,4%

Koninklijke Vopak EUR +10,0%

Total number of positions 36

Bonds - Top 5 Curr Return (€)

Belgium 1,7% - 22/06/50 EUR +5,7%

IFC 7,5% - 09/05/22 BRL +5,7%

IBRD 11,75% - 04/11/20 BRL +5,2%

Fresenius 3% - 30/01/32 EUR +4,7%

IBRD 5,25% - 18/05/25 MXN +4,6%

Total number of positions 152

Monthly factsheet

Description of the fund

Econopolis Patrimonial Sustainable is a compartment of Econopolis Funds SICAV, a UCITS fund under Luxembourg law. The fund aims to deliver a long term return to investors via investments in equity, bonds and monetary instruments, without geographical restrictions and without restrictions concerning sector or currency allocation. The fund is aimed at investors with an investment horizon of more than 5 years.

Asset allocation

Currency allocation

Evolution NAV (class I-cap)

Maturity bond component

EUR

USD

NOK

CZK

GBP

CHF

Others 5,3%

1,0%

2,1%

3,0%

3,5%

23,2%

61,9%

0 - 1 y

1 - 3 y

3 - 5 y

5 - 7 y

7 - 10 y

+ 10 y 9,7%

5,3%

12,1%

25,0%

34,6%

13,3%

Others3,8%

Bonds79,4%

Cash1,1%

Equity15,7%

Monthly factsheet - Econopolis Patrimonial Sustainable Fund - Data as at 31/07/2019

Comments of the portfolio managers

Patrimonial Sustainable increased by 1,25% in July. Within the shares compartment, the optical chain GrandVision provided the main contribution. The share price rose in July by around 33% after a takeover bid by EssilorLuxottica. We sold the remaining positions in AholdDelhaize and Cisco. We are expecting a disappointing second quarter with AholdDelhaize due to the loss of sales and costs that are linked to the strike affecting supermarket chain Stop & Shop in the US. At Cisco, we saw limited upwards price potential after the strong pricing performance over the past two years. Even though market expectations for the company are not overly tense, after a previous profits warning, we reduced the weighting in the online travel group Booking Holdings as a precaution in the run-up to the results. The resources that were released were used to increase the positions in companies such as network specialist Arista Networks, frozen food company Nomad Foods, wind turbine producer Vestas and fertiliser company Yara. The bonds compartment had an excellent month thanks to ever falling interest rates. Long-term government bonds performed best but company bonds did well too. In June, we increased the duration and we continued to work on this throughout this month too. This involved the purchase of 30-year American government securities. In July, one of the riskiest bond positions in the portfolio expired, i.e. fruit and vegetable producer Greenyard. This bond was appropriately refunded but, given the deteriorating situation at Greenyard, we have not re-invested in the debt obligations for this company.

Econopolis Patrimonial Sustainable Fund31/07/2019

Returns

NAV class I-cap: 113,25 €

NAV class I-dis: 104,54 €

Net Asset Value (NAV)

Disclaimer: The graph illustrates the past performance of the fund. Past performance does not offer any guarantee for future performance. The performance is net of costs and fees. The fund was launched in February 2013. The performance is calculated in euro.

1 month: +1,25%

YTD: +5,35%

2018: -1,79%

2017: +0,86% 2016: +3,78%

2015: +1,94% 2014: +5,84%

98

101

105

108

112

115

19/02/13 31/07/2019

Monthly factsheet

Geographical allocation bondsEurope

North America

Emerging Europe

Supranational

Latin America

Middle East & Africa

Asia-Pacific 0,4%

0,7%

1,8%

3,6%

12,1%

18,9%

62,5%

Monthly factsheet - Econopolis Patrimonial Sustainable Fund - Data as at 31/07/2019

Econopolis Patrimonial Sustainable Fund31/07/2019

Geographical allocation equity

Europe

North America

Asia-Pacific

Emerging Europe

Latin America

Middle East & Africa 0,0%

0,0%

0,0%

0,0%

36,2%

63,8%

Split corporate and government bonds

Main characteristics bonds

Average rating: A

Current yield to maturity: 1,1 %

Average coupon yield: 2,3 %

Average maturity: 5,1 year

Duration: 4,2 year

Sector allocation equity

Consumer StaplesIT

IndustryHealth care

MaterialsConsumer Discretionary

EnergyFinancials

UtilitiesCommunication 2,1%

2,5%3,2%

5,2%6,1%

12,8%14,7%

16,6%17,9%

19,1%

Key facts and practical information

Compartment of: SICAV under Luxembourg law with European Passport

Risk profile: 1 - 2 - 3 - 4 - 5 - 6 - 7

Launch date: February 2013

Currency: EUR

ISIN Code I-class Capitalisation: LU0889925391

ISIN Code I-class Distribution: LU0889925474

Size: 113,5 million EUR

Investment horizon: 5 year

Shares: Capitalisation & Distribution

Subscription fee: Max. 3% depending on distributor

Redemption fee: Max. 3% depending on distributor

Subscription and redemption: Weekly on Monday before 12:00 pm

Management fee: 0,70%

Performance fee: Not applicable

NAV-reporting: www.fundsquare.net/homepage, Bloomberg, Reuters,…

Licensed in: Belgium, Switzerland, Luxembourg, Spain

WarningThe compartment is approved for distribution in Belgium, Luxembourg, Switzerland and Spain. The prospectus and essential investor information, KIID, are available on the website www.fundsquare.net, where the net asset value is also published. This document is a general document for a general public and is not based on information of the personal situation of the reader. There is no review of the knowledge and experience of the reader, neither of his financial situation or investment objectives. There are possibly financial instruments mentioned in this document that are not suitable nor appropriate for the reader. Therefore the document exclusively contains product information of the mentioned financial instruments and cannot be considered as investment advice.

Contact

Econopolis Wealth Management NV I Sneeuwbeslaan 20 bus 12 I 2610 Wilrijk I Tel. + 32 3 3 666 555 I fax + 32 3 3 666 466 I info@econopolis.be I www.econopolis.be Responsible editor : Geert Noels, Econopolis Wealth Management NV Distributor in Spain: Allfunds Bank, S.A. I Calle de la Estafeta 4 I 28109 Alcobendas, Madrid I Spain

Government bonds49,8%

Corporate bonds50,2%

Sustainability analysis

Average sustainability risk < 30 ✔No controversial names (controversy score > 3) ✔

Confirm with exclusion list Norwegian Pension Fund ✔Focus on Econoshock themes ✔