BestSelect-AB European Equity Class BN

Profile

BestSelect-AB European Equity will be terminated as of 8 juli 2022. More information can be found in the announcement and background published under the section Documents / Formal documents other.

BestSelect-AB European Equity invests in shares of European companies with an expected attractive long-term return. Kempen Capital Management has outsourced the stock selection and portfolio management to AllianceBernstein Limited. Based on a bottom-up fundamental value investment process, a well-diversified portfolio will be constructed. The portfolio is usually a blend of deep value names and companies where good cash flows are assessed at attractive prices and so-called turnaround situations. The portfolio usually contains 40-70 shares. The ESG criteria of Kempen Capital Management NV are used in the investment process. The Fund invests in equity, liquidity and other UCITS or AIF’s

The investment objective of BestSelect-AB European Equity is to achieve long-term capital growth and to outperform the MSCI Europe Net Total Return Index in euro comprising capital gains or losses plus net dividend.

Management team

AllianceBernstein Limited

Performance per 2022-05-31 (rebased)

No chart data available

Performance per 2022-05-31

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  Fund Benchmark
1 month 0.5 % -0.8 %
3 months -0.1 % -0.5 %
This year -5.7 % -6.6 %
2019 24.4 % 26.0 %
2020 -5.9 % -3.3 %
2021 22.7 % 25.1 %
1 year (on annual basis) 0.3 % 3.0 %
3 years (on annual basis) i 7.8 % 8.5 %
5 years (on annual basis) i 2.6 % 5.1 %
Since inception (on annual basis) i 2.2 % 5.4 %
The results shown of the periods before 6 October 2020, the inception date of BestSelect-AB European Equity - Class BN, are those of VermogensParapluFonds AB European Equity Pool - Class A. 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 122.11 M 2022-05-31
Share class size
EUR 122.11 M 2022-05-31
Number of shares
973,814 2022-05-31
Net Asset Value i
EUR 110.02 2022-07-05
Transaction price i
EUR 109.55 2022-07-05
BestSelect-AB European Equity (the “Sub-Fund”) is a sub-fund of BestSelect Funds (the “Fund”). Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM 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 KCM at the Dutch Authority for the Financial Markets (AFM). The application of the investment policy which is under the responsibility and control of the management company, is entrusted to AllianceBernstein Limited. This investment firm is under the supervision of the Financial Conduct Authority (FCA), the financial regulator in the United Kingdom.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of KCM (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.
BestSelect-AB European Equity (the “Sub-Fund”) is a sub-fund of BestSelect Funds (the “Fund”). Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM 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 KCM at the Dutch Authority for the Financial Markets (AFM). The application of the investment policy which is under the responsibility and control of the management company, is entrusted to AllianceBernstein Limited. This investment firm is under the supervision of the Financial Conduct Authority (FCA), the financial regulator in the United Kingdom.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of KCM (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 2022-05-31 (rebased)

No chart data available

Performance per 2022-05-31

Slide to see more
  Fund Benchmark
1 month 0.5 % -0.8 %
3 months -0.1 % -0.5 %
This year -5.7 % -6.6 %
2019 24.4 % 26.0 %
2020 -5.9 % -3.3 %
2021 22.7 % 25.1 %
1 year (on annual basis) 0.3 % 3.0 %
3 years (on annual basis) i 7.8 % 8.5 %
5 years (on annual basis) i 2.6 % 5.1 %
Since inception (on annual basis) i 2.2 % 5.4 %
The results shown of the periods before 6 October 2020, the inception date of BestSelect-AB European Equity - Class BN, are those of VermogensParapluFonds AB European Equity Pool - Class A. 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
Last dividend
EUR 2.20
Ex-date last dividend
2022-05-11
Number of distributions per year
1
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 30 September 2021, which means that the first dividend payment can take place in the period October 2021 - May 2022. The amount of the dividend payment can vary per year and can be zero in any year.
BestSelect-AB European Equity (the “Sub-Fund”) is a sub-fund of BestSelect Funds (the “Fund”). Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM 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 KCM at the Dutch Authority for the Financial Markets (AFM). The application of the investment policy which is under the responsibility and control of the management company, is entrusted to AllianceBernstein Limited. This investment firm is under the supervision of the Financial Conduct Authority (FCA), the financial regulator in the United Kingdom.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of KCM (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.

Top 10 holdings (2022-05-31)

5.3 %
Nestle
4.9 %
Roche Holding
3.3 %
SAAB AB-B
2.9 %
Deutsche Telekom
2.8 %
Hugo Boss AG
2.8 %
TotalEnergies
2.4 %
Ahold Delhaize Koninklijke
2.4 %
CASH
2.4 %
UBISOFT ENTERTAINMENT
2.4 %
Euronext
Total
31.5 %
BestSelect-AB European Equity (the “Sub-Fund”) is a sub-fund of BestSelect Funds (the “Fund”). Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM 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 KCM at the Dutch Authority for the Financial Markets (AFM). The application of the investment policy which is under the responsibility and control of the management company, is entrusted to AllianceBernstein Limited. This investment firm is under the supervision of the Financial Conduct Authority (FCA), the financial regulator in the United Kingdom.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of KCM (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.

