FUN DS FOR G OOD Charles Adam Gesves FUNDS FOR GOOD - - PowerPoint PPT Presentation

FUN DS FOR G OOD

THIS DOCUMENT IS FOR PROFESSIONAL INVESTORS ONLY

FUNDS FOR GOOD PHILANTHROPY OFFERS LOANS OF HONNOR AND FREE COACHING TO JOBLESS PEOPLE WILLING TO START THEIR ENTREPRENEURIAL PROJECT

Charles Adam Gesves

THIS IS WHAT WE WANT

A RESPONSIBLE ECONOMIC MODEL GENERATE VALUE IN ORDER TO DONATE IT

50% OF

OUR OWN PROFITS MIN 10% OF OUR OWN REVENUES

25% OF

OUR WORKING TIME

WE DONATE TO A SOCIAL PROJECT

OUR BUSINESS MODEL

OUR TEAM

PATRICK SOMERHAUSEN CEO DOMINIQUE EEMAN - CA JEAN-FRANÇOIS SCHOCK - CA

PIERRE-OLIVIER BECKERS - CA DOMINIQUE EEMAN - CA JEAN-FRANÇOIS SCHOCK - CA PIERRE-OLIVIER BECKERS - CA MICHEL BERTRAND COO MAXIME DESAIVE BUSINESS DEVELOPMENT NICOLAS CROCHET - CEO PATRICK SOMERHAUSEN CEO EMILIE SMET MARKETING & PHILANTHROPY KARINE BECKERS HEAD OF PHILANTHROPY OANA MIJA PHILANTHROPIC OPERATIONS LUDWIG FORREST FRB JEAN-CLAUDE ETTINGER LUC WILLEMYNS SACHA HENDRISON BUSINESS DEVELOPMENT

OUR PARTNERSHIPS

OUR SOCIAL BUSINESS

GRZEGORZ JACUBOWSKI CRAFTMAN

A VIRTUOUS CIRCLE

BRUSSELS WALLONIA FLANDERS

FRANCE

OUR MICROFINANCE PARTNERS

LOCAL IMPACT

FLANDRE-OCC 7 FLANDRE-OR 27 ANVERS 20 LIMBOURG 5 LIÈGE 11 LUXEMBOURG 1 NAMUR 4 HAINAUT 13 BW 2 BF 1 65 FRANCE 3

Bilan 2013-2017

ACHIEVEMENTS @ END 2018

>406.000€ DONATED

>169.000€

REIMBURSED & RELENT

2.500€ =

AVERAGE LOAN OF HONNOR

157

ENTREPRENEURS FINANCED SPLIT

43% 57% 195

JOBS CREATED

3% DEFAULTS

Bilan 2013-2017

LAST 12 MONTHS*

67

ENTREPRENEURS FINANCED # FFG HOURS

1900 50%

COACHED &/OR MET *To may 2019 # PERSONS INVOLVED

23

# CREDIT COMITEES

36

OUR FUTURE IMPACT

1 BILLION AUM 500 NEW ANNUAL LOANS

FUTURE IMPACT REGIONS

THE NETHERLANDS LUXEMBOURG

WRAP UP

FUNDS FOR GOOD PHILANTROPY

Funds For Good contributes to those millenium goals. Funds For Good Philantropy offers loans of honnor and coaching to people having more ideas than money. Funds For Good S.A. donations are audited by Forum Ethibel.

http://www.fundsforgood.eu

THE COMMUNITY FOR GOOD

THE FUNDS RANGE

FFG SICAV

THEMATIC EQUITIES

100% EQUITY FUNDS FLEXIBLE FUNDS

LOW RISK MODERATE RISK

• 72%

+29% SUSTAINABLE PORTABLE ALPHA EUROPEAN EQUITY FUND SUSTAINABLE GLOBAL FLEXIBLE ALLOCATION FUND EUROPEAN EQUITIES

• 80%

+29% SUSTAINABLE EUROPEAN EQUITY FUND GLOBAL CLEANTECH EQUITIES FUND

INVESTMENT MANAGER SELECTION

1

Quantitative analysis

2

Qualitative Analysis

3

FFG’s ESG integration analysis

4

Market test with investors

5

Negociations

6

Fund launch

PricewaterhouseCoopers Banque de Luxembourg

DEPOSITARY AND PAYING AGENT AUDITOR INVESTMENT MANAGER FFG SICAV

Luxembourg domiciled UCITS 5 Daily liquidity

MANAGEMENT COMPANY

Mandate awarded by Funds For Good MDO Management Company*

CENTRAL ADMINISTRATION

European Fund Administration

DISTRIBUTION COORDINATOR

Funds for Good S.A.

