ING Stability Fund
A fund expecting potential returns in excess of returns on cash (euros) whilst controlling volatility*.
This fund invests in assets where the emphasis is on aiming for low volatility (avoiding major price fluctuations) and aiming for a higher return than the Eonia** benchmark index over a period of at least three years.
NN Investment Partners Belgium NV/SA delegates the portfolio management to ING Belgium NV/SA. The fund also takes particular care to limit downside risk. In order to achieve this objective, the fund will mostly invest in capitalisation units from collective investment undertakings and/or exchange-traded funds (ETFs or index trackers traded on an exchange). These may include, but are not limited to, bond funds, money market funds, real estate funds and equity funds.
In principle, the fund will divide its assets equally across the various underlying funds. However, depending on the market conditions, ING Belgium NV/SA may change these proportions. The majority of the fixed income portion is invested in bond funds and, to a certain extent, in liquid assets (cash) or money market funds. In the interests of the client, ING Belgium NV/SA may hold up to 100% of the assets as liquid assets (cash) and moneymarket funds for a limited period on account of exceptional market circumstances. ING Belgium NV/SA will therefore regularly establish what weightings and ratios the fund will invest in. NN Investment Partners Belgium NV/SA will make the investments in accordance with these instructions.
*Volatility is the magnitude of price changes of a financial asset. It serves as a parameter of performance risk and price measurement of a financial asset. When volatility is high, the possibility of winning is greater, but the risk of loss is also greater.
**The EONIA – Euro OverNight Interest Average – is an index calculated every business day that reflects the value of the overnight rates on the interbank market loans between banks) for transactions in euros.
Before you invest in ING Stability Fund, your are advised to read carefully the following documents:
- The Key Investor Information Document or KIID (PDF)
- The prospectus (PDF)
- The last periodic report (PDF)
These documents are available for free in your ING-branch or on this website. These documents are available in English, Dutch or French.
The ING Stability Fund is not an ING fund.
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.
Fund launch date: September 16, 2016
Class Launch date: September 16, 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
- Who are seeking higher return than cash (euro) with as priority a low volatility of their investment.
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. This risk is viewed as medium.
- 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.
- 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 affect the results of the sub-fund.
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 Stability Fund prospectus (PDF) for additional information.
Minimum investment: 1 part
- Entry charge (applicable by ING Belgium): 3%
- Exit charge: 0%
Ongoing charges taken from the Sub-Fund over a year : 1,28% of which 0,80 % of management fees.
Custody fee: 0%/ annum
For other charges that might be paid by the investor, we refer to the prospectus.
- 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: 30%
- 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 (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 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.
Identity of de financial agent
Financial Service Belgium : RBC Investor Services Belgium, Rogierplein 11, 1210 Brussel.
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).