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Fund performance

Annual performance
TreeTop Institutional US Buyback Equity I EUR

Evolution of the annual performance of TreeTop Institutional US Buyback Equity I EUR vs Reference Index(1)

(1) From the launch until 31/08/2023, the fund had no reference index and was actively managed. Since 01/09/2023, the fund became a passive fund, replicating the reference index S&P500 Buyback FCF in EUR. The performance achieved before this date was achieved under conditions that no longer exist.

Evolution of the NAV (Net Asset Value) of TreeTop Institutional US Buyback Equity I EUR vs Reference Index(1)

(1) From the launch until 31/08/2023, the fund had no reference index and was actively managed. Since 01/09/2023, the fund became a passive fund, replicating the reference index S&P500 Buyback FCF in EUR. The performance achieved before this date was achieved under conditions that no longer exist.

Latest NAV in EUR
(17-04-2024)
1206,90

Cumulative returns
as of 17-04-2024

Fund Reference Index (1)
YTD 13,49% 14,05%
1 year 12,43%

Annualized returns as of 17-04-2024

Fund
Origin* 8,38%

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

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

Source: Degroof Petercam Asset Services for the period 2021 - 2024

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.

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 Institutional
Name of sub-fund TreeTop Institutional US Buyback Equity
Type of product/ legal form/ applicable duty and applicable duration Sub-fund of an institutional SICAV under Belgian law with undefinite end
Share class I EUR
Dividend policy Distribution
Launch date 2021
ISIN code BE6331894251
Minimum initial inv. € 250,000
Type of fund Non-UCITS
Liquidity Daily
Domicile Belgium
Type of investor Eligible Investors only*
Management fee 1.00%
Performance fee -
Entry fee 0%
Management fees and other administrative or operating costs 1.3%
Transaction costs 0.2%
Stock exchange transaction tax at redemption (or conversion) in Belgium N/A
Belgian tax on savings (Belgian withholding tax at redemption) N/A

 

Risk indicator

1 2 3 4 5 6 7

Lower risk

Higher risk

For more information about the fund’s risks see the latest KID and Information Memorandum.

* Professional investors or who have requested to be listed as eligible investors by the FSMA

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. These documents are available via the documents button. The Information Memorandum and the last annual reports are at your disposal.

You can obtain additional information on this fund, including the KID (in French, English and Dutch), the Information Memorandum (in English), the latest annual report (in French and English) and the most recent price of the shares from the fund management company established at 12, rue Eugène Ruppert, L-2453 Luxembourg or on https://www.treetopam.com/en/funds/treetop-index-funds. They are available free of charge.

Fund strategy

The primary objective of the product is to generate a long-term capital gain on the capital invested. It will also allow its shareholders subject to corporate income tax in Belgium to benefit from the regime of definitively taxed income (RDT). Investors' attention is however drawn to the fact that the product's portfolio may not be 100% composed of shares qualifying for the RDT-DBI regime. In normal market circumstances, the Management Company will ensure that the product's portfolio is composed of at least 75% of shares eligible for the RDT-DBI regime.
The product will seek to achieve its objective by closely replicating, through a passive portfolio management, the composition of the S&P 500 Buyback FCF Index (“the Index”). The Index is an equity index, calculated and published by S&P Dow Jones Indices LLC, composed of stocks of 30 large US companies which are characterized by: (i) a high buyback ratio, (ii) high liquidity and (iii) a high free cash flow yield. The exposure to the Index will be achieved primarily through a physical replication by investing directly in the securities comprising the Index in a proportion that is close to their proportion in the Index. The Manager may however remove from the product's portfolio certain constituents of the Index, notably: (i) shares of companies which, according to sources available to the Manager, are involved in the manufacture and marketing of antipersonnel landmines and cluster bombs, (ii) shares of companies included on national or supranational exclusion lists in relation to the fight against money laundering and the financing of terrorism, (iii) shares the weight of which would be too low and/or the investment cost of which would be too high, and/or (iv) shares of companies which, in the opinion of the Manager, may not qualify for the RDT-DBI regime. The management company will periodically rebalance the portfolio to ensure that it continues to track the composition of the Index.
The value of the product depends directly on the value of the assets in the product's portfolio (net asset value). The product may redeem its own shares at the request of investors at a price corresponding to this net asset value. The product manufacturer is not obliged to redeem the product from you and all payment and remittance obligations referred to in this document shall (notwithstanding any wording to the contrary) be understood as obligations of the product and not of the product manufacturer.
This product intends to distribute a dividend annually.

The product may only be subscribed by Eligible Investors (within the meaning of article 3, 31° of the AIFM Law and also qualifying as a non-US Person). The investment should be viewed as long term and may not be appropriate for all Eligible Investors. The product is intended for Eligible Investors with a good understanding of the risks associated with investing in equity stocks and who wish to be invested in a portfolio of large US companies generating a high free cash-flow yield and buying back their shares. Investors must be ready to accept losses due to fluctuations in stock market prices (involving, if applicable, a total loss of their investment).

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.

Fund Manager

TreeTop Asset Management S.A.

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.
Due to effects of unusual market conditions, additional risks could be triggered, such as Regulatory risks (the regulatory and legal requirements to which the product and its investors may be subject to are evolving and could differ materially in the future). Please refer to the Information Memorandum for more details.
This product does not include any protection from future market performance so you could lose some or all of your investment.