BestSelect-AB US Concentrated Growth Equity BN

Profile

BestSelect-AB US Concentrated Growth Equity (the Fund) invests in shares issued by companies in the US. Kempen Capital Management has outsourced the stock selection and portfolio management to AllianceBernstein Limited. Based on a bottom-up investment process, a concentrated, high conviction portfolio is compiled with a limited number of companies. The portfolio is generally invested in high-quality growth companies. These are generally superior businesses that have consistent positive earnings, a high degree of predictability and are industry leaders. The ESG criteria of Kempen Capital Management N.V. are used in the investment process. The Fund also excludes companies with significant business involvement / industry tie (more than 5% of their revenues) to the production of conventional weapons and coal mining.

The Fund invests in equity and equity equivalent securities issued by US companies. The Funds is also allowed to invest in financial derivative instruments, other UCITS or AIFâ€™s, liquidities and deposits. The usage of these instruments is however expected to be limited.

The investment objective of the Fund is to achieve long-term capital growth and to achieve a better result than the MSCI USA Net Total Return index in euro, comprising capital gains or losses plus net dividend. The composition of the portfolio is actively managed and may also include shares that are not included in the benchmark. The portfolio can deviate significantly from the composition of the benchmark.

Management team

AllianceBernstein Limited

Performance per 2020-12-31 (rebased)

1 month 3 month 1 yr 3 yr 5 yr 10 jr YTD Since inception

No chart data available

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Performance per 2020-12-31

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	Fund	Benchmark
1 month	0.9 %	1.8 %
3 months	7.8 %	8.3 %
This year	12.4 %	10.8 %
2019	6.9 %	6.8 %
1 year (on annual basis)	12.4 %	10.8 %
Since inception (on annual basis) i	15.8 %	14.3 %

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 316.95 M 2020-12-31
Share class size	EUR 316.95 M 2020-12-31
Number of shares	2,639,097 2020-12-31
Net Asset Value	EUR 121.18 2021-01-20
Transaction price	EUR 120.95 2021-01-20

BestSelect-AB US Concentrated Growth Equity (the â€œSub-Fundâ€) is a sub-fund of BestSelect Funds (the â€œFundâ€). 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 2020-12-31 (rebased)

1 month 3 month 1 yr 3 yr 5 yr 10 jr YTD Since inception

No chart data available

Show benchmark

Performance per 2020-12-31

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	Fund	Benchmark
1 month	0.9 %	1.8 %
3 months	7.8 %	8.3 %
This year	12.4 %	10.8 %
2019	6.9 %	6.8 %
1 year (on annual basis)	12.4 %	10.8 %
Since inception (on annual basis) i	15.8 %	14.3 %

Dividends

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Distributing	Yes
Number of distributions per year	1
Dividend calendar	Open the 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 2020, which means that the first dividend payment can take place in the period October 2020 - May 2021. The amount of the dividend payment can vary per year and can be zero in any year.

Top 31 holdings (2020-12-31)

8.9 %

Mastercard

8.9 %

Microsoft

8.0 %

IQVIA

7.4 %

ABBOTT LABORATORIES

5.5 %

Nike Class B

4.9 %

Charles Schwab

4.8 %

APTIV PLC

4.8 %

AMPHENOL CORP-CL A

4.8 %

CDW CORP/DE

4.8 %

ZOETIS INC

4.8 %

TJX Companies

4.6 %

VERISK ANALYTICS INC

4.6 %

Stericycle

4.3 %

FACEBOOK INC-CLASS A

4.2 %

INTL FLAVORS & FRAGRANCES

3.9 %

Alphabet Class C

3.4 %

AUTOMATIC DATA PROCESSING

2.0 %

American Tower Corp

2.0 %

CASH

1.6 %

Allegion

1.2 %

ULTA BEAUTY INC

0.3 %

CASH

0.2 %

CASH

0.1 %

CASH

0.1 %

CASH

0.0 %

CASH

0.0 %

CASH

0.0 %

CASH

0.0 %

CASH

0.0 %

CASH

0.0 %

CASH

Total

100.0 %

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	0.50% - 0.60% (estimated bandwidth)
Ongoing charges last financial year i	0.59 %

The Ongoing Charges Figure of the last financial year relates to 2019/2020.

Share class details

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Share class	BN i
Investor type	Institutional & Private
Distributing	Yes
Benchmark i	MSCI USA Net Total Return index in euro
Objective	The investment objective of the Fund is to achieve long-term capital growth and to achieve a better result than the MSCI USA Net Total Return index in euro, comprising capital gains or losses plus net dividend.
Duration hedged	No
Investment category	BestSelect funds
Universum	US Equity
Inception date	2019-08-15
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 SCA
Auditor	PricewaterhouseCoopers Accountants NV
Transfer agent	Van Lanschot Kempen Wealth Management NV
Management company	Kempen Capital Management NV
Depositary and custodian	BNP Paribas Securities Services SCA

Tradability

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Listed	no
Subscription/Redemption Frequency	Daily
ISIN i	NL0013689037

BestSelect-AB US Concentrated Growth Equity 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.