Echiquier Space

The model portfolio is invested mainly in equities and carries the risk of capital loss. If the price of the securities to which the fund is exposed fall, the fund’s net asset value may fall.
Management is discretionary: there is a risk that the fund may not be invested in the best-performing securities at any one time. Investors are urged to acquaint themselves with the KIID and prospectus, available at www.lfde.com, and to understand the risks of the fund and the costs to pay, before making any investment decisions.

Main risks:
Risk of capital loss:
A capital loss occurs when a unit is sold for less than its purchase price. Investors are cautioned that they might not recover all the capital initially invested. The funds are not guaranteed and the capital is not protected.
Equity risk:
If the securities or indices to which the fund portfolios are exposed decline, the net asset value of the funds may also drop.
Risk of investing in emerging markets:
The fund incurs a risk from investing in emerging markets, which is due mainly to political and regulatory factors and to the operating and supervisory conditions of such markets, which may deviate from those prevailing on major international markets. Markets movements, both up and down, may be bigger and faster than on major international exchanges. The fund’s NAV may therefore behave in a similar fashion.
Currency risk:
There is a risk of a decline in investment currencies, principally the US dollar, relative to the portfolio's benchmark currency, the euro. If a currency falls relative to the euro, the fund’s NAV could fall.
Discretionary management risk:
Management is discretionary. There is a risk that the fund may not be invested in the best-performing securities at any one time.
Sustainability risk:
Sustainability risk refers to an environmental, social or governance event that could potentially or actually have a material negative impact on the value of an investment. The occurrence of a sustainability risk may have a number of different impacts depending on the fund’s investment process and geographic region. Generally, when a risk linked to the application of a sustainability risk affects an asset, it will have a negative impact and may cause a significant decrease in value.
The fund is also exposed to interest rate risk.

This information and document may not in any event be construed as investment advice, an investment proposal, or any other enticement to invest in financial markets. The information is derived from the best sources in our possession.
For more details, ask your usual contact at La Financière de l'Echiquier.
La Financière de l’Echiquier, société anonyme (limited liability company) with share capital of 10,105,300 euros, with its registered office at 53, avenue d’Iena, 75116 Paris. La Financière de l'Echiquier is registered under number 352 045 454 in the Paris Trade and Companies Register, and has been approved by the AMF (Autorité des Marchés Financiers) as a portfolio management company under number GP 91-004.