Value for money analysis of the general conditions of the reference inheritance contract for AXA Théma, Coralis Sélection

  • General condition analysis of contracts
  • Good value for money

Coralis Selection (AXA Wealth Management)

Good value for money analysis of the general conditions

Version per 23 November 2022

Reference elements

  • Insurance company:
  • Contract type:
  • Contract type:
  • Entity that subscribes to the collective agreement:
    • (not relevant because individual contract)
  • Version of the analyzed general conditions :
    • Ref. 970522 – April 2022
  • Contract status:
    • Open for new subscriptions

Costs

  • Advance payments on payments:
    • 4.50% maximum entry fee

+ 0.50% access fee on the fund in euros paid out in full as a profit sharing (PPB) by the fund

  • Annual management fees on Euro funds:
    • Coralis Euro Patrimoine Fund: 1.00%
  • Annual management fees on the eurocroissance fund:
    • Growth funds: 1.00%
      + 10% maximum fee for financial performance
  • Annual management fees on unit-linked (UA) :
    • 1.00% is raised daily by reducing the number of billing units for “classical” units of account
    • 1.40% is raised daily by reducing the number of billing units for units of account of “living securities” and “ETF” nature
  • Additional Annual Fees for Management Under Collective Mandate (GSMC) :
    • 1.00% deducted daily for reduction in the number of units of account for conventional collective discretionary management offers
    • 1.50% deducted daily by reducing the number of units of account for collective management offers that exclusively offer ETF-type vehicles (trackers or index management)
  • Additional annual fees for management under personal mandate (GSMP) :
    • 2.00% is raised daily by reducing the number of billing units
      (note that the units of account now integrated into the GSMP are pure shares that benefit from reduced fees due to the absence of retrocession)

Minimum payment amount

  • Minimum opening deposit amount:
    • Free administration: €25,000 (minimum €150 per financial aid)
  • Free minimum deposit amount:
    • €500 (minimum €150 per financial aid)
  • Minimum amount for scheduled free payments:
    • Monthly periodicity: €150 (minimum €150 per financial aid)
    • Quarterly periodicity: €150 (minimum €150 per financial aid)
    • Semi-annual frequency: €150 (minimum €150 per financial aid)
    • Annual frequency: €150 (minimum €150 per financial support)

“Coralis Euro Patrimoine” classic Euro fund

  • Rate history shown(deducting fees and gross social contributions):
    • 2021: 0.70% to 0.91% depending on bonus
    • 2020: 1.00% to 1.30% depending on bonus
    • 2019: 1.30%
    • 2018: 1.70%
    • 2017: 1.85%
    • 2016: 2.10%
    • 2015: 2.40%
    • 2014: 2.65%
    • 2013: 2.84%
    • 2012: 2.86%
    • 2011: 2.86%
    • 2010: 2.86%
    • 2009: 3.21%
  • Possible investment restrictions:
  • The fund is guaranteed in euros:
    • Gross guarantee for the administration fees for the contract on the fund in euros,
      therefore 99% per year.
  • The existence of an aid protection clause in euros in the event of a significant increase in interest rates: The insurance company can limit movements out of the Coralis Euro Patrimoine support in euros if the average interest rate for government loans (TME) in a given month becomes higher than the return on the assets of the insurance company on 31 December from the previous year. »

Growth funds

  • Functions :
    • 10-year maturity guarantee of 100% of paid-in amounts excluding payment fees, therefore with deduction of administration fees on the Growth Fund.
  • Investment restrictions:
    • The growth fund cannot be invested in scheduled installments.

Suggested financial management methods

  • Free administration:
    • Investment framework:
      • Possible investment in the Coralis Euro Patrimoine fund in euros
      • Possible investment in the Growth Fund
      • Access to the range of 600 CPUs offered in free administration

  • Range of billing units offered in free administration
    • 640 classical units of account question of 143 management companieswhose:
      • 183 SRI labeled funds
      • 397 ESG labeled funds
      • 9 funds labeled Recovery
      • 3 Finansol branded funds
    • Real estate supports:
    • trackers(available via the Live Securities and ETF option):
      • Selection of 5 trackers (ETF) (from an outstanding amount of €100,000)
    • Live titles(available via the Live Securities and ETF option):
      • 200 actions directly available (from an outstanding amount of €100,000)
    • Private equity funds (unlisted):

