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ABN AMRO

Comfort Income Mandate

Your assets as a source of income

  • Passive and active investments with a focus on dividend payments
  • Diversification through investments in index funds and ETFs
  • Investing in passive funds, ensuring lower management costs
  • From €50.000

Investing to generate extra income

This form of Portfolio Management focuses on generating income from your investments. This income consists of dividends that are paid to you throughout the year. You can use this dividend income to supplement your regular income or pension, for example. You will only receive the dividend; receiving the dividend will not be at the expense of your invested capital.

ABN AMRO

Focused on high dividends

This mandate focuses on investment funds that concentrate on investments that pay a high dividend. 

You pay dividend tax on the dividends you receive. The mandate has been structured in a way that allows you to benefit from favourable Dutch tax treaties. Naturally, there is always a risk that the dividends will not be as high as expected.

What do you want to know?

Features of this mandate

This mandate focuses on investment funds that primarily consist of high-dividend investments and on Exchange Traded Funds (ETFs). The latter tracks investments from an index in the same proportions for a small fee. Pay-outs are made at regular intervals during the year. Our experts put together a portfolio for you in line within your risk profile and ABN AMRO’s investment policy consisting of the following:

  • Index-linked and standard investments in stocks
  • Investments in bonds
  • Other investments (e.g. real estate)
  • Liquid assets

Return over the last five years

Actual returns after deduction of fees

This table shows the actual net returns achieved under the Comfort Income Mandate for the past five years.

Risk 2019 2020 2021 2022 2023 since 2019

Defensive

7.3%

0.3%

4.3%

-12.4%

7.3%

5.4%

Moderately defensive

10.4%

-0.2%

9.0%

-12.3%

8.5%

14.2%

Moderately aggressive

15.1%

-0.7%

15.3%

-11.7%

9.8%

27.6%

Aggressive

19.7%

-1.3%

21.1%

-11.9%

11.7%

40.8%

Very aggressive

22.4%

-2.0%

25.7%

-10.6%

12.3%

51.5%

Source: ABN AMRO Portfolio Management, compound rate of return for the period 1 January 2019 - 31 December 2023.

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.

Petra is an investor who has opted for the Portfolio Management Comfort Income Mandate. She has a moderately aggressive risk profile. Her investment portfolio is worth € 100,000. Her total annual fees were roughly as follows last year (2023):

Type of fee Amount Percentage

Investment service costs (including VAT)

€ 1,090

1.09%

Product costs (ongoing charges & transaction costs in funds)

€ 410

0.41%

Total fees

€ 1,500

1.50%

     

Net return (after deduction of all costs)

€ 9,750

9.75%

     

Source: ABN AMRO Portfolio Management, compound rate of return for the period 1 January 2023 - 31 December 2023. 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.

Costs

Fees that you pay to us

You pay us a fee for our services, which include managing your portfolio and ongoing advice. This is an all-in fee, so you will not be charged any additional fees for withdrawing cash or changing your mandate or risk profile, for example. Moreover, no additional fees will be charged if you decide to stop using our Portfolio Management services. The exact fee you pay depends on your risk profile and ranges from 1.21% to 1.39% of your invested assets each year (these percentages include 21% VAT).

Fees that you pay to other parties

You also pay fees for the investment funds that are run by external fund managers for ABN AMRO. Some of the funds are managed by ABN AMRO, in which case ABN AMRO is the fund provider. These fees are also known as ongoing charges and are paid to managers to cover the costs of making the investments and administration costs. You do not need to pay the ongoing charges separately as they are included in the price of each investment fund.

Portfolio Management fee sheet (PDF)

Example calculation for dividend yields

This table gives you an overview of the dividend yields achieved in the Comfort Income Mandate over the past five years. Here you see the net dividend yields, which means that tax has already been withheld on the dividend payments.

