Fund performance

Annual performance
TreeTop Multi Strategies Balanced A EUR

Evolution of the annual performance of TreeTop Multi Strategies Balanced A EUR


The sub-fund does not have data for a full calendar year allowing to display the diagram of past performances.

Evolution of the NAV (Net Asset Value) of TreeTop Multi Strategies Balanced A EUR

Latest NAV in EUR
(01-12-2020)
118,33

Cumulative returns
as of 01-12-2020

YTD 6,79%
1 year 8,55%

Annualized returns as of 01-12-2020

Origin* 9,52%

* from launch date of the sub-fund (2019).

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

Source : Caceis Belgium for the period 2015 – 2019

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 SICAV
Name of sub-fund TreeTop Multi Strategies 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 Belgian Law with undefinite end
Share class A EUR
Dividend policy Capitalisation
Launch date 2019
ISIN code BE6302947815
Minimum initial inv. €250
Type of fund UCITS
Liquidity Daily
Domicile Belgium
Type of investor All investors
Management fee 0.40%
Performance fee 0%
Entry fee 0%
Frais en cas de changement de compartiment 0,10%
Ongoing charges 1.22%
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

 

Risk and Reward Profile

1 2 3 4 5 6 7

Lower risk

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.

Fund strategy

In subscribing to TreeTop Multi Strategies Balanced, you are investing in a sub-fund whose objective is to provide shareholders with exposure to various asset classes indirectly through investments in units or shares of undertakings for collective investment.

Under normal market conditions, the sub-fund's portfolio mainly consists of shares of undertakings for collective investment with variable capital (“UCI”). The sub-fund may invest up to 60% of its net assets in shares of undertakings for collective investment investing mainly in shares and/or other securities giving access to the capital of companies in global developed and emerging markets (the “Global Equity Component of the Portfolio”). Up to 50% of the sub-fund’s net assets may be invested in shares of undertakings for collective investment primarily investing in bonds, money market instruments or bank deposits (the “Fixed-Income Instrument Component of the Portfolio”).

The Global Equity Component of the portfolio will favour shares of undertakings for collective investment managed or promoted by the Management Company or affiliates of the Management Company. Within this component, a balanced allocation between indexed undertakings for collective investment and active undertakings for collective investment will be sought. The Fixed-Income Instrument Component of the portfolio will favour shares of undertakings for collective investment managed by third parties.

The sub-fund is actively managed without referring to any stock market indices.
The sub-fund will not engage in securities lending.

Net income and net realised gains of the sub-fund are systematically reinvested.
The sub-fund currency is the euro.

You may request reimbursement of your shares on any banking day in Brussels; buyback operations are executed on a daily basis. For more information on the composition of the sub-fund and its operation, please refer to the prospectus of the SICAV.

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

The A share class is offered to the public, whether individuals or non-professional legal entities. The initial minimum subscription is EUR 250.

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

Fund Manager

TreeTop Asset Management S.A.

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 fact that it invests up to 60% of its net assets in shares of UCIs investing mainly in shares. But the price of shares is generally more volatile than the price of bonds or money market instruments. 

Other risks to be considered

Moreover, it is also exposed to the following risks: 

  • Credit risk: up to 50% may be invested in shares of UCIs investing mainly in bonds, money market instruments or bank deposits, which are exposed to the risk of default of their issuers.
  • Capital risk: the sub-fund is not subject to capital guarantee or capital protection.
  • Currency risk: although the shares of UCIs held are denominated in EUR, the assets held may be denominated in various currencies depending on the markets in which these UCIs invest. Fluctuations in exchange rates between the euro and these various currencies will therefore have an influence on the NAV of the sub-fund.
  • Risk associated with external factors: uncertainty relating to certain environmental elements, such as the tax regime.

Portfolio allocation

Active management is based on one or more professionals to manage a fund portfolio according to their convictions. These convictions are based on analyses and research that they carry out in order to identify the investments that seem to be the most promising in order to outperform the market reference of the managed portfolio.
The objective of passive management is to replicate, as closely as possible, the performance of a benchmark index. The chosen benchmark comprising many components, passive management provides access to a broadly diversified portfolio.

Geographic spread

(1) This fund invests in other funds. Portfolio structure information are based on the investments and securities held directly and through these funds.

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

Top 5 equities

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