Dorval Manageurs Smid Cap Euro
Choosing to support medium sized companies in the euro zone in a responsible and committed fashion
Key points
- Providing a response to the financial needs of companies in the euro zone
- Active and unconstrained management, framed by a rigorous socially responsible investment policy
- A fund eligible for the PEA
- This product promotes environmental or social characteristics but does not have as its objective a sustainable investment. It might invest partially in assets that have a sustainable objective, for instance qualified as sustainable according to the EU classification
- The fund is exposed to capital loss risk
I wish to be recalled to learn more
Evolution of performance
4/24/24 - 4/24/24
Past performances are no guarantee of future performances. The performance calculations are net earned dividends reinvested for the UCITS. The performance calculations for the benchmark indicator are reinvested net earned dividends.
Performance scenarios
This document is intended to present the performance scenarios displayed in the PRIIPS KID on a monthly basis. The figures shown include all costs of the product itself, but not necessarily all fees due to your advisor or distributor. These figures do not take into account your personal tax situation, which may also affect the amounts you receive. The tax laws of the retail investor's home Member State may affect the actual amounts paid. What you will get from this product depends on future market performance. Market performance is random and cannot be accurately predicted. The unfavorable, intermediate and favorable scenarios presented are illustrations using the best and worst performance, as well as the median performance of the fund over the past ten years. Markets could move very differently in the future. The stress scenario shows what you could get in extreme market situations. Retail investors may lose some or all of the amount invested. The performance scenarios have been developed in accordance with current regulatory requirements. However, they do not constitute a commitment on the part of Dorval Asset Management and cannot prejudge the actual performance of the product. The amounts shown in euros represent an average annual return.
| Recommended investment period: years Example of investment : Scenarios Select... | If you get out after 1 year | If you get out after years | |
|---|---|---|---|
| Minimum | There is no guaranteed minimum return. You could lose all or part of your investment. | ||
| Tensions | What you could get after deducting costs Average annual yields | ||
| Unfavorable | What you could get after deducting costs Average annual yields | ||
| Intermediate | What you could get after deducting costs Average annual yields | ||
| Favorable | What you could get after deducting costs Average annual yields | ||
The essential
- INVESTMENT UNIVERSEEurozone small and midcap markets
- BENCHMARK INDEXMSCI EMU Mid Cap DNR (net dividends reinvested)
- MINIMUM RECOMMENDED INVESTMENT HORIZON5 years
Performances
Performances net of management fees
Past performances are no guarantee of future performances. The performance calculations are net earned dividends reinvested for the UCITS. The performance calculations for the benchmark indicator are reinvested net earned dividends.
Learn more
The fund seeks to assist and support companies in the euro zone and to capture their growth potential over the long term. To this end, the fundamental analysis of eligible companies is combined with an approach to environmental, social and governance (ESG) opportunities and risks.
Providing a response to the financial needs of medium sized companies in the euro zone and capturing their growth potential
Among the securities of the euro zone, Dorval Manageurs Smid Cap Euro favours medium sized companies, with particular attention to company valuations, by focusing on securities that combine growth prospects together with a reasonable growth prospect. Moreover, given that performance meets expectations when the manager company combination is functioning, a complementary analysis is carried out, based on qualitative and quantitative criteria relating to the senior manager, the senior management team and the governance bodies.
Active and unconstrained management, framed by a rigorous socially responsible investment policy
The construction and management of the portfolio combines a financial and extra financial approach and are based on:
- Identification of investment themes considered to have higher potential, i.e. favourable in both the major trends and in the economic and financial context.
- A selection of securities within these investment themes, supplemented by securities selected for their own interest and meeting the criteria defined by Dorval AM.
- A breakdown of these securities in the portfolio, based on a proprietary rating methodology established using the same criteria and moreover combining financial and extra financial analyses as well as an analysis of the ''senior managers/companies'' combination.
Information concerning the methodology and data relating to extra-financial analysis are available in the SRI policy and the Code of transparency of Dorval Asset Management available here.
A fund eligible for the PEA
Through the construction of its portfolio, Dorval Manageurs Smid Cap Euro is in line with the criteria of the Equity Savings Plan (PEA) by investing up to 75% minimum in French and European equities.
One last question ?
- The pandemic crisis has put the human dimension resolutely at the heart of corporate strategies, as companies have had to adapt swiftly to protect their employees, safeguard their skills and further pursue their digitalization. From a short-term perspective, small- and mid-caps should benefit from: From a more structural standpoint, small- and mid-caps have traditionally outperformed large-caps on the back of a twofold performance driver i.e. earnings growth outstrips the pace for large-caps, while as investors get to know the company, valuations are also buoyed.
- "Mankind is the only true source of wealth", according to economist Jean Bodin, and we have built our Dorval Manageurs Smid Cap Euro fund on the same observation: performances are strong when the manager-company tandem works well. Our analysis had already focused on corporate governance, and we have now extended this approach to take on board environmental and social issues. Over the long term, the assessment of environmental, social and governance criteria is set to become a third performance driver. Small- and mid-caps did not yet stand on a par with large-caps in this respect, but this is changing as both companies and investors take the full measure of this dimension. As the world seeks out responsible and sustainable solutions, supporting the development of French and European SMEs and mid-sized firms is now truly relevant.
Warnings
The information provided is neither contractual in nature nor serves as investment advice.
Past performance is no indicator of future performance. Capital invested is not guaranteed. It is advisable to follow the minimum recommended investment horizon. The characteristics, risks and charges concerning this investment are detailed in the fund prospectus, which is available free of charge from the asset management company.
The tax treatment depends on each client's situation and is subject to change at a later date. Each mutual fund may not be suitable for all investors. The risks of investing in a mutual fund are described in the Prospectus for this mutual fund, which can be downloaded from this site. Dorval Asset Management invites the individuals concerned to familiarise themselves with it.
Dorval Asset Management may not be held liable for any decision taken or not taken based on information contained in this document, or for how it may be used by a third party.
The investor must be given the Key Investor Information Document before subscribing.
Pursuant to provisions in Council Regulation (EU) No 833/2014, the purchase of units/shares in Dorval Asset Management’s funds is prohibited for all Russian and Belarusian nationals, as well as any individuals who are resident in Russia or Belarus and any legal person, entity or body established in Russia or Belarus, apart from nationals of a Member State and individuals holding a temporary or permanent residence permit in a Member State.