Van Lanschot Kempen Vermogensfonds Duurzaam – Gematigd offensief - Class BN

Profile

The Fund aims to achieve the highest possible return over the long term, taking into account the risk profile and investment restrictions. The Fund invests, directly or indirectly, in a broadly composed portfolio of different asset classes, in which the assets are invested in accordance with the investment profile of the Fund. The distribution over the asset classes is as follows:
- Money market (0-20%);
- Investment grade bonds (10-40%);
- High yield bonds (0-20%);
- Emerging markets bonds (0-20%);
- Equities (30-80%);
- Real estate (0-15%) and
- Commodities (0-15%).

The Fund's strategic allocation over the various asset classes is determined annually on the basis of long-term risk and return expectations. The strategic investment policy followed and the tactical adjustments are reported in the annual reports. Investments can be made in all possible sectors and there are no restrictions on bond maturities. Both active and passive sustainable funds can be selected.

The Fund may not invest directly in real estate, but may invest in financial instruments that have significant exposure to this asset class. The Fund may hold cash and deposits denominated in euros and foreign currencies. In addition, the Fund may also use techniques, structures or derivatives such as options, warrants and futures for hedging purposes and efficient portfolio management.

Management team

Thijs van der Kevie, Cas de Bruijne, Jan van de Ven, Frans Evers

Performance per 2022-12-31 (rebased)

No chart data available

Performance per 2022-12-31

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  Fund
1 month -2.7 %
This year -2.2 %
Since inception (on annual basis) i -2.2 %
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 608.78 M 2022-12-31
Share class size
EUR 608.78 M 2022-12-31
Number of shares
622,633 2022-12-31
Net Asset Value i
EUR 1,029.29 2023-02-03
Transaction price i
EUR 1,020.96 2023-02-03

Fund characteristics per 2022-12-31

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  Fund
Number of holdings 17
Van Lanschot Kempen Vermogensfonds Duurzaam - Gematigd offensief (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV 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 Van Lanschot Kempen Investment Management NV 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 Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (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.
Van Lanschot Kempen Vermogensfonds Duurzaam - Gematigd offensief (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV 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 Van Lanschot Kempen Investment Management NV 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 Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (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 2022-12-31 (rebased)

No chart data available

Performance per 2022-12-31

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  Fund
1 month -2.7 %
This year -2.2 %
Since inception (on annual basis) i -2.2 %
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
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 31 December 2022, which means that the first dividend payment can take place in 2023. The amount of the dividend payment can vary per year and can be zero in any year.
Van Lanschot Kempen Vermogensfonds Duurzaam - Gematigd offensief (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV 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 Van Lanschot Kempen Investment Management NV 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 Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (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 (2022-12-31)

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  Min Max Strategic policy Current allocation

Top 10 holdings (2022-12-31)

19.5 %
NT Europe Sus Select SDG Index A FGR Tax
15.3 %
UBS ETF MSCI USA Soc Responsible USD Dis
10.0 %
NT Euro Government Bond Index C EUR
6.4 %
iShares $ Corp Bond ESG EUR Hedged
6.0 %
BestSelect Hermes Gl Imp Opp Eq Class P
6.0 %
BestSelect M&G Gl Positive Imp Eq Cl P
5.8 %
NT EMG Sust Sel SDG Index FGR Fd A EUR
5.8 %
Kempen (Lux) Gl Sustainable Eq Cl VLK I
4.1 %
BlackRock ICS EUR Liq Env Aware Fd Acc
4.1 %
BNP Paribas Climate Impact
Total
82.9 %
Van Lanschot Kempen Vermogensfonds Duurzaam - Gematigd offensief (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV 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 Van Lanschot Kempen Investment Management NV 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 Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (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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Management fee i
0.690 %
Service fee i
0.05 %
Indirect costs i
0.23 % (estimated)
Expected ongoing charges i
0.97 %
Van Lanschot Kempen Vermogensfonds Duurzaam - Gematigd offensief (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV 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 Van Lanschot Kempen Investment Management NV 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 Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (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
Investment category
Multi Asset Strategies
Universe
Global assets worldwide
Inception date
2022-11-14
Domicile
Netherlands
May be offered to all investors in
Netherlands
UCITS status i
No
Status
Open-end i
Base currency
EUR
Share class currency
EUR
Administration Office
Juridisch eigenaar Kempen AIF BV
Administrator
BNP Paribas S.A., Netherlands Branch
Auditor
PricewaterhouseCoopers Accountants NV
Transfer agent
Van Lanschot Kempen NV
Management company
Van Lanschot Kempen Investment Management NV
Depositary and custodian
BNP Paribas S.A., Netherlands Branch
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.

Tradability

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Listed
no
Subscription/Redemption Frequency
Daily
ISIN i
NL0015000U59
This fund is only available for orders submitted via the Transfer Agent platform of Van Lanschot Kempen NV.
Van Lanschot Kempen Vermogensfonds Duurzaam - Gematigd offensief (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV 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 Van Lanschot Kempen Investment Management NV 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 Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (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 sustainable investment objective

Vermogensfonds Duurzaam Gematigd Offensief (the ‘Fund’) falls under the scope of article 8 of the SFDR, indicating that the fund promotes environmental and/or social characteristics. The fund does not have sustainable investment as its objective, but will have a minimum of 5-20 percent of sustainable investments.