  • Possible activation of the following financial management options:
    • Progressive investment
      • Free choice of frequency: monthly, quarterly, half-yearly, annually
      • Free choice of the units of account to be invested in and the distribution in %
      • Arbitrage from the Coralis Euro Patrimoine euro fund
      • Automatic execution of arbitration proceedings during the period requested by the client
      • Billing of 1% redirect fee with a minimum of €15 (e-operation)
    • Capping (protection of capital gains)
      • Daily check of the opportunity
      • Different settings possible for each account unit
      • Minimum outstanding amount of €1,500 per affected unit of account
      • Selection for each affected unit of account of a capital gain level: multiple of 1% from 5%
      • Arbitrage only of the observed capital gain
      • Prohibition of arbitrage to the Coralis Euro Patrimoine fund in euros or to the Croissance fund
      • Invoicing of automatic arbitrations carried out thus up to 0.50% of the transferred amounts with a minimum of €15
    • Stop-loss max
      • Daily check of the opportunity
      • Different settings possible for each account unit
      • Minimum outstanding amount of €1,500 per affected unit of account
      • Selection for each affected unit of account of a rate loss level: multiple of 1% from – 10%
      • Arbitration of the entire line
      • Prohibition of arbitrage to the Coralis Euro Patrimoine fund in euros or to the Croissance fund
      • Invoicing of automatic arbitrations carried out thus up to 0.50% of the transferred amounts with a minimum of €15
  • Management under Collective Mandate (GSMC)
    • Investment framework:
      • The saver’s choice of management orientation with a management company chosen by him
      • Additional fixed billing of 1% annual administration fee
      • Lack of invoicing of the arbitrations that have been carried out in this context
    • Offered mandates:
      • Mandate Architas Heritage Selection
      • Mandate DNCA Reagent 40-60
      • Globally diversified treasury mandate
      • FDA’s patrimonial mandate
      • FDA PEA mandate
      • FDA reactive mandate
      • FDA mandate conviction future
      • Mandarine Elixir Europe Mandate
      • Mandate Sanso conviction
      • Mandate Sanso Selection
      • Sycomore Sustainable Investment Mandate
      • Mandate EDRAM Trend Premium…
  • Management under personal mandate (GSMP)
    • Investment framework:
      • Requirement for a minimum outstanding amount of €250,000
      • Choosing an agent saver
      • Agent access to a complementary selection of media consisting of 200 direct securities and trackers (ETFs)
      • Additional fixed billing of 2% annual administration fee
      • Redirection costs for savings are also billed with an annual cap of 3% of outstanding
  • Methods for possible accumulation of the proposed management methods:
    • Multi-pocket operation:
      • Option for the saver, and subject to compliance with the set minimum amounts of payments, to combine different types of management within its contract

Fees for redirecting savings between the different types of management
(Free management, Management under collective mandate, Management under personal mandate)

  • Invoicing of 150% maximum of the transferred amounts with a minimum of 68 € (€15 in case of e-operation), of which:
    • 1.00% maximum applicable to the amount of each redirect,
    • 0.50% access fee on the support in eurosonly applicable to the part that is invested in aid in euros.

Arbitration

  • Minimum amount for an arbitration:
  • Billing:
    • 1.50% of the amounts transferred with a minimum of €68 (€15 in the case of an e-operation)

Partial redemption

  • Minimum amount for a partial surrender:
  • Minimum balance at the end of the partial redemption:

Floor guarantee in the event of an accident

  • The maximum amount of insurable loss:
  • Age limit for warranty:
    • 70th birthday of the insured
  • Annual warranty costs:
    • Absence of invoicing (warranty included as standard in the contract)

Optional floor warranty

  • The maximum amount of insurable loss:
  • Age limit for warranty:
    • 75th birthday of the insured
  • Annual warranty costs:
    • 35-year insured: 0.168% of capital at risk
    • 40-year insured: 0.248% of capital at risk
    • 45-year insured: 0.419% of capital at risk
    • 50-year insured: 0.627% of capital at risk
    • 55-year-old insured: 0.933% of capital at risk
    • Insured age 60: 1.357% of the risk
    • Insured age 65: 2.090% of the risk
    • 70-year insured: 3.487% of capital at risk

To learn more about the analysis of good value for money, click on the following link: https://www.goodvalueformoney.eu/produit/selection-sel0000497-coralis-selection-axa-thema-selection-2022-2023

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