Fund performance

Annual performance
TreeTop Patrimoine Conservative P EUR

Evolution of the annual performance of TreeTop Patrimoine Conservative P EUR vs Composite Index(1)

(1) Composite Index consisting of 70% Euro Government 1-3Y TR Bonds index and 30% MSCI All Countries World Index Net Dividend Reinvested in local currency. 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 Patrimoine Conservative P EUR vs Composite Index(1)

(1) Composite Index consisting of 70% Euro Government 1-3Y TR Bonds index and 30% MSCI All Countries World Index Net Dividend Reinvested in local currency. 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
(08-07-2020)
124,96

Cumulative returns
as of 08-07-2020

Fund Composite Index (1)
YTD 1,68% -0,18%
1 year 3,49% 1,85%

Annualized returns as of 08-07-2020

Fund Composite Index (1)
3 years 0,37% 2,61%
5 years 0,70% 2,59%
Origin* 2,58% 4,03 %

* from launch date of the sub-fund (2011).

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

Source: Degroof Petercam Asset Services and Bloomberg for the period 2011 - 2020

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 Portfolio SICAV
Name of sub-fund TreeTop Patrimoine Conservative
Type of product/ legal form/ applicable duty and applicable duration NON-UCITS sub fund, being a SICAV under Luxembourg Law with undefinite end
Share class P EUR
Dividend policy Capitalisation
Launch date 2011
ISIN code LU0675136062
Minimum initial inv. €250,000
Type of fund Non-UCITS
Liquidity Daily
Domicile Luxembourg
Type of investor All investors
Management fee 0.60%
Performance fee None
Entry fee Max. 1.5%
Ongoing charges 0.97%
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 N/A

 

Risk and Reward Profile

1 2 3 4 5 6 7

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.

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

The sub-fund aims to increase the value of your investment over the mid-term while protecting part of the capital invested.

Under normal market conditions, the sub-fund invests in a diversified portfolio with an emphasis on bonds denominated in Euro.  However, up to one third of the portfolio can be invested in shares.

Investments will be made either directly or through units of other funds. Investment in other funds will be mostly made in diversified funds not relying on borrowing and managed by the Manager and the sub-fund will invest in Euro share classes, hedged against the foreign exchange risk provided such share classes are available. The subfund may invest up to 100% of its assets in units of a single fund having an investment objective equivalent to that of the sub-fund. The sub-fund will not borrow for investment purposes.

The sub-fund is managed on a discretionary basis with no reference to any indices.

The sub-fund may not be appropriate for investors who plan to withdraw their money within 3 years.

This share class does not distribute dividends (meaning that any income earned by the sub-fund is added to the share price).

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

Jacques Berghmans
Andrew Dalrymple
Sharon Bentley-Hamlyn

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 up to one third of its portfolio in shares or units of funds invested in shares, 2) the sub-fund will invest at  least two third of its portfolio in fixed income instruments or units of funds investing in fixed income instruments, and 3) 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.
  • Default risk: An issuer's bonds could become worthless if it is unable to repay its debts.
  • 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 spread1

* incl.: Cash & deposit 53,9% - Gov. Bonds 8,8%

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

Top 10 sorted by underlying

Type of securities1

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

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 10,1%
AGEAS / FORTIS BANK SA/NV FLOATING RATE PERPETUAL 9,8%
TRICIDA 3.5% 05/15/27 0,3%

Top 5 equities

Description Weight (% NAV)
Total 4,0%
VIPSHOP HOLDING LTD ADR 0,9%
HORIZON THERAPEUTICS PLC 0,9%
FUFENG GROUP LTD 0,8%
HYPOPORT AG 0,7%
NORWEGIAN FINANS HOLDING AS 0,7%

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