Van Lanschot Vermogensfonds Actief – Neutraal - Class BN

Profile

The Fund aims to achieve the highest possible return over the long term, taking into account the risk profile and investment restrictions. The Fund invests, directly or indirectly, in a broadly composed portfolio of different asset classes, in which the assets are invested in accordance with the investment profile of the Fund. The distribution over the asset classes is as follows:
- Money market (0-20%);
- Investment grade bonds (25-65%);
- High yield bonds (0-15%);
- Emerging markets bonds (0-15%);
- Equities (20-65%);
- Real estate (0-10%) and
- Commodities (0-10%).

The Fund's strategic allocation over the various asset classes is determined annually on the basis of long-term risk and return expectations. The strategic investment policy followed and the tactical adjustments are reported in the annual reports. Investments can be made in all possible sectors and there are no restrictions on bond maturities. Both active and passive funds can be selected.

The Fund may not invest directly in commodities and real estate, but may invest in financial instruments that have significant exposure to these asset classes. The Fund may hold cash and deposits denominated in euros and foreign currencies. In addition, the Fund may also use techniques, structures or derivatives such as options, warrants and futures for hedging purposes and efficient portfolio management.

Management team

Thijs van der Kevie, Cas de Bruijne, Jan van de Ven, Frans Evers

Performance per 2022-12-31 (rebased)

No chart data available

Performance per 2022-12-31

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  Fund
1 month -3.6 %
3 months 2.4 %
This year -13.2 %
2021 2.3 %
1 year (on annual basis) -13.2 %
Since inception (on annual basis) i -8.4 %
Performance is shown after deduction of ongoing charges and including the reinvestment of dividend that has been paid out. The value of your investments may fluctuate. Past performance provides no guarantee for the future.
More information can be found on the documents page of this fund

Key figures

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Total fund size
EUR 1,511.42 M 2022-12-31
Share class size
EUR 1,511.42 M 2022-12-31
Number of shares
1,701,870 2022-12-31
Net Asset Value i
EUR 930.89 2023-02-03
Transaction price i
EUR 925.91 2023-02-03

Fund characteristics per 2022-12-31

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  Fund
Number of holdings 96
Van Lanschot Kempen Vermogensfonds Actief - Neutraal (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of Van Lanschot Kempen Investment Management NV at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.
Van Lanschot Kempen Vermogensfonds Actief - Neutraal (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of Van Lanschot Kempen Investment Management NV at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

Performance per 2022-12-31 (rebased)

No chart data available

Performance per 2022-12-31

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  Fund
1 month -3.6 %
3 months 2.4 %
This year -13.2 %
2021 2.3 %
1 year (on annual basis) -13.2 %
Since inception (on annual basis) i -8.4 %
Performance is shown after deduction of ongoing charges and including the reinvestment of dividend that has been paid out. The value of your investments may fluctuate. Past performance provides no guarantee for the future.

Dividends

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Distributing
Yes
Dividend calendar
The fund pays the received dividends and interest income to the participants within eight months after the end of the financial year. The first financial year ends on 31 December 2022, which means that the first dividend payment can take place in 2023. The amount of the dividend payment can vary per year and can be zero in any year.
Van Lanschot Kempen Vermogensfonds Actief - Neutraal (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of Van Lanschot Kempen Investment Management NV at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

Asset class allocation (2022-12-31)

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  Min Max Strategic policy Current allocation

Top 10 holdings (2022-12-31)

14.3 %
NT Euro Government Bond Index C EUR
8.0 %
Allspring Lux World US Inv Grade Cr Fd Y
6.0 %
iShares EUR Govt Bond 1-3y EUR Acc
5.8 %
Kempen (Lux) Global Small-cap Fund IX1
5.3 %
Kempen (Lux) Euro Credit Fund Class IX1
4.6 %
L&G ESG EM Gov Bd (USD) Ind Fd Hedged
4.3 %
NT Pacific Custom ESG Eq Ind FGR E EUR
4.1 %
BlackRock ICS EUR Liq Env Aware Fd Acc
3.8 %
NT EM Custom ESG Equity Index FGR E
3.5 %
Bluebay IG Euro Government Bond Fund K
Total
59.7 %
Van Lanschot Kempen Vermogensfonds Actief - Neutraal (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of Van Lanschot Kempen Investment Management NV at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

 

SWING FACTORS

An overview of the current swing factors are available here.

Ongoing charges

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Management fee i
0.650 %
Service fee i
0.05 %
Indirect costs i
0.21 % (estimated)
Expected ongoing charges i
0.92 %
With effect from October 1, 2022, the management fee has changed to 0.65% on an annualized basis (from 0.63%). The estimated indirect costs has been adjusted as of 1 October 2022 to 0.21% (was 0.13%). The expected ongoing charges are therefore 0.92% (previously 0.81%).
Van Lanschot Kempen Vermogensfonds Actief - Neutraal (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of Van Lanschot Kempen Investment Management NV at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

Share class details

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Share class
BN i
Investor type
Institutional & Private
Distributing
Yes
Investment category
Multi Asset Strategies
Universe
Global assets worldwide
Inception date
2021-09-23
Domicile
Netherlands
May be offered to all investors in
Netherlands
UCITS status i
No
Status
Open-end i
Base currency
EUR
Share class currency
EUR
Administration Office
Juridisch eigenaar Kempen AIF BV
Administrator
BNP Paribas S.A., Netherlands Branch
Auditor
PricewaterhouseCoopers Accountants NV
Transfer agent
Van Lanschot Kempen NV
Management company
Van Lanschot Kempen Investment Management NV
Depositary and custodian
BNP Paribas S.A., Netherlands Branch
Class BN will only be available for distributors who submit orders on behalf of their clients, and who have been selected by the management company.

