So investiert der Kempen Oranje Participaties N.V. Fonds: The Fund employs a bottom-up investment process to construct a concentrated portfolio of shares in small European companies. The Fund primarily aims to use participation exemption (‘deelnemingsvrijstelling’) and therefore the investments are usually at least 5% of the nominal paid-up capital of the company. The Fund strives to be an engaged shareholder in companies in which it participates. The Fund aims to generate a long-term total return of 10% on an annual basis, comprising net capital gains or losses plus dividend. The Shareholder’s return will comprise movements in the price of Shares in the Fund as well as dividends to be paid by the Fund, if any.