quest management, sicav quest management, sicav quest management r.c.s. luxembourg quest management

Download Quest Management, SICAV Quest Management, SICAV Quest Management R.C.S. Luxembourg Quest Management

Post on 10-Jun-2020

2 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

  • Quest Management - Quest Cleantech Fund Quest Management - Quest+

    Quest Management, SICAV Annual report as per 31/12/2017 (audited)

    R.C.S. Luxembourg B 76 341 Investment Company (société d'investissement à capital variable ("SICAV")) pursuant to Part I of the amended Luxembourg Law of December 17, 2010 on Undertakings for Collective Investment

  • Page 2 | Annual report Quest Management, SICAV

    Contents

    Organisation ............................................................................................................ 3

    At a glance .............................................................................................................. 4

    Management Report .................................................................................................. 6

    Consolidated ............................................................................................................ 9

    Statement of net assets as per 31/12/2017 ............................................................................. 9 Profit and loss accounts from 01/01/2017 until 31/12/2017 ................................................... 10

    Quest Management - Quest Cleantech Fund ................................................................ 11

    Statement of net assets as per 31/12/2017 ........................................................................... 11 Profit and loss accounts from 01/01/2017 until 31/12/2017 ................................................... 12 Three-year comparison ...................................................................................................... 13 Change in net assets .......................................................................................................... 15 Shares in circulation .......................................................................................................... 16 Assets as per 31/12/2017 .................................................................................................. 17 Derivative instruments ....................................................................................................... 18

    Quest Management - Quest+ ..................................................................................... 19

    Statement of net assets as per 31/12/2017 ........................................................................... 19 Profit and loss accounts from 15/12/2017 until 31/12/2017 ................................................... 20 Three-year comparison ...................................................................................................... 21 Change in net assets .......................................................................................................... 22 Shares in circulation .......................................................................................................... 23 Assets as per 31/12/2017 .................................................................................................. 24 Derivative instruments ....................................................................................................... 25

    Notes to the financial statements ................................................................................ 26

    Report of the Réviseur d’Entreprises agréé ................................................................... 35

    Subscriptions can be accepted only on the basis of the valid Sales Prospectus (with annexes) and the Key Investor Information Document together with the most recent Annual Report and, if the latter was published more than eight months ago‚ the most recent Semi-Annual Report.

  • Page 3 | Annual report Quest Management, SICAV

    Organisation Company Quest Management, SICAV 26, Avenue de la Liberté LU-1930 Luxembourg Board of Directors Patrick de Bellefroid (Chairman), Nethen (BE) Jos Peeters (Member), Leuven (BE) Romain Moebus (Member), Luxembourg (LU) Yves Vaneerdewegh (Member), Leuven (BE) Management Company VP Fund Solutions (Luxembourg) SA 26, Avenue de la Liberté LU-1930 Luxembourg Day-to-day Managers of the Management Company Eduard von Kymmel (Chairman), Luxembourg (LU) Ralf Funk (Member), Luxembourg (LU) Until 30 November 2017: Anne Guidi (Member), Luxembourg (LU) Since 1 December 2017: Uwe Stein (Member), Luxembourg (LU) Board of Directors of the Management Company Until 8 July 2017: Christoph Mauchle (Chairman), Luxembourg (LU) Since 10 July 2017: Eduard von Kymmel (Chairman), Luxembourg (LU) Jean-Paul Gennari (Member), Hesperange (LU) Since 7 July 2017: Ralf Konrad (Member), Vaduz (LI)

    Investment Manager and Marketing Agent Capricorn Venture Partners N.V. Lei 19/1 BE-3000 Leuven Administrator, Domiciliary, Registrar and Transfer Agent VP Fund Solutions (Luxembourg) SA 26, Avenue de la Liberté LU-1930 Luxembourg Depositary and Principal Paying Agent VP Bank (Luxembourg) SA 26, Avenue de la Liberté LU-1930 Luxembourg Auditor KPMG Luxembourg, Société coopérative Cabinet de révision agréé 39, Avenue John F. Kennedy LU-1855 Luxembourg Legal Advisor Elvinger Hoss Prussen, Société anonyme 2, place Winston Churchill LU-1340 Luxembourg Financial Agent for Belgium CACEIS Bank, Belgium Branch Avenue du Port 86c, B320 BE-1000 Brussels Representative for France CACEIS Bank France Place Valhubert 1-3 FR-75013 Paris Information Agent for Germany CACEIS Bank S.A., Germany Branch Lilienthalallee 34-36 DE-80939 Munich

