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Fund performance

Annual performance
TreeTop Convertible International CH GBP

Evolution of the annual performance of TreeTop Convertible International CH GBP

Evolution of the NAV (Net Asset Value) of TreeTop Convertible International CH GBP

Latest NAV in GBP
(03-10-2023)
110,81

Cumulative returns
as of 03-10-2023

YTD 0,23%
1 year 6,67%

Annualized returns as of 03-10-2023

3 years 0,05%
5 years -0,96%
10 years -0,06%
Origin* 0,63%

* from launch date of the sub-fund (2007).

Past performance and NAV evolution are no guarantee of future performance.

Source: Degroof Petercam Asset Services for the period 2007 - 2023

The returns are calculated in the reference currency: GBP (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 CH GBP
Dividend policy Capitalisation
Launch date 2007
ISIN code LU0305892035
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 1.80%
Costs may increase or decrease as a result of currency and exchange rate fluctuations.
Transaction costs 0.9%
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

1 2 3 4 5 6 7

Lower risk

Higher risk

For more information about the fund’s risk indicator/reward profile, see the latest KIID 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 main part of the portfolio is managed in an endeavour to replicate the financial behaviour of a convertible bonds portfolio. To this end, the manager ensures that: (i) at least 50% of the portfolio consists of bonds and other fixed income securities; and (ii) the product's overall exposure to the equity market, through shares and other securities whose price is linked to shares, does not exceed 100% of its net assets.
The manager's objective is to hedge positions in currencies other than GBP 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

Ben Shields
Félix Berghmans
Jonathan Alvis

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 medium-low 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.

As this product does not include capital protection, particularly against market fluctuations, you could lose all or part of your investment, but not more than the amount of your investment.

Other risks to be considered

Under unusual market conditions, other 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.