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 AIF’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
More information can be found on the documents page of this fund

Key figures

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Total fund size
EUR 164.56 M 2019-10-31
Share class size
EUR 164.56 M 2019-10-31
Number of shares
1,637,302 2019-10-31
Net Asset Value
EUR 105.44 2019-12-06
Transaction price
EUR 105.28 2019-12-06
BestSelect-AB US Concentrated Growth 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 US Concentrated Growth 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.

Dividends

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Distributing
Yes
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 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.
BestSelect-AB US Concentrated Growth 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.

Asset class allocation (2019-10-31)

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  Min Max Strategic policy Current allocation

Top 10 holdings (2019-10-31)

9.4 %
Microsoft
9.4 %
Mastercard
8.7 %
ABBOTT LABORATORIES
6.1 %
IQVIA
5.2 %
Stericycle
5.0 %
INTL FLAVORS & FRAGRANCES
4.9 %
ZOETIS INC
4.9 %
Allegion
4.9 %
FACEBOOK INC-CLASS A
4.9 %
AMPHENOL CORP-CL A
Total
63.2 %
BestSelect-AB US Concentrated Growth 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.

Ongoing charges

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Service fee i
0.15 %
Expected ongoing charges i
0.50% - 0.60% (estimated bandwidth)

Other costs

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Upward swing factor i
0.15 %
Downward swing factor i
0.15 %
BestSelect-AB US Concentrated Growth 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 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 B.V.
Administrator
BNP Paribas Securities Services S.C.A.
Auditor
PricewaterhouseCoopers Accountants N.V.
Transfer agent
Van Lanschot N.V.
Management company
Kempen Capital Management N.V.
Depositary and custodian
BNP Paribas Securities Services S.C.A.

Tradability

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Listed
no
Subscription/Redemption Frequency
Daily
ISIN i
NL0013689037
BestSelect-AB US Concentrated Growth Equity will only be 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 US Concentrated Growth 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.

Read more information about Kempen Capital Management N.V. on this site and find also more information on BNP Paribas Securities Services S.C.A.

BestSelect-AB US Concentrated Growth 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.
No data available.
BestSelect-AB US Concentrated Growth 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.