- Kempen
- BestSelect-Hermes European Growth Equity BN
BestSelect-Hermes European Growth Equity BN
Profile
BestSelect-Hermes European Growth Equity has been terminated as of 21 October 2022. More information can be found in the announcement and background published under the section Documents / Formal documents other.
BestSelect-Hermes European Growth Equity (the Fund) invests in shares of companies that are listed or established in Europe. Kempen Capital Management NV has outsourced the stock selection and portfolio management Hermes Fund Managers Ireland Limited. A diversified portfolio is compiled based on a bottom-up investment process. Central to the investment strategy is the selection of companies with a positive change that initiate strength and sustainable future growth, which have not yet been discovered by the market. The focus is on companies with undervalued growth, a higher than average return on equity, profit growth and revenue growth. The ESG criteria of Kempen Capital Management NV are used in the investment process.
The Fund invest in equity and equity equivalent securities of companies listed or incorporated in the developed and emerging European market region (including Russia). 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 objective of the Fund is to achieve long-term capital growth and to achieve a better result than the MSCI Europe 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.
BestSelect-Hermes European Growth Equity (the Fund) invests in shares of companies that are listed or established in Europe. Kempen Capital Management NV has outsourced the stock selection and portfolio management Hermes Fund Managers Ireland Limited. A diversified portfolio is compiled based on a bottom-up investment process. Central to the investment strategy is the selection of companies with a positive change that initiate strength and sustainable future growth, which have not yet been discovered by the market. The focus is on companies with undervalued growth, a higher than average return on equity, profit growth and revenue growth. The ESG criteria of Kempen Capital Management NV are used in the investment process.
The Fund invest in equity and equity equivalent securities of companies listed or incorporated in the developed and emerging European market region (including Russia). 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 objective of the Fund is to achieve long-term capital growth and to achieve a better result than the MSCI Europe 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
Hermes Fund Managers Ireland Limited
Performance per 2022-09-30 (rebased)
Performance per 2022-09-30
Slide to see more
| Fund | Benchmark | |
|---|---|---|
| 1 month | -6.0 % | -6.3 % |
| 3 months | -2.5 % | -4.1 % |
| This year | -24.1 % | -17.4 % |
| 2019 | 5.0 % | 5.8 % |
| 2020 | 7.2 % | -3.3 % |
| 2021 | 29.3 % | 25.1 % |
| 1 year (on annual basis) | -17.8 % | -11.0 % |
| 3 years (on annual basis) i | 3.4 % | 1.9 % |
| Since inception (on annual basis) i | 3.4 % | 1.9 % |
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
Slide to see more
| Total fund size | EUR 41.01 M 2022-09-30 |
| Share class size | EUR 41.01 M 2022-09-30 |
| Number of shares | 382,007 2022-09-30 |
| Net Asset Value i | EUR 102.97 2022-10-21 |
| Transaction price i | EUR 105.77 2022-10-20 |
BestSelect-Hermes European Growth Equity (the “Sub-Fundâ€) is a sub-fund of BestSelect Funds (the “Fundâ€). 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 Hermes Fund Managers Ireland Limited. This investment firm is under the supervision of the Central Bank of Ireland, the financial regulator in Ireland.
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.
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-Hermes European Growth Equity (the “Sub-Fundâ€) is a sub-fund of BestSelect Funds (the “Fundâ€). 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 Hermes Fund Managers Ireland Limited. This investment firm is under the supervision of the Central Bank of Ireland, the financial regulator in Ireland.
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.
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 2022-09-30 (rebased)
Performance per 2022-09-30
Slide to see more
| Fund | Benchmark | |
|---|---|---|
| 1 month | -6.0 % | -6.3 % |
| 3 months | -2.5 % | -4.1 % |
| This year | -24.1 % | -17.4 % |
| 2019 | 5.0 % | 5.8 % |
| 2020 | 7.2 % | -3.3 % |
| 2021 | 29.3 % | 25.1 % |
| 1 year (on annual basis) | -17.8 % | -11.0 % |
| 3 years (on annual basis) i | 3.4 % | 1.9 % |
| Since inception (on annual basis) i | 3.4 % | 1.9 % |
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
Slide to see more
| Distributing | Yes |
| Last dividend | EUR 2.13 |
| 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 amount of the dividend payment can vary per year and can be zero in any year.
BestSelect-Hermes European Growth Equity (the “Sub-Fundâ€) is a sub-fund of BestSelect Funds (the “Fundâ€). 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 Hermes Fund Managers Ireland Limited. This investment firm is under the supervision of the Central Bank of Ireland, the financial regulator in Ireland.
