Kempen (Lux) Euro Credit Fund receives Morningstar Gold rating

Jeroen Siecker, Morningstar fund analyst, explained why the rating of the Kempen (Lux) Euro Credit Fund was upgraded from Silver to Gold: ‘The investment process of the Kempen (Lux) Euro Credit Fund is disciplined and has proven its value over the course of the years. The quality of the execution is very high: solid and risk-aware. Furthermore, the team behind the strategy is one of the most experienced teams in this sector. Under various market conditions, they are able to outperform, resulting in a strong long-term track record.’

Alain van der Heijden, head of the Credit team, stated: ‘We are extremely proud of the rating that Morningstar has bestowed on us. Nothing feels better than to receive recognition for an investment approach that works, an approach based on a well-considered, balanced investment process and intensive, close teamwork. As a team, we continuously anticipate market changes and developments within companies, following our investment philosophy in a disciplined manner. In the past eleven years, we have shown this to be a golden combination for the Kempen (Lux) Euro Credit fund.’

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Disclaimer
Kempen (Lux) Euro Credit Fund (the “Sub-Fund”) is a sub-fund of Kempen International Funds SICAV (the “Fund”), Fund”), domiciled in Luxembourg. This Fund is authorised in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as management company and regulated by The Netherlands Authority for the Financial Markets. Paying agent and representative in Switzerland is RBC Investor Services Bank S.A., Bleicherweg 7, CH-8027 Zurich, Switzerland. The Sub-Fund is registered with The Netherlands Authority for the Financial Markets under the license of the Fund. The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the

prospectus. These documents as well as annual report, semi-annual report and the articles of incorporation of the Fund are available free of charge at the registered office of the Fund located at 6H, route de Trèves, L-2633 Senningerberg, Luxembourg, at the offices of the representative in Switzerland and on the website of KCM (www.kempen.com/investmentfunds).

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. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units.

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