Investments

NN (L) Industrials

Choose for a fund that invests in stocks in industrial companies worldwide

This funds includes companies carrying out their activities in the following industries: manufacture and distribution of capital goods, provision of commercial services and supplies and provision of transportation services. The portfolio is diversified across different countries. Measured over a period of several years we aim to beat the performance of the benchmark MSCI World 10/40 Industrials NR. We strive to add value to the fund by stock selection based on a thorough company analysis. We consciously weigh the upside potential from the current share price against the risks involved, before including a stock in the fund. 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.



  • Fund launch date

    26 August 2002

  • Class Launch date

    16 September 2002

  • Reference currency

    The reference currency is the euro.

  • For an investor looking for:

    • opportunities within the industrial sector
    • diversification of their sector portfolio

    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.
    • Sector risk: investments in a specific sector have a higher degree of concentration than investments spread among different sectors.

    No guarantee is provided as to the recovery of your initial investment.

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) Industrials prospectus (PDF) for additional information.

  • Minimum investment

    1 part


    Term

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    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 : 1.84% of which 1.50% of management fees.

    • Custody fee: 0% / annum

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


    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 25% of assets in debt securities : no

    • Sub-fund actually more than 25% invested in debt securities : no

    • 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.

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).

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