(For classes C and CH related to the entry gift)

Legal form: Sub-fund of an Open ended fund under Belgian law, TreeTop SICAV.
Type of financial product: Undertaking for Collective Investment.
Duration of the product: Indefinite.
Management company: TreeTop Asset Management S.A., a Management company under Luxembourg law.
Delegated Investment Manager: Amundi Asset Management.
Liquidity: Daily (NAV published on the www.fundinfo.com website).
Fund objective: Replicate, as closely as possible, in the context of passive management, the performance of the MSCI ACWI ESG Leaders Index. The Management Company aims to achieve a tracking error level (ex-ante) between changes in the valuation of shares of the product and that of the Index of less than 1.5% for C class and 5% for CH class (no guarantee is given in this regard by the Management Company).
Portfolio composition: Mainly shares of companies worldwide, having according to the index provider the best ratings (“Best-in-Class” approach) in terms of  environmental, social and governance (ESG) within the MSCI ACWI index.
TreeTop World ESG Leaders Equity Index is a product that promotes environmental or social characteristics within the meaning of Article 8 of SFDR since it replicates the MSCI ACWI ESG Leaders Index, and it does not have sustainable investment as its objective.

The investment which is promoted concerns the acquisition of units or shares in a fund, and not in a given underlying asset.
The decision to invest in the promoted fund should take into account all the characteristics or objectives of the promoted fund.

MSCI ACWI ESG Leaders Index construction methodology

The MSCI ACWI ESG Leaders index is constructed by applying two filters to the companies comprising the Benchmark Index (MSCI ACWI):

• The exclusion of companies participating in controversial activities (example of excluded activities: alcohol, gambling, tobacco, weapons)
• ESG rating of the remaining companies according to the MSCI methodology, taking into account 35 issues in the environmental (such as carbon footprint or water use), social (such as occupational health and safety or product quality and safety) and governance field (such as the composition of Boards of Directors or shareholders’ rights)
• Selection by MSCI of companies with the highest ESG ratings, representing 50% of the market capitalization of each sector and region of the Benchmark Index.

MSCI Inc. is the international index provider responsible for evaluating the selection criteria (more information available at www.msci.com).
For more information on environmental, social or governance aspects, please refer to TreeTop SICAV’s prospectus.

Advantages:

• Broad diversified portfolio
• Multi-sectoral strategy
• Global strategy
• “Best-in-class” approach regarding ESG aspects
• Low fees compared to active management

Risks:

• Risk on loss of capital and no performance guarantee
• Market risk, mainly the risk associated with investments made in currencies other than the Euro
• Counterparty risk linked to the possible failure of a market entity
• Currency risk linked to investments made in currencies other than the Euro
• Sustainability risk: linked to the negative impact that an environmental, social or governance event or condition could cause

Please refer to the prospectus for more details about the risks.

Management costs: 0,15% per annum
Management fees and other administrative or operating costs: 0,4% per annum (C) / 0,4% per annum (CH)  
Transaction costs : 0.0% (C) / 0.2% (CH)
Change of subfund fee: 0.1% for a change to this subfund / 0.05% for a change to another subfund
Minimum subscription: 2500€
Non recurrent costs linked to the subfund:  0,05% on redemption
Stock exch. transaction tax: 1,32% (max. 4 000€)
Belgian savings tax on redemption: Not applicable
Belgian withholding tax: Not applicable
Classes C and CH: Share class reserved for investors who have an account with the Distributor, TreeTop Asset Management Belgium, and who instruct the Distributor at the time of subscription to make a donation (entry gift) in their name to the King Baudouin Foundation, corresponding to 2 % of their investment (an investment of 100, a subscription of 98 and a donation of 2).
Entry fee (Donation): 2% at the time of subscription

Every investment in the sub-fund must take place in accordance with the relevant legal documentation in force (Key Information Document and prospectus available in French and in Dutch) as well as the articles of association and the (semi) annual reports, available free of charge in French and in Dutch, on simple request, at TreeTop Asset Management Belgium, 79 Frankenstraat bus 7, 1040 Brussels or on https://www.treetopam.com/en/funds/treetop-philanthropic-funds. The prospectus and the Key Information Document must be read before any investment decision. The tax treatment of a financial product is subject to regular changes and also differs according to the personal situation of each investor. Investors are therefore asked to inquire with their usual tax advisor about the tax regime that applies to them. Complaints can be made to the "Compliance officer" of TreeTop Asset Management Belgium (address mentioned above) or to the Mediation Service: Ombudsfin, North Gate II, Koning Albert II-laan 8, B-1000 Brussels (www.ombudsfin.be or [email protected]).

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”.