NN (L) Health Care (X Cap)

Valuation Day

06/12/2022

Net Asset Value

2622.7300

Risk level

MorningStar

Investment Scope

The fund invests in health care companies worldwide. This includes companies carrying out their business activity in the following industries: health care equipment and services, research, development, production or marketing of pharmaceuticals or biotechnology products. The portfolio is diversified across different countries. The fund uses active management to target companies that score well according to our systematic investment process, with stock and sub-sector deviation limits maintained relative to the benchmark. Its stock-level composition will therefore materially deviate from the benchmark. Measured over a period of several years we aim to beat the performance of the benchmark MSCI World Health Care (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. Investors should be aware that the index’s investment universe is concentrated and, as a result, the fund is concentrated. This will typically result in a comparable composition and return profile of the fund and its benchmark. 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 2.02 28.98 49.97
Share Class Benchmark 2.77 34.61 64.36
Date Report 30/11/2022

Practical Info

ISIN Code: LU0121188642
Currency: USD
Unit class: X CAP
Asset class: Equity
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 risk free. This fund is in this specific 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 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 theme are more concentrated than investments in various themes. 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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