Fund performance

Annual performance
TreeTop Global Dynamic A EUR

Evolution of the annual performance of TreeTop Global Dynamic A EUR vs MSCI AC World in EUR(1)

(1) MSCI All Countries World Index Net Dividend Reinvested 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.

Evolution of the NAV (Net Asset Value) of TreeTop Global Dynamic A EUR vs MSCI AC World in EUR(1)

(1) MSCI All Countries World Index Net Dividend Reinvested 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.

Latest NAV in EUR
(26-05-2020)
93,81

Cumulative returns
as of 26-05-2020

Fund MSCI AC World in EUR (1)
YTD -4,20% -11,44%
1 year 5,96% 0,33%

Annualized returns as of 26-05-2020

Fund MSCI AC World in EUR (1)
Origin* -3,31% 3,19 %

* from launch date of the sub-fund (2018).

Past performance is no guarantee of future performance.

Source: Degroof Petercam Asset Services and Bloomberg for the period 2018 - 2020

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

Name of fund TreeTop Global SICAV
Name of sub-fund TreeTop Global Dynamic
Type of product/ legal form/ applicable duty and applicable duration UCITS sub fund, being a SICAV under Luxembourg Law with undefinite end
Share class A EUR
Dividend policy Capitalisation
Launch date 2018
ISIN code LU1836394632
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%
Ongoing charges 1,74%
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) N/A
Belgian withholding tax on dividends N/A

 

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.

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.

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 and give a detailed response in the month following its receipt, provided that the complaint is complete and specific.

 

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.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ann. Perf.
2020 0,64% -4,58% -19,41% 15,98% - - - - - - - - -4,20% (YTD)
2019 10,25% 5,82% 0,96% 4,37% -4,49% 2,95% 0,65% -1,59% -0,34% 2,97% 4,62% 0,74% 29,49%
2018 - - - - - - - -0,40% -4,30% -13,03% 0,22% -8,77% -24,38%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Perf. Ann.
2020 98,55 94,04 75,79 87,90 - - - - - - - - -4,20% (YTD)
2019 83,37 88,22 89,07 92,96 88,79 91,41 92,00 90,54 90,23 92,91 97,20 97,92 29,49%
2018 - - - - - - - 99,37 95,10 82,71 82,89 75,62 -24,38%

Fund strategy

The sub-fund aims to increase the value of your investment over the long term.

Under normal market conditions, the sub-fund invests mainly in shares from issuers anywhere in the world, including in emerging markets, China and Russia. The sub-fund also invests in other types of securities that are consistent with its objective. The sub-fund may use derivatives for investment purposes or to reduce investment risks (hedging).

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 MSCI All Country World index provides a reference of the investment universe of the fund manager. It is provided for information purpose only as indeed the sub-fund is managed on a discretionary basis and its portfolio will show a significant departure from the index.

The sub-fund may not be appropriate for investors who plan to withdraw their money within 6 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) the sub-fund may invest in a limited number of shares, and 2) 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.
  • 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

Top 10 sorted by underlying

Type of securities

Sector breakdown by underlying value

Top 5 convertible bonds

Description Weight (% NAV)
Total 2,0%
ZHONGSHENG 0% 23/05/23 1,0%
SHANDONG WEIGAO / SURE FIRST 2% 16/01/25 1,0%

Top 5 equities

Description Weight (% NAV)
Total 13,0%
FUFENG GROUP LTD 3,0%
VIPSHOP HOLDING LTD ADR 3,0%
HORIZON THERAPEUTICS PLC 3,0%
HYPOPORT AG 2,0%
NORWEGIAN FINANS HOLDING AS 2,0%

Top 10 by instrument

Market capitalisation

Evolution of ratios

* Before 30/06/2006, these data are issued from underlying stocks of the SICAV TreeTop Convertible International.

Other statistics