Participatiefonds Magnolia

Profile

Magnolia Participatiefonds is a fund for joint account (FGR) which aims to use participation exemption and therefore holds at least 5% of the participations in circulation of Beleggingsfonds 'De Zonnewijser'.

Beleggingsfonds 'De Zonnewijser' invests in (certificates of (cumulative) preference) shares of Dutch companies, preferably in 5% holdings in order to take advantage of tax exemptions (fiscale deelnemingsvrijstelling). Preference shares have a negotiated fixed dividend amount, and as a result the return and risk are closely related to the capital market interest rate and the level of risk premiums for corporate bonds.

Beleggingsfonds De Zonnewijser, the fund in which Magnolia Participatiefonds invests, aims to generate an attractive net investment return in the long term.

Management team

Michiel van Dijk, Erwin Dut, Sander van Oort, Jan Willem Berghuis

More information about the team and the strategy

Performance per 2020-03-31 (rebased)

1 month 3 month 1 yr 3 yr 5 yr 10 jr YTD Since inception

No chart data available

Performance per 2020-03-31

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	Fund
1 month	-11.5 %
3 months	-11.5 %
This year	-11.5 %
2017	6.6 %
2018	-2.4 %
2019	13.3 %
1 year (on annual basis)	-4.9 %
3 years (on annual basis) i	0.7 %
5 years (on annual basis) i	2.3 %
Since inception (on annual basis) i	5.2 %

Performance is shown after deduction of ongoing charges and including the reinvestment of dividend that has been paid out. The value of your investments may fluctuate. Past performance provides no guarantee for the future.

More information can be found on the documents page of this fund

Key figures

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Total fund size	EUR 25.71 M 2020-03-31
Share class size	EUR 25.71 M 2020-03-31
Number of shares	662 2020-03-31
Net Asset Value i	EUR 43,290.35 2020-06-30

Kempen Capital Management N.V. (KCM) is the management company of Magnolia Participatiefonds (the â€œFundâ€). KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Fund is registered under the license of KCM at the Dutch Authority for the Financial Markets (AFM). The Fund is only available for professional investors.

The information in this document provides insufficient information for an investment decision. Please read the key investor document and information memorandum (both available in Dutch). These documents are available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

Market developments per 2020-03-31

Due to the nature of this fund, this information is only available on the Dutch part of this website.

Portfolio developments per 2020-03-31

Due to the nature of this fund, this information is only available on the Dutch part of this website.

Performance per 2020-03-31 (rebased)

1 month 3 month 1 yr 3 yr 5 yr 10 jr YTD Since inception

No chart data available

Performance per 2020-03-31

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	Fund
1 month	-11.5 %
3 months	-11.5 %
This year	-11.5 %
2017	6.6 %
2018	-2.4 %
2019	13.3 %
1 year (on annual basis)	-4.9 %
3 years (on annual basis) i	0.7 %
5 years (on annual basis) i	2.3 %
Since inception (on annual basis) i	5.2 %

Dividends

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Distributing	Yes
Last dividend	EUR 2,225.00
Ex-date last dividend	2019-05-20
Number of distributions per year	1
Dividend calendar	Open the calendar

Due to the nature of this fund, this information is only available on the Dutch part of this website in the Dutch language.

Ongoing charges

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Management fee i	0.00 %
Administratievergoeding	0.15% (annually), plus â‚¬ 500 per month.
Indirect costs i	0.37 % over the financial year 2018.
Ongoing charges last financial year i	0.66 %

The Ongoing Charges Figure of the last financial year relates to 2018.

Share class details

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Investor type	Institutional
Distributing	Yes
Investment category	Preference Shares
Inception date	2006-07-03
Domicile	The Netherlands
May be offered to professional investors only in	The Netherlands
UCITS status i	No
Status	Closed-end i
Base currency	EUR
Administration Office	Administratiekantoor Zonnewijser Participatiefondsen
Administrator	BNP Paribas Securities Services S.C.A.
Management company	Kempen Capital Management N.V.
Depositary and custodian	BNP Paribas Securities Services S.C.A.

Tradability

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Minimum subscription	â‚¬100,000 per transaction
Listed	no
Subscription/Redemption Frequency	On a best effort basis i

For (questions about) a buy or sell order you can contact the Transfer Agent department. This department can be reached by the following e- mail address: transfer.agent@kempen.nl and the telephone number 020 348 8028/9542.