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BL Bond Dollar
Data as of 21/02/2020
Average annual performance since launch 4,56 %
Performance as at 21/02/2020
|Since 01/01/2020||2,58 %|
|Over the last 12 months||7,64 %|
|Over 3 years||9,32 %|
|Since launch||266,93 %|
|US Treasury Note Series F 2029 2019 1.75% 15-11-2029 1,75 15/11/2029||5,43 %|
|US Treasury Note 2019 1.625% 30-11-2026 1,62 30/11/2026||5,36 %|
|US Treasury Note Series AF 2024 2019 1.5% 31-10-2024 1,50 31/10/2024||5,32 %|
|US Treasury Bond 2009 3.5% 15-02-2039 3,50 15/02/2039||5,11 %|
|US Treasury Bond 2016 2.25% 15-08-2046 2,25 15/08/2046||4,82 %|
Investment objective and policyThe 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 - 4th Quarter 2019US Treasuries posted negative performance in the fourth quarter of 2019. The J.P. Morgan index for this market was down 0.91%. The US 10-year yield ended the quarter at 1.92%, which is 26 basis points higher than at the end of the previous quarter. In October, the Federal Reserve cut its interest rate again, taking it to 1.75%. This was its third rate cut of the year. During the quarter, inflation started to climb again, rising from 1.7% in September to 2.3% at the end of December. Unemployment remained stable at around 3.5%. Concerning economic activity, the Purchasing Managers' Index for the manufacturing sector (US PMI Manufacturing) contracted slightly. It now stands at 47.2. Crude oil prices rose during the quarter with WTI rising from USD 54.07 per barrel in September to USD 61.06 at the end of the quarter. There has been a slight improvement in the global political context. Brexit is in the process of being resolved. US-China trade discussions seem to be reaching an agreement. Particularly in the United States, the economic situation seems to have stopped deteriorating, creating some stability for bonds.
|Net Asset Value|
|Calculated||Every business day|
|NAV class B capitalisation shares (21/02/2020)||1 358,02 USD|
|NAV class A capitalisation shares (21/02/2020)||281,91 USD|
|Latest dividend||20,27 USD|
|Date of last dividend payment||07/02/2020|
|CODES||Internal capitalisation code : 1134389000 |
Internal distribution code : 1134360000
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)||190,48 USD|
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.