Kempen Profielfonds 5 - Class N

Profile

Kempen Profielfonds 5 invests, directly or indirectly, in a diversified portfolio that includes various investment categories, in which the assets are invested in accordance with the fund's risk profile. Kempen Profielfonds 5 aims to generate the highest possible return given the risk profile and the investment restrictions. The investment policy is mainly passive but the fund can be managed actively if the disadvantages of passive investment are too big or no passively managed alternatives are available.

Each year, the fund’s strategic asset allocation is determined based on long-term risk and return expectations. During the year, the management company can, e.g. on basis of economic developments or market signals, deviate from the strategic investment policy within the applicable investment restrictions. See table under the Portfolio tab for bandwidth, strategic investment policy and the current allocation of the fund.

Management team

Florentine Hanlo, Wilse Graveland, Frank van der Ploeg, Cas de Bruijne

Performance per 2022-12-31 (rebased)

No chart data available

Performance per 2022-12-31

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  Fund
1 month -2.9 %
3 months 3.0 %
This year -15.3 %
2019 23.3 %
2020 1.9 %
2021 24.3 %
1 year (on annual basis) -15.3 %
3 years (on annual basis) i 2.4 %
5 years (on annual basis) i 4.1 %
Since inception (on annual basis) i 3.9 %
Name change as of 1 January 2014. Before January 1, 2014: Van Lanschot Global Index Fund Offensief. Before January 1, 2010: Van Lanschot Manager Selectie Offensief. 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 96.97 M 2022-12-31
Share class size
EUR 82.41 M 2022-12-31
Number of shares
1,940,460 2022-12-31
Net Asset Value i
EUR 44.71 2023-01-31
Transaction price i
EUR 44.66 2023-01-31
Morningstar rating â„¢

Fund characteristics per 2022-12-31

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  Fund
Number of holdings 18
Kempen Profielfonds 5 (the “Sub-Fund”) is a sub-fund of Kempen Profielfondsen N.V. (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 Dutch). 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.

Developments per 2022-12-31

Due to the nature of this fund, this information is only available on the Dutch part of this website.

Kempen Profielfonds 5 (the “Sub-Fund”) is a sub-fund of Kempen Profielfondsen N.V. (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 Dutch). 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 -2.9 %
3 months 3.0 %
This year -15.3 %
2019 23.3 %
2020 1.9 %
2021 24.3 %
1 year (on annual basis) -15.3 %
3 years (on annual basis) i 2.4 %
5 years (on annual basis) i 4.1 %
Since inception (on annual basis) i 3.9 %
Name change as of 1 January 2014. Before January 1, 2014: Van Lanschot Global Index Fund Offensief. Before January 1, 2010: Van Lanschot Manager Selectie Offensief. 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
Last dividend
EUR 0.01
Ex-date last dividend
2022-05-27
Dividend calendar

Risk analysis (ex post) per 2022-12-31

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  3 years Since inception
Maximum drawdown i -19.96 % -34.81 %
Kempen Profielfonds 5 (the “Sub-Fund”) is a sub-fund of Kempen Profielfondsen N.V. (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 Dutch). 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.

Top 5 contribution (2022-12-31)

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  Contribution i Performance i
BlackRock ICS EUR Liq Env Aware Fd Acc 0.00 % 0.13 %
Uitgestelde Opbr. NT CCF EUR 0.00 % 0.00 %
Uitgestelde Opbr. NT Eur Value ESG B EUR 0.00 % 0.00 %
Kempen (Lux) Euro High Yield Fund IX1 -0.02 % -0.94 %
iShares ESG Screened Euro Corp Bond Q -0.02 % -1.48 %

Bottom 5 contribution (2022-12-31)

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  Contribution i Performance i
NT World SDG Low Carbon B EUR -1.51 % -8.21 %
NT World ESG Leaders Equity Index E EUR -1.41 % -7.67 %
NT EMG Sust Sel SDG Index FGR Fd A EUR -0.44 % -3.49 %
BestSelect Hermes Gl Imp Opp Eq Class P -0.39 % -5.89 %
BestSelect M&G Gl Positive Imp Eq Cl P -0.34 % -5.05 %

Asset class allocation (2022-12-31)

