ING Core Fund Dynamic

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Benefit from the expertise of carefully selected managers

Investment Policy

ING Core Fund Dynamic, sub-fund of the SICAV/BEVEK investment fund under Belgian law ING (B) Collect Portfolio is a fund of funds that primarily invests in a diversified portfolio of international equity and bond funds. Funds can comprise both actively and passively managed funds. Other financial instruments (such as cash, ...) can be used to achieve the investment objectives. NN Investment Partners Belgium SA delegates the portfolio management to ING Belgium NV. The investment strategy is based on the Core Range strategy of ING Belgium NV. In this strategy, ING Belgium NV works with a limited number of asset managers, selected on the basis of its own fund selection methodology. Depending on market conditions choices are made at the level of, inter alia, sector, region, and style. The fund is actively managed in accordance with an investment profile of 25% fixed income and 75% equities. ING Belgium NV can decide depending on market conditions to change these weights.

Before you invest in ING Core Fund Dynamic, 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.

Historical records – Actuarial Yield - Capitalization share

Source : Morningstar Direct ™

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, your performance may also be affected by currency fluctuations.

Fund launch date: 05/01/2016

Class Launch date: 05/01/2016

Reference currency: The reference currency is the Euro.

For an investor

  • who want to invest in a diversified and international portfolio of investment funds selected by ING Belgium specialists and, in so doing, to follow the ING Belgium strategy
  • looking in particular for the creation of potential capital gains.

But…

The main risks for the Sub-Fund are :

  • Market risk: The market risk, allowing for past performance and potential movements in the financial markets, associated with financial instruments used to achieve the investment objectives, is viewed as high. Financial instruments are affected by various factors. These include, but are not limited to trends in the financial markets and the economic situation of issuers of financial instruments, which are in turn affected by general global economic conditions and the economic and political situation in each country.
  • Credit risk: The expected credit risk (the probability that the counterparty will not meet its obligations) of the underlying investments is moderate.
  • Currency risk: The currency exposure can also considerably affect the results of the sub-fund.
  • 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.

Net Asset Value

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 (http://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 ING Core Fund Dynamic 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 : 2% of which 1,50 % 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 2000 EUR)
    • Distribution share: none
  • Withholding tax on dividends:
    • Capitalization share: none
    • Distribution share : node=/RATES/FONDSEN/ROER_VOORH_DIVIDENDEN;replace=html%
  • Withholding tax in case of redemption:
    • Sub-fund permitted to invest more than 25% of assets in debt securities: yes
    • Sub-fund actually more than 25% invested in debt securities: yes
    • Withholding tax (node=/RATES/FONDSEN/ROER_VOORH_TERUGKOOP;replace=html% 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 node=/RATES/FONDSEN/ROER_VOORH_DIVIDENDEN;replace=html%. 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 node=/RATES/FONDSEN/ROER_VOORH_INKOOP;replace=html%.

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.

Identity of de financial agent

Financial Service Belgium : RBC Investor Services Belgium, Rogierplein 11, 1210 Brussel.

Complaints Service

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.ombfin.be).

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