Access conditions
Access to this section of our website provides information about France Développement, a professional fund authorized and reserved for marketing to professional or experienced investors in France. We invite you to ensure that you qualify as a professional or informed investor by referring to Article L 533-16 of the Monetary and Financial Code or Article 423-2 of the AMF's General Regulations.
If you are a non-professional investor, please leave this page.
La souscription, l'acquisition ou la détention de parts par une US Person étant interdite, les informations figurant sur ce site ne s'adressent pas aux ressortissants et citoyens des Etats-Unis d'Amérique ou aux US Persons, telle que cette expression est définie par la Regulation S de la Securities and Exchange Commission en vertu de l'U.S. Securities Act de 1933, qui vise notamment toute personne physique résidant aux Etats-Unis d'Amérique et toute entité ou société organisée ou enregistrée en vertu de la réglementation américaine.
The information contained in this section of our website is provided for informational purposes only and does not constitute a solicitation, marketing, personalized recommendation, or investment advice.
LBO France Gestion cannot be held liable as a result of consulting this information. You are solely responsible for correctly indicating your investor category before accessing the information on our website. By accepting the terms and conditions of use of our website, you acknowledge that you have read this warning.
Past performance is not indicative of future performance and should not be the main factor in your investment decision.
It should be noted that investing in units or shares of mutual funds involves risks.
The value of investments may rise or fall depending on market developments, and investors may not recover the amounts invested, as the value of units and shares depends on the value of the financial instruments held in the portfolio. The tax treatment of investments in units or shares of mutual funds depends on the individual situation of each investor and is subject to change. Anyone interested in investing in one of the UCIs presented on this website is invited to seek independent advice to verify the suitability of the product or service in question with their objectives.
Flexible absolute return funds
- A proprietary valuation model that has been used for more than 30 years that makes this fund truly flexible and free from behavioural biases;
- An in-depth analysis of companies, based on conviction with a concentrated portfolio and very limited turnover.
Our investment criteria
Equities Europe and North America
Average capitalization of €200 billion
20 to 30 portfolio companies
Absolute return target of 5% annualized over the investment period
No benchmark
Detailed performance
| ISIN Code | Currency | Last NAV Date | Last NAV | YTD | 1 year | Creation | Annualized |
|---|---|---|---|---|---|---|---|
| LU1373287983 | EUR | 04/12/2025 | 220,86 € | 5.1% | 4.5% | 120.9% | 5% |
| LU1373288015 | EUR | 04/12/2025 | 167,47 € | 5.6% | 5.1% | 67.5% | 5.1% |
| FIXED_5 | EUR | 04/12/2025 | 220,93 € | 4.6% | 5% | 120.9% | 5% |
Features
Compartment of the Valboa SICAV under Luxembourg law (UCITS)
CACEIS BANK
Fonds mixte
CACEIS Fund Administration
26/09/2016
3
Daily
No
Daily
No
EUR
Article 6
5 years
Fees
| Shares | Valboa Exclusif (I) | Valboa Exclusif (C) |
|---|---|---|
| ISIN | LU1373288015 | LU1373287983 |
| Bloomberg | TFE21IE LX | TFE21CE LX |
| Allocation of income | Capitalisation | Capitalisation |
| Subscription fees | Nothing | 3% max. including VAT, not acquired by the fund |
| Exit fees | Nothing | Nothing |
| Management fees | 1% VAT max | 1.65% VAT Max |
| Superformance commission | 10% including VAT of the outperformance above 5% | 10% including VAT of the outperformance above 5% |