The content of this page is an advertising communication. Any investment decision related to a financial instrument should be taken after a thorough reading of the prospectus and the key information documents (KID) thereof.
Investors are advised to check the prospectus for the subscription conditions, including whether their country of residence is compatible with the product, and whether the legislation of their country of residence contains any other restrictions. The products distributed by CapitalatWork are registered in certain countries, including Belgium, Luxembourg and the Netherlands.
The information contained on this website does not constitute a recommendation nor an investment advice.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means (mechanical, photocopying, recording or otherwise) without the prior approval of the copyright holder.
CapitalatWork Foyer Group hat eine übersichtliche, aber umfassende Palette an Investmentfonds für Sie zusammengestellt.
Diese Fonds sind unsere Arbeitsinstrumente, mit denen wir unsere Anlagephilosophie anhand ausgewogener und konsistenter Anlagemethoden im Rahmen eines transparenten Anlageprozesses umsetzen.
Diese Fonds decken:
CapitalatWork Foyer Group S.A.and CapitalatWork SA co-manage the portfolio of this Sub-fund. The Sub-fund aims for a positive return in euros on your capital by investing primarily in equities of US and European companies listed or traded on a stock exchange or on another regulated market. These equities are generally neglected by the markets, but offer attractive prospects. To a lesser extent, the Sub-fund also invests its assets in companies from other global regions. The Sub-fund invests on the basis of an analysis of the cash flows of Asian companies while maintaining a diversified allocation of the Sub-fund’s investments. This analysis enables the Sub-fund to identify companies with solid fundamentals and high visibility that are traded on the market at a price that the Sub-fund considers attractive. This means that these companies have significant growth potential. The Sub-fund may enter into fixed-term or optional-term financial contracts (derivatives) listed on an exchange or traded over the counter. These contracts are used both to optimise portfolio management and to protect its value against adverse movements on the financial markets. This class of shares does not distribute any income. You can buy and sell shares of this class every bank business day in Luxembourg.
The following risks may also be significant for the Sub-fund: − The Sub-fund invests in equities that can easily be sold under normal market conditions. Exceptional circumstances may result in situations in which they would be sold at a loss to you. Further details about the risks you may incur by investing in this Sub-fund can be found in the sections “Risk Hedging and Use of Financial Instruments”, “Use of Derivatives and Management of Associated Risks” and “The Sub-funds of the SICAV” in the prospectus.
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
These financial products (classified as Article 8 as per the SFDR 2019/2088 regulation) promote environmental and social characteristics. They are not classified as Article 9 as per the SFDR 2019/2088 regulation and do not have sustainable investment as their objective.
Investors can consult a summary of their investors rights on www.capitalatwork.com/en/legal.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
CapitalatWork S.A. manages the portfolio of this Sub-fund. The Sub-fund aims for a positive return on your capital. The fund will invest primarily in fixed income securities, such as fixed and/or floating rate bonds, convertible bonds, corporate, institutional, sovereign and supranational bonds issued by issuers of any nationality and denominated in any currency. At least 50% of the bonds in which the Fund invests have a financial rating of at least investment grade. The Fund may also invest in units of sub-funds of other UCITS or other UCIs, including this SICAV, but not exceeding 10% of its assets. The Fund’s investment strategy is to use techniques and instruments to hedge certain risks and improve the profitability of the portfolio. These transactions will be carried out within the limits set out in Part A of this Prospectus under the headings “Risk Hedging and Use of Financial Instruments” and “Use of Derivatives and Associated Risk Management”. It should be noted, however, that the use of these techniques and instruments is a highly sophisticated activity that may involve higher risks than investing in securities. The Fund may enter into exchange-traded or over-the-counter financial futures or options contracts (derivatives). These contracts are used both to optimise portfolio management and to protect the value of the portfolio against adverse developments in the financial markets.This class of shares does not distribute any income. You can buy and sell shares of this class every bank business day in Luxembourg.
The following risks may also be significant for the Sub-fund: − Bond issuers may not meet their payment obligations. The Sub-fund mitigates this risk through in-depth analysis of the financial situation of the issuers in which it invests. The Sub-fund also monitors changes to their independent rating. − The Sub-fund invests in bonds that can easily be sold under normal market conditions. Exceptional circumstances may result in situations in which they would be sold at a loss to you. Further details about the risks you may incur by investing in this Sub-fund can be found in the sections “Risk Hedging and Use of Financial Instruments”, “Use of Derivatives and Management of Associated Risks” and “The Sub-funds of the SICAV” in the prospectus.