Tradability

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Listed
no
Subscription/Redemption Frequency
Daily
ISIN i
NL00150009W0
This fund is only available for orders submitted via the Transfer Agent platform of Van Lanschot Kempen NV.
Van Lanschot Kempen Vermogensfonds Actief - Neutraal (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of Van Lanschot Kempen Investment Management NV at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

No sustainable investment objective

Vermogensfonds Actief Neutraal (the ‘Fund’) falls under the scope of article 8 of the SFDR, indicating that the fund promotes environmental and/or social characteristics. The fund does not have sustainable investment as its objective, but will have a minimum of 1% of sustainable investments.

Environmental or social characteristics of the financial product

The Fund promotes the following environmental characteristics:Â
• climate change mitigation and climate change adaptation in line with the Paris Climate Agreement; Â
• the protection of biodiversity and ecosystems; Â

The Fund promotes the following social characteristics:Â
• Avoiding controversial activities, as defined by violations of the UN Global Compact principles;
• Avoiding the production and use of controversial weapons.

No specific sustainability index has been designated as a reference benchmark for the purpose of attaining the above mentioned environmental characteristics. Although no index has been designated as a reference benchmark for the purpose of attaining the environmental or social characteristics, the Fund aims to have a carbon intensity that is below the carbon intensity of the broad market indices for equities.

Investment strategy

The promotion of sustainable investments is achieved through the consistent implementation of the Fund’s ESG policy. Since the Fund invests in other investment funds, it uses ESG as a leading criteria in the selection and monitoring of these Subfunds.Â

Proportion of investments

While the Fund does not have sustainable investments as its objective, it aims to have a minimum proportion above 0% of sustainable investments aligned with the EU Taxonomy.

The Fund’s ambition of the minimum portion of sustainable investments targets sustainable investments linked to the environmental objectives of climate change mitigation and climate change adaptation.Â

Monitoring of environmental or social characteristics

Each quarter, the holdings of the Subfunds are screened for compliance with Kempen’s ESG criteria. The screening process allows Kempen to monitor the ESG performance of all companies in the Subfunds, and to encourage engagement on potential issues identified. The output of the screen feeds into challenging sessions between the Manager Research & Selection Team (MRS) and the managers of the Subfunds.Â

Methodologies

Principle Adverse Indicators are monitored at individual holding level and at the portfolio level. Economic activities of portfolio companies can have adverse impacts on sustainability factors.Â

Carbon emission intensity is used as the key carbon metric. We calculate carbon intensity based on revenues (weighted average carbon intensity), which we use for our commitment, ambition and objectives. We also calculate carbon intensity based on Enterprise Value, which is also used by the EU Benchmarks.

EU Taxonomy alignment is measured by turnover, for which we use a combination of actual data from investee companies and estimates on EU Taxonomy alignment made by a third party provider.
Â

Data sources and processing

External data providers include (but are not limited to) Institutional Shareholder Services (ISS), which we use for governance research, carbon data and Sustainable Development Goals data, MSCI ESG Research, which we use for company ESG Ratings, product involvement data, UN Global Compact Data, and Sustainalytics, which we use for product involvement data. The degree to which the investments are in environmentally sustainable economic activities under the EU Taxonomy is measured by turnover for which we rely on a third party provider MSCI ESG, which is using a combination of actual data from investee companies and estimates on EU Taxonomy alignment made by the third party provider. Internal as well as external data is collected and processed in several data analytics (including FactSet, PowerBI, Eximius, Tableau) and internal compliance systems (including ThinkFolio).Â

Limitations to methodologies and data

Externally provided ESG data is far from perfect. Therefore we conduct rigorous due diligence of the data used in our ESG processes. To ensure data quality we regularly engage with investment institutions, Subfunds and third party vendors. Limitations include, but are not limited to discrepancies between company reported data and data provided by third parties, inconsistencies across data vendors, market cap bias and modelling assumptions.Â

Due diligence

Before a Subfund  is approved for investments, MRS performs a due diligence on potential ESG risks, opportunities, as well as potential past controversies. ESG due diligence is integrated in the different stages of the investment process (screen of the investable universe, fundamental research & portfolio management).Â
Van Lanschot Kempen Vermogensfonds Actief - Neutraal (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of Van Lanschot Kempen Investment Management NV at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.
Van Lanschot Kempen Vermogensfonds Actief - Neutraal (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of Van Lanschot Kempen Investment Management NV at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The value of your investment may fluctuate. Past performance provides no guarantee for the future.