This year, the Kempen (Lux) Euro High Yield Fund of Kempen Capital Management (Kempen) celebrates its third anniversary. This milestone coincides with the achievement of a total of € 250 million in assets under management. The high yield fund further expanded the range of corporate bond funds within Kempen, and contributed to the strengthening of Kempen’s credit expertise. The average annual return of the fund over this period of time stands at 3.0% as compared with 1.9% for the benchmark*.
The fund receives a five star rating from Morningstar for its performance, ranking among the top 5% of all peers globally in terms of outperformance. In addition, the fund receives a Morningstar Sustainability Rating of 3 globes.
Kempen’s credit team has been managing several successful credit funds with a proven track record since 2008. Building on this expertise and following the same philosophy, Kempen decided in 2017 to expand the offering with a European high yield strategy.
* The benchmark of the fund is BofA Merrill Lynch Composite Index. Average annual performance after deduction of expenses of the Kempen (Lux) Euro High Yield Fund Class I (ISIN: LU1624254121) from its launch on 31 July 2017 until the end of July 2020. The value of your investment may fluctuate. Past performance is not a reliable indicator of future results.