NN (L) Patrimonial Balanced European Sustainable
Sustainable investment in stocks and bonds…
This fund* is managed by NN (L) Patrimonial (part of NN Investment Partners Luxembourg S.A.). This mainly invests in a diversified portfolio of European stocks and Eurozone fixed income instruments 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 behavior and activities are excluded.
Important information before you continue
Before you invest in NN (L) Patrimonial Balanced European Sustainable, your are advised to read carefully the following documents:
These documents are available for free in your ING-branch or on this website. These documents are available in English, Dutch or French.
The fund NN (L) Patrimonial Balanced European Sustainable is not an ING fund.
The fund mainly invests in a diversified portfolio of European stocks and Eurozone fixed income instruments 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 behavior and activities are excluded.
Only countries with the best environmental, social and governance scores are eligible to invest in. The fund is actively managed against an investment profile of 50% bonds denominated in Euro (benchmark Barclays Euro Aggregate) and 50% European stocks (benchmark MSCI Europe Index Net).
Measured over a period of five years we aim to beat the performance of these benchmarks on an unhedged basis. There is no benchmark for this specific hedged share class as we apply a currency hedging strategy. By hedging our currencies we aim to avoid currency risks for Euro (EUR) 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. The fund strives to add value via three approaches:
Tactical allocation between and within stocks and bonds,
Selection of companies and governments which combine respect for environmental principles, social principles (e.g. human rights, non-discrimination, fight against child labor) and governance principles with a financial performance,
Decisions aimed at portfolio diversification and risk management.
Taken from the document Key Investor Information Document or KIID (PDF).
Historical records – Actuarial Yield - Capitalization share
Source: Morningstar Direct ™
This performance was achieved when the fund had different characteristics.
Actuarial gain expressed on an annual basis in the currency of the relevant UCITS over 1 year, 3 years, 5 years, 10 years and since inception. It relates to end-of-month returns based on historical data. The returns shown are valid for the capitalised parts of the UCITS and take no account of entry fees and potential taxes. Past performance is no guarantee of future performance and can be misleading. The value of shares in the fund and income received from it can go down as well as up, and investors may not get back the full amount invested. All performance data shown is in Euro, include reinvested dividends and are net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations When investing in a fund denominated in a foreign currency, past returns in Euro have been reduced by currency fluctuations.
Sub-Fund launch date
16 October 1995
Class Launch date
16 October 1995
The reference currency is the euro.
For an investor looking for:
- A sustainable solution that can take advantage from changing market conditions in a flexible manner.
- An approach guaranteeing a well-diversified portfolio aimed at stable long-term capital growth.
- Expertise from a multi-assets team including twenty experienced strategists and portfolio managers
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.
- Credit risk: the risk of failure of the issuers of underlying investments is considered asmedium.
- Hedging Risk: 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.
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) Patrimonial Balanced European Sustainable prospectus (PDF) for additional information.
Entry charge (applicable by ING Belgium): 3%
Exit charge: 0%
Ongoing charges taken from the Sub-Fund over a year: 1.47% of which 1.20% of management fees.
Custody fee: 0%/annum
For other charges that might be paid by the investor, we refer to the prospectus (PDF).
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): 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 10% 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