A conviction based management approach with limited risk
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Fund range
| Fund range | Share / ISIN code | NAV | Perf.YTD | Annualized perf.since inception | Performance2025 | Volatility1 year | Risk Indicator | Investment objective | Favorites |
|---|---|---|---|---|---|---|---|---|---|
| Sustain (Art. 9 SFDR) | |||||||||
| DNCA Invest Sustain Alterosa(1) | launched on 17/12/2018 | €119.28as of 27/10/2026 | +3.84% | +2.27% | +0.90% | 5.40% | |||
| DNCA Invest Sustain Climate(1) | launched on 09/02/2021 | €129.52as of 27/10/2026 | +9.16% | +4.63% | +19.07% | 15.60% | |||
| DNCA Invest Sustain Real Estate(1)(3) | launched on 21/08/2026 | €87.74as of 27/10/2026 | - | -48.17% | - | - | |||
| DNCA Invest Sustain Semperosa(1) | launched on 17/12/2018 | €171.55as of 27/10/2026 | +4.58% | +7.10% | +3.75% | 14.71% | |||
- (1) Sub-fund of the SICAV DNCA Invest
- (2) Mutual fund governed by French law
- (3) For legal reasons, we can not post the performance of this share
Past performance is not an indicator of future performance
Management fees are included in performance. The performances are calculated net of any fees by DNCA FINANCE.
Fund highlight
This is a marketing communication.
- Fixed income
- Life insurance
DNCA Invest Alpha Bonds
International Multi-strategies Bonds
The Sub-Fund promotes environmental and social characteristics within the meaning of Article 8 SFDR, but does not have sustainable investment as its objective. The decision to invest should take into account all the characteristics described in the prospectus and the SFDR pre-contractual annex.
Key points
- A flexible and international management approach with active duration management between [-3; +7].
- A dynamic allocation leveraging a wide range of fixed income strategies.
- A strategy aimed at outperforming its benchmark with annualized volatility below 5% under normal market conditions.
Related videos
Summary risk indicator (SRI)
A share · EUR · accumulation · ISIN: LU1694789451
Managers comments · September 2026
2 minutesSeptember was marked by a return to volatility and upward pressure on interest rates. This deterioration was fueled by renewed tensions on the conflict front and persistent inflationary pressures against the backdrop of continued robust global growth. Indeed, the latest economic activity data, such as the published PMIs, confirm the positive trend in the economy in both the United States and Europe. Inflation figures, however, even after the revision of the methodology in the U.S., remain too high relative to the targets set by major central banks. These central banks have therefore responded by raising their policy rates (with the exception of the BOE), accelerating the flattening of yield curves as investors now anticipate an aggressive rate-hiking cycle.
The portfolio posted a negative return for the month, impacted primarily by its “real rates” and “yield curve” strategies. Duration was gradually increased from 3 to 3.8 years. Positions at the short end of the German yield curve were strengthened due to market expectations deemed aggressive, but also as part of an overall risk management strategy. The “foreign exchange” strategy continues to contribute positively, as does our defensive stance on the French spread.
Fund risks
- Risk of capital loss
- Interest-rate risk
- Risk relating to discretionary management
- Credit risk
- Inflation risk
- Counterparty risk
- Risk related to investing in speculative securities
- Risk of investing in derivative instruments as well as instruments embedding derivatives
- Convertible securities risk
- Specific Risks linked to Convertible, Exchangeable and Mandatory Convertible Bonds
- Risk related to exchange rate
- Liquidity risk
- High volatility risk
- Equity risk
- ESG risk
- Sustainability risk
Legal information
The above information is not a confirmation of any transaction and does not comprise investment advice. Past performances are not a reliable indicator of future performances. Management fees are included in performances. Access to products and services presented may be restricted regarding certain persons or countries. Tax treatment depends on the individual situation of each investor. For full information regarding strategies and fees, please refer to the prospectus, Key Information Document and other regulatory information available on this website or free of charge on demand from the investment management company’s registered offices.
You can access a summary of your rights here.
Information on the fees, commissions or non-monetary benefits : DNCA Finance would like to inform its clients (existing or potential) that within the context of its fund management business, DNCA Finance may receive from or pay to third parties (e.g. introducing brokers, distributors, brokers, asset managers) certain commissions, fees or non-monetary benefits in connection with the provision of investment or ancillary services. Upon request, DNCA Finance may communicate to its clients any additional information relating to these remunerations, commissions or non-monetary benefits.
The Sub-Fund promotes environmental and/or social characteristics within the meaning of Article 8 of SFDR.
Sustainability risk means an environmental, social, or governance event or condition that, if it occurs, could potentially or actually cause a material negative impact on the value of a Sub-Fund’s investment. Sustainability risks can either represent a risk of their own or have an impact on other risks and may contribute significantly to risks, such as market risks, operational risks, liquidity risks or counterparty risks. Sustainability risks may have an impact on long-term risk adjusted returns for investors. Assessment of sustainability risks is complex and may be based on environmental, social, or governance data which is difficult to obtain and incomplete, estimated, out of date or otherwise materially inaccurate. Even when identified, there can be no guarantee that these data will be correctly assessed.
Consequent impacts to the occurrence of sustainability risk can be many and varied according to a specific risk, region or asset class. Generally, when sustainability risk occurs for an asset, there will be a negative impact and potentially a total loss of its value and therefore an impact on the net asset value of the concerned Sub-Fund.
The reference benchmark does not intend to be consistent with the environmental or social characteristics promoted by the Sub-Fund.
A conviction driven approach to investing
Since DNCA was set up in 2000, we have pursued a European conviction-driven approach to investing, bringing together experienced professionals to deliver conservative growth solutions for private and institutional investors.
For more than 18 years, we have rigorously created and managed highly effective and internationally recognized investment strategies with a strong focus on minimizing risk.
Trends do not necessarily translate into solid returns