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NN (L) Euro Sustainable Credit (Excluding Financials) P1 sustainable

1 259,48 EUR

NAV 12/04/2021

-0,41 EUR (-0,03%)

Evolution compared to the last NAV
Funds'name

NN (L)

Type

Sustainable/Ethical

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 30/09/2020

IRS R00.20PER6M 03/13/22 BNPAFRPP LONG 3,76%
0.875% DEUTSCHE TELEKOM INT FIN 01/30/2024 2,50%
2.250% Takeda Pharmaceutical 11/21/2026 1,51%
0.750% Autoliv Inc 06/26/2023 1,51%
0.875% NATURGY FINANCE BV 05/15/2025 1,48%
1.500% Aptiv Plc 03/10/2025 1,42%
1.150% ANHEUSER-BUSCH INBEV SA/ 01/22/2027 1,41%
0.250% TOYOTA MOTOR CREDIT CORP 07/16/2026 1,30%
5.750% INNOGY FINANCE BV 02/14/2033 1,22%
0.500% FCA BANK SPA IRELAND 09/13/2024 1,08%

Factsheet

Isin LU0577843260
Name NN (L) Euro Sustainable Credit (Excluding Financials) P
Total Assets 0 million
Fund type Bond fund
Management fee 0,85%
Distribution fee 0,39% on the amount of the position
Fund manager Alfred Meinema
Fund manager since 30/12/2011
Legal type and nationality Investment company according to Luxembourg law
Financial Service ING Belgium
Frequency Listing daily
Investment Horizon 1 year
Investment Category Bonds Euro (without term) : Euro
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

Credit risk

Liquidity 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

The fund primarily invests in a diversified portfolio of corporate bonds (excluding financials) of high quality denominated in Euro (with a rating of AAA to BBB-). The fund may invest a limited percentage in financials and in corporate bonds with a higher risk and therefore with a higher yield (with a quality rating lower than BBB-). To determine our eligible sustainable universe, companies are screened using exclusionary screening. Companies with serious and structural issues concerning controversial behavior are excluded. Measured over a period of several years we aim to beat the performance of the benchmark Bloomberg Barclays Euro Aggregate Corporate ex Financials. The benchmark is a broad representation of our investment universe. The fund can also include bonds that are not part of the benchmark universe. We actively manage the fund with a focus on company selection. We combine our analysis on specific issuers of corporate bonds with a broader market analysis to construct the optimal portfolio. We aim to exploit differences in bond valuations of companies within a sector and differences in valuations between sectors and different quality segments (ratings). Therefore the fund positioning can materially deviate from the benchmark. As issuer specific risk is an important driver of performance, we subject all issuers in the investable universe to an in-depth analysis of business and financial risk. For risk management purposes, issuer, sector and rating deviation limits are maintained relative to the benchmark. 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 at providing 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.