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SFS Sycomore Europe Happy @ Work

ISR
Towards Sustainability
SFDR
Art.
9
1
Sustainable Inv. Exposure
100%
A
SRI risk profile
4
1
Sustainable investment objective
A
Excluding money market funds, cash and derivatives
NAV as of 12.19.2024
€ 182.67
YTD performance
+12.58 %
See latest report
SFS Sycomore Europe Happy @ Work

A responsible selection of people-driven European companies

Sycomore Europe Happy@Work invests in European companies that pay particular attention to the importance of human capital as a key performance driver. The fund seeks to contribute positively to the human capital issues highlighted in the United Nations’ Sustainable Development Goals. Stocks are selected on the basis of rigorous fundamental analysis combined with in-depth ESG research, focusing on a company’s ability to promote employee fulfillment and engagement, using a proprietary assessment framework. The analysis draws from the experience and knowledge of field experts, human capital managers and employees. Fund managers also carry out on-site visits. The fund seeks to outperform the Euro Stoxx TR index over 5 years.

Asset class
Equities
Region
Europe / Eurozone
Market capitalisation size
All caps
SRI labels
Yes
ISIN code
LU1301026206
Legal form
Sub-fund of Sycomore Fund Sicav
Inception date
November 4, 2015
Benchmark
EURO STOXX Net Return EUR
Investment horizon
5 years
Risk of capital loss
Yes
The labels were created to help investors identify sustainable and responsible products. They are designed as a guide for investors but guarantee neither the capital invested, nor the quality of the investment process applied to the funds. For a summary of investor rights and directives relating to individual or collective action, we recommend you read the fund's prospectus and the key investor information document, as well as our Complaints Handling policy. Sycomore AM Sycomore AM may choose to discontinue the marketing of its UCITs in compliance with article 93b of 2009/65/EC directive and article 32b of directive 2011/61/UE.

Track record

Export the performance history
SFS Sycomore Europe Happy @ Work I
€ 182.67
EURO STOXX Net Return EUR
1,126.95
Export the performance history
SFS Sycomore Europe Happy @ Work I
EURO STOXX Net Return EUR
Past performance is no guide to future returns. The fund offers no performance or yield guarantees and carries a risk of capital loss. For a summary of investor rights and directives relating to individual or collective action, we recommend you read the fund's prospectus and the key investor information document, as well as our Complaints Handling policy. Sycomore AM may choose to discontinue the marketing of its UCITs in compliance with article 93b of 2009/65/EC directive and article 32b of directive 2011/61/UE.
Cyril Charlot

As the market rose sharply, the fund generated positive returns while underperforming the benchmark. ASML and STMicroelectronics surged as their 2023 estimates become more realistic. Saint-Gobain and Schneider Electric also increased after reporting a solid quarter.  Conversely, Salesforce and Palo Alto underperformed as the sector shows signs of weakness, although the mid-to-long term trend is solid.  Acciona Energia and ERG fell as investors digest the potential price cap impact. During the month, we increased the financial sector weight and reinforced stocks with attractive upsides (BMW, Puma). We also took profits on SAP and ASML which rebounded substantially. We observed several leading indicators pointing to a decline in inflation, which could bode well for the fund that is temporarily penalized by rising interest rates. Furthermore, Happy@Work companies have strong balance sheets and are more resilient if there is a recession.

Cyril Charlot

Founding Partner &
Contact
The investment team may change without notice.
Giulia Culot

Giulia Culot

Portfolio Manager
Contact
The investment team may change without notice.
Luca Fasan

Luca Fasan

Portfolio Manager
Contact
The investment team may change without notice.
Claire Mouchotte

Claire Mouchotte

SRI Analyst
Contact
The investment team may change without notice.

Performance as of 12.19.2024

Period
Funds
Benchmark
Period
December 2024
Funds
1.41%
Benchmark
2.21%
Period
2024
Funds
12.58%
Benchmark
10.3%
Period
1 year
Funds
13.06%
Benchmark
10.34%
Period
3 years
Funds
8.31%
Benchmark
18.23%
Period
5 years
Funds
37.67%
Benchmark
41.04%
Period
Inception
Funds
82.67%
Benchmark
75.65%
Period
Annualised
Funds
6.83%
Benchmark
6.37%

Characteristics

Classification

Capitalisation
Capitalisation
Fund currency
Euro
UCITS V
Yes
PEA Eligibility
Yes

Subscriptions & redemptions

Trades
Daily
NAV frequency
Daily
Centralising agent
BNPP Securities Services Luxembourg
Settlement
D+2

Management fees

Fixe fees
1%
Performance fees
20% above benchmark
Subscription fees
7% maximum
Redemption fees
nil
Transaction fees
nil

Risk indicator

1
2
3
4
5
6
7
Lower risk
Higher risk
The synthetic risk indicator gives an indication of the level of risk of this product compared to others. It shows how likely it is that this product will suffer losses if the markets fluctuate or if we are unable to pay you.

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For more information on our investment solutions, please contact us. We will be happy to answer all your questions.
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