The mutual funds Montsegur Perspectives aims to provide management of a European Community stocks portfolio, outside of all criteria referring to a market index. The selection of equities relies on GARP (Growth At Reasonable Price) methodology.

These shares are chosen outside of all criteria of membership to a specific market index, including small and mid caps.

Equity portfolio key points

1-Shares

The fund will hold at all times at least 75% of its assets in European equities. The portfolio particularly favours large European capitalisations that are very active.

Certain forward financial instruments may be used in order to hedge the portfolio against a risk of a fall in the equity market as well as reducing volatility.

2- Money Market Products

This reserve of cash allows to step in to markets to initiate or to defend an investment, as well as meeting eventual client buybacks. The Fund uses monetary mutual funds and short term treasury bonds (State or Private), as long as they at least rate BBB.

Characteristics

• Code ISIN : FR0010109140
• Pricing frequency : daily, except public holidays
• Initial net asset value : 100 €
• Minimum subscription amount : one thousandth
• Date of creation : 03/09/2004
• Depositary : CM-CIC SECURITIES
• Conditions of subscriptions and redemptions : The subscriptions and redemption orders are centralised through CM-CIC Securities until 11:00am and are executed on the closing price.
• Classification : European Community equity portfolio
• Taxation System : The Fund is eligible for Saving Equity Plan (PEA).