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
"CapitalatWork Foyer Group S.A.and CapitalatWork SA co-manage the portfolio of this Sub-fund. The Sub-fund aims for a positive return on your capital by investing directly or indirectly (via other funds) in bonds (loans). These bonds are issued by public and private issuers located primarily in a Member State of the OECD. They may be denominated in any currency, and pay fixed or variable interest. They are listed on a stock exchange or traded on another regulated market. The Sub-fund’s investment strategy is based on an analysis of the evolution of the financial situation of governments, companies, inflation, interest rates and the global economic situation. This analysis allows the Sub-fund to assess the capacity of governments or companies to repay their debts while maintaining balanced diversification among the issuers it selects. The Sub-fund may enter into fixed-term or optional-term financial contracts (derivatives) listed on an exchange or traded over the counter. These contracts are used both to optimise portfolio management and to protect its value against adverse movements on the financial markets. This class of shares does not distribute any income. You can buy and sell shares of this class every bank business day in Luxembourg. Recommendation: this Sub-fund may not be suitable for investors who plan to withdraw their capital in less than three years."
The following risks may also be significant for the Sub-fund: − Bond issuers may not meet their payment obligations. The Sub-fund mitigates this risk through in-depth analysis of the financial situation of the issuers in which it invests. The Sub-fund also monitors changes to their independent rating. − The Sub-fund invests in bonds that can easily be sold under normal market conditions. Exceptional circumstances may result in situations in which they would be sold at a loss to you. Further details about the risks you may incur by investing in this Sub-fund can be found in the sections “Risk Hedging and Use of Financial Instruments”, “Use of Derivatives and Management of Associated Risks” and “The Sub-funds of the SICAV” in the prospectus.
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
These financial products (classified as Article 8 as per the SFDR 2019/2088 regulation) promote environmental and social characteristics. They are not classified as Article 9 as per the SFDR 2019/2088 regulation and do not have sustainable investment as their objective.
Investors can consult a summary of their investors rights on www.capitalatwork.com/en/legal.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
CapitalatWork Foyer Group S.A.and CapitalatWork SA co-manage the portfolio of this Sub-fund. The Sub-fund aims for a positive return on your capital by investing primarily in bonds (loans) linked to changes in inflation rates and primarily issued by European and US issuers. These bonds are listed on a stock exchange or traded on another regulated market. To a lesser extent, the Sub-fund also invests its assets in bonds of other issuers as well as in cash and money market instruments. The Sub-fund’s investment strategy is based on an analysis of the evolution of the financial situation of issuers, inflation, interest rates and the global economic situation. This analysis allows the Sub-fund to assess the capacity of issuers to repay their debts while maintaining balanced diversification among the issuers it selects. The Sub-fund may enter into fixed-term or optional-term financial contracts (derivatives) listed on an exchange or traded over the counter. These contracts are used both to optimise portfolio management and to protect its value against adverse movements on the financial markets. This class of shares does not distribute any income. You can buy and sell shares of this class every bank business day in Luxembourg.
The following risks may also be significant for the Sub-fund: − Bond issuers may not meet their payment obligations. The Sub-fund mitigates this risk through in-depth analysis of the financial situation of the issuers in which it invests. The Sub-fund also monitors changes to their independent rating. − The Sub-fund invests in bonds that can easily be sold under normal market conditions. Exceptional circumstances may result in situations in which they would be sold at a loss to you. − Investing on emerging markets may be associated with risks inherent in political stability, the economic situation and/or the regulatory or tax environment, which may affect the price of the Sub-fund. Further details about the risks you may incur by investing in this Sub-fund can be found in the sections “Risk Hedging and Use of Financial Instruments”, “Use of Derivatives and Management of Associated Risks” and “The Sub-funds of the SICAV” in the prospectus.
