Glossary of the share classes

The different classes of units/shares available to investors are defined on the basis of eligibility criteria and/or pricing. For further information on the asset classes, investors are referred to the prospectus available on this site.

 

The funds managed and/or promoted by a Degroof Petercam Group company may in some cases offer one or more classes of units/shares.

 

Distribution shares entitle the holder to dividends or interim dividends.

 

Accumulation shares do not entitle the holder to receive a dividend. The portion of earnings allocated to these shares is capitalised. The shares thus continually reinvest in the sub-fund the earnings they draw from it.

 

Class A

Distribution shares offered to the public

 

Class A CHF HEDGED

Distribution shares which differ from class A shares in that (i) they are denominated in Swiss francs and (ii) the exchange risk against the Swiss franc is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that the conduct of an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund.

 

Class A EUR HEDGED 

Distribution shares which differ from class A shares in that the exchange risk against the euro is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that the conduct of an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund.

 

Class A USD

Distribution shares offered to the public which differ from class A shares in that they are denominated in United States dollars (USD)

 

Class B

Accumulation shares offered to the public

 

Class B CHF

Capitalisation shares which differ from Class B shares in that they are denominated in Swiss francs (CHF).

 

Class B CHF HEDGED 

Capitalisation shares which differ from class B shares in that (i) they are denominated in Swiss francs and (ii) the exchange risk against the Swiss franc is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that the conduct of an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund.

 

Class B EUR HEDGED

Capitalisation shares which differ from class B shares in that the exchange risk against the euro is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that the conduct of an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund.

 

Class B USD

Capitalisation shares offered to the public which differ from class B shares in that they are denominated in United States dollars (USD)

 

Class B USD HEDGED 

Capitalisation shares which differ from class B shares in that (i) they are denominated in US dollars and (ii) the exchange risk against the US dollar is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that carrying out an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund.

 

Class E

Distribution shares which differ from class A shares due to the fact that (i) they are reserved for eligible

investors, (ii) they have a minimum initial subscription amount, (iii) a different management fee and (iv) a different annual tax.

 

Class E CHF HEDGED 

Distribution shares which differ from class A CHF HEDGED shares in that (i) they are reserved for institutional and professional investors, (ii) they require a minimum initial subscription, (iii) they have a different management fee and (iv) a different annual tax

 

Class E EUR HEDGED 

Distribution shares which differ from class A EUR HEDGED shares in that (i) they are reserved for institutional and professional investors, (ii) they require a minimum initial subscription, (iii) they have a different management fee and (iv) a different annual tax 

 

Class E USD

Distribution shares which differ from class E shares in that that they are denominated in United States dollars (USD)

 

Class F

Capitalisation shares which differ from class B shares due to the fact that (i) they are reserved for eligible investors, (ii) they have a minimum initial subscription amount, (iii) a different management fee and (iv) a different annual tax.

 

Class F CHF

Capitalisation shares which differ from class F shares due to the fact they are denominated in in Swiss francs (CHF).

 

Class F CHF HEDGED 

Capitalisation shares which differ from class B CHF HEDGED shares in that (i) they are reserved for institutional and professional investors, (ii) they require a minimum initial subscription, (iii) they have a different management fee and (iv) a different annual tax.

 

Class F EUR HEDGED 

Capitalisation shares which differ from class B EUR HEDGED shares in that (i) they are reserved for institutional and professional investors, (ii) they require a minimum initial subscription, (iii) they have a different management fee and (iv) a different annual tax

 

Class F USD

Capitalisation shares which differ from class F shares due to the fact they are denominated in United States dollars(USD).

 

Class I

Distribution shares that differ from class E shares in that (i) they are reserved for eligible investors for which there are currently one or more discretionary management mandates with one or more companies belonging to the Degroof Petercam Group, and (ii) they are reserved for the account(s) to which these discretionary management mandates apply, and (iii) they have a different management fee.

 

Class J

Capitalisation shares which differ from class F shares in that (i) they are reserved for eligible investors for which there are currently one or more discretionary management mandates with one or several companies of the Degroof Petercam Group, and (ii) accounts to which these discretionary management mandates apply and due to the fact that (iii) they have a different management fee.

 

Class L

Capitalisation shares offered to the public which differ from shares of class B due to the fact (i) they have a minimum initial subscription and (ii) a management fee that may be different.

