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.

AllianceBernstein Limited