- The net asset value of the Investor Equities fund increased 3.7% in February to 214.45 euros per share. IMA, Revenio Group, and Pharmagest Interactive were the best performers while Catering International Services and Advanced Medical Solutions were the weakest. - The fund manager increased the position in MPI due to its attractive valuation and revenue growth at its Nigerian oil subsidiary. Cash was also used to purchase shares of other companies. - Positions in IMA, Pharmagest Interactive and SimCorp were partially reduced due to increased valuations.

1. Investor Equities Sicav-FIS
MONTHLY UPDATE (short version) end February 2014
Top Holdings Country Weightings
Performance
In February the net asset value of Investor Equities increased by 3.7% to 214.45 euros214.45 euros214.45 euros214.45 euros per share.
The best performers last month were IMAIMAIMAIMA (+17%), Revenio GroupRevenio GroupRevenio GroupRevenio Group (+17%) and Pharmagest InteractivePharmagest InteractivePharmagest InteractivePharmagest Interactive (+16%). Catering Inter-Catering Inter-Catering Inter-Catering Inter-
national Servicesnational Servicesnational Servicesnational Services (-12%) and Advanced Medical SolutionsAdvanced Medical SolutionsAdvanced Medical SolutionsAdvanced Medical Solutions (-9%) were the weakest performers.
As in previous month, we increased the position in MPIMPIMPIMPI because of its attractive valuation. Its main subsidiary, the Nigerian oil
company Seplat, announced good revenue growth. Part of the cash position was used to buy shares of Dr. HönleDr. HönleDr. HönleDr. Hönle , WalterWalterWalterWalter
MeierMeierMeierMeier, ByggmaxByggmaxByggmaxByggmax and DunelmDunelmDunelmDunelm. Walter Meier announced the sale of its humidification business and a major share buyback.
Because of the increased valuation, we partially took profits on IMAIMAIMAIMA, Pharmagest InteractivePharmagest InteractivePharmagest InteractivePharmagest Interactive and SimCorpSimCorpSimCorpSimCorp.
Fund Manager
Jan Vantomme
Fund Manager
Bruno Toye
Contact:
Investor Asset Management BVBAInvestor Asset Management BVBAInvestor Asset Management BVBAInvestor Asset Management BVBA
Meersbloem-Melden 46a
B-9700 Oudenaarde
T. +32 (0) 55 612 154 / F. +32 (0) 55 612 122
E-mail: info@investor-am.be
www.investor-am.com
Fund Administration - Subscriptions:
European Fund AdministrationEuropean Fund AdministrationEuropean Fund AdministrationEuropean Fund Administration
P.O Box 1725,
Rue d’Alsace, 2, L-1017 Luxembourg
Mrs. Sonia Cervellera
T. +352 48 48 80 492 / F. +352 48 65 61 8002
Disclaimer: All information in this document is for informational purposes only and shall in no way be intended as advice Investor Asset Management Bvba, Manager of Lux-Investment
Porfessionals (LIP) SICAV-FIS SA - Investor Equities. LIP Investor Equities is a "société d'investissement à capital variable" (investment company with variable capital, abbreviated
SICAV) under Luxembourg law, in the form of a “société anonyme” (abbreviated SA) and the prospectus is accredited by the “Commission de Surveillance du Secteur Financi-
er” (CSSF), the Luxembourg supervisory authority on 02/12/2013 (VISA 2013/92301-7718-0-PC). L.I.P has been registered as “gestionnaire d’un fonds d’investissement alternatif”
following the law of Luxembourg of 12/07/2013 on alternative funds with register number OPC.14/1260-NBE/SPR since 13/08/2013.
This prospectus is in accordance with the Luxembourg law of the 13th of February 2007 on "Fonds d'Investissement Spécialisé (FIS)”. This offer is only for "well informed investors"
under Article 1 of the Luxembourg Law of 13 February 2007 on the "FIS". This offer is not public in nature, in accordance with the Belgian law of 20 July 2004 on certain forms of
collective management of investment portfolios and is not subject to the publication of a prospectus approved by the FSMA (formerly CBFA) as the law of June 16th 2006 prescribes.
