Orion

The main objective of this sub-fund is to provide its shareholders with as high a valuation as possible of the capital invested through investments in transferable securities, mainly in equities listed on the main European stock markets. The investment choices will favor “small/micro” companies with a capitalization of less than € 2 billion, with no sector constraint. The selection of stocks or “Stock-Picking” will focus on companies that are not losing money, have an attractive valuation / growth ratio and good prospects.

The sub-fund does not replicate benchmarks because its asset allocation is actively structured and independent of any benchmark. Nevertheless, if an index were to be used to judge the long-term performance, the Eurostoxx Small Dividends Reinvested Index could be suitable and / or a composite index based on 90% Eurostoxx Small and 10% Eonia (daily reference rate for interbank deposits in Europe). This compartment is eligible for the PEA (share savings plan).

The Orion (Abacus Discovery) sub-fund adopts a comprehensive extra-financial strategy, in compliance with Article 8 of the Disclosure Regulation, with an in-depth analysis of ESG risks and impacts, greenhouse gas emissions, and scope 1, 2 and 3. The sub-fund adopts a “Best-in-Universe” approach, investing in the highest rated companies regardless of their sector of activity, with a preference for sectors considered more virtuous. The sub-fund adopts normative and sector exclusions in order to avoid investing in models with a high potential for negative impact and controversy.