NN (L) Patrimonial Balanced European Sustainable - X Cap EUR (hedged ii)

Valuation Day

01/12/2022

Net Asset Value

677.0900

Risk level

MorningStar

Investment Scope

The fund is classified as a financial product with a sustainable investment objective as described in Article 9 of EU Sustainable Finance Disclosure Regulation. The fund mainly invests in a diversified portfolio of Eurozone fixed income instruments, including green bonds, denominated in Euro and European stocks from companies and issuers pursuing policies of sustainable development observing environmental, social and governance principles. To determine our eligible sustainable investment universe, companies are screened using exclusionary screening whereby companies with serious and structural issues concerning controversial behaviour and activities are excluded. We also do not invest in issuers involved in activities including but not limited to, the development, production, maintenance or trade of controversial weapons, the production of tobacco products, thermal coal mining and/or oil sands production. Further, more stringent restrictions are applicable for investments in issuers involved in activities related to gambling, weapons, adult entertainment, fur & specialty leather, Arctic drilling and shale oil & gas. Only countries with the best environmental, social and governance scores are eligible to invest in. The fund uses active management to respond to changing market conditions by using amongst others fundamental and behavioural analysis resulting in dynamic asset allocations over time. The fund positioning can therefore materially deviate from the benchmark. The fund is actively managed against an investment profile of 50% bonds denominated in Euro and 50% European stocks. Measured over a period of five years we aim to beat the performance of the benchmark composed as follows: 50% MSCI Europe Index (Net), 50% Bloomberg Barclays Euro Aggregate. 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 strives to add value via three approaches: (1) Tactical allocation between and within stocks and bonds, (2) Selection based on the analysis of companies and issuers which combine environmental, social (e.g. human rights, non-discrimination, fight against child labor) and governance factors with a financial performance, (3) Decisions aimed at portfolio diversification and risk management. For this specific hedged share class we apply a currency hedging strategy. By hedging our currencies we aim to avoid currency risks for euro investors. We hedge all currency risks in the portfolio of the sub-fund to the reference currency of this share class (EUR). A currency hedge consists of taking an offsetting position in another currency. 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 -18.77 -3.15 -0.46
Share Class Benchmark -12.68 -2.77 3.54
Date Report 31/10/2022

Practical Info

ISIN Code: LU0121217920
Currency: EUR
Unit class: X CAP
Asset class: Multi Asset
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 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 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. 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 the Sub-Fund’s performance. No guarantee is provided as to the recovery of the initial investment.  Hedging share classes, a method to try to manage specific currency risk, may lead to additional credit risk and to residual market risk depending on the effectiveness of the hedging performed.

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Synthetic Risk and Reward Indicator

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