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  Min Max Strategic policy Current allocation
Cash and investment grade bonds 0.00 % 25.00 % 10.00 % 11.38 %
High yield bonds 0.00 % 20.00 % 5.00 % 6.10 %
Equity 40.00 % 90.00 % 80.00 % 77.60 %
Commodities 0.00 % 15.00 % 0.00 % 0.00 %
Real Estate 0.00 % 15.00 % 5.00 % 4.92 %

Top 10 holdings (2022-12-31)

17.9 %
NT World ESG Leaders Equity Index E EUR
17.8 %
NT World SDG Low Carbon B EUR
12.9 %
NT EMG Sust Sel SDG Index FGR Fd A EUR
8.6 %
Kempen (Lux) Euro Sustainable Eq VLK I
7.3 %
NT Europe SDG Low Carbon B EUR
6.5 %
BestSelect M&G Gl Positive Imp Eq Cl P
6.5 %
BestSelect Hermes Gl Imp Opp Eq Class P
4.9 %
Northern Trust Global REIT Unit B
3.9 %
NT Euro Government Bond Index C EUR
2.1 %
L&G ESG EM Gov Bd (LC) Ind Fd Unhedged
Total
88.5 %
Kempen Profielfonds 5 (the “Sub-Fund”) is a sub-fund of Kempen Profielfondsen N.V. (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 Dutch). 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
0.350 %
Service fee i
0.10 %
Indirect costs i
0.10 % - 0.30 % (estimated range)
Expected ongoing charges i
0.55 % - 0.75 % (estimated bandwith)
Ongoing charges last financial year i
0.60 %
The Ongoing Charges Figure of the last financial year relates to 2021.

Other costs

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Kempen Profielfonds 5 (the “Sub-Fund”) is a sub-fund of Kempen Profielfondsen N.V. (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 Dutch). 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
N
Investor type
Institutional & Private
Distributing
Yes
Objective
To generate the highest possible return given the risk profile and the investment restrictions.
Investment category
Multi Asset Strategies
Universe
Global assets
Inception date
2006-02-16
Domicile
Netherlands
May be offered to all investors in
Netherlands
UCITS status i
Yes
Status
Open-end i
Base currency
EUR
Share class currency
EUR
Administrator
BNP Paribas S.A., Netherlands Branch
Auditor
PricewaterhouseCoopers Accountants N.V.
Transfer agent
Van Lanschot Kempen NV
Management company
Van Lanschot Kempen Investment Management NV
Depositary and custodian
BNP Paribas S.A., Netherlands Branch
Morningstar rating â„¢

Tradability

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Listed
yes, listed on the NAV Trading Facility of Euronext
Subscription/Redemption Frequency
Daily
ISIN i
NL0000290492
Kempen Profielfonds 5 (the “Sub-Fund”) is a sub-fund of Kempen Profielfondsen N.V. (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 Dutch). 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

Kempen Profielfonds 5 (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 have sustainable investment as its objective, but will have a minimum of 7,5-20 percent of sustainable investments.

Kempen Profielfonds 0 0%
Kempen Profielfonds 2 7,5%
Kempen Profielfonds 3 12,5%
Kempen Profielfonds 4 20%
Kempen Profielfonds 5 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 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 MSCI All Countries World Index 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.
Â

Proportion of investments

While the Fund does not have sustainable investments as its objective, it aims to have a minimum proportion of 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 funds that we invest in are screened for compliance with Kempen’s ESG criteria. The screening process allows Kempen to monitor the ESG performance of all companies in the fund, and to encourage engagement on potential issues identified. The output of the screen feeds into quarterly challenging sessions between ESG specialists and portfolio managers. Challenging sessions are used to assess whether ESG risks and opportunities are sufficiently reflected in the investment decision making process.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 proxy voting, 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 ESG Risk Ratings and 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, Tableau) and internal compliance systems (including ThinkFolio).Â

Exclusion criteria

  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

Morningstar sustainability rating

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 portfolio companies 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 company is invested in, Portfolio Managers perform 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).Â

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 MSCI All Countries World Index as of the end of 2019 with a subsequent annual 7% reduction.
Kempen Profielfonds 5 (the “Sub-Fund”) is a sub-fund of Kempen Profielfondsen N.V. (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 Dutch). 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.
Kempen Profielfonds 5 (the “Sub-Fund”) is a sub-fund of Kempen Profielfondsen N.V. (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 Dutch). 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.