Fund performance
Annual performance
TreeTop Global Dynamic D EUR
Evolution of the annual performance of TreeTop Global Dynamic D 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 D 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
(06-05-2021) |
114,86 |
|---|
Cumulative returns
as of 06-05-2021
| Fund | MSCI AC World in EUR (1) | |
|---|---|---|
| YTD | 2,83% | 10,84% |
| 1 year | 35,50% | 30,55% |
Annualized returns as of 06-05-2021
| Fund | MSCI AC World in EUR (1) | |
|---|---|---|
| Origin* | 4,99% | 13,13 % |
* from launch date of the sub-fund (2018).
Past performance and NAV evolution are no guarantee of future performance.
Source: Degroof Petercam Asset Services and Bloomberg for the period 2018 - 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 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 | D EUR |
| Dividend policy | Distribution |
| Launch date | 2018 |
| ISIN code | LU1836394715 |
| 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* | 1.75% |
| 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 and Reward Profile
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
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, 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.
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.
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 intends to distribute a dividend annually.
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
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
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 | 1,1% |
| JAZZ PHARMACEUTICALS 1 1/2 08/15/24 | 0,4% |
| JAZZ PHARMACEUTICALS 2 06/15/26 | 0,4% |
| COHERUS BIOSCIENCES 1 .5% 04/15/26 | 0,3% |
Top 5 equities
| Description | Weight (% NAV) |
|---|---|
| Total | 11,0% |
| SEA LTD-ADR | 3,0% |
| NORWEGIAN FINANS HOLDING AS | 2,0% |
| MEITUAN DIANPING B | 2,0% |
| TENCENT HOLDINGS LTD | 2,0% |
| FUFENG GROUP LTD | 2,0% |