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La Banque Postale Asset Management 34, rue de la Fédération – 75737 Paris Cedex 15 www.labanquepostale-am.fr Sales contact: +33 (0)1 57 24 21 13 – [email protected] Investment strategy Our investment philosophy aims to outperform its benchmark in a SRI approach. Within a universe of 330 main companies in the Eurozone, we select 120 best in class companies based on environmental, social and governance criteria. Defense sector is excluded. Within this selection, we look for large stocks in view of their intrinsic quality, their capacity to generate income growth and their valuation potential to peach a selection of around 80 stocks. Fund Characteristics Inception date: � � � � � � � � � � � � � � � � 11/05/2001 Date of 1 st NAV of the unit:� � � � 01/14/2010 Last benchmark change: � � � � � � 03/23/2006 Minimum recommended investment period: � � � � � � � � � � � � 5 years and over AMF classification: � � � � � � � � � � � � � European Economic Community Equities EuroPerformance category: � � � Euro Equities – general Management company: � � � � � � � La Banque Postale AM Custodian: ��������������������� Caceis Bank France Valuation Valuation frequency: � � � � � � � � � � Daily Valuation type: � � � � � � � � � � � � � � � � Closing price ISIN code share I: � � � � � � � � � � � � � FR0010842385 Ticker Bloomberg share I: � � � � � LBPRESI FP NAV publication: � � � � � � � � � � � � � � www.labanquepostale-am.fr Valuation Agent:� � � � � � � � � � � � � � � Caceis Fund Administration Subscriptions and redemptions Closing time for centralisation with custodian bank: � � � � � � � � � � 1:00 PM Closing time for placing of order with La Banque Postale: 12:15 AM Order processed at: � � � � � � � � � � � Unknown price Settlement/delivery:� � � � � � � � � � � D+2 Placing of order: � � � � � � � � � � � � � � � With your usual account holder Minimum initial subscription: €1,000,000 Decimalisation: � � � � � � � � � � � � � � � � 1/100,000 th of a share Fees Fixed management fees: � � � � � � 0.70% of net assets incl. tax Maximum management fee: � � 1.20% of net assets incl. tax Variable management fee: � � � � Nil Ongoing charge: � � � � � � � � � � � � � � 0.78% incl. tax Subscription fee: � � � � � � � � � � � � � � Nil Redemption fee: � � � � � � � � � � � � � � � Nil Reporting for professionals investors only. Non-contractual document. Full prospectus and latest update document available on request from LBPAM or from website. Past performance does not guarantee future performances. They may fluctuate. Performance figures as at 30 June 2017 Risk indicators* Monthly Comments ■ Cumulative performances YTD 1 month 6 months 1 year 3 years 5 years Fund 9.28% -2.58% 9.28% 23.53% 20.40% 65.98% Benchmark 8.42% -2.61% 8.42% 24.62% 22.75% 86.06% Outperformance 0.86% 0.03% 0.86% -1.09% -2.35% -20.08% EuroPerformance ranking 43/129 83/130 43/129 61/125 58/106 34/90 ■ Annual performances 2016 2015 2014 2013 2012 Fund 1.84% 9.09% 1.94% 17.91% 20.95% Benchmark 4.15% 10.33% 4.14% 23.74% 19.34% Outperformance -2.31% -1.24% -2.20% -5.83% 1.61% EuroPerformance ranking 75/121 76/112 54/111 74/103 30/100 ■ Annualised performances (base 365) 3 years 5 years Fund 6.38% 10.65% Benchmark 7.06% 13.21% Outperformance -0.68% -2.56% Risk and return profile Lower risk Higher risk 1 2 3 4 5 6 7 Highest loss - 31.41% Start of highest loss 02/18/2011 End of highest loss 09/22/2011 Recovery period 596 days * Data calculated on a weekly basis. Source of data, UCITS: LBPAM, indicators: Thomson Reuters, ranking: EuroPerformance. Eurozone equity markets consolidated during June in the wake of the move in a less accommodative direction by the governors of the ECB and the BOE, who have cited the return of reflationary forces. In this context, the EuroStoxx closed the month down 2.61%. As regards sectors, only financials, benefiting from the increase in long-term rates, ended the month in the green. Conversely, telecoms, consumer staples, utilities and health care suffered the most, along with the petroleum sector, which was hurt by the drop in oil prices over the month. The main contributor to performance over the month was the stock picking, thanks notably to our overweighting of OMV, Kering, Michelin and the absence of Anheuser-Busch Inbev. The fund also benefited from the underweighting of energy and the overweighting of insurance. On the other hand, it was penalised by its underweighting of banks and its overweighting of the retail sector. We made a number of switches during the month. In telecoms: the addition of Telefonica and the trimming of positions in Orange and Deutsche Telekom; in utilities, the sale of Veolia Environnement in favour of Acciona (renewable energy and water and waste treatment) and the reinforcement of Iberdrola (renewable energy); in industrials, the sale of Koné and the addition of Siemens, which offers a range of environmental solutions (energy efficiency, wind turbines, smart urban networks, railway equipment). The other main changes in June were the positions initiated in Alstria Office, STMicroelectronics, and Nokia. Conversely, we sold our positions in Heineken, Randstad, Sodexo and BASF. 30 June 2017 LBPAM RESPONSABLE ACTIONS EURO Euro Stoxx (dividends reinvested) 200 180 160 140 120 100 80 Performance (base 100) Jun 12 Jun 17 Jan 17 Aug 16 Mar 16 Oct 15 May 15 Dec 14 Jul 14 Feb 14 Sep 13 Apr 13 Nov 12 LBPAM RESPONSABLE ACTIONS EURO Euro Stoxx (dividends reinvested) Ahmed Kassmi Paul Merle 6 months 1 year 3 years 5 years Fund volatility 9.13% 11.89% 19.87% 15.98% Benchmark volatility 9.58% 12.72% 20.30% 16.17% Tracking error 2.00% 2.27% 2.03% 2.27% Sharpe ratio 2.17 2.01 0.33 0.67 Information ratio 0.94 -0.48 -0.34 -1.12 Beta - 0.92 0.97 0.98 Fund Size €307 million NAV (I share) €15,171.99
