NN (L) First Class Sustainable Yield Opportunities (X Cap)

Valuation Day

01/12/2022

Net Asset Value

235.5800

Risk level

MorningStar

Investment Scope

The fund's objective is to achieve returns higher than EURIBOR 1-month, measured over a rolling 3 - 5 years period. This index is not used for portfolio construction but for performance measurement purposes only. The fund is actively managed. The fund invests in a diversified portfolio of mainly fixed income instruments and aims to generate returns from dynamic asset allocation decisions and security selection. The fund mainly invests in investment and non-investment grade corporate and sovereign bonds in both developed and emerging markets but can also invest in other fixed income instruments such as, but not limited to, covered bonds and asset backed securities.

The investments in investment grade fixed income investments, money market instruments and cash or cash equivalents will be at least 50% of the net assets. When selecting investments, we analyse, maintain and update the credit rating of future investments and ensure that the average rating of the portfolio is BBB - or better. The fund uses derivatives and can take long and short positions (short positions via derivative instruments only) in order to achieve its objectives. In order to control the risk in the fund, we apply strict risk monitoring measures. 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.

Read more

Past returns do not predict future returns

Historical NAV

Calendar Year Performance (NET %)

Cumulative Performance (ΝΕΤ %)

EUR 1y 3y 5y
Fund -13.66 -12.12 -12.16
Share Class Benchmark -0.28 -1.32 -2.08
Date Report 31/10/2022

Practical Info

ISIN Code: LU0809670986
Currency: EUR
Unit class: X CAP
Asset class: Fixed Income
Region: Global

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 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 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.

Read more

Synthetic Risk and Reward Indicator

Interest Form

If you want to learn more about this product, please fill in the form below and we will contact you the soonest possible.