investor equities short report 2 2014

1
Investor Equities Sicav-FIS MONTHLY UPDATE (short version) end February 2014 Top Holdings Country Weightings Performance In February the net asset value of Investor Equities increased by 3.7% to 214.45 euros 214.45 euros 214.45 euros 214.45 euros per share. The best performers last month were IMA IMA IMA IMA (+17%), Revenio Group Revenio Group Revenio Group Revenio Group (+17%) and Pharmagest Interactive Pharmagest Interactive Pharmagest Interactive Pharmagest Interactive (+16%). Catering Inter- Catering Inter- Catering Inter- Catering Inter- national Services national Services national Services national Services (-12%) and Advanced Medical Solutions Advanced Medical Solutions Advanced Medical Solutions Advanced Medical Solutions (-9%) were the weakest performers. As in previous month, we increased the position in MPI MPI MPI MPI because of its attractive valuation. Its main subsidiary, the Nigerian oil company Seplat, announced good revenue growth. Part of the cash position was used to buy shares of Dr. Hönle Dr. Hönle Dr. Hönle Dr. Hönle , Walter Walter Walter Walter Meier Meier Meier Meier, Byggmax Byggmax Byggmax Byggmax and Dunelm Dunelm Dunelm Dunelm. Walter Meier announced the sale of its humidification business and a major share buyback. Because of the increased valuation, we partially took profits on IMA IMA IMA IMA, Pharmagest Interactive Pharmagest Interactive Pharmagest Interactive Pharmagest Interactive and SimCorp SimCorp SimCorp SimCorp. Fund Manager Jan Vantomme Fund Manager Bruno Toye Contact: Investor Asset Management BVBA Investor Asset Management BVBA Investor Asset Management BVBA Investor Asset Management BVBA Meersbloem-Melden 46a B-9700 Oudenaarde T. +32 (0) 55 612 154 / F. +32 (0) 55 612 122 E-mail: [email protected] www.investor-am.com Fund Administration - Subscriptions: European Fund Administration European Fund Administration European Fund Administration European Fund Administration P.O Box 1725, Rue d’Alsace, 2, L-1017 Luxembourg Mrs. Sonia Cervellera T. +352 48 48 80 492 / F. +352 48 65 61 8002 Disclaimer: All information in this document is for informational purposes only and shall in no way be intended as advice Investor Asset Management Bvba, Manager of Lux-Investment Porfessionals (LIP) SICAV-FIS SA - Investor Equities. LIP Investor Equities is a "société d'investissement à capital variable" (investment company with variable capital, abbreviated SICAV) under Luxembourg law, in the form of a “société anonyme” (abbreviated SA) and the prospectus is accredited by the “Commission de Surveillance du Secteur Financi- er” (CSSF), the Luxembourg supervisory authority on 02/12/2013 (VISA 2013/92301-7718-0-PC). L.I.P has been registered as “gestionnaire d’un fonds d’investissement alternatif” following the law of Luxembourg of 12/07/2013 on alternative funds with register number OPC.14/1260-NBE/SPR since 13/08/2013. This prospectus is in accordance with the Luxembourg law of the 13th of February 2007 on "Fonds d'Investissement Spécialisé (FIS)”. This offer is only for "well informed investors" under Article 1 of the Luxembourg Law of 13 February 2007 on the "FIS". This offer is not public in nature, in accordance with the Belgian law of 20 July 2004 on certain forms of collective management of investment portfolios and is not subject to the publication of a prospectus approved by the FSMA (formerly CBFA) as the law of June 16th 2006 prescribes. The minimum investment for Belgian residents is 250,000 Euros in accordance with Article 5, §1, 4° of the “ICB”-Law of August 3, 2012. Individuals or institutions who invest in the fund are requested to take note of and to comply with the contents of the prospectus. For more information, see the relevant legal documentation, which is available without charge upon request at Lux-Investment Professionals SICAV-FIS SA, 2 Place de Metz L-1930 Luxembourg. Past performance is no guarantee for the future and the investor runs the risk to lose the amount originally invested. Disclaimer LIPPER: 5 Lipper Leaders: within the top 10% of similar funds in risk-weighted return over 5 years. The rating of 5 stars of L.I.P Investor Equities is for the Total Return (and reflects fund historic total return performance relative to peers) and Preservation and Expense. The rating for Consistent Return is 4 stars. Lipper Ratings for Consistent Return reflect fund historical risk-adjusted returns relative to peers. Lipper Ratings for Preservation are relative, rather than absolute. Lipper Ratings for Expense reflect fund expense minimiza- tion relative to peers. Lipper Ratings DO NOT take into account the effects of sales charges. Overall Ratings are based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable). Lipper Ratings and Lipper Classifications do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. As a result, you should not make an investment decision on the basis of this information. Rather, you should Fund Manager Comment Profile Investor Equities invests prima- rily in European equities, with a focus on small and mid caps. Fund Facts Name: Lux-Investment Professionals SICAV-FIS S.A. Name compartment: Investor Equities Net Asset Value: A - 214.45 EUR 214.45 EUR 214.45 EUR 214.45 EUR D - 133.44 EUR 133.44 EUR 133.44 EUR 133.44 EUR Type: capitalisation (A) or distribution (D) ISIN code: LU0349406651 Bloomberg code: LUXINVA LX Domicile: Luxembourg Fund currency: EUR Subscription/redemption fee: 0% Management fee: 1% Performance fee: 1/5 th of the total return in excess of 10% with high water mark Launch date: April 30 th 2008 Initial Net Asset Value (’NAV’): 100 EUR Fund size: 58.92 million EUR Frequency of calculation NAV: monthly Technical Facts Investment Manager: Investor Asset Manage- ment BVBA Custodian: Banque et Caisse d’Epargne de l’Etat, Luxembourg (BCEE) Fund Administration: European Fund Admi- nistration (EFA) Auditor: Ernst & Young Min. initial subscription: 125,000 EUR (for Belgian citizens: 250,000 EUR) Name Activity % IMA processing and packaging machinery (IT) 8.1% MPI oil exploration (FR) 7.3% Advanced Medical Solutions wound care products (GB) 5.8% Conygar Investment Co. real estate company (GB) 5.1% Byggmax discount DIY retailer (SE) 4.8% SimCorp software for asset managers (DK) 4.2% Country % France 9.5% Germany 9.9% Austria 5.7% Switzerland 5.4% Denmark 4.2% Sweden 12.3% Finland 1.5% Italy 9.0% United Kingdom 20.0% Cash 22.6% 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 210 220 230 2008 2009 2010 2011 2012 2013 2014 Investor Equities -A- Eur Stoxx 600 return 2014 1 year 3 year 5 year since launch (per annum) Investor Equities 5.7% 26.8% 40.7% 222.6% 14.2% Stoxx 600 return 3.3% 19.9% 29.3% 127.3% 3.9% excess return 2.4% 6.9% 11.4% 95.2% 10.2%