Duurzaam Zeer Defensief 5%
Duurzaam Defensief 7,5%
Duurzaam Neutraal 12,5%
Duurzaam Gematigd Offensief 15%
Duurzaam Offensief 20%
Duurzaam Zeer Offensief 20%

Environmental or social characteristics of the financial product

The Fund promotes the following environmental characteristics:Â
• climate change mitigation and climate change adaptation in line with the Paris Climate Agreement; Â
• the protection of biodiversity and ecosystems; Â
• the transition to a circular economy.

The Fund promotes the following social characteristics:Â
• Avoiding controversial activities, as defined by violations of the UN Global Compact principles;
• Avoiding the production and use of controversial weapons.

No specific benchmark has been defined for the ecological and social characteristics, but the Fund has committed itself to contribute to the Paris Climate Agreement and therefore aims to have a CO2 intensity that is lower than the EU Paris Aligned Benchmark. This benchmark entails a 50% reduction as of the end of 2019 compared to the regional equity investment benchmark and a subsequent annual reduction of 7%.Â

Investment strategy

The promotion of sustainable investments is achieved through the consistent implementation of the Fund’s ESG policy. Since the Fund invests in other investment funds, it uses ESG as a leading criteria in the selection and monitoring of these funds.Â

Passive equity managers must have a best-in-class policy. For equity funds, this policy must lead to exclusion of at least 50% of the investment universe.
Active managers must have a clear ESG policy that is at least on par with a passive best-in-class policy.

Proportion of investments

While the Fund does not have sustainable investments as its objective, it aims to have a minimum proportion above 0% of sustainable investments aligned with the EU Taxonomy.

The Fund’s ambition of the minimum portion of sustainable investments targets sustainable investments linked to the environmental objectives of climate change mitigation and climate change adaptation.Â

Monitoring of environmental or social characteristics

Each quarter, the holdings of the Subfunds are screened for compliance with Kempen’s ESG criteria. The screening process allows Kempen to monitor the ESG performance of all companies in the Subfunds, and to encourage engagement with the financial institutions on potential issues identified. The output of the screen feeds into challenging sessions between the Manager Research & Selection Team (MRS) and the managers of the Subfunds.Â

Methodologies

Principle Adverse Indicators are monitored at individual holding level and at the portfolio level. Economic activities of portfolio companies can have adverse impacts on sustainability factors.Â

Carbon emission intensity is used as the key carbon metric. We calculate carbon intensity based on revenues (weighted average carbon intensity), which we use for our commitment, ambition and objectives. We also calculate carbon intensity based on Enterprise Value, which is also used by the EU Benchmarks.

EU Taxonomy alignment is measured by turnover, for which we use a combination of actual data from investee companies and estimates on EU Taxonomy alignment made by a third party provider.

Data sources and processing

External data providers include (but are not limited to) Institutional Shareholder Services (ISS), which we use for governance research, carbon data and Sustainable Development Goals data, MSCI ESG Research, which we use for company ESG Ratings, product involvement data, UN Global Compact Data, and Sustainalytics, which we use for product involvement data. The degree to which the investments are in environmentally sustainable economic activities under the EU Taxonomy is measured by turnover for which we rely on a third party provider MSCI ESG, which is using a combination of actual data from investee companies and estimates on EU Taxonomy alignment made by the third party provider. Internal as well as external data is collected and processed in several data analytics (including FactSet, PowerBI, Eximius, Tableau) and internal compliance systems (including ThinkFolio).Â

Limitations to methodologies and data

Externally provided ESG data is far from perfect. Therefore we conduct rigorous due diligence of the data used in our ESG processes. To ensure data quality we regularly engage with investment institutions, Subfunds and third party vendors. Limitations include, but are not limited to discrepancies between company reported data and data provided by third parties, inconsistencies across data vendors, market cap bias and modelling assumptions.Â

Due diligence

Before a Subfund  is approved for investments, MRS performs a due diligence on potential ESG risks, opportunities, as well as potential past controversies. ESG due diligence is integrated in the different stages of the investment process (screen of the investable universe, fundamental research & portfolio management).

Designated reference benchmark

Although there has been no index designated as a reference benchmark, the Fund has committed itself to a carbon intensity that is below the EU Paris Aligned Benchmark (EU PAB) pathway. This pathway assumes a carbon intensity that is 50% lower than the regional equity investment benchmark as of the end of 2019 with a subsequent annual 7% reduction.
Van Lanschot Kempen Vermogensfonds Duurzaam - Gematigd offensief (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV 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 Van Lanschot Kempen Investment Management NV 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 Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (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.
Van Lanschot Kempen Vermogensfonds Duurzaam - Gematigd offensief (the “Sub-Fund”) is a sub-fund of Van Lanschot Kempen Vermogensfondsen (the “Fund”). Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV 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 Van Lanschot Kempen Investment Management NV 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 Information Document (available in Dutch) and the prospectus (available in English). These documents are available on the website of Van Lanschot Kempen Investment Management NV (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.