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
CapitalatWork Foyer Group S.A.and CapitalatWork SA co-manage the portfolio of this Sub-fund. The Sub-fund aims to provide you with a high level of current income while maintaining strong liquidity. To achieve its objective, the Sub-fund invests in short-term bonds (loans) with maturities of less than three years. These bonds are issued by governments and private companies. These bonds are mostly listed or traded on a stock exchange or on another regulated market and are mostly denominated in euros. The Sub-fund invests on the basis of an analysis of key company data using the following criteria: the rating assigned by the rating agencies, cash flows and the time required to redeem the bonds with these flows, the maturity date of bonds issued by the selected companies and the ease with which these bonds can be resold. The Sub-fund may enter into fixed-term or optional-term financial contracts (derivatives) listed on an exchange or traded over the counter. These contracts are used both to optimise portfolio management and to protect its value against adverse movements on the financial markets. This class of shares does not distribute any income. You can buy and sell shares of this class every bank business day in Luxembourg.
The following risks may also be significant for the Sub-fund: − Bond issuers may not meet their payment obligations. The Sub-fund mitigates this risk through in-depth analysis of the financial situation of the issuers in which it invests. The Sub-fund also monitors changes to their independent rating. − The Sub-fund invests in bonds that can easily be sold under normal market conditions. Exceptional circumstances may result in situations in which they would be sold at a loss to you. Further details about the risks you may incur by investing in this Sub-fund can be found in the sections “Risk Hedging and Use of Financial Instruments”, “Use of Derivatives and Management of Associated Risks” and “The Sub-funds of the SICAV” in the prospectus.
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
CapitalatWork Foyer Group S.A.manages the portfolio of this Sub-fund. The Sub-fund aims to maintain a balance between capital protection and growth. The Sub-fund also maintains a balanced ratio between fixed or floating-ratebonds (loans) issued by governments or companies and equities (50%maximum). This proportion may be achieved either directly or by investing in other investment funds which themselves invest in bonds or equities. Most of the issuers of such equities and bonds listed or traded on another regulated market are located in Europe and the United States. The Sub-fund’s investment strategy is based on an analysis of the expected risk and return by category of instrument, issuer type and geographical area. The Sub-fund then selects the companies with solid fundamentals and high visibility that are traded on the market at a low price that the Sub-fund considers attractive. The Sub-fund may enter into fixed-term or optional-term financial contracts (derivatives) listed on an exchange or traded over the counter. These contracts are used both to optimise portfolio management and to protect its value against adverse movements on the financial markets. This class of shares does not distribute any income. You can buy and sell shares of this class every bank business day in Luxembourg. Recommendation: this Sub-fund may not be suitable for investors who plan to withdraw their capital in less than four years.
The following risks may also be significant for the Sub-fund: − Bond issuers may not meet their payment obligations. The Sub-fund mitigates this risk through in-depth analysis of the financial situation of the issuers in which it invests. The Sub-fund also monitors changes to their independent rating. − The Sub-fund invests in bonds and equities that can easily be sold under normal market conditions. Exceptional circumstances may result in situations in which they would be sold at a loss to you. Further details about the risks you may incur by investing in this Sub-fund can be found in the sections “Risk Hedging and Use of Financial Instruments”, “Use of Derivatives and Management of Associated Risks” and “The Sub-funds of the SICAV” in the prospectus.
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
CapitalatWork Foyer Group S.A.and CapitalatWork SA co-manage the portfolio of this Sub-fund. The Sub-fund aims to protect your capital from turbulence on the financial markets. The Sub-fund primarily invests in fixed or floating-rate bonds (loans) issued by governments or companies. A smaller portion (25% maximum) of the Sub-fund’s assets is invested in equities. This proportion may be achieved either directly or by investing in other investment funds which themselves invest in bonds or equities. Most of the issuers of such bonds and equities listed or traded on another regulated market are located in a member state of the OECD (Organisation for Economic Cooperation and Development). The Sub-fund’s investment strategy is based on an analysis of the expected risk and return by category of instrument, issuer type and geographical area. The Sub-fund then selects the companies with solid fundamentals and high visibility that are traded on the market at a price that the Sub-fund considers attractive. The Sub-fund may enter into fixed-term or optional-term financial contracts (derivatives) listed on an exchange or traded over the counter. These contracts are used both to optimise portfolio management and to protect its value against adverse movements on the financial markets. This class of shares does not distribute any income. You can buy and sell shares of this class every bank business day in Luxembourg. Recommendation: this Sub-fund may not be suitable for investors who plan to withdraw their capital in less than three years.
