Pure Capital - Independent asset management

Pure Wealth - DC A flexible mixed fund (0-50% equities) This information is valid at 29/06/2022

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

With our flexible strategy and focus on fundamentals, we are looking for absolute return over the long term. We have a conviction-based and sometimes contrarian approach to investment, yet encourage us to continually challenge our ideas. Our main performance drivers are equities, the entire bond universe, and foreign exchange.      

Patrick Vander Eecken
The fund’s manager, co-founder and Managing Partner 

  • ISIN code : LU1410419755
  • Risk level (SRRI) : 4
  • Investment horizon : 3 to 5 years
  • YTD performance : -11,07%
  • 1-Day Return : -0,32%
  • Net asset value at 29/06/2022 : 96,17 €
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Performance

Change in net asset value This information is valid at 29/06/2022

Annual performance This information is valid at 29/06/2022

Periodic performance This information is valid at 29/06/2022

YTD
1M
3M
6M
1Y
3Y
5Y
ITD*
-11,07%
-3,98%
-6,96%
-11,06%
-10,36%
-0,61%
-0,64%
-0,77%

DC share class is a distribution share class ; holders of DC shares are entitled to receive a dividend paid annually. Data and performances shown above do not include dividends paid.

Last distribution (gross dividend per share) : EUR 0,9752 (22/09/2020).

Performance over a period of more than one year is annualised.

* Inception to Date. Annualised performance since the share was issued on 16 June 2017.

Important information for investors: 

The chart and returns shown above refer to past performance and do not constitute a reliable indicator for the future. This fund does not offer a capital guarantee. Before investing, you should always read the Key Investor Information Document (KIID) and the prospectus.


Description

Investment policy and objective

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. Pure Capital may vary its portfolio’s allocation significantly between asset classes on the basis of its 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.

Investor profile

The sub-fund is intended for all investors who are looking for opportunities in global equity, fixed-income, credit, foreign exchange and other financial markets, but whose main concern is preserving capital.

Investors much have a medium-term investment horizon of 3 to 5 years.

Risk level (SRRI)

1
2
3
4
5
6
7
Potentially lower reward
Lower risk.
Potentially higher reward
Higher risk.
Patrick Vander Eecken Patrick Vander Eecken, co-founder Chief Investment Officer +352/26.39.86.53   pvandereecken@purecapital.eu Get to know him

FUND CHARACTERISTICS

Key information

  • Name: PCFS – Pure Wealth - DC
  • Classification: Flexible asset allocation - Global
  • ISIN code: LU1410419755
  • Bloomberg ticker: PUREWDC LX Equity
  • Type: Undertaking for collective investment in transferable securities (UCITS)
  • Legal form: A sub-fund of the “PCFS” Luxembourg SICAV fund
  • Inception date: 16 June 2012
  • NAV on inception: €100
  • Currency: EUR
  • Benchmark index: None
  • Share type: Distribution
  • Term: Indefinite 
  • Minimum recommended investment horizon: 3 to 5 years 
  • Investor type: Professional & Institutional 
  • Management company: Pure Capital S.A. 
  • Auditor: PwC Luxembourg 
  • NAV publication: Website, Bloomberg, Morningstar and Beama.be

Fees and charges

  • Management fee: 1.00%
  • Performance fee: None
  • Ongoing charges (including management fee): 1.39%
  • Subscription fee: Max. 3%, at the distributor’s discretion
  • Redemption fee: 0%

Subscriptions and Redemptions

  • Minimum investment requirement: €250 000
  • Cut-off: 10:00 am (CET)
  • NAV valuation frequency: Daily
  • Settlement date: Max. (D+3)
  • Transfer agent / Depositary: RBC Investor Services Bank S.A.
  • Swing pricing applicable: No

MAIN RISKS & ADVANTAGES

ADVANTAGES

  • Medium and long-term capital appreciation, regardless of market conditions, obtained by adjusting asset allocations among a broad range of asset classes; 
  • A high level of diversification among a large number of individual securities;
  • Less price fluctuation and risk of loss, with smart management of rebound potential;
  • Our experienced asset managers continually share their investment ideas and decisions.

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.

Disclaimer

Before investing in this fund, you should carefully read the Key Investor Information Document (the “KIID”) and the prospectus. The KIID, the prospectus, the audited annual report and the unaudited semi-annual report are available on this website.

The information presented above does not constitute investment advice and is intended solely for marketing purposes.

Past performance is not a reliable indicator of future results. Performance may vary over time. Investments in this fund are subject to market fluctuations and investors may not recover all of their initial investment. Pure Capital may vary the fund’s future exposures, allocations and investments as it deems appropriate to accommodate different market conditions. There can be no guarantee that investment objectives will be met.

Management fees, depositary bank fees, and all other fees and charges indicated in the prospectus as borne by the fund are included in the calculation of its net asset value and consequently of its performance. 

The taxation of this financial product depends on the investor’s specific situation.

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