The minimum investment for Belgian residents is 250,000 Euros in accordance with Article 5, §1, 4° of the “ICB”-Law of August 3, 2012. Individuals or institutions who invest in the
fund are requested to take note of and to comply with the contents of the prospectus. For more information, see the relevant legal documentation, which is available without charge upon
request at Lux-Investment Professionals SICAV-FIS SA, 2 Place de Metz L-1930 Luxembourg. Past performance is no guarantee for the future and the investor runs the risk to lose the
amount originally invested.
Disclaimer LIPPER: 5 Lipper Leaders: within the top 10% of similar funds in risk-weighted return over 5 years. The rating of 5 stars of L.I.P Investor Equities is for the Total Return
(and reflects fund historic total return performance relative to peers) and Preservation and Expense. The rating for Consistent Return is 4 stars. Lipper Ratings for Consistent Return
reflect fund historical risk-adjusted returns relative to peers. Lipper Ratings for Preservation are relative, rather than absolute. Lipper Ratings for Expense reflect fund expense minimiza-
tion relative to peers. Lipper Ratings DO NOT take into account the effects of sales charges. Overall Ratings are based on an equal-weighted average of percentile ranks for each measure
over 3-, 5-, and 10-year periods (if applicable). Lipper Ratings and Lipper Classifications do not constitute and are not intended to constitute investment advice or an offer to sell or the
solicitation of an offer to buy any security of any entity in any jurisdiction. As a result, you should not make an investment decision on the basis of this information. Rather, you should
Fund Manager Comment
Profile
Investor Equities invests prima-
rily in European equities, with a
focus on small and mid caps.
Fund Facts
• Name: Lux-Investment
Professionals SICAV-FIS
S.A.
• Name compartment:
Investor Equities
• Net Asset Value:
A - 214.45 EUR214.45 EUR214.45 EUR214.45 EUR
D - 133.44 EUR133.44 EUR133.44 EUR133.44 EUR
• Type: capitalisation (A) or
distribution (D)
• ISIN code:
LU0349406651
• Bloomberg code:
LUXINVA LX
• Domicile: Luxembourg
• Fund currency: EUR
• Subscription/redemption
fee: 0%
• Management fee: 1%
• Performance fee: 1/5th
of the total return in
excess of 10% with high
water mark
• Launch date:
April 30th 2008
• Initial Net Asset Value
(’NAV’): 100 EUR
• Fund size:
58.92 million EUR
• Frequency of calculation
NAV: monthly
Technical Facts
• Investment Manager:
Investor Asset Manage-
ment BVBA
• Custodian: Banque et
Caisse d’Epargne de
l’Etat, Luxembourg
(BCEE)
• Fund Administration:
European Fund Admi-
nistration (EFA)
• Auditor: Ernst & Young
• Min. initial subscription:
125,000 EUR (for Belgian
citizens: 250,000 EUR)
Name Activity %
IMA processing and packaging machinery (IT) 8.1%
MPI oil exploration (FR) 7.3%
Advanced Medical Solutions wound care products (GB) 5.8%
Conygar Investment Co. real estate company (GB) 5.1%
Byggmax discount DIY retailer (SE) 4.8%
SimCorp software for asset managers (DK) 4.2%
Country %
France 9.5%
Germany 9.9%
Austria 5.7%
Switzerland 5.4%
Denmark 4.2%
Sweden 12.3%
Finland 1.5%
Italy 9.0%
United Kingdom 20.0%
Cash 22.6%
50
60
70
80
90
100
110
120
130
140
150
160
170
180
190
200
210
220
230
2008 2009 2010 2011 2012 2013 2014
Investor Equities -A- Eur Stoxx 600 return
2014 1 year 3 year 5 year
since launch
(per annum)
Investor Equities 5.7% 26.8% 40.7% 222.6% 14.2%
Stoxx 600 return 3.3% 19.9% 29.3% 127.3% 3.9%
excess return 2.4% 6.9% 11.4% 95.2% 10.2%