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NN (L) Emerging Markets Debt (Hard Currency) P (Hedged i)1

987,97 EUR

NAV 17/02/2020

0,52 EUR (0,05%)

Evolution compared to the last NAV
Funds'name

NN (L)

Type

Emerging markets

Rating 3
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Minimum buy value

no minimum for KEYPLAN

Minimum sell value

no minimum for KEYPLAN

Cap/Dist

Distribution

Regional split

Sectorial split

Major holdings

1MDB GLOBAL INVESTMENTS 4.400% 2023-03-09 2,29%
REPUBLICA ORIENT URUGUAY 4.975% 2055-04-20 1,41%
RUSSIAN FEDERATION RegS 5.250% 2047-06-23 1,30%
STATE OF QATAR RegS 4.817% 2049-03-14 1,05%
REPUBLIC OF ECUADOR RegS 7.875% 2028-01-23 1,01%
ROMANIA MTN RegS 4.625% 2049-04-03 1,00%
LEBANESE REPUBLIC RegS 7.250% 2037-03-23 0,92%
UKRAINE GOVERNMENT RegS 0.000% 2040-05-31 0,91%
REPUBLIC OF COLOMBIA 5.000% 2045-06-15 0,90%
REPUBLIC OF ZAMBIA RegS 8.970% 2027-07-30 0,88%

Factsheet

Isin LU0555020212
Name NN (L) Emerging Markets Debt (Hard Currency) P (Hedged i)
Total Assets 2772 million USD
Fund type Bond fund
Management fee 1,54%
Distribution fee 0,72% on the amount of the position
Fund manager Marco Ruijer
Fund manager since 02/05/2011
Legal type and nationality Investment company according to Luxembourg law
Financial Service ING Belgium
Frequency Listing daily
Investment Horizon 4 years
Investment Category Bonds basket foreign currencies (without term) : Growth markets
European Passport Yes
Quote Currency EUR
Publication NV www.beama.be
Duration undetermined

Registration and reception of the requests of issue/redemption/change of sub-fund

Each subscription/redemption request of shares can be introduced and registered on each working day before 11h30 (Belgian time) through the transaction site of Keytrade Bank. If we receive your order before 11h30, it will be executed at the NAV of the same day (D), of the following day (D+1) or the next following day (D+2), depending from the fund.

If you want to be certain about the NAV of execution, we advise you to check the prospectus (see conditions for the subscription and the redemptions of shares). If Keytrade Bank receives your order after 11h30, the order will be considered being placed the following day.

Requests for changes of sub-fund are not possible at Keytrade Bank

Risk

Currency risk

Credit risk

Liquidity risk

Concentration risk

Hedging risk

SRRI risk indicator 2

Lower risk
Higher risk
 
Potentially lower return
Potentially higher return
 
 
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  • 7
 

 

2 The synthetic risk indicator gives an indication of the risk associated with investing in a collective investment. The scale goes from 1 (weakest risk) to 7 (highest). The lowest category does not indicate that the investment is risk free. The indicator is based on historical data and may possibly not be a reliable indication of the future risk profile of the fund. The type of risk is not a guarantee and may change over time. (you can find more information here)

Tariff structure

Stock exchange tax at redemption not applicable
Withholding tax 25%
Capital Gains Tax not applicable *
Entry fees 0 EUR
Exit fees 0 EUR **

For other, non-current costs that might be paid by the investor, we refer to the prospectus

* 25% withholding tax on the realised gains on the fixed income part of the fund if the fund contains more than 25% of fixed income products

** If you transfer a fund/the funds of your Keyplan to your trading account before the end of the fifth year, you will have to pay fees of € 9.95 (per transferred fund).

Investment policy

Objectives and Investment Policy The fund invests in debt instruments (i.e. notes, bonds, certificates etc) denominated in currencies of economically developed and politically stable countries which are members of the OECD (Organisation for Economic Cooperation and Development). We invest in countries where we are able to assess specific political and economic risks and in countries that have undertaken certain economic reforms. The issuers of the debt instruments are established in low and middle income developing countries (emerging markets). We invest in South and Central American (including the Caribbean), Central and Eastern European, Asian, African and Middle Eastern debt instruments. Measured over a period of several years, we aim to beat the performance of the benchmark JP Morgan EMBI Global Diversified hedged (EUR). For this specific hedged share class we apply a currency hedging strategy. The sub-fund?s base currency is US dollar (USD). By hedging this share class we aim to exchange the base currency of the sub-fund (USD) with the base currency of this share class euro (EUR). A currency hedge consists of taking an offsetting position in another currency. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund aims to provide you with a regular dividend.

If you have a complaint, please contact our Legal Department:  compliance@keytradebank.lu

If the complaint is not handled to your full satisfaction, you may submit it to the CSSF: http://www.cssf.lu/consommateur/reclamations/

1 Fund means «Undertaking for collective Investment». Undertaking for collective Investment is a general term used for different undertakings collecting money from the public and whose activity consists in managing an investment portfolio. The fund notion contains as well collective investment schemes in the form of an investment company (such as the Sicav or Sicafi) as the contractual funds (such as the Mutual Fund) and their sub-funds.

3 When you would like to have more information on the diamond rating of VWD, please click here.