NN (L) First Class Multi Asset - X Cap EUR

10/08/2022
264,33
Investment Scope

The fund applies a flexible and diversified investment approach designed to respond to changing market conditions. Measured over a period of 5 years, the fund aims to achieve returns that exceed EURIBOR 1-month within a strictly defined risk budget and a focus on downside risk mitigation. The fund is actively managed and the benchmark is not used for portfolio construction but for performance measurement purposes only. The fund uses active management to respond to changing market conditions by using amongst others fundamental and behavioural analysis resulting in dynamic asset allocation over time.

The fund can invest in various asset classes ( such as for example stocks, investment and non-investment grade bonds, cash, indirect real estate and commodities) and can use other financial instruments, such as derivatives, to reach its objectives. The fund cannot invest in physical commodities. The fund can take long and short positions (short positions via derivative instruments only) in order to achieve its objectives but will not take a short position on an asset class level (except for cash or temporary borrowing). The fund may also, up to 20% of its net assets, in China A through Stock Connect and Chinese debt through Bond Connect. The investments in high quality fixed income investments, money market instruments and cash or cash equivalents will be at least 50%. 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-9,14-5,25-6,47
Share Class Benchmark-0,54-1,56-2,30

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 risk 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 financial instruments 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 medium. Liquidity risks may arise when a specific underlying investment is difficult to sell. Moreover, currency fluctuation may impact highly the Sub-Fund’s performance. No guarantee is provided as to the recovery of the initial investment. Investments  through Bond Connect and Stock Connect may be subject to specific risks, including but not limited to, quota limitations, trading restrictions, currency risk, recalling of eligible stocks, clearing and settlement risk and regulatory risk. Investors are advised to familiarise themselves with the risks of this system as outlined in the prospectus.

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Practical Info
ISIN Code:
LU0809674384
Currency:
EUR
Unit Class:
X CAP
Asset Class:
Multi Asset
Region:
Global