The following risks may also be significant for the Sub-fund: − Bond issuers may not meet their payment obligations. The Sub-fund mitigates this risk through in-depth analysis of the financial situation of the issuers in which it invests. The Sub-fund also monitors changes to their independent rating. − The Sub-fund invests in bonds and equities that can easily be sold under normal market conditions. Exceptional circumstances may result in situations in which they would be sold at a loss to you. Further details about the risks you may incur by investing in this Sub-fund can be found in the sections “Risk Hedging and Use of Financial Instruments”, “Use of Derivatives and Management of Associated Risks” and “The Sub-funds of the SICAV” in the prospectus.
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
CapitalatWork Foyer Group S.A.and CapitalatWork SA co-manage the portfolio of this Sub-fund. The Sub-fund aims for a positive return in euros on your capital by investing primarily in equities of companies (maximum of 75%). To a lesser extent, Sub-fund assets are also invested in fixed or floating-rate bonds (loans). This proportion may be achieved either directly or by investing in other investment funds which themselves invest in equities or bonds. Most of the issuers of such equities and bonds listed or traded on another regulated market are located in Europe and the United States. The Sub-fund’s investment strategy is based on an analysis of the expected risk and return by category of instrument, issuer type and geographical area. The Sub-fund then selects the companies with solid fundamentals and high visibility that are traded on the market at a price that the Sub-fund considers attractive. The Sub-fund may enter into fixed-term or optional-term financial contracts (derivatives) listed on an exchange or traded over the counter. These contracts are used both to optimise portfolio management and to protect its value against adverse movements on the financial markets. This class of shares does not distribute any income. You can buy and sell shares of this class every bank business day in Luxembourg. Recommendation: this Sub-fund may not be suitable for investors who plan to withdraw their capital in less than five years.
The following risks may also be significant for the Sub-fund: − Bond issuers may not meet their payment obligations. The Sub-fund mitigates this risk through in-depth analysis of the financial situation of the issuers in which it invests. The Sub-fund also monitors changes to their independent rating. − The Sub-fund invests in bonds and equities that can easily be sold under normal market conditions. Exceptional circumstances may result in situations in which they would be sold at a loss to you. Further details about the risks you may incur by investing in this Sub-fund can be found in the sections “Risk Hedging and Use of Financial Instruments”, “Use of Derivatives and Management of Associated Risks” and “The Sub-funds of the SICAV” in the prospectus.
Performance on rolling periods ending at the date mentioned above
Past performance is not a reliable indicator of future performance. All charges and management fees are included in the calculation of the historic performances with the exception of entry, probable exit costs and the tax.
Disclaimer : The content of this page is an advertising communication. Any investment decision should be taken after a thorough reading of the prospectuses and key information documents (KIDs).
The product is a compartment of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) incorporated as a variable capital investment company (SICAV) under the laws of Luxembourg. The relationship between CapitalatWork Foyer Group SA and the Client is governed by Luxembourg law. You can obtain the most recent Prospectus, the KID and the most recent semi-annual and annual reports of the sub-fund, free of charge, in English, Dutch and French from the depositaries or at www.capitalatwork.com/en/sicav/. Investors may consult a summary of the investors' rights, in English, Dutch and French, on our website. The Dutch-language versions can be found via these links; Summary of investor rights and General Conditions.
The Depositary is CACEIS Investor Services Bank S.A.
The net asset value of the different sub-funds are published through various sources, including De Tijd and L'Echo in Belgium, De Telegraaf in the Netherlands, Wort in Luxembourg and are also found on our website www.capitalatwork.com.
Further information about the Company (including the current Prospectus and most recent annual report) is available in english, dutch and french, and information about the fund and other share classes (including the latest prices of shares and translated versions of the KID), are available free of charge on www.capitalatwork.com or www.fundsquare.net or by making a written request to Lemanik Asset Management S.A., 106, route d’Arlon, L-8210 Mamer, Luxembourg or by emailing fund.reporting@lemanik.lu.
