Star Fund

Star Fund is managed by NN Investment Partners, which is responsible for drawing up the selection criteria and for determining and monitoring how the fund is managed.

Star Fund endeavours to be a responsible investor. It does not invest, for example, in companies directly involved in the development, manufacture, maintenance or trading of controversial weapons.

Star Fund does not invest in companies that breach generally accepted values and standards:

• the Universal Declaration of Human Rights;
• the main International Labour Organization (ILO) conventions;
• the Organisation for Economic Co-operation and Development (OECD) guidelines for multinational enterprises or;
• that are closely involved with dictatorial regimes.

From October 2018 Star Fund is further raising its ambitions in the area of sustainability, without compromising its current investment objectives.

In future, the fund* will endeavour only to invest in companies and institutions that pursue sustainable development and:

• respect the environment (e.g. water management, management of greenhouse gas emissions, green purchasing policy);
• respect their social role (e.g. good employment conditions, focus on customer satisfaction);
• ensure good governance of the company itself (e.g. promotion of independence of the Management Board, responsible remuneration policy).

In concrete terms this means that the manager looks beyond purely financial criteria. Even more importance is attached to the sustainability score of the investment candidates when the portfolio is put together.

Furthermore, Star Fund now excludes certain activities to an even greater extent than in the past.

Alongside the existing exclusions, i.e. companies that generate more than 5% of their revenues from

• weapons, betting, adult entertainment, fur and special leatherware,
• tobacco and nuclear energy are also excluded.

However, the fund is able to invest in Green Bonds issued by companies active in the nuclear energy sector. Green Bonds are, after all, issued solely for the purpose of financing climate-friendly projects. This list is not definitive and is subject to change. Star Fund therefore combines the characteristics of a widely diversified portfolio with a sustainable investment approach.

More information about the sustainability criteria can be found in the prospectus, which is available under the list of documents in the section above.

*The term “fund” refers to a pension savings fund and a mutual investment fund. 

** The term “pension savings” used on this web page refers to an investment in a pension savings fund

• You pay less tax: An investment in this fund entitles you to pension savings tax relief in accordance with the provisions of the 1992 Income Tax Code, as described below under “taxation”, subject to changes to fiscal regulations. That means it is advantageous whether or not you have been working for a long time. The possibility of exiting the fund prematurely remains available, although this has extremely adverse tax consequences (tax rate of 33%).
• Sustainable pension savings fund: Star Fund invests in sustainable securities. Over the long term you may receive an attractive return, but the return and your capital are not guaranteed.
• You contribute at your own pace: Every year the government determines a maximum deductible amount. You choose the amount and frequency of your payments yourself.
• Starting from 24 euros per month: You can invest a minimum of 24 and a maximum of 960 euros per year (maximum deductible amount for 2018 – 2019 tax year). In this way you gradually build up a large pension capital.
• You can open and manage your pension savings online: You can track the capital you have built up in Home’Bank and you can manage your payments there as well.

Please note: returns are not guaranteed. You should also take the subscription fees and ongoing charges into account, as described in the following paragraphs.