Impact Funds Mandate

Invest in funds with a positive impact on the environment and society

Impact Funds Mandate

Investment goal: to generate financial returns and create impact with your assets
Investments that have a measurable positive impact on the world
Sustainability profile: Impact
Equity funds, bond funds and alternative funds
From €50,000

From green bonds to micro-loans

If you would like to invest in companies that really make a positive contribution to the environment and society, the Impact Funds Mandate may be a good fit for you.

When you opt for this mandate, you invest in funds that prioritise CSR and aim to make a positive impact. The investments are in companies that meet our criteria in terms of implementing sustainable business practices and making a positive contribution to the UN Sustainable Development Goals. With this mandate, you also invest in green bonds and in funds that invest in micro-loans and sustainable projects.

The other Portfolio Management mandates

ESG Fund Mandate

Index Mandate

Comfort Income Mandate

Multi-Manager Mandate

Winter Bonus Portfolio Management

Get started with Portfolio Management or make an extra deposit to earn a bonus.

For new clients: get a €500 bonus if you start Portfolio Management. Read the promotion terms and conditions.
For existing Portfolio Management clients: Get €500 if you deposit an extra €50,000, or €200 if you deposit €20,000. Read the promotion terms and conditions.

Please note: investing involves risk. You could lose all or part of your initial investment.

Promotion for new clients Promotion for existing clients

Always at the risk level that suits you

If you choose a Mandate that suits you, you will also discuss which risk profile suits your wishes and your situation with a wealth specialist. Your chosen risk profile determines the risk that our investment experts are allowed to take on your behalf.

What do you want to know?

The features of this mandate

With this mandate, experts invest for you in companies that have a positive impact on people, the environment and society. You have a portfolio consisting of investment funds that meet the legal requirements for impact investments ('Article 9 funds’). The weighting of funds is always based on your risk profile. You can start investing from as little as €50,000.

Return over the last 5 years

Actual returns after deduction of fees

This table shows the actual net returns achieved under the Impact Funds Mandate for the past years (since May 2023).

Risk (since 1 May 2023)	2023	2024	since 2020
Very Defensive (as of 1/1/24)		0.89%	0.89%
Defensive	2.66%	4.53%	7.31%
Moderately defensive	2.79%	7.29%	10.28%
Moderately aggressive	3.05%	10.93%	14.31%
Aggressive	3.19%	14.69%	18.35%
Very aggressive	3.26%	15.63%	19.39%

Source: ABN AMRO Portfolio Management, compound rate of return for the period 1 January 2020 - 31 December 2024.

Results are stated after the deduction of all fees and are based on a geometric mean calculation. These are the model portfolio results, which may differ from the returns achieved on the portfolios of individual clients. The value of your investments may fluctuate. Past performance is no guarantee of future performance.

An example calculation

We use an example calculation to show what your return and your costs could have been in the past.

Elroy is an investor who has opted for the Portfolio Management Impact Funds Mandate. He has a moderately aggressive risk profile. Her investment portfolio is worth € 100,000. Her total annual fees were roughly as follows last year (2024):

Type of fee	Amount	Percentage
Investment service costs (including VAT)	€ 1,110	1.11%
Product costs (ongoing charges & transaction costs in funds)	€ 460	0.46%
Total fees	€ 1,570	1.57%

Net return (after deduction of all costs)	€ 10,930	10.93%

Source: ABN AMRO Portfolio Management, compound rate of return for the period 1 January 2024 - 31 December 2024. These are the model portfolio results, which may differ from the returns achieved on the portfolios of individual clients. The value of your investments may fluctuate. Past performance is no guarantee of future performance.

Returns achieved after costs.
If transactions are made in foreign currencies and settled in euros, you will pay exchange costs for the conversion.

The composition of funds under this mandate

The following funds are currently included under the Impact Funds Mandate:

ABN AMRO Aegon Global Impact Equities Fund
ABN AMRO High Quality Impact Bond Fund
Privium Sustainable Impact Fund

These funds focus on the following asset classes:

Equity funds

Equity funds invest in a specific region or focus on a specific type of company. This includes companies that have the potential to grow and meet our sustainability criteria.

Bond funds

Bond funds can be included as part of the portfolio because of the relatively low risk. We use bond funds with varying credit ratings and different maturities.

Alternative investments

This category currently consists of an impact fund that invests in micro-loans, renewable energy projects, loans for students from developing countries, and similar.

Liquid assets

These are in an account where you receive interest on the balance. This account is covered by the Dutch deposit guarantee scheme.

