Fund performance

Annual performance
TreeTop World ESG Leaders Equity Index AH

Evolution of the annual performance of TreeTop World ESG Leaders Equity Index AH vs Reference Index(1)

(1) From the launch until 25/01/2021, the reference index was MSCI ACWI Index net dividends reinvested in EUR. Since 26/01/2021, the reference index is MSCI ACWI ESG Leaders Index net dividends reinvested 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 World ESG Leaders Equity Index AH vs Reference Index(1)

(1) From the launch until 25/01/2021, the reference index was MSCI ACWI Index net dividends reinvested in EUR. Since 26/01/2021, the reference index is MSCI ACWI ESG Leaders Index net dividends reinvested in EUR. The performance achieved before this date was achieved under conditions that no longer exist.

Latest NAV in EUR
(24-01-2023)
1600,34

Cumulative returns
as of 24-01-2023

Fund Reference Index (1)
YTD 5,35% 4,22%
1 year -7,65% -4,85%

Annualized returns as of 24-01-2023

Fund Reference Index (1)
3 years 5,12% 5,91%
5 years 4,49% 8,02%
Origin* 6,14% 7,29 %

(1) From the launch until 25/01/2021, the reference index was MSCI ACWI Index net dividends reinvested in EUR. Since 26/01/2021, the reference index is MSCI ACWI ESG Leaders Index net dividends reinvested in EUR. The performance achieved before this date was achieved under conditions that no longer exist.
* from launch date of the sub-fund (2015).

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

Source: Amundi Asset Management for the period 2015 – 2023

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 returns are based on the historical NAVs which are available on the www.fundinfo.com website.

General information

General information: the word "fund" is used as a generic term to designate SICAVs and sub-funds of SICAVs.
Name of fund TreeTop SICAV
Name of sub-fund TreeTop World ESG Leaders Equity Index
Management Company TreeTop Asset Management S.A.
Delegated Investment Manager Amundi Asset Management
Type of product/ legal form/ applicable duty and applicable duration UCITS sub fund, being a SICAV under Belgian Law with undefinite end
Share class AH EUR
Dividend policy Capitalisation
Launch date 2015
ISIN code BE6275985859
Minimum initial inv. €250
Type of fund UCITS
Liquidity Daily
Domicile Belgium
Type of investor Natural or legal persons (non-professionals)
Management fee 0.525%
Performance fee -
Entry fee 0.1%
Outgoing fee 0.05%
Fee for a change of sub-fund 0.10% + the possible difference between the management fee of the new subfund and that of the current subfund
Ongoing charges* 0.80%
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
The tax regime applies to an average retail customer, being a natural person residing in Belgium.

 

Risk indicator

1 2 3 4 5 6 7

Lower risk

Higher risk

For more information about the fund’s risk indicator/reward profile, see the latest KIID and prospectus.

* Management fees are included in ongoing charges

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. The KID, prospectus and the last annual and semi-annual reports are at your disposal.

The NAVs of the sub­fund are also published on the www.fundinfo.com website.

These documents are available on request and free of charge, in French and Dutch, from TreeTop Asset Management Belgium, 79 rue des Francs, 1040 Brussels or from the bank in charge of the fund administration in Belgium: CACEIS Bank, Belgium Branch, Avenue du Port 86C boite 320, 1000 Brussels or on www.treetopam.com

Fund strategy

The fund aims to replicate, as closely as possible, as part of passive management, the performance of the MSCI ACWI ESG Leaders Index net return (the “Index”), regardless of whether its performance is  positive or negative. The Management Company aims to achieve a tracking error level (ex-ante)  between changes in the valuation of shares of the fund and that of the Index of less than 5% (no  guarantee is given in this regard by the Management Company).

This share class provides partial currency exchange hedging: 100% hedging of currency risk against EUR in the following currencies: USD, GBP, JPY, CAD, CHF and AUD and without hedging on other currencies. Given the composition of the Index as of December 31, 2020, this means that the portion of the portfolio not hedged against currency risk is approximately 15%, this proportion being subject to change depending on the weight of currencies not covered within the Index. In this respect, the different share classes proposed may have different levels of spread compared to the Index, due in particular to the impact that the currency risk hedging strategy may have. For this share class, the currency risk will be reduced by the partial coverage, but the tracking error compared to the MSCI ACWI ESG Leaders Index, which is not currency hedged, will be higher. The historical differences this level of tracking error to be estimated at 5% (based on normal market conditions); this level however may be exceeded in case of high currency volatility between them.

The Index is an equity index calculated and published by the international index provider MSCI Inc. (“MSCI”). The shares forming the MSCI ACWI ESG Leaders Index are among the most significant values of the equity markets in developed and emerging countries. They represent among the companies making up the MSCI ACWI Index the securities of companies having according to the index provider the best ratings in environmental, social and governance (ESG) matters.

The exposure to the Index will be achieved through physical replication with a direct investment in all components of the Index. This replication can lead to portfolio transaction costs having a considerable impact on the investment return. These costs are borne by the assets of the fund. However, in order to handle the entries and exits, as well as the characteristics of the local equity markets (market access, liquidity, local tax), the Management Company will be able to combine physical replication with synthetic replication by using derivative instruments such as futures contracts and/or other UCIs, including Exchange Traded Funds. In the event of synthetic replication of the Index, counterparty risk will be higher.

This share class does not distribute dividends (which means that the income generated by the sub-fund is added to the share price).

You can request the redemption of your shares every bank working day in Brussels, the redemption operations are carried out on a daily basis, subject to the limitations outlined in the prospectus and the articles of association.

The sub-fund is aimed at individuals or legal entities wishing to invest for the long term (we recommend an investment horizon of 5 years). The investor must have a good knowledge of the risks associated with financial markets and be prepared to accept capital losses due to fluctuations in the value of the assets in the portfolio.

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

Fund Manager

Amundi Asset Management

Main risk factors defining the risk level

We have classified this product as 4 out of 7, which is a medium risk class. This indicator assesses potential losses in future returns at a medium level, and poor market conditions could affect the value of the shares in which the Fund invests and therefore the value of the shares issued by the Fund itself. This level of risk reflects the fact that the fund invests in shares which are more risky than bonds or money market instruments.

As this product does not include capital protection, particularly against market fluctuations, you could lose all or part of your investment, but not more than the amount of your investment.

Other risks to be considered

Moreover, it is be exposed to other risks:

  • Sustainability risk: environmental, social or governance event or condition that could cause an important negative impact on the value of an investment.
  • Counterparty risk : the risk that the credit institution may not honour its commitments with regard these instruments. This risk is present when using financial derivative instruments to ensure the synthetic replication of the Index or to hedge the currency risk.
  • Currency exchange risk: the fund invests in securities denominated in currencies other than that of the fund, the risk that the value of an investment may be influenced by exchange rate fluctuations is real.
You can access the sustainability-related disclosures for this fund in the “Documents” section here above, or by cliking on the following link: INDEX Sustainability-related disclosures DEC22