Funds

Record Fund Dynamic S Cap

Risk based portfolio of ETFs.

The sub-fund invests its assets mainly in ETFs of iShares that are exposed to equities, debt instruments, interest rate-related securities, securities from the real estate sector, commodities and, if deemed necessary, also in cash and money market instruments.



  • Sub-Fund launch date

    31 March 2018

  • Class Launch date

    31 March 2018

  • Reference currency

    The reference currency is the euro.

  • For an investor looking for:

    • An investment in a diversified and international portfolio of ETFs managed by BlackRock with a focus on risk management.

    But…

    The main risks for the Sub-Fund are :


    • Market risk: Market risk applies to all investments. 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 instruments who are themselves affected by the general world economic situation and the economic and political conditions in each country.
    • Capital risk: Investors in this sub-fund do not receive any guarantee or capital protection. The value of the investments and the income they generate may rise and fall. As a result, the invested capital may be partially or entirely lost.
    • Credit risk: Dit is het risico dat de emittenten van de onderliggende beleggingen hun verplichtingen niet nakomen.
    • Liquidity risk: Liquidity risks arise when a specific underlying investment is difficult to sell, causing possible difficulty to redeem your investment from the fund.
    • Currency risk: Currency fluctuations may affect the performance of the sub-fund.

    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 prospectus d'Record Fund Dynamic S Cap (PDF) for additional information.

  • Minimum investment

    1 share


    Term

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    One-off charges

    • Entry charge (applicable by ING Belgium): 1%

    • Exit charge: 0%


    Ongoing charges

    • Ongoing charges taken from the Sub-Fund over a year : 1,20% of wich 1% 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): 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 SA/NV, 24 Av. Marnix, B-1000 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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