Complaint: In case of a complaint, please send it to "Complaints", 12 Rue Leon Laval – 3372 Leudelange - Luxembourg or by e-mail to complaints.lu@capitalatwork.com. In case you disagree with the answer given by CapitalatWork Foyer Group SA to your complaint, we invite you to submit your complaint to the CSSF (Commission de Surveillance du Secteur Financier) via the website: www.cssf.lu
The content of this webpage is an advertisement. Any investment decision must be taken after a thorough reading of the prospectus and the key information document (KID) of each of the sub-funds mentioned, which are available in English, Dutch and French via this page.
Each sub-fund is created for an unlimited period. The SICAV's Board of Directors may liquidate each sub-fund at any time. The management company Lemanik Asset Management SA may at any time cease to commercialise the Fund or any of its sub-funds.
The prospectus of the sub-funds of Capitalatwork Foyer Umbrella, an Undertaking for Collective Investment in Transferable Securities (UCITS) constituted as a Société d'Investissement à Capital Variable (SICAV) under Luxembourg law, is available in English, French and Dutch.
The prospectus of the sub-funds of Capitalatwork Equities Plus, an Undertaking for Collective Investment in Transferable Securities (UCITS) constituted as a Société d'Investissement à Capital Variable (SICAV) under Belgian law, is available in French, Dutch.
The relationship between CapitalatWork SA and the Client is subject to Belgian law. Further information on this subject is available in French, Dutch and English in our general terms and conditions and in the summary of investors' rights available via www.capitalatwork.com/en/legal.
To protect the SICAV and all of its sub-funds against liquidity risks that could arise as a result of high numbers of redemption requests, and to protect shareholders against short-term speculative movements entailing asset purchase or realisation costs in a sub-fund’s portfolio, the SICAV shall set the redemption price on the basis of a reduced NAV or set the subscription price on the basis of an increased NAV, as applicable, in order to take account of the asset purchase or realisation costs in the portfolio to finance this redemption price or to invest the subscription amount. The NAV shall be adjusted automatically (i.e. in particular without giving any priority whatsoever to one or more participants/subscribers or categories of participants/subscribers) if the sub-fund’s liabilities between compensated redemptions and subscriptions increase or decrease beyond the threshold set previously by the Board of Directors for the sub-fund in question. The Board of Directors may set different thresholds for different sub-funds, ranging from 5% to 20% of the sub-fund’s NAV. For this NAV calculation, the maximum adjustment factor that may be applied is 3%. This represents both (i) the estimated transaction costs that the sub-fund may incur and (ii) the difference between the bid and ask prices for the investments of the sub-fund concerned. If the NAV is adjusted in this way, the amount for covering the asset realisation costs, may not be claimed from shareholders whose redemption NAV is affected as a result.
However, this temporary NAV adjustment will not be taken into account when calculating the Investment Manager’s performance fee. The NAV adjustment mechanism and the methods for determining the adjustment factors are described in
greater detail in the procedure, which may be obtained on written request from the SICAV’s registered office. The Board of Directors has the discretionary power to set and modify the thresholds according to market events. It is also possible to have different thresholds for each sub-fund or fund depending on their type and investment policy. The adjustment factors and the trigger points are reviewed quarterly at the meetings of the Company’s Board of Directors and readjusted or modified by the Board of Directors. When necessary due to exceptional external events (primarily a major economic crisis), rates may be changed by decision of the Board of Directors or of two directors appointed by the Board to act on its behalf, subject to prior approval from the CSSF.
To protect the SICAV against liquidity risks that could arise as a result of high numbers of redemption requests, and to protect shareholders against short-term speculative movements entailing asset purchase or realisation costs in a sub-fund’s portfolio, the SICAV can also decide to claim the costs from investors/shareholders that would like to subscribe to or redeem shares, in order to offset the asset purchase or realisation costs in the portfolio to finance this redemption price or to invest the subscription amount. These costs may be claimed if the negative variation in the sub-fund’s liabilities due to inflows and outflows exceeds 3% of the sub-fund’s capital. These costs shall be limited to at most 3% of the NAV per share multiplied by the number of shares to which the redemption relates. These costs cannot be claimed if the NAV adjustment tool under the swing pricing mechanism is applied. The procedure for applying this anti-dilution levy mechanism may be obtained on written request from the SICAV’s registered office. The Company’s Board of Directors shall review the levy rates at least once a year. When necessary due to exceptional external events (primarily a major economic crisis), rates may be adjusted by decision of the Board of Directors or of two directors appointed by the Board to act on its behalf.