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Page 1: Investor equities short report 2 2014

Investor Equities Sicav-FIS

MONTHLY UPDATE (short version) end February 2014

Top Holdings Country Weightings

Performance

In February the net asset value of Investor Equities increased by 3.7% to 214.45 euros214.45 euros214.45 euros214.45 euros per share.

The best performers last month were IMAIMAIMAIMA (+17%), Revenio Group Revenio Group Revenio Group Revenio Group (+17%) and Pharmagest Interactive Pharmagest Interactive Pharmagest Interactive Pharmagest Interactive (+16%). Catering Inter-Catering Inter-Catering Inter-Catering Inter-

national Services national Services national Services national Services (-12%) and Advanced Medical SolutionsAdvanced Medical SolutionsAdvanced Medical SolutionsAdvanced Medical Solutions (-9%) were the weakest performers.

As in previous month, we increased the position in MPIMPIMPIMPI because of its attractive valuation. Its main subsidiary, the Nigerian oil

company Seplat, announced good revenue growth. Part of the cash position was used to buy shares of Dr. Hönle Dr. Hönle Dr. Hönle Dr. Hönle , Walter Walter Walter Walter

MeierMeierMeierMeier, ByggmaxByggmaxByggmaxByggmax and DunelmDunelmDunelmDunelm. Walter Meier announced the sale of its humidification business and a major share buyback.

Because of the increased valuation, we partially took profits on IMAIMAIMAIMA, Pharmagest Interactive Pharmagest Interactive Pharmagest Interactive Pharmagest Interactive and SimCorpSimCorpSimCorpSimCorp.

Fund Manager

Jan Vantomme

Fund Manager

Bruno Toye

Contact: Investor Asset Management BVBAInvestor Asset Management BVBAInvestor Asset Management BVBAInvestor Asset Management BVBA

Meersbloem-Melden 46a B-9700 Oudenaarde

T. +32 (0) 55 612 154 / F. +32 (0) 55 612 122 E-mail: [email protected]

www.investor-am.com

Fund Administration - Subscriptions: European Fund AdministrationEuropean Fund AdministrationEuropean Fund AdministrationEuropean Fund Administration

P.O Box 1725, Rue d’Alsace, 2, L-1017 Luxembourg

Mrs. Sonia Cervellera T. +352 48 48 80 492 / F. +352 48 65 61 8002

Disclaimer: All information in this document is for informational purposes only and shall in no way be intended as advice Investor Asset Management Bvba, Manager of Lux-Investment Porfessionals (LIP) SICAV-FIS SA - Investor Equities. LIP Investor Equities is a "société d'investissement à capital variable" (investment company with variable capital, abbreviated SICAV) under Luxembourg law, in the form of a “société anonyme” (abbreviated SA) and the prospectus is accredited by the “Commission de Surveillance du Secteur Financi-er” (CSSF), the Luxembourg supervisory authority on 02/12/2013 (VISA 2013/92301-7718-0-PC). L.I.P has been registered as “gestionnaire d’un fonds d’investissement alternatif” following the law of Luxembourg of 12/07/2013 on alternative funds with register number OPC.14/1260-NBE/SPR since 13/08/2013.

