BL-Global Flexible EUR B EUR Acc
Sub-fund of BL (SICAV domiciled in Luxembourg)
Fund is the popular name for UCI (Undertaking for Collective Investment). A UCI is an undertaking that brings together several investors and invests their deposited money in various investment products, such as stocks, bonds, cash, etc., in order to spread the risk.
Before you proceed with investing, you must read and evaluate the KIID and prospectus. The KIID sets out the objectives, investment policy, risks and benefits, and costs and past performance of the fund.
Source NAV www.beama.be
KEY INFORMATION
LEGAL DOCUMENTS
PERFORMANCE
ANALYSIS

Fund Profile

Category: SICAV

Objectives Seeking a medium-turn return exceeding a bond investment in EUR. Investment policy The sub-fund invests in shares, bonds, including inflation-linked bonds, money market instruments or cash. The percentage of the sub-fund’s portfolio invested in the various instru- ments varies according to the valuation of the various classes of assets and market circumstances. However, the sub-fund invests at least 25% of its net assets in shares. In order to achieve its objective, the sub-fund may invest a maximum of 10% of its net assets in open-ended investment funds. The sub-fund may also use derivative products for hedging purposes or in order to optimise the portfolio’s exposure. Investments are made without any geographical, sector-based or mone- tary restrictions. Bonds and other equivalent securities may be issued by companies, states or other entities. The portfolio is actively managed on a discretionary basis without using a reference benchmark. The currency of the share class is expressed in EUR. The investor has the right to redeem his shares on demand. The dealing in shares is carried out on each complete bank business day in Luxembourg. The attention of the investor is drawn to the fact that in exceptional cir- cumstances, the possibility for the investor to request the redemption of his shares may be limited or suspended. These shares are capitalisation shares. Income and capital gains are rein- vested. Recommendation This fund may not be appropriate for investors who plan to withdraw their money within 3 years.

Risk Profile
Significant risks that are not adequately reflected in the profile:

Credit risk
The fund can invest in bonds and/or shares. The issuers of these bonds and/or shares may become insolvent, thus the value of the bonds and/or shares may be lost in full or in part.
Derivatives risk
The fund can enter into derivative transactions. The increased profit opportunities that arise, could also involve greater risks of loss.
Emerging market risk
The fund will be more volatile because these markets are typically smaller, less liquid and more sensitive to economic and political factors.
Event risk
This fund may be negatively affected by unforeseeable events such as devaluations or political events.

You will find all other risks associated with this fund in the prospectus.
Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
1
2
3
4
5
6
7
Lower Risk
Possible Lower
Returns
Higher Risk
Possible higher
Returns
Key Information
Closing Price 24/09/2021 206.66
Morningstar category EUR Flexible Allocation - Global
Currency EUR
Distribution status Capitalizing
ISIN LU0211340665
Inception Date 04/06/2005
Maturity date Unlimited
Management strategy (vs benchmark) Active
Minimum initial amount 100.00 EUR
Fees And Charges
Entry fee None
Tax on entry None
Custody fees None
Tax on returns
No
Tax on dividend N/A
Exit fee None
Tax on exit 1.32 (max. 4,000.00 EUR per fund)
Ongoing charge 1.40% of which 0.63% is paid to MeDirect
Fund management company
Address BLI - Banque de Luxembourg Investments SA 16, boulevard Royal, L-2449 Luxembourg Luxembourg L-2449 Luxembourg
Manager Name Guy Wagner
Manager Start Date 06/04/2005
Website www.banquedeluxembourg.com
Total Net Assets (mil) 1,786.15 EUR (31/08/2021)
UCITS Yes
Administrator Banque de Luxembourg

Legal Documents

It is possible that this fund applies swing pricing. Please consult the prospectus for more information.
Should you have any complaints, you may contact Compliance Officer MeDirect, Keizerinlaan 66, 1000 Brussel or via [email protected] or Ombudsfin, Ombudsman for financial disputes, North Gate II, Koning Albert II – laan 8 bus 2, 1000 Brussel or via [email protected]

Performance

Historical returns returns and the evolution of the NAV are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Sales charges (like entry- and exit fees ) and taxes are not included in the calculation of past performance. Management fees, administrative fees and other costs taken out of the fund assets have been taken in to account, as they are already included in the NAV.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year8.41%24/09/2021
3 years9.11%24/09/2021
5 years5.79%24/09/2021
10 years5.75%24/09/2021
Since launch4.51%24/09/2021
Cumulative performance in EUR
Performance
YTD 01/01/20216.44
1 month-2.49
3 months-0.81
6 months5.02
Quarterly Returns
Q 1Q 2Q 3Q 4
20212.09%5.49%--
2020-8.49%8.75%1.19%1.20%
201911.00%2.40%3.97%3.70%
2018-4.79%4.52%-0.95%-3.55%
20176.09%-0.22%-0.39%2.61%

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock80.75%0.00%80.75%
Bond6.69%0.00%6.69%
Cash29.24%16.68%12.56%
Other0.00%0.00%0.00%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
6.808.967.94
Sharpe Ratio
1.591.120.90
Sortino Ratio
3.622.101.59
Positive Months8.0024.0038.00
Negative Months4.0012.0022.00
Worst Month-2.45-4.91-4.91
World Regions
Region%
United States15.83
Europe - ex Euro15.47
Canada10.47
Japan10.10
United Kingdom7.43
Asia - Emerging6.63
Asia - Developed6.26
Eurozone5.35
Latin America1.77
Middle East1.45
Stock Sector Weighting
Sector% of Equity
Consumer Defensive
22.92
Basic Materials15.76
Healthcare13.74
Technology10.81
Industrials6.52
Consumer Cyclical
3.20
Communication Services3.15
Energy2.05
Real Estate1.54
Financial Services1.06
Top 10 Holdings
HoldingSectorCountry% of Assets
Roche Holding AG HealthcareSwitzerland4.40
United States Treasury Bonds 1.25% 15/05/2050United States4.05
Franco-Nevada Corp Basic MaterialsCanada3.60
Nestle SA Consumer DefensiveSwitzerland3.28
United States Treasury Bonds 0.25% 15/02/2050United States2.64
Agnico Eagle Mines Ltd Basic MaterialsCanada2.16
Newmont Corp Basic MaterialsUnited States2.15
Unilever PLC Consumer DefensiveUnited Kingdom2.05
GlaxoSmithKline PLC HealthcareUnited Kingdom1.96
Reckitt Benckiser Group PLC Consumer DefensiveUnited Kingdom1.64
It is possible that some UCI presented in the portfolio are not offered in Belgium, please verify with our client service
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
All key information and documents must be reviewed before being able to Invest.