Flexible Architecture - RD Gemengd fonds Gegevens per 16/04/2024

A global multi-asset sub-fund that employs a quantitative approach for flexible and diversified wealth management.

The investment manager is looking for absolute return over the long term regardless of market fluctuations. A flexible and systematic approach with quantitative models based on recent academic research is employed. In addition to the traditional asset classes (i.e. equities, bonds and cash), the sub-fund also invests in real estate and commodities. In all, over 20 asset classes are represented, which ensures a truly diversified approach to wealth management.

Investment objective and policy

The sub-fund is a "multi asset class" sub-fund with the objective to obtain an absolute return on the investment, independently from the performance of the markets. The investment policy takes into account the principles of risk spreading by means of a large diversification of investments, an in-depth portfolio construction process and a high level of flexibility and reactivity of investment decisions.

The sub-fund may invest up to 100% of its net assets in units or shares of UCITS or other UCIs.

The sub-fund is actively managed and with no reference to a benchmark.

Investor profile

The sub-fund is intended for all investors who seek exposure to global equity, bond, currency and commodity market, ...

Investors much 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).

Source: Pure Capital

Annual performances do not take into account dividends distributed during the year.

Last dividend payment (gross dividend, per unit): EUR 0,868444000 (11/09/2023).

The risk can vary significantly if you opt for an early exit and you may get a lower return. The summary risk indicator makes it possible to assess the level of risk of this product compared to other products. It indicates the probability that the product will record losses in the event of movements on the markets or the inability of the sub-fund to pay you.

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.

Details

• Name: PCFS – Flexible Architecture - RD
• Classification: Flexible asset allocation - Global
• ISIN code: LU1215309292
• Bloomberg ticker: PUREFRC LX Equity
• Type: Undertaking for collective investment in transferable securities (UCITS)
• Legal form: A sub-fund of the “PCFS” Luxembourg SICAV fund
• Inception date: 15/05/2015
• NAV on inception: €100
• Currency: EUR
• Benchmark index: None
• Share type: Distribution (since 15/07/2022)
• Term: Indefinite
• Minimum recommended investment horizon: over 3 years
• Investor type: Retail investors
• Management company: Pure Capital S.A. – A Luxembourg-based management company
• Auditor: PwC Luxembourg
• NAV publication: Website, Bloomberg and Beama.be

Fees

• Management fee and other administrative or operating expenses (including Management fee: max. 1.25%) : 2.30%
• Transaction fee: 0.08%
• Performance fee: 10% with a High Water Mark
• 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

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.

UCITS. Undertakings for Collective Investment in Transferable Securities are investment funds regulated at European Union level.

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.

High Water Mark. A greater of the Net Asset Value per share as at the launch date and the highest Net Asset Value per share in effect immediately after the launch date or in effect immediately after the end of any subsequent performance period in respect of which a performance fee was payable.

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: Over 10% of this sub-fund’s portfolio is invested in debt securities. The income on these securities is subject to a 30% withholding tax.
• Transactions tax: 0%.

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.