NN (L) Food & Beverages (USD)

• Fund launch date

  August 1996

• Class Launch date

  August 1996

• Reference currency

  The reference currency is the American Dollar. The yield in euro could be positively or negatively influenced by change fluctuations.

• For an investor looking for:

  • diversified exposure to the defensive Consumer Staples sector.
  • exposure to attractive emerging markets, where favourable demographics, a growing middle class, a fragmented retail environment and limited competition from private label brands lead to faster growth.
  • an investment in companies that, due to a sustainable competitive advantage, are able to increase market share.

  But…

  The main risks for the Sub-Fund are:

  
  

  • Market risk: Stocks and/or 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 stocks and/or financial instruments who are themselves affected by the general world economic situation and the economic and political conditions in each country.
  • Non-performance risk: the return realised during a specific period may be positive or negative, depending on the fund's investment strategy. The non-performance risk is strongly linked to the market risk
  • Capital risk: No guarantee is provided as to the recovery of your initial investment.
  • Currency fluctuations: the currency fluctuation may impact highly on the fund's performance.
  • Concentration Risk: Investments in a specific sector are more concentrated than investments in various sectors

  
  

  The occurrence of any of these risks may have an impact on the net asset value of your portfolio.

The net asset value is calculated in Belgium each bank working day. The net asset value is published every public banking business day in Belgium in the financial press, as well as on the BeAMA website (www.beama.be/en/nav). It is also available at the Management Company’s registered address and over the counter from your financial services provider.

A swing price may be applied. Swing pricing aims to reduce the dilution effect brought about when significant operations within a sub-fund compel its manager to buy or sell its underlying assets. These transactions give rise to transaction fees and taxes that have an effect on the fund’s value, as well as on all its investors. Where swing pricing is applied, the sub-fund’s net asset value is adjusted by a particular amount when the capital flow exceeds a certain threshold (the swing factor). This amount is designed to offset expected transaction fees resulting from the difference between incoming and outgoing capital. Swing pricing is only used on rare occasions, if at all.

Please refer to the NN (L) Food & Beverages (USD) prospectus (PDF) for additional information.

• Minimum investment

  1 part

  
  

  Term

  undefined

  
  

  One-off charges

  • Entry charge (applicable by ING Belgium): 3%

  • Exit charge: 0%

  
  

  Ongoing charges

  • Ongoing charges taken from the Sub-Fund over a year: 1.80% of which (maximum) 1.50% of management fees.

  • Custody fee: 0%/annum

  For other charges that might be paid by the investor, we refer to the prospectus (PDF).

  
  

  Taxation

  Stock exchange tax (applicable to redemptions only):

  
  

  • Capitalization share: 1.32% (max 4,000 euros)

  • Distribution share: none

  
  

  Withholding tax on dividends:

  
  

  • Capitalization share: none

  • Distribution share: 30%

  
  

  Withholding tax in case of redemption:

  
  

  • Sub-fund permitted to invest more than 10% of assets in debt securities: yes

  • Sub-fund actually more than 10% invested in debt securities: yes

  • Withholding tax (30% depending on the investor’s particular tax situation): not applicable

  
  

  Tax treaty based on the current legislation
  Dividends received from distributing shares are subject to the Belgian withholding tax of 30%. The Belgian withholding tax applicable to interests included in the repurchase price of accumulating and distributing shares investing more than 25% of their assets in any kind of debts amounts to 30%.
  This tax system applies to Retail customers – private individuals resident in Belgium. Taxation depends on the individual situation of each customer and may change in the future.

• Please read before investing

   Key Investor Info Document (PDF)

   Prospectus (PDF)

   Annual report (PDF)

   Semi-annual report (PDF)

   Product sheet (PDF)

   Technical sheet (PDF)

Financial Service Belgium: ING Belgium S.A., 24, avenue Marnix/Marnixlaan, Brussels

Complaints can be lodged with ING – Customer Service – Cours Saint Michel, 60 – 1040 Brussels. If no settlement can be reached in this way, please contact the Banks - Credit - Investments Mediation Service (www.ombudsfin.be).