NN (L) Global Inflation Linked Bond (X Cap)

10/08/2022
306,22
Investment Scope

The fund primarily invests in a diversified portfolio of global inflation-linked bonds of high quality (with a rating of AAA to AA-), but may also invest regular bonds with a fixed coupon. All cashflows (coupon- and principal payments) of an inflation-linked bonds will be adjusted to the inflation rate and offer therefore protection against inflation changes. The fund uses active management to anticipate changes of the level of government bond yields, the inflation rate, FX rates and country spreads within the investment universe based on fundamental- and quantitative analysis. The fund positioning can therefore materially deviate from the benchmark. Measured over a period of several years we aim to beat the performance of the Bloomberg World Govt Inflation-Linked All Maturities EUR (hedged). The benchmark is a broad representation of the global inflation-linked bond universe. For risk management purposes, bond and country deviation limits are maintained relative to the benchmark. For this specific hedged share class we apply a currency hedging strategy. By hedging our currencies we aim to avoid currency risks for euro (EUR) investors. We hedge all currency risks in the benchmark of the sub-fund to the reference currency of this share class (EUR). The risks of
exchange rate fluctuations against the EUR, related to over- and underweight positions in the portfolio versus the benchmark of the sub-fund, remain in this share class. 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 does not aim to provide you with a dividend. It will reinvest all earnings

 

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Past returns do not predict future returns
Historical NAV
Calendar Year Performance (NET %)
Cumulative Performance (ΝΕΤ %)
EUR1y3y5y
Fund-10,08-3,500,26
Share Class Benchmark-7,831,618,26

Reference Date 31.07.2022
Προφίλ Κινδύνου
1234567

Historical data, such as is used for calculating this indicator, may not be a reliable indication of the future risk profile of this fund. There is no guarantee that the risk indicator will remain unchanged, it may shift over time. The lowest category of risk does not mean that the investment is riskfree. This fund is in this specific category because of the behaviour of the product during the measuring period. The overall market risk, taking into account past performances and future potential evolution of the markets, associated with bonds used to reach the investment objective is considered medium. These financial instruments are impacted by various factors. These include, but are not limited to, the development of the financial market, the economic development of issuers of these financial instruments who are themselves affected by the general world economic situation and the economic and political conditions in each country. Expected credit risk, the risk of failure of the issuers of underlying investments is medium. The Sub-Fund’s liquidity risk is set to low. Liquidity risks may arise when a specific underlying investment is difficult to sell. No guarantee is provided as to the recovery of the initial investment. Investments through Bond Connect are subject to specific risks, including but not limited to, trading restrictions, currency risk and regulatory risk. Investors are advised to familiarize themselves with the risks of this market as outlined in the prospectus. Hedging share classes, a method to try to manage specific currency risk, may lead to additional credit risk and to residual market risk depending on the effectiveness of the hedging performed.

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Practical Info
ISIN Code:
LU0548664704
Currency:
EUR
Unit Class:
X CAP
Asset Class:
Fixed Income
Region:
Global