- Kempen
- Participatiefonds Merwede
Participatiefonds Merwede
Profile
Merwede Participatiefonds (Merwede) aims to use a participation exemption ("deelnemingsvrijstelling") in Kempen Oranje Participaties NV (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. The environmental, social and governance (ESG) criteria are incorporated in the investment process of KOP, the fund Merwede (indirectly) invests in.
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. The environmental, social and governance (ESG) criteria are incorporated in the investment process of KOP, the fund Merwede (indirectly) invests in.
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).
Management team
Michiel van Dijk, Erwin Dut, Sander van Oort, Ingmar Schaefer
Performance per 2022-10-31 (rebased)
Performance per 2022-10-31
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| Fund | |
|---|---|
| 1 month | 8.3 % |
| 3 months | -14.3 % |
| This year | -28.6 % |
| 2019 | 27.1 % |
| 2020 | 18.6 % |
| 2021 | 27.5 % |
| 1 year (on annual basis) | -30.3 % |
| 3 years (on annual basis) i | 6.0 % |
| 5 years (on annual basis) i | 1.8 % |
| Since inception (on annual basis) i | 3.5 % |
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 34.08 M 2022-09-30 |
| Share class size | EUR 36.91 M 2022-10-31 |
| Number of shares | 665 2022-10-31 |
| Net Asset Value i | EUR 55,504.02 2022-10-31 |
Kempen Capital Management NV (KCM) is the management company of Merwede Participatiefonds (the “Fundâ€). 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 information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
Developments per 2022-09-30
Due to the nature of this fund, this information is only available on the Dutch part of this website.
Kempen Capital Management NV (KCM) is the management company of Merwede Participatiefonds (the “Fundâ€). 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 information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
Performance per 2022-10-31 (rebased)
Performance per 2022-10-31
Slide to see more
| Fund | |
|---|---|
| 1 month | 8.3 % |
| 3 months | -14.3 % |
| This year | -28.6 % |
| 2019 | 27.1 % |
| 2020 | 18.6 % |
| 2021 | 27.5 % |
| 1 year (on annual basis) | -30.3 % |
| 3 years (on annual basis) i | 6.0 % |
| 5 years (on annual basis) i | 1.8 % |
| Since inception (on annual basis) i | 3.5 % |
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 760.00 |
| Ex-date last dividend | 2022-05-27 |
| Number of distributions per year | 1 |
| Dividend calendar |
Kempen Capital Management NV (KCM) is the management company of Merwede Participatiefonds (the “Fundâ€). 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 information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
Merwede Participatiefonds is (indirectly) fully invested in Kempen Oranje Participaties NV. More information about the portfolio of Kempen Oranje Participaties NV can be found on the portfolio page of Kempen Oranje Participaties NV.
Maturity profile (2022-09-30)
2.8 %
Cash
97.2 %
Other
Total
100 %
Geographic allocation (2022-09-30)
30.9 %
United Kingdom
14.4 %
Netherlands
12.7 %
Germany
7.4 %
Sweden
7.1 %
Ireland
6.9 %
Switzerland
6.9 %
Italy
6.4 %
France
2.8 %
Cash
2.7 %
Singapore
1.8 %
Finland
Total
100 %
Top 10 holdings (2022-09-30)
7.0 %
Premier Foods
6.9 %
Kardex
6.9 %
El. En.
6.4 %
Lectra
6.3 %
Coats
5.7 %
Software
4.7 %
Insight Liq Fds EUR Class 3
4.4 %
SThree
4.2 %
Discoverie
4.2 %
Acomo
Total
56.7 %
Rating allocation (2022-09-30)
97.2 %
Not Rated
2.8 %
Cash
Total
100 %
Sector allocation (2022-09-30)
44.6 %
Industrial Goods & Services
19.1 %
Technology
11.2 %
Food & Beverage
9.7 %
Health Care
7.1 %
Money Market Funds
1.9 %
Retail
1.8 %
Personal & Household Goods
1.8 %
Automobiles & Parts
2.8 %
Other
Total
100 %
Kempen Capital Management NV (KCM) is the management company of Merwede Participatiefonds (the “Fundâ€). 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 information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
No data available.
Kempen Capital Management NV (KCM) is the management company of Merwede Participatiefonds (the “Fundâ€). 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 information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
Ongoing charges
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| Management fee i | 0.000 % |
| Service fee i | 0.15 % |
| Indirect costs i | 1.10 % on an annual basis |
| Expected ongoing charges i | 1.25 % |
| Ongoing charges last financial year i | 1.25 % |
The ongoing charges for the last financial year relate to the financial year 2021.
Kempen Capital Management NV (KCM) is the management company of Merwede Participatiefonds (the “Fundâ€). 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 information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
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 |
| Universe | European small-caps |
| Inception date | 2017-07-03 |
| Domicile | The Netherlands |
| May be offered to all investors in | The Netherlands |
| UCITS status i | No |
| Status | Open-end i |
| Base currency | EUR |
| Administration Office | Administratiekantoor Kempen Rivieren Participatiefondsen BV |
| Administrator | BNP Paribas S.A., Netherlands Branch |
| Auditor | PricewaterhouseCoopers Accountants N.V. |
| Transfer agent | Kempen Capital Management NV |
| Management company | Kempen Capital Management NV |
| Depositary and custodian | BNP Paribas S.A., Netherlands Branch |
Tradability
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| 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 16.00 Amsterdam time. The orders will then be executed on the next dealing day. |
Kempen Capital Management NV (KCM) is the management company of Merwede Participatiefonds (the “Fundâ€). 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 information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
Read more information about Kempen Capital Management NV on this site and find also more information on BNP Paribas S.A., Netherlands Branch.
Factsheets
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Prospectus
Sustainability related disclosures
Kempen Capital Management NV (KCM) is the management company of Merwede Participatiefonds (the “Fundâ€). 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 information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (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.