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Monthly Factsheet 29/05/2020Econopolis Patrimonial Emerging Fund

19 feb. 201325 apr. 2015

28 jun. 20171 sep. 2019

90

100

110

Evolution NAV (Class I - Cap)____________________________________

Bond Equity Cash

6,7%

27,8%

65,5%

Asset allocation_________________________________

NAV I-Cap: € 103,64

NAV I-Dis: € 85,74

Net asset value (NAV)_______________________________________

Returns:

Description of the fundEconopolis Patrimonial Emerging Fund is a compartment of Econopolis Funds SICAV, a Luxembourg UCITS. The fund aims to deliver a long term return to investorsvia instruments in equity, bonds and monetary instruments with a focus on emerging markets. International companies with a signi�cant or growing part of  theiractivities in emerging markets are also considered for the fund. The fund is able to adapt in a �exible way to macro-economic developments via a dynamic assetallocation

Comments of the portfolio managerMay was more or less a consolidation month after the enormous volatility of the two preceding months. Chinaproposed a new security law for Hong Kong, which is intended to restore stability after months of protest but whichalso hails the start of direct control by China. Although the most recent data from China looks more positive, theChinese government indicated that it would not realise the growth objectives for this year given the exceptionalsituation with COVID-19. In South Korea, a new ‘Green Deal’ stimulus programme was announced, with a clear focuson a movement away from fossil fuels. This, of course, plays into the hands of LG Chem, our battery producer forelectric cars. The batteries from LG Chem are used for both Hyundai and Kia Motors. Still in South Korea, SamsungElectronics announced that the management of the family-controlled conglomerate will not be transferred to thechildren and that attempts by the Samsung group to suppress union activity will come to an end. In a country likeSouth Korea, where the shares market has the unenviable reputation of offering a ‘Korea discount’ due to badgovernance practices from the past, this is an encouraging step towards greater transparency and accountability.The asset allocation will remain unchanged in the fund. On the bonds side, we observed further recovery in May. Alarge share of the currencies which have suffered in the past few months rebounded (MXN, ZAR, COP, RUB, etc.) TheBrazilian Real remained subdued, however, although there was some recovery towards the end of the month.

Monthly factsheet - Econopolis Patrimonial Emerging - Data per 29/05/2020

Disclaimer: the graph illustrates the past performance of the fund. Past performance does not offer any guarantee for future performance. The performance is net of cost and fees. The fund was launched in February 2013.The performance is calculated in euro. Standard deviation and Sharpe ratio are calculated on a weekly basis, over a 3 year period.

3,45%5,64%

3,26

Current yield to maturity:Average coupon yield:

Average maturity: yearAverage duration: year

4,33

Main characteristics bonds_____________________________________________

7,92%Std deviation:

-5,83%YTD:

1,37%1 month:

2018:

Sharpe ratio: -0,126

Czech Republic CZK 5,6%

World Bank Group/The RUB 5,0%

United Mexican States MXN 4,3%

Asian Development Bank INR 3,8%

Republic of Chile CLP 3,3%

Overview positions____________________________________________________

Top - 5 bond positions Currency % of total

0,010,010,01 11,2111,2111,21

2017:

%

Aberdeen Global-China A Share USD 2,1%

Naspers Ltd ZAR 1,4%

Alibaba Group Holding Ltd USD 1,4%

Tencent Holdings Ltd HKD 1,4%

Taiwan Semiconductor Manufactu USD 1,3%

Top - 5 equity positions Currency % of total

%

-8,78%2,05%

2016: 11,73%2015: -3,34%2014: 7,40%

Statistics:

Average rating: A-

Number of bond positions 54

Number of equity positions 34Currency exposure:

Fund advisor:

_______________________________________________________________

_______________________________________________________________

Fund manager:

2019: 10,55%

0% 5% 10% 15% 20% 25%

USDEURCZKHKDRUBBRL

MXNIDR

KRWINR

24,24%17,85%

5,64%5,01%4,99%

4,53%4,33%

4,2%3,93%3,81%

Maturity of bond component____________________________________

Monthly Factsheet 29/05/2020Econopolis Patrimonial Emerging Fund

Monthly factsheet - Econopolis Patrimonial Emerging - Data per 29/05/2020

Currency allocation fund______________________________________________

0% 10% 20% 30% 40%

Emerging Europe

Latin America

Asia-Paci�c

Middle East & Africa

South Asia

North America

31,45%

24,7%

18,35%

11,44%

11,21%

4,44%

Compartment of:

Risk profile:Investment horizon:

Launch date:Currency:

Shares:ISIN-code I-class Capitalisation:

ISIN-code I-class Distribution:Size:

Subscription fee:Redemption fee:

Subscription and redemption:Management fee:

Total expense ratio I-Kapitalisatie:Total expense ratio I-Distributie:

Performance fee:NAV-reporting:

Licensed in:

Econopolis Funds, SICAV under

Luxembourg law with European Passport

1 - 2 - 3 - 4 - 5 - 6 - 75 yearFebruary 2013EURCapitalisation & DistributionLU0889926282LU0889944772EURMax. 3% depending on distributorMax. 3% depending on distributorWeekly on Monday before 12:00 pm0,90%

Not applicablewww.fundsquare.net/homepage,Bloomberg, Reuters, ...Belgium, Luxembourg, Switzerland

Geographical allocation bonds________________________________

Key facts and practical information______________________________

Warning:The compartment is approved for distribution in Belgium, Luxembourg and Switzerland. Theprospectus and essential investor information, KIID, are available on the websitewww.fundsquare.net/homepage, where the net asset value is also published. This document is ageneral document for the general public and is not based on information of the personal situationof the reader. There is no review of the knowledge and experience, neither of his financialsituation of investment objectives. There are possibly financial instrument mentioned in thisdocument that are not suitable nor appropriate for the reader. Therefore the document exclusivelycontains product information of the mentioned financial instrument and cannot be considered asinvestment advice.

ContactEconopolis wealth management NV | Sneeuwbeslaan 20 bus 12 | 2610 Wilrijk | Tel. +32 3 3 666 466 | Fax +32 3 3 666 466 | info@econopolis.be | www.econopolis.beResponsible editor: Geert Noels, Econopolis Wealth Management NV

27,3 mln.

0% 10% 20% 30%

AAAAA

ABBB

BBB

NR

28,26%10,39%

13,58%27,43%

18,23%

5,65%1,66%

Bond rating____________________________________

0% 5% 10% 15% 20% 25% 30%

Communication ServicesInformation Technology

Consumer DiscretionaryOthers

Consumer Staples

FinancialsIndustrialsMaterials

28,13%23,87%

13,23%11,9%

8,55%4,72%

3,82%3,04%

1,53%

Sector allocation equity________________________________

Govies Supranational Corporate

14,4%

24%61,6%

Breakdown government/corporate bonds_________________________________

0% 20% 40% 60% 80%

Asia-Paci�c

Emerging Europe

Latin America

Europe

Middle East & Africa

North America

69,21%

7,9%

5,85%

5,82%

5,06%

3,14%

Geographical allocation equity_________________________________

1,15%1,16%

0% 10% 20% 30% 40% 50%

0-1 Y1-3 Y3-5 Y5-7 Y

7-10 Y10 Y+

18,85%

40,7%

15,12%

12,36%

4,13%

8,84%

Disclaimer: +/- in rating subcategories are dropped and aggregated.