Pure Capital - Independent asset management

Pure Wealth - CCC Fonds mixte flexible (0-50% actions) This information is valid at 20/06/2024

A global multi-asset sub-fund, for flexible and diversified wealth management.

“With the flexible strategy of the Sub-Fund which focuses on fundamentals, the objective of Pure Wealth is the absolute return over the long term. The main performance drivers are equities, the entire bond universe, and foreign exchange.”

patrick-pro.jpg Patrick Vander Eecken Conducting Officer & co-fondateur +352/26.39.86.53   pvandereecken@purecapital.eu Get to know him

Description

Investment objective and policy

This sub-fund’s objective is to provide an absolute return regardless of how financial markets perform.

Diversification is a key component of the investment policy. The portfolio’s allocation may vary significantly between asset classes on the basis of fundamental analysis of the macro-economic environment.

Changes in allocations between geographic regions, sectors, ratings and maturities may therefore considerably modify the relative weights of asset classes. No more than 50% of the sub-fund’s assets will be directly or indirectly exposed to equity markets.



There are no restrictions on allocations to fixed or floating rate bonds, convertible or inflation-linked bonds, transferable debt securities and government bonds. In some specific circumstances, the sub-fund may hold substantial proportions of cash or cash equivalents. The sub-fund is actively managed with no reference to benchmark.

Investor profile

The sub-fund is intended for all investors who seek exposure to global equity, bond, currency and commodity markets. Its objective is a positive real return over an investment horizon of at least three years, regardless of market performance.

Investors have a medium-term investment horizon over 3 years.


Important information for investors:

The chart and returns shown below refer to past performance and do not constitute a reliable indicator for the future. This sub-fund does not offer a capital guarantee. Before investing, you should always read the PRIIPS-KID and the prospectus.

The change in net asset value and returns indicated are net of management fees, performance fees and any other fees and charges which, as indicated in the prospectus, are borne by the sub-fund. They do not include any subscription fees that may be paid to the distributor, nor any annual custody fees that may be deducted by the custodian, nor any taxes for which the investor may be liable. The returns indicated are calculated in EUR and are based on the sub-fund’s share price or Net Asset Value (NAV).

Performances

Change in net asset value This information is valid at 20/06/2024

Annual performance This information is valid at 20/06/2024

Source: Pure Capital


Risk

Risk level

1
2
3
4
5
6
7
Potentially lower reward
Lower risk.
Potentially higher reward
Higher risk.

The Summary Risk Indicator (SRI), in accordance with the Key Information Document (PRIIPS-KID), allows the level of risk of this product to be assessed in relation to others. It indicates the likelihood of losses in the event of market movements or the sub-fund's inability to pay you. This indicator ranks the risk on a scale of 1 to 7. A low score indicates lower risk but potentially lower return. A higher score will lead to higher risk but potentially higher return.

The level of risk indicated is not a guarantee and may change over time. It also assumes that you keep the product for 3 years. The risk may be significantly different if you sell the product at an early stage and you may get a lower return.

Main risks

  • “Equity” risk. The price of an equity security may vary, sometimes due to factors that have nothing to do with the company’s intrinsic value. Equity prices may be affected by economic factors and market conditions, such as a general decrease in share prices or conditions that affect one or more specific issuers, such as changes in earnings forecasts.
  • Interest rate risk. An increase in interest rates may cause the value of the sub-fund’s bonds to decrease.
  • Credit risk. An issuer may be unable to meet its obligations. If an issuer’s solvency position deteriorates, the value of the issuer’s bonds or of derivative instruments that are linked to this issuer may decrease.
  • Counterparty risk. The sub-fund may suffer losses if a counterparty defaults and is unable to meet its obligations, particularly if the transaction with the counterparty involves over-the-counter derivatives.
  • Exchange rate risk. The risk that the exchange rate of a given currency may vary with respect to that of another currency over the near or medium term.
  • The risk of using certain financial techniques. The use of complex products, such as derivative contracts, may amplify changes in the price of the sub-fund’s securities.
  • The risk of investing in contingent convertibles (CoCo’s). CoCo’s expose investors to various risks, such as loss absorbency, price fluctuations, trigger risk and conversion risk.
  • Liquidity risk. The sub-fund invests in markets which may be adversely affected by a decrease in liquidity. These market conditions may affect the price at which the asset manager buys or sells a given security.
  • Discretionary management risk. Since the investment strategy is based on projected changes in the various markets, there is a risk that the sub-fund may not be invested in the best-performing markets at any one time.
  • Operational risk. The risk of an error or wrongdoing on the part of a party involved in the management, valuation and/or custody of the sub-fund’s assets.

