Funds

Mandates can be executed by participation in one of the Laaken funds. These funds are fiscally structured as private funds for joint account with an open-end structure. By offering participation in funds Laaken can attain more diversified portfolios for its clients, given that some securities have high minimum denominations. The funds are also exempt from VAT with regard to the asset management fee.

Entering or exiting the fund can be done each month. This is done by buying from or selling participation to the fund at the net asset value per participation at that moment.

The asset management fee charged to the fund amounts to ¼% per quarter, calculated on the total capital at quarter-end. Transaction costs and bank charges will be borne by the Fund. The cost of the trustee and the annual external audit will be borne by the manager. The minimum amount at which clients can participate in the fund is EUR 250,000.

The model portfolios that are listed under individual accounts are available as investment funds. It is also possible to set up a portfolio in line with a specific investment in liquid bonds and/or listed shares, for example: Listed Private Equity, Bonds, High dividend or Defensive Asia.

The current funds Laaken Defensive Fund USD, Laaken Defensive Fund EUR and Laaken Balanced Fund EUR Laaken use the exemption: Minimum above € 100,000. For the provision of these funds Laaken Asset Management NV therefore is not required to have a license from the AFM.

 

Laaken model portfolios

Laaken Balanced EUR

The Balanced model portfolio's objective is long term capital growth and income generation. This portfolio has a neutral risk profile. In the neutral allocation 40% of the portfolio is invested in fixed income securities and cash. At least 25% of the portfolio is invested in fixed income securities with a credit rating of AA or higher and liquidity. The securities in this portfolio are mainly value investments that generate income from dividends and interest payments. However, some of the investments have a focus on growth. The historic annual standard deviation of the portfolio, measured over the entire duration of the portfolio, is 8% and 6.1% over the last three years.

Laaken Defensive EUR

The Defensive model portfolio's objective is to preserve capital and generate income. This portfolio has a defensive risk profile. In the neutral allocation 65% of the portfolio is invested in fixed income securities and cash. At least 40% of the portfolio is invested in fixed income securities with a credit rating of AA or higher and liquidities. The securities in this portfolio are mainly value investments that generate income from dividends and interest payments. The historic annual standard deviation of the portfolio, measured over the entire duration of the portfolio, is 5.2% and 5.3% over the last three years.

Laaken Defensive USD

The Defensive USD portfolio's objective is to preserve capital and generate income for cliënts with a U.S. Dollar reference currency. This portfolio has a defensive risk profile. In the neutral allocation 65% of the portfolio is invested in fixed income securities and cash. At least 40% of the portfolio is invested in fixed income securities with a credit rating of AA or higher and liquidities. The securities in this portfolio are mainly value investments that generate income from dividends and interest payments. The historic annual standard deviation of the portfolio, measured over the entire duration of the portfolio, is 5% and 4.4% over the last three years.

Investment returns in Euro’s gross of management fees & bank expenses. Reported returns to potential clients are returns before cost because net returns depend on the portfolio value and custody bank.

The model portfolios Defensive EUR and Balanced EUR, as referred to in the overview above, were established at the beginning of 2007 on the basis of € 5,000,000 each. The performances have partially been backtracked as of 1 January 2007 for the period till April 2007. The Defensive USD was established in november 2011. The portfolio benchmarks are rebalanced to the norm weight on a monthly basis. The value of one’s investments may fluctuate over time; past performance is not a guarantee of future results.