SRI POLICY & IMPACT

Funds for Good S.A.

APPLIES

FFG SICAV STRUCTURE

* As from summer 2019

SRI POLICY

EXCLUSION

EXCLUSIONS POLICY: 163 COMPANIES TO DATE

PRODUCT BASED Weapons: – Unconventional weapons producers – Companies selling to countries subject to investments restrictions Tobacco producers Thermal coal: – Mining companies or energy producers with >30% revenues from thermal coal CONDUCT BASED Human & individual rights violations Severe environmental damages Acts leading to unacceptable greenhouse gas emissions Gross corruption Other serious violations of fundamental ethical norms

EXCLUSIONS: EXAMPLES

ESG

ESG POLICY

ENVIRONMENT CARBON FOOTPRINT REDUCTION SOCIAL BETTER LABOR MANAGEMENT SCORE GOVERNANCE VOTING RIGHTS POLICY

ESG POLICY: ENVIRONMENT

CARBON FOOTPRINT REDUCTION EQUITY PORTFOLIO FOOTPRINT MIN 20% < EQUITY BENCHMARK DETAILS Source: MSCI CarbonMetrics Targets: – Carbon emissions:

• Scope 1: all direct greenhouse gas emissions
• Scope 2: indirect greenhouse gas emissions
• Defined by the Greenhouse Gas Protocol (GHG Protocol)

– Carbon intensity:

• Scope 1 + Scope 2 emissions over TTM sales

AVERAGE SCORE: 78% REDUCTION

ESG POLICY: LABOR MANAGEMENT SCORE

INVEST IN COMPANIES WITH BETTER MANAGEMENT SCORE 2 WAYS:

– EQUITY PORTFOLIO SCORE MIN 10% > EQUITY BENCHMARK – EXCLUSION OF 5% WORSE COMPANIES FROM UNIVERSE

DETAILS Source: Thomson, MSCI ESG Research, company disclosure Targets: Companies facing workflow disruption due to – Labor unrest – Reduced productivity due to poor job satisfaction Integrated data: – Regional exposure – Size of workforce – Corporate restructuring/layoffs – Workforce policies – Labor-related controversies

ESG POLICY: GOVERNANCE

Funds For Good & all its investment managers are signatories to UNPRI VOTING RIGHTS FFG voting rights are implemented through our investment managers Plan to implement them directly

FFG GLOBAL FLEXIBLE SUSTAINABLE

FLEXIBLE FUND – MEDIUM RISK

OBJECTIFS DU FONDS FUND OBJECTIVES

LONG TERM CAPITAL GROWTH CONTROL VOLATILITY ASSET CLASS DIVERSIFICATION

INVESTMENT MANAGER

• >10Bio AUM
• Since 1985
• 100% owned by Banque de Luxembourg
• Fund Manager: Guy Wagner, CIO of BLI – Banque du

Luxembourg Investment S.A.

94% 100% 100%

OBJECTIVE

0% 0% 100% 100%

EQUITIES BONDS GOLD CASH

40% 40%

0% 0% 100% 100% 0% 0% 100% 100% 0% 0% 100% 100%

90% 90% 5% 5% 15% 15% 5% 5% 15% 15% 2% 2% 30% 30%

DELIVER AN ATTRACTIVE LONG TERM REAL RETURN THROUGH ASSET CLASS FLEXIBILITY & SECURITY SELECTION

BLI SRI POLICY

BLI’S 4 PILLAR ESG POLICY ALSO INTEGRATED

CONTROVERSIES Human Rights & UN Compact Compliance: companies that fail to comply are removed from investment universe EXCLUSION LIST Cluster munitions, anti-personal mines, landmines, depleted uranium, biological/chemical weapons PROXY VOTING BLI applies ISS Sustainable voting policy ENGAGEMENT BLI engages with companies about ESG related issues during company visits.