    Features

    Details

      • Name: PCFS – Pure Wealth - CCC
      • Classification: Flexible asset allocation - Global
      • ISIN code: LU0649641940
      • Bloomberg ticker: PUREWCC LX Equity
      • Type: Undertaking for collective investment in transferable securities (UCITS)
      • Legal form: A sub-fund of the “PCFS” Luxembourg SICAV fund
      • Inception date: 30/10/2019
      • NAV on inception: €100
      • Currency: EUR
      • Benchmark index: None
      • Share type: Accumulation
      • Term: Indefinite
      • Minimum recommended investment horizon: over 3 years
      • Investor type: Retail investors, individuals and corporate entities
      • Management company: Pure Capital S.A.
      • Auditor: PwC Luxembourg
      • NAV publication: Website, Bloomberg, Morningstar and Beama.be

    Fees

    • Management fees and other administrative or operating expenses: 1.20% (including management fees: 0.75%)
    • Transaction fee: 0,11%
    • Performance fee: None
    • Subscription fee: Max. 3%, at the distributor’s discretion
    • Redemption fee: 0%

      Subscriptions/Redemptions

      • Minimum investment requirement: €100
      • Cut-off: 10:00 am (CET)
      • NAV valuation frequency: Daily
      • Settlement date: Max. (D+3)
      • Transfer agent / Depositary: CACEIS Investor Services Bank S.A.
      • Swing pricing applicable: No

        GLOSSARY

        Commodities. An asset class that includes physical assets of natural origin, used as raw materials in the production of goods. These include metals such as gold, silver, copper, etc. and agricultural raw materials from livestock or crops.

        Equity. Value that would be returned to a company’s shareholders if all of the assets were liquidated and all of the company's debts were paid off

        Fixed Rate. Unchanging rate calculated on the value of the financial instrument, which does not change over the life of the product

        Floating Rate. Rate calculated on the value of the financial instrument, which can change periodically (as opposed to a fixed rate) over the life of the product

        Net Asset Value. Value of a fund's asset less the value of its liabilities per unit. NAV = (Value of Assets-Value of Liabilities)/number of units outstanding.

        Swing pricing. Anti-dilution technique that allows the Fund to apportion the costs linked to portfolio adjustments caused by subscription/redemption requests on the shareholders whose orders caused the necessity to rebalance the portfolio. It is a liquidity risk tool designed so that remaining shareholders don’t bear all the costs (including dilution) caused by first movers.


        Disclaimer

        This is an advertising communication. Please refer to the prospectus and the Key Information Documents (PRIIPS-KID), for the UCITS before making any final investment decision. These are available free of charge on request from Pure Capital S.A. (tel: +352 26 39 86) or on its website www.purecapital.eu. The PRIIPS-KID is available in French, Dutch and English. The prospectus, the half-yearly report and the annual report are available in English.

        The information presented above does not constitute investment advice and is intended for promotional purposes. It is neither a binding contractual document nor a disclosure document required by law, and is not sufficient for making an investment decision.

        Past performance is not a reliable indicator of future results. Performance may vary over time. Investments are subject to market fluctuations and the investor may get back less than is invested. Exposures, allocations and investments may vary in the future in response to different market conditions at Pure Capital's discretion. There can be no guarantee that the investment objectives will be achieved.

        The management and custodian fees, as well as any other costs which, in accordance with the prospectus, are charged to the sub-fund, are included in the calculation of the net asset value and, consequently, the performance.

        An annual custody fee may be charged by the account holder. They vary from one institution to another. To find out about them, it is necessary to ask it.

        The tax treatment of this product depends on the investor's situation. For example, in Belgium, the tax treatment may be the following:

        • Withholding tax on dividends paid by the SICAV: 30%
        • Withholding tax on capital gains (Reynders tax): 30%
        • Transactions tax: No tax is charged when purchasing the sub-fund. A 1.32% tax is charged when selling accumulation shares only. This tax is capped at €4,000.

        Investors can find out about their rights at https://www.purecapital.eu/legal.html. A summary is available in English and French.

        Any complaints or claims can be addressed in writing to the company's head office: Pure Capital S.A., 2 rue d'Arlon, L-8399 Windhof, Grand Duchy of Luxembourg, for the attention of Mr Thierry Léonard, Managing Partner. If the handling of these complaints by the internal service does not satisfy the investor, they may, for Belgium, be submitted to Ombudsfin, Financial Services Ombudsman, North Gate II, Boulevard du Roi Albert II, n° 8 bte. 2, 1000 Brussels, e-mail: ombudsman@ombudsfin.be in writing or via the online complaint form http://www.ombudsfin.be/fr/particuliers/introduire-une-plainte/.

        Pure Capital S.A. may decide to cease the marketing of its collective investment schemes in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

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