Risk 2018 2019 2020 2021 2022

Defensive

1.26%

1.15%

1.44%

1.43%

1.57%

Moderately defensive

1.61%

1.49%

1.75%

1.64%

1.91%

Moderately offensive

2.02%

2.01%

2.17%

1.90%

2.27%

Offensive

2.42%

2.54%

2.66%

2.07%

2.75%

Very offensive

2.64%

2.75%

2.25%

1.67%

2.34%

Example: With an investment of € 100,000 in a moderately offensive risk profile, you would have received 2.27% in dividend payments in 2022. This equates to an amount of € 2,270.

In the example calculation, we use the in the Netherlands generally applicable dividend tax rate of 15%. This rate may be different in your situation, for example, if you receive dividend payments from foreign shares. Tax rates can also change in the future.

Source: ABN AMRO Portfolio Management, composite returns from 01/01/2018 to 31/12/2022.

Result after tax, after the deduction of all costs. This concerns the results of the model portfolio, which can deviate from the returns of your personal portfolio. The value of your investments can fluctuate. Results achieved in the past offer no guarantee for the future.

What does this mandate comprise?

A broadly diversified portfolio consisting mainly of investment funds selected by our investment experts from a global range. The investment platform provides access to a wide range of investment funds and fund managers.

  • Equity funds
    Equity funds invest in a specific region or focus on a specific type of company, such as companies with potential for growth or companies that pay a high dividend. 
  • Bonds
    You can choose to invest part of your portfolio in bonds as they have a relatively low risk. The bonds we offer have varying credit ratings and terms to maturity. 
  • Other investments
    Alternative investments, such as investments in commodities or hedge funds, often do not respond to market developments in the same way as equities and bonds. Our investment experts may therefore include these investments in your portfolio. 
  • Liquid assets
    Liquid assets are held in an account that pays interest. This account is covered by the deposit guarantee scheme.
Sustainability information

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.

Information on your invested assets

Your Investment Adviser will discuss your portfolio with you once a year. We also keep you continuously updated on your portfolio, its returns and the investment policy in various ways.

Investment Dashboard

Your Investment Dashboard can be viewed in Internet Banking at any time of day or night. The Investment Dashboard provides a quick picture of your portfolio, investment gains and losses, and income. Besides viewing your total assets, you can also see the individual financial instruments (including related results). The Investment Dashboard provides a clear overview and is easy to use.

How to view your Investment Dashboard:

  1. Select an investment account in Internet Banking 
  2. Click on 'Investment report' 
  3. View your portfolio and results in your Investment Dashboard.
Wealth Dashboard

We also keep you updated in other ways:

Investment report

This quarterly report includes information on the following:

  • Your actual return, compared with the benchmark for your profile 
  • The transactions in the past quarter 
  • The allocation of your assets across the asset classes 
  • An explanation of the investment policy in the past quarter 

Digital Portfolio Management newsletter

You will receive our monthly digital newsletter, which explains the investment choices made by our specialists.

Annual statement for tax purposes

The bank will send you an annual statement for tax purposes showing the value of your assets that you need to report in your tax return.

Conditions and Risks

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.

Deposits and withdrawals

When you opt for Portfolio Management, you entrust the long-term management of your assets to us. You may make deposits and withdrawals at no extra charge, but this may affect whether you are able to achieve your investment objectives. Your Investment Adviser can provide you with advice about this.

Termination

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

Statement of adverse effects on sustainability

ABN AMRO takes into account the main negative consequences of investment decisions and advice on sustainability factors. Sustainability factors include environmental, social and employment issues, respect for human rights, and the fight against corruption and bribery. We adhere to the Sustainability Risk Policy Framework of ABN AMRO Bank NV (“ABN AMRO”). The Sustainability Risk Policy Framework is partly based on the various corporate responsibility codes and on internationally recognized sustainability standards or initiatives to which ABN AMRO adheres.

What do you want to know?

Features of this mandate

This mandate focuses on investment funds that primarily consist of high-dividend investments and on Exchange Traded Funds (ETFs). The latter tracks investments from an index in the same proportions for a small fee. Pay-outs are made at regular intervals during the year. Our experts put together a portfolio for you in line within your risk profile and ABN AMRO’s investment policy consisting of the following:

  • Index-linked and standard investments in stocks
  • Investments in bonds
  • Other investments (e.g. real estate)
  • Liquid assets

Return over the last five years

Actual returns after deduction of fees

This table shows the actual net returns achieved under the Comfort Income Mandate for the past five years.

