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Fund performance
Annual performance
TreeTop Convertible International BH USD
Evolution of the annual performance of TreeTop Convertible International BH USD
Evolution of the NAV (Net Asset Value) of TreeTop Convertible International BH USD
|
Latest NAV in USD
(23-04-2024) |
401,77 |
|---|
Cumulative returns
as of 23-04-2024
| YTD | 0,42% |
|---|---|
| 1 year | 4,65% |
Annualized returns as of 23-04-2024
| 3 years | -4,11% |
|---|---|
| 5 years | 1,11% |
| 10 years | 0,92% |
| Origin* | 4,35% |
* from launch date of the sub-fund (2005).
Past performance and NAV evolution are no guarantee of future performance.
Source: Degroof Petercam Asset Services for the period 2005 - 2024
The returns are calculated in the reference currency:
USD (returns in EUR can go up or down depending on exchange rate fluctuations). The historical performance in EUR was negatively affected by exchange rate fluctuations.
The returns are calculated in the reference currency of the share class, reflect ongoing charges, including management and performance fees, taken from the sub-fund, but do not reflect any entry charges you might have to pay.
The calculations of returns are based on the historical NAVs which are available on the www.fundinfo.com website.
General information
| Summary of investors’ rights: You can click on https://www.treetopam.com/en/regulatory-information for a summary of investors’ rights (in English) in the “Rights of Investors in UCIs managed by TreeTop”. General information: the word "fund" is used as a generic term to designate SICAVs and sub-funds of SICAVs. |
|
| Name of fund | TreeTop Convertible SICAV |
|---|---|
| Name of sub-fund | TreeTop Convertible International |
| Management Company | TreeTop Asset Management S.A., a management company under Luxembourg law |
| Delegated Investment Manager | Aubrey Capital Management Ltd |
| Type of product/ legal form/ applicable duty and applicable duration | UCITS sub fund, being a SICAV under Luxembourg Law with undefinite end |
| Share class | BH USD |
| Dividend policy | Capitalisation |
| Launch date | 2005 |
| ISIN code | LU0221833030 |
| Minimum initial inv. | $250 |
| Type of fund | UCITS |
| Liquidity | Daily |
| Domicile | Luxembourg |
| Type of investor | All investors |
| Management fee | 1.20% |
| Performance fee | 12% High Watermark |
| Entry fee | 0% |
| Management fees and other administrative or operating costs |
1.8%
Costs may increase or decrease as a result of currency and exchange rate fluctuations. |
| Transaction costs | 1.1% |
| Stock exchange transaction tax at redemption (or conversion) in Belgium | 1.32% (max 4.000 EUR) |
| Belgian tax on savings (Belgian withholding tax at redemption) | 30% |
| Belgian withholding tax on dividends | N/A |
| The tax regime applies to an average retail customer, being a natural person residing in Belgium. | |
| The management company may, under the conditions provided for by article 93bis of Directive 2009/65/EC, decide to suspend the sales of the fund’s share classes in Belgium. Investors will then have a period of notice allowing them to exit free of charge. |
Risk indicator
Lower risk
Higher risk
For further information on the risks and the risk indicator of the fund, please refer to the latest KID and prospectus.
Handling of client complaints
Send your complaint, in writing, to the attention of the “Compliance Officer”, at the following address: TreeTop Asset Management Belgium, rue des Francs, 79, 1040 Brussels.
We will send you an acknowledgement of receipt within 5 working days. We will analyze your complaint, if necessary in consultation with the management company, and give a detailed response in the month following its receipt, provided that the complaint is complete and specific.
Mediation service
For complaints relating to investment products and services - address your concern to the financial sector Ombudsman: Banks – Credits - Investments Mediation Service, North Gate II, Avenue Roi Albert II 8 B-1000 Brussels (www.ombudsfin.be or [email protected]).
The mediation service may suggest solutions for resolving the dispute. In the event of a lack of mutual acceptance of the proposed solutions, either party can turn to the competent courts.
Summary of investors’ rights
You can click on https://www.treetopam.com/en/regulatory-information for a summary of investors' rights (in English) in the “Rights of Investors in UCIs managed by TreeTop”.
Documents
It is essential to read and acknowledge the fund information documents before to subscribe. The KID, prospectus and the last annual and semi-annual reports are at your disposal in English, French and Dutch.
The NAVs of the subfund are also published on the www.fundinfo.com website.
You can obtain additional information on this fund, including the prospectus, the KID, the latest annual report, any later semi-annual report and the most recent price of the shares from the fund management company established at 12, rue Eugène Ruppert, L-2453 Luxembourg. They are available free of charge in English, French and Dutch or on https://www.treetopam.com/en/funds/treetop-active-funds.
Fund strategy
The product aims to increase the value of your investment over the long term.
Under normal market conditions, the main part of the product is invested in convertible bonds and/or other fixed-income securities, bank deposits and warrants or call options on shares and, up to a maximum of 10% of the assets of the product, in units of collective investment undertakings representing these asset classes. The product may also invest in shares and other equity-linked securities and use derivatives for investment purposes or to reduce investment risk (hedging). Based on criteria such as innovation, quality of management, valuation and leadership, the manager selects companies around the world that it believes have strong growth prospects or are undervalued. The product invests in a concentrated portfolio of shares of these companies and/or instruments convertible into shares or giving the right to acquire shares of these companies.
The manager's objective is to hedge positions in currencies other than EUR representing more than 2.5% of the net asset value of the product.
You may place orders to buy or sell the product on a daily basis.
This product does not distribute dividends (which means that the income generated is added to the price of the product).
The product is aimed at individual investors wishing to invest for the long term (we recommend an investment horizon of 5 years). The investor must have a good knowledge of the risks associated with financial markets and be prepared to accept capital losses due to fluctuations in the value of the assets in the portfolio.
These objectives as well as the investment policy are an exact copy of those indicated in the corresponding KID.
The investment which is promoted concerns the acquisition of units or shares in a fund, and not in a given underlying asset.
The product is actively managed.
Fund Managers
Main risk factors defining the risk level
The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.
We have classified this product as 3 out of 7, which is a medium-low risk class. This indicator assesses potential losses in future returns at a mediumlow level, and it is unlikely that poor market conditions will affect the value of the shares in which the product invests and therefore the value of the product itself.
This level of risk reflects the fact that the product invests in shares and/or other instruments (such as more volatile warrants and convertible bonds), may invest in a limited number of securities and may favor particular economic sectors or regions. Moreover, the product may invest a part of its portfolio in warrants or call options on shares that are more volatile than shares and may loose their value at expiry date.
This product does not include any protection from future market performance so you could lose some or all of your investment.
Other risks to be considered
Under unusual market conditions, additional risks could arise:
- Liquidity risk: convertible bonds may become hard to value or to sell at a desired price and time.
- Default risk: an issuer's bonds could become worthless if it is unable to repay its debts.
- Legal and tax risks: the product could be affected by foreign legal and tax changes, some of which may be retroactive.
- Counterparty risk: the product could lose money if any entity with which it does business becomes unwilling or unable to honor its obligations to the product.
Please refer to the prospectus for more details.