Flexible Architecture - RD Gemengd fonds Gegevens per 23/03/2023

A global multi-asset 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. He employs a flexible and systematic approach with quantitative models that are based on recent academic research. 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.

* The Synthetic Risk and Reward Indicator (SRRI) ranks investment risk on a scale of 1 to 7. It is based on historical volatility data. A lower indicator score indicates a lower risk, and also a lower potential return. A higher indicator score indicates a higher risk, and also a higher potential return. A risk level of 1 does not mean that the investment is without risk. There is no guarantee that the risk level indicated will not change over time.

RD share class is a distribution share class ; holders of RD 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 -.

Performance over a period of more than one year is annualised. For periods of less than one year, returns are cumulative.

* Inception to Date. Annualised performance since the share was issued on 15 May 2015.

Source: Pure Capital

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.

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 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 fund’s share price or Net Asset Value (NAV).

Investment policy and objective

The sub-fund is a "multi asset class" 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.

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 of 3 to 5 years.

Key information

• 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 May 2015
• NAV on inception : €100
• Currency : EUR
• Benchmark index : None
• Share type : Distribution (since 15/07/2022)
• Term : Indefinite 
• Minimum recommended investment horizon : min 3 years 
• Investor type : Retail 
• Management company : Pure Capital S.A. 
• Auditor : PwC Luxembourg 
• NAV publication : Website, Bloomberg, Beama.be

Fees and charges

• Management fee : 1,25%
• Performance fee: 10% with a high water mark
• Ongoing charges (including management fee) : 2,13%
• Subscription fee: Max. 3%, at the distributor’s discretion
• Redemption fee : 0%

Subscriptions and Redemptions

• Minimum investment requirement: €100
• 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

ADVANTAGES

• Losses and volatility are limited. Cash is prefered when the outlook for an asset class is negative.
• Medium and long-term capital appreciation regardless of market conditions.
• A high level of diversification at lower cost, through the use of trackers and/or funds dedicated to specific asset classes.
• The systematic and quantitative nature of the decision-making process prevents the sheep-like behaviour commonly seen during the formation of speculative bubbles and market crashes.

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 invest 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.

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 custodian may charge annual custody fees that are determined by the custodian. For more information about these fees prospective investors must contact their custodian.

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

• 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: 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.

Any claims and complaints may be addressed in writing to Pure Capital S.A. at its registered office at 2 rue d’Arlon, L-8399 Windhof, Grand-Duchy of Luxembourg. If investors are not satisfied with the handling of these claims or complaints they may, in the case of Belgium, submit them to Ombudsfin, mediation service for financial services whose address is North Gate II, Boulevard du Roi Albert II, n° 8 bte.2, 1000 Brussels, tel.: +32 2 545 77 70, fax: +32 2 545 77 79, e-mail: ombudsman@ombudsfin.be, either in a separate written message or using the complaint form available online at https://www.ombudsfin.be/en/individuals/introduce-complaint/.