  • Page 4 | Annual report Quest Management, SICAV

    At a glance Net asset value as at 31/12/2017 EUR 168.5 millions Net asset value per share as at 31/12/2017 Quest Management - Quest Cleantech Fund (A) EUR 219.63 Quest Management - Quest Cleantech Fund (B) EUR 257.95 Quest Management - Quest Cleantech Fund (C) EUR 276.60 Quest Management - Quest Cleantech Fund (I) EUR 123.74 Quest Management - Quest Cleantech Fund (R) EUR 121.63 Quest Management - Quest+ (C) EUR 99.20 Performance1 since inception p.a. 1 year2 Quest Management - Quest Cleantech Fund (A) 8.40 % 15.03 % Quest Management - Quest Cleantech Fund (B) 10.20 % 17.63 % Quest Management - Quest Cleantech Fund (C) 10.99 % 18.38 % Quest Management - Quest Cleantech Fund (I) 8.04 % 18.40 % Quest Management - Quest Cleantech Fund (R) 7.36 % 17.65 % Quest Management - Quest+ (C) - -0.80 % Inception per Quest Management - Quest Cleantech Fund (A) 31/03/2008 Quest Management - Quest Cleantech Fund (B) 31/03/2008 Quest Management - Quest Cleantech Fund (C) 31/03/2008 Quest Management - Quest Cleantech Fund (I) 31/03/2015 Quest Management - Quest Cleantech Fund (R) 31/03/2015 Quest Management - Quest+ (C) 15/12/2017 Total expense ratio (TER)3 incl. Performance fee excl. Performance fee Quest Management - Quest Cleantech Fund (A) 3.95 % 0.50 % Quest Management - Quest Cleantech Fund (B) 1.72 % 1.72 % Quest Management - Quest Cleantech Fund (C) 1.11 % 1.11 % Quest Management - Quest Cleantech Fund (I) 1.10 % 1.10 % Quest Management - Quest Cleantech Fund (R) 1.73 % 1.73 % Quest Management - Quest+ (C) 0.05% 0.05 % Luxembourg VAT number LU 23760362 1 Past performance is not necessarily a guide to the future performance of the fund. The performance information above does not reflect the commissions charged upon issuance and redemption of fund shares. 2 For share classes, whose inception date is during the reporting period‚ the performance won’t be annualized but includes the period between the inception date and the business year-end. 3 Indicates the sum of all commissions and costs charged to the fund during the last 12 months as a percentage of net asset value. The calculation for Quest Management – Quest+ (C) covers the period from December 15, 2017 to December 31, 2017.

  • Page 5 | Annual report Quest Management, SICAV

    Distributions

    Quest Management - Quest Cleantech Fund (A) None (reinvestment of

    profits)

    Quest Management - Quest Cleantech Fund (B) None (reinvestment of

    profits)

    Quest Management - Quest Cleantech Fund (C) None (reinvestment of

    profits)

    Quest Management - Quest Cleantech Fund (I) None (reinvestment of

    profits)

    Quest Management - Quest Cleantech Fund (R) None (reinvestment of

    profits)

    Quest Management - Quest+ (C) None (reinvestment of

    profits) Performance fee

    Quest Management - Quest Cleantech Fund (A) 20% (Euro Cash Indices LIBOR Total Return 3

    Months EUR) with high watermark Quest Management - Quest Cleantech Fund (B) None Quest Management - Quest Cleantech Fund (C) None Quest Management - Quest Cleantech Fund (I) None Quest Management - Quest Cleantech Fund (R) None Quest Management - Quest+ (C) None

    Subscription commission

    (max.) Redemption fee

    (max.) Quest Management - Quest Cleantech Fund (A) 2.00 % 0.00 % Quest Management - Quest Cleantech Fund (B) 2.00 % 0.00 % Quest Management - Quest Cleantech Fund (C) 2.00 % 0.00 % Quest Management - Quest Cleantech Fund (I) 2.00 % 0.00 % Quest Management - Quest Cleantech Fund (R) 2.00 % 0.00 % Quest Management - Quest+ (C) 2.00 % 0.00 %

    Fund domicile ISIN Quest Management - Quest Cleantech Fund (A) Luxembourg LU0346060212 Quest Management - Quest Cleantech Fund (B) Luxembourg LU0346062424 Quest Management - Quest Cleantech Fund (C) Luxembourg LU0346063406 Quest Management - Quest Cleantech Fun

Recommended

View more >