TreeTop Multi Strategies Balanced AD EUR
Evolution of the annual performance of TreeTop Multi Strategies Balanced AD EUR
Evolution of the NAV (Net Asset Value) of TreeTop Multi Strategies Balanced AD EUR
Latest NAV in EUR
as of 19-02-2020
Annualized returns as of 19-02-2020
* from launch date of the sub-fund (2019).
Past performance is 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.
|Name of fund||TreeTop SICAV|
|Name of sub-fund||TreeTop Multi Strategies Balanced|
|Type of product/ legal form/ applicable duty and applicable duration||UCITS sub fund, being a SICAV under Belgian Law with undefinite end|
|Share class||AD EUR|
|Minimum initial inv.||€250|
|Type of fund||UCITS|
|Type of investor||All investors|
|Frais en cas de changement de compartiment||0,10%|
|Stock exchange transaction tax at redemption (or conversion) in Belgium||N/A|
|Belgian tax on savings (Belgian withholding tax at redemption)||30%|
|Belgian withholding tax on dividends||30%|
Risk and Reward Profile
Potentially lower reward
Potentially higher reward
For more information about the fund’s risk/reward profile see the latest KIID and prospectus.
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.
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.
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.
This share class intends to distribute a dividend annually.
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 AD 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.
The investment process of TreeTop Multi Strategies Balanced aims to diversify the sources of return between different asset classes, different regions, different economic sectors and different global managers.
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 UCIs 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 UCIs primarily investing in bonds, money market instruments or bank deposits (the “Fixed-Income Instrument Component of the Portfolio”).
- The “Global Equity Component” will favour shares of UCIs managed or promoted by TreeTop Asset Management S.A. (the Management Company of TreeTop Multi Strategies Balanced) or its affiliates. Within this component, a balanced allocation between indexed UCIs and active UCIs will be sought.
- The “Fixed-Income Instrument Component” will favour shares of UCIs managed by third parties.
The resulting portfolio of the investment process is an international portfolio, balanced between the different asset classes, different risks and different investment styles. Ongoing monitoring of risk aims to ensure that the ""equity"" risk of the overall portfolio does not exceed 60%.
There are no financial instruments without risk and investing is always taking a gamble on the future. In addition to errors in judgment, the numerous uncontrollable events of a political (political crisis, war...), economic, financial (banking crisis, monetary policy change…), technological (discovery causing profound changes...) or of a specific nature for each company (strategic error, competitive changes...) can seriously penalize a potentially interesting investment.
The most effective way to reduce risk is to diversify the sources of return and risk among the different asset classes, different regions, different economic sectors and different global managers.
Diversification of asset classes and preservation of capital
The overall portfolio includes a “Fixed-Income Component” the principal aim of which is the protection of invested capital. The sub-fund's objective is that the weighting of this component represents no less than 40% of the total portfolio.
Weighting of investments
The sub-fund's exposure to shares will not exceed 60%.
Geographic and sector Diversification
The sub-fund may invest in securities from issuers anywhere in the world, including in emerging markets and across different sectors.
Main risk factors defining the risk level
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).
(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
Equity Play / Yield Play
Top 5 convertible bonds
Top 5 equities
Top 10 by instrument
Evolution of ratios
* Before 30/06/2006, these data are issued from underlying stocks of the SICAV TreeTop Convertible International.