NN (L) Euromix Bond (X Cap)

26/09/2022
146,66
Investment Scope

The fund primarily invests in a portfolio of government bonds of high quality (with a rating of AAA to AA-) denominated in euro, predominantly bonds that have maturities less than 10 years. The fund uses active management to anticipate changes of the level of eurozone government bond yields, the yield curve and country 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 Treasury AAA 1-10Y benchmark.

The benchmark is a broad representation of the bond universe denominated in euro, in the highest rating category (AAA) and maturities less than 10 years. 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 %)
EUR1y3y5y
Fund-9,28-13,27-11,59
Share Class Benchmark-8,37-10,33-7,03

Reference Date 31.08.2022
Προφίλ Κινδύνου
1234567

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 low. 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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Practical Info
ISIN Code:
LU0546916882
Currency:
EUR
Unit Class:
X CAP
Asset Class:
Fixed Income
Region:
Europe