Environmental and/or social characteristics promoted

In the process of selecting Investment Managers, the capabilities of the Investment Managers to implement the Management Company's criteria for responsible investment are assessed. We perform an in-depth analysis on how the Investment Managers evaluates ESG risks and opportunities when selecting and monitoring investments. Amongst others we score the Investment Managers on Commitment to Responsible Investing, ESG Integration, Active Ownership and Transparency. Based on this fundamental ESG analysis we form an opinion on the quality of the Investment Manager’s sustainability processes. The Investment Manager itself performs the analysis of the ESG profile of the companies it invests in. The material risks and opportunities of the investee companies are assessed on a case-by-case basis.

ESG Investment process

Each quarter, the companies in the portfolio are screened for compliance with Kempen’s ESG criteria. These take into account international standards, such as UN Global Compact Framework, the OECD Guidelines for Multinational Enterprises, UN Guiding Principles for Business and Human Rights, and our Principles for Responsible Investment commitments. In evaluating a security or issuer based on ESG criteria, we may also rely on information and data from third party ESG advisers (including but not limited to Institutional Shareholder Services (ISS), MSCI ESG Research and Sustainalytics).

The screening process allows us to monitor the ESG performance of all the companies in the fund, and to engage on issues which are identified. The output of the screen feeds into quarterly challenging sessions between ESG specialists and representatives of the Manager Research Solutions team. During the challenging sessions, we assess whether the ESG risks and opportunities are sufficiently reflected in the investment decision making process of the Investment Manager.

Exclusion

In line with the general Kempen exclusion policy, we exclude all companies on the Kempen Exclusion- and Avoidance lists. The lists are reviewed and updated on a quarterly basis. Our exclusion and avoidance framework includes a quarterly screening through which we seek to identify (potential) cases of issuers in breach of international standards. All norms used have been documented in the Kempen Conventions Library. In addition to the Exclusion and Avoidance Lists, companies involved in the production of conventional and civilian weapons, tobacco companies, pure coal and tar sand players will also be excluded from investment.

Key figures

  Kempen criteria Additional criteria
Business conduct
Human Rights
Labour
Environment
Anti Corruption
Product involvement
Controversial Weapons
Tobacco
Thermal Coal
Tar Sands
Adult Entertainment
Alcohol
Animal Welfare & GMO
Gambling
Power Generation Nuclear
Power Generation Carbon Intensive
(Un)conventional Oil & Gas Extraction
Weaponry
BestSelect-AB European Equity (the “Sub-Fund”) is a sub-fund of BestSelect Funds (the “Fund”). Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM 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 KCM at the Dutch Authority for the Financial Markets (AFM). The application of the investment policy which is under the responsibility and control of the management company, is entrusted to AllianceBernstein Limited. This investment firm is under the supervision of the Financial Conduct Authority (FCA), the financial regulator in the United Kingdom.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of KCM (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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Service fee i
0.15 %
Expected ongoing charges i
0,35% - 0,65% (estimated bandwidth)
Ongoing charges last financial year i
0.50 %
The ongoing charges figure of the last financial year relates to 2020/2021.

The service fee is determined annually on basis of the net asset value as of the last day of the previous financial year:
< or equal to EUR 250 million: 0.15%
Between EUR 250 million and EUR 500 million: 0.125%
>EUR 500 million: 0.10%
BestSelect-AB European Equity (the “Sub-Fund”) is a sub-fund of BestSelect Funds (the “Fund”). Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM 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 KCM at the Dutch Authority for the Financial Markets (AFM). The application of the investment policy which is under the responsibility and control of the management company, is entrusted to AllianceBernstein Limited. This investment firm is under the supervision of the Financial Conduct Authority (FCA), the financial regulator in the United Kingdom.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of KCM (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
Benchmark i
MSCI Europe Net Total Return Index in euro
Objective
The investment objective of BestSelect-AB European Equity is to achieve long-term capital growth and to outperform the MSCI Europe Net Total Return Index in euro comprising capital gains or losses plus net dividend.
Duration hedged
No
Investment category
BestSelect funds
Universum
European equity
Inception date
2020-08-26
Domicile
The Netherlands
May be offered to all investors in
The Netherlands
UCITS status i
Yes
Status
Open-end i
Base currency
EUR
Share class currency
EUR
Administration Office
Juridisch Eigenaar BestSelect Funds BV
Administrator
BNP Paribas Securities Services S.C.A., Amsterdam branch
Auditor
PricewaterhouseCoopers Accountants NV
Transfer agent
Van Lanschot Kempen NV
Management company
Kempen Capital Management NV
Depositary and custodian
BNP Paribas Securities Services S.C.A., Amsterdam branch
Participations of the BN class are only available to distributors selected by the management company, who place orders on behalf of their clients.

Tradability

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Listed
no
Subscription/Redemption Frequency
Daily
ISIN i
NL0015476847
This fund is only available for orders submitted via the Transfer Agent platform of Van Lanschot N.V. Share 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.
BestSelect-AB European Equity (the “Sub-Fund”) is a sub-fund of BestSelect Funds (the “Fund”). Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM 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 KCM at the Dutch Authority for the Financial Markets (AFM). The application of the investment policy which is under the responsibility and control of the management company, is entrusted to AllianceBernstein Limited. This investment firm is under the supervision of the Financial Conduct Authority (FCA), the financial regulator in the United Kingdom.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of KCM (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.
BestSelect-AB European Equity (the “Sub-Fund”) is a sub-fund of BestSelect Funds (the “Fund”). Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM 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 KCM at the Dutch Authority for the Financial Markets (AFM). The application of the investment policy which is under the responsibility and control of the management company, is entrusted to AllianceBernstein Limited. This investment firm is under the supervision of the Financial Conduct Authority (FCA), the financial regulator in the United Kingdom.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of KCM (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.