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).

Management team

Michiel van Dijk, Erwin Dut, Sander van Oort, Ingmar Schaefer

More information about the team and the strategy

Performance per 2020-06-30 (rebased)

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

No chart data available

Performance per 2020-06-30

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	Fund
1 month	4.0 %
3 months	24.3 %
This year	-3.1 %
2017	11.2 %
2018	-21.3 %
2019	27.1 %
1 year (on annual basis)	8.4 %
3 years (on annual basis) i	2.5 %
Since inception (on annual basis) i	2.5 %

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 34.40 M 2020-06-30
Share class size	EUR 34.40 M 2020-06-30
Number of shares	676 2020-06-30
Net Asset Value	EUR 51,477.70 2020-07-31

Kempen Capital Management NV (KCM) is the management company of Merwede 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 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 2020-06-30

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

Performance per 2020-06-30 (rebased)

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

No chart data available

Performance per 2020-06-30

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	Fund
1 month	4.0 %
3 months	24.3 %
This year	-3.1 %
2017	11.2 %
2018	-21.3 %
2019	27.1 %
1 year (on annual basis)	8.4 %
3 years (on annual basis) i	2.5 %
Since inception (on annual basis) i	2.5 %

Dividends

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Distributing	Yes
Last dividend	EUR 735.00
Ex-date last dividend	2020-06-05
Number of distributions per year	1
Dividend calendar	Open the calendar

Merwede Participatiefonds is (indirectly) fully invested in Kempen Oranje Participaties NV. More information about the portfolio of Kempen Oranje Participaties NV you will find on the portfolio page of Kempen Oranje Participaties NV.

SWING FACTORS

An overview of the current swing factors are available here.

Ongoing charges

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Management fee i	0.00 %
Service fee i	0.15 %
Indirect costs i	1.11 % on an annual basis
Expected ongoing charges i	1.26%
Ongoing charges last financial year i	1.26 %

The ongoing charges for the last financial year relate to the financial year 2019.

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
Administration Office	Administratiekantoor Kempen Rivieren Participatiefondsen BV
Administrator	BNP Paribas Securities Services S.C.A.
Auditor	PricewaterhouseCoopers Accountants N.V.
Transfer agent	Kempen Capital Management NV
Management company	Kempen Capital Management NV
Depositary and custodian	BNP Paribas Securities Services S.C.A.

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.