Kempen SDG Farmland Fund class A

Kempen SDG Farmland Fund – class A

Profile

Kempen SDG Farmland Fund aims to achieve attractive long-term returns by globally investing in farmland and agricultural properties. Sustainable development goals are an explicit part of the investment strategy and will be measured and evaluated on an annual basis. The focus is on investments in sustainable and regenerative agriculture practices situated in OECD countries. The fund targets a broad diversification in crop types and crop rotation programmes. Most of the investments are expected to be located in North America, Western Europe and Oceania (Australia & New Zealand). The management company works with local agricultural specialists to allow the fund to benefit from their local knowledge, expertise and operating capabilities. This fund is only available for professional investors. Class A is only available for fiduciary management clients of Kempen Capital Management that make commitments of at least â‚¬15,000,000 or investors that are otherwise designated as a Qualifying Participant by discretion of the manager.

Management team

Sven Smeets, Richard Jacobs, Edzard Potgieser, Bram Bikker, Jorrit Willigers

Performance per 2022-09-30 (rebased)

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

No chart data available

Performance per 2022-09-30

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	Fund
1 month	3.6 %
3 months	3.6 %
This year	5.5 %
2021	5.4 %
1 year (on annual basis)	4.8 %
Since inception (on annual basis) i	6.9 %

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

Key figures

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Total fund size	EUR 149.37 M 2022-09-30
Share class size	EUR 149.37 M 2022-09-30
Number of shares	134,336 2022-09-30
Net Asset Value i	EUR 1,111.77 2022-10-31

Kempen Capital Management N.V. (KCM) is the management company of the Kempen SDG Farmland Fund (het â€œFundâ€). KCM is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Fund is registered under the license of KCM at the Dutch Authority for the Financial Markets (AFM). The Fund is notified for offering in a limited number of countries. The countries where the Fund is notified can be found on the website. The Fund is only available for professional investors.

The information in this document provides insufficient information for an investment decision. Please read the placement memorandum en de Terms & Conditions (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)

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

No chart data available

Performance per 2022-09-30

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	Fund
1 month	3.6 %
3 months	3.6 %
This year	5.5 %
2021	5.4 %
1 year (on annual basis)	4.8 %
Since inception (on annual basis) i	6.9 %

Dividends

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Distributing	Yes
Number of distributions per year	4
Dividend calendar	Open the calendar

Source: Kempen, data as at 31 December 2021. All amounts are in Euro* An additional €25m called just after quarter end with shares to be issued on December 31 NAV** Excluding down payments for investments not yet closed and investment closed after quarter end

Maturity profile (2022-09-30)

28.1 %

Cash

71.9 %

Other

Total

100 %

Geographic allocation (2022-09-30)

42.8 %

United States

29.1 %

Australia

28.1 %

Cash

Total

100 %

Top 2 holdings (2022-09-30)

42.8 %

SDG Farmland Fund US Entity

29.1 %

SDG Farmland Fund AUS Entity

Total

71.9 %

Rating allocation (2022-09-30)

28.1 %

Cash

71.9 %

Other

Total

100 %

Sector allocation (2022-09-30)

100.0 %

Other

Total

100 %

No data available.

Ongoing charges

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Management fee i	0.400 %

Other costs

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Entry fee	Maximum 5%
Exit fee	Maximum 3%

In addition to the management fee, operating expenses and organizational expenses are born by the fund. The main purpose of the subscription and redemption charge is to cover indirectly the anticipated and realised costs associated with the investments of the fund where the level is set at such level that spreading of costs will benefit different generations of investors. The subscription charge per 30 June 2022 is expected to be 1.91%.

Share class details

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Share class	A i
Investor type	Institutional
Distributing	Yes
Domicile	The Netherlands
May be offered to professional investors only in	Belgium, Denmark, Germany, Italy, Sweden, The Netherlands
UCITS status i	No
Status	Open-end i
Base currency	EUR
Administration Office	Stichting Kempen SDG Farmland Fund
Management company	Kempen Capital Management NV

Tradability

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Listed	no
Subscription/Redemption Frequency	Subscriptions quarterly. First annual redemption expected as of July 2026.
ISIN i	NL00150004C3
Entry period purchase order	In order to be executed, orders must received 10 business days before the end of a quarter. Your distributor may use longer entry periods.
Entry period sell order	In order to be executed the, orders must be received at least 90 calendar days before 30 June. Your distributor may use longer entry periods.
Details	Prior to the fifth anniversary of the initial closing, a participant may not redeem all or part of its units. First annual redemption expected as of July 2026.

The fund is only available for professional investors.

The manager will make drawdowns to fund investments, for the payment of fees or for other purposes. Drawdowns shall be made in respect of the commitments made by the participants that were accepted at the earliest closing on a pro rata basis (i.e. pro rata their commitments made at such closing) in priority to commitments made by participants at any later closings.
After the lock-up of 5 years, participants may apply on an annual basis for the redemption of all or part of his units in the fund. However, participants should be aware that it is not guaranteed that redemption requests will be executed in their entirety and that it may occur that redemption requests are executed partly or not at all. The remaining part of the redemption requests will be cancelled.