Fees

Fees you pay to us

You pay us a management fee for our services, which include managing your portfolio. You will not be charged extra for withdrawals, changes to your mandate or risk profile or similar. Neither will you be charged if you decide to stop using Portfolio Management altogether. The exact fee depends on your risk profile: it will be between 1.21% and 1.39% of your invested assets per year (including 21% VAT).

Management fee

If you opt for Portfolio Management, you pay a management fee on the value of your investment portfolio, which covers all costs ABN AMRO incurs in providing that service. The fee covers the costs of:

managing your investment portfolio;
the administration for your investment portfolio;
the investment information we provide you; and
the transactions (in euros).

Fees that you pay to third parties

You pay a fee to cover an investment fund’s expenses, such as their ongoing expenses. These include administrative expenses, management expenses, marketing expenses and distribution expenses. The fee to cover these expenses is included in the investment fund’s price and set by the investment fund. The ongoing fees are listed in the Key Investor Information Document (KIID) for the relevant investment fund.

Other examples of fees you pay to third parties include the transaction fee to the fund, entry and exit fees, and swing price. Please note: there may be more fees. If there are, these will be listed in the Key Investor Information Document for the product in question.

View the overview of fees in the Portfolio Management Cost information sheet

Sustainability information

In compiling a socially responsible investment portfolio, the portfolio managers for the Impact Funds Mandate make clear choices. The mandate gives preference to investments that have as an objective a positive impact on the environment and society. This means that investment funds with above-average environmental, social and governance (ESG) performance are selected.

This mandate invests in equity funds, bond funds and alternative investments. At least 90% of the portfolio (excluding cash) must comprise investments that have as an objective a positive impact on the environment and society. It is possible that a portion of the actual portfolio can be considered an investment compliant with the Taxonomy-guideline, but there is no obligation for the mandate to include one or more investments compliant with the Taxonomy-guideline. The portfolio manager for the mandate will not use derivatives, though the selected investment funds may use derivatives to optimise portfolio management.

The following sustainability indicators are monitored:

Sustainalytics’ average ESG risk rating for the portfolio
Carbon emissions of the portfolio
Alignment with the Paris Climate Agreement to limit global warming to well under 2°C
Alignment with the UN Sustainable Development Goals (SDGs)

The data used is obtained from two leading data providers, Sustainalytics/Morningstar and Institutional Shareholder Services group of companies (ISS). For the selection of the investment products in which it invests, the funds which the mandate invests in apply (at the behest of ABN AMRO) a strict investment procedure based on various sustainability criteria. The procedure starts with a ‘sustainability check’. The underlying shares, bonds and investment funds are assessed on aspects such as their way of operating, their governance and their impact on society.

More information:

Sustainable investing with Portfolio Management

Socially responsible investing is an important principle at ABN AMRO. Some investments (such as investments in companies that produce tobacco, cluster bombs and landmines) are completely excluded from all our investment concepts.

With regard to 'tobacco', we differentiate between the production of tobacco and the sale of tobacco. ABN AMRO does not allow investments in producers of tobacco, whereas companies that ship cigarettes, and supermarkets that sell tobacco products, are not excluded.

Do you want to know how much impact you make with your investments? If you invest with ABN AMRO, you will receive an overview of the sustainable impact of your investments in your quarterly report.

Risk profiles

ABN AMRO uses 6 different risk profiles for its Portfolio Management service, ranging from a very low-risk profile (very defensive) to a very high-risk profile (very offensive). Each risk profile is associated with a specific portfolio model, which shows how we recommend you spread your investments across equities, bonds, alternative investments and liquid assets.

Once you have determined your risk profile with the guidance of your Investment Adviser, we will be able to put together an appropriate investment portfolio and immediately give you an idea of the impact on your investment returns.

Conditions

Read the investment terms and conditions .

Risks

You should only invest money that you do not need and that is surplus to your buffer for unforeseen expenses. While investing can be very interesting, it also entails risk. You could lose some or all of the money you invested. This is something you need to be aware of. Only invest in investment products that you understand.

If you opt for our Portfolio Management service, you do not make any investment choices yourself. Even so, you still need to be aware of the risks associated with investing.

When you start using our Portfolio Management service, you determine your own risk profile based on advice provided by your Investment Adviser. Our experts will then take care of buying and selling your investments, in line with your risk profile.

It is also good to know that:

A specialist department checks the investment risks in your portfolio every day. The daily operational processes that are a necessary part of managing your portfolio comply with the highest European standards (ISEA 3402).
The investments in your portfolio are legally separate from ABN AMRO. They are held in your name and are therefore your property. This means that your investments will be safe in the unlikely event that ABN AMRO becomes insolvent.

Termination

You can stop using our Portfolio Management service at any time without paying any termination fees.