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BL Bond Dollar
Bond fund
Data as of 13/01/2021
Risk level
| Low |  | High |
Performance
Average annual performance since launch 4,52 %
Performance as at 13/01/2021
| FUNDS | |
|---|---|
| 2018 | -0,47 % |
| 2019 | 5,20 % |
| 2020 | 6,02 % |
| Since 01/01/2021 | -0,53 % |
| Over the last 12 months | 5,04 % |
| Over 3 years | 11,32 % |
| Since launch | 277,29 % |
Composition
| Asset breakdown | |
|---|---|
| Bonds | 98,08 % |
| Cash | 1,92 % |
| Main positions | |
|---|---|
| US Treasury Note Series E 2025 2015 2% 15-08-2025 | 7,37 % |
| US Treasury Note Series C 2024 2014 2.5% 15-05-2024 | 7,36 % |
| US Treasury Note Series F 2024 2014 2.25% 15-11-2024 | 7,35 % |
| US Treasury Note Series F 2023 2013 2.75% 15-11-2023 | 7,35 % |
| US Treasury Note Series F 2029 2019 1.75% 15-11-2029 | 7,27 % |
Strategy
Investment objective and policy
The fund invests mainly in fixed income, variable income and convertible bonds denominated in USD, which are issued by first-rate issuers. Its key objective is to achieve a regular income.Management report - 3rd Quarter 2020
Over the quarter, US Treasuries flatlined. The JP Morgan index for this market posted a slight rise of 0.17%. The US 10-year yield ended the quarter up 0.68%, 2 basis points lower than at the end of the previous quarter. In the United States, the US Federal Reserve continues to support SMEs through the Main Street Lending Program. US economic statistics confirm the US economy's gradual recovery. Nevertheless, this is in a context of an increase in Covid-19 infections confirming the advent of a second wave in Europe, in particular, and the ongoing tightening of local lockdowns. In the short term, the US economy will post a decline of nearly 4% of its GDP for full-year 2020. Unless the pandemic worsens, we think that activity will recover in the longer term, regardless of the outcome of the presidential election.General information
| Net Asset Value | |
|---|---|
| Calculated | Every business day |
| NAV class B capitalisation shares (13/01/2021) | 1 396,35 USD |
| NAV class A distribution shares (13/01/2021) | 289,87 USD |
| Latest dividend | 20,27 USD |
| Date of last dividend payment | 07/02/2020 |
| CODES | ISIN capitalisation code : LU0093570926 ISIN distribution code : LU0093570843 WKN capitalisation code : 937802 WKN distribution code : 937803 SICOVAM capitalisation code : 959299 SICOVAM distribution code : 959298 |
| Net assets (million) | 145,87 USD |
| Launch date | 16/09/1988 |
Before making any decision to subscribe, customers must ensure they have understood the product, having measured the risks associated with it and consulted their own advisers on the appropriateness of the product for their particular financial situation, taking into account legal, tax and accounting aspects. This fact sheet has been drawn up for information purposes and shall in no event be considered a solicitation to buy or an offer to sell securities or other financial instruments. Information provided to the interested party does not constitute legal or fiscal advice and the Bank shall not be held liable for such information. The securities referred to in this document may cause the investor to incur significant risk and may not be appropriate for all investors. Such risks include market risks, high volatility, credit risk, liquidity risk and interest-rate risk. There is no guarantee that the securities described in this document will achieve their investment objectives. Past performance is no indication of future returns. The Bank shall not be held liable for the future performance of these securities. Potential investors must ensure that they understand the risks of investing in such products and should only take an investment decision after giving careful consideration, together with their professional advisers, to the appropriateness of this investment to their specific financial situation, particularly with regard to legal, tax and accounting aspects. We have made every effort to verify that the information presented in this document is correct, in particular the estimated values, opinions and other estimates. Nevertheless, no guarantee can be given as to the validity, timeliness, completeness, correctness or accuracy of the information, which is provided for guidance only. Information may be subject to change without prior notice.