Horizon KBC Defensive Responsible Investing invests directly or indirectly in various asset classes, such as shares and/or share-related investments (the ‘stock component’), bonds and/or bond-related investments (the ‘bond component’), money market instruments, cash and cash equivalents, and/or alternative investments (including real estate and financial instruments that are linked to price movements on the commodity market). The target allocation is 30% shares and/or share-related investments (stock component) and 70% bonds and/or bond-related investments (bond component).The target allocation may be deviated from in line with the investment strategy of KBC Asset Management NV.

The stock component is invested in a worldwide selection of shares that may come from any region, sector or theme. The credit rating* that the bond component must meet is set out in the prospectus (for more details, see the 'Characteristics of the bonds and debt instruments' section in the information concerning this sub-fund in the prospectus). Within the limitations described above, the fund pursues responsible investing objectives based on a dualistic approach: a negative screening and a positive selection methodology. The negative screening entails that the fund may not invest in the assets of issuers operating in industries where exclusion criteria apply (however, specific turnover tresholds apply, for example to tobacco, gambling activities and weapons). More information on the exclusion policy can be found at www.kbc.be/investment-legal-documents > Exclusion policy for Responsible Investing funds. The positive selection methodology is a combination of portfolio targets and supporting sustainable development. Portfolio targets are based on a reduction in greenhouse gas intensity and an improvement in ESG characteristics versus its benchmark. Sustainable development is supported by investing in green, social and sustainability bonds and in issuers contributing to the UN Sustainable Development Goals. More information on the positive selection methodology and the concrete goals of the fund can be found at www.kbc.be/investment-legal-documents > Investment policy for Responsible Investing funds and in the annex to the prospectus for this fund. Horizon KBC Responsible Defensive Investing is actively managed with reference to the following benchmark: 30% MSCI All Countries World Net Return Index -35% JP Morgan EMU government Bonds Investment grade All Maturities Total Return Index - 35% iBoxx Euro Corporates -Total Return Index (www.MSCI.com).

The benchmark is also used to determine the fund's risk limitation mechanism. This limits the extent to which the fund's return may deviate from the benchmark. The longterm expected tracking error for this fund is 1.5%. 

  
Fees
 

IMPORTANT! This information contains marketing material and does not constitute investment consultation, advice, investment research or investment recommendation and should not be treated as such. The information is valid at the date of its issue and may change in the future. The value of the units of the collective investment schemes changes over time and may be higher or lower than the value at the time of the investment. No profits are guaranteed and there is a risk for investors not to refund the full amount invested. Therefore, it is advisable for investors to get acquainted with the specifics of the financial instruments in which they wish to invest and to assess how appropriate they are to meet their investment objectives and risk appetite before making an investment decision. The offered investment product concerns the purchase of units in a fund rather than any instruments, in which the respective fund invests in. Investments in collective investment schemes, offered by UBB, are guaranteed by the Investor Compensation Fund, amounting to 90% of the value of all financial instruments held by the investor in UBB, but not more than ЕUR 20 000/BGN 40 000. Please, read the Key Investor Information Document and the Prospectus before investing. Upon request, you can receive a paper copy of these documents, free of charge, at all UBB branches, within their normal working hours with clients. Full and up-to-date information about the funds, offered by UBB, can be found at www.ubb.bg, in the section "Savings and Investments", on the website of KBC Asset Management NV - Branch  www.ubbam.bg, as well as in the UBB branches, where you can get a personalized investment advice. A summary of your rights as an investor is available at the following hyperlinks, in Bulgarian: 11074.pdf (ubbam.bg) and in English: 11365.pdf (ubbam.bg).