US Treasury Bond Series 2043 2013 2.875% 15-05-2043 2,88 15/05/2043
US Treasury Bond 2015 2.5% 15-02-2045 2,50 15/02/2045
Royal Gold Inc
Investment objective and policy
The fund aims to beat returns offered by money-market products and bonds while avoiding volatility usually associated with the stock markets. This means that the fund offers greater capital protection during bear markets. The weighting of the various asset classes may change significantly depending on how attractive they are in relation to each other (from 0 to 100%).
Management report - 4th Quarter 2018
At the end of December 2018, the fund was 83% invested in equities. Fixed-income investments accounted for 17% of BL-Global Flexible EUR (5.5% cash, 11.5% bonds). Within the equity portfolio, 15% was invested in gold companies (North America). The geographic allocation of the equity portfolio (excluding gold-mining companies) was as follows: eurozone 11.5%, other European countries 17%, North America 10%, Asia Pacific ex Japan 16.5%, Japan 13%. In terms of sectors, the equity portfolio maintained a defensive bias, continuing to focus on companies with a sound financial situation and offering good earnings visibility. After taking foreign exchange futures into account, the currency allocation was as follows: 40% in EUR, 7.5% in USD, 10.5% in CHF, 9% in CAD, 14% in JPY and 19% in other currencies.
Net Asset Value
Every business day
NAV class B capitalisation shares (15/02/2019)
NAV class A capitalisation shares (15/02/2019)
Date of last dividend payment
Internal capitalisation code : 1786405000 Internal distribution code : 1786393000 ISIN capitalisation code : LU0211340665 ISIN distribution code : LU0211339816 WKN capitalisation code : A0D9HW WKN distribution code : A0D9HV
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