Fund performance

Annual performance
TreeTop Multi Strategies Dynamic A EUR

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

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

Latest NAV in EUR
(12-02-2020)
123,68

Cumulative returns
as of 12-02-2020

YTD 4,72%
1 year 20,58%

Annualized returns as of 12-02-2020

Origin* 23,68%

* 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.

General information

Name of fund TreeTop SICAV
Name of sub-fund TreeTop Multi Strategies Dynamic
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 BE6302945793
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 0,71%
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

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 -1,02% - - - - - - - - - - - 4,72% (YTD)
2019 - 4,38% 1,57% 2,53% -4,18% 5,14% -0,20% -1,04% 0,88% 2,71% 2,06% 2,80% 18,10%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Perf. Ann.
2020 116,90 - - - - - - - - - - - 4,72% (YTD)
2019 - 104,83 106,48 109,17 104,61 109,99 109,77 108,63 109,59 112,56 114,88 118,10 18,10%

Fund strategy

In subscribing to TreeTop Multi Strategies Dynamic, you are investing in a sub-fund whose objective is to exposure to shares of companies in global developed and emerging markets 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 100% 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 sub-fund will seek a balanced allocation between indexed undertakings for collective investment aiming to track stock indices as closely as possible and actively managed undertakings for collective investment having an investment policy of selecting shares according to a manager-specific approach, regardless of whether they are part of a stock index. The choice of undertakings for collective investment will seek to ensure diversification in management styles, economic sectors and geographic areas. Active undertakings for collective investment will mainly be undertakings for collective investment managed or promoted by TreeTop Asset Management S.A. or its affiliates.

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 6 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.

The investment process of TreeTop Multi Strategies Dynamic aims to expose the portfolio to shares of companies while diversifying the sources of return between different investment styles, different regions, different sectors and different global managers.

The overall portfolio is divided between UCIs whose investment objective is to track stock indices (the "Index Management Component" of the portfolio) and actively managed UCIs whose investment objective is to select shares according to a manager-specific approach (the "Active Management Component").

The Index Management Component is invested in UCIs aiming to track stock indices as closely as possible and replicate the performance of largely diversified indices. The Active Management Component is mainly invested in UCIs managed or promoted by TreeTop Asset Management S.A. (the Management Company of TreeTop Multi Strategies Dynamic) or its affiliates. These UCIs have a more concentrated portfolio of stockes selected according to the manager-specific approach, regardless of whether they are part of a stock index.

The resulting portfolio of the investment process is an international portfolio, with a strong stocks component and largely diversified in terms of geographic and sector allocation. The "stock" risk can represent up to 100% of the overall portfolio. 

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.

Weighting of investments

The sub-fund will invest up to 100% of its assets in UCIs investing mainly in shares and other eligible financial assets whose performance is linked to shares.

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 mainly in shares of UCIs investing 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:  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

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

Equity Play / Yield Play

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