Fund performance

Annual performance
TreeTop Global Balanced AH EUR

Evolution of the annual performance of TreeTop Global Balanced AH EUR

Evolution of the NAV (Net Asset Value) of TreeTop Global Balanced AH EUR

Latest NAV in EUR
(02-08-2021)
167,16

Cumulative returns
as of 02-08-2021

YTD 5,14%
1 year 18,55%

Annualized returns as of 02-08-2021

3 years 5,24%
5 years 5,94%
Origin* 5,43%

* from launch date of the sub-fund (2011).

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

Source: Degroof Petercam Asset Services and Bloomberg for the period 2011 - 2021

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 yields are based on the historical NAVs which are consultable in the newspapers l'Echo or De Tijd.

General information

General information: the word "fund" is used as a generic term to designate SICAVs and sub-funds of SICAVs.
Name of fund TreeTop Global SICAV
Name of sub-fund TreeTop Global Balanced
Management Company TreeTop Asset Management S.A.
Type of product/ legal form/ applicable duty and applicable duration UCITS sub fund, being a SICAV under Luxembourg Law with undefinite end
Share class AH EUR
Dividend policy Capitalisation
Launch date 2011
ISIN code LU0694355487
Minimum initial inv. €250
Type of fund UCITS
Liquidity Daily
Domicile Luxembourg
Type of investor All investors
Management fee 1.00%
Performance fee 12% (cf Prospectus)
Entry fee 0%
Ongoing charges* 1.27%
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.

 

Risk and Reward Profile

1 2 3 4 5 6 7

Lower risk (but not risk-free)

Potentially lower reward

Higher risk


Potentially higher reward

For more information about the fund's risk/reward profile see the latest KIID and prospectus.
Other risks are mentioned in the 'Risk management' here under.

* Management fees are included in ongoing charges

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.

 

Documents

It is essential to read and aknowledge the fund information documents before subscribing. The KIID, prospectus and the last annual and semi annual reports are at your disposal.

The NAVs of the sub­fund are also published in the newspapers l'Echo or De Tijd.

You can obtain additional information on this fund, including the prospectus, 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.

Fund strategy

The sub-fund aims to increase the value of your investment over the long term through the active management of a diversified portfolio comprising different asset classes.

Under normal market conditions, the sub-fund invests in a diversified portfolio made up of different asset classes. The sub-fund may be exposed, on one hand, to international shares and, on the other hand, interest rate instruments, including bonds, money market instruments and bank deposits. Exposure to interest rate instruments is either through direct investments in these instruments or indirect investments through units of undertakings for collective investment in this type of instrument. The sub-fund may also use derivatives for investment purposes or to reduce investment risks (hedging). The subfund may invest in securities from issuers anywhere in the world, including in emerging markets, China and Russia. The sub-fund's exposure to shares of the asset class will not exceed 60%.

With a view of diversifying the sources of performance, the sub-fund is managed by different fund managers of TreeTop Asset Management, each following its own global active management approach. The manager's objective is to hedge positions in currencies other than the Euro which represent more than 2.5% of the net asset value of the share class.

The sub-fund is managed on a discretionary basis with no reference to any indices.

The sub-fund may not be appropriate for investors who plan to withdraw their money within 4 years.

This share class does not distribute dividends (meaning that any income earned by the sub-fund is added to the share price).

You can place orders to buy or sell shares of the sub-fund daily.

These objectives as well as the investment policy are an exact copy of those indicated in the  corresponding KIID.

Fund Managers

Jacques Berghmans
Andrew Dalrymple
Sharon Bentley-Hamlyn

Main risk factors defining the risk level

The sub-fund does not offer either protection or any capital guarantee or a guaranteed yield. 

The risk/reward rating of the sub-fund reflects the following factors: 1) up to 60% of the sub-fund may be invested in shares, 2) the sub-fund 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, and 3) the sub-fund may favour particular economic sectors or regions, including emerging markets.

Other risks to be considered

Moreover, it is also exposed to the following risks: 

  • Liquidity risk: Convertible bonds may become hard to value or to sell at a desired price and time particularly when market conditions are unusual or when the issuer encounters financial difficulties.
  • Default risk: An issuer's bonds could become worthless if it is unable to repay its debts.
  • Legal and tax risks: The sub-fund could be affected by foreign legal and tax changes, some of which may be retroactive.
  • Counterparty risk: The sub-fund could lose money if any entity with which it does business becomes unwilling or unable to honour its obligations to the sub-fund.

Portfolio allocation

Geographic spread

* included: Cash & deposits 27,8% - Gov. Bonds 3,5%

Top 10 sorted by underlying

Type of securities

Sector breakdown by underlying value

Consumer Discretionary Sector: encompasses businesses sensitive to economic cycles (automotive, household durable goods, textiles & apparel, hotels, restaurants, leisure facilities, media and consumer retailing).

Consumer Staples Sector: encompasses businesses less sensitive to economic cycles (food, beverages and tobacco, non-durable household goods, personal products, drug retailing and consumer super centers).

Top 5 convertible bonds

Description Weight (% NAV)
Total 10,0%
AGEAS / FORTIS BANK SA/NV FLOATING RATE PERPETUAL 9,0%
INDIABULLS HOUSING FINANCE 1,0%

Top 5 equities

Description Weight (% NAV)
Total 6,0%
SEA LTD-ADR 2,0%
CHINASOFT INTERNATIONAL LTD 1,0%
NORWEGIAN FINANS HOLDING AS 1,0%
MEITUAN DIANPING B 1,0%
TENCENT HOLDINGS LTD 1,0%

Top 10 by instrument

Market capitalisation

Other statistics