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Détail d'un fonds

Funds Detail

BL Bond Dollar

Bond fund

Data as of 10/06/2021

Risk level

Recommended investment horizon : > 2 years


Average annual performance since launch 4,42 %

Performance as at 10/06/2021

2018-0,47 %
20195,20 %
20206,02 %
Since 01/01/2021-1,39 %
Over the last 12 months-1,65 %
Over 3 years11,47 %
Since launch274,02 %
Asset breakdown
Bonds97,34 %
Cash2,66 %
Main positions
US Treasury Note Series B-2029 2019 2.625% 15-02-20298,13 %
US Treasury Note Series E 2025 2015 2% 15-08-20257,81 %
US Treasury Note Series F 2024 2014 2.25% 15-11-20247,80 %
US Treasury Note 2019 1.625% 30-11-20267,63 %
US Treasury Note Series AF 2024 2019 1.5% 31-10-20247,61 %


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 - 1st Quarter 2021

In the first quarter of 2021, we saw a significant correction in the US Treasury bond market. The average yield on the benchmark 10-year US bond rose from 0.91% to 1.74% between 31 December 2020 and 31 March 2021. This rise in yields is explained by an improvement in prospects for economic growth. These prospects were buoyed by the adoption of the Biden administration's fiscal stimulus packages. The $1.9 trillion American Rescue Plan is expected to contribute to a 7% growth rate in 2021. On the health front, the vaccination campaign is being ramped up and the progress of the pandemic is slowing. Inflation is expected to increase but remain under control. At the end of February it came to 1.7%. On the monetary policy front, the Federal Reserve has indicated that it will only intervene if bond yields rise too high and financial conditions tighten significantly. The key rate is still 0.25% and is not expected to be raised until next year at the earliest. BL Bond Dollar declined by 2.33% over the quarter. It has an average yield of 0.81% for a modified duration of nearly 4.4.

General information

Net Asset Value 
Calculated Every business day
NAV class B capitalisation shares (10/06/2021)1 384,26 USD
NAV class A distribution shares (20/05/2021)1 376,56 USD
CODESISIN 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)136,07 USD
Launch date16/09/1988

Détail fonds - disclaimer

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.

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