Participatiefonds Spaarne

Profile

Spaarne Participatiefonds (Spaarne) 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 Spaarne 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 Spaarne (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 2019-07-31 (rebased)

No chart data available

Performance per 2019-07-31

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  Fund
1 month -3.2 %
3 months -7.2 %
This year 10.0 %
2017 11.1 %
2018 -21.4 %
1 year (on annual basis) -8.0 %
Since inception (on annual basis) i -1.9 %
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 18.20 M 2019-07-31
Share class size
EUR 18.20 M 2019-07-31
Number of shares
390 2019-07-31
Net Asset Value
EUR 46,654.39 2019-07-31
Kempen Capital Management N.V. (KCM) is the management company of Spaarne 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.

Market developments per 2019-06-30

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 Spaarne 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.

Performance per 2019-07-31 (rebased)

No chart data available

Performance per 2019-07-31

Slide to see more
  Fund
1 month -3.2 %
3 months -7.2 %
This year 10.0 %
2017 11.1 %
2018 -21.4 %
1 year (on annual basis) -8.0 %
Since inception (on annual basis) i -1.9 %
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.

Dividends

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Distributing
Yes
Last dividend
EUR 735.00
Ex-date last dividend
2019-05-20
Number of distributions per year
1
Dividend calendar
Kempen Capital Management N.V. (KCM) is the management company of Spaarne 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.

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

Kempen Capital Management N.V. (KCM) is the management company of Spaarne 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.

Ongoing charges

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Management fee i
0.00 %
Service fee i
0.25 %
Indirect costs i
1.10 % on an annual basis
Expected ongoing charges i
1.37 %
Ongoing charges last financial year i
1.35 %

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 Spaarne 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.

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
2017-03-15
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 B.V.
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
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
NL0012191613
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 Spaarne 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.
Kempen Capital Management N.V. (KCM) is the management company of Spaarne 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.
No data available.
Kempen Capital Management N.V. (KCM) is the management company of Spaarne 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.