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Fund performance

Annual performance
TreeTop Equity Global Leaders RDT-DBI AD EUR

Evolution of the annual performance of TreeTop Equity Global Leaders RDT-DBI AD EUR vs DJ Global Titans 50(1)

(1) Dow Jones Global Titans 50 Index in EUR. The fund is actively managed and its portfolio differs from the index mentioned. Consequently, the performance of the fund will differ from the performance of the index. In addition, the returns calculated on a daily basis may show performance discrepancies between the fund and the index due to the time lag between the calculation dates of these values.

Evolution of the NAV (Net Asset Value) of TreeTop Equity Global Leaders RDT-DBI AD EUR vs DJ Global Titans 50(1)

(1) Dow Jones Global Titans 50 Index in EUR. The fund is actively managed and its portfolio differs from the index mentioned. Consequently, the performance of the fund will differ from the performance of the index. In addition, the returns calculated on a daily basis may show performance discrepancies between the fund and the index due to the time lag between the calculation dates of these values.

Latest NAV in EUR
(16-04-2024)
150,02

Cumulative returns
as of 16-04-2024

Fund DJ Global Titans 50 (1)
YTD 13,85% 13,45%
1 year 33,51% 33,18%

Annualized returns as of 16-04-2024

Fund DJ Global Titans 50 (1)
3 years 11,46% 11,80%
Origin* 13,44% 13,26 %

* from launch date of the sub-fund (2021).

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

Source : CACEIS Bank, Belgium Branch et Bloomberg for the period 2021 - 2023

The returns are calculated in the reference currency: EUR.

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 SICAV
Name of sub-fund TreeTop Equity Global Leaders RDT-DBI
Management Company TreeTop Asset Management S.A., a management company under Luxembourg law
Type of product/ legal form/ applicable duty and applicable duration UCITS sub fund, being a SICAV under Belgian Law with undefinite end
Share class AD EUR
Dividend policy Distribution
Launch date 2021
ISIN code BE6325079976
Minimum initial inv. € 5,000
Type of fund UCITS
Liquidity Daily
Domicile Belgium
Type of investor Natural or legal persons
Management fee 1.00%
Performance fee -
Entry fee 0%
Fee for a change of sub-fund 0% or 0.1% for a change to the TreeTop World ESG Leaders Equity Index subfund.
Management fees and other administrative or operating costs 1.3%
Transaction costs 0.1%
Stock exchange transaction tax at redemption (or conversion) in Belgium N/A
Belgian tax on savings (Belgian withholding tax at redemption) N/A
Belgian withholding tax on dividends 30%
The tax regime applies to an average retail customer, being a natural person residing in Belgium.

 

Risk indicator

1 2 3 4 5 6 7

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 French and Dutch.

The NAVs of the subfund are also published on the www.fundinfo.com website.

These documents are available on request and free of charge, in French and Dutch, from TreeTop Asset Management Belgium, 79 rue des Francs, 1040 Brussels or from the bank in charge of the fund administration in Belgium: CACEIS Bank, Belgium Branch, Avenue du Port 86C boite 320, 1000 Brussels or on https://www.treetopam.com/en/funds/treetop-active-funds.

Fund strategy

The product aim is twofold: (i) to provide its shareholders with exposure to the stock market of large multinational companies and (ii) to have its shareholders subject to corporate tax in Belgium benefit from the regime of definitively taxed income ("RDT").
The product's investment universe mainly comprises constituents from the Dow Jones Global Titans 50 EUR index (the "Index"), which consists of approximately 50 stocks from multinational companies from around the world. In order to construct the product’s portfolio, the Management Company removes, at its discretion, certain constituents from the Index, notably: (i) the shares of companies that, in the Management Company’s opinion, may not give entitlement to the RDT regime, (ii) the shares of companies that, according to the sources available to the Management Company, are involved in the manufacture and sale of anti-personnel landmines and cluster bombs, tobacco production, gambling, violation of humans rights, and (iii) the shares of companies included on national or supranational exclusion lists in relation to the fight against money laundering and the financing of terrorism. Moreover, in order to limit the risk of concentration, the Management Company limits the portfolio exposure to shares of a given issuer to a maximum of 7.5% of the NAV at each quarterly review.
The Dow Jones Global Titans 50 EUR Index is the investment universe of the product. It is provided for information purpose only as the product's objective is not to replicate the performance of the Index, and therefore the portfolio composition will show a significant departure from the index in terms of constituents and of weighting.
The product will ensure that it has exposure to the equity market at all times with a view to maximizing the so-called “RDT” tax exemption for investors subject to corporate tax in Belgium. Investors' attention is however drawn to the fact that the portfolio may not be 100% composed of shares qualifying for the RDT regime and that the income and capital gains linked to the product may therefore not be 100% deductible in the case of investors constituted in the form of companies subject to corporate tax in Belgium. Under normal market circumstances, the Management Company will, however, ensure that the portfolio is made up of at least 80% of shares giving entitlement to the RDT regime.
You can request the redemption of your shares every bank working day in Brussels, the redemption operations are carried out on a daily basis, subject to the limitations outlined in the prospectus and the articles of association.
This product intends to distribute a dividend annually.
The product is aimed at individual or corporate investors wishing to invest for the long term (we recommend an investment horizon of 6 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 Manager

TreeTop Asset Management S.A.

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 5 out of 7, which is a medium-high risk class. This indicator assesses potential losses in future returns at a medium- high level, and poor market conditions will likely 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 which are more volatile than bonds or money market instruments.

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

Due to effects of unusual market conditions, additional risks could be triggered, such as :

  • Concentration risk : the number of companies in which the product is invested is less than one hundred. The asset value may therefore experience more substantial price variations than that of broadly diversified global stock indices
  • Capital risk : the product is not subject to capital guarantee or capital protection. Investors may, therefore, lose all or part of their capital
  • Sustainability risk : environmental, social or governance event or condition that could cause an important negative impact on the value of an investment
  • Risk associated with external factors : uncertainty relating to certain environmental elements, such as the tax regime
  • Currency risk : risk of an investment value being affected by a change in the exchange rate.
     

Please refer to the prospectus for more details.