NN (L) Emerging Markets High Dividend - X Cap USD

Valuation Day

01/12/2022

Net Asset Value

49.8200

Risk level

MorningStar

Investment Scope

The fund invests in companies, established, listed or traded in any emerging or developing country in Latin America (including the Caribbean), Asia (excluding Japan), Eastern Europe, the Middle East and Africa. The dividend yield (dividend as a percentage of the share price) of the portfolio is targeted to be superior to the benchmark. The portfolio is diversified across countries and business sectors. The fund uses active management to target companies thatscore well according to our systematic in-vestment process, with stock and sector deviation limits maintained relative to the benchmark. Its stock-level composition will therefore materially deviate from the benchmark.

The Fund may also invest directly, up to 20% of its net assets, in mainland China via Stock Connect which is the mutual market access programme through which investors can deal in selected securities. Measured over a period of several years, we aim to beat the performance of the benchmark MSCI Emerging Markets (NR). The benchmark is a broad representation of our investment universe. The fund may also include investments into securities that are not part of the benchmark universe. The fund’s stock selection process is driven by the analysis of fundamental and behavioural data and includes the integration of ESG factors. 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 -33.51 -20.22 -26.53
Share Class Benchmark -31.03 -12.67 -14.54
Date Report 31/10/2022

Practical Info

ISIN Code: LU0799828818
Currency: USD
Unit class: X CAP
Asset class: Equity
Region: Emerging Markets

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 with stocks and/or financial instruments 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. The Sub-Fund’s liquidity risk is set to high. Liquidity risks may arise when a specific underlying investment is difficult tosell. Moreover, currency fluctuation may impact highly the Sub-Fund’s performance. Investments in a specific theme are more concentrated than investments in various themes. No guarantee is provided as to the recovery of the initial investment. The fund may invest in China A-shares through Stock Connect, a system facilitating equity investment to the Chinese market. Investments through this system are subject to specific risks, including but not limited to, quota limitations, trading restrictions, 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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Synthetic Risk and Reward Indicator

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