NN (L) Euro Fixed Income (X CAP)

Valuation Day

01/12/2022

Net Asset Value

465.5000

Risk level

MorningStar

Investment Scope

The fund primarily invests in a diversified portfolio of bonds denominated in euro. We invest in government- and corporate bonds of high quality (with a rating of AAA to BBB-). The fund uses active management to anticipate changes of the level of government bond yields, country- and credit spreads within the eurozone 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 Barclays Euro-Aggregate  benchmark. The benchmark is a broad representation of the in-vestment grade bond universe denominated in euro. For risk management purposes, bond and country 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 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 %)

EUR 1y 3y 5y
Fund -20.82 -22.52 -17.65
Share Class Benchmark -16.04 -16.30 -10.10
Date Report 31/10/2022

Practical Info

ISIN Code: LU0546918151
Currency: EUR
Unit class: X CAP
Asset class: Fixed Income
Region: Europe

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 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. 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.

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Synthetic Risk and Reward Indicator

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