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.
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 (2022-09-30)
6.7 %
Novo Nordisk
5.9 %
ASML
5.0 %
Merck
4.6 %
Wolters Kluwer
4.5 %
SAP
4.1 %
Deutsche Boerse
4.0 %
Lonza
3.8 %
Sika
3.8 %
Edenred
3.7 %
Schneider Electric
Total
46.1 %
BestSelect-Hermes European Growth Equity (the “Sub-Fundâ€) is a sub-fund of BestSelect Funds (the “Fundâ€). 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 Hermes Fund Managers Ireland Limited. This investment firm is under the supervision of the Central Bank of Ireland, the financial regulator in Ireland.
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.
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.
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
Slide to see more
| 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-Hermes European Growth Equity (the “Sub-Fundâ€) is a sub-fund of BestSelect Funds (the “Fundâ€). 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 Hermes Fund Managers Ireland Limited. This investment firm is under the supervision of the Central Bank of Ireland, the financial regulator in Ireland.
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.
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
Slide to see more
| Service fee i | 0.15 % |
| Indirect costs i | 0.25 % (investment management fee for Hermes Fund Managers Ireland Limited) |
| Expected ongoing charges i | 0.35% - 0.40% (bandwidth) |
| Ongoing charges last financial year i | 0.50 % |
The ongoing charges figure of the last financial year relates to 2020/2021.
The expected ongoing charges consist of the investment management fee for Hermes Fund Managers Ireland Limited and the service fee.
The service fee changed as of 1 October 2022 into 0.15% (was 0.125%). The service fee is determined annually on basis of the net asset value as of the last day of the previous financial year: The service fee is determined as follows:
- If the fund assets are less than or equal to EUR 250 million: 0.15%
- If the fund's assets are between EUR 250 and EUR 500 million: 0.125%
- If the fund's assets are more than EUR 500 million: 0.10%
The expected ongoing charges consist of the investment management fee for Hermes Fund Managers Ireland Limited and the service fee.
The service fee changed as of 1 October 2022 into 0.15% (was 0.125%). The service fee is determined annually on basis of the net asset value as of the last day of the previous financial year: The service fee is determined as follows:
- If the fund assets are less than or equal to EUR 250 million: 0.15%
- If the fund's assets are between EUR 250 and EUR 500 million: 0.125%
- If the fund's assets are more than EUR 500 million: 0.10%
BestSelect-Hermes European Growth Equity (the “Sub-Fundâ€) is a sub-fund of BestSelect Funds (the “Fundâ€). 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 Hermes Fund Managers Ireland Limited. This investment firm is under the supervision of the Central Bank of Ireland, the financial regulator in Ireland.
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.
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
Slide to see more
| Share class | BN i |
| Investor type | Institutional & Private |
| Distributing | Yes |
| Benchmark i | MSCI Europe Net Total Return index in euro |
| Objective | The objective of the Fund is to achieve long-term capital growth and to achieve a better result than the MSCI Europe Net Total Return index in euro, comprising capital gains or losses plus net dividend. |
| Duration hedged | No |
| Investment category | BestSelect funds |
| Universe | Equity Europe |
| Inception date | 2019-08-15 |
| 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 BV |
| Administrator | BNP Paribas S.A., Netherlands Branch |
| Auditor | PricewaterhouseCoopers Accountants NV |
| Transfer agent | Van Lanschot Kempen NV |
| Management company | Kempen Capital Management NV |
| Depositary and custodian | BNP Paribas S.A., Netherlands 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
Slide to see more
| Listed | no |
| Subscription/Redemption Frequency | Daily |
| ISIN i | NL0013689011 |
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-Hermes European Growth Equity (the “Sub-Fundâ€) is a sub-fund of BestSelect Funds (the “Fundâ€). 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 Hermes Fund Managers Ireland Limited. This investment firm is under the supervision of the Central Bank of Ireland, the financial regulator in Ireland.
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.
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.
Factsheets
Show more documents Show fewer documents
Prospectus
Sustainability related disclosures
Formal documents other
BestSelect-Hermes European Growth Equity (the “Sub-Fundâ€) is a sub-fund of BestSelect Funds (the “Fundâ€). 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 Hermes Fund Managers Ireland Limited. This investment firm is under the supervision of the Central Bank of Ireland, the financial regulator in Ireland.
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.
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.