FDC's annual audited results

At the end of 2025, the income generated by FDC amounted to 1.27 billion euros, while FDC’s operating costs represented some 20 million euros. Thus, a net income of 1.25 billion euros was recorded by the FDC.

FDC's return on investment in 2025 was 4.45%. Since its creation in 2004, FDC has generated net revenues of nearly 16 billion euros, corresponding to an annualised rate of return of 4.61%. Since the launch of the SICAV in 2007, FDC's annualised return equals 5.05%.

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 2025 was 28.40 billion euros, an increase of 1.29 billion euros compared to the beginning of the year. Thus, the SICAV posted a positive performance of 4.25% in 2025. 

Since its inception in 2007, FDC’s SICAV has generated capital gains of more than 15 billion euros corresponding to an annualised rate of return of 5.18%. This return is above the strategic target return set by FDC.
 

SICAV annual rates of return

SICAV annualised rates of return