- Kempen
- Participatiefonds Merwede
Participatiefonds Merwede
Profile
Merwede Participatiefonds (Merwede) aims to use a participation exemption ("deelnemingsvrijstelling") in Kempen Oranje Participaties N.V. (KOP), through an investment in Kempen Oranje Participaties Primo (KOP I).
KOP, the fund Merwede indirectly invests in, offers the opportunity to invest in small-sized European companies. KOP invests in shares of undervalued companies and aims to hold 5% or more of the paid up nominal capital of each company.
KOP positions itself as an engaged shareholder and aims to generate a long term total return of 10% on an annual basis (on the basis of capital gains and dividends).
KOP, the fund Merwede indirectly invests in, offers the opportunity to invest in small-sized European companies. KOP invests in shares of undervalued companies and aims to hold 5% or more of the paid up nominal capital of each company.
KOP positions itself as an engaged shareholder and aims to generate a long term total return of 10% on an annual basis (on the basis of capital gains and dividends).
Performance per 2018-08-31 (rebased)
Performance per 2018-08-31
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| Fund | |
|---|---|
| 1 month | 0.7 % |
| 3 months | -4.0 % |
| This year | -5.3 % |
| 2017 | 11.2 % |
| 1 year (on annual basis) | 5.5 % |
| Since inception (on annual basis) i | 4.5 % |
Performance is shown after deduction of ongoing charges and including the reinvestment of dividend that has been paid out. Performance shown in the graph has been rebased. 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 32.17 M 2018-08-31 |
| Share class size | EUR 32.17 M 2018-08-31 |
| Number of shares | 628 2018-08-31 |
| Net Asset Value | EUR 51,227.72 2018-08-31 |
Kempen Capital Management N.V. (KCM) is the management company of Merwede Participatiefonds (the "Fund"). KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Fund is registered under the license of KCM at the The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
More information?
Market developments per 2018-06-30
Due to the nature of this fund, this information is only available on the Dutch part of this website.
Portfolio developments per 2018-06-30
Due to the nature of this fund, this information is only available on the Dutch part of this website.
Kempen Capital Management N.V. (KCM) is the management company of Merwede Participatiefonds (the "Fund"). KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Fund is registered under the license of KCM at the The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
More information?
Performance per 2018-08-31 (rebased)
Performance per 2018-08-31
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| Fund | |
|---|---|
| 1 month | 0.7 % |
| 3 months | -4.0 % |
| This year | -5.3 % |
| 2017 | 11.2 % |
| 1 year (on annual basis) | 5.5 % |
| Since inception (on annual basis) i | 4.5 % |
Performance is shown after deduction of ongoing charges and including the reinvestment of dividend that has been paid out. Performance shown in the graph has been rebased. The value of your investments may fluctuate. Past performance provides no guarantee for the future.
Dividends
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| Distributing | Yes |
| Last dividend | EUR 700.00 |
| Ex-date last dividend | 2018-06-11 |
| Number of distributions per year | 1 |
| Dividend calendar |
Kempen Capital Management N.V. (KCM) is the management company of Merwede Participatiefonds (the "Fund"). KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Fund is registered under the license of KCM at the The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
More information?
Kempen Capital Management N.V. (KCM) is the management company of Merwede Participatiefonds (the "Fund"). KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Fund is registered under the license of KCM at the The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
More information?
Ongoing charges
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| Management fee i | 0.00 % |
| Service fee i | 0.15 % |
| Indirect costs i | 1.10% |
| Expected ongoing charges i | 1.27% |
Other costs
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| Upward swing factor i | 0.50 % |
| Downward swing factor i | 1.50 % |
Kempen Capital Management N.V. (KCM) is the management company of Merwede Participatiefonds (the "Fund"). KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Fund is registered under the license of KCM at the The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
More information?
Share class details
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| Investor type | Institutional & Private |
| Distributing | Yes |
| Objective | KOP, the fund indirectly invested in, aims to generate a long term return of 10% a year |
| Investment category | Small-caps |
| Universum | European small-caps |
| Inception date | 2017-05-10 |
| May be offered to all investors in | The Netherlands |
| UCITS status i | No |
| Status | Open-end i |
| Base currency | EUR |
| Depositary | Administratiekantoor Kempen Rivieren Participatiefondsen B.V. |
| Administrator | BNP Paribas Securities Services S.C.A. |
| Management company | Kempen Capital Management N.V. |
| Custodian | BNP Paribas Securities Services S.C.A. |
Tradability
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| Minimum subscription | Minimal initial subscription and holding amount: €100,000 |
| Listed | no |
| Subscription/Redemption Frequency | Quarterly, on the first business day of January, April, July and October |
| ISIN i | NL0012294508 |
| Entry period purchase order | Approximately 34 calendar days before the start of each quarter |
| Entry period sell order | Approximately 34 calendar days before the start of each quarter |
| Details | Orders must be received by the transfer agent before the third business day before the end of November, February, May and August, no later than 10.00 AM Amsterdam time in order to be executed on the next dealing day. |
Kempen Capital Management N.V. (KCM) is the management company of Merwede Participatiefonds (the "Fund"). KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Fund is registered under the license of KCM at the The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
More information?
Read more information about Kempen Capital Management N.V. on this site and find also more information on BNP Paribas Securities Services S.C.A.
Factsheets
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Kempen Capital Management N.V. (KCM) is the management company of Merwede Participatiefonds (the "Fund"). KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Fund is registered under the license of KCM at the The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
More information?
KCM Vision
Kempen Capital Management is an asset manager with a long-term investment approach. We strongly believe in engaged shareholdership that benefits all stakeholders. As a long-term responsible investor, we firmly believe that active ownership and shareholder engagement contribute to positive change across the board.
Our KCM wide approach to responsible investment
To put our vision into action we engage with our investment targets on a wide array of strategic, financial, environmental, social and governance (ESG) topics. Our long-term investment worldview paired with thorough analysis and an experienced and diverse ESG team allow us to use both voting and engagement as means to consistently encourage positive change. Through this process of constructive engagement, we are able to contribute to the development of principles and standards of corporate responsibility within companies that we invest in. Our full voting records are available here.
Our fund approach to Responsible Investment
- Continuous dialogue with company management through one-on-one meetings. Meetings with division directors, peers and join analyst and client events. If necessary seek dialogue with the supervisory board
- Actively involved during the AGMs through the use of our voting rights. We make remarks on the agenda if necessary and we stress our discussion points with the company at the AGM
- Companies themselves also have the ability to seek the dialogue with us. We provide feedback on corporate strategy, governance and communication at AGM's and in one-on-one's
- We are focused on the creation of shareholder value, where the company of course has to take into account all stakeholders
- All holdings are screened by MSCI on sustainability items, if necessary we engage with management on sustainability issues with help from our experts in Edinburgh
Kempen Capital Management N.V. (KCM) is the management company of Merwede Participatiefonds (the "Fund"). KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Fund is registered under the license of KCM at the The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents are available on the website of KCM (www.kempen.com/investmentfunds). The value of your investment may fluctuate. Past performance provides no guarantee for the future.
More information?
