FDC's annual audited results

At the end of 2023, the income generated by FDC amounted to 2.35 billion euros, while FDC’s operating costs represented 25.8 million euros. Thus, a net income of 2.32 billion euros was recorded by the FDC.

Overall, FDC's return on investment in 2023 was 9.80% in 2023. Since its creation in 2004, FDC has generated net revenues of almost EUR 11.75 billion, corresponding to an annualised rate of return of 4.29%. Since the launch of the SICAV in 2007, FDC has generated an annualised return of 4.74%.

The SICAV's annual audited results

It goes without saying that FDC’s results are highly dependent on the performance of its SICAV. The value of the SICAV at the end of 2023 was EUR 24.20 billion, an increase of EUR 2.29 billion compared to the beginning of the year. As there were no fund inflows during 2023, this increase was entirely due to capital gains on investments. Thus, the SICAV posted a positive performance of 10.41%. 

Since its inception in 2007, FDC’s SICAV has generated capital gains of more than EUR 10.93 billion and an annualised return of 4.83%. This return is above the strategic target return set by FDC for its SICAV.