NN (L) Asian Debt (Hard Currency) (X Cap)

Valuation Day

01/12/2022

Net Asset Value

1601.9900

Risk level

MorningStar

Investment Scope

The fund invests in bonds and money market instruments issued mainly in US dollars by Asian issuers. The issuers of these bonds and money market instruments are located in Singapore, Malaysia, Thailand, Indonesia, South Korea, Taiwan, the Philippines, India, Hong Kong and the People's Republic of China. Issuers from other Asian-Pacific countries may also be taken into consideration. The fund may also invest in Chinese onshore debt securities through Bond Connect, a market facilitating investment to the Chinese bond market. Measured over a period of several years, we aim to beat the performance of our benchmark JP Morgan Asia Credit (JACI) Index Composite.

The benchmark is a broad representation of the investment universe. The fund is actively managed with a strong focus on debt issued in hard currency. We actively manage the fund with a focus on issuer selection, based on the research and recommendations of our credit analyst team. The portfolio is diversified across countries, sectors and instruments. The portfolio composition can materially deviate from 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 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 %)

USD 1y 3y 5y
Fund -21.51 -24.96 -18.64
Share Class Benchmark -17.02 -13.38 -4.90
Date Report 31/10/2022

Practical Info

ISIN Code: LU0546914242
Currency: USD
Unit class: X CAP
Asset class: Fixed Income
Region: Asia

Risk and Reward Profile

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 withbonds used to reach the investment objective is considered high.

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 high. The Sub-Fund’s liquidity risk is set to high Liquidity risks may arise when a specific underlying investment is difficult to sell. Moreover, currency fluctuation may impact highly the Sub-Fund’s performance. Investments in a specific geographic area are more concentrated than investments in various geographic areas. 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.

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Synthetic Risk and Reward Indicator

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