ASSET CLASSES

EQUITIES

0% 0% 100 100%

• Relatively healthy economic conditions
• Low interest rates
• Robust earnings growth
• Supply / demand situation
• High valuations
• Changing fiscal / monetary policy mix
• Rising commercial & geopolitical tensions

RISKS

• Return of inflation
• Recession
• Protectionism

POSITIVE NEGATIVE

41% 41%*

*30 *30/3 /3/1 /19

EQUITIES

GOVERNMENT BONDS

Potential « safe heaven » status in times

• f economic & financial stress
• End to secular stagnation
• return to inflation

POSITIVE NEGATIVE

RISKS

0% 0% 100 100%

BONDS

4,5% 4,5%*

*30 *30/3 /3/1 /19

Low / negative real yields

GOLD

• High debt level
• Favorable supply/demand situation
• Low real yields
• Geopolitical risks
• Little scope for conventional policy to

respond to next economy dowturn  risk of even more aggressive unconventional policies

• Federal Reserve tightening

Strenghtening US (world) economy leading to Federal Reserve (or

• ther central banks) tightening more agressively

RISKS

0% 0% 100 100%

GOLD

8,5% 8,5%*

*30 *30/3 /3/1 /19

PERFORMANCE OF UNCORRELATED ASSETS

Source: Banque de Luxembourg Investments sa The indicated performance is historical and holds no guarantees for future performance.

• 33%
• 18%
• 6%
• 19%
• 22%
• 55%
• 15%
• 12%
• 5%
• 12%
• 7%

0% 0% 5% 11% 16% 5% 4%

• 2%

4% 5% 8%

• 5%

1% 17% 26% 5% 8%

• 6%

12%

• 60%
• 50%
• 40%
• 30%
• 20%
• 10%

0% 10% 20% 30% 40% 1987 crash Iraq invades Kuwait (1990) Asia crisis '97 Russia / Long- term Capital Management crisis '98 11 September '01 Global financial crisis '08 2010 Euro zone crisis & flash crash '10 U.S. sovereign debt downgrade '11 Taper tantrum '13 China worries '15 S&p500 index Us treasurieS gold

ALLOCATION

HISTORIC ALLOCATION

31/12/18

GEOGRAPHICAL BREAKDOWN

BLI – Banque de Luxembourg Investments

SECTOR BREAKDOWN

BLI – Banque de Luxembourg Investments

MARKET CAPITALISATION

BLI – Banque de Luxembourg Investments

PERFORMANCE

RECOVERY TIME

Source: Morningstar Direct. FFG Global Flexible Sustainable is included in the Flexible Allocation Universe of Mornigstar The indicated performance is historical and holds no guarantees for future performance. All costs and management fees are included in the calculation

• f the historical performance except for entry and/or exit costs.

<2,5years >7 years

PERFORMANCE SINCE FFG LAUNCH

Morningstar Direct au 31/03/19

POSITIONNING

Morningstar Direct au 31/03/19

DURABILITÉ

ESG SCORES II

INTENSITE CARBONE PONDEREE LABOUR MANAGEMENT SCORE PONDERE

FFG GLOBAL FLEXIBLE SUSTAINABLE: 60,74 MSCIW ACWI: 211,4

DIFFERENCE: -73,3%*

FFG GLOBAL FLEXIBLE SUSTAINABLE: 6,62 MSCIW ACWI: 5,11

DIFFERENCE: +28,1%*

*3 *31/1 /12/1 /18

TECHNICAL DETAILS

TECHNICAL DETAILS FFG GLOBAL FLEXIBLE SUSTAINABLE

SHARE CLASS ISIN TICKER BLOOMBERG MIN. INVEST MANAGEMENT FEE MAX ONGOING CHARGES R ACC LU1697917083 FFGFSRA LX 1.25% 1,60% R DIS LU1697916861 FFGFSRD LX 1.25% 1.60% C ACC LU1697917240 FFGFSCA LX 0.95% 1.30% C DIS LU1697917323 FFGFSCD LX 0.95% 1.30% I ACC LU1697917166 FFGFSIA LX 500.000€ 0.65% 1.00%