Performance fee calculation method:
This performance fee is payable at the end of each financial year provided all the following conditions are met:
When a new sub-fund is launched, the high-water mark is defined by default as the initial subscription NAV.
The amount of the performance fee is 5% of the performance achieved above the high-water mark and the reference NAV plus the hurdle rate pro rata temporis in proportion to the number of shares in circulation on the valuation day.
Any loss or underperformance during the financial year must be recovered before the performance fee becomes payable.
Performance fee crystallisation:
A provision shall be established as applicable on each net asset value calculation day.
If shares have been redeemed or converted into shares of another sub-fund during the calculation period, the portion of the performance fee provision accrued over the period corresponding to those shares shall be crystallised and payable to the Investment Manager.
At the beginning of each financial year after crystallisation, the provision is reset to zero and the high-water mark/reference NAV is adjusted: if a performance fee was paid during the previous financial year, the new highwater mark will correspond to the NAV on the last day of the financial year on which the performance fee was paid.
At the end of each financial year, the hurdle rate is reset to zero.
Illustration of the performance fee calculation:
The NAV per share at the end of the financial year is EUR 125.
The high-water mark/reference NAV is EUR 100.
For a sub-fund with a hurdle rate of 5%, the threshold is EUR 105.
The performance fee will therefore be payable because the NAV per share at the end of the financial year is higher than the high-water mark and hurdle rate.
Performance fee per share:
= (EUR 125 – EUR 105)*0.05 = EUR 1
NAV per share at the end of the financial year (after deduction of the performance fee) and consequently highwater mark/reference NAV applicable for the following financial year.
= EUR 125 – EUR 1
= EUR 124
The NAV per share at the end of the financial year is EUR 127.
The high-water mark is EUR 124.
For a sub-fund with a hurdle rate of 5%, the threshold is EUR 130.20.
As the NAV per share at the end of the financial year is below the hurdle rate, the Investment Manager will not receive a performance fee.
The high-water mark remains the same for the following financial year but the reference NAV becomes EUR 127.
The NAV per share at the end of the financial year is EUR 123.
The high-water mark is EUR 124 and the reference NAV is EUR 127
As the NAV per share at the end of the financial year is below the high-water mark and below the reference NAV, which has been increased by the hurdle rate, the Investment Manager will not receive a performance fee.
The high-water mark remains the same for the following financial year
The reference NAV remains EUR 127.
The NAV per share at the end of the financial year is EUR 135.
The high-water mark is EUR 124 and the reference NAV is EUR 127
As the NAV per share at the end of the financial year is higher than the high-water mark and higher than the reference NAV, which has been increased by the hurdle rate (EUR 127*1.05 = EUR 133.35), the Investment
Manager will receive a performance fee of:
= (EUR 135 – EUR 133.35)*0.05 = 0.0825
NAV per share at the end of the financial year (after deduction of the performance fee) and consequently highwater
mark/reference NAV applicable for the following financial year.
= EUR 135 – EUR 0.0825
= EUR 134.92
On the basis of a NAV per share of EUR 130 at the time of the redemption.
The high-water mark/reference NAV is EUR 124.
For a sub-fund with a hurdle rate of 5%, the threshold pro rata temporis is as follows:
| NAV | Highwater mark | Number of days since the start of the financial year | Hurdle rate pro rata temporis | Hurdle rate threshold | Performance fee per share |
|---|---|---|---|---|---|
| 130 | 124 | 30 | 0.0041 | 124.51 | 0.27 |
| 130 | 124 | 90 | 0.0123 | 125.52 | 0.22 |
| 130 | 124 | 180 | 0.0247 | 127.06 | 0.147 |
| NAV | HWM | DD | HRPR = 0.05*DD/365 | HR = HWM + (HWM*HRPR) | CPR = (NAV-HR)*0.05 |
In each of these cases, the performance fee will therefore be subject to a provision because the NAV per share at the end of the financial year is higher than the high-water mark and hurdle rate pro rata temporis.