Midlin

European small caps

Midlin invests in small to medium-sized, ambitious companies (small and mid caps) listed in the Netherlands, Belgium, the DACH region and Scandinavia. These are value-creating companies with promising prospects and often pay out attractive dividends. Key selection criteria are the quality of the management, growth potential and profitability, the position in the market segment in which the company operates, vision on ESG risks and solid balance sheet ratios. Before investing, Midlin conducts a fundamental analysis in which all company-specific risks, including risks in the field of sustainability, are integrally taken into account and weighed up. Midlin acts as a constructive and committed long-term shareholder.

Value and returns of Midlin

Intrinsic value
per 13/12/2024
€ 209,35

Returns
(from 13/12/2024)
(reinvested dividend included)
-6,5%

Average annual return
Midlin*

3 years	-1,4%
5 years	5,8%
10 years	8,4%
Since inception (in 2006)	6,1%

^*	Based on reinvested dividend, as of the last day of the previous month

Annual returns of Midlin*

2023	13,0%
2022	-12,8%
2021	25,1%
2020	13,7%
2019	28,6%

^*	Including reinvested dividend, after costs, based on a calendar year

Historical return Midlin (per Oktober 31th, 2024)*

^*	Includes reinvested dividend

Dividend paid out by Midlin

Midlin aims to pay out an annual dividend that at least equals that of the previous year.

BNP Paribas SA, Netherlands branch, calculates the intrinsic value on every first working day of the week. Our external accountant, KPMG Accountants NV, verifies our financial statements and valuation at the financial year-end.

The value of your investment may fluctuate. Past results are no guarantee for future results. A Key Investor Information Document is available for this product. This includes information about the product, the costs and the risks. Please ask for this information and review it before you buy the product.

Fund manager Midlin

Rombout Houben (1971) studied business management at Erasmus University Rotterdam. After a career as an equity analyst at IRIS/Robeco, he worked as a senior portfolio manager in 2005-2007, with responsibility for funds including the Robeco European Midcap Equities fund.

Rombout is a member of the Eumedion investment committee. He is part of the Teslin team since 2007 and is fund manager for Midlin.

Supervisory board Midlin

Pieter van Steenbergen
Chairman

Since February 2016

Hendrik Jan ten Have
Commissioner

Since February 2024

Anne Louise Metz
Commissioner

Since February 2022

Portfolio Midlin

Acomo
Trader in agricultural products

Aixtron
Provider of deposition systems for the semiconductor industry

Arcadis
Engineers and consultancy services

Barco
Digital visualisation

Brunel
Secondment

Fagron
Healthcare

Kendrion
Electromagnets

Melexis
Semiconductors

Nedap
Technological solutions

NEXUS
Medical software

Redcare Pharmacy
Online pharmacy

Sligro Food Group
Food service wholesaler

technotrans
Temperature management

Thule
Outdoor and lifestyle products

u-blox
Semiconductors

WashTec
Car washes

Documentation Midlin

These documents are only available in Dutch.

Disclaimer

This English website is an executive summary of the Teslin website in Dutch.

The website in Dutch is leading.

The funds and services offered by Teslin may not be suitable for all investors and offering them may not be allowed by local law or regulations. Persons who come into possession of Teslin investor documentation must be aware of these limitations and adhere to them. No offer to obtain units in funds managed by Teslin or any effect derived from this or invitation to make such an offer will be given to a person in any jurisdiction where this is not permitted by the applicable local regulations.

Investors should read the investor documentation and – if necessary – seek advice from their own independent advisors before making an investment decision and be aware of local laws governing investments. None of the funds are registered under the United States' Securities Act of 1933 or the United States' Investment Company Act of 1940. The details on these funds as shown are not an offer for sale or to be sold in the United States, its territories, possessions or protectorates under its jurisdiction, nor to nationals, citizens or residents in any of those areas.

The value of your investment may rise or fall. Past performance is not indicative of future results. Some funds on the website may use leverage facilities to a certain extent. This may involve specific risks of which investors should be aware, including risks related to political and economic stability, currency exchange rates as well as applicable foreign taxes and accounting standards. Products mentioned on this website may have their own particular terms and conditions, which should also be consulted before entering into any transaction.

The content of this website is based on sources of information believed to be reliable. However, no guarantee, warranty or representation, express or implied, is given as to the accuracy or completeness of such information. Teslin, nor any of its officers, directors or employees accept any liability or responsibility with respect to the information or any recommendations expressed therein. The information on this website is subject to change without notice.

Teslin guarantees that the data of persons accessing the website will be treated confidentially in accordance with applicable data protection regulations. Such data will not be made available to third parties without the approval of the persons accessing the website, unless Teslin is legally obliged to do so.

This disclaimer and any claims arising out of or in connection with the terms and conditions of this disclaimer are governed by Dutch law.

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Midlin

European small caps