QUEST CLEANTECH FUND

THEMATIC EQUITIES FUND

THE FUND : STRUCTURE & CHARACTERISTICS

100% EQUITIES SMALL & MID CAPS GARP STYLE CONCENTRATED PORTFOLIO (20-30 STOCKS) DYNAMIC PROFILE BUY-AND-HOLD

PRIVATE EQUITY

Capricorn Cleantech Fund Capricorn Health-tech Fund Capricorn ITC Arkiv

MIXTE

Quest for Growth

QUOTED FUND

Quest Cleantech Fund

• € 350 MIO AUM
• MANAGER FOCUSED ON CLEANTECH, HEALTH-TECH & ICT

FUND MANAGER

YVES VANEERDEWEGH

• 20+ years experience as portfolio manager
• @ Capricorn since 2005

OLAF CÖRPER

• >10 years equity experience
• @ Capricorn since 2012

CLEANTECH UNIVERSE

CLEAN TECHNOLOGIES UNIVERSE

TECHNOLOGY-BASED PRODUCTS AND SERVICES THAT PROVIDE CLEANER OR MORE EFFICIENT USE OF THE EARTH’S NATURAL RESOURCES, SUCH AS ENERGY , WATER, AIR AND MATERIALS.

energy supply deforestation pollution CO² emissions loss of biodiversity climate change water scarcity

THEMATIC

3 THEMATICS IN THE FUND

* Chiffres au 31 août 2018

 Green building  Clean transport & fuel efficiency  Controls & energy optimisation  Smart grid & energy storage  Energy efficient lighting  Water Management  Pollution control  Recycling & waste management  Agricultural & bio-based solutions  Advanced materials  Wind energy  Solar energy  Biomass & biofuels  Hydropower  Other renewable energy

ENERGY EFFICIENCY RENEWABLE ENERGY RESOURCE EFFICIENCY

PORTFOLIO STRUCTURE

0% 0% 100% 100%

EQUITIES ENERGY EFFICIENCY RESSOURCES EFFICIENCY RENEWABLE ENERGY

FFG CLEANTECH II WILL INVEST IN THE SAME THEMATICS 53% 53%*

*3 *31/0 /03/1 /19

25% 25%* 13% 13%*

90% 90% 100% 100%

0% 0% 100% 100% 0% 0% 100% 100% 0% 0% 100% 100%

CASH

7% 7%*

0% 0% 100% 100%

ALLOCATION

GEOGRAPHY

EUROPE AS A CLEANTECH LEADER

79% EUROPEAN COMPANIES!

Morningstar Direct au 31/03/19

SECTOR ALLOCATION

Capricorn Venture Partners au 31/03/19

PERFORMANCE

PERFORMANCE SINCE LAUNCH

Morningstar Direct au 31/03/19

TECHNICAL DETAILS

SHARE CLASS ISIN TICKER BLOOMBERG MIN. INVEST MANAGEMENT FEE ONGOING CHARGES R ACC LU1171478784 QUECLER:LX NO 1.25% 1,73% I ACC LU1171478941 QUECLEI:LX 250.000€ 0.75% 1,13%

OVERVIEW – QUEST CLEANTECH FUND

FFG EUROPEAN EQUITIES SUSTAINABLE

EUROPEAN EQUITIES FUNDS

THE FUND : STRUCTURE & CHARACTERISTICS

100% EQUITIES ALL CAPS BÊTA = 1 VS MSCI EUROPE NR DIVERSIFIED PORTFOLIO (200 - 400 STOCKS) DYNAMIC STRATEGY ACTIVE QUANTITATIVE

GESTIONNAIRE

• Founded in Boston, MA, in 1986
• Offices in Boston, London, Singapore, Sydney and Tokyo
• 336 employees worldwide

A TEAM OF EXPERTS

John Chisholm, CFA Co-CEO, Co-CIO Malcolm Baker, Ph.D. Director of Research lnvestment Analytics & Data Global Equity Research Equity Portfolio Management Long-Short Portfolio Management lmplementation 24 Team Members 16 Team Members 26 Team Members 5 Team Members 18 Team Members