This prospectus is in accordance with the Luxembourg law of the 13th of February 2007 on "Fonds d'Investissement Spécialisé (FIS)”. This offer is only for "well informed investors" under Article 1 of the Luxembourg Law of 13 February 2007 on the "FIS". This offer is not public in nature, in accordance with the Belgian law of 20 July 2004 on certain forms of collective management of investment portfolios and is not subject to the publication of a prospectus approved by the FSMA (formerly CBFA) as the law of June 16th 2006 prescribes. The minimum investment for Belgian residents is 250,000 Euros in accordance with Article 5, §1, 4° of the “ICB”-Law of August 3, 2012. Individuals or institutions who invest in the fund are requested to take note of and to comply with the contents of the prospectus. For more information, see the relevant legal documentation, which is available without charge upon request at Lux-Investment Professionals SICAV-FIS SA, 2 Place de Metz L-1930 Luxembourg. Past performance is no guarantee for the future and the investor runs the risk to lose the amount originally invested.

Disclaimer LIPPER: 5 Lipper Leaders: within the top 10% of similar funds in risk-weighted return over 5 years. The rating of 5 stars of L.I.P Investor Equities is for the Total Return (and reflects fund historic total return performance relative to peers) and Preservation and Expense. The rating for Consistent Return is 4 stars. Lipper Ratings for Consistent Return reflect fund historical risk-adjusted returns relative to peers. Lipper Ratings for Preservation are relative, rather than absolute. Lipper Ratings for Expense reflect fund expense minimiza-tion relative to peers. Lipper Ratings DO NOT take into account the effects of sales charges. Overall Ratings are based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable). Lipper Ratings and Lipper Classifications do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. As a result, you should not make an investment decision on the basis of this information. Rather, you should

Fund Manager Comment

Profile

Investor Equities invests prima-rily in European equities, with a

focus on small and mid caps.

Fund Facts

• Name: Lux-Investment Professionals SICAV-FIS

S.A.

• Name compartment:

Investor Equities

• Net Asset Value:

A - 214.45 EUR214.45 EUR214.45 EUR214.45 EUR

D - 133.44 EUR133.44 EUR133.44 EUR133.44 EUR

• Type: capitalisation (A) or

distribution (D)

• ISIN code:

LU0349406651

• Bloomberg code:

LUXINVA LX

• Domicile: Luxembourg

• Fund currency: EUR

• Subscription/redemption

fee: 0%

• Management fee: 1%

• Performance fee: 1/5th of the total return in excess of 10% with high

water mark

• Launch date:

April 30th 2008

• Initial Net Asset Value

(’NAV’): 100 EUR

• Fund size:

58.92 million EUR

• Frequency of calculation

NAV: monthly

Technical Facts

• Investment Manager: Investor Asset Manage-

ment BVBA

• Custodian: Banque et Caisse d’Epargne de l’Etat, Luxembourg

(BCEE)

• Fund Administration: European Fund Admi-

nistration (EFA)

• Auditor: Ernst & Young

• Min. initial subscription: 125,000 EUR (for Belgian

citizens: 250,000 EUR)

Name Activity %

IMA processing and packaging machinery (IT) 8.1%

MPI oil exploration (FR) 7.3%

Advanced Medical Solutions wound care products (GB) 5.8%

Conygar Investment Co. real estate company (GB) 5.1%

Byggmax discount DIY retailer (SE) 4.8%

SimCorp software for asset managers (DK) 4.2%

Country %

France 9.5%

Germany 9.9%

Austria 5.7%

Switzerland 5.4%

Denmark 4.2%

Sweden 12.3%

Finland 1.5%

Italy 9.0%

United Kingdom 20.0%

Cash 22.6%

50

60

70

80

90

100

110

120

130

140

150

160

170

180

190

200

210

220

230

2008 2009 2010 2011 2012 2013 2014

Investor Equities -A- Eur Stoxx 600 return

2014 1 year 3 year 5 year

since launch

(per annum)

Investor Equities 5.7% 26.8% 40.7% 222.6% 14.2%

Stoxx 600 return 3.3% 19.9% 29.3% 127.3% 3.9%

excess return 2.4% 6.9% 11.4% 95.2% 10.2%