Risk 2019 2020 2021 2022 2023 since 2019

Defensive

7.3%

0.3%

4.3%

-12.4%

7.3%

5.4%

Moderately defensive

10.4%

-0.2%

9.0%

-12.3%

8.5%

14.2%

Moderately aggressive

15.1%

-0.7%

15.3%

-11.7%

9.8%

27.6%

Aggressive

19.7%

-1.3%

21.1%

-11.9%

11.7%

40.8%

Very aggressive

22.4%

-2.0%

25.7%

-10.6%

12.3%

51.5%

Source: ABN AMRO Portfolio Management, compound rate of return for the period 1 January 2019 - 31 December 2023.

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.

Petra is an investor who has opted for the Portfolio Management Comfort Income Mandate. She has a moderately aggressive risk profile. Her investment portfolio is worth € 100,000. Her total annual fees were roughly as follows last year (2023):

Type of fee Amount Percentage

Investment service costs (including VAT)

€ 1,090

1.09%

Product costs (ongoing charges & transaction costs in funds)

€ 410

0.41%

Total fees

€ 1,500

1.50%

     

Net return (after deduction of all costs)

€ 9,750

9.75%

     

Source: ABN AMRO Portfolio Management, compound rate of return for the period 1 January 2023 - 31 December 2023. 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.

Costs

Fees that you pay to us

You pay us a fee for our services, which include managing your portfolio and ongoing advice. This is an all-in fee, so you will not be charged any additional fees for withdrawing cash or changing your mandate or risk profile, for example. Moreover, no additional fees will be charged if you decide to stop using our Portfolio Management services. The exact fee you pay depends on your risk profile and ranges from 1.21% to 1.39% of your invested assets each year (these percentages include 21% VAT).

Fees that you pay to other parties

You also pay fees for the investment funds that are run by external fund managers for ABN AMRO. Some of the funds are managed by ABN AMRO, in which case ABN AMRO is the fund provider. These fees are also known as ongoing charges and are paid to managers to cover the costs of making the investments and administration costs. You do not need to pay the ongoing charges separately as they are included in the price of each investment fund.

Portfolio Management fee sheet (PDF)

Example calculation for dividend yields

This table gives you an overview of the dividend yields achieved in the Comfort Income Mandate over the past five years. Here you see the net dividend yields, which means that tax has already been withheld on the dividend payments.

Risk 2018 2019 2020 2021 2022

Defensive

1.26%

1.15%

1.44%

1.43%

1.57%

Moderately defensive

1.61%

1.49%

1.75%

1.64%

1.91%

Moderately offensive

2.02%

2.01%

2.17%

1.90%

2.27%

Offensive

2.42%

2.54%

2.66%

2.07%

2.75%

Very offensive

2.64%

2.75%

2.25%

1.67%

2.34%

Example: With an investment of € 100,000 in a moderately offensive risk profile, you would have received 2.27% in dividend payments in 2022. This equates to an amount of € 2,270.

In the example calculation, we use the in the Netherlands generally applicable dividend tax rate of 15%. This rate may be different in your situation, for example, if you receive dividend payments from foreign shares. Tax rates can also change in the future.

Source: ABN AMRO Portfolio Management, composite returns from 01/01/2018 to 31/12/2022.

Result after tax, after the deduction of all costs. This concerns the results of the model portfolio, which can deviate from the returns of your personal portfolio. The value of your investments can fluctuate. Results achieved in the past offer no guarantee for the future.

What does this mandate comprise?

A broadly diversified portfolio consisting mainly of investment funds selected by our investment experts from a global range. The investment platform provides access to a wide range of investment funds and fund managers.

  • Equity funds
    Equity funds invest in a specific region or focus on a specific type of company, such as companies with potential for growth or companies that pay a high dividend. 
  • Bonds
    You can choose to invest part of your portfolio in bonds as they have a relatively low risk. The bonds we offer have varying credit ratings and terms to maturity. 
  • Other investments
    Alternative investments, such as investments in commodities or hedge funds, often do not respond to market developments in the same way as equities and bonds. Our investment experts may therefore include these investments in your portfolio. 
  • Liquid assets
    Liquid assets are held in an account that pays interest. This account is covered by the deposit guarantee scheme.