• 1 PhD
• 9 CFA

charterholders

• 21 MA / MS /

MPhil / MBAs

• 15 avg yrs of

experience

• 6 PhDs
• 9 CFA

charterholders

• 18 MA / MS /

MPhil / MBAs

• 9 avg yrs of

experience

• 8 PhDs
• 13 CFA

charterholders

• 30 MA / MS /

MPhil / MBAs

• 15 avg yrs of

experience

• 3 CFA

charterholders

• 5 MA / MS /

MPhil / MBAs

• 14 avg yrs of

experience

• 1 PhD
• 4 CFA

charterholders

• 11 MA / MS /

MPhil / MBAs

• 16 avg yrs of

experience Brendan Bradley, Ph.D. Co-CIO

CONSTRUCTION

INVESTISSEMENT PROCESS

SYSTEMATIC, OBJECTIVE & COHERENT

INVESTMENT UNVIVERSE STOCK FORECAST PORTFOLIO CONSTRUCTION TRADING BROAD EUROPEAN UNIVERSE OBJECTIVE RETURN FORECAST COST EFFECTIVE TRADING

6.000 stock investment universe Bottom-up analysis: Stock forecast relative to peer group + Top-down analysis: Peer group forecast relative to world equity Return forecasts Risk forecasts Transaction costs estimates Liquidity estimates Structured trading process ESG ISSUES ARE INTEGRATED THROUGHOUT INTEGRATED FACTORS, ACTIVE RESAERCH AGENDA APPLICATION OF ESG SCREENS, RISK MANAGEMENT, PORTFOLIO TILTING PORTFOLIO CHARACTERISTIC, REPORT, PROXY VOTING, WOMAN & MINORITY BROKERAGE, ENGAGEMENT REPORTING

PORTFOLIO CONSTRAINTS

ACTIVE RISK MAERIAL RISK SECURITY RISK SECTOR RISK COUNTRY RISK LIQUIDITY RISK FACTOR CROWDING HUMAN OVERSIGHT

4% - 6% TRACKING ERRORS BETA, VOLATILITY & SIZE CONSTRAINED TO MARKET 2,5% ACTIVE WEIGHT (DYNAMIC) +/- 8% ACTIVE WEIGHT +/- 6% ACTIVE WEIGHT TRADING: MAX 20% DAILY ADV, HOLDING: MAX 3 DAYS’ AVERAGE VOLUME MITIGATE FACTOR CROWDING TRHOUGH DYNAMIC FACTOR WEIGHTING PORTFOLIO REVIEW, DISCRETIONARY RISK MANAGEMENT

RISK & PORTFOLIO CONTROLS AIM TO MAXIMIZE THE INFORMATION RATIO & REDUCE DRAWDOWNS

+1,32 PRICE TO INTRINSIC INCOME VALUE PRICE TO INTRINSIC ASSET VALUE PRICE TO INTRINSIC ASSET VALUE

PREVISION MODEL

VALUE

+0,64 MEDIA EFFECT EARNINGS SURPRISE RECOMMENDATION CHANGE

GROWTH

+0,17 ASSET QUALITY CASH FLOW QUALITY MANAGEMENT BEHAVIOR

QUALITY

+0,11 MOMENTUM SMART REVERSAL INDUSTRY LEADERSHIP

TECHNICAL

+0,04 GLOBAL DRIVERS RISKS MACRO ENVIRONMENT

GERMANY

+0,09 PRICE MOMENTUM AJUSTED VALUTATION PEER MOMENTUM

CAPITAL GOODS

0,00 AJUSTED VALUTATION QUALITY TECHNICAL

GERMAN CAPITAL GOODS

COMPANY: KLOECKNER & CO SE MARKET CAP: USD 1B COUNTRY: GERMANY INDUSTRY: CAPITAL GOODS DESCRIPTION: STEEL & METAL PRODUCER AND DISTRIBUTOR TOTAL FORECAST + 2,21

PROVEN STOCK FORECASTING MODEL

ANALYSIS OVER 10 YEARS

20% 0% 10%

• 10%
• 20%

ANNUALIZED EXCESS RETURN 1 2 3 4 5 RETURN TO LOWEST FORECASTED STOCKS RETURN TO HIGHEST FORECASTED STOCKS QUINTILE EXCESS RETURN ACADIAN ALPHA FORECASTS2

ACADIAN SRI POLICY

ACADIAN FIRM LEVEL & INTEGRATED FACTORS

FIRM LEVEL Acadian was the first quantitative manager to become a Signatory of the PRI in October 2009. The firm has a A+ score Leading Investor on collaborative action on climate related data disclosure Participation on PRI Technical Committee to guide annual survey development. 40% of Acadian’s AUM apply RI screens INTEGRATED FACTORS ON STOCK SELECTION Management behaviour corporate governance accounting practices Labor Standards ENGAGEMENT & PROXY VOTING Partnership with proxy voting agents, Annual Engagement Report

