Diversified Structured Credit Pool Class A EUR Hedged

Profile

Diversified Structured Credit Pool (the Fund) primarily consists of a concentrated pool of participations in investment funds managed by third-party investment managers. These investment funds operate as long-only funds and focus on the global structured credit markets investing in a variety of market segments including but not limited to RMBS (residential mortgage backed securities), CMBS (commercial mortgage backed securities), CLOs (collateralized loan obligations), Consumer ABS (consumer asset-backed securities) and other types of ABS (asset-backed securities) both in the US as well as in Europe.

The investment funds are selected on the basis of several criteria, including but not limited to investment strategy, pedigree and experience of the investment team, quality of the organization and service providers, and (commercial) terms of investment. It is anticipated that the focus of the Fund is on specialist ABS managers, or specialist ABS teams that are part of a larger fixed income/credit firm. Ideally managers are employee-owned and invest their own capital alongside clients in their funds creating alignment of interest.

Management team

Michiel Meeuwissen, Remko van der Erf, Theo Nijssen, Pieter Heijboer, Mark Prins

More information about the team and the strategy

Performance per 2022-03-31 (rebased)

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

No chart data available

Performance per 2022-03-31

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	Fund
1 month	-0.5 %
3 months	-1.1 %
This year	-1.1 %
2019	4.3 %
2020	-1.8 %
2021	4.6 %
1 year (on annual basis)	1.3 %
3 years (on annual basis) i	1.1 %
5 years (on annual basis) i	1.8 %
Since inception (on annual basis) i	1.8 %

Performance is shown after deduction of ongoing charges. The value of your investments may fluctuate. Past performance provides no guarantee for the future. Performance data through September 30th, 2020 is based on the performance of Diversified Structured Credit Pool A-EUR, when it was a Sub-Fund of the Kempen Alternative Markets Fund (SICAV/RAIF) umbrella. The main difference between the current share class and its predecessor is the taxe dâ€™abonnement which was 0.01% p.a. through September 30th, 2020 and 0.05% p.a. thereafter.

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

Key figures

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Total fund size	USD 396.23 M 2022-03-31
Share class size	EUR 17.33 M 2022-03-31
Number of shares	15,845 2022-03-31
Net Asset Value i	EUR 1,093.50 2022-03-31

Fund characteristics per 2022-03-31

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	Fund

Diversified Structured Credit Pool (the "Sub-Fund") is a sub-fund of Kempen Alternative Investment Fund Sicav (the â€œFundâ€), domiciled in Luxembourg. 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 the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund 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 Sub-fund is registered for offering in a limited number of countries. The countries where the Sub-fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

Performance per 2022-03-31 (rebased)

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

No chart data available

Performance per 2022-03-31

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	Fund
1 month	-0.5 %
3 months	-1.1 %
This year	-1.1 %
2019	4.3 %
2020	-1.8 %
2021	4.6 %
1 year (on annual basis)	1.3 %
3 years (on annual basis) i	1.1 %
5 years (on annual basis) i	1.8 %
Since inception (on annual basis) i	1.8 %

Dividends

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Distributing	No

Risk analysis (ex post) per 2022-03-31

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	3 years	Since inception
Maximum drawdown i	-16.80 %	-16.80 %

No data available.

Ongoing charges

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Management fee i	0.350 %
Service fee i	0.09 %
Taxe d'abonnement i	0.05 %
Indirect costs i	0.78 %
Expected ongoing charges i	1.27 %
Ongoing charges last financial year i	1.27 %

The ongoing charges figure of the last financial year relates to 2021.

Share class details

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Share class	A-EUR (hedged)
Investor type	Institutional & Private
Distributing	No
Duration hedged	No
Investment category	Alternative Credit
Universum	Global multi assets
Inception date	2020-10-16
Domicile	Luxembourg
May be offered to all investors in	The Netherlands
May be offered to professional investors only in	Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Sweden, Switzerland, United Kingdom
UCITS status i	No
Status	Open-end i
Base currency	USD
Share class currency	EUR
Administrator	BNP Paribas Securities Services S.C.A., Luxembourg branch
Management company	Kempen Capital Management N.V.
Depositary and custodian	BNP Paribas Securities Services S.C.A., Luxembourg branch

Tradability

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Listed	no
Subscription/Redemption Frequency	Subscriptions monthly on the first business day, redemptions quarterly, on the first business day of January, April, July and October
ISIN i	LU2190985882
Entry period purchase order	In order to be executed, orders must be received by BNP Paribas Securities Services S.C.A., Luxembourg branch 3 business days before the valuation day. Your distributor may use longer entry periods.
Entry period sell order	In order to be executed, orders must be received by BNP Paribas Securities Services S.C.A., Luxembourg branch 92 calendar days before the valuation day. Your distributor may use longer entry periods.