Sustainability information

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.

Information on your invested assets

Your Investment Adviser will discuss your portfolio with you once a year. We also keep you continuously updated on your portfolio, its returns and the investment policy in various ways.

Investment Dashboard

Your Investment Dashboard can be viewed in Internet Banking at any time of day or night. The Investment Dashboard provides a quick picture of your portfolio, investment gains and losses, and income. Besides viewing your total assets, you can also see the individual financial instruments (including related results). The Investment Dashboard provides a clear overview and is easy to use.

How to view your Investment Dashboard:

  1. Select an investment account in Internet Banking 
  2. Click on 'Investment report' 
  3. View your portfolio and results in your Investment Dashboard.
Wealth Dashboard

We also keep you updated in other ways:

Investment report

This quarterly report includes information on the following:

  • Your actual return, compared with the benchmark for your profile 
  • The transactions in the past quarter 
  • The allocation of your assets across the asset classes 
  • An explanation of the investment policy in the past quarter 

Digital Portfolio Management newsletter

You will receive our monthly digital newsletter, which explains the investment choices made by our specialists.

Annual statement for tax purposes

The bank will send you an annual statement for tax purposes showing the value of your assets that you need to report in your tax return.

Conditions and Risks

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.

Deposits and withdrawals

When you opt for Portfolio Management, you entrust the long-term management of your assets to us. You may make deposits and withdrawals at no extra charge, but this may affect whether you are able to achieve your investment objectives. Your Investment Adviser can provide you with advice about this.

Termination

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

Statement of adverse effects on sustainability

ABN AMRO takes into account the main negative consequences of investment decisions and advice on sustainability factors. Sustainability factors include environmental, social and employment issues, respect for human rights, and the fight against corruption and bribery. We adhere to the Sustainability Risk Policy Framework of ABN AMRO Bank NV (“ABN AMRO”). The Sustainability Risk Policy Framework is partly based on the various corporate responsibility codes and on internationally recognized sustainability standards or initiatives to which ABN AMRO adheres.

ABN AMRO
Talk to us without obligation to get insight into your options

Talk to us without obligation to get insight into your options

  • Call 088 388 9779 now or let us know when you want to be called.

  • We will then make an appointment for a discussion with our wealth specialist.

  • The discussion usually takes place via Image Banking (video connection) or over the telephone and is always without obligation and free of charge.

You can choose from 4 forms of Portfolio Management

Impact Funds Mandate

  • Positive impact on the environment and society
  • Insight into the impact of your investments
  • Impact investing in equity and bond funds
  • From €50,000

ESG Fund Mandate

  • Selection of funds based on ESG rating
  • Unique to this mandate: use of external party for exclusive fund selection
  • Long-term performance of companies and transparency on investments
  • From € 50,000

Comfort Income Mandate

  • Passive and active investments with a focus on dividend payments
  • Diversification through investments in index funds and ETFs
  • Investing in passive funds, ensuring lower management costs
  • From € 50,000

Multi-Manager Mandate

  • Diversified investments in global funds from renowned fund houses
  • Consistent historical performance and strategy
  • Thematic funds
  • From € 50,000

You choose the risk 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.

Read more about the risk profile.

ABN AMRO

Your Investment Adviser

Do you have a question, or do you want to know how your investments are doing? Your Investment Adviser will be happy to provide the information you want. This means you are able to form a clear picture of your invested assets at any time.

Investing entails risks

Investing entails risks. You could lose (some of) the money you invested. If you are going to invest, it is important that you are aware of this. Invest with money you can spare. Keep a buffer for unforeseen circumstances.

Do you need help?

Call us directly

Call us with all your questions about Portfolio Management. From Monday to Friday between 9 a.m. and 5 p.m.

Call us on +31 (0)88 388 9779

Make an appointment

Leave us your details and we’ll call you back to schedule an appointment.