ALLOCATION

GEOGRAPHICAL BREAKDOWN

Morningstar Direct au 31/03/19

SECTOR ALLOCATION

Morningstar Direct au 31/03/19

MARKET CAPITALISATION

Morningstar Direct au 31/03/19

TOP HOLDINGS

Morningstar Direct au 31/03/19

PERFORMANCE

ACADIAN’S FUND POSITIONNING

Q1 2019

Morningstar Direct au 31/03/19

SIMULATIONS

GROSS PERFORMANCE COMPARAISON

TECHNICAL DETAILS

* Op 31/03/2017

OVERVIEW – FFG EUROPEAN EQUITIES SUSTAINABLE

SHARE CLASS ISIN MIN. INVEST MANAGEMENT FEE MAX ONGOING CHARGES R ACC LU1783237842 1.50% 1.850% R DIS LU1783237925 1.50% 1.850% C ACC LU1783237412 1.10% 1.450% C DIS LU1783237503 1.10% 1.450% I ACC LU1783237768 500.000€ 0.75% 1.100%

FFG ARCHITECT STRATEGY

FLEXIBLE FUND - DEFENSIVE

PROTECT CAPITAL OFFER REGULAR RETURN ADAPTED TO LOW INTEREST ENVIRONMENT BY DYNAMICALY MANAGING THE EQUITY EXPOSURE

FUND OBJECTIVES

NEW FFG AS

INFOS TECHNIQUES FFG ARCHITECT STRATEGY – VERSION 2

NEW strategy  Maintain defensive profile  Capture FFG European ES outperformance vs MSCI Europe  No fixed income or uncorrelated investments  Limit equity exposure between 20% and 40%

INFOS TECHNIQUES FFG ARCHITECT STRATEGY – VERSION 2

Acadian European Equity outperformance vs MSCI Europe

INFOS TECHNIQUES FFG ARCHITECT STRATEGY – VERSION 2

Outperformance new fund vs current fund

PORTFOLIO BREAKDOWN

EQUITY FUNDS

+/ +/- 50% 50%

EQUITY FUTURES

0% 0% 50% 50%

FIXED INCOME FUNDS

+/ +/- 10% 10%

FLEXIBLE FUNDS

+/ +/- 15% 15%

UNCORRELATED FUNDS

+/ +/- 20% 20%

CASH

+/ +/- 5% 5%

EQUITY FUND

90% 90%

EQUITY FUTURES

60% 60%

CASH

10% 10%

FF FFG AS S 1 FF FFG AS S 2

INFOS TECHNIQUES FFG ARCHITECT STRATEGY – VERSION 2

2018 3 Years 5 Years 10 years Performance New FFGAS (R share)

• 3,07%

2,89% 4,23% 4,88% Performance Current FFGAS (R share)

• 7,20%

0,86% 1,16% Acadian Total Alpha 0,50% 5,00% 4,90% 4,10% 90% European Equity Alpha 1% 4,20% 4,20% 3,10% MACS European Total

• 0,50%

0,80% 0,70% 1,00% 30%MSCI Europe + 70%

• cash
• 1,72%
• 0,26%

1,18% 2,63% cash

• 1%
• 0,80%
• 0,50%
• 0,10%

MSCI Europe

• 4,10%

1,00% 5,10% 9,00%

Net of fees simulated returns to 30/12/2018

INFOS TECHNIQUES OVERVIEW – FFG ARCHITECT STRATEGY

SHARE CLASS ISIN TICKER BLOOMBERG MIN. INVEST MANAGEMENT FEE ONGOING CHARGES R ACC LU0945616984 CONFGAB 1.50% 1,85% R DIS LU0945616788 FFGASRD LX 1.50% 1,85% I ACC LU0945616788 CONFGAC 500.000€ 0.95% 1,30%

AS 2

COMMUNICATION SUPPORT

CLIENTS TESTIMONIALS

49% 8% 24% 19%

REPORTING TOOL

49% 8% 24% 19%

49% 8% 24% 19%

www.fundsfor

NICOLAS CROCHET

CO-CEO

nicolas.crochet@fundsforgood.eu +32 474 750 661