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

Performance per 2022-07-31 (rebased)

No chart data available

Performance per 2022-07-31

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  Fund Benchmark
1 month 14.0 % 12.1 %
3 months 5.9 % 3.4 %
This year -6.6 % -4.1 %
2019 6.9 % 6.8 %
2020 12.4 % 10.8 %
2021 42.9 % 36.1 %
1 year (on annual basis) 6.6 % 7.8 %
Since inception (on annual basis) i 18.1 % 16.6 %
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 459.64 M 2022-07-31
Share class size
EUR 459.64 M 2022-07-31
Number of shares
2,869,661 2022-07-31
Net Asset Value
EUR 159.81 2022-08-11
Transaction price
EUR 158.09 2022-08-11
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.

Performance per 2022-07-31 (rebased)

No chart data available

Performance per 2022-07-31

Slide to see more
  Fund Benchmark
1 month 14.0 % 12.1 %
3 months 5.9 % 3.4 %
This year -6.6 % -4.1 %
2019 6.9 % 6.8 %
2020 12.4 % 10.8 %
2021 42.9 % 36.1 %
1 year (on annual basis) 6.6 % 7.8 %
Since inception (on annual basis) i 18.1 % 16.6 %
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

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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 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.

Top 10 holdings (2022-07-31)

9.1 %
Microsoft
8.1 %
Mastercard
7.6 %
Amazon.com
6.3 %
Nike Class B
6.2 %
Abbott Laboratories
4.9 %
Charles Schwab
4.9 %
CDW CORP/DE
4.8 %
AUTOMATIC DATA PROCESSING
4.8 %
AMPHENOL CORP-CL A
4.8 %
IQVIA
Total
61.5 %
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.

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.

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

  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-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.

 

SWING FACTORS

An overview of the current swing factors are available here.

Ongoing charges

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Service fee i
0.13 %
Expected ongoing charges i
0.45% - 0.60% (estimated bandwidth)
Ongoing charges last financial year i
0.57 %
The ongoing charges figure of the last financial year relates to 2020/2021.

The service fee changed as of 23 December 2021 into 0.125% (was 0.15%).The service fee is determined annually on basis of the net asset value as of the last day of the previous financial year:
< or equal to EUR 250 million: 0.15%
Between EUR 250 million and EUR 500 million: 0.125%
>EUR 500 million: 0.10%
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 BV
Administrator
BNP Paribas Securities Services S.C.A., Amsterdam branch
Auditor
PricewaterhouseCoopers Accountants NV
Transfer agent
Van Lanschot Kempen NV
Management company
Kempen Capital Management NV
Depositary and custodian
BNP Paribas Securities Services S.C.A., Amsterdam 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

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Listed
no
Subscription/Redemption Frequency
Daily
ISIN i
NL0013689037
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-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.