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BL Equities Dividend
Theme fund
Data as of 21/01/2021
Risk level
| Low |  | High |
Performance
Average annual performance since launch 5,55 %
Performance as at 21/01/2021
| FUNDS | |
|---|---|
| 2018 | -2,11 % |
| 2019 | 23,70 % |
| 2020 | 0,93 % |
| Since 01/01/2021 | -0,57 % |
| Over the last 12 months | -1,62 % |
| Over 3 years | 21,96 % |
| Since launch | 104,39 % |
Composition
| Asset breakdown | |
|---|---|
| Equities | 98,71 % |
| Cash | 1,29 % |
| Breakdown by currency | |
|---|---|
| USD | 36,01 % |
| GBP | 24,99 % |
| CHF | 15,03 % |
| CAD | 3,65 % |
| AUD | 3,35 % |
| Others | 16,96 % |
| Main positions | |
|---|---|
| Unilever PLC | 6,91 % |
| PepsiCo Inc | 6,16 % |
| Philip Morris International Inc | 6,05 % |
| Nestle SA nom | 5,03 % |
| Colgate Palmolive Co | 4,60 % |
Strategy
Investment objective and policy
The fund seeks long-term capital appreciation by investing in equities offering high dividend yields. BL-Equities Dividend invests in international companies whose current or expected dividend yield is higher than their benchmark index. There is no specific geographical, sector or monetary allocation. Companies are selected based on their valuation and intrinsic quality. This sub-fund is also available denominated in USD with the identical investment policy and performance figures (LU0751781666).Management report - 3rd Quarter 2020
In the third quarter of 2020, BL Equities Dividend gained 3.71% (retail accumulation share in euros, net of fees). During the period, we started building a position in The Hershey Company. It is the undisputed leader in North America for chocolate and sweets and owns some iconic brands: in chocolate, the most famous are Reese's, Hershey's and Kisses, as well as licences (in the United States) for Kit Kat and Cadbury; and in sweets, Ice Breakers, Twizzlers and Jolly Rancher, for example. Hershey is managed with a long-term vision and is a model as regards ROCE, operating margins and free cash flow, all close to 20%. It has paid a dividend every year since 1930. At the time of our first investment, the gross dividend yield was 2.3%, with the dividend well covered by cash generation. Following this purchase, BL Equities Dividend is now concentrated on 33 high quality companies that have each been held for an average of over five years. At the end of the period, BL Equities Dividend offered a gross weighted average yield of 2.9%. The companies currently held in the fund post an average compound annual growth rate of their gross dividend per share of 8% over the last five years.General information
| Net Asset Value | |
|---|---|
| Calculated | Every business day |
| NAV class B capitalisation shares (21/01/2021) | 204,39 EUR |
| NAV class A distribution shares (21/01/2021) | 149,60 EUR |
| Latest dividend | 1,83 EUR |
| Date of last dividend payment | 07/02/2020 |
| CODES | ISIN capitalisation code : LU0309191657 ISIN distribution code : LU0309191491 WKN capitalisation code : A0MWCW WKN distribution code : A0MWCV |
| Net assets (million) | 477,62 EUR |
| Launch date | 31/10/2007 |
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.