 

Class L USD

Capitalisation shares offered to the public which differ from shares of class L due to the fact they are

denominated in United States dollars.

 

Class M 

Distribution shares which differ from class A shares in that they (i) are reserved for investors for which there are currently one or more discretionary management mandates with one or more companies belonging to the Degroof Petercam Group, and (ii) they are reserved for the account(s) to which these discretionary management mandates apply, and (iii) they are reserved for “all in” mandates and in that (iv) they have a different management fee. In this context, "all in" includes at least the management fees and custody fees charged to the account (s) to which these "all in" discretionary management mandates apply.

 

Class N

Capitalisation shares which differ from class B shares in that (i) they are reserved for investors for which there are currently one or more discretionary management mandates with one or several companies of the Degroof Petercam Group, and (ii) accounts to which these discretionary management mandates apply, (iii) they are reserved for “all in” mandates and in that (iv) they have a different management fee. In this context, “all in” includes at least the management fees and custody fees charged to the account (s) to which these "all in" discretionary management mandates apply.

 

Class P

Capitalisation shares which differ from Class F shares by the absence of (i) a management fee and (ii) a minimum initial subscription. These shares are exclusively for certain undertakings for collective investment or institutional or professional mandates whose portfolios are managed by Degroof Petercam Asset Management SA, as stipulated in article 6, §3, paragraph 2, 1° and 2° of the Royal Decree of 12 November 2012 relating to undertakings for collective investment meeting the conditions of Directive 2009/65/EC.

 

Class PEUR Hedged

Capitalisation shares that differ from class P shares in that they are denominated in EUR. The Management Company (or where applicable the Manager) will take steps to minimise exposure to exchange risk for Class P EUR Hedged shares relative to the reference currency of the sub-fund, using hedging instruments and techniques or others. Investors are advised that 100% hedging of the foreign exchange risk relative to the reference currency of the sub-fund cannot be guaranteed.

 

Class R

Distribution shares that benefit from the definitively taxed income scheme offered to the public

 

Class S

Distribution shares that differ from class R share shares due to the fact that (i) they are reserved for eligible investors, (ii) they have a minimum initial subscription amount, (iii) a different management fee and (iv) a different annual tax.

 

Class V

Distribution shares offered to the public which differ from class A shares due to the fact that (i) they may be offered in the United Kingdom, Switzerland and Member Countries of the European Union, excluding Belgium and Belgian residents, under certain circumstances, at the discretion of the Management Company (ii) they may be distributed by certain distributors and platforms which have separate remuneration agreements with their customers and (iii) they are not subject to a rebate on management fees.

 

Class V CHF Hedged

Distribution shares which differ from class V shares in that (i) they are denominated in Swiss francs and (ii) the exchange risk against the Swiss franc is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that the conduct of an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund

 

Class V EUR Hedged

Distribution shares which differ from class V shares in that the exchange risk against the euro is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that the conduct of an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund

 

Class W

Capitalisation shares offered to the public which differ from class B shares due to the fact that (i) they may be offered in the United Kingdom, Switzerland and Member Countries of the European Union, excluding Belgium and Belgian residents, under certain circumstances, at the discretion of the Management Company (ii) they may be distributed by certain distributors and platforms which have separate remuneration agreements with their customers and (iii) they are not subject to a rebate on management fees.

 

Class W CHF HEDGED

Capitalisation shares which differ from class W shares in that (i) they are denominated in Swiss francs and (ii) the exchange risk against the Swiss franc is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that the conduct of an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund.

 

Class W EUR HEDGED

Capitalisation shares which differ from class W shares in that the exchange risk against the euro is hedged. The manager must take measures to systematically hedge the exchange risk in relation to the sub-fund's reference currency within a tolerance threshold defined in the information on the sub-fund. Investors are advised that the conduct of an exchange risk hedging policy may result in additional costs as mentioned in the information on the sub-fund.

 

Class W USD

Accumulation shares which differ from class W shares in that they (i) are denominated in US dollars.

 

Class Z

Capitalisation shares which differ from class B shares due to the fact that (i) they are reserved for eligible investors, (ii) the minimum initial subscription amount is EUR 10,000,000 and (iii) they are subject to a different management fee and (iv) a different annual tax, it being understood that shareholders investing in this class may not request the redemption of their shares so as to reduce their